OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.

David Russell, reporter for OptionMonster.

NEW YORK ( TheStreet) -- Waters attracts unusual bullish trade: A large trade may reflect a bullish interpretation of the stock chart formed by the manufacturer of scientific-testing equipment.

Volatility seller targets Aeropostale (ARO): Shares of the specialty retailer have fought their way back to a key chart level, and one trader expects them to halt.

New signals argue for market pullback: The volatility and volume of the S&P 500 have been warning of a pullback, and today's trading lends more support for that possibility.

Trades reflect confidence in Advanced Micro Devices (AMD): The options action is painting a bullish picture for the chip manufacturer before a presentation in the afternoon.

Strategy sees big move in real estate: One trader is betting that the iShares Dow Jones Real Estate Fund will make a significant move in the next month.

Financial ETF on verge of breakout: The Financial Select Sector SDPR ( XLF) exchange-traded fund is reaching a breakout level at the $15.50 area. A complete breakout would be at the peak of the range at $15.76.

Retail ETF nearing target on chart: The SPDR S&P Retail ETF ( XRT), which we discussed a week ago when it broke above resistance levels, is already halfway to its potential target.

Wednesday Pre-Market:

Bulls, bears both target bank sector: Options volume surged in the SPDR KBW Bank index yesterday as both bulls and bears both looked for movement in the banking sector.

Unusual strategy in Boston Properties (BXP): Our tracking systems detected an unusual transaction yesterday in the owner of office buildings, using contracts in April and July.

Large trade backs Caterpillar (CAT) levels: The big option trade of the day for Caterpillar appears to be a bet that the stock won't fall back to where it found support just a month ago.

How one bull is playing Liberty Media (LINTA): The owner of the QVC home-shopping network is fighting its way higher, and one investor is using options to get long exposure virtually for free.

Strategy goes in the money on Shire (SHPGY): The U.K. drugmaker has been surging higher on strong earnings, and one trader is jumping on board using in-the-money calls.

-- Reported by David Russell of OptionMonster in New York.

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