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) -- ArvinMeritor (ARM) faces range-bound trade: The maker of auto parts such as axles and braking systems has surged back after trading at distressed levels at the nadir of the credit crunch a year ago. Bear sees Foot Locker (FL) slowing down: Is the shoe retailer running out of energy after a sprint to the upside? The shares have been rallying on improving sales trends and after management cut locations and costs in 2009. Texas Instruments (TXN) draws call buyer: Shares of the technology giant have largely traded sideways since mid-February, but one trader is counting on the stock to pop in the next few months. Traders stay bullish on J.C. Penney (JCP): The department-store chain has been taking a breather since running from below $26 after reporting bullish earnings expectations for 2010. Bulls see summer rally in Popular (BPOP): The beaten-down Puerto Rican lender has been climbing along with other regional banks as investors anticipate lower loan-loss reserves in the second half of 2010. Monday Pre-Market: Why big traders use 'risk reversals': Retail traders tend to stick with calls or puts, but institutional traders are inclined to use both calls and puts at the same time. Here's why. No breaks seen soon in index stalemate: As we head into a holiday-shortened week, the markets may not see any immediate resolution to the recent trading congestion. Aerospace calls active on Korea incident: Option activity surged in companies such as Raytheon ( RTN) and Lockheed Martin ( LMT) on Friday after North Korea was suspected of sinking a South Korean naval vessel. Bearish trade bets on Hasbro (HAS) correction: The toymaker has pushed back near an all-time high, and one trader is positioning for a correction with May contracts. Bull adjusts strategy on Finish Line (FINL) rally: The shoe retailer exploded higher on Friday, prompting one investor to make some adjustments in strategy. -- Reported by David Russell of OptionMonster in New York.