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) -- Bearish trade on Atmel (ATML): The chip stock has been clinging to the $5 level for the last month, and now one bear is looking to take it down a notch.

JetBlue (JBLU) attracts bullish call buying: The discount carrier sees upside option activity after announcing a new partnership with American Airlines for international flight connections at key East Coast hubs.

Stillwater Mining (SWC) draws calendar spread: The mining company is up 39 percent this year, and one investor is positioning for it to keep pushing higher.

Bear sees well running dry for Suncor Energy (SU): The energy company is fighting against a potential resistance level, and one trader apparently doesn't think that it will make it.

Traders see Ford (F) running out of gas: The automaker has been ripping higher for more than a year, but is it finally at the end of the road? Option activity suggests that it might be.

Long-term bullish bet on Coca-Cola (KO): The beverage giant has not traded above $60 in almost a year, but at least one trader apparently expects it to come close by the end of 2010.

Wednesday Pre-Market:

Call buyers charging into Seagate Technology (STX): The data-storage maker lit up our screens with upside call activity yesterday as the stock hovered just above its 100-day average.

Trader thinks Netflix (NFLX) is hitting a top: The movie-rental company pushed to a new all-time high yesterday, and at least one trader apparently believes that the stock is topping out.

Unusual call buying at small drug firm: Celsion ( CLSN) drew highly unusual option activity yesterday as traders bet that shares of the oncology drug developer will spike by this fall.

Strategy shows confidence in Danaher (DHR): Tthe maker of specialized industrial products gapped higher on a bullish earnings forecast yesterday, prompting one trader to sell puts.

Volatility seller targets Mindray Medical (MR), Longtop Financial (LFT): The trades yesterday may have been executed by a single investor with a long position in options on other Chinese assets.

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