By David Russell of optionMonster

NEW YORK ( TheStreet) -- Below is a compilation of some important stories that ran Wednesday on optionMONSTER.com. optionMONSTER was co-founded by Deep in the Money Calls author Pete Najarian and uses advanced monitoring systems to detect trading patterns by large institutional traders and retail investors.

Put seller pins hopes on McDermott ( MDR - Get Report): The construction and engineering company is rebounding after last week's selloff, prompting one trader to place a leveraged bet on the stock.

Gold near long-term bullish target: As everyone has picked up on the gold theme, it seems time to revisit the weekly chart of the SPDR Gold Trust ( GLD - Get Report) for a pattern detected in October.

Alcoa ( AA) draws long-term put trade: Traders have been taking advantage of the market's higher volatility by selling longer-dated options, as we are seeing in the aluminum giant today.

Bulls bet on Louisiana Pacific ( LPX): The lumber company on Monday reported a narrower loss from a year ago and said prices were improving as home construction recovers and as dealers rebuild inventories.

Gold bugs take profits in ETF: The precious metal has been ripping higher amid worries about European sovereign debt, but now some traders selling calls in the GLD exchange-traded fund.

Lennar ( LEN) attracts large put trade: The puts are topping the options volume in the homebuilder even as shares erased losses from last week.

Wednesday Pre-Market:

Bulls stampede into gold miners: Call activity is surging in producers such as Barrick Gold ( ABX), Newmont Mining ( NEM - Get Report), Yamana Gold ( AUY - Get Report), and Goldcorp ( GG), which are up each up 4 percent to 7 percent.

Mindray ( MR - Get Report) faces range-bound trades: The Chinese medical-device manufacturer plunged on a weak revenue number yesterday, and now traders expect it to stop moving.

Sellers targeting Vimpel ( symbol) after rally: The Russian telecom is attempting to rally after a steady decline over several weeks, but some investors have other ideas.