By David Russell of optionMonsterNEW 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.
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