Modular nuclear reactor designer and manufacturer NuScale Power (SMR) is up 210% over the past year. One trader sees shares pulling back in the weeks ahead. That’s based on the June 20 $18 puts. The options have 35 days until expiration, and 8,319 contracts just traded compared to a prior open interest of 203, for a 41-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. NuScale Power shares recently traded near $23, and are up nearly 40% in the past week as tech stocks have surged and on strong earnings. Shares aren’t quite back to their 52-...

Oil and gas services company NextDecade Corporation (NEXT) are up about 25% in the past month on the back of earnings and a memoranda of understanding with Aramco. One trader sees shares trending higher in the weeks ahead. That’s based on the June $9 calls. With 36 days until expiration, 5,800 contracts traded compared to a prior open interest of 101, for a 57-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. NextDecade shares recently traded for about $8.40, meaning the trade is at-the-money. The strike price of the option is right under th...

E-commerce pet retailer Chewy (CHWY) has soared 134% over the past year, as revenues have grown. One trader sees further gains over the coming weeks. That’s based on the June 6 $40 calls. With 23 days until expiration, 8,974 contracts traded compared to a prior open interest of 107, for an 84-fold rise in volume on the trade. The buyer of the calls paid $1.50 to make the bullish bet. Chewy shares recently traded for just under $40, making this an at-the-money trade. The strike price of the option is right at Chewy’s 52-week high of $40.38. Operationally, Chewy has had a mixed year...

Oil and gas exploration and production giant BP (BP) has traded down 24% over the past year, as energy prices have remained lackluster. One trader sees shares trending higher by the end of the month. That’s based on the May 30 $31 calls. With 17 days until expiration, 27,223 contracts traded compared to a prior open interest of 237, for a 115-fold rise in volume on the trade. The buyer of the calls paid $0.38 to make the bullish bet. BP shares recently traded right around $30, so shares would need to rally by $1, or about 3.3%. BP shares hit a 52-week low of $25.22 in April, and have...

Exercise equipment manufacturer Peloton (PTON) is up 65% over the past year, but shares have been pulling back with the rest of the market. One trader sees shares breaking lower by the end of next year. That’s based on the January 2027 $3 puts. 11,570 contracts traded compared to a prior open interest of 237, for a 49-fold rise in volume on the trade. The buyer of the puts paid $0.42 to make the bullish bet, which expires in 613 days. Peloton shares currently trade for about $6.50. Shares would need to lose more than 50% of their value for the option to move in-the-money. Given that ...

Retailer Target (TGT) has taken a 40% dive in the past year, amid rising consumer uncertainty and higher tariff rates on imported manufactured goods. One trader sees shares trending higher by the end of next year. That’s based on the January 2027 $85 calls. With 616 days until expiration, 9,500 contracts traded compared to a prior open interest of 340, for a 28-fold rise in volume on the trade. The buyer of the calls paid $23.00 to make the bullish bet. Target shares recently traded for about $96, meaning the $85 calls are already $11 in-the-money. The strike price of the option is j...

Telehealth platform Hims & Hers Health (HIMS) just reported a massive earnings beat, with shares up 20% on the news. One trader thinks that the stock has run too far, too fast. That’s based on the June $45 puts. With 43 days until expiration, 7,000 contracts traded compared to a prior open interest of 121, for a 58-fold rise in volume on the trade. The buyer of the puts paid $5.15 to make the bearish bet. HIMS shares soared to about $50 on the earnings beat, so shares would need to pull back 10%, or $5, to move in-the-money. The stock has been volatile over the past year, peak...

Oil and gas pipeline play Enterprise Products Partners (EPD) is up 7% over the past year, but has given up gains in recent weeks amid the market selloff. One trader sees more upside by year-end. That’s based on the December 2025 $36 calls. With 226 days until expiration, 6,000 contracts traded compared to a prior open interest of 184, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. Enterprise recently traded for about $30, so shares would need to rally by $6, or 20%, for the options to move in-the-money. The strike price of the op...

Quantum computing developer Rigetti Computing (RGTI) is up a massive 550% over the past year amid strong investor interest. One trader is betting on a pullback in the second half of the year. That’s based on the January 2026 $9 puts. With 255 days until expiration, 7,304 contracts traded compared to a prior open interest of 172, for a 42-fold rise in volume on the trade. The buyer of the puts paid $2.60 to make the bearish bet. Rigetti Computing shares recently traded for about $10.50, so shares would need to decline by about $1.50, or nearly 15%, for the options to move in-the-money...

Bitcoin holding company Strategy (MSTR) is up 237% over the past year, far exceeding the overall stock market’s return. One trader sees further upside in the coming weeks as bitcoin potentially makes another run at $100,000. That’s based on the June 20 $390 calls. With 46 days until expiration, 62,889 contracts traded compared to a prior open interest of 1,262, for a 50-fold rise in volume on the trade. The buyer of the calls paid $41.50 to make the bullish bet. Strategy shares last traded near $390, making this an at-the-money trade. Shares are well of their 52-week high of $543, bu...