Tech giant Amazon (AMZN) is up 50% over the past year, returning about double that of the S&P 500 index. One trader sees further gains in the months ahead. That’s based on the April $320 calls. With 97 days until expiration, 14,453 contracts traded compared to a prior open interest of 146, for a 99-fold rise in volume on the trade. The buyer of the calls paid $0.29 to make the bullish bet. Amazon shares recently traded for about $220, so the stock would need to gain about $100, or 45%, in just over three months. With shares still close to their 52-week highs of $233, such a move ...

Regional airliner Alaska Air Group (ALK) had a massive return in 2024, with shares rallying over 70%. One trader sees a pullback in the weeks ahead. That’s based on the February $57.50 puts. With 43 days until expiration, 14,825 contracts traded compared to a prior open interest of 145, for a massive 102-fold rise in volume on the trade. The buyer of the puts paid $0.88 to make the bearish bet. Alaska Air Group shares recently traded for about $65.50, so shares would need to drop by about $7, or just over 12% for the option to move in-the-money. Shares recently hit a 52-week high of ...

Bitcoin mining operator CleanSpark (CLSK) is up 11% over the past year, far underperforming the return of bitcoin itself, which more than doubled. One trader sees CLSK staging a rally in the coming weeks. That’s based on the January 31 $17.50 calls. With 23 days until expiration, 5,359 contracts traded compared to a prior open interest of 110, for a 49-fold rise in volume on the trade. The buyer of the calls paid $0.17 to make the bullish bet. CleanSpark shares recently traded near $11.50, so the stock would need to rally by $6, or over 52%, for the option to move in-the-money. The m...

Steel producer U.S. Steel (X) fell 5% last week after President Biden refused to allow the company’s sale. Over the past year, shares are now down over 33%. One trader sees a short-term rebound following the selloff. That’s based on the April $40 calls. With 100 days until expiration, 21,059 contracts traded compared to a prior open interest of 333, for a 63-fold rise in volume on the trade. The buyer of the calls paid $1.28 to make the bullish bet. U.S. Steel shares got knocked down to just under $31 on the news, so shares would need to rally by $9, or about 29%, for the option to m...

Drug manufacturer AstraZeneca (AZN) is down 30% from its peak last summer, and shares are now down on a 12-month basis. One trader sees a potential bounce higher in the weeks ahead. That’s based on the March 21 $72.50 calls. With 73 days until expiration, 5,037 contracts traded compared to a prior open interest of 116, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.92 to make the bullish bet. AstraZeneca shares recently traded for about $66, so the stock would need to rise by about $6.50, or just under 10%, for the option to move in-the-money. Shares have s...

Casino and resort operator Las Vegas Sands (LVS) gained a scant 4% in 2024, with shares mostly dropping 20% into the summer and then recovering. One trader sees shares breaking higher in the coming weeks. That’s based on the February $57.50 calls. With 49 days until expiration, 20,232 contracts traded compared to a prior open interest of 366, for a 55-fold rise in volume on the trade. The buyer of the calls paid $0.65 to make the bullish bet. Las Vegas Sands shares recently traded for about $51, so shares would need to rally by $6.50, or about 12.8%, for the option to move in-the-mon...

Airplane manufacturer Boeing (BA) lost 32% in 2024, following a struggling attempt to turn around. One trader sees a continued downtrend in the coming weeks. That’s based on the January 31 $150 puts. With 29 days until expiration, 4,040 contracts traded compared to a prior open interest of 107, for a 38-fold rise in volume on the trade. The buyer of the puts paid $0.89 to make the bearish bet. Boeing shares recently traded for about $178, meaning the stock would need to drop by $38, or over 15%, for the option to move in-the-money. The $150 strike price is still well over the stock’s...

Medical product supplier Avantor (AVTR) is down 7% over the past year, with shares seeing some big rallies and pullbacks. One trader is betting the next rally will occur over the months ahead. That’s based on the May 2025 $26 calls. With 134 days until expiration, 2,978 contracts traded compared to a prior open interest of 103, for a 29-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Avantor shares recently traded for about $21.50, so the stock would need to rise by $4.50, or about 21%, for the option to move in-the-money. That’s well with...

Fitness technology company Peloton Interactive (PTON) is up over 60% in the past year, more than double the return of the S&P 500. One trader sees shares making further gains in the weeks ahead. That’s based on the February $10 calls. With 52 days until expiration, 5,021 contracts traded compared to a prior open interest of 106, for a massive 47-fold rise in volume on the trade. The buyer of the calls paid $1.30 to make the bullish bet. Peloton shares recently traded for about $9.50, so shares would need to rise by $0.50, or 5.2%, for the option to move in-the-money. Peloton has ...

Energy storage developer Eos Energy Enterprises (EOSE) is up 295% over the past year, on the back of increasing demand for stable energy solutions to power AI platforms. One trader sees the stock pulling back in 2025. That’s based on the January 2026 $2.50 puts. With 382 days until expiration, 18,350 contracts traded compared to a prior open interest of 612, for a 30-fold rise in volume on the trade. The buyer of the puts paid $0.72 to make the bearish bet. Eos shares recently traded for just over $5, so shares would need to drop by just over 50% for the trade to move in-the-money. ...