Shares of consumer apparel giantL Brands (LB) have been in a strong uptrend over the past six months. One trader sees the possibility of a further move higher in the coming days. That’s based on the July 9 $77 calls. Expiring in 10 days, over 3,820 contracts traded against an open interest of 125, for a 31-fold rise in volume. The buyer of the calls paid about $0.72 on average. Shares of L Brands last traded near $72, so shares would need to rise another $5 for the option to close in-the-money in the next few days. Shares hit a new 52-week high as this trade was made, but still trade...

Shares of mill and paper firmWeyerhaeuser (WY) have slid heavily in the past few weeks, coinciding with a massive drop in lumber prices after a massive expansion in the past year. One trader sees the potential for a return to the stock’s recent highs. That’s based on the March 2022 $40 calls. Expiring in 263 days, over 6,085 contracts traded against a prior open interest of 153 contracts, for a 40-fold rise in volume. The buyer of the option paid about $1.10 for the contracts. Shares currently trade around $34, having traded as high as $41 in the spring, so a move back to $40 is cert...

Shares of fintech firmSoFi Technologies (SOFI) have been trading in a narrow range since the company’s IPO via a special purpose acquisition company, or SPAC. One trader sees the potential for a move higher in the coming weeks and months. That’s based on a number of unusual options in the stock. The most interesting is the January $7.50 calls. With 210 days until expiration, over 8,300 contracts traded against an open interest of 228, for a 36-fold jump in volume. The buyer of the calls paid about $13.75. As shares trade near $21.50, they’re essentially paying no premium for the $7.5...

Shares of consumer tech giantApple (AAPL) have been trading in a range for the past few months, but is starting to move towards the higher end of its range. One trader sees the possibility for a breakout to new all-time highs for the company. That’s based on the July 30th $155 calls. With 36 days until expiration, over 14,520 contracts traded against a prior open interest of 260, for a 56-fold rise in volume. The buyer of the calls paid $0.26 for the contract. With shares around $134, they would need to rally nearly $20, or over 15 percent, in just over one month. It would also mean ...

Shares of energy giantDevon Energy Corporation (DVN) have seen shares rise steadily higher over the past year. One trader sees the potential for a further move higher. That’s based on a number of trades. The most interesting is the January $35 calls. With 212 days until expiration, over 22,580 contracts traded against a prior open interest of 271, for an 83-fold rise in volume. The buyer paid about $1.92 for the contracts. With shares trading around $28.50, the shares would need to rally another 23 percent in the next six months to move in-the-money. Shares are already near a 52-w...

Shares of casino operatorCaesar’s Entertainment (CZR) have been in an uptrend for the past few months, but have recently pulled back to the lower end of their trendline. One trader sees a continued move higher in the coming months. That’s based on the January 2022 $130 calls. Over 4,400 of the contracts traded against a prior open interest of 132, for a 33-fold rise in trading volume. With shares of the company around $100, it would take about a 30 percent move for this option trade to close in-the-money. The buyer of the call paid about $5.10. The overall move higher in Caesar’s ...

Shares of department store chainMacy’s (M) have been in a steady uptrend for the past several months. One trader sees a continuation of that trend in the months to come. That’s based on the November $21 calls. With 151 days left on the trade, over 25,500 contracts traded, a 33-fold rise from the prior open interest of 767 contracts. The buyer of the calls paid $1.80 on average for the contract. With shares last around $18, they would need to rise another $3, or another 17 percent higher to close in-the-money come November. Shares did spike as high as $22 back in January, so this opti...

Shares ofPetroleo Brasilerio (PBR), Brazil’s state-owned oil company, have been moving higher in recent sessions, following the price of oil higher. At least one trader sees that trend continuing. That’s based on the July 9 $13 calls. Expiring in 21 days, over 77,720 contracts traded against a prior open interest of 245, for a 317-fold explosion higher in interest. The buyer of the calls paid about $0.13 on average. With shares just under $12, it would take a return of about 10 percent in just three weeks for the option to trade in-the-money at expiration. Shares of the company ha...

Shares of chipmaking firmAdvanced Micro Devices (AMD) have been rangebound between $75 and $85 over the past few months. One trader sees a bigger move higher in the coming weeks. That’s based on the July 30 $95 calls. With 43 days until expiration, over 5,170 contracts traded against a prior open interest of 252, for a 21-fold rise in volume. The buyer of the calls paid $0.54. With shares last around $80, a rise of nearly 20 percent would be required to send the option trading in-the-money. That would also leave shares near their 52-week high of $99 per share. The company is set t...

Shares of chipmaking companyIntel (INTC) have been in a range over the past few months. One trader is betting on a move higher, and soon. That’s based on the July 2 $62.00 calls. With 16 days until expiration, over 58,560 contracts traded, a 264-fold rise in volume from the prior open interest of 223 contracts. The buyer of the calls paid about $0.27 for the contracts. With a recent share price near $58, shares would need to rise 7 percent for the trade to move in-the-money before expiration. That’s a bit of a stretch for Intel shares generally, although they have been rising steadil...