Chinese search giantBaidu (BIDU) has just completed a head and shoulders pattern, undoing its recent gains and now trades back at a five-month low. One trader now sees the potential for a bounce higher. That’s based on the July $185 calls. Over 10,197 contracts traded against a prior open interest of 299, for a 34-fold rise in volume. The buyer of the option which has two months to play out, paid about $13.50 for the contract. This is a slightly in-the-money trade, as shares recently traded around $186. That’s still far below a peak price of $354 that shares traded at in early Februa...

Casinos have been a hot gamble with investors over the past year. Pandemic-driven shutdowns led to a collapse in business. But speculation on reopening has been good for the space. One trader sees room for a further rally inLas Vegas Sands (LVS). That’s based on the August $60 calls. Expiring in 95 days, and with shares near $56, the trade would move in-the-money if shares rallied less than 10 percent higher from here. Over 22,700 contracts traded against an open interest of 145, for a 157-fold explosion in volume. The buyer of the contracts paid about $3.10. Shares have also trad...

While the pandemic lockdowns are all but over, at least one trader expects shares ofZoom Communications (ZM) to regain some of their recent decline. That’s based on the September $290 calls. Nearly 6,300 contracts traded against a prior open interest of 114, for a 55-fold jump in volume. The trade has 126 days to play out, and with shares right near $290, it’s an at-the-money trade. The buyer of the call paid about $36.15 to make the trade. With an at-the-money trade, the option should move dollar-for-dollar with a move higher in shares, less any declining time premium. Shares of Zoo...

Shares of office real estate investment trustVornado Realty Trust (VNO) are down over 50 percent from their peak price in 2015. While recovering from last year’s work-from-home trends, one trader sees a decline in shares in the coming months. That’s based on the September $40 puts. With 127 days until expiration, over 10,535 contracts traded against a prior open interest of 175, for a 60-fold rise in volume. With shares around $46, the option would move in-the-money on a 15 percent decline. The buyer of the puts paid about $1.78. Vornado has a focus on office space in New York Cit...

Shares of semiconductor companyMicron Technology (MU) have been caught up in the recent tech selloff. One trader sees the potential for a bounce higher in the near future. That’s based on the August $82.50 calls. Over 12,730 contracts traded, a 35-fold rise in volume from the prior open interest of 360 contracts. The buyer of the option paid $6.25 to make the trade, which expires in 100 days. With shares of Micron selling off to around $80, the option will move in-the-money if shares move about 3 percent higher. Given the stock’s daily volatility, that’s a likely move at some point i...

Big data firmPalantir Technologies (PLTR) has lost half its value from a speculative peak earlier in the year. One trader sees a rebound in the coming weeks. That’s based on the June 11 $24.50 calls. Expiring in 31 days, over 3,900 contracts traded against an open interest of 201, for a 19-fold rise in volume. With shares trading around $20 in recent sessions, the option would move in-the-money on a 20 percent move higher in shares. The buyer of the call paid about $0.45 to make the trade. Even with the slide in shares in the past few months, the company is up 111 percent since its I...

Oil and gas exploration companyDevon Energy (DVN) has been in a strong uptrend the past few months as oil prices have trended higher. One trader sees a further rally in the months ahead. That’s based on the October $30 calls. Over 12,325 contracts recently traded against an open interest of 481, for a 26-fold rise in volume. Expiring in 158 days, and with shares near $25, it would take another 20 percent rally in shares for the option to move in-the-money. The buyer of the option paid $1.44 to make the trade on average. One year ago, oil prices went negative as traders found thems...

Shares ofPeloton Interactive (PTON) dropped on Tuesday following news of a voluntary recall for the company’s treadmill products. At least one trader sees a recovery in shares in the upcoming months. That’s based on the September $95 calls. Over 6,270 contracts traded against an open interest of 101, for a 62-fold rise in volume. The option has 133 days until expiration. The buyer of the calls paid about $8.50 to make the trade. Shares slid double-digits to under $83 on the recall news. A move back to $95 represents about a 15 percent move higher in shares from here. The price of sha...

Shares ofDelta Air Lines (DAL) have been trading in a range between $44 and $52 over the past few months. One trader sees the potential for a move higher as the economy continues to reopen. That’s based on the August $48 calls. With 106 days until expiration, over 10,255 contracts traded, a 39-fold rise in volume from the prior open interest of 264. The buyer of the option paid about $2.27 to make the trade. With shares of Delta near $45, it would take less than a 10 percent rally for the options to move in-the-money. Shares are up over 120 percent in the past year, on rising airline...

Shares of plant-based protein alternativeBeyond Meat (BYND) have been in a downtrend. At least one trader sees the company turning around as it reports earnings later this week. That’s based on the May 14th $150 call options. With 9 days until expiration, over 2,840 contracts traded against a prior open interest of 108, for a 26-fold rise in volume. The buyer of the option paid about $0.86 to make the trade. Shares of the company trade around $126. In order for the option to expire in-the-money, shares will need to rally about 19 percent more from here. That’s a bit of a stretch, eve...