Shares of casino giantLas Vegas Sands (LVS) have largely traded in a range from the high $50s to the mid $60s in the past few months. One trader sees shares moving to the higher end of their range (or better) in the coming month. That’s based on the June 4th $63 calls. Over 29,360 contracts traded against a prior open interest of 318, for a 92-fold jump in volume. The option expires in just over 1 month. The buyer of the option paid about $2.00 for the contract. With shares just over $61, they’d need to rally another $2 to close in-the-money next month. The casino operator saw lar...

Shares of cybersecurity companyFireEye (FEYE) had a slight selloff following their earnings last week. One trader is betting on a rebound in the coming weeks. That’s based on the May 21st $19 calls. Expiring in 18 days, over 8,396 contracts traded hands compared to the prior open interest of 195, for a 43-fold rise in volume. The buyer of the calls paid about $1.54 on average. With shares around $20, the $19 calls are already $1.00 in-the-money. They should move higher as shares do, less any decline for the small time premium. Shares of FireEye have spiked as high as $25 in the pa...

Credit card processing companyVisa (V) hit an all-time high following a strong earnings report. One trader sees the trend continuing in the next few months. That’s based on the August $240 calls. With 112 days until expiration, over 15,890 contracts traded against a prior open interest of 593, for a 27-fold surge in volume. With shares near $234, the options will move in-the-money on another 2.5 percent move higher in shares. The trader of the option paid about $8.85 to make the trade. Visa shares are up about 29 percent in the past year, lagging the S&P 500. A drop in spendin...

Computing giantHP Inc (HPQ) has seen its shares move steadily higher over the past few months, with only minimal pullbacks along the way. One trader is betting the trend will continue. That’s based on the September $38 calls. Expiring in 141 days, over 3,140 contracts traded against an open interest of 141, for a 22-fold rise in volume. The buyer paid about $1.30 to get into the trade. With a current share price near $34.50, shares would need to rally about 10 percent for the option trade to move in-the-money. Even with a 110 percent rally in shares in the past year, the company look...

Shares of megabankBank of America (BAC) have not only recovered from the drop last year, but have moved to new highs. One trader sees that trend continuing strong in the next month. That’s based on the May 28th $41 calls. Expiring in 30 days, over 12,350 contracts traded against a prior open interest of 580, for a 21-fold rise in volume. The trader paid about $0.60 to make the trade. With shares around $39.50, the option will move in-the-money on a further $1.50 rally in shares, or about 3.7 percent. Even with the bank’s 64 percent rise over the past year, shares till look reasona...

Shares of software database companyOracle (ORCL) have recently dropped slightly from all-time highs around $80 per share. One trader sees shares rebounding in the coming months. That’s based on the December $80 calls. With 235 days until expiration, over 2,290 contracts traded, an 18-fold rise in volume from the prior open interest of 130. The buyer of the option paid about $4.00 for the contract. With shares around $75, the option would move in-the-money on less than a 10 percent rally in shares. That would also put shares back at their all-time high. The company has had a strong...

Shares of chip giantMicron (MU) are still near their all-time highs, but sold off strongly on Thursday on reports of higher potential tax rates. One trader sees a clear rebound in the coming weeks. That’s based on the May $96 call options. With 26 days until expiration, over 12,321 contracts traded, a 108-fold jump in volume from the prior open interest of 112. The buyer of the calls paid about $0.62 to make the trade. With shares around $85, a 12 percent move higher would be needed for this trade to move in-the-money. Shares of Micron are up about 92 percent in the past year, and...

Shares of Korean telecom firmKT Corporation (KT) are up over 25 percent since early February. One trader sees a potential move higher in the coming months. That’s based on the October $15 calls. Over 7,440 contracts traded against a prior open interest of 188, for a 39-fold rise in volume. Expiring in 176 days, the contract would move in the money if shares rose another $2 from their current price, or about 15 percent. The option buyer paid about $0.60 for the contract. Shares of the company are at a 52-week high, nearly double off their 5-year low set in early 2020. The longer-term ...

Shares of cosmetics companyCoty (COTY) have nearly tripled since November, on expectations that a reopening economy will be good for cosmetics sales. One trader sees the potential for a move even higher. That’s based on the November $12 calls. Expiring in 211 days, over 9,100 contacts traded, an 81-fold rise in volume from the prior open interest of 112. The buyer of the options paid about $0.72 to make the trade. With shares around $8.60, shares will need to rise about 40 percent higher in order for the option to close with any value at expiration. With shares up about 60 percent...

After an explosive move higher in the past year, a share split, and its inclusion in the S&P 500, shares ofTesla Motors (TSLA) have been trending sideways in recent months. One trader sees a rally resuming. That’s based on the January 2022 $1,030 calls. With 275 days until expiration, 25,000 contracts traded against a prior open interest of 222, for a 112-fold jump in volume. The option buyer paid about $81.40, or $8,140 for a full contract. With shares around $715, Tesla shares would need to rally 44 percent for the option to be worth anything at expiration, and closer to $1,100...