Streaming giantNetflix (NFLX) has had a big increase in competition in the past two years. But that hasn’t stopped one trader from making a hugely bullish bet on the company. That’s based on the June 2022 $950 calls. That strike price is about 85 percent higher than where shares currently trade. The buyer paid about $8.10 for the contract, which expires in more than 450 days. Over 6,000 contracts traded, a 39-fold jump from the open interest of 154. Netflix has seen a 42 percent rise in the past year, actually underperforming the S&P 500. Revenue growth is solid at 22 percent, an...

Brazilian financial software companyPagSeguro Digital (PAGS) has been active this year. Shares started the year with a selloff, then a rally, then another selloff. One trader sees the current selloff ending with a rally ahead. That’s based on multiple call options with unusual activity. The September $55 call, however, had the most activity. Over 18,660 contracts traded, an 83-fold rise in volume to the open interest of 224. The trade, expiring in 179 days, would require shares to move about $8 higher from their current price of $47, or about 17 percent. In the past year, shares have...

Churchill Capital IV (CCIV) is a special purpose acquisition company. Shares have sold off in recent weeks, but one trader sees a move higher in shares. That’s based on the October $45 calls. With 210 days until expiration, over 1,400 contracts traded, an 111-fold rise in volume from the prior open interest near 133. Shares are currently near $30, so they would need to rise just over 50 percent for this trade to move in-the-money. The buyer paid about $6.20 for the call options. Shares of Churchill did trade near the $45 mark in February, as the company announced a plan to purchase el...

Commodities have been trending strong lately. It’s no surprise that traders still see some upside in uranium. One trader sees a move higher inCameco (CCJ). That’s based on the April $24 call option. Expiring in 29 days, the trader paid $0.30 to buy over 28,500 contracts. That’s a 214-fold rise in volume from the prior open interest of 133. With shares near $19, it would take a further 26 percent rally for the option to move in-the-money. Shares of Cameco have nearly quadrupled off their pandemic lows, and nearly doubled since early December. The company has had mixed profitability ov...

Energy giantMarathon Oil (MRO) has had strong performance on rebounding oil prices in recent months. But one trader sees an end to the party. That’s based on the July $15 puts. With 121 days until expiration, 5,055 contracts traded against a prior open interest of 111, for a 45-fold rise in volume. With shares around $12, the option is already $3 in-the-money. The trader paid $3.90 for the contracts on average, or about only $0.90 in time premium. Marathon shares have nearly tripled since early November, in spite of the company seeing its revenue slide by one-third in a year and w...

Shares ofAmerican Airlines (AAL) have roughly doubled since the announcement of a Covid vaccine in early November. One trader sees a further move higher in the next month. That’s based on the April $29 calls. With 31 days until expiration, over 24,200 contracts traded, a 33-fold rise in volume from the prior open interest of 724. The option buyer paid about $0.62 for the contract. With a share price near $23.50, shares would need to rally another 23 percent in the next month to move in-the-money. That’s a steep move, and this option expires just before the company next reports ear...

Lodging platform appAirbnb (ABNB) has been trending up since it first went public late last year. Following better than expected earnings, shares have been trending higher. One trader sees a further move ahead. That’s based on the June $210 calls. With 94 days until expiration, over 9,200 contracts traded, a 49-fold rise in volume from the prior open interest of 187. The buyer paid about $24.50 for the calls. Shares are just around $200, so they would need to rally just over 5 percent from here to move in-the-money. But shares would need to rally strongly to about $235 to make a prof...

Sports gambling firmDraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. The option buyer paid about $6.35 for the trade. Online sports gambling is a relatively new industry, but one with soaring revenues and potential. DraftKings is a leading ...

Graphics processing firmNvidia (NVDA) is a major player in the semiconductor space. The recent shortage hasn’t been enough to keep shares from declining. But one trader sees a big move ahead. That’s based on the May $480 calls. Over 8,500 contracts recently traded, a 56-fold rise in volume from the prior open interest of 153. The trade expires in 70 days, and with shares around $500, the calls are about $20 in-the-money. The trader paid about $50.00, or $5,000 per contract, on average. The company has seen massive demand in the past year, with earnings up 53 percent and revenue up...

Shares ofZillow (Z), the real estate aggregation website has been a top winner in the past few years. One trader sees the potential for a bear market in shares. That’s based on the January 2023 $80 puts. With over 680 days until expiration, over 15,000 contracts traded against a prior open interest of 226, a 66-fold jump in volume. At a current price near $125, shares would need to shed nearly one-third for this option to move in-the-money. The trader paid about $16 for each contract on average. Shares of Zillow hit a low of $20 during last year’s market meltdown, only to rise 10-...