Energy giantExxon Mobil (XOM) has been moving higher along with the price of oil in the past few months. At least one trader sees shares taking a breather from here. That’s based on the April $55 put options. The option expires in 52 days. Over 50,800 contracts traded against a prior open interest of 1,055, for a 48-fold jump in volume. The trade is slightly in-the-money as shares are currently going for about $54.50. The option trader paid about $3.40 for the option. Shares of the stock have rallied nearly 80 percent since October when they neared $30. That’s a massive move for any ...

Copper giantFreeport McMoRan (FCX) has been on a tear, and one trader sees shares continuing to move even higher in the next few months. That’s based on the May $42 calls. Expiring in 88 days, over 3,250 contracts traded recently, a 20-fold rise in volume from the prior open interest of 163. Shares would need to rise another 13.5 percent for the option to move in-the-money before expiration. The trader paid about $2.41 to make the trade. Freeport shares jumped over 7.4 percent on Friday, and the stock is near a multi-year high on a strong uptrend. Shares have traded as low as $5 over...

Social media giantFacebook (FB) has been trading in a range between $250 and $300 over the past few months. At least one trader sees a big selloff ahead. That’s based on the September $150 put options. Expiring in 210 days, shares would need to drop 47 percent for the trade to move in-the-money. Over 12,400 contracts traded, a 43-fold rise in volume over the prior open interest of 288. The trader paid about $1.54 for the options. With shares trading in a tight range, it’s possible that shares could break out of the range at some point in the next few months. However, trading range...

Tech giantApple (AAPL) can’t seem to catch a break. The company hit an all-time high in September, then had a large pullback. It re-tested that high in late January and shares are pulling back yet again. But at least one trader sees shares moving higher in the near future. That’s based on the March 26th $141 calls. Over 4,075 of the contracts traded against a prior open interest of 216, a 19-fold rise in volume. The trade expires in 36 days. The buyer paid about $1.78 for the contracts. Shares would need to jump about $10 per share higher from their current price near $130 to move in...

Gold prices have been lackluster lately, but some traders see a further potential move higher in the gold mining space. That’s based on the call option activity inYamana Gold (AUY). The trade? The $4.50 calls expiring in March, just 30 days away. Over 3,600 contracts traded against a prior open interest of 140, for a 26-fold rise in volume. The trade is about $0.20 in-the-money already, given the current share price near $4.70. The trader paid about $0.43 for the option. Following a pullback in shares along with the price of gold, this mining play is now up just 10 percent over th...

Expecting the semiconductor industry to take a breather after its big run? Think again. At least one trader sees a massive move higher. The August $80 call options onMarvell Technology Group (MRVL) tell the story. Over 9,200 contracts traded from a prior open interest of 307, a 30-fold rise in volume on the trade. The trade, expiring in 185 days, will move in-the-money if shares rally another 48 percent from their current price near $44. The call buyer paid about $1.97 to make the trade. Shares of the semiconductor company have been a gradual riser relative to other names in the s...

Media giantViacomCBS (VIAC) has been on a tear in recent months. After spiking as high as $60, however, at least one trader sees a pullback in the cards. That’s based on the June $55 put options. Over 4,300 contracts traded, a 39-fold rise over the prior open interest of 110. With 123 days until expiration, shares would need to decline about 5 percent for the trade to move in-the-money. The buyer paid about $6.80 for the option. The merger between Viacom and CBS occurred just over a year ago. From last year’s lows, shares are up nearly six-fold, for one of the best performing stocks ...

Uranium prices have been on the rise, and traders have been piling into related mining names. One such name,Denison Mines (DNN) has nearly doubled since the start of the month. One trader sees a massive surge higher. That’s based on the March $5 calls. With 35 days until expiration, and with shares around $1.15, shares would need to go up nearly five-fold for the trade to profit. Over 175,700 contracts traded, a 25-fold rise in volume from the prior open interest of 6,960. The buyer of the options paid $0.13. While a move higher is likely, even after the stock’s 50 percent rise in...

Cosmetics firmCoty (COTY) has been a poor performer during the pandemic, but shares have started moving up in recent months. Now, after flatlining for a few weeks, one trader sees shares moving higher. That’s based on the March 2021 $7.50 call. With 43 days until expiration, over 10,200 contracts traded against an open interest of 247, for a 41-fold rise in volume. The trader paid about $0.53 for each contract. With shares at $6.60, the $7.50 trade will move in-the-money if shares move about 14 percent higher in the next few weeks. Shares briefly broke higher at the start of February...

Social media giantTwitter (TWTR) saw a backlash last month over a number of banned accounts, including that of then-president Donald Trump. However, shares have started to move higher in the past few weeks, and one trader sees a continued rally ahead. That’s based on the March $85 call option. Expiring in 37 days, and with shares trading at $60, it’s an aggressive bet on shares continuing their current strong rally. Over 8,050 contracts traded against a prior open interest of 202, for a 40-fold rise in volume on the trade. The trader paid about $0.90 for the contracts, and the move a...