Big data giantPalantir (PLTR) recently saw shares surge from the mid-$20 range to the mid-$30 range as retail investors drove shares higher. At least one trader sees the move as played out. That’s based on the March 2021 $33 puts. Over 32,980 contracts traded against a prior open interest of 478, making for a 77-fold rise in volume. The trade expires in 52 days, and is close to where shares traded on Monday. The buyer of the contracts paid about $6.88 for the trade on average. Palantir isn’t a heavily shorted company, but has been a popular name on retail investing chatrooms. Its ...

AutomakerFord (F) has seen shares rally over 30 percent since the start of the year, from $8.50 to $11.50. One trader sees the move as too much, too quick. That’s based on the September 2021 $10 puts. Over 10,020 contracts traded, a 20-fold rise in volume from the prior open interest near 500. With shares at about $11.50, it implies a drop of nearly 15 percent for the trade to move in-the-money. The trader paid about $1.22 for the option. Shares of the carmaker are up about 28 percent over the past year. While the company reported a narrow loss in the most recent quarter, auto sales ...

Shares of social media behemothFacebook (FB) have rallied modestly in the past few days as the backlash against social media firms has started to recede. At least one trader sees shares heading fundamentally higher. That’s based on the June 2022 $320 calls. Over 9,400 contracts traded against a prior open interest of 193, for a 49-fold rise in volume. The option expires in 511 days. Shares trade near $272, and would need to rally about 17 percent for this trade to move in-the-money. The buyer paid about $32.80 for the calls. Facebook is an advertising giant, and has managed to gro...

Shares of telecom companyVerizon (VZ) have been in a downtrend in recent weeks. However, one trader sees shares bouncing higher in the next month. That’s based on the February $57 calls. Over 21,050 contracts traded, a 152-fold rise in volume from the prior open interest of 138. With 29 days to expire, the trade is right at-the-money, as shares recently dipped under $57. The option buyer paid $1.24 on average. Shares of the telecom are down about 5 percent over the past year, as revenues have slightly declined and earnings have also dropped as well. However, the company is still prof...

Shares of beverage giantCoca Cola (KO) have been in a downtrend in recent weeks. At least one trader sees a potential for a further long-term decline. That’s based on the January 2023 $42.50 puts. Expiring in 730 days, the trade will move in-the-money if shares drop about 15 percent from their current price near $48.50. The trader paid about $4.33 on average to get into the trade. Traditionally seen as a defensive play in weak markets, Coca Cola has seen its revenue drop nearly 10 percent and earnings drop by one third in the past year, as sales at restaurants have collapsed. Shares ...

Shares ofEnphase Energy (ENPH) have tripled since August. At least one trader sees room for shares to nearly double again in the coming months. That’s based on the May 21st $320 calls. Over 7,690 contracts traded against a prior open interest of 111, for a 69-fold gain in volume. Expiring in 122 days, shares would need to rise 67 percent from their current price near $190 to move in-the-money. The trader paid about $10.95 for the options. Over the past year, shares have ranged from a price near $22 to $220, a ten-fold swing in price. The solar energy company develops, designs and ...

Shares ofBank of America (BAC) had a relatively slow day, as other large banks reported their earnings. But at least one trader sees shares heading higher when BAC reports earnings next week. That’s based on the February 5th $37.50 calls. With share around $33, it would require shares to pop nearly 10 percent to move in-the-money. But the trader paid just 13 cents on average for the trade, so it could be good for a big rally, even if it ends up worthless at expiration. The trade, expiring in 18 days, saw over 12,500 contracts trade, an 82-fold rise on volume from the prior open inter...

Shares of electric vehicle manufacturerNio Limited (NIO) saw a modest decline. With shares still in an uptrend and near all-time highs, it’s no surprise that at least one trader sees a move higher. That’s based on the activity in the December 2022 $100 calls. With 700 days until expiration, the option would require shares to move nearly $40 higher from their current price near $60. Over 4,900 contracts traded, a 35-fold rise in volume from the prior open interest of 139. The buyer of the option paid $21.75, or $2,175 per contract. Shares of the company are already up tenfold from ...

Shares of big-box retailerTarget Corporation (TGT) have rallied in the prior weeks. Yesterday, the company reported a strong holiday season with double-digit same-store sales. One trader sees shares moving even higher. That’s based on the July 2021 $230 call options. With shares around $197, it would mean a further 17 percent rally in shares in the next 183 days. Over 2,100 contracts traded against a prior open interest of 147, for a 20-fold rise in volume. The option buyer paid about $5.85 for each of the options. Shares of the stock have more than doubled off their March lows al...

Shares of vehicle manufacturerGeneral Motors (GM) surged higher on Tuesday following the announcement of electric delivery vehicles. At least one trader sees shares moving higher. That’s based on the January 29th $55 calls. With 16 days until expiration and with shares at $48, the trader is betting on shares moving 10 percent higher this month on the news. Over 13,150 contracts traded against a prior open interest of 205, for a 64-fold increase in volume on the trade. The trader paid about $0.72 for the options. Shares of General Motors have been in an uptrend for the past few months...