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Unusual Options Activity: Boston Scientific (BSX)

Unusual Options Activity: Boston Scientific (BSX)

Medical device manufacturerBoston Scientific (BSX) is up 60% over the past year, on the back of increased interest in new technologies. One trader sees further upside going into the new year. That’s based on the January 2025 $100 calls. With 35 days until expiration, 13,942 contracts traded compared to a prior open interest of 107, for a massive 130-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. Boston Scientific shares recently traded for about $90.50, so the stock would need to rise by $9.50, or about 10.5%, for the option to move in-th...
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Unusual Options Activity: PayPal Holdings (PYPL)

Unusual Options Activity: PayPal Holdings (PYPL)

Digital payment platformPayPal Holdings (PYPL) is up 52% over the past year, far outperforming the overall market. One trader sees shares trending higher through the spring. That’s based on the March 2025 $130 calls. With 99 days until expiration, 10,194 contracts traded compared to a prior open interest of 343, for a 30-fold rise in volume on the trade. The buyer of the calls paid $0.47 to make the bullish bet. PayPal shares recently traded for about $89, meaning shares would need to rally by $41, or 46%, for the option to move in-the-money. It would also mean shares rocketing past ...
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Unusual Options Activity: eBay (EBAY)

Unusual Options Activity: eBay (EBAY)

Online auction platform eBay (EBAY) is up 52% over the past year, far outperforming the overall market. One trader sees shares continuing higher into the spring. That’s based on the March 2025 $70 calls. With 100 days until expiration, 4,414 contracts traded compared to a prior open interest of 109, for a 41-fold rise in volume on the trade. The buyer of the calls paid $2.55 to make the bullish bet. eBay shares recently traded for about $65.50, so the stock would need to rise by $4.50, or about 7%, for the option to move in-the-money. The strike price of the option is just over the s...
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Unusual Options Activity: Pfizer (PFE)

Unusual Options Activity: Pfizer (PFE)

Pharmaceutical manufacturerPfizer (PFE) is down 11% over the past year on concerns of a slowing drug pipeline. One trader sees shares continuing that trend lower in the coming weeks. That’s based on the January 10, 2025 $24 puts. With 31 days until expiration, 22,448 contracts traded compared to a prior open interest of 133, for a 169-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Pfizer shares recently traded for about $25.75, meaning shares would need to decline by about $1.75, or nearly 7%, for the option to move in-the-money. The strik...
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Unusual Options Activity: SentinelOne (S)

Unusual Options Activity: SentinelOne (S)

Cybersecurity firmSentinelOne (S) is up 10% over the past year, and shares just dropped over 10% last week due to underwhelming guidance. One trader sees shares bouncing higher over the next few months. That’s based on the March 21, 2025 $31 calls. With 102 days until expiration, 6,265 contracts traded compared to a prior open interest of 172, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.00 to make the bullish bet. SentinelOne shares recently traded for about $25, so the stock would need to rally by $6, or about 24%, for the option to move in-the-money. T...
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Unusual Options Activity: Marvell Technology (MRVL)

Unusual Options Activity: Marvell Technology (MRVL)

ChipmakerMarvell Technology (MRVL) soared nearly 25% on Wednesday following boosted guidance for its fourth quarter. One trader is betting shares rallied too far, too fast, and will trend lower in the coming months. That’s based on the March 21, 2025 $110 puts. With 105 days until expiration, 4,221 contracts traded compared to a prior open interest of 119, for a 35-fold rise in volume on the trade. The buyer of the puts paid $6.95 to make the bearish bet. Marvell shares recently traded for about $119, a 52-week high, so the stock would need to drop by $9, or about 8%, for the option ...
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Unusual Options Activity: Microchip Technology Incorporated (MCHP)

Unusual Options Activity: Microchip Technology Incorporated (MCHP)

Semiconductor manufacturerMicrochip Technology Incorporated (MCHP) is down 20% over the past year, with shares trending lower since May. One trader sees a rebound in the months ahead. That’s based on the February 21, 2025 $75 calls. With 78 days until expiration, 10,020 contracts traded compared to a prior open interest of 108, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.80 to make the bullish bet. Microchip Technology last traded for just over $65 per share, so the stock would need to rally by about $10, or just over 15%, for the option to move in-the-m...
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Unusual Options Activity: Wix.com LTD (WIX)

Unusual Options Activity: Wix.com LTD (WIX)

Cloud-based software providerWix.com LTD (WIX) is up 111% over the past year. One trader sees the trend continuing higher into the second quarter of 2025. That’s based on the April 17 $260 calls. With 133 days until expiration, 5,365 contracts traded compared to a prior open interest of 117, for a 46-fold rise in volume on the trade. The buyer of the calls paid $8.35 to make the bullish bet. Wix shares recently traded for about $220, so the stock would need to rise by $40, or 18.2%, for the option to move in-the-money. It would also mean shares break past their 52-week high of $225.5...
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Unusual Options Activity: Newmont Mining (NEM)

Unusual Options Activity: Newmont Mining (NEM)

Gold exploration and production companyNewmont Mining (NEM) is up just 2% over the past year, far lagging gold’s soaring returns of over 27%. One trader sees shares trending higher in the coming days. That’s based on the December 20 $47 calls. With 17 days until expiration, 3,013 contracts traded compared to a prior open interest of 146, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.11 to make the bullish bet. Newmont shares recently traded for about $42, meaning the stock would need to rally by $5, or about 12%, in just under 3 weeks. That strike price is...
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Unusual Options Activity: Roblox (RBLX)

Unusual Options Activity: Roblox (RBLX)

Metaverse and gaming platformRoblox (RBLX) is up 26% over the past year, slightly underperforming the overall stock market. One trader sees shares trending higher into next year. That’s based on the February 21, 2025 $62.50 calls. With 81 days until expiration, 5,951 contracts traded compared to a prior open interest of 240, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.21 to make the bullish bet. Roblox shares recently traded for about $49, so shares would need to rise by $13.50, or about 28%, for the option to move in-the-money. It would also mean Roblox...
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