Regional bank Huntington Bancshares (HBAN) has been on a tear, rallying 60% over the past year, producing nearly twice the returns of the S&P 500. One trader sees shares trending higher in the weeks ahead. That’s based on the December 20 $19 calls. With 35 days until expiration, 5,377 contracts traded compared to a prior open interest of 154, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.20 to make the bullish bet. Huntington shares recently traded for about $17.60, so shares would need to rally by $1.40, or about 8%, for the option to move in-the-mone...

Chip manufacturer Taiwan Semiconductor (TSM) is up 96% over the past year, nearly triple the return of the overall stock market. One trader sees shares continuing higher in the weeks ahead. That’s based on the December 13 $200 calls. With 29 days until expiration, 19,727 contracts traded compared to a prior open interest of 310, for a 64-fold rise in volume on the trade. The buyer of the calls paid $5.25 to make the bullish bet. TSM shares recently traded for about $191, so they would need to rise by $9, or about 4.7%, for the option to move in-the-money. TSM has been trending hig...

Mailing and logistics firm Pitney Bowes (PBI) is up 93% over the past year, more than double the returns of the S&P 500. One trader sees more upside ahead over the coming weeks. That’s based on the December 13 $9 calls. With 30 days until expiration, 27,755 contracts traded compared to a prior open interest of 120, for a 231-fold rise in volume on the trade. The buyer of the calls paid $0.19 to make the bullish bet. Pitney Bowes shares recently traded for just under $8, meaning shares would need to rally by $1, or just over 12%, for the option to move in-the-money. The strike pri...

Steel producerU.S. Steel Corporation (X) is up 22% over the past year. Shares have trended higher amid acquisition discussions. One trader sees shares pulling back over the next few weeks. That’s based on the December 20 $32 puts. With 37 days until expiration, 4,806 contracts traded compared to a prior open interest of 116, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.15 to make the bearish bet. U.S. Steel recently traded for about $41.25, so shares would need to drop by $9.25, or over 23%, for the option to move in-the-money. Shares traded as high as ...

Data center REIT Digital Realty Trust (DLR) is up 36% over the past year, about in-line with the overall stock market, before accounting for its dividend. One trader sees shares pulling back over the coming weeks. That’s based on the December 20 $170 puts. With 39 days until expiration, 8,417 contracts traded compared to a prior open interest of 191, for a 44-fold rise in volume on the trade. The buyer of the puts paid $2.10 to make the bearish bet. Digital Realty last traded for about $178, meaning shares would need to drop by $8, or about 4.5%, for the option to move in-the-money. ...

Memory chip manufacturer Micron Technology (MU) is up 46% over the past year, outperforming the market. One trader sees further upside ahead for shares in the coming weeks. That’s based on the November 29 $135 calls. With 21 days until expiration, 9,404 contracts traded compared to a prior open interest of 237, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. Micron shares last traded for about $112. The stock would need to rise by $23, or just over 20%, for the option to move in-the-money. Shares are about midway between their 52-...

Optical retailer National Vision Holdings (EYE) is down 33% over the past year, but shares have started to rally higher in recent sessions. One trader sees that uptrend continuing over the coming weeks. That’s based on the December 20, 2024 $12.50 calls. With 43 days until expiration, 10,039 contracts traded compared to a prior open interest of 173, for a 58-fold rise in volume on the trade. The buyer of the calls paid $1.05 to make the bullish bet. National Vision Holdings recently traded for just over $12, making this an at-the-money trade. The strike price is about half the stock’...

Packaged foods producer The J.M. Smucker Company (SJM) has traded flat over the past year, even as the overall stock market has rallied by over 30%. One trader sees shares breaking higher into 2025. That’s based on the January 17, 2025, $120 calls. With 72 days until expiration, 6,052 contracts traded compared to a prior open interest of 293, for a 21-fold rise in volume on the trade. The buyer of the calls paid $2.80 to make the bullish bet. Smucker shares recently traded for about $114, so they would need to rise by $6, or about 5.2%, for the option to move in-the-money. The strike...

Pharmaceutical giant Bristol Myers Squibb Company (BMY) hit a 52-week high last week, and shares are up substantially over the past few months. One trader sees the rally continuing into the end of the year. That’s based on the December 20 $65.50 calls. With 45 days until expiration, 5,121 contracts traded compared to a prior open interest of 143, for a 36-fold rise in volume on the trade. The buyer of the calls paid $0.23 to make the bullish bet. Bristol Myers Squibb recently traded for about $54.50. Shares would need to rise about $8, or 15%, for the option to move in-the-money. ...

Fast food chainThe Wendy’s Company (WEN) is up 8% over the past year, far underperforming the S&P 500. One trader sees shares declining over the coming weeks. That’s based on the December 20 $18 puts. With 46 days until expiration, 27,484 contracts traded compared to a prior open interest of 724, for a 38-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Wendy’s shares recently traded for just over $19, so shares would need to drop by at least $1, or 5.3%, for the option to move in-the-money. Wendy’s recently tried to re-test its 52-we...