Copper producer Freeport-McMoRan (FCX) is up 44% in the past year, beating the overall S&P 500 by about 10 points. However, one trader is betting on shares pulling back over the coming weeks. That’s based on the December 20 $40 puts. With 74 days until expiration, 6,566 contracts traded compared to a prior open interest of 147, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.47 to make the bearish bet. FCX shares recently traded for just under $50, so the stock would need to decline by $10, or about 20%, for the option to move in-the-money. The strike pri...

Payment technology company Global Payments Inc (GPN) is down 11% over the past year. One trader sees further downside in the weeks ahead. That’s based on the November 15 $85 puts. With 42 days until expiration, 6,093 contracts traded compared to a prior open interest of 190, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.20 to make the bearish bet. Global Payments shares recently traded for about $97.50, so the stock would need to drop by $12.50, or about 13%, for the option to move in-the-money. The strike price is well under the stock’s 52-week low of $91....

Digital platform Sea Limited (SE) is up 121% over the past year, and is up nearly 50% alone since August. One trader sees shares pulling back over the coming months. That’s based on the December 20 $82.50 puts. With 78 days until expiration, 10,001 contracts traded compared to a prior open interest of 320, for a 31-fold rise in volume on the trade. The buyer of the puts paid $2.70 to make the bearish bet. Sea Limited shares recently traded for about $98, right at their 52-week high, so the stock would need to decline by $15.50, or just over 16%, for the option to move in-the-money. ...

China-based EV manufacturer NIO (NIO) is down 25% over the past year, but shares have started to rally in recent weeks. One trader is betting that shares will continue to rally over the next month. That’s based on the November 1 $9 calls. With 30 days until expiration, 10,172 contracts traded compared to a prior open interest of 400, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.36 to make the bullish bet. NIO shares recently traded for about $6.75, so shares would need to rise by at least $2.25, or 33%, for the option to move in-the-money. The strike pric...

Exercise technology companyPeloton Interactive (PTON) is down 2% over the past year, with shares coming off extreme lows from earlier in the year. One trader sees the stock surging higher into next spring. That’s based on the April $7 calls. With 197 days until expiration, 13,239 contracts traded compared to a prior open interest of 209, for a 63-fold rise in volume on the trade. The buyer of the calls paid $0.67 to make the bullish bet. Peloton shares recently traded for about $4.80, meaning shares need to rise by about $2.20, or 48%, for the option to move in-the-money. The strike ...

Uranium producerCameco (CCJ) is up 16% over the past year, and shares have started to rebound strongly after selling off over the summer. One trader sees further gains ahead. That’s based on the November 15 $60 calls. With 47 days until expiration, 8,083 contracts traded compared to a prior open interest of 137, for a 59-fold increase in volume on the trade. The buyer of the calls paid $0.52 to make the bullish bet. Cameco shares recently touched $48, so they would need to soar by $12, or another 25%, to hit the option’s strike price of $60. That would also entail share breaking past...

Wall Street megabankCitigroup (C) is having a strong year, with shares up 52%. One trader sees the stock taking a break over the coming weeks. That’s based on the October 25 $55 puts. With 28 days until expiration, 10,038 contracts traded compared to a prior open interest of 115, for an 87-fold rise in volume on the trade. The buyer of the puts paid $0.43 to make the bearish bet. Citigroup shares recently traded for just over $60, so the stock would need to drop by just over $5, or about 8%, for the option to move in-the-money. Shares have already pulled back nearly 10% from their 52...

Oil and gas exploration company Antero Resources (AR) is up 19% over the past year, lagging the overall market. One trader sees the potential for shares to move higher into the middle of next year. That’s based on the June 2025 $35 calls. With 267 days until expiration, 5,048 contracts traded compared to a prior open interest of 141, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.86 to make the bullish bet. Antero shares recently traded for about $28.75, so the stock would need to rise by about $6.25, or about 22%, for the option to move in-the-money. Th...

Digital asset mining services company Core Scientific (CORZ) is up 248% over the past year, and shares are near their 52-week highs. One trader sees further gains in the days ahead. That’s based on the October 11 $13 calls. With 16 days until expiration, 9,989 contracts traded compared to a prior open interest of 129, for a 77-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Core Scientific shares recently traded for about $12.50, meaning shares would need to rise by $0.50, or just 4%, for the option to move in-the-money. The strike price i...

Automotive chip manufacturer ON Semiconductor (ON) is down 22% over the past year, as investors have been more focused on other tech trends and EV sales have been lackluster. One trader sees further weakness in the weeks ahead. That’s based on the November 15 $55 puts. With 52 days until expiration, 8,839 contracts traded compared to a prior open interest of 155, for a 57-fold rise in volume on the trade. The buyer of the puts paid $1.08 to make the bearish bet. ON shares recently traded for about $70, so the stock would need to drop by $15, or 22%, for the option to move in-the-mone...