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Unusual Options Activity: CVR Energy (CVI)

Unusual Options Activity: CVR Energy (CVI)

Oil and gas refining company CVR Energy (CVI) is down over 30% in the past year, far underperforming a rallying stock market. One trader sees shares trending lower over the coming weeks. That’s based on the October 18 $22.50 puts. With 39 days until expiration, 8,302 contracts traded compared to a prior open interest of 113, for a 73-fold rise in volume on the trade. The buyer of the puts paid $1.15 to make the bearish bet. CVR shares recently traded for about $23, so they would need to drop by $0.50, or just over 2%, for the option to move in-the-money. The stock has been trendin...
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Unusual Options Activity: Exelon Corporation (EXC)

Unusual Options Activity: Exelon Corporation (EXC)

Electric utility firm Exelon Corporation (EXC) is down 3% over the past year, although shares have been trending higher since July. One trader sees shares continuing higher into early 2025. That’s based on the January 2025 $41 calls. With 133 days until expiration, 4,373 contracts traded compared to a prior open interest of 113, for a 39-fold rise in volume on the trade. The buyer of the calls paid $0.90 to make the bullish bet. Exelon shares recently traded for about $39, so shares would need to rise by $2, or about 5%, for the options to move in-the-money. The $41 strike price is r...
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Unusual Options Activity: Carrier Global Corporation (CARR)

Unusual Options Activity: Carrier Global Corporation (CARR)

Building component producerCarrier Global Corporation (CARR) is up 29% over the past year, slightly beating the returns of the overall stock market. One trader sees shares trending higher through the middle of next year. That’s based on the June 2025 $85 calls. With 288 days until expiration, 3,509 contracts traded compared to a prior open interest of 120, for a 29-fold rise in volume on the trade. The buyer of the calls paid $3.10 to make the bullish bet. Carrier shares recently traded for about $70, so shares would need to rise by $15, or about 21%, for the option to move in-the-mo...
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Unusual Options Activity: Pfizer (PFE)

Unusual Options Activity: Pfizer (PFE)

Drug manufacturer Pfizer (PFE) is down 20% over the past year, amid a slowdown in user demand. One investor sees shares trending lower in the weeks ahead. That’s based on the October 4 $27 puts. With 30 days until expiration, 18,523 contracts traded compared to a prior open interest of 140, for a massive 132-fold rise in volume on the trade. The buyer of the puts paid $0.15 to make the bearish bet. Pfizer shares recently traded at $29, so the stock would need to drop by $2, or just under 7%, for the option to move in-the-money. The strike price of the option is midway between the cur...
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Unusual Options Activity: Victoria’s Secret (VSCO)

Unusual Options Activity: Victoria’s Secret (VSCO)

Clothing retailer Victoria’s Secret (VSCO) is up nearly 30% over the past year, but shares started to decline following earnings. One trader sees a further decline in the weeks ahead. That’s based on the October 18 $23 puts. With 45 days until expiration, 5,247 contracts traded compared to a prior open interest of 198, for a 26-fold rise in volume on the trade. The buyer of the puts paid $1.20 to make the bearish bet. Victoria’s Secret shares recently traded for about $24, meaning they would need to decline by about $1, or just over 4%, for the options to move in-the-money. Shares ar...
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Unusual Options Activity: Apple (AAPL)

Unusual Options Activity: Apple (AAPL)

Consumer tech giant Apple (AAPL) is up 21% over the past year, slightly lagging the overall market. One trader sees shares pulling back slightly over the coming weeks. That’s based on the October 4 $210 puts. With 32 days until expiration, 6,261 contracts traded compared to a prior open interest of 175, for a 36-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. Apple shares recently traded for about $230. Shares would need to drop by $20, or about 9.5%, for the option to move in-the-money. Apple is slightly off its 52-week high of $237.23, se...
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Unusual Options Activity: Apollo Global Management (APO)

Unusual Options Activity: Apollo Global Management (APO)

Asset manager Apollo Global Management (APO) has been on a tear, surging 33% higher over the past year. One trader expects shares to trend higher over the next 17 months. That’s based on the January 2026 $185 calls. With 502 days until expiration, 90,774 contracts traded compared to a prior open interest of 260, for a massive 350-fold rise in volume on the trade. The buyer of the calls paid $1.93 to make the bullish bet. Apollo shares last traded for just under $115, so the stock would need to rise by $70, or about 61%, for the options to move in-the-money. Apollo hit a 52-week high ...
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Unusual Options Activity: General Motors (GM)

Unusual Options Activity: General Motors (GM)

Automaker General Motors (GM) is up 45% over the past year thanks to strong growth even as higher interest rates have weighed on car sales. One trader sees a pullback in the weeks ahead. That’s based on the September 20 $47.50 puts. With 22 days until expiration, 10,897 contracts traded compared to a prior open interest of 248, for a 30-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. General Motors shares recently traded for about $49. Shares would need to drop by about $1.50, or about 3%, for the option to move in-the-money. GM shares a...
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Unusual Options Activity: Huntsman Corporation (HUN)

Unusual Options Activity: Huntsman Corporation (HUN)

Specialty chemical company Huntsman Corporation (HUN) is down 20% over the past year, but has been trending higher over the past few weeks. One trader sees shares trending higher over the coming weeks. That’s based on the September $23 calls. With 23 days until expiration, 9,086 contracts traded compared to a prior open interest of 138, for a 66-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. Huntsman shares recently traded for about $22, meaning the stock would need to rise by $1.00, or about 4.5%, for the option to move in-the-money. ...
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Unusual Options Activity: KeyCorp (KEY)

Unusual Options Activity: KeyCorp (KEY)

Regional bank KeyCorp (KEY) is up over 50% in the past year, nearly double the returns of the overall stock market. One trader sees shares heading even higher in the coming weeks. That’s based on the September 20 $17.50 calls. With 24 days until expiration, 7,355 contracts traded compared to a prior open interest of 115, for a 64-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. KeyCorp shares recently traded for about $17, meaning shares would need to rise by about $0.50, or 3%, for the option to move in-the-money. Shares are trending highe...
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