Fitness technology company Peloton Interactive (PTON) saw shares jump 35% on earnings last week. One trader is betting shares will be able to trend higher into early 2025. That’s based on the January 2025 $9.00 calls. With 144 days until expiration, 12,446 contracts traded compared to a prior open interest of 109, for a massive 114-fold increase in the trade. The buyer of the calls paid $0.34 to make the bullish bet. Peloton shares last traded near $4.50, meaning shares would need to roughly double for the option to move in-the-money. Shares are already 68% off their 52-week low of $...

Processed food business Kraft Heinz Company (KHC) has been rallying over the past few weeks, but is up just 5% over the past year. One trader sees shares pulling back over the coming weeks. That’s based on the September 20 $33.50 puts. With 28 days until expiration, 6,478 contracts traded compared to a prior open interest of 188, for a 35-fold rise in volume on the trade. The buyer of the puts paid $0.19 to make the bearish bet. Kraft shares recently trade just under $35.50, so the stock would need to drop by about $2.00, or just over 5%, for the options to move in-the-money. Kraft s...

Health services company Teladoc Health (TDOC) has declined nearly 70% in the past year. One trader sees shares trending significantly higher over the next 10 months. That’s based on the June 2025 $17.50 calls. With 302 days until expiration, 7,639 contracts traded compared to a prior open interest of 124, for a 62-fold rise in volume on the trade. The buyer of the calls paid $0.27 to make the massively bullish bet. Teladoc shares recently traded for about $7.20. Shares would need to rise by over $10, or 143%, for the option to move in-the-money. Shares are right near their 52-week lo...

Shares of bitcoin miner Riot Blockchain (RIOT) are down 25% over the past year. One trader sees shares trending higher over the coming weeks. That’s based on the October $5 calls. With 58 days until expiration, 5,977 contracts traded compared to a prior open interest of 107, for a 56-fold rise in volume on the trade. The buyer of the calls paid $3.25 to make the bullish bet. Riot shares recently traded for about $8.00, making the options already about $3.00 in-the-money. Shares are much closer to their 52-week low of $7.25 than their high of $18.75. While bitcoin prices are hig...

Automaker Ford Motor Company (F) has declined over 12% in the past year, amid a slowdown in consumer spending and high auto loan rates. One trader sees a further decline in the weeks ahead. That’s based on the October $10 puts. With 59 days until expiration, 12,407 contracts traded compared to a prior open interest of 237, for a 52-fold rise in volume on the trade. The buyer of the puts paid $0.28 to make the bearish bet. Ford shares recently traded for about $10.50, meaning the stock would need to decline by about $0.50, or just over 5%, for the option to move in-the-money. Ford sha...

Fast fresh food chain Chipotle Mexican Grill (CMG) saw shares slip last week as the company’s CEO was poached to runStarbucks (SBUX). One trader is betting that Chipotle shares will continue to slide in the coming weeks. That’s based on the September 27 $46 puts. With 39 days until expiration, 10,159 contracts traded compared to a prior open interest of 228, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. Chipotle shares recently traded for about $54, meaning shares would need to drop by about $8, or 15%, for the option to move in-...

Gold mining operator Barrick Gold (GOLD) is up 21% over the past year, about in-line with gold’s move higher. One trader is betting on a further rally through the end of 2026. That’s based on the December 2026 $22 calls. With 854 days until expiration, 7,466 contracts traded compared to a prior open interest of 146, for a 51-fold rise in volume on the trade. The buyer of the calls paid $3.35 to make the bullish bet. Barrick shares recently traded for about $19. The stock would need to rally by $3, or about 16%, for the option to move in-the-money. Shares are near their 52-week high o...

Technology company MicroStrategy (MSTR), best known for holding a massive amount of bitcoin, is up 250% over the past year. One trader sees shares trending higher in the months ahead. That’s based on the October 18 $139 calls. With 64 days until expiration, 29,760 contracts traded compared to a prior open interest of 115, for a 259-fold rise in volume on the trade. The buyer of the calls paid $21.05 to make the bullish bet. MicroStrategy recently traded at a post-stock-split price of $136. Shares would need to rise by $3, or 2.2%, for the options to move in-the-money. Shares have ...

Wall Street megabank Citigroup (C) is up 31% over the past year, far outperforming the overall stock market. One trader sees shares continuing higher over the next 13 months. That’s based on the September 2025 $67.50 calls. With 401 days until expiration, 10,144 contracts traded compared to a prior open interest of 148, for a 69-fold rise in volume on the trade. The buyer of the calls paid $3.30 to make the bullish bet. Citigroup shares recently traded for just under $58, meaning shares would need to rise by $9.50, or just over 16%, for the option to move in-the-money. The strike pri...

Mortgage REIT AGNC Investment Corp (AGNC) has traded flat over the past year, as interest rates have held steady. One trader sees the potential for shares to rally over the next few weeks. That’s based on the September 13 $10.00 calls. With 31 days until expiration, 10,421 contracts traded compared to a prior open interest of 244, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. AGNC shares trade right at $10, making this an at-the-money trade. The stock is close to its 52-week high of $10.57. Mortgage REITs are essentially a le...