Space-based cellular broadband network AST SpaceMobile (ASTS) is up 240% over the past year. One trader is betting that shares will continue higher through the end of summer. That’s based on the September 20 $22.50 calls. With 52 days until expiration, 6,160 contracts traded compared to a prior open interest of 103, for a 60-fold rise in volume on the trade. The buyer of the calls paid $1.40 to make the bullish bet. ASTS shares recently traded for about $16.50, right near their 52-week high, meaning shares would need to rally by $6, or over 36%, for the option to move in-the-money. S...

Apparel manufacturer V.F. Corporation (VFC) is down 17% over the past year and trending lower. One trader sees a further decline in the weeks ahead. That’s based on the August $15.50 puts. With 21 days until expiration, 5,237 contracts traded compared to a prior open interest of 163, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.89 to make the bearish bet. VFC shares recently traded for about $16, making this an at-the-money trade. Shares are well off their 52-week low of $11 per share set back in May, but have started to show signs they’re ready to trend l...

Aerospace and airplane component manufacturer GE Aerospace (GE) is up over 70% in the past year. One trader sees further gains in the weeks ahead. That’s based on the August 16 $200 calls. With 22 days until expiration, 10,2298 contacts traded compared to a prior open interest of 107, for a 96-fold rise in volume on the trade. The buyer of the calls paid $0.31 to make the bullish bet. GE Aerospace shares recently traded for about $174, meaning the stock would need to rise by $26, or 15%, for the option to move in-the-money. The move is aggressive, but possible given that the compa...

Copper producerFreeport-McMoRan (FCX), is up 9% over the past year, slightly lagging the overall market. One trader sees shares trending higher into the autumn. That’s based on the October 18 $55 calls. With 86 days until expiration, 5,020 contracts traded compared to a prior open interest of 182, for a 28-fold rise in volume on the trade. The buyer of the calls paid $0.82 to make the bullish bet. Freeport shares recently traded for about $46, so they would need to rise by $9, or nearly 20%, for the option to move in-the-money. The strike price is right near the stock’s 52-week high ...

Online car dealership Carvana (CVNA) is up 183% over the past year, soaring well beyond the overall stock market’s return. One trader sees a pullback in the second half of the year. That’s based on the January 2025 $115 puts. With 178 days until expiration, 19,001 contracts traded compared to a prior open interest of 288, for a 66-fold rise in volume on the trade. The buyer of the puts paid $18.70 to make the bearish bet. Carvana shares recently traded for about $131, so the stock would need to decline by $16, or about 12%, for the option to move in-the-money. Carvana has already ...

Oil and gas drilling services provider Patterson-UTI Energy (PTEN) is down 25% over the past year. One trader sees shares declining over the coming weeks. That’s based on the August 16 $10 puts. With 25 days until expiration, 48,155 contracts traded compared to a prior open interest of 711, for a 68-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Patterson-UTI Energy shares recently traded for about $10.75, so they would need to decline by $0.75, or about 7%, for the option to move in-the-money. Shares recently popped higher, but have been ...

Autonomous driving technology companyAurora Innovation (AUR) is up 71% over the past year. One trader sees shares pulling back in the coming weeks. That’s based on the August 16 $4 puts. With 28 days until expiration, 20,620 contracts traded compared to a prior open interest of 370, for a 56-fold rise in volume on the trade. The buyer of the puts paid $0.36 to make the bearish bet. Aurora shares recently traded for about $4.30, meaning that shares would need to drop by about 7% in order for the option to move in-the-money. Aurora recently jumped to a new 52-week high of $5.24 before ...

Computer manufacturer Dell Technologies (DELL) is up 155% over the past year as surging AI demand is boosting computer sales. One trader sees a pullback ahead over the coming weeks. That’s based on the September 20 $105 puts. With 64 days until expiration, 4,512 contracts traded compared to a prior open interest of 192, for a 24-fold rise in volume on the trade. The buyer of the puts paid $1.90 to make the bearish bet. Dell shares recently traded for about $135, so shares would need to drop by $30, or over 22%, for the option to move in-the-money. Given that Dell already peaked at...

Oil and gas refining giant Valero Energy Corporation (VLO) is up 30% over the past year, slightly beating the S&P 500’s return. One trader sees shares trending higher through the end of the year. That’s based on the December 20 $175 calls. With 156 days until expiration, 10,247 contracts traded compared to a prior open interest of 423, for a 24-fold rise in volume on the trade. The buyer of the calls paid $4.10 to make the bullish bet. Valero shares recently traded for about $150, so they would need to rise by $25, or about 17%, for the option to move in-the-money. That would ...

Silver producer Pan American Silver (PAAS) is up 51% over the past year, more than double the return of the S&P 500. One trader is betting that shares will continue higher over the coming weeks. That’s based on the August $30 calls. With 31 days until expiration, 12,601 contracts traded compared to a prior open interest of 100, for a 126-fold rise in volume on the trade. The buyer of the calls paid $0.13 to make the bullish bet. Shares recently traded for just under $24, right at their 52-week high. For the option to move in-the-money, shares would need to rise another $6, or ...