Energy stocks have been trending higher over the past few weeks, including giants like Chevron (CVX). One trader sees shares making a pullback in the weeks ahead. That’s based on the July 26 $150 puts. With 25 days until expiration, 3,511 contracts traded compared to a prior open interest of 103, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.03 to make the bearish bet. Chevron shares recently traded for about $156, meaning shares would need to shed about $6, or about 4%, for the option to move in-the-money. Chevron is currently on the lower end of its 52-we...

Cruise line Carnival Corporation (CCL) is up 3% over the past year, with shares trading towards the higher end of their 52-week range. One trader sees shares trending higher in the weeks ahead. That’s based on the July 19 $18.50 calls. With 21 days until expiration, 28,491 contracts traded compared to a prior open interest of 616, for a 46-fold rise in volume on the trade. The buyer of the calls paid $0.68 to make the bullish bet. Carnival shares recently traded for about $18.30, making this an at-the-money trade. Shares are trending higher and near their 52-week high of $19.74. T...

Cybersecurity software firm SentinelOne (S) is up 21% over the past year. One trader sees a further rally for shares in the coming five months. That’s based on the November $22 calls. With 141 days until expiration, 5,044 contracts traded compared to a prior open interest of 135, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.40 to make the bullish bet. SentinelOne shares recently traded for just under $19, meaning the stock would need to rally by $3, or about 15%, for the option to move in-the-money. While the stock is up over the past year, and is curr...

Medical device manufacturer Medtronic (MDT) is down 6% over the past year. One trader is betting that shares will continue to decline over the next 18 months. That’s based on the January 2026 $85 puts. With 569 days until expiration, 9,101 contracts traded compared to a prior open interest of 167, for a 55-fold rise in volume on the trade. The buyer of the puts paid $9.36 to make the bearish bet. Medtronic shares recently traded for about $81, meaning the option is about $4.00 in-the-money. Shares are about midway between their 52-week low and high of $68.84 and $91.00. While shar...

Internet retailerAmazon (AMZN) is up 44% over the past year, nearly double the return of the overall stock market. One trader sees shares trending higher over the coming weeks. That’s based on the August 2 $220 calls. With 38 days until expiration, 13,711 contracts traded compared to a prior open interest of 145, for a 95-fold rise in volume on the trade. The buyer of the calls paid $1.35 to make the bullish bet. Amazon shares recently traded close to $190, meaning the stock would need to rise by $30, or nearly 16% in a month for the option to move in-the-money. Shares are right a...

Wildlife and pest control companyRollins (ROL) is up 20% over the past year, slightly underperforming the overall stock market. One trader sees shares trending higher through the summer. That’s based on the August $52.50 calls. With 52 days until expiration, 3,936 contracts traded compared to a prior open interest of 116, for a 34-fold rise in volume on the trade. The buyer of the calls paid $0.88 to make the bullish bet. Rollins shares recently traded for about $49.50, meaning the stock would need to rise by $3, or about 6%, for the option to move in-the-money. Meanwhile, Rollins...

Packaging and container manufacturerBall Corporation (BALL) is up 12% over the past year, returning about half as much as the overall market. One trader sees shares trading lower over the coming weeks. That’s based on the August $65 puts. With 55 days until expiration, 6,754 contracts traded compared to a prior open interest of 151, for a 45-fold rise in volume on the trade. The buyer of the puts paid $3.83 to make the bearish bet. Ball shares recently traded for about $62.50, meaning the $65 puts are already about $2.00 in-the-money. Shares have recently started declining, and ar...

Cryptocurrency investment platformCoinbase (COIN) has soared over 320% in the past year. One trader sees the potential for a pullback in the coming weeks. That’s based on the August $150 puts. With 57 days until expiration, 6,102 contracts traded compared to a prior open interest of 312, for a 20-fold rise in volume on the trade. The buyer of the puts paid $1.65 to make the bearish bet. Coinbase shares recently traded for about $245. Shares would need to drop about 39% in just under two months for the option to move in-the-money. However, a quick pullback could still lead to excellen...

Specialty chemical producerHuntsman Corp (HUN) is down 7% over the past year. One trader is betting shares will continue to trend down over the next two months. That’s based on the August $22 puts. With 58 days until expiration, 20,453 contracts traded compared to the prior open interest of 182, for a massive 112-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Huntsman shares recently traded just over $23, so they would need to drop by just over $1.00, or 4.3%, for the option to move in-the-money. The strike price is right near Huntsman’s 5...

Wall Street megabankJPMorgan Chase (JPM) has rallied 35% in the past year, exceeding the returns of the overall stock market. One trader sees the potential for a further rally over the coming weeks. That’s based on the July 12 $205 calls. With 23 days until expiration, 13,453 contracts traded compared to a prior open interest of 314 for a 43-fold rise in volume on the trade. The buyer of the calls paid $1.10 to make the bullish bet. JPMorgan shares recently traded for about $194, meaning shares would need to rise by $11, or 5.6%, for the option to move in-the-money. The strike pri...