Shares ofUnited Parcel Service (UPS) dropped to a 52-week low last Thursday, and shares are now down 20% over the past year. One trader sees a rebound in the coming weeks. That’s based on the June 21 $136 calls. With 18 days until expiration, 10,588 contracts traded compared to a prior open interest of 109, for a 97-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. UPS recently traded just over $136, making this an at-the-money trade. In intra-day trading last week, shares hit a 52-week low of $133.63. The freight and logistics company ha...

Major U.S. carrierAmerican Airlines (AAL) slid 15% earlier this week, amid a warning on earnings. One trader sees a further slide over the next six months. That’s based on the November $8 puts. With 168 days until expiration, 47,299 contracts traded compared to a prior open interest of 433, for a massive 109-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. American Airlines shares recently traded for over $11.50. Shares would need to decline by $3.50, or about 30% for the option to move in-the-money. The strike price is well under America...

Gold producerKinross Gold (KGC) is soaring along with the price of the metal, with shares up 73% over the past year. One trader sees the stock taking a breather over the next two months. That’s based on the July $8.00 puts. With 50 days until expiration, 4,779 contracts traded compared to a prior open interest of 109, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Kinross shares recently traded for about $8.25, so they would need to drop about 3% for the option to move in-the-money. The stock is right at its 52-week high of $8.27....

Office workflow software giantWorkday (WDAY) is up 6% over the past year, far underperforming the overall market. Shares have been trending lower since late February, and one trader sees that trend continuing in the coming months. That’s based on the July $210 puts. With 51 days until expiration, 11,397 contracts traded compared to a prior open interest of 343, for a 33-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Workday shares recently traded for about $220, so they would need to drop by $10, or less than 5%, for the option to move in-...

Digital payment system operatorBlock (SQ) is up 14% over the past year, far lagging the overall market, and now in a downtrend. One trader sees shares continuing lower in the months ahead. That’s based on the August $62.50 puts. With 80 days until expiration, 7,482 contracts traded compared to a prior open interest of 119, for a 63-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Block shares recently traded for about $67, so they would need to drop about $4.50 for the options to move in-the-money. The strike price is closer to the stock’s 5...

Shares of pizza chainPapa John’s International (PZZA) are down 33% over the past year. One trader is betting on a further decline into the autumn. That’s based on the October $57.50 puts. With 144 days until expiration, 21,310 contracts traded compared to a prior open interest of 111, for a 192-fold rise in volume on the trade. The buyer of the puts paid $11.12 to make the bearish bet. Papa John’s shares recently traded for about $47.50, meaning the puts are about $10.00 in-the-money. Shares are trading close to their 52-week low of $46.81. Operationally, high costs and a competit...

Fuel cell system producerBloom Energy (BE) is up 10% over the past year, far lagging the overall stock market. One trader is betting that shares will trend higher in the coming weeks. That’s based on the July $18 calls. With 56 days until expiration, 3,976 contracts traded compared to a prior open interest of 127, for a 31-fold rise in volume on the trade. The buyer of the calls paid $1.47 to make the bullish bet. Shares recently traded for about $16, meaning the stock would need to rise $2, or about 12.5%, in order for the option to move in-the-money. The strike price is near the st...

Consumer tech companyPelton Interactive (PTON) is down 46% over the past year. Shares dropped 15% alone on Tuesday, as the company looked to issue a $1 billion loan. One trader sees shares bouncing higher. That’s based on the June 28 $4 calls. With 36 days until expiration, 5,027 contracts traded compared to a prior open interest of 205, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Shares recently traded for about $3.30, so they would need to rise $0.70, or about 21%, for the option to move in-the-money. The strike price is ...

Healthcare services operatorAstrana Health (ASTH) is up 30% over the past year, despite a recent pullback. One trader sees further gains in the weeks ahead. That’s based on the June $45 calls. With 30 days until expiration, 6,037 contracts traded compared to a prior open interest of 110, for a 55-fold surge in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. Astrana shares recently traded for about $39, meaning shares would need to rise about $6, or 7.5%, for the option to move in-the-money. The strike price of the option is close to Astrana’s 52-week h...

Coffee chainStarbucks (SBUX) is down nearly 30% over the past year, and shares have been trending down since reporting earnings. One trader expects a rebound in the coming weeks. That’s based on the June 14 $81 calls. With 24 days until expiration, 2,684 contracts traded compared to a prior open interest of 110 contracts, for a 24-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Starbucks shares recently traded for about $78, so shares would need to rise by $3, or just under 4%, for the options to move in-the-money. Shares are close to t...