Offshore oil drilling companyDiamond Offshore (DO) is up 13% in the past year, as energy prices have stabilized and started to trend higher. One trader sees a potential pullback through the end of the year. That’s based on the January 2025 $10 puts. With 270 days until expiration, 2,954 contracts traded compared to a prior open interest of 104, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. Diamond Offshore recently traded for about $13, so they would need to lose $3, or about 23%, for the option to move in-the-money. Shares have ...

Motorcycle producerHarley Davidson (HOG) has been flat over the past year, gaining just 3% as the overall market is up 20%. One trader sees the stock trending higher in the coming weeks. That’s based on the May 17 $39 calls. With 27 days until expiration, 3,879 contracts traded compared to a prior open interest of 172, for a 23-fold rise in volume on the trade. The buyer of the calls paid $1.65 to make the bullish bet. Harley shares recently traded for about $38, so the stock would need to rise by $1, or nearly 3%, for the option to move in-the-money. Shares have pulled back from ...

Media conglomerateWarner Bros Discover (WBD) has been out of favor with the market, sinking 41% over the past year. One trader sees further downside in the coming weeks. That’s based on the May 31st $8 puts. With 43 days until expiration, 125,286 contracts traded compared to a prior open interest of 111, for a massive 1,129-fold rise in volume on the trade. The buyer of the puts paid $0.52 to make the bearish bet. Warner Bros shares recently traded for about $8.15, so the stock would need to decline less than 2% for the option to move in-the-money. The stock is hovering near its 52-w...

Semiconductor manufacturerMarvell Technology (MRVL) has sold off in recent days, but is still up 75% over the past year, nearly triple the market’s return. One trader sees shares bouncing back in the coming months. That’s based on the July $72.50 calls. With 93 days until expiration, 12,122 contracts traded compared to a prior open interest of 434, for a 28-fold rise in volume on the trade. The buyer of the calls paid $5.20 to make the bullish bet. Marvell shares recently traded for about $68, so they would need to rise $4.50, or about 7%, for the option to move in-the-money. That’s ...

Apparel manufacturerV.F. Corporation (VFC) is down 41% over the past year, and the trend points to further losses. One trader is betting the stock will continue to sink over the next 11 months. That’s based on the March 2025 $10 puts. With 339 days until expiration, 42,594 contracts traded compared to a prior open interest of 191, for a massive 223-fold rise in volume on the trade. The buyer of the puts paid $1.34 to make the bearish bet. V.F. Corp shares recently traded for just over $12, so the stock would need to see a further 20% drop in the next months for the option to move in-...

Wall Street megabankCitigroup (C) is up 27% over the past year, just slightly ahead of the overall stock market. One trader sees a potential pullback in shares in the coming weeks. That’s based on the May 10 $60 puts. With 24 days until expiration, 4,480 contracts traded compared to a prior open interest of 107, for a 42-fold rise in volume on the trade. The buyer of the puts paid $1.70 to make the bearish bet. Citigroup shares recently traded for just under $61, meaning the stock would need to decline less than 2% for the option to move in-the-money. Shares are near their 52-week hi...

Drug manufacturerPfizer (PFE) has shed 35% over the past year amid a poorly-performing market for the pharmaceutical sector. One trader sees a rally in the coming weeks. That’s based on the May 10 $28 calls. With 28 days until expiration, 39,706 contracts traded compared to a prior open interest of 411, for a 97-fold rise in volume on the trade. The buyer of the calls paid $0.57 to make the bullish bet. Pfizer shares recently traded just over $26, so they would need to rise less than $1.00, or about 3%, for the option to move in-the-money. The stock appears to be retesting its 52-wee...

Copper producerFreeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for about $51, so shares would need to rally about 11.8% in the next two weeks for the option to move in-the-money. The stock has been ...

Korean semiconductor manufacturerMagnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, meaning they would need to drop about 8% for the option to move in-the-money. Shares are r...

Sports apparel manufacturerNike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would need to rise by $1.20, or under 2%, for the option to move in-the-money. Shares slid to a new 52-week low last Friday. Earnings are dow...