RetailerThe Gap (GPS) has been a runaway winner over the past year, with a 205% rally. One trader sees shares climbing even further in the next four months. That’s based on the July $30 calls. With 116 days until expiration, 3,173 contracts traded compared to a prior open interest of 119, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.60 to make the bullish bet. Gap shares recently traded for about $28.50. The stock needs to rally about 5.2%, or $1.50, for the option to move in-the-money. The Gap currently sits at a new 52-week high. Even with the big ra...

Social media giantMeta Platforms (META) is up nearly 150% over the past year. One trader sees further upside in the month ahead. That’s based on the April 26 $550 call options. With 35 days until expiration, 3,839 contracts traded compared to a prior open interest of 108, for a 35-fold rise in volume on the trade. The buyer of the calls paid $14.35 to make the bullish bet. Meta shares recently traded for about $500, so would need to rise about $50, or 10% in the next month for the options to move in-the-money. Such a move would mean shares break over their 52-week high of $523.57. ...

Oil and gas exploration companyNorthern Oil & Gas (NOG) is up 35% over the past year, higher than the overall market. One trader is betting the outperformance will continue in the next six months. That’s based on the September $42 calls. 2,602 contracts traded compared to a prior open interest of 101, for a 26-fold rise in volume on the trade. The contracts have 183 days left until expiration. The buyer of the calls paid $2.30 to make the bullish bet. NOG shares recently traded for about $39. Shares would need to rise $3, or about 7.7%, for the option to move in-the-money. The st...

Oil and gas refinerValero Energy (VLO) is up 26% over the past year, about in-line with the overall market. One trader sees shares surging in the months ahead. That’s based on the June $190 calls. With 93 days until expiration, 21,675 contracts traded compared to a prior open interest of 120, for a 180-fold rise in volume on the trade. The buyer of the calls paid $3.25 to make the bullish bet. Valero shares recently traded for about $166, meaning shares would need to rise about 14.4% in three months. It would also mean shares breaking over their 52-week high of $167.33. Valero is ...

Online auction siteeBay (EBAY) is up 24% over the last year, slightly lagging the overall market. One trader sees shares trending higher through the end of next year. That’s based on the January 2026 $50 calls. With 668 days until expiration, 4,709 contracts traded compared to a prior open interest of 212, for a 22-fold rise in volume on the trade. The buyer of the calls paid $10.70 to make the bullish bet. eBay shares recently traded for just over $52, meaning the options are already about $2 in-the-money, and have about $8 in premium for nearly two years of time to play out. eBay i...

Regional airlineJetBlue (JBLU) has traded flat over the past year, far underperforming the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the April 12 $7.50 calls. With 25 days until expiration, 12,135 contracts traded compared to a prior open interest of 168, for a 72-fold rise in volume on the trade. The buyer of the calls paid $0.23 to make the bullish bet. JetBlue shares recently traded for about $7.20, so the stock would need to rise about $0.30, or about 4 percent for the option to move in-the-money. Shares have been trendin...

Utility producerThe AES Corporation (AES) is down 30 percent over the past year as higher interest rates have weighed on the sector. One trader sees shares trending higher in the coming weeks. That’s based on the April $16 calls. With 35 days until expiration, 5,378 contracts traded compared to a prior open interest of 127, for a 42-fold rise in volume on the trade. The buyer of the calls paid $0.60 to make the bullish bet. AES Corporation shares recently traded for about $15.75, making this an at-the-money option. The strike price of the option is closer to the stock’s 52-week low o...

Uranium producerCameco (CCJ) is up 60 percent over the past year. But shares are down about 20 percent in the past month. One trader sees shares resuming their uptrend in the coming months. That’s based on the September $48 calls. With 190 days until expiration, 10,094 contracts traded compared to a prior open interest of 159, for a 63-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. Cameco recently traded for about $42, meaning shares would need to rise about $6, or about 14 percent, for the option to move in-the-money. Meanwhile, Camec...

Regional bankFifth Third Bancorp (FITB) is up 38 percent over the past year, beating the overall market. One trader sees shares continuing to perform well in the weeks ahead. That’s based on the April $38 calls. With 37 days until expiration, 13,840 contracts traded compared to a prior open interest of 104, for a massive 133-fold rise in volume on the trade. The buyer of the calls paid $0.97 to make the bullish bet. FITB shares recently traded just under $37, and shares would need to rise about $1.30, or about 3.5 percent for the options to move in-the-money. FITB has been trendin...

Shares of hotel operatorHilton Worldwide Holdings (HLT) are up 45 percent over the past year, significantly outperforming the overall market. One trader is betting on a further rally in the coming months. That’s based on the June $185 calls. With 101 days until expiration, 15,019 contracts traded compared to a prior open interest of 249, for a 60-fold rise in volume on the trade. The buyer of the calls paid $26.00 to make the bullish bet. Hilton shares recently broke to a new 52-week high of $206.65. The options are therefore about $22 in-the-money already, leaving about $4 left in t...