Electric vehicle manufacturerRivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, meaning shares need to rise $1.00, or about 8.7 percent, for the option to move in-the-money. Rivian tra...

Wall Street megabankMorgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded for about $85.50, so shares would need to rise about 3 percent for the option to move in-the-money. The option’s strike pr...

Real estate property owner and operatorRealty Income (O), is down 20 percent over the past year as rising interest rates and concern over retail real estate have weighed on shares. One trader sees shares trending higher in the coming weeks. That’s based on the April $55 calls. With 56 days until expiration, 3,612 contracts traded compared to a prior open interest of 139, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.78. Realty Income shares recently traded for about $52.50, so the stock would need to rise about $2.50, or about 4.7 percent, for the option t...

Oil and gas production companyChesapeake Energy (CHK) has traded flat over the past year. One trader is betting shares will trend lower in the coming weeks. That’s based on the March $72.50 puts. With 22 days until expiration, 4,594 contracts traded compared to a prior open interest of 112, for a 41-fold rise in volume on the trade. The buyer of the puts paid $0.70 to make the bearish bet. Chesapeake Energy shares recently traded for about $79, so shares would need to drop a bit over 8 percent for the option to move in-the-money. Declining energy prices over the past year have imp...

Oil and gas exploration firmAntero Resources (AR) is down 23 percent over the past year, as energy prices have been trending lower. One trader sees further downside in the coming weeks. That’s based on the April 2024 $22 puts. With 58 days until expiration, 6,411 contracts traded compared to a prior open interest of 141, for a 45-fold rise in volume on the trade.  The buyer of the puts paid $0.96 to make the bearish bet. Antero shares recently traded around $23.50, so shares would need to drop about $1.50, or just over 6 percent, for the option to move in-the-money. The strike pri...

Used car e-commerce firmCarvana (CVNA) is up nearly 400 percent over the past year. One trader is betting on a further rally ahead. That’s based on the May $45 calls. With 87 days until expiration, 21,757 contracts traded compared to a prior open interest of 296, for a 74-fold rise in volume on the trade. The buyer of the calls paid $18.37 to make the bullish bet. Carvana recently traded for just under $58, meaning the options are nearly $13 in-the-money already. Shares have a 52-week high of $62.59, set back in December. The company is still struggling operationally, despite the ...

Ride-sharing companyLyft (LYFT) soared 35 percent on Wednesday after the company reported a major earnings beat. One trader is betting that shares will pull back from that extreme move in the coming months. That’s based on the April $16 puts. With 62 days until expiration, 24,164 contracts traded compared to a prior open interest of 356, for a 68-fold rise in volume on the trade. The buyer of the puts paid $1.40 to make the bullish bet. Lyft shares recently traded just over $16, making this an at-the-money trade. Shares also hit a new 52-week high of $16.77 on the news. The compan...

Electric vehicle manufacturerTesla Motors (TSLA) is down 10 percent over the past year, as the company’s sales have slowed. One trader sees a further decline in the weeks ahead. That’s based on the March 22 $140 puts. With 35 days until expiration, 22,675 contracts traded compared to a prior open interest of 365, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Tesla shares recently traded for about $184, so the stock would need to drop about $44, or 26 percent, for the options to move in-the-money. Tesla would also need to break un...

Oil and gas giantExxon Mobil (XOM) has seen its shares slide 13 percent over the past year, as energy prices have traded in a range. One trader sees shares trending lower through the middle of next year. That’s based on the June 2025 $125 puts. With 492 days until expiration, 5,204 contracts traded compared to a prior open interest of 113, for a 46-fold rise in volume on the trade. The buyer of the puts paid $24.20 to make the bearish bet. Exxon shares recently traded at $103, meaning the $125 puts are about $22 in-the-money, leaving about $2.20 in time premium. The strike price is a...

Semiconductor producerMicron Technologies (MU) have had a strong year, rallying 42 percent. One trader sees further upside in the coming months. That’s based on the May $100 calls. With 93 days until expiration, 14,221 contracts traded compared to a prior open interest of 354, for a 40-fold rise in volume on the trade. The buyer of the calls paid $2.19 to make the bullish bet. Micron shares recently traded for about $85, so shares would need to rise $15, or over 17 percent, for the option to move in-the-money. It would also mean shares breaking to a new 52-week high over $90.04. W...