Auto parts chain storeAdvance Auto Parts (AAP) is down over 56 percent in the past year. One trader is betting on further downside ahead in the coming weeks. That’s based on the March 15 $42.50 puts. With 31 days until expiration, 8,859 contracts traded compared to a prior open interest of 211, for a 42-fold rise in volume on the trade. The buyer of the puts paid $0.36 to make the bearish bet. Advance Auto Parts shares recently traded for about $64, or about 33 percent below the current price. The strike price of the option is also well under the stock’s 52-week low of $47.73. Rev...

Tech giantMicrosoft (MSFT) is trading near all-time highs after soaring 52 percent over the past year. One trader sees shares making a quick pullback in the coming weeks. That’s based on the March 1 $410 puts. With 21 days until expiration, 13,305 contracts traded compared to a prior open interest of 254, for a 52-fold rise in volume on the trade. The buyer of the puts paid $5.50 to make the bearish bet. Microsoft shares recently traded for about $415, meaning the stock would need to drop by $5, or about 1 percent, for the option to move in-the-money. For a tech stock, a down day cou...

Regional bankKeyCorp (KEY) has lost 30 percent over the past year amid rising interest rates and investor fear over smaller banks. One trader sees further downside in the coming weeks. That’s based on the March 1 $13 puts. With 22 days until expiration, 7,590 contracts traded compared to a prior open interest of 121, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.29 to make the bearish bet. KeyCorp shares recently traded for about $14. Shares would need to lose $1.00, or just over 7 percent, for the option to move in-the-money. The $13 strike price is wel...

Social media operatorMeta Platforms (META) has been soaring higher following its latest earnings beat and after announcing it will start paying a dividend. One trader sees shares rising further in the coming weeks. That’s based on the March 1 $465 calls. With 23 days until expiration, 4,832 contracts traded compared to a prior open interest of 185, for a 26-fold rise in volume on the trade. The buyer of the calls paid $12.95. Meta shares recently traded for about $460, so shares would need to rise $5, or about 1 percent, for the option to move in-the-money. Meta hit a 52-week high...

Digital media advertisement appThe Trade Desk (TTD) is up 33 percent over the past year. One trader sees further upside ahead for shares in the coming months. That’s based on the April $60 calls. With 72 days until expiration, 20,206 contracts traded compared to a prior open interest of 272, for a 74-fold rise in volume on the trade. The buyer of the calls paid $13.40 to make the bullish bet. The Trade Desk shares recently traded for around $70, meaning the options already trade $10 in-the-money. The strike price is slightly closer to the lower end of TTD’s 52-week range between $47....

Telecom operatorAT&T (T) is down 13 percent over the past year, but shares are trending higher following strong earnings. One trader sees further upside in the coming weeks. That’s based on the March $19 calls. With 38 days until expiration, 323,242 contracts traded compared to a prior open interest of 1,536, for a massive 210-fold surge in volume on the trade. The buyer of the calls paid $0.19 to make the bullish bet. AT&T shares recently traded for about $18, so they would need to rise about 5.5 percent in the coming weeks. The strike price is under AT&T’s 52-week high ...

Oil and gas giantChevron (CVX) is down 12 percent over the past year as energy prices have trended lower. One trader is betting on a further decline in the months ahead. That’s based on the September $105 puts. With 230 days until expiration, 3,000 contracts traded compared to a prior open interest of 1,005, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.88 to make the bearish bet. Chevron recently traded for about $147, so whares would need to drop by $42, or about 29 percent, for the option to move in-the-money. The strike price is also significantly below...

Cruise ship operatorCarnival Corporation (CCL) has soared in the past year, with shares up 53 percent. One trader sees shares cruising higher in the coming weeks. That’s based on the March $15 calls. With 42 days until expiration, 50,159 contracts traded compared to a prior open interest of 1,014, for a 49-fold rise in volume on the trade. The buyer of the calls paid $2.05 to make the bullish bet. With Carnival shares trading for about $16.50, the option is already about $1.50 in-the-money. The strike price of the option is also well under the stock’s 52-week high of $19.74. Carni...

Aerospace and defense contractorLockheed Martin (LMT) is down 6 percent over the past year, and shares have dropped in recent weeks. One trader sees a rebound in the weeks ahead. That’s based on the March $430 calls. With 44 days until expiration, 9,167 contracts traded compared to a prior open interest of 263, for a 35-fold rise in volume on the trade. The buyer of the calls paid $8.70 to make the bullish bet. Lockheed shares recently traded for about $428, making this an at-the-money trade. Shares were trading closer to $460 just a few weeks ago, before being knocked down after ear...

ChipmakerIntel (INTC) sold off heavily last week following the company’s latest earnings. One trader sees shares rebounding from their recent drop. That’s based on the February 23 $46 calls. With 24 days until expiration, 9,463 contracts traded compared to a prior open interest of 194, for a 49-fold rise in volume on the trade. The buyer of the calls paid $0.81 to make the bullish bet. Intel recently traded for about $43.50, so shares would need to rise about $2.50 or about 6 percent, for the option to move in-the-money. The strike price is well under Intel’s pre-earnings price near ...