Electric vehicle manufacturerFisker (FSR) is down 60 percent over the past year, as demand for new cars has slowed. One trader sees further downside in the weeks ahead. That’s based on the December 15 $2 puts. With 24 days until expiration, 18,694 contracts traded compared to a prior open of 146, for a massive 128-fold rise in volume on the trade. The buyer of the puts paid $0.10 to make the bearish bet. Shares recently traded just under $3, so would need to lose almost a third of their value for the options to move in-the-money. Fisker shares just hit a new 52-week low last week, ev...

Uranium producerCameo (CCJ) has been a strong performer this year, with shares up over 75 percent. One trader sees further upside in the coming weeks. That’s based on the December 29 $50 calls. With 43 days until expiration, 31,631 contracts traded compared to a prior open interest of 130, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Shares recently traded for about $44, so they would need to rise $6, or nearly 15 percent, for the option to move in-the-money. Cameco is at a 52-week high right now, so the buyer of the call o...

Artificial Intelligence developerC3.ai (AI) has had a strong year, with shares up over 90 percent. One trader sees the potential for a pullback in the coming weeks. That’s based on the December 1 $22 puts. With 16 days until expiration, 3,521 contracts traded compared to a prior open interest of 101, for a 35-fold rise in volume on the trade.  The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $27.50, so shares would need to drop $5.50, or about 20 percent, for the option to move in-the-money. Such a move is possible in a short period of tim...

Sports apparel chainFoot Locker (FL) has dropped nearly 40 percent over the past year. One trader is betting on a rebound in shares in the coming weeks. That’s based on the December 15 $22.50 calls. With 31 days until expiration, 8,084 contracts traded compared to a prior open interest of 177, for a 46-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Shares recently traded for about $20.50, so they would need to rise $2.00, or just under 10 percent, for the option to move in-the-money. The strike price is well under Foot Locker’s 52-week hi...

Retail real estate investment trust (REIT)Seritage Growth Properties (SRG), jumped over 15 percent last week following strategic asset sales and strong earnings. One trader sees further upside ahead. That’s based on the January 2024 $9 calls. With 67 days until expiration, 11,839 contracts traded compared to a prior open interest of 270, for a 44-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. Seritage shares recently traded for about $8.65 following earnings, so shares would need to rally less than 5 percent more for the option to move in...

Internet brokerage firmRobinhood (HOOD) dropped 15 percent on Wednesday following weak earnings. One trader is betting on shares to rebound from its quarterly report. That’s based on the February 2024 $8 calls. With 98 days until expiration, 4,576 contracts traded compared to a prior open interest of 124, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.08 to make the bullish bet. Shares recently traded for about $8.35, making this a slightly in-the-money trade. Any rebound in Robinhood should lead to the option moving higher penny for penny, less any declini...

Packaging and container firmWestRock Company (WRK) is up 7 percent over the past year, about half as much as the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the December $37.50 calls. With 35 days until expiration, 14,107 contracts traded compared to a prior open interest of 249, for a 57-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. WestRock recently traded right at $37.50, making this an at-the-money trade. Shares are also close to their 52-week high of $39.30. Packaging and cont...

Hotel chainMarriott International (MAR) is up nearly 30 percent over the past year. One trader is betting that shares will slide in the coming weeks. That’s based on the December 15 $170 puts. With 37 days until expiration, 8,430 contracts traded compared to a prior open interest of 100, for an 84-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Marriott shares recently traded for about $191, so the stock would need to drop $21, or about 11 percent, for the option to move in-the-money. That would still be well over the stock’s 52-week low of...

Ticket sellerLive Nation Entertainment (LYV) is up 17 percent over the past year, slightly beating the returns on the S&P 500. One trader sees further gains in the months ahead. That’s based on the January 2024 $92.50 calls. With 72 days until expiration, 3,815 contracts traded compared to a prior open interest of 105, for a 36-fold increase in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Live Nation recently traded for about $85, so shares would need to rise about $7.50, or just under 10 percent, for the option to move in-the-money. The stri...

Food delivery serviceDoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 in-the-money. That leaves less than $4 of time value on the option trade. Shares hit a 52-week high ov...