Medical device manufacturerEdwards Lifesciences (EW) is down 14 percent over the past year, with shares taking a beating in recent sessions. One trader sees a potential rebound ahead in the coming weeks. That’s based on the October $82.50 calls. With 28 days until expiration, 5,738 contracts traded compared to a prior open interest of 209, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Edwards shares recently traded for about $72, so the stock would need to rise just over $10 per share, or over 28 percent for the option to move i...

Regional bankAxos Financial (AX) is flat over the past year, missing out on the market rally. One trader sees downside ahead for shares in the coming weeks. That’s based on the October $37.50 puts. With 28 days until expiration, 13,262 contracts traded compared to a prior open interest of 105, for a staggering 126-fold rise in volume on the trade. The buyer of the puts paid $1.75 to make the bearish bet. Shares recently traded for about $39.50, so the stock would need to drop about $2.00, or about 5 percent, for the options to move in-the-money. That’s well over the stock’s 52-week l...

Household product manufacturerNewell Brands (NWL) has been a poor performer this year, with the stock losing over 42 percent of its value. One trader sees shares rebounding in the next six months. That’s based on the March 2024 $12 call options. With 177 days until expiration, 3,505 contracts traded compared to a prior open interest of 165, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.40 to make the bullish bet. Shares recently traded for about $9.50, so the stock would need to rise about $2.50, or over 26 percent, for the option to move in-the-money. ...

Major financial institutionBank of America (BAC) is down 15 percent over the past year as rising interest rates have weighed on lending activity. One trader sees a rebound in the coming month. That’s based on the October $23 calls. With 31 days until expiration, 17,263 contracts traded compared to a prior open interest of 194, for an 89-fold rise in volume on the trade. The buyer of the calls paid $6.00 to make the bullish bet. The bank last traded just under $29, meaning the options are about $6 in the money and have no time premium. Shares had rallied to the $33 range in July befor...

AirlinerUnited Airlines Holdings (UAL) is up about 17 percent over the past year, performing slightly better than the market. One trader sees shares trending lower in the coming months. That’s based on the December $41 puts. With 87 days until expiration, 8,565 contracts traded compared to a prior open interest of 141, for a 61-fold rise in volume on the trade. The buyer of the puts paid $1.31 to make the bullish bet. Shares recently traded for about $45, so the stock would need to drop $4, or just under 10 percent, for the option to move in-the-money. That’s still well over United’s...

Uranium producerCameco (CCJ) is up over 25 percent in the past year, nearly double the return of the S&P 500. Shares are also near a 52-week high. One trader sees that trend continuing in the coming weeks. That’s based on the October 20 $42 calls. With 35 days until expiration, 21,763 contracts traded compared to a prior open interest of 394, for a 55-fold rise in volume on the trade. The buyer of the calls paid $0.68 to make the bullish bet. Cameco last traded for about $39, so shares would need to rise by $3, or just under 8 percent, for the option to move in-the-money. With th...

Database software companyOracle (ORCL) sold off heavily on Tuesday, following weak guidance in its most recent earnings report. One trader is betting on a partial rebound in the coming days. That’s based on the September 29 $115 calls. With 15 days until expiration, 5,959 contracts traded compared to a prior open interest of 110, for a 54-fold rise in volume on the trade. The buyer of the calls paid $0.88 to make the bullish bet. Shares recently traded just under $110, so they would need to rise about $5, or just under 5 percent,  in the next two weeks for the option to move in-the-m...

Shares of stock exchange ownerIntercontinental Exchange (ICE), are up about 10 percent over the past year, just slightly edging out the overall stock market. One trader is betting on a further rally into next year. That’s based on the January 2024 $180 calls. With 128 days until expiration, 2,807 contracts traded compared to a prior open interest of 110, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.10 to make the bullish bet. Shares recently traded for about $115, so they would need to rise by $65, or over 56 percent, for the option to move in-the-money. ...

Beverage and snack food giantPepsiCo (PEP) is slightly up over the past year, although shares have been sliding in recent sessions. One trader is betting on a continued decline in the next two months. That’s based on the November $170 puts. With 66 days until expiration, 11,152 contracts traded compared to a prior open interest of 309, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.26 to make the bearish bet. Shares recently traded just over $176, so the stock would need to drop $6, or about 3.5 percent, for the option to move in-the-money. It would also mea...

Texas-based utilityCenterPoint Energy (CNP) has shed 16 percent over the past year. One trader sees a further decline ahead for the stock. That’s based on the January 2024 $30 puts. With 129 days until expiration, 4,000 contracts traded compared to a prior open interest of 105, for a 40-fold rise in volume on the trade. The buyer of the puts paid $2.41 to make the bearish bet. CenterPoint recently went for about $28, meaning the option is already about $2.00 in the money. Shares have a 52-week low of $25.03. The utility has been a poor performer operationally, with revenues droppi...