Industrial conglomerateHoneywell (HON) has rallied and then faded out over the past year, leaving shares flat. One trader sees the current downtrend continuing in the coming months. That’s based on the December $170 puts. With 98 days until expiration, 10,028 contracts traded compared to a prior open interest of 199, for a 50-fold rise in volume on the trade. The buyer of the puts paid $2.30 to make the bearish bet. Shares recently traded for about $185, so they would need to drop $15, or just over 8 percent, for the option to move in-the-money. That would also be near Honeywell’s 52...

Entertainment and sports companyEndeavor Group Holdings (EDR) is slightly up over the past year, but shares have been getting hit hard in recent sessions. One trader sees a further decline in the weeks ahead. That’s based on the November $20 puts. With 70 days until expiration, 24,309 contracts traded compared to a prior open interest of 144, for a 169-fold jump higher in trading volume. The buyer of the puts paid $0.85 to make the bearish bet. Endeavor shares recently traded close to $21.50, so the stock would need to drop about $1.50, or about 7 percent, for the option to move in-t...

Media giantWarner Bros. Discovery (WBD) sank over 10 percent last week, as the ongoing Hollywood strike impacted the sector. One trader is betting on further weakness ahead. That’s based on the April 2024 $10 puts. With 225 days until expiration, 10,265 contracts traded compared to a prior open interest of 129, for an 80-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Warner Bros. Discovery stock recently traded for about $11.50. So shares would need to drop about $1.50, or about 13 percent, for the option to move in-the-money. The stock ha...

Oil and gas exploration companyComstock Resources (CRK) is down by nearly a third over the past year, amid a decline in energy prices. One trader sees shares rallying higher in the coming weeks. That’s based on the October $13 calls. With 44 days until expiration, 18,969 contracts traded compared to a prior open interest 585, for a 32-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Shares recently traded just over $12, so they’d need to rise about 6 percent for the option to move in-the-money. Comstock has a 52-week high just under $22, so...

Video game retailerGameStop (GME) has struggled over the past year, with shares down by over a third. One trader sees further weakness in the months ahead. That’s based on the November $18 puts. With 73 days until expiration, 10,504 contracts traded compared to a prior open interest of 174, for a 60-fold rise in volume on the trade. The buyer of the puts paid $2.60 to make the bearish bet. Shares recently traded for about $18.50, so the stock would only need to drop about 3 percent for the option to move in-the-money. Shares recently dropped to the $16.50 range before bouncing higher...

Database software companyOracle (ORCL) has been trading in a range since June. One trader sees shares sliding lower in the next six months. That’s based on the March 2024 $95 put option. With 196 days until expiration, 3,631 contracts traded compared to a prior open interest of 103, for a 35-fold rise in volume on the trade. The buyer of the puts paid $2.04 to make the bearish bet. Shares recently traded for just over $120, so they would need to drop about $25, or just over 20 percent, for the option to move in-the-money. That would put shares right around their current 200-day mo...

Construction equipment manufacturerCaterpillar (CAT) has been on a tear, with shares hitting a new all-time high in recent sessions. One trader sees the rally continuing in the coming months. That’s based on the November $310 calls. With 77 days until expiration, 25,633 contracts traded compared to a prior open interest of 415, for a 62-fold rise in volume on the trade. The buyer of the calls paid $4.25 to make the bullish bet. Shares recently traded around $280, so they would need to rally $30, or about 11 percent, for the options to move in-the-money. Even with a strong rally ov...

Mobile security system developerBlackBerry (BB) surged higher last week on a rumor that the company was going to be bought out. One trader is betting that the rumor is false and shares will trend lower in the coming weeks. That’s based on the September 22 $5 puts. With 23 days until expiration, 8,407 contracts traded compared to a prior open interest of 292, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. BlackBerry shares recently traded at about $5.30, so shares would need to drop about 6 percent for the option to move in-the-mon...

Fuel cell developerPlug Power (PLUG) is down over 70 percent in the past year as EV related stocks have fallen out of favor. One trader sees a further decline in the next six months. That’s based on the March 2024 $5 puts. With 199 days until expiration, 5,003 contracts traded compared to a prior open interest of 239, for a 21-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Plug Power shares recently traded right around $8, so they would need to fall by $3, or about 38 percent, for the option to move in-the-money. It would also suggest that...

Media conglomerateThe Walt Disney Company (DIS) hit a new 52-week low last week. One trader sees shares declining further over the next month. That’s based on the September 29 $75 puts. With 32 days until expiration, 10,330 contracts traded compared to a prior open interest of 134, for a 77-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Disney stock dropped to about $82.50 last week, so the stock would need to lose another $7.50, or another 9 percent, for the option to move in-the-money. Shares are also now down about 30 percent from their...