Online gaming companyRoblox (RBLX) has lost over a third of its value in the past year, and shares are near a 52-week low. One trader sees a bounce ahead in the coming months. That’s based on the January 2024 $37.50 calls. With 147 days until expiration, 19,708 contracts traded compared to a prior open interest of 615, for a 32-fold rise in volume on the trade. The buyer of the calls paid $1.14 to make the bullish bet. Shares recently traded near $26.50, so they would need to rise about $11, or about 42 percent, for the option to move in-the-money. That’s still well under the stocks’...

Financial services companyCapital One Financial (COF) is down about 10 percent in the past year, as rising interest rates have weighed on the financial services provider. One trader sees a rally ahead for shares in the coming weeks. That’s based on the October $120 calls. With 56 days until expiration, 15,475 contracts traded compared to a prior open interest of 361, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.50 to make the bullish bet. Shares recently went for just over $100, so they would need to rise $20, or about 20 percent, for the options to move ...

Petroleo Brasileiro (PBR), also known as Petrobras, is flat over the past year as energy prices have been volatile, but well off of 2022’s highs. One trader is betting on a move higher in the coming weeks. That’s based on the October $11 calls. With 58 days until expiration, 6,553 contracts traded compared to a prior open interest of 114, for a 57-fold rise in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Shares recently traded for about $13.70, or about $2.70 in-the-money, indicating that this option has no time premium now. Petrobras has had some pr...

Tech giantMicrosoft (MSFT) has been a strong performer this year, but shares have been hit in recent weeks. One trader sees shares bouncing higher in the months ahead. That’s based on the November $280 calls. With 87 days until expiration, 22,514 contracts traded compared to a prior open interest of 391, for a 58-fold rise in volume on the trade. The buyer of the calls paid $45.45 to make the bullish bet. Shares recently traded at $316, so the option is already about $36 in-the-money. Microsoft has a 52-week high of $366. So, it’s possible the option could rise as much as $50, or jus...

American Airlines (AAL) is up 6 percent over the past year, about double the return of the S&P 500. One trader sees shares declining in the months ahead. That’s based on the February 2024 $11 puts. With 178 days until expiration, 7,010 contracts traded compared to a prior open interest of 167, for a 42-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. American Airlines shares recently went for about $15, so shares would need to drop $4, or nearly 25 percent, for the option to move in-the-money. Such a drop would be further than the stock’s...

Oil and gas exploration and production companySuncor Energy (SU) is slightly down over the past year as energy prices have moderated. One trader sees shares trending higher into the end of the year. That’s based on the December $34 calls. With 119 days until expiration, 45,164 contracts traded compared to a prior open interest of 317, for a 142-fold rise in volume on the trade. The buyer of the calls paid $1.27 to make the bullish bet. Shares last traded just under $32. So Suncor shares would need to rise about 7 percent for the option to move in-the-money. The strike price is still ...

Singapore-based e-commerce and digital finance platformSea Limited (SE) dropped nearly 30 percent on Tuesday. One trader expects shares to decline further in the next month. That’s based on the September $35 puts. With 28 days until expiration, 15,097 contracts traded compared to a prior open interest of 376, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Sea Limited recently traded near $40, so shares would need to drop about $5, or another 15 percent, for the option to move in-the-money. That would represent a new low, following...

Office and retail-oriented real estate investment trustVornado Realty Trust (VNO) has lost about one quarter of its value over the past year. One trader sees shares trending even lower in the coming months. That’s based on the October $15 puts. With 65 days until expiration, 4,003 contracts traded compared to a prior open interest of 145, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.25 to make the bearish bet. Shares recently went for about $22, so they would need to drop by $7, or just over one-third, for the options to move in-the-money. The stock has mo...

Marine shipping companyNordic American Tankers Limited (NAT) is up over 65 percent in the past year. One trader sees the potential for a pullback in the weeks ahead. That’s based on the September 15 $4.50 puts. With 31 days until expiration, 9,620 contracts traded compared to a prior open interest of 224, for a 43-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Shares recently traded just over $4, making this trade slightly in-the-money already. While the tanker has been trending higher overall in the past year, shares have been prone to la...

Major Wall Street bankCitigroup (C) has lost nearly 20 percent over the past year. One trader sees the bank bucking its downtrend and moving higher in the months ahead. That’s based on the December $44 calls. With 122 days until expiration, 5,731 contracts traded compared to a prior open interest of 229, for a 25-fold rise in volume on the trade. The buyer of the calls paid $3.10 to make the bullish bet. Shares recently went for just over $44, making this an at-the-money trade. Shares have a 52-week high of $54.56. A return to just the $50 range would make the $44 calls worth at leas...