Media giantThe Walt Disney Company (DIS) has been declining this year, amid dropping theme park attendance and a strike impacting production in Hollywood. One trader sees a further decline in the weeks ahead. That’s based on the August $82 puts. With 21 days until expiration, 4,679 contracts traded compared to a prior open interest of 156, for a 30-fold rise in volume on the trade. The buyer of the puts paid $1.40 to make the bearish bet. Disney shares last went for about $86, so they would need to fall $4, or just under 5 percent, for the option to move in-the-money. It would also m...

Automobile manufacturerGeneral Motors (GM) has been rangebound over the past year, and shares appear to be trending down once again. One trader is betting shares will further decline from here in the coming weeks. That’s based on the August 18 $35.50 puts. With 22 days until expiration, 5,802 contracts traded compared to a prior open interest of 129, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.31 to make the bearish bet. Shares recently traded near $38, so they would need to drop about $2.50, or about 7 percent, for the option to move in-the-money. The st...

Social media providerMeta Platforms (META) has more than tripled off of last year’s lows. One trader sees the rally continuing into 2025. That’s based on the January 2025 $550 calls. With 541 days until expiration, 5,032 contracts traded compared to a prior open interest of 167, for a 30-fold rise in volume on the trade. The buyer of the calls paid $9.95 to make the bullish bet. Meta recently traded for just over $290, so shares would need to rally another 90 percent in the next year and a half for the option to move in-the-money. That would surpass Meta’s all-time high of about $376...

Nevada-based bankAxos Financial (AX) is now up for the year, as shares have recovered following the bank stock selloff in the spring. One trader sees shares trending lower in the weeks ahead. That’s based on the August $40 puts. With 24 days until expiration, 5,056 contracts traded compared to a prior open interest of 131, for a 39-fold rise in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. Axos shares recently went for about $44, so the stock would need to drop about $4, or nearly 10 percent, for the options to move in-the-money. That’s still well ove...

Oil and gas midstream firmEnLink Midstream (ENLC) have risen over 30 percent since their May lows. One trader sees shares continuing higher in the coming weeks. That’s based on the September $12 calls. With 52 days until expiration, 13,412 contracts traded compared to a prior open interest of 579, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.35 to make the bullish bet. Shares recently traded for about $11.50, so they would need to rise less than 5 percent for the option to move in-the-money. EnLink started the year trading at about $12 and have a 52-week ...

Iron ore producerRio Tinto Group (RIO) has seen shares drop nearly 10 percent since the start of the year. One trader sees shares moving higher in the coming months. That’s based on the October $60 calls. With 91 days until expiration, 10,844 contracts traded compared to a prior open interest of 125, for an 87-fold rise in volume on the trade. The buyer of the calls paid $7.10 to make the bullish bet. Shares recently traded for about $66, making the options about $6 in-the-money, and leaving just over $1 in time premium. Rio Tinto shares are about midway between their 52-week highs a...

Graphics processing unit manufacturerNivida (NVDA) has been on a tear this year, with shares more than doubling. One trader sees a pullback in the coming weeks. That’s based on the August 25 $460 puts. With 35 days until expiration, 9,870 contracts traded compared to a prior open interest of 157, for a 63-fold rise in volume on the trade. The buyer of the puts paid $26.30 to make the bearish bet. Shares recently traded for about $475, so they would need to drop about $15, or just over 3 percent, for the option to move in-the-money. Nvidia recently set an intraday all-time high of $48...

Semiconductor firmAdvanced Micro Devices (AMD) has nearly doubled so far this year. One trader sees shares pulling back in the coming weeks. That’s based on the August 25 $115 puts. With 37 days until expiration, 11,158 contracts traded compared to a prior interest of 101, for a 101-fold rise in volume on the trade. The buyer of the puts paid $5.60 to make the bearish bet. AMD recently traded for about $118, so the stock would need to fall about 2.5 percent, or $3, for the option to move in-the-money. AMD shares have been trending down since hitting a 52-week high of $132.83 back in ...

Payment management companyBILL Holdings (BILL) is up about 14 percent so far this year. However, one trader sees a pullback in the months ahead. That’s based on the November $120 puts. With 122 days until expiration, 22,046 contracts traded compared to a prior open interest of 101, for a 218-fold rise in volume on the trade. The buyer of the puts paid $14.60 to make the bearish bet. Shares recently went for about $125, so they would need to drop $5, or 4 percent, for the options to move in-the-money. With a 52-week low of $68.30, the strike price on the option is quite reasonable. ...

MegabankJPMorgan Chase (JPM) is up about 10 percent so far this year, as regional banks have plunged into turmoil. One trader sees shares moving even higher in the coming days. That’s based on the July 28 $157.50 calls. With 10 days until expiration, 22,806 contracts traded compared to a prior open interest of 104, for a staggering 219-fold jump in volume on the trade. The buyer of the calls paid $0.59 to make the bullish bet. Shares recently traded near a six-month high of $149. For the option to move in-the-money, JPMorgan Chase shares would need to jump about 6 percent in the comi...