Digital asset companyMarathon Digital Holdings (MARA) has risen nearly 70 percent in recent weeks on news that the SEC may approve a bitcoin ETF. One trader is betting shares will give back some of their recent gains in the coming weeks. That’s based on the August $18 puts. With 36 days until expiration, 8,144 contracts traded compared to a prior open interest of 148, for a 55-fold rise in volume on the trade. The buyer of the puts paid $3.10 to make the bearish bet. Marathon shares recently went for about $17, so the options are about $1.00 in-the-money already. Shares recently hit ...

Shares of cryptocurrency brokerage firmCoinbase (COIN) have surged over 60 percent in recent weeks amid talk of a bitcoin ETF being approved by the SEC. One trader sees a pullback in the weeks ahead. That’s based on the August $85 puts. With 35 days until expiration, 14,081 contracts traded compared to a prior open interest of 257, for a 55-fold rise in volume on the trade. The buyer of the puts paid $9.15 to make the bearish bet. Shares recently traded near the $85 range, after closing in $90 on Tuesday, making this an at-the-money trade. That’s still well over the stock’s 52-week l...

Shares of weight management companyWW International (WW) have more than doubled since the start of the year. One trader sees a further rally ahead for the stock in the coming weeks. That’s based on the August $10 calls. With 37 days until expiration, 5,398 contracts traded compared a to a prior open interest of 249, for a 22-fold rise in volume on the trade. The buyer of the calls paid $0.65 to make the bullish bet. WW shares recently traded for about $8.50, so they would need to rise $1.50, or about 18 percent, for the options to move in-the-money. The stock has a 52-week high of $1...

Ecommerce platformShopify (SHOP) has rebounded strongly from last year’s selloff so far this year. One trader sees shares giving back some of their gains in the coming weeks. That’s based on the August 18 $45 puts. With 38 days until expiration, 9,502 contracts traded compared to a prior open interest of 282, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.34 to make the bearish bet. Shopify last went for about $62, so the stock would need to drop about 27 percent for the options to move in-the-money. The strike price of the option is still about double the s...

Regional bankPacWest Bancorp (PACW) has been trading in a range over the past few months. One trader sees shares trending to the higher end of that range in the weeks ahead. That’s based on the August $8 calls. With 41 days until expiration, 7,114 contracts traded compared to a prior open interest of 283, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.02 to make the bullish bet. Shares recently traded just under $8, making this an at-the-money trade. During the panic selloff in bank shares earlier this year, PacWest traded as low as $2.48. PacWest trades...

Financial institution technology providerFidelity National Information Services (FIS) has been cut in half over the past year. One trader sees the potential for a big rally in the coming months. That’s based on the September $70 calls. With 70 days until expiration, 20,825 contracts traded compared to a prior open interest of 512, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.44 to make the bullish bet. Shares recently traded for about $60, so they would need to rise $10, or about 17 percent, for the option to move in-the-money. The option is still well un...

Video game developerActivision Blizzard (ATVI) is up about 10 percent over the past year, with shares recovering from the drop on news that their potential buyout fromMicrosoft (MSFT) wouldn’t meet with regulatory scrutiny. One trader sees a further rally ahead. That’s based on the November $100 calls. With 133 days until expiration, 7,013 contracts traded compared to a prior open interest of 214, for a 33-fold rise in volume. The buyer of the calls paid $0.50. Shares recently traded for about $84, so they would need to rise $16, or about 19 percent, for the option to move in-the-mon...

App software companyDigital Turbine (APPS) has lost over half its share price in the past year. One trader sees a rebound in the weeks ahead. That’s based on the August $12.50 calls. With 44 days until expiration, 4,387 contracts traded compared to a prior open interest of 115, for a 38-fold rise in volume on the trade. The buyer of the calls paid $0.30 to make the bullish bet. Shares recently traded for about $9.25, so shares would need to rise $3.25, or over 35 percent, for the option to move in-the-money. Digital Turbine has a 52-week high of $25, but a high closer to $15 over ...

Chinese internet retailerJD.com (JD) has seen its shares get cut nearly in half over the past year. One trader is betting on a further decline in the coming weeks. That’s based on the August $50 puts. With 45 days until expiration, 27,488 contracts traded compared to a prior open interest of 137, for a whopping 201-fold jump in volume on the trade. The buyer of the puts paid $15.90. Shares recently traded for about $34, making the option about $16 in-the-money. At current prices, the option price has no time premium attached to it, which may have attracted investors to the trade. ...

Oil and gas refining companyPBF Energy (PBF) has risen over 32 percent in the past two months. One trader sees a further rally in the weeks ahead. That’s based on the August $45 calls. With 45 days until expiration, 2,065 contracts traded compared to a prior open interest of 104, for a 20-fold rise in volume on the trade. The buyer of the calls paid $1.70 to make the bullish bet. Shares recently went for just over $41, so they would need to rise about $4, or just over 10 percent, for the option to move in-the-money. The strike price of the option is midway between the current price a...