AI software company C3.ai (AI) is down 23% over the past year as the early stage company has struggled to move to profitability. One trader is betting on a move higher in shares over the coming months. That’s based on the June $25 calls. With 91 days until expiration, 37,044 contracts traded compared to a prior open interest of 394, for a 94-fold rise in volume on the trade. The buyer of the calls paid $2.40 to make the bullish bet. C3.ai shares recently traded for about $23, so the stock would need to rise by $2, or about 9%, for the option to move in-the-money. The strike price of ...

Gold prices have been trending higher over the past few months, as have many gold stocks like Alamos Gold (AGI). Shares are up 97% over the past 12 months, and one trader sees further upside over the coming months. That’s based on the November $30 calls. With 246 days until expiration, 4,861 contracts traded compared to a prior open interest of 101, for a 48-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. Alamos shares recently traded for about $26, so shares would need to rally by about $4, or about 15%, for the options to move in-the-mon...

Advertiser software platform AppLovin Corporation (APP) is up over 330% in the past year, although shares have recently pulled back with the overall market. One trader sees a rebound back to old highs toward the end of the year. That’s based on the November $500 calls. With 247 days until expiration, 6,400 contracts traded compared to a prior open interest of 168, for a 38-fold rise in volume on the trade. The buyer of the calls paid $29.90 to make the bullish bet. AppLovin recently traded for about $311, so shares would need to rise by $189, or 61%, for the option to move in-the-mon...

Frozen potato producer and distributor Lamb Weston Holdings (LW) is down over 50% in the past year. With food prices starting to fall on a year-over-year basis, one trader sees further downside ahead. That’s based on the July $42.50 puts. With 122 days until expiration, 17,609 contracts traded compared to a prior open interest of 159, for a massive 111-fold rise in volume on the trade. The buyer of the puts paid $2.20 to make the bearish bet. Lamb Weston shares recently traded for about $51.50, so shares would need to drop by about $9, or about 17.5%, for the option to move in-the-mo...

Credit service provider Discover Financial Services (DFS) is up 33% over the past year, and just fell 20% off its recent highs. One trader sees shares trending lower over the coming weeks. That’s based on the April $150 puts. With 31 days until expiration, 7,400 contracts traded compared to a prior open interest of 146, for a 51-fold rise in volume on the trade. The buyer of the puts paid $7.80 to make the bearish bet. Discover shares recently traded for about $160, so shares would need to drop by $10, or just over 6%, for the option to move in-the-money. Shares are now about midway ...

Aluminum producer Alcoa Corporation (AA) is up 11% over the past year but has had some big swings up and down. One trader sees trending higher in the weeks ahead. That’s based on the May $40 calls. With 63 days until expiration, 10,039 contracts traded compared to a prior open interest of 305, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.90 to make the bullish bet. Alcoa shares recently traded for about $33, so the stock would need to jump by $7, or over 21%, for the option to move in-the-money. The strike price is still well under Alcoa’s 52-week high of...

Semiconductor developer and manufacturer Arm Holdings (ARM) is down 14% over the past year, as shares have recently given up their recent gains. One trader sees a rebound into the summer. That’s based on the August $125 calls. With 155 days until expiration, 4,189 contracts traded compared to a prior open interest of 129, for a 32-fold rise in volume on the trade. The buyer of the calls paid $14.70 to make the bullish bet. Arm shares recently traded for about $112, so the stock would need to rise by $13, or 11.6%, for the option to move in-the-money. The strike price is still well of...

Uranium producer Cameco (CCJ) is flat over the past year, having given up recent gains and going back to last summer’s lows. One trader sees a further decline in the weeks ahead. That’s based on the May $37 puts. With 65 days until expiration, 14,310 contracts traded compared to a prior open interest of 294, for a 49-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet. Cameco shares recently traded for about $40.50, so shares would need to drop by about $3.50, or about 8.7%, for the option to move in-the-money. The strike price of the options is...

Airline operator Delta Air Lines (DAL) is up 24% over the past year, but the recent market pullback has taken shares down well off their peak. One trader is betting on a rebound in the weeks ahead. That’s based on the May $60 calls. With 66 days until expiration, 11,787 contracts traded compared to a prior open interest of 185, for a 64-fold rise in volume on the trade. The buyer of the calls paid $1.85 to make the bullish bet. Delta shares recently traded for about $53, so shares would need to rise by $7, or 13%, for the option to move in-the-money. Shares are now down about 25% fro...

Oil and gas exploration and production company Noble Corporation (NE) has seen shares get cut in half over the past year as energy prices have been trending lower overall. One trader sees further weakness over the coming weeks. That’s based on the April $20 puts. With 38 days until expiration, 9,117 contracts traded compared to a prior open interest of 285, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.65 to make the bearish bet. Noble shares recently traded for just under $23, so shares would need to decline by $3, or about 13%, for the option to move in-t...