3D software companyUnity Software (U) has moved higher in the past few weeks, on AI speculation. One trader is betting the rally will continue. That’s based on the July $51 calls. With 21 days until expiration, 12,096 contracts traded compared to a prior open interest of 186, for a 65-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Unity shares recently went for about $44. Shares would need to rise $7, or another 16 percent, for the option to move in-the-money. Unity does have an intra-day 52-week high of $58.63, so such a move is possible...

AirlinerDelta Air Lines (DAL) is up over 40 percent in the past year, as flight demand has remained strong and energy prices have declined. One trader sees shares giving back some of those gains in the coming weeks. That’s based on the August $45 puts. With 50 days until expiration, 4,324 contracts traded compared to a prior open interest of 173, for a 25-fold rise in volume on the trade. The buyer of the puts paid $1.47 to make the bearish bet. Shares recently went for about $46, making this an at-the-money trade. Delta shares just spiked higher to a new 52-week high on Tuesday, and...

Energy storage solution companyEos Energy Enterprises (EOSE) have been trending higher in recent sessions. One trader sees that trend continuing in the coming few weeks. That’s based on the August $4.50 calls. With 51 days until expiration, 12,101 contracts traded compared to a prior open interest of 112, for a 108-fold rise in volume on the trade. The buyer of the calls paid $0.80 to make the bullish bet. Shares recently jumped to the $4 range, so they would need to rise another $0.50, or about 12.5 percent, for the option to move in-the-money. Eos is also near a 52-week high of $4....

Consumer goods manufacturerNewell Brands (NWL) has lost over 60 percent of its value over the past year. One trader sees a rebound ahead in the coming months. That’s based on the August $9 calls. With 52 days until expiration, 7,119 contracts traded compared to a prior open interest of 157, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.35 to make the bullish bet. Shares recently traded just under $8, so they would need to rise about $1, or about 13 percent, for the option to move in-the-money. The strike price is well under Newell’s 52-week high of $21.55....

Media conglomerateWarner Bros. Discovery (WBD) is down about 12 percent over the past year. One trader sees the potential for a rebound in the next two months. That’s based on the August $17.50 calls. With 53 days until expiration, 9,264 contracts traded compared to a prior open interest of 116, for an 80-fold rise in volume on the trade. The buyer of the calls paid $0.10 to make the bullish bet. Shares recently traded for about $12, so the stock would need to rise $5.50, or about 46 percent in the next two months. While Warner Bros. Discovery has a 52-week high of $17.65, a move in-...

Telecom providerAltice USA (ATUS) is down 70 percent over the past year, amid a substantial drop in the company’s earnings. One trader sees a rebound in the second half of the year. That’s based on the January 2024 $3 calls. With 210 days until expiration, 10,061 contracts traded compared to a prior open interest of 176, for a 57-fold rise in volume on the trade. The buyer of the calls paid $0.38 to make the bullish bet. Altice shares recently traded for about $2.35, so shares would need to rally about 28 percent for the option to move in-the-money. That’s still well under the stock’...

Cryptocurrency minerMarathon Digital Holdings (MARA) has performed well in the past year, with a 38 percent move higher. One trader sees a continued move higher in the coming months. That’s based on the December $12 calls. With 175 days until expiration, 7,471 contracts traded compared to a prior open interest of 138, for a 54-fold rise in volume on the trade. The buyer of the calls paid $4.00 to make the bullish bet. Shares recently traded for $11.75, making this an at-the-money trade. The strike price is still well under the stock’s 52-week high of $18.88. Marathon has struggled...

Oil and gas exploration and development firmEQT Corporation (EQT) is up about 5 percent over the past year, underperforming the overall market. One trader sees shares trending down going into the fall. That’s based on the September $37 puts. With 86 days until expiration, 7,007 contracts traded compared to a prior open interest of 122, for a 57-fold rise in volume on the trade. The buyer of the puts paid $1.89 to make the bearish bet. Shares recently went for about $39.50, so the stock would need to drop about 4.5 percent for the option to move in-the-money. The strike price is well ...

IT services companyKyndryl Holdings (KD) is up 47 percent over the past year, about triple the move higher in the overall stock market. One trader sees a pullback in the coming weeks. That’s based on the July 21 $13 puts. With 31 days until expiration, 3,957 contracts traded compared to a prior open interest of 101, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Shares recently traded for about $13.50, so they would need to drop less than 5 percent in the next month for the option to move in-the-money. Kyndryl Holdings has a 52...

Tech conglomerateMicrosoft (MSFT) has been trending higher in recent sessions, even as it looks like the company’s potential merger withActivision Blizzard (ATVI) will face sufficient regulatory scrutiny to be scrapped. One trader sees shares reversing lower. That’s based on the July 21 $345 puts. With 31 days until expiration, 8,788 contracts traded compared to a prior open interest of 311 for a 28-fold rise in volume on the trade. The buyer of the puts paid $7.83. The trade comes as shares just hit a new all-time high over $348, following a 41 percent rise over the past year. From ...