Document management companyXerox Holdings Corporation (XRX) have been trading in a range for most of the past year. One trader sees shares continuing to trend toward the lower end of that range in the weeks ahead. That’s based on the May $14 puts. With 28 days until expiration, 4,247 contracts traded compared to a prior open interest of 119, for a 36-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Shares recently went for about $14.30, so the stock would need to decline about 2 percent for shares to move in-the-money. The stock still has a ...

MegabankJPMorgan Chase & Co (JPM) has been moving higher since the recent fears in the banking sector. One trader is betting that trend will continue. That’s based on the November $175 calls. With 211 days until expiration, 4,870 contracts traded compared to a prior open interest of 109, for a 45-fold rise in volume on the trade. The buyer of the calls paid $1.06 to make the bullish bet. Shares last traded just over $140, so they would need to rise about $35, or about 23 percent, for the option to move in-the-money. JPMorgan shares are already close to their 52-week high of $144....

Metals mining companyTeck Resources (TECK) is closing in on 52-week highs following a strong rally. One trader sees a pullback for the company in the months ahead. That’s based on the January 2024 $42 puts. With 275 days until expiration, 10,013 contracts traded compared to a prior open interest of 440, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.16 to make the bearish bet. Teck shares recently traded for just under $49 after hitting a 52-week high of $49.34, so they’d need to drop about $7, or about 16 percent, for the option to move in-the-money. Alt...

E-commerce logistics firmGXO Logistics (GXO) has seen shares move in an uptrend over the past few months. One trader is betting that trend will play out over the next month. That’s based on the May $55 calls. With 31 days until expiration, 4,528 contracts traded compared to a prior open interest of 108, for a 41-fold rise in volume on the trade. The buyer of the calls paid $1.53 to make the bullish bet. GXO shares recently traded for about $52, so they’d need to rise by $3, or about 6 percent, in the next month for the option to move in-the-money. That’s still well under the stock’s ...

Electronics retailerBest Buy (BBY) has been trending down in recent weeks. One trader sees shares continuing lower in the next two months. That’s based on the June $67.50 puts. With 60 days until expiration, 10,078 contracts traded compared to a prior open interest of 410, for a 25-fold rise in volume on the trade. The buyer of the puts paid $2.30 to make the bearish bet. Shares recently traded for about $73, so they would need to fall about $6.50, or nearly 10 percent in the next two months for the option to move in-the-money. With a 52-week low of $60.78, it’s possible that the tra...

Airline carrierDelta Air Lines (DAL) has pulled back in recent weeks, as fears of a slowing economy may soften demand for air travel. One trader sees a further downside in the weeks ahead. That’s based on the May $29 puts. With 35 days until expiration, 5,772 contracts traded compared to a prior open interest of 114, for a 51-fold rise in volume on the trade. The buyer of the puts paid $0.38 to make the bearish bet. Shares recently traded just under $34, so they would need to fall about $5, or about 16 percent, for the option to move in-the-money. While Delta has a 52-week low of $27...

Construction machinery manufacturerCaterpillar (CAT) has traded flat over the past year, following a sizeable drop and rally over the past few months. One trader sees shares moving higher into the summer. That’s based on the August $260 calls. With 127 days until expiration, 35,041 contracts traded compared to a prior open interest of 560, for a 63-fold rise in volume on the trade. The buyer of the calls paid $3.83 to make the bullish bet. Share recently went for about $220, so the stock would need to rise $40, or about 18 percent, for the option to move in-the-money. That would put ...

Precious metals explorer and producerSilvercorp Metals (SVM) has rallied in recent weeks as gold and silver have jumped higher. One trader sees that trend continuing in the months ahead. That’s based on the October $7.50 calls. With 191 days until expiration, 20,109 contracts traded compared to a prior open interest of 127, for a staggering 158-fold jump in volume on the trade. The buyer of the calls paid $0.18 to make the bullish bet. Shares recently traded for just under $4, close to the 52-week high of $4.05, so they’d need to rally another $3.50, or about 88 percent, for the opti...

Resort and casino operatorWynn Resorts (WNN) has rallied 53 percent in the past year. One trader sees a reversal playing out at some point by 2025. That’s based on the January 2025 $47.50 puts. With 646 days until expiration, 3,000 contracts traded compared to a prior open interest of 166, for an 18-fold rise in volume on the trade. The buyer of the puts paid $2.46 to make the bearish bet. Shares recently traded for just over $109, so the stock would need to be cut in half for the option to move in-the-money. And shares would need to move below their 52-week low of $50.20 per share. ...

Offshore oil and gas drilling supplierTransocean (RIG) is up nearly 50 percent over the past year. However, one trader sees shares declining in the next 15 months. That’s based on the July 2024 $7.00 puts. With 466 days until expiration, 5,326 contracts traded compared to a prior open interest of 133, for a 40-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet. Transocean shares recently traded just under $6.50, leaving this option already slightly in-the-money. At its 52-week low, shares traded at just $2.32. At that price, the $7 puts would b...