Retail apparel companyAbercrombie & Fitch (ANF) have seen shares drop by over 20 percent in the past year. One trader is betting on more long-term pain for the company in the year ahead. That’s based on the January 2024 $15 put options. With 357 days until expiration, 5,000 contracts traded compared to a prior open interest of 112, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.88 to bet on a further drop in shares. The stock recently traded for about $28, so the stock would need to lose nearly half its value in the next year for the option to move in-th...

Shares of media giantParamount Global (PARA) have shed one-third of their value in the past year. One trader sees shares moving higher in the weeks ahead. That’s based on the February 17 $21.50 call. With 22 days until expiration, 3,066 contracts traded compared to a prior open interest of 114, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.97 to make the trade. Shares recently traded just under $21, so they’d need to rise about 3 percent in order for the option to move in-the-money. The option strike price is still well under the stock’s 52-week high of $3...

Shares of coffee chainStarbucks (SBUX) have bucked the market downtrend with a 7 percent gain over the past year. One trader sees that trend continuing in the coming months. That’s based on the April $115 calls. With 85 days until expiration, 121,998 contracts traded compared to a prior open interest of 2,448, for a 50-fold jump in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet. Shares recently traded for about $106, so they would need to rise $9, or about 8.5 percent for the option to move in-the-money. The move higher in shares has occurred as ear...

Shares of offshore oil and gas services companyTransocean (RIG) are up 83 percent over the past year. One trader sees a pullback in the next two months. That’s based on the March $5 puts. With 51 days until expiration, 13,472 contracts traded compared to a prior open interest of 108, for a 91-fold jump in volume on the trade. The buyer of the puts paid $0.22 to make the bearish bet. Shares recently traded for $6, so the stock would need to drop $1, or about 17 percent over the next two months. That would still leave shares well over their 52-week low of $2.32. Transocean has benef...

Shares of chipmakerIntel (INTC) are down 44 percent over the past year, about three times worse than the slide in the S&P 500. One trader sees the stock continuing lower over the next two years. That’s based on the January 2025 $13.00 put. With 725 days until expiration, 10,004 contracts traded compared to a prior open interest of 312, for a 32-fold jump in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Shares currently go for just over $28, or more than twice the strike price of the options, and shares have a 52-week low of $24.59. However, any...

Shares of chipmakerMicron Technology (MU) are down nearly one-third over the last year. One trader sees a further decline ahead for shares in the coming weeks. That’s based on the March 3 $48 puts. With 42 days until expiration, 2,658 contracts traded compared to a prior open interest of 103, for a 26-fold rise in volume on the trade. The buyer of the puts paid $0.52 to make the bearish bet. Shares recently traded for just over $56, so they would need to fall $8, or about 15 percent in the coming weeks for the options to move in-the-money. A price of $48 would also be right at Micron...

Shares of residential construction companyPulteGroup (PHM) are down 7 percent over the past year, about half as much as the S&P 500. One trader sees a further drop ahead for shares. That’s based on the April $50 puts. With 91 days until expiration, 8,437 contracts traded compared to a prior open interest of 182, for a 46-fold rise in volume on the trade. The buyer of the puts paid $2.78 to make the downside bet. Shares recently traded for about $51, so the stock would need to drop about 2 percent for the option to move in-the-money. PulteGroup shares have significantly rallied of...

Shares of drugstore and healthcare planning companyCVS Health Corporation (CVS) are down about in-line with the overall market in the past year. One trader sees shares moving higher in the coming month. That’s based on the February $87.50 calls. With 31 days until expiration, 15,089 contracts traded compared to a prior open interest of 360, for a 42-fold rise in volume on the trade. The buyer of the calls paid $3.95 to make the bullish bet. CVS shares trade close to $90, so the options are slightly in-the-money. Shares are still well off their 52-week high of $111.25. The healthca...

Shares of travel services companySabre Corporation (SABR) have shed about one-third of their price over the past year. One trader sees shares trending lower in the first half of this year. That’s based on the July $7.00 put. With 184 days until expiration, 42,714 contracts traded compared to a prior open interest of 110, for a 388-fold jump in volume on the trade. The buyer of the puts paid $1.22 to make the bearish bet. Shares last traded for just under $7, leaving these options slightly in-the-money. Shares have traded as low as $4.46 in the past year, and a move closer to that low...

Shares of consumer goods companyColgate-Palmolive Company (CL) lost 7 percent over the past year, declining about half as much as the S&P 500. One trader sees a further decline in the months ahead. That’s based on the May $62.50 puts. With 122 days until expiration, 8,317 contracts traded compared to a prior open interest of 257, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.33 to make the bearish bet. Shares recently traded close to $77, so they’d need to lose more than $15, or nearly 18 percent, for the option to move in-the-money. Plus, shares would ...