Shares of consumer tech giantApple (AAPL) hit a new 52-week low this week. One trader sees shares rebounding in the coming weeks. That’s based on the January 20 $127 calls. With 21 days until expiration, 10,526 contracts traded compared to the prior open interest of 253, for a 42-fold jump in volume on the trade. The buyer of the calls paid $4.78 to make the trade. Apple shares recently traded for just over $126, making this an at-the-money trade. A sizeable rally in the coming weeks could lead to a big move higher for the options, although Apple will likely take a long time to get b...

Shares of payment companyBill.com Holdings (BILL) are down nearly 60 percent over the past year amid a slowdown in online payment processing. One trader sees a further decline ahead. That’s based on the February $120 puts. With 50 days until expiration, 10,116 contracts traded compared to a prior open interest of 194, for a 52-fold rise in volume on the trade. The buyer of the puts paid $23.65 to make the bearish bet. Shares recently traded for about $103, leaving the option about $17 in-the-money already. The stock hit a 52-week low just under $90 per share back in May before moving...

Shares of silver mining companyPan American Silver Corp (PAAS) have shed one-third of their value over the past year. One trader sees the stock moving higher in the next few weeks. That’s based on the February $20 calls. With 51 days until expiration, 5,297 contracts traded compared to a prior open interest of 135, for a 39-fold increase in volume on the trade. The buyer of the calls paid $0.38 to bet on a rally. The stock recently traded for just under $17, so shares would need to rise at least $3, or about 18 percent, for the option to move in-the-money. The stock is closer to its ...

Shares of theater chainAMC Entertainment Holdings (AMC) have shed 80 percent of their price over the past year as the company has lost its luster as a “meme stock.” One trader sees a further decline ahead for shares. That’s based on the April $3 puts. With 114 days until expiration, 15,957 contracts traded compared to a prior open interest of 104, for a staggering 153-fold rise in volume on the trade. The buyer of the puts paid $1.43 to make the bearish bet. Shares recently traded for just under $5, and the stock has 52-week low of just $4.11 per share, so there could be some immedia...

Shares of electronics retailerBest Buy Company (BBY) are down about 18 percent over the past year. One trader sees a bigger drop ahead. That’s based on the March $55 puts. With 80 days until expiration, 6,003 contracts traded compared to a prior open interest of 132, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.62 to get into the bearish trade. Shares recently traded for about $80, so they would need to drop a full $25, or 30 percent in the first quarter of 2023. And break to a new 52-week low, given the prior one of $60.78. The retailer has struggled t...

Shares of wireless communications equipment companyBlackBerry (BB) have shed more than half their value in the last year amid a big drop in tech stocks. One trader sees a further decline. That’s based on the June $4.00 puts. With 174 days until expiration, 4,255 contracts traded compared to a prior open interest of 151, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.82 to make the bet. The stock recently traded at a new 52-week low just under $4, making this an at-the-money trade. That also puts shares down over two-thirds from their 52-week high of $9.67. ...

Shares of global money center bankDeutsche Bank (DB) are down about 15 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the February 2023 $10 puts. With 57 days until expiration, 9,298 contracts traded compared to a prior open interest of 149, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.32 to make the downside bet. Shares recently traded for just over $11, so the stock would need to drop over 10 percent for the options to move in-the-money. The $10 strike price is till well under the 52-week low of $7.24 p...

Shares of hard drive manufacturer Seagate Technology (STX) have been cut in half over the past year amid slowing demand for computer and computer parts. One trader sees a further decline over the next two years. That’s based on the January 2025 $55 puts. With 758 days until expiration, 5,000 contracts traded compared to the prior open interest of 117, for a 28-fold rise in volume on the trade. The buyer of the puts paid $14.48 to make the trade. Shares recently traded near $50, meaning the options are already about $5.00 in-the-money. That could give them a further boost in the month...

Shares of 3D printing hardware and software provider3D Systems Corporation (DDD) has lost over 62 percent of its value in the past year. One trader sees a further drop ahead. That’s based on the February $8 puts. With 59 days until expiration, 3,473 contracts traded compared to a prior open interest of 128, for a 27-fold increase in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. The stock recently traded around $8.20, making this an at-the-money trade. That’s down from nearly $10 a few weeks ago, and shares look on track to re-test their 52-week lows o...

Shares of home improvement retailerThe Home Depot (HD) are down about in-line with the market over the past year. One trader sees a further drop in the weeks ahead. That’s based on the February 2023 $290 put. With 60 days until expiration, 13,502 contracts traded compared to a prior open interest of 311 for a 41-fold jump in volume on the trade. The buyer of the puts paid $4.03 to make the bearish bet. Home Depot shares recently traded just over $325, so the stock would need to drop about $35, or just over 10 percent, for the trade to move in-the-money. The strike price is still well...