Shares of casino operatorLas Vegas Sands (LVS) are up nearly 12 percent over the past year, amid a general market decline. However, one trader sees a drop ahead for shares going into the end of the year. That’s based on the December 16th $44 puts. With 29 days until expiration, 7,035 contracts traded compared to a prior open interest of 258, for a 27-fold rise in volume on the trade. The buyer of the puts paid $2.48. Shares recently traded for about $44.00, making this an at-the-money trade. Shares have a 52-week low of just under $29, which the stock traded at in late October before...

Shares of freight logistics platformFull Truck Alliance (YMM) are down nearly 60 percent over the last year. One trader sees a rebound in shares in the next month. That’s based on the December $10 calls. With 29 days until expiration, 13,846 contracts traded compared to a prior open interest of 561, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.23 to make the trade. Shares recently traded around $7.25, so the stock would need to rise about 38 percent for the options to move in-the-money. That would still leave the stock well off its 52-week high of $16.43....

Shares of electric vehicle manufacturerFisker (FSR) have lost 60 percent of their value in the past year. One trader sees a further drop ahead. That’s based on the December 16 $10 puts. With 30 days until expiration, 12,024 contracts traded compared to a prior open interest of 196, for a 61-fold rise in volume on the trade. The buyer of the puts paid $1.88 to make the bearish bet. Shares recently traded for about $8.50, meaning the options are about $1.50 in-the-money already. Fisker shares have recently had a strong bounce off their 52-week low of $6.41. The EV manufacturer is st...

Shares of database software companyOracle (ORCL) are up nearly 30 percent in the past month following the stock market’s strong rebound. One trader sees a short-term pullback ahead. That’s based on the December 2 $75 puts. With 17 days until expiration, 2,565 contracts traded compared to a prior open interest of 129, for a 20-fold rise in volume on the trade. The buyer of the puts paid $1.02 to make the bearish bet. Shares recently traded for just over $77, so the stock would need to fall about $2, or just under 3 percent, for the options to move in-the-money. The company is one w...

Shares ofAmerican Airlines Group (AAL) have been trading in a range over the past few months. One trader sees shares heading higher in the coming weeks. That’s based on the December 23 $17.50 calls. With 39 days until expiration, 11,589 contracts traded compared to a prior open interest of 100, for a 116-fold rise in volume on the trade. The buyer of the calls paid $0.22 to make the bullish bet. The stock recently traded for about $15, so shares would need to rally $2.50, or about 17 percent, for the options to move in-the-money. That’s a steep move, but shares have been known to mak...

Shares of brokerageRobinhood Markets (HOOD) have been slammed in recent sessions amid a selloff in cryptocurrencies. One trader sees a further decline in the coming months. That’s based on the February 2023 $4 puts. With 98 days until expiration, 3,284 contracts traded compared to a prior open interest of 150, for a 22-fold rise in volume on the trade. The buyer of the puts paid $0.65 to make the bet. Shares recently traded just over $8, so the stock would need to be cut in half for the option trade to move in-the-money. Given that shares lost a third of their value in the past week,...

Shares of apparel companyHanesbrands Inc (HBI) have lost 60 percent of their value in the past year. One trader sees a further decline in shares in the next few weeks. That’s based on the December 16 $5 put options. With 36 days until expiration, 8,489 contracts traded compared to a prior open interest of 101, for an 84-fold rise in volume on the trade. The buyer of he puts paid $0.08 to make the bet. Shares recently traded for just over $7, so the stock would need to fall $2, or about 29 percent, for the options to move in-the-money. A strike price of $5 would also be well under the...

Shares of coffee chainStarbucks (SBUX) have rebounded strongly off of earnings in the past few days. One trader sees a further rally in shares over the months ahead. That’s based on the March $115 calls. With 127 days until expiration, 86,914 contracts traded compared to a prior open interest of 330, for a staggering 263-fold jump in volume on the trade. The buyer of the calls paid $0.89 to make the bet. Shares recently traded around $90, so they would need to rise about $25, or about 28 percent, for the option to move in-the-money. The strike price of $115 is close to the prior 52-w...

Shares of search engine giantAlphabet (GOOG) have shed 44 percent of their price in the past year. One trader sees a further decline ahead for shares in the next month. That’s based on the December 9 $80 puts. With 31 days until expiration, 12,579 shares traded compared to a prior open interest of 183, for a 68-fold jump in volume on the trade. The buyer of the puts paid $1.42 to make the bearish bet. Shares recently traded just over $86, so the stock would need to decline about 8 percent in the next month for the option to move in-the-money. It would also require shares to break bel...

Shares of oil and gas exploration companyDevon Energy Corporation (DVN) are up about 60 percent in the past year. One trader sees a further rally in shares in the coming weeks. That’s based on the November 25 $76 calls. With 18 days until expiration, 14,059 contracts traded compared to a prior open interest of 243, for a 45-fold rise in volume on the trade. The buyer of the calls paid $1.23 to make the bullish bet. Shares recently traded near $71, so they’d need to rise about $5, or just over 7 percent, for the option to move in-the-money. Devon stock was trending towards $80 befo...