Shares of semiconductor companyAdvanced Micro Devices (AMD) have lost more than half their value in the past year. One trader sees a rebound in the months ahead. That’s based on the March 2023 $55 calls. With 133 days until expiration, 20,093 contracts traded compared to a prior open interest of 541, for a 37-fold rise in volume on the trade. The buyer of the calls paid $10.63 to make the trade. The stock last traded just over $68.50, meaning the options are already about $3.50 in-the-money. The $55 strike price is near the stock’s 52-week low. On a rebound, shares may move to $80, b...

Shares of social media companyMeta Platforms (META) sank to a new 52-week low after earnings last week. One trader sees a further decline over the next year. That’s based on the January 2024 $25 put. With 442 days until expiration, 2,291 contracts traded compared to a prior open interest of 162, for a 14-fold rise in volume on the trade. The buyer of the puts paid $0.59 to make the trade. Shares recently traded just over $95, so the stock would need to decline about $70, or nearly 75 percent, for the option to move in-the-money. Given the stock’s 71 percent dop in the past year, such...

Shares of Chinese semiconductor companyDaqo New Energy Corp (DQ) are down nearly 40 percent in the past year. One trader sees a potential rebound ahead. That’s based on the December 16th $50 calls. With 44 days until expiration, 2,849 contracts traded compared to a prior open interest of 113, for a 25-fold rise in volume on the trade. The buyer of the calls paid $2.28 to get in. Shares recently traded for about $44, so they’d need to rise $6, or about 15 percent, in the next six weeks for the option to move in-the-money. The company has had some strong rallies in the past, so such...

Shares of marine shipping companyStar Bulk Carriers (SBLK) are down about 14 percent in the past year, as shipping rates have started to come off extreme highs. One trader sees an even bigger drop for shares ahead. That’s based on the December 16th $16 puts. With 45 days until expiration, 6,761 contracts traded compared to a prior open interest of 102, for a 66-fold rise in volume on the trade. The buyer of the puts paid $1.60. Shares recently went for just over $17.50, so they’d need to drop about $1.50, or about 8.5 percent, for the option to move in-the-money. That would also repr...

Shares of iron ore producerCleveland-Cliffs (CLF) have lost 40 percent of their value in the past year, more than double the drop in the S&P 500. One trader sees a further decline ahead. That’s based on the March 2023 $9 puts. With 137 days until expiration, 6,374 contracts traded compared to a prior open interest of 117, for a 54-fold rise in trading volume. The buyer of the puts paid $0.41 to get in. Shares recently traded near $14, so the stock would need to drop another $5 for the option to move in-the-money. That would be a further 35 percent drop in shares in the next few m...

Shares of gold mining operationAngloGold Ashanti (AU) are down 32 percent in the past year, amid a drop in gold-related stocks overall. One trader sees the potential for a surge higher at some point in the next six months. That’s based on the April 2023 $18 calls. With 175 days until expiration, 2,050 contracts traded compared to a prior open interest of 128, for a 16-fold rise in volume on the trade. The buyer of the calls paid $0.68. Shares recently traded around $13.50, so they’d need to rise about $4.50, or about 33 percent, for the option to move in-the-money. That would still b...

Shares of software feedback companyMomentive Global (MNTV) are down 70 percent in the past year. One trader sees a move higher in the coming weeks. That’s based on the December 16th $9.00 calls. With 50 days until expiration, 8,228 contracts traded compared to a prior open interest of 103, for an 80-fold rise in volume on the trade. The buyer of the calls paid $0.58 to make the bullish bet. Shares recently traded for about $8, so the stock would need to rise $1, or about 12.5 percent, in less than two months, for the option to move in-the-money. That’s still well under the 52-week hi...

Shares of semiconductor test systems companyAehr Test Systems (AEHR) have declined 2 percent in the past year, as a massive drop gave way to a recovery rally. One trader sees another drop ahead. That’s based on the March 2023 $22.50 puts. With 142 days until expiration, 2,016 contracts traded compared to a prior open interest of 101, for a 20-fold rise in volume on the trade. The buyer of the puts paid $5.35 to make the bearish bet. The stock recently traded just under $22, putting the option slightly in-the-money already. While shares have been flat overall in the past year, the sto...

Shares of packaged food companyB&G Foods (BGS) have been cut in half in the past year. One trader sees further downside in the months ahead. That’s based on the January 2023 $12.50 puts. With 87 days until expiration, the options saw a volume of 5,061 contracts, a 42-fold surge in volume from the prior open interest of 121. The buyer of the puts paid $0.85 to get into the trade. Shares recently traded closer to $14.50, so they’d need to fall about $2, or about 14 percent, for the option to move in-the-money. That would also mark a new 52-week low compared to the prior low of $14....

Shares of oil giantPetroleo Brasiliero (PBR) are up 48 percent in the past year thanks to strong energy prices. One trader sees a further rally in the coming weeks. That’s based on the November 11 $17 calls. With 18 days until expiration, 19,365 contracts traded compared to a prior open interest of 218, for an 89-fold jump in volume on the trade. The buyer of the calls paid $0.66 to get in. Shares recently traded near $15.50, so they’d need to rise about 10 percent, or $1.50, for the option to move in-the-money. That would also leave the stock setting a new 52-week high above its old...