Shares of credit service providerCapital One Financial (COF) are down about 40 percent in the past year. One trader sees further downside in the coming weeks. That’s based on the October 28 $90 puts. With 21 days until expiration, 20,715 contracts traded compared to a prior open interest of 395, for a 52-fold rise in volume on the trade. The buyer of the puts paid $1.70 to bet on a further drop in shares. The stock recently traded for about $99 per share, so the option would move in-the-money on a 10 percent decline in shares. The strike price is right at the stock’s 52-week low of $...

Shares of electric car manufacturerTesla Motors (TSLA) are down about 40 percent from their highs of last year. One trader sees shares rebounding in the next 11 months. That’s based on the September 2023 $360 calls. With 344 days until expiration, 8,553 contracts traded compared to a prior open interest of 506, for a 17-fold rise in volume on the trade. The buyer of the calls paid $26.42 to make the bet. Shares last traded for just under $250 per share, so they would need to rise $110 or 44 percent. Given the stock’s ability to make big moves, and with its split-adjusted 52-week high...

Shares of payment processing companyBlock (SQ) are down 75 percent from last year’s peak. One trader is betting on an oversold bounce higher for the stock from here. That’s based on the November $55 calls. With 44 days until expiration, 7,752 contracts traded compared to a prior open interest of 193, for a 40-fold rise in volume on the trade. The buyer of the calls paid $7.13 to make the bullish bet. The stock last traded for about $62 so the option is already in-the-money. The stock is near a 52-week low of $53.71, far off its high of $270 in the past year. While shares are down ...

Shares ofUnited Airlines Holdings (UAL) have declined 36 percent in the past year amid a dropping market and higher energy costs. One trader sees further downside ahead. That’s based on the January 2025 $20 puts. With 836 days until expiration, 16,154 contracts traded compared to a prior open interest of 171, for a 94-fold rise in volume on the trade. The buyer of the puts paid $3.11 to make the bearish bet. Shares of the airliner recently went for about $33, so they’d need to lose $13, or nearly 40 percent of their value, for the options to move in-the-money. The company is still...

Shares ofCarnival Corporation (CCL) have lost 60 percent of their value in the past year. One trader sees the potential for a further decline in the coming weeks. That’s based on the November $9 put. With 46 days until expiration, 5,155 contracts traded compared to a prior open interest of 127, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.11 to make the downside bet on the company. Shares recently traded right around $7.50, making this trade in-the-money. Carnival shares just broke through a 52-week low of $8.10 on Friday. The company’s financials show ...

Shares ofThe Coca-Cola Company (KO) are up about 6 percent in the past year, far outperforming the drop in the S&P 500. One trader sees shares continuing to rally in the coming weeks. That’s based on the October 21 $55 calls. With 21 days until expiration, 2,804 contracts traded compared to a prior open interest of 104, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.88 to get into the trade. Shares recently traded for just over $57, indicating that the options are already about $2 in-the-money. The strike price of the option is still well off its 52-wee...

Shares ofBank of America (BAC) are down 28 percent in the last year as lending activity has slowed amid a rise in interest rates. One trader sees a further decline over the next two years. That’s base on the January 2025 $32 puts. With 841 days until expiration, 15,002 contracts traded compared to a prior open interest of 935, for a 16-fold rise in volume on the trade. The buyer of the puts paid $6.03 to make the bet. Bank of America shares last traded around $30.50, indicating that the option is about $1.50 in-the-money, and is a bit inexpensive for a trade with over two years to pl...

Shares ofYamana Gold (AUY) are up 2 percent over the past year, even as gold prices have slid to a two-year low. One trader sees a potential for shares to trend even higher in the coming weeks. That’s based on the November $4.50 calls. With 51 days until expiration, 4,495 contracts traded compared to a prior open interest of 111, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.16 to make the bet. Shares last traded around $4.00, so they’d need to rise about $0.50, or 12.5 percent, for the option to move in-the-money. Some investors have been moving to gol...

Shares of asset managerFS KKR Capital Corp (FSK) are down about 15 percent, the same as the S&P 500, over the past year. One trader sees the possibility for a further decline in shares in the coming weeks. That’s based on the November 18 $17.50 puts. With 52 days until expiration, 15,775 contracts traded compared to a prior open interest of 257, for a 61-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bet. Shares recently traded for about $18.40, so the stock would need to drop about 5 percent for the options to move in-the-money. Shares have a 52-w...

Shares of social media giantMeta Platforms (META) have lost nearly 60 percent of their value in the past year. One trader sees a potential rebound in the months ahead. That’s based on the January 2023 $125 calls. With 116 days until expiration, 25,000 contracts traded compared to a prior open interest of 482, for a 52-fold surge in volume on the trade. The buyer of the calls paid $28.68 to make the bet. The stock recently traded closer to $140, making shares about $15 in-the-money already, accounting for a large percentage of the option’s cost. Shares still remain close to their 52-w...