Shares of consumer tech giantApple (AAPL) have held up better than most tech stocks in the past year. However, one trader sees shares continuing their recent downtrend in the coming weeks. That’s based on the October $133 puts. With 28 days until expiration, 2,410 contracts traded compared to a prior open interest of 104, for a 23-fold rise in volume on the trade. The buyer of the puts paid $0.90 to get into the trade. Shares recently traded for about $154, so the stock would need to drop nearly 15 percent in about a month for the option to close in-the-money. That would put the stoc...

Shares of video game retail platformGameStop (GME) are down 39 percent over the past year, nearly four times as much as the overall stock market. One trader sees a further decline in the coming weeks. That’s based on the November 18th $26.25 put options. With 57 days until expiration, 4,550 contracts traded compared to a prior open interest of 149, for a 31-fold rise in volume on the trade. The buyer of the puts paid $4.08 to make the bet. The stock recently traded closer to $27.50, so shares would need to fall about $1.25, or less than 5 percent for the option to move in-the-money. ...

Shares of metaverse gaming platformRoblox Corporation (RBLX) are down nearly 50 percent in the past year on a drop in tech stocks. One trader sees the potential for a jump higher in the coming days. That’s based on the October 7th $45 calls. With 16 days until expiration, 4,847 contracts traded compared to a prior open interest of 155, for a 31-fold increase in volume on the trade. The buyer of the calls paid $0.51 to make the bet. Shares recently traded around $37, so they would need to rise about 22 percent in just over two weeks for the option to close in-the-money. The stock has ...

Shares of aluminum producerAlcoa Corporation (AA) are down about in-line with the S&P 500 over the past year. One trader is betting that the company will move far lower in the coming weeks. That’s based on the November $25 puts. With 59 days until expiration, 8,617 contracts traded compared to a prior open interest of 166, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.32 to make the bet. Shares recently traded just over $42, so they would need to shed nearly 40 percent of their value in less than two months for the trade to move in-the-money. And with a...

Shares of real estate analytics companyZillow Group (Z) are down 61 percent over the past year, with shares dropping well ahead of the current slowdown in the housing market. One trader sees a further drop ahead. That’s based on the October $40 puts. With 32 days until expiration, 6,502 contracts trade compared to a prior open interest of 173, for a 38-fold rise in volume on the trade. The buyer of the puts paid $5.48 to make the bet. Shares of Zillow recently traded just over $35, so the puts are already over $4 in-the-money. However, the stock is well over its 52-week low of $29 pe...

Shares of chipmakerIntel (INTC) have struggled in the past year, with shares down nearly 47 percent. One trader sees the possibility for a further drop in shares in the coming months. That’s based on the March 2023 $20 puts. With 182 days until expiration, 4,227 contracts traded compared to a prior open interest of 217, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.60 to get in. The stock recently traded close to $29, so it would need to shed nearly one-third of its value in the next six months for the option to move in-the-money. Shares are also at a 52-we...

Shares of gold producerAgnico Eagle Mines (AEM) have been volatile with gold prices in the past year. They’re now down 20 percent. And one trader sees the potential for a further decline in the coming weeks. That’s based on the October $35 puts. With 36 days until expiration, 4,011 contracts traded compared to a prior open interest of 250, for a 16-fold rise in volume on the trade. The buyer of the puts paid $3.50 to get in. Shares recently traded around $43, making the options already about $2.00 in-the-money. Shares have a 52-week low of $38. While gold prices have been range-tr...

Shares of beverage giantCoca-Cola (KO) have handily beaten the bear market of 2022 with an 11 percent gain in the past year. One trader sees the stock giving back some of that outperformance in the months ahead. That’s based on the December $47.50 put. With 93 days until expiration, 6,800 contracts traded compared to a prior open interest of 216, for a 31-fold rise in volume on the trade. The buyer of the puts paid $0.23 to make the bet. The stock recently traded closer to $62.50. So shares would need to decline about 25 percent for the option to move in-the-money. While that seems u...

Shares of fast-food giantThe Wendy’s Company (WEN) have performed about in-line with the stock market over the past year. One trader sees shares bucking that trend with a move higher in the coming weeks. That’s based on the November $20 calls. With 66 days until expiration, 62,762 contracts traded compared to a prior open interest of 904, for a 39-fold jump in volume on the trade. The buyer of the calls paid $1.63 to get into the trade. Shares recently traded around $20.50, meaning the options are trading about $0.50 in-the-money. Wendy’s has a 52-week high near $24.50, suggesting ab...

Shares of oil and gas giantPetroleo Brasileiro (PBR) are up 38 percent in the past year thanks to strong global energy prices. One trader sees a decline in the coming weeks. That’s based on the September 30 $12.50 puts. With 18 days until expiration, 29,427 contracts traded compared to a prior open interest of 199, for a staggering 148-fold rise in volume on the trade. The buyer of the puts paid $0.29. Shares recently traded just over $13.50, so they would need to drop $1.00, or about 8 percent, for the option to move in-the-money. The strike price also leaves shares well off their 5...