Shares of cryptocurrency brokerage firmCoinbase (COIN) rallied after reporting dismal earnings, as the overall market surged higher on a lower-than-expected CPI report. One trader is betting the shares will decline from here. That’s based on the November $90 put options. With 98 days until expiration, 2,817 contracts traded compared to a prior open interest of 134, for a 21-fold rise in volume on the trade. The buyer of the puts paid $18.48 to make the trade. Shares recently traded for about $85, so the option is already in-the-money. That would still be well over the stock’s 52-week...

Shares of portable storage companyWillScot Mobile Mini Holdings Corp (WSC) are up nearly 47 percent in the past year. One trader sees a pullback ahead in the coming weeks. That’s based on the September $35 puts. With 36 days until expiration, 3,082 contracts traded compared to a prior open interest of 104, for a 30-fold increase in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. The stock last traded around $41, so it would need to shed $6, or nearly 15 percent, for the option to move in-the-money. A move lower would buck the company’s current uptrend, ...

Shares of discount retailerBig Lots Inc (BIG) have been trending down over the past year. One trader sees shares bucking that trend in the next month with a move higher. That’s based on the September $25 calls. With 37 days until expiration, 6,856 contracts traded compared to a prior open interest of 140, for a 49-fold rise in volume on the trade. The buyer of the calls paid $1.80 for the trade. The stock recently traded for just under $24, so the stock would only need to rise just over $1.00 for the option to move in-the-money. With shares down nearly 60 percent in the past year,...

Shares of theater chainAMC Entertainment Holdings (AMC) have been on a volatile ride in the past year, but the stock is down about 30 percent. One trader sees the possibility for a further drop in the months ahead. That’s based on the October $25 put option. With 73 days left until expiration, 4,829 contracts traded compared to a prior open interest of 147, for a 33-fold rise in volume on the trade. The buyer of the puts paid $7.30 to get in. The stock recently went for about $22, meaning these put options are already about $3.00 in-the-money. The theater chain is coming off a str...

Shares of medical devices companyPacific Biosciences of California (PACB) have lost about 85 percent of their value in the past year. One trader sees further downside going into the end of the year. That’s based on the January 2023 $5 puts. With 165 days until expiration, 6,463 contracts traded compared to a prior open interest of 170, for a 38-fold rise in volume on the trade. The buyer of the puts paid $1.05 to make the bearish bet. The stock recently traded around $5.80, so shares would need to drop about 14 percent for the option to move in-the-money. Shares have a 52-week low of...

Shares of data streaming companyConfluent (CFLT) have lost just over one-third of their value in the past year. One trader is betting that the trend will continue in the coming months. That’s based on the October $22.50 puts. With 77 days until expiration, 10,162 contracts traded compared to a prior open interest of 293, for a 35-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bet. Shares recently traded closer to $31. The stock would need to decline by $9, or about 30 percent, for the options to move in-the-money. That would still be well over the comp...

Shares of mortgage REITArbor Realty Trust (ABR) have shed about 7 percent of their value in the past year. One trader sees the potential for shares to drop even further. That’s based on the January 2024 $10 puts. With 533 days until expiration, 7,631 contracts traded compared to a prior open interest of 129, for a 59-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Shares recently traded around $15, so they would need to shed a little over one-third of their value for the put options to move in-the-money. And shares would have to break under...

Shares of British-based international bankBarclays PLC (BCS) have shed about 20 percent in the past year, as fears of a global recession have been on the rise. One trader sees the possibility for a rebound by next spring. That’s based on the March $9 calls. With 226 days until expiration, 4,023 contracts traded compared to a prior open interest of 100, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.53 to make the bet. Shares recently traded for about $8, so they’d need to rise $1 or just over 12 percent, for the options to move in-the-money. That would stil...

Shares of industrial equipment manufacturerCaterpillar (CAT) are down about 3 percent over the past year, but down 10 percent just since June. One trader is betting on a rebound in the coming months. That’s based on the October $220 calls. With 80 days until expiration, 28,242 contracts traded compared to a prior open interest of 162, for a massive 174-fold rise in volume on the trade. The buyer of the calls paid $4.83 to get in. Shares recently traded for just under $200, so it would take a 10 percent rally for the option to move in-the-money. The stock doesn’t seem too expensive...

Shares of gold mining firmNewmont Corporation (NEM) have shed 27 percent of their value over the past year, as gold has failed to keep up with inflation. One trader sees the potential for a rebound in the months ahead. That’s based on the December $50 calls. With 137 days until expiration, 5,411 contracts traded compared to a prior open interest of 314, for a 17-fold rise in volume on the trade. The buyer of the calls paid $0.80. Shares recently traded around $45, so they’d have to rise more than 10 percent to move in-the-money before the option expires. That would still leave the st...