Shares of online retailerShopify (SHOP) have shed nearly 80 percent of their value in the past year as tech stock valuations have dropped. One trader sees shares potentially stabilizing and moving higher from here. That’s based on the November $25 calls. With 112 days until expiration, 25,039 contracts traded compared to a prior open interest of 115, for a staggering 218-fold jump in volume on the trade. The buyer of the calls paid $12.35 to get in. The stock recently traded just over $35, meaning the options are already about $10.00 in-the-money. A further rise in shares should see ...

Shares of pesticide control companyRollins Inc. (ROL) have traded flat over the past year. One trader sees the possibility for a decline in the weeks ahead. That’s based on the August $35 puts. With 22 days until expiration, 12,561 contracts traded compared to a prior open interest of 206, for a 61-fold rise in volume on the trade. The buyer of the puts paid $1.88 to get into the trade. The stock recently traded just over $36, so the stock would need to drop less than 4 percent for the option to move in-the-money. Shares trade for over 50 times earnings, and the company has seen e...

Shares of medical diagnostic device companyAbbott Laboratories (ABT) are down just under 10 percent in the past year. One trader is betting that shares will trend lower in the coming months. That’s based on the November $80 puts. With 114 days until expiration, 11,118 contracts traded compared to a prior open interest of 118, for a massive 118-fold rise in volume on the trade. The buyer of the puts paid $0.68 to make the trade. The stock recently traded for around $108, so they would need to decline just over 25 percent in the coming months for the option to move in-the-money. Whi...

Shares of search engine giantAlphabet (GOOGL) have shed nearly 20 percent of their value in the past year. One trader sees the potential for a further decline in shares in the next 14 months. That’s based on the September 2023 $53 puts. With 416 days until expiration, 6,299 contracts traded compared to a prior open interest of 150, for a 42-fold rise in volume on the trade. The buyer of the pus paid $0.88 to make the bearish bet. The stock is at a post-split price just under $108 right now, making a strike price of 53 a haircut of just over 50 percent for investors today. That’s also...

Shares of shipping and logistics companyUnited Parcel Service (UPS) are down about 12 percent over the past year. One trader is betting on a rally in the next few weeks. That’s based on the August $205 calls. With 25 days until expiration, 5,468 contracts traded compared to a prior open interest of 173, for a 32-fold rise in volume on the trade. The buyer of the calls paid $1.58 to make the trade. Shares recently traded for about $187, so they would need to rise $18, or about 10 percent, for the options to move in-the-money. That would still be well under the stock’s 52-week high nea...

Shares of casino giantLas Vegas Sands (LVS) are down about 28 percent in the past year. One trader is betting on a potential rebound in the coming months. That’s based on the October $40 calls. With 91 days until expiration, 7,891 contracts traded compared to a prior open interest of 125, for a 63-fold rise in volume on the trade. The buyer of the calls paid $2.71 to make the trade. Shares are just over $37, so they would need to rise a little over 10 percent for the option trade to move in-the-money. Casinos tend to be sensitive to changes in the economy, so the option trade is a...

Shares of pharmaceutical giantBristol Myers Squibb (BMY) are up about 10 percent over the past year. One trader is betting that shares will continue higher in the next month. That’s based on the August $70 calls. With 29 days until expiration, 6,809 contracts traded compared to a prior open interest of 129, for a 53-fold jump in volume on the trade. The buyer of the calls paid $4.23 to make the bet. Shares recently traded for just over $73, making these options about $3 in-the-money already. The stock has been somewhat rangebound so far this year after a modest rally last year. Sh...

Shares of consumer tech giantApple (AAPL) sank 2 percent on Monday on news that hiring would slow at the company. One trader sees shares shaking off the news and moving higher in the next few weeks. That’s based on the August 26th $147 calls. With 37 days until expiration, 15,718 contracts traded compared to a prior open interest of 176, for an 89-fold surge in volume. The buyer of the calls paid $6.93 to make the trade. The stock recently traded for $147, making this an at-the-money trade. Shares have a 52-week high near $183, or about 25 percent higher from where the stock currentl...

Shares of oil and gas exploration companyEQT Corporation (EQT) are up 90 percent over the past year. One trader is betting that shares will rebound back to their 52-week highs in the coming months. That’s based on the December $40 calls. With 150 days until expiration, 4,632 contracts traded compared to a prior open interest of 101, for a 46-fold rise in volume on the trade. The buyer of the calls paid $4.90 to get into the position. Shares currently trade just under $37, so they would need to rise less than 10 percent for the option to move in-the-money between now and December. The...

Shares of mortgage REITAnnaly Capital Management (NLY) have slid 27 percent in the past year, as interest rates have started to rise and the housing market has started to slow. One trader sees the possibility for a further drop. That’s based on the September $5 puts. With 60 days until expiration, 21,750 contracts traded compared to a prior open interest of 378, for a 58-fold rise in volume on the trade. The buyer of the puts paid $0.10 to make the trade. Shares recently traded around $6, so they would need to drop another $1 for the option to move in-the-money. The stock has a 52-we...