Shares of freight and logistics companyFedEx Corporation (FDX) have lost over one-third of their value in the past year. One trader is betting on a further decline. That’s based on the July $180 put. With 56 days until expiration, 15,182 contracts traded compared to a prior open interest of 661, for a 23-fold rise in volume on the trade. The buyer of the puts paid $6.80 to get in. Shares are a little bit off their 52-week low of $193, so a drop to $180 would represent a new low for shares. Earnings are up nearly 25 percent over the past year, and revenue is up about 10 percent, bu...

Shares of internet hardware providerCisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead. That’s based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade. Shares last went for about $50, so the stock would need to decline about another 10 percent in order for the option to move in-the-money.  The stock is still well off its 52-week high near $65 pe...

Shares of gold producerAgnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That’s based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90. Shares last traded around $52, so they would need to rise over $28, or 54 percent, for the options to move in-the-money. That would also see shares ris...

Shares of regional bankSynchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than 15 percent for the trade to move in-the-money. That would still only place the bank down less than 50 percent from its 52-week high ...

Shares of Brazilian bankNu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That’s based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. Shares of the bank recently traded around $4.00, so they would need to decline by half in the next month in order for the option to move in-the-money. That’s a steep move, but given the...

Shares of metaverse platformRoblox (RBLX) have been at ground zero for the market selloff. One trader sees the potential for shares to decline even further. That’s based on the January 2024 $17.50 puts. With 616 days until expiration, 16,649 contracts traded against an open interest of 398, for a 49-fold jump in volume on the trade. The buyer of the puts paid $6.13 to get into the trade. The stock recently traded for about $24, so it would need to fall another 25 percent for the option to move in-the-money. Shares have traded as high as $141 in the past year, so the stock is already ...

Shares of building product companyMasco Corporation (MAS) have been sliding in recent months. However, one trader sees the possibility of a rebound in the coming weeks. That’s based on the July $60 calls. With 64 days until expiration, 6,004 contracts traded compared to a prior open interest of 151, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.77. Shares recently traded around $53, so the stock would need to rise about 13 percent for the option to move in-the-money. Such a rally would still leave shares well under their 52-week high of $71. Despite sha...

Shares of consumer tech giantApple (AAPL) have succumbed to the recent market decline, although shares are faring somewhat well given the company’s relatively strong cash flows and excellent branding. However, one trader sees further downside ahead. That’s based on the June 24th $125 puts. With 44 days until expiration, 13,129 contracts traded compared to an open interest of 122, for a 108-fold surge in volume on the trade. The buyer of the puts paid $1.46 to get into the trade. Shares are down just 17 percent from their 52-week high, and are still up 24 percent over the past year. T...

Shares of megabankWells Fargo Company (WFC) have lost over one quarter of their value since February. One trader sees room for a continued downtrend in the coming weeks. That’s based on the June 10th $44 puts. With 31 days until expiration, 11,374 contracts traded compared to a prior open interest of 143, for an 80-fold increase in volume on the trade. The buyer of the puts paid $1.87 to bet on a further drop in shares. Shares recently traded around $44.50, so they’d need to fall just over 11 percent in the next month for the put option to move in-the-money. The bank stock is unde...

Shares of payment companyBlock (SQ) have been in a sharp downtrend with other tech names in the past few months. One trader sees that trend continuing indefinitely. That’s based on the December $90 puts. With 221 days until expiration, 1,329 contracts traded against a prior open interest of 109, for a 12-fold rise in volume. The buyer of the puts paid $18.20 to get into the trade. The stock last went for around $100 per share, so it would need to decline about 10 percent for the option to move in-the-money. Given that the stock is down about 50 percent over the past year, and over tw...