Shares of entertainment giantThe Walt Disney Company (DIS) have been sliding in recent months. One trader sees a further decline in the days ahead. That’s based on the May 20th $108 puts. With 14 days until expiration, 5,340 contracts traded compared to a prior open interest 156, for a 34-fold increase in volume on the trade. The buyer of the puts paid $1.71 to bet on a further decline in shares. Shares last traded around $116, so they would need to decline about 7 percent for the option to close in-the-money. The stock has been hit hard as streaming subscriptions have slowed acro...

Shares of oil and gas exploration companyAntero Resources Corporation (AR) are up over 240 percent in the past year. One trader sees a further rally in the months ahead. That’s based on the November $45 calls. With 197 days until expiration, 26,695 contracts traded compared to a prior open interest of 550, for a 49-fold rise in volume on the trade. The buyer of the calls paid $4.80 to make the bet. The stock recently traded for around $37, so shares would need to rise about $8, or 22 percent, for the option to move in-the-money. Shares are at a 52-week high, but are well off the peak...

Shares of cable providerComcast Corporation (CMCSA) hit a 52-week low on Monday before turning higher. But one trader is betting that the stock will continue to decline in the months ahead. That’s based on the October $30 puts. With 170 days left, 16,266 contracts traded compared to a prior open interest of 894, for an 18-fold rise in volume on the trade. The buyer of the puts paid $0.93 to enter the trade. Shares just traded near $40, so they would need to drop about $10, or 25 percent of their current value, for the option to move in-the-money. Given that the stock has traded as hi...

Shares of app brokerageRobinhood Markets (HOOD) have seen shares slide nearly 90 percent from their 52-week high as a slowing market has caused retail traders to scale back their activities. One trader sees a further decline ahead. That’s based on the August $8 puts. With 108 days until expiration, 10,650 contracts traded compared to an open interest of 200, for a 53-fold rise in volume on the trade. The buyer of the puts paid $1.04 to enter the trade. Shares recently traded around $9.80, so they would need to decline about 19 percent for the option to move in-the-money. Given how fi...

Shares of athletic apparel companyNike (NKE) have been in a downtrend for the past few months, but the share price has moderated in recent weeks. One trader sees the possibility for a rebound ahead. That’s based on the September $125 calls. With 137 days until expiration, 10,714 contracts traded compared to a prior open interest of 300, for a 36-fold jump in volume on the contract. The buyer of the calls paid $12.43 to get into the trade. Shares are going for about $127, so the option is already about $2 in-the-money. The strike price is well off of Nike’s 52-week high of $179 per sh...

Shares of mining giantFreeport-McMoRan (FCX) have been in a strong uptrend until the past few trading days, when shares quickly dropped. One trader sees the stock returning to rally mode. That’s based on the August $49 calls. With 112 days until expiration, 3,283 contracts traded compared to a prior open interest of 121, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.21 to get into the position. Shares last traded just under $42, so they would need to rise more than $7, or about 17.5 percent, for the calls to move in-the-money. Following the recent decli...

Shares of unattended retail market payment and software providerCantaloupe (CTLP) have shed nearly half their value in the past year. One trader is betting on a strong rebound in the coming months. That’s based on the September $7.50 calls. With 141 days until expiration, 21,673 contracts traded compared to a prior open interest of 464, for a 47-fold rise in volume on the trade. The buyer of the calls paid $0.32 to get into the position. Shares recently went for just over $5, so a move to $7.50 is about a 41 percent rally from here. The stock is close to a 52-week low in the low $5 r...

Shares of rental and leasing service companyFortress Transportation and Infrastructure Investors LLC (FTAI) have been sliding over the past year. However, one trader sees the potential for a move higher in the coming months. That’s based on the June $28 calls. With 51 days until expiration, 3,592 contracts traded compared to a prior open interest of 123, for a 29-fold rise in volume on the trade. The buyer of the calls paid $0.70 to get into the trade. Shares recently traded for about $24, so they would need to rise $4, or about 17 percent, for the option to move in the money. Whi...

Publishing software companyAdobe (ADBE) has been sliding well off its peak. One trader sees the potential for a strong rebound in the months ahead. That’s based on the July $575 calls. With 80 days until expiration, 1,405 contracts traded compared to a prior open interest of 110, for a 13-fold rise in volume on the trade. The buyer of the calls paid $0.90 to get in. Shares recently traded just under $410, so they would need to rise $165, or about 40 percent, for the option to move in-the-money. That’s still well under the stock’s 52-week high of $699.54. The stock is now down 20 p...

Oil and gas exploration companyEQT Corporation (EQT) have been soaring in the past few months, but shares have started to weaken recently. One trader sees the potential for a rebound in the weeks ahead. That’s based on the June $49 calls. With 53 days until expiration, 11,878 contracts traded compared to a prior open interest of 567, for a 21-fold jump in volume on the trade. The buyer of the calls paid $1.95 to enter the trade. Shares recently traded around $42, so they would need to rise $7, or about 17 percent for the option to move in-the-money. The strike price would also be jus...