Shares of hotel chainMarriott International (MAR) have been in an uptrend over the past few months, with a big surge in recent weeks. One trader sees a potential move higher in the coming months. That’s based on the July $160 calls. With 84 days until expiration, 7,003 contracts traded compared to a prior open interest of 158, for a 44-fold jump in volume on the contracts. The buyer of the calls paid $34.00 to get into the trade. Shares of Marriott just went for about $190, meaning the calls are already about $30 in-the-money. They should move higher from here dollar-for-dollar with ...

Shares of airlinerAmerican Airlines (AAL) have been rallying higher in recent weeks. One trader sees the potential for a move higher in the coming months. That’s based on the November $25 calls. With 211 days until expiration, 12,293 contracts traded against a prior open interest of 375, for a 33-fold increase in volume on the contract. The buyer of the calls paid $1.33 to get into the trade. Shares recently traded just under $20, so the stock would need to rise just over 25 percent for the option to move in-the-money. A $25 price would also leave shares close to their 52-week high o...

Shares of chipmakerIntel (INTC) have been a poor performer in the past year, but the company has had some surges higher. One trader sees another such move playing out in the weeks ahead. That’s based on the May 28th $50 calls. With 37 days until expiration, 16,101 contracts traded against an open interest of 261, for a 71-fold surge in volume on the contract. The buyer of the calls paid $0.17 to get into the trade. Overall, Intel shares have slid 28 percent over the past year, and are well off their 52-week high of just under $65 per share. While growth has slowed relative to othe...

Shares of silica producerU.S. Silica Holdings (SLCA) have been in a strong uptrend, more than doubling since February. One trader sees a continued rally in shares. That’s based on the January 2023 $10 calls. With 276 days until expiration, 9,183 contracts traded compared to a prior open interest of 124, for a 74-fold increase in volume on the trade. The buyer of the calls paid $11.60 to get in. Shares recently traded around $20.50, indicating that the calls are about $10.90 in-the-money already, and the buyer is paying about $0.70 in time premium for the trade. The company’s silic...

Shares of telecom companyAT&T (T) dropped recently as the company completed a spinoff of its media properties. However, shares have been trending higher since. One trader sees a further move higher over the summer. That’s based on the September $22 calls. With 151 days until expiration, 3,603 contracts traded, a 24-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $0.35 to make the trade. With shares last going for about $19.50, the stock would need to rise nearly 13 percent to move in-the-money. The stock has traded as high as $34, so even when...

Shares of megabankBank of America (BAC) have been trending down in recent months, and shares just went negative over the past year. One trader sees the possibility for a rebound in the next few weeks. That’s based on the May 27 $50 calls. With 42 days until expiration, 10,023 contracts traded compared to a prior open interest of 278, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.34 to get into the trade. Shares last traded for just under $39, so they would need to rise about 3 percent for the option to move in-the-money. And it’s a reasonable price based o...

Shares of homebuilderPulteGroup (PHM) have been sliding in recent months. But one investor sees the possibility for a rally in the coming months. That’s based on the July $45 calls. With 92 days until expiration, 27,149 contracts traded compared to a prior open interest of 119, for a 228-fold rise in volume on the trade. The buyer of the calls paid $2.18 to get into the trade. Shares recently traded for just under $42, so shares would need to rally about 7 percent for the trade to move in-the-money. The homebuilder is down 23 percent in the past year. Earnings are up 51 percent ov...

Shares ofGeneral Motors (GM) are near a 52-week low thanks to high inflation, supply chain shortages impacting auto production, and the view of a slowing economy. One trader is betting on a rebound in the coming weeks. That’s based on the June $42 calls. With 65 days until expiration, 24,263 contracts traded hands, a 144-fold surge in volume compared to the prior open interest of 169. The buyer of the calls paid $2.32 to get into the trade. Shares recently traded just over $40, so they would need to move less than 5 percent higher for the options to move in-the-money. The stock is do...

Shares ofCarnival Cruise Lines (CCL) have been trading in a range over the past year. One trader sees shares, near the low end of their range right now, heading higher in the next few weeks. That’s based on the May 6th $18.50 calls. With 24 days until expiration, 15,210 contracts traded compared to an open interest of 122, for a 125-fold surge in volume on the trade. The buyer of the calls paid $1.10 to get into the trade. The stock last traded just over $18 per share, to the option is already an at-the-money trade. The cruise line shares are down about 34 percent since a year ago...

Shares ofKinross Gold Corp (KGC) have been knocked down over 20 percent in the past year, although shares have been starting to slightly trend up in the last week. One trader sees the possibility for a big move in shares. That’s based on the September $8 calls. With 158 days left to trade, 51,342 contracts traded compared to an open interest of 791, for a 65-fold jump in volume on the option. The buyer of the calls paid $0.22 to make the trade. The stock last went for just under $6, so shares would need to rise about $2, or 33 percent, for the options to move in-the-money. The stock ...