Shares of uranium producerCameco (CCJ) have been trending higher as traders have become interested in the commodity. One trader sees substantial upside ahead in the coming weeks. That’s based on the May $40 calls. With 40 days until expiration, 33,241 contracts traded against a prior open interest of 157, for a 212-fold surge in volume on the trade. The buyer of the calls paid $0.37 to make the buy. With shares just over $28 recently, the stock would need to rise about 40 percent for the options to move in-the-money. Shares are already up about 64 percent over the past year, even ...

Shares of consumer tech giantApple (AAPL) have been in a range near all-time highs over the past few months. One trader sees shares moving higher in the coming weeks. That’s based on the May 13th $180 calls. With 36 days left until expiration, 16,046 contracts traded compared to a prior open interest of 330, for a 49-fold jump in volume on the contract. The buyer of the calls paid $3.90 to get into the trade. The stock recently traded near $175, so shares would need to rise about $5, or just under 3 percent, for the option to move in-the-money. Apple reports earnings on April 28, whi...

Shares of healthcare services companyTenet Healthcare Corporation (THC) have been steadily rising over the past year. One trader sees the possibility for further gains in the next few weeks. That’s based on the May $85 calls. With 44 days until expiration, 2,550 contracts traded compared to an open interest of 100, for a 25-fold rise in volume on the trade. The buyer of the calls paid $4.10 to enter the position. The stock recently traded near $82.50, so shares would need to rise about $2.50, or just over 3 percent, for the option to move in-the-money. Given the steady rise in shares...

Shares of remote healthcare consultation companyTeladoc Health (TDOC) have been in a steady downtrend over the past year. One trader sees that trend reversing with a rally in the coming weeks. That’s based on the May $75 calls. With 45 days until expiration, 2,657 contracts traded compared to a prior open interest of 106, for a 25-fold increase in volume on the trade. The buyer of the calls paid $7.00 to get into the position. With shares just under $74, they would need to rise less than 5 percent in the next 6 weeks for the option trade to move in-the-money. The strike price is also...

Shares of supply chain service companyFlex (FLEX) have been trading in a range over the past year. The stock has recently bounced to the top end of its range, and one trader is betting on a new breakthrough in the coming weeks. That’s based on the May $20 calls. With 46 days until expiration, 10,639 contracts traded compared to an open interest of 202, for a 53-fold surge in volume. The buyer of the calls paid $0.60 to make the trade. Shares recently traded for about $18.50, so they would need to rise just under 10 percent to move in-the-money in the next few weeks. The company is al...

Shares of trucking companyKnight-Swift Transportation Holdings (KNX) have been in an uptrend for the past few months. One trader sees the rally losing steam in the coming weeks. That’s based on the May $45 puts. With 49 days until expiration, 7,549 contracts traded compared to a prior interest of 202, for a 37-fold rise in volume. The buyer of the puts paid $0.45 to make the trade. Shares of the trucking company are up 12 percent over the past year, just slightly lagging the S&P 500 index. But the real issue comes from rising fuel costs, which will likely weigh on profitability, ...

Shares of banking technology companyFidelity National Information Services (FIS) have been in a steady downtrend over the past year, shedding more than a third of their value. Shares have started to trend up in recent weeks, and now one trader sees further upside ahead. That’s based on the July $140 calls. With 106 days until expiration, 39,195 contracts traded against a prior open interest of 248, for a staggering 158-fold surge in volume. The buyer of the calls paid $0.43 to make the trade. Shares currently go for about $102, so they would need to rise nearly 40 percent for the opt...

Shares of social media companySnap Inc (SNAP) have been trying to break out of a downtrend in recent weeks. One trader sees a moderate move higher in the next few days. That’s based on the April 8th $40 calls. With 9 days until expiration, 8,050 contracts traded compared to a prior open interest of 148, for a 54-fold surge in volume on the trade. The buyer of the calls paid $0.44 to make the buy. Shares lased traded just over $36, so they would need to rise about 10 percent by the end of next week in order for the option to move in-the-money. The social media company has seen shar...

Shares of oil and gas exploration companyRange Resources Corporation (RRC) have been steadily rising over the past year. One trader sees that trend continuing through the rest of the year. That’s based on the January 2023 $40 calls. With 297 days until expiration, 6,378 contracts traded compared to an open interest of 224, for a 28-fold jump in volume. The buyer of the calls paid $4.90 to get into the trade. Shares of the company recently went for about $31.50, so they would need to rise about $8.50, or another 27 percent, for the option to move in-the-money. With shares up nearly 20...

Shares of chipmakerIntel (INTC) have been trading in a range over the past year, with the stock price currently on the uptrend. One trader sees that move continuing in the next few weeks. That’s based on the April 22 $55 calls. With 25 days until expiration, 29,053 contracts traded compared to a prior open interest of 174, for a staggering 177-fold jump in volume on the trade. The buyer of the calls paid $0.66 to enter. The stock recently pushed to the $51.50 range, so shares would need to rise another $3.50 or about 7 percent for the call options to move in-the-money in the next mon...