Shares of pharmaceutical and medical device companyBausch Health Companies (BHC) have been in a steady decline over the past year. One trader sees the potential for a rebound in shares in the coming months. That’s based on the July $32 calls. With 125 days until expiration, 6,395 contracts traded compared to a prior open interest of 182, for a 35-fold rise in volume. The buyer of the calls paid $0.38 to make the trade. Shares last traded for about $23, so they would need to rise $9, or about 39 percent for the option to move in-the-money. Given that shares have a 52-week high of abou...

Shares of display technologyCorning International (GLW) are down slightly over the past year. One trader sees a rebound ahead in the coming months. That’s based on the May $42 calls. With 70 days until expiration, 18,242 contracts traded compared to a prior open interest of 585, for a 31-fold jump in volume. The buyer of the calls paid $0.87 to make the trade. Shares last traded around $37, so they would need to rise $5, or about 13.5 percent, for the option to move in-the-money. Corning stock has traded as high as $47 in the past year, so this strike price is about halfway between t...

Shares of coal companyPeabody Energy Corporation (BTU) have been volatile in recent sessions. One trader sees the possibility for a continued move higher this year. That’s based on the December $30 calls. With 282 days until expiration, 8,693 contracts traded compared to a prior open interest of 323, for a 27-fold jump in trading volume. The buyer of the call options paid $5.25 to make the trade. Shares were recently going for around $22, so they would need to rise $8, or about 36 percent, for the call option to move in-the-money. With shares off a 52-week high of $27, such a move be...

Shares of information technology firmNCR Corporation (NCR) have been trading in a range over the past year. One trader sees shares rallying from this lower part of its range to the higher part. That’s based on the July $40 calls. With 128 days until expiration, 3,411 contracts traded compared to a prior open interest of 142, for a 24-fold jump in volume. The buyer of the calls paid $3.15 to get into the trade. With shares currently around $36.50, the option would move in-the-money if shares rallied about 9.5 percent from here. Given the stock’s 52-week high of $50, such a move loo...

Shares of iron ore producerVale (VALE) have been rising in recent weeks as commodity prices have been soaring higher. One trader sees the possibility for a further move from here. That’s based on the September $25 calls. With 192 days until expiration, 7,504 contracts traded hands compared to a prior open interest of 128, for a 59-fold jump in volume on the trade. The buyer of the calls paid $0.69 to make the trade. Shares last traded around $20, so they would need to rise $5, or about 25 percent, for the option to move in-the-money. The stock has a 52-week high of $23, so shares wou...

Shares of chipmakerAdvanced Micro Devices (AMD) have been more volatile than the overall market in recent months. One trader sees shares moving higher in the next upswing in the market. That’s based on the March 11 $127 calls. With 7 days until expiration, 7,830 contracts traded compared to a prior open interest of 599, for a 13-fold jump in volume. The buyer of the calls paid $0.46 to make the trade. Shares recently traded around $114, so they would need to rally about $13, or about 11 percent, for the option to move in-the-money. Given the daily volatility in shares, a move like th...

Shares of gold mining operatorKinross Gold Corp (KGC) are near a 52-week low even as gold prices have started to heat up. One trader sees the potential for a big move higher in the coming months. That’s based on the July $6 calls. With 133 days until expiration, 5,825 contracts traded compared to a prior open interest of 146, for a 40-fold jump in volume on the trade. The buyer of the calls paid $0.34 to make the trade. Shares of the gold mining company are down about 21 percent over the past year, even as the metal itself has performed better with a slight gain. Revenue is likewise ...

Shares of retailerBed Bath & Beyond (BBBY) have traded down over the past year, after shares surged higher following a near-miss with bankruptcy. One trader sees a further rally in shares possible in the coming months. That’s based on the January 2023 $60 call. With 324 days until expiration, 4,519 contracts traded compared to an open interest of 266, for a 17-fold jump in volume. The buyer of the calls paid $1.18 for the option. Shares trade for about $17. For a move to $60, shares would need to rise over 250 percent between now and January. That’s a big move higher, particularl...

Shares of pipeline companyKinder Morgan Inc (KMI) are up about 11 percent in the past year, about in-line with the S&P 500. One trader sees a further rally in shares from here. That’s based on the April 1 $18 calls. With 30 days until expiration, 6,102 contracts traded against a prior open interest of 145, for a 62-fold increase in trading volume. The buyer of the calls paid $0.18 to make the trade. Shares recently traded for just over $17, so they would need to rise $1 for the option to move in-the-money. The stock has a 52-week high of just over $19, so it’s certainly possible,...

Shares of discount clothing retailerKohl’s Corporation (KSS) jumped higher earlier this year on a report that the company had received a buyout offer. While the company has downplayed any buyout offer, one trader is betting that one could occur in the first half of the year. That’s based on the July $60 calls. With 136 days until expiration, 6,124 contracts traded compared to a prior open interest of 202, for a 30-fold jump in volume. The buyer of the calls paid $4.90 to make the trade. The stock recently went for just under $56, so shares would need to rise about 7 percent for the o...