Shares of commodity producerFreeport-McMoRan (FCX) have been moving higher in recent sessions, and are nearly back to 52-week highs. One trader sees that trend continuing higher in the next month. That’s based on the February 18 $46 call. With 35 days until expiration, 81,983 contracts traded against a prior open interest of 235, for a 349-fold explosion in volume on the trade. The buyer of the calls paid $2.19 to get in. $46.10 is a 52-week high for shares, and less than 1 percent above the current price just over $45 per share. The stock has beaten the S&P 500 by 10 points in t...

Shares of video game publisherTake-Two Interactive (TTWO) dropped sharply on Monday as the company announced the merger offer for a rival. One trader sees shares recovering in the next two months. That’s based on the March $150 calls. With 63 days until expiration, 13,207 contracts traded against an open interest of 442, for a 30-fold jump in volume. The buyer of the calls paid $9.85 to make the trade. With shares right around $149, this is an at-the-money trade, which should head higher dollar-for-dollar with a move in shares, less any decline in time premium or volatility in the op...

Shares of insurerAflac Incorporated (AFL) outperformed the overall stock market in the last year. One trader sees the possibility of that outperformance continuing in the next few months. That’s based on the May $65 calls. With 127 days until expiration, 18,815 contracts traded compared to a prior open interest of 316, making for a 60-fold jump in volume. The buyer of the calls paid $2.08 to make the trade. With shares at a 52-week high around $63, it would only take a $2 rally, or less than half a percent, for the options to move in-the-money. Given the uptrend in shares, which has ...

Shares of oil and gas pipeline companyKinder Morgan Inc (KMI) have been rangebound over the past year, but are in an uptrend right now. One trader sees that trend continuing in the next few weeks. That’s based on the February 11 $18 calls. With just over 30 days to trade, 24,200 contracts traded compared to a prior open interest of 180, for a 135-fold jump higher in volume. The buyer of the calls paid $0.23 to make the trade. The company has been performing well operationally thanks to a robust energy market in the past year, but the range-bound nature of shares has led to an underpe...

Shares of software intelligence companyDynatrace (DT) have lost nearly one third of their value in the past few weeks. However, one trader sees the chance for a rebound ahead in shares. That’s based on the February $55 calls. With 39 days until expiration, 36,127 contracts traded against a prior open interest of 149, for a 242-fold rise in volume. The buyer of the calls paid $3.90 to make the trade. With shares just under $54, they would need to rise just under 2 percent for the options to move in-the-money. Even with the recent pullback, shares are still up over 30 percent in the...

Shares of oil and gas companyDevon Energy (DVN) have been in a strong uptrend for the past year. one trader sees the potential for a move even higher in the first half of this year. That’s based on the July $50 calls. With 188 days until expiration, 5,190 contracts traded compared to a prior open interest of 264, for a 20-fold rise in volume. The buyer of the option paid $4.68 to make the trade. Shares have a 52-week high of $48.67 and are trading just slightly off of that around $46.60, so shares would only need to rise just over 7 percent for this option to move in-the-money. Ev...

Shares of online pet supply retailerChewy (CHWY) have sunk nearly 40 percent over the past year, far underperforming the overall stock market. One trader sees the possibility for a strong rebound in the next few months. That’s based on the March $75 calls. With 70 days until expiration, 7,016 contracts traded against a prior open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid $0.60 to make the trade. With shares right around $55, the stock would need to jump about 37 percent in the next two and a half months for the option to move in-the-money. That’s agg...

Shares of cloud-based data platformSnowflake (SNOW) have been trending higher for months, although got caught in a downtrend toward the end of the year. One trader sees that trend reversing in the coming months. That’s based on the March $350 calls. With 71 days until expiration, 6,091 contracts traded against a prior open position of 152, for a 40-fold rise in volume. The buyer of the calls paid $24.50 to make the trade. The stock last traded for about $332, so a move to $350 would require shares to move just over 5 percent higher. With a 52-week high of $405, that looks easily achi...

Shares of communications technology companyHewlett Packard Enterprise Company (HPE) have been trending higher over the past year. One trader is betting that trend will continue over the next two years. That’s based on the January 2024 $10 calls. With 745 days until expiration, 1,585 contracts traded against an open interest of 102, for a 16-fold rise in volume. The buyer of the calls paid $6.30 to make the trade. Shares last traded near $16, making the calls already $6.00 in-the-money. That means buyers are paying a small premium to control shares at $10 over the next two years. T...

Shares of real estate analytics companyZillow Group (Z) are down nearly 53 percent in the past year, thanks to the company’s decision to try and buy and flip homes in a number of markets. One trader sees the selloff as over. That’s based on the June $75 calls. With 164 days until expiration, 5,000 contracts traded compared to an open interest of 310, for a 16-fold rise in volume. The buyer of the calls paid $4.48 to make the trade. Shares last traded near $60, so shares would need to rise $15, or 25 percent, for the option to move in-the-money. The stock bottomed out in November, ...