Shares of medical distribution companyCardinal Health (CAH) are down over the past year, and down 25 percent from their peak. One trader sees the possibility for a rebound in shares in the next few months. That’s based on the March $52.50 calls. With 104 days until expiration, over 10,570 contracts traded, a 21-fold jump in volume from the prior open interest of 502. The buyer of the calls paid $1.00 to make the trade. Shares last traded around $46, so shares would need to rise about 14 percent in the next few months for the call option to move in-the-money. Shares would still be wel...

Shares of biotech firmBridgeBio Pharma (BBIO) have been trending down in the past year, with a big decline recently. However, one trader sees a rebound in shares in the weeks ahead. That’s based on the January $75 call options. With 50 days until expiration, over 11,795 contracts traded against a prior open interest of 119, for a 100-fold surge in volume. The buyer of the calls paid $2.22 to make the trade. Shares recently traded around $40, so the $75 calls would require shares to rise at least $35, or 87 percent in the next 50 days. That would put shares on par with their 52-week h...

Shares of auto parts supplierGoodyear Tire & Rubber (GT) have been on a tear this year, more than tripling the returns on the S&P 500. One trader sees that overall trend continuing in the next few days following last week’s market pullback. That’s based on the December 10 $22 calls. With 9 days until expiration, over 5,210 contracts traded against an open interest of 107, for a 49-fold rise in volume. The buyer of the calls paid $0.35 to make the trade. Shares last traded just under $21, so they would need to rise a little over 5 percent in the next few days for the option to...

Shares of passenger carrierAmerican Airlines (AAL) dropped nearly 9 percent on Friday, following the announcement of a new Covid variant. One trader is betting on a rebound in the months ahead. That’s based on the June $17 calls. With 198 days until expiration, over 4,690 contracts traded, a 31-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $1.19 to do so. Shares last traded around $17.75, meaning the option is already $0.75 in-the-money, an that the actual cost to bet on a move higher is substantially lower. Even with the recent drop, the air...

Shares of cloud communications software companyKaleyra (KLR) have been rangebound over the past few months. However, one trader sees the possibility for shares to move higher in the next few months. That’s based on the May $12.50 calls. With 172 days until expiration, over 7,990 contracts traded compared to a prior open interest of 329, for a 24-fold rise in volume. The buyer of the calls paid $1.180 for the trade. With shares last trading just over $11, the stock would need to rally about 14 percent for the option to move in-the-money. That would also put the company well under the ...

Shares of telecom companyLumen Technologies (LUMN) jumped higher at the start of November, reversing a downtrend in place since April. One trader sees the rally continuing in the months ahead. That’s based on the June 17 $20 call options. With 202 days left on the trade, over 3,965 contracts traded hands, a 31-fold jump in volume from the prior open interest of 128. The buyer of the calls paid $0.30 to make the trade. Shares recently traded just under $14, so the shares would need to rally about 45 percent for the options to move in-the-money. With a 52-week high of $16.60, it would ...

Shares of pharma companyDicerna Pharmaceuticals (DRNA) soared higher one week ago following a buyout offer of $38.25 per share. One trader sees the potential for a higher offer in the works in the coming weeks. That’s based on the January $40 calls. With 57 days until expiration, over 9,365 contracts traded, an 84-fold jump in volume from the prior open interest of 112. The buyer of the calls paid $0.15 to make the trade. Shares closed just under $38, indicating a high likelihood that the deal would go through without a hitch. Buying a call option here, particularly one above the ...

Shares of food conglomerateKraft Heinz Corp (KHC) have been gradually trending higher over the past few months. One trader is betting on a further rally in the coming weeks. That’s based on the December 3 $36 calls. Expiring at the end of next week, over 20,817 contracts recently traded, a 135-fold jump from the prior open interest of 154 contracts. The buyer of the calls paid $0.28 to make the trade. Shares last went for about $35 per share, so the stock would need to rise only about 3 percent for the trade to move in-the-money. That’s possible, but unlikely, given the small amount ...

Shares of brokerage firmRobinhood Markets (HOOD) have been trending down since shortly after the company went public earlier in the year. One trader, however, sees the possibility for a rebound from here. That’s based on the May $55 calls. With 177 days left on the trade, 3,710 contracts traded against an open interest of 129, for a 29-fold jump in volume. The buyer of the calls paid $1.64 to make the trade. The stock last went for around $29 per share, right at an all-time low for shares compared to a high of $85. The strike price of $55 would require a 90 percent jump higher in sha...

Shares of chipmakerAdvanced Micro Devices (AMD) have been on a tear, roughly doubling over the past six months. With the rate of returns increasing, one trader is betting on a further move higher in the next few days. That’s based on the December 3 $190 call options. With 11 days until expiration, over 3,050 contracts traded, a 28-fold rise in volume from the prior open interest of 110 contracts. The buyer of the calls paid $0.47 for the trade. Shares trade for around $155, so a move to $190 would require a 22 percent move higher in the coming days. That’s a bit of a stretch, but ...