Shares of retail giantTarget (TGT) dropped earlier this week despite a solid earnings report. One trader sees the likelihood that shares will recover from the drop and start moving higher. That’s based on the December 31 $270 calls. With 42 days until expiration, over 2,070 contracts traded, an 18-fold rise in volume from the prior open interest of 116. The buyer of the calls paid $3.33 to make the trade. With shares around $255, the stock would need to rise $15, or about 6 percent for the trade to move in-the-money. With a 52-week high of $270, the trade is a bet that shares will bo...

Shares of hotel chainHilton Worldwide Holdings (HLT) have been gradually rising over the past year. One trader is betting that the steady move higher will continue over the next year. That’s based on the January 2023 $150 calls. With 428 days until expiation, 8,790 contracts traded against a prior open interest of 155, marking a 57-fold jump in volume. The buyer of the calls paid $16.15 for the trade. With shares around $142, the option will move in-the-money on less than a 6 percent rally in shares. With the stock up 38 percent in the past year, beating the S&P 500 by about 5 po...

Shares of graphics processing companyNvidia (NVDA) have seen a big move higher since tech stocks rebounded in the past two months. One trader sees the possibility of a sizeable pullback here. That’s based on the February $320 puts. With 93 days left until expiration, over 5,010 contracts traded against a prior open interest of 104, for a 48-fold rise in volume. The buyer of the puts paid $40.68 for the contracts on average. With shares around $300 at the moment, the $320 strike price makes this option about $20 in-the-money already. Shares of the company have been a top performer,...

Shares of pot producerAurora Cannabis (ACB) have been trending higher in the past few weeks, thanks to strong earnings in the sector. One trader sees shares moving even higher in the coming weeks. That’s based on the December 3 $9.00 calls. Over 26,340 contracts traded against an open interest of 199, for a 221-fold jump in volume. The trade has 17 days left to play out. The buyer of the calls paid $0.70 to make the trade. With shares already rallying to about $8.50, a move to $9 would be about another 6 percent rally higher, something the stock could easily achieve in the coming wee...

Shares of entertainment giantThe Walt Disney Company (DIS) shed over 7 percent on Thursday following lackluster earnings. Traders were active in the options market, betting that shares would soon rebound. Of several highly active trades in the company, the February $165 calls attracted 4,488 contracts against a prior interest of 111, for a 40-fold jump in volume. The buyer of the calls paid $7.85 to make the trade, which expires in 95 days. With the stock knocked down to about $162, the calls would only need about a 2 percent rally to move higher before expiration. Shares peaked at $...

Shares of gold mining companySSR Mining (SSRM) have been trending higher in recent days, likely fueled by a rising price of gold. One trader sees the potential for a bigger move higher in the coming months. That’s based on the March $20 calls. With 125 days until expiration, 5,555 contracts traded against an open interest of 105, for a 53-fold jump in volume. The buyer of the calls paid $1.33 to make the trade. The Canadian-based gold mining company has seen shares drop about 11 percent in the past year, as gold prices peaked in mid-2020 and have been trading in a range ever since. H...

Shares of clothing retailing chainThe TJX Companies (TJX) have been somewhat range-bound this year, but have been rallying to the higher end of their range in the past few weeks. One trader sees the chance for a further rally past the holiday season. That’s based on the January $82.50 calls. With 71 days until expiration, 7,542 contracts traded against a prior open interest of 233, for a 34-fold rise in volume. The buyer of the calls paid $0.39 to make the trade. With shares just under $70, shares would need to rally about 18 percent for the trade to move in-the-money before expirati...

Shares of semiconductor firmMicron Technology (MU) have been trending higher in recent weeks, reversing a longer-term declining trend this year. One trader sees a continued move higher this month. That’s based on the November 26 $80 calls. Expiring in 16 days, 50,100 contracts traded hands, a 219-fold jump in volume from the prior open interest of 229. The buyer of the calls paid $0.71 to make the trade. With shares of Micron around $74.50, shares would need to rally another 7.3 percent in just over two weeks for the option to move in-the-money. Micron is up 32 percent in the past...

Shares of uranium producerCameco (CCJ) have continued their strong move higher this year. One trader sees that rally continuing into next year. That’s based on the March $33 calls. With 129 days until expiration, 15,000 contracts traded against an open interest of 175, for an 86-fold jump in volume. The buyer of the calls paid $2.17 for the trade. Part of the move higher comes following a plan from China announcing the creation of more nuclear power plants. And there are few ways to invest in uranium plays, of which Cameco is one of the larger companies to bet on. This option will...

Shares of beverage giantCoca-Cola (KO) have been trending higher since a small pullback in September. One trader sees that trend continuing in the next few weeks. That’s based on the November 26 $58 calls. With 21 days until expiration, over 65,980 contracts traded, a 371-fold rise from the prior interest of 178. The buyer of the calls paid $0.20 to make the trade. With shares in the low $56 range, they would need to rally about 3 percent for the option to move in-the-money. That’s a fairly large move for Coca-Cola in the time on the option, but not impossible. However, the stock’s 5...