Shares of drugstore chainCVS Health Corporation (CVS) hit an all-time high in May, dipped, and have finally broken through to new highs. One trader sees that breakthrough continuing in the short run. That’s based on the November 12 $100 calls. With 8 days until expiration, over 34,095 contracts traded, a staggering 181-fold jump in volume from the prior open interest of 188. The buyer of the calls paid $0.33. With shares of the company around $91, they would need to rise nearly 9 percent for the option to close in-the-money, a somewhat steep move relative to the volatility in shares....

Shares of wireless communications companyBlackBerry (BB) have been trading relatively flat since a big surge higher at the start of the year and a smaller rally higher in May. One trader sees the possibility for another jump higher in shares in the coming weeks. That’s based on the November 26 $17 calls. Expiring in 23 days, over 4,465 contracts traded against a prior open interest of 101, for a 23-fold jump in volume. The buyer of the call paid $0.21 to make the trade. With shares just over $11, the stock would need to jump about 50 percent higher in the coming weeks for the shares ...

Shares of automakerFord Motors (F) have more than doubled in the past year. One trader sees shares heading even higher in the months ahead. That’s based on the March $28 calls. With 136 days until expiration, over 12,695 contracts traded against a prior open interest of 137, for a 93-fold jump in volume. The buyer of the calls paid $0.14 to make the trade. With shares trading around $17, they’d need to surge another 64 percent for the option to move in-the-money. That would be a further gain on top of the 118 percent gain in the past year, given that shares are right at a 52-week hig...

Shares of event sales companyLive Nation Entertainment (LYV) have been trending higher in the past year. One trader sees the potential for a move higher from here. That’s based on the April $105 calls. With 164 days until expiration, over 5,498 contracts traded against a prior open interest of 153, for a 36-fold rise in volume. The buyer of the calls paid $8.95 for the trade. With shares right around $100, they’d only need to rally about 5 percent to hit the strike price of $105 and send the contracts in-the-money. The stock is already up 103 percent in the past year, thanks to th...

Shares of social media firmPinterest (PINS) saw some volatility last week. The stock soared on a potential takeover rumor, only to drop a bit when the potential for a deal passed. One trader sees further upside to shares in the month ahead. That’s based on the November 19 $48 calls. With 21 days until expiration, 4,016 contracts traded against a prior open interest of 124, for a 32-fold rise in volume. The buyer of the calls paid $2.01. Shares have been in a downtrend since July, and are at a one-month low following last week’s spike higher. Pinterest is now down about 3 percent over...

Shares of beverage and snack companyPepsiCo (PEP) have been trending steadily higher in the past year, with a nice rally following earnings earlier this month. One trader sees that uptrend continuing, and quickly. That’s based on the November 5 $165 calls. Expiring in 8 days, over 22,426 contracts traded against a prior open interest of 196, for a 114-fold surge in volume. The buyer of the calls paid $0.30 to make the trade. With shares last going for around $161, the stock would need to rise less than 2.5 percent for the option to move in-the-money. With the stock right near an all-...

Shares of electric vehicle giantTesla Motors (TSLA) hit a new all-time high on Monday on news of a massive sale of 100,000 vehicles to a rental car agency. One trader sees shares moving higher. That’s based on the January 2024 $680 calls. With 814 days until expiration, 13,322 contracts traded, a 125-fold jump in volume from the prior open interest of 107 contracts. The buyer of the calls paid $479, or $47,900 per contract, to make the trade. With the stock closing Monday around $1,025 per share, the options are about $345 in-the-money. They should move higher with shares dollar-for-...

Shares of energy explorer and producerDevon Energy Corporation (DVN) are up nearly four-fold in the past year as energy prices, particularly natural gas, are on the rise. One trader sees shares moving even higher in the coming weeks. That’s based on the December $46 calls. With 52 days until expiration, 6,145 options traded against a prior open interest of 217, for a 30-fold rise in volume. The buyer of the calls paid $0.94 to make the trade. With shares currently just over $40, they would need to rise about $6, or 15 percent, for the option to move in-the-money. That’s a readily ach...

Shares of telecom giantVodafone (VOD) have been trending down since May. However, one trader sees a potential rebound in shares ahead in the next six months. That’s based on the April $17 calls. With 171 days until expiration, 60,066 contracts traded against a prior open interest of 364, for a 165-fold explosion in volume. The buyer of the calls paid $0.50 to make the trade. The decline in company shares have led to a drop around $15.50, so a move to $17 would take a $1.50, or 10 percent, rally before the option moves in-the-money. Even with the recent decline, shares are up nearl...

Shares of electric battery technology companyQuantumScape (QS) are well off their highs from the past year, but have been trending higher in recent weeks. One trader sees the trend continuing. That’s based on the November $31 call. With 28 days until expiration, over 10,015 contracts traded, an 81-fold jump in volume from the prior open interest of 124. The buyer of the calls paid $0.65 to make the trade. With shares around $25, they’d need to rise another $6, or nearly 25 percent, for the option to move in-the-money. That kind of move has happened in shares before, although the pric...