Shares of semiconductor firmMarvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. With shares last trading near $68, the stock would need to rise just over 10 percent for the options to move in-the-money in the next few months. Shares are already up about 61 percent over the past ye...

Shares of electric vehicle manufacturerFaraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months. That’s based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade. Shares currently trade just over $9, so would need to rally at least 10 percent in the next two months for the option to move in-the-money. Shares have traded as high as nearly $21 in the pa...

Shares of oil and gas giantBritish Petroleum (BP) have nearly doubled in the past year on the back of rising energy prices. One trader sees that trend continuing for some time. That’s based on the January 2024 $25 calls. With 822 days until expiration, 2,540 contracts traded, a 25-fold jump in volume over the prior open interest of 103. The buyer of the calls paid $6.57 to make the trade. With shares going for about $29.50, a 52-week high, the options are about $4.50 in-the-money, and should rise penny-for-penny with shares, less any declining time premium on the trade. Even with ...

Shares of telecommunications companyLumen Technologies (LUMN) have risen about in-line with the overall market in the past year, but shares have been trending down in recent months. One trader sees the downtrend in shares continuing. That’s based on the December $12 puts. With 60 days until expiration, 5,020 contracts traded hands, a 35-fold rise in volume from the prior open interest of 142. The buyer of the puts paid $0.73. Shares currently trade around $12, making this an at-the-money trade. Shares are down about 25 percent from a 52-week high of $16 per share. The company is c...

Shares of megabankWells Fargo & Company (WFC) have nearly doubled in the past year. However, over the past 5 years, shares are largely down thanks to a number of scandals. One trader expects a further decline in shares in the next few years. That’s based on the January 2024 $40 put. With 826 days until expiration, over 10,760 contracts traded against a prior open interest of 442, for a 24-fold jump in volume. The buyer of the put paid $5.60 to make the trade. The bank has been in the midst of a seeming turnaround. Besides shares doubling in the past year, revenue is up 144 percen...

Shares of financial analytics companyDun & Bradstreet (DNB) have been trending down steadily over the past year, before a brief spike higher in the past few weeks. One trader sees the longer-term downtrend continuing. That’s based on the January $17.50 puts. With 99 days until expiration, over 4,220 contracts traded hands, a 35-fold rise in volume from the prior open interest of 120. The buyer of the puts paid $0.98 to make the trade. With shares in the low $18 range, they’d need to fall less than 5 percent or $1 for the puts to move in-the-money. Over the past year, shares have ...

Shares of energy firmNorthern Oil and Gas (NOG) have ratcheted higher in the past few weeks as energy prices have continued to rally. One trader sees that trend continuing. That’s based on the March $26 calls. With 156 days until expiration, nearly 6,250 contracts traded against a prior open interest of 126, for a 50-fold jump in volume. The buyer of the calls paid $4.20 to make the trade. With shares around $26.50 and a 52-week high, the option is about $0.50 in-the-money, leaving about $3.70 in time premium that could expire in the months ahead of the current rally in shares stalls...

Shares of private prison companyThe GEO Group (GEO) have been trending up since May, with a large spike higher on Friday. One trader sees the possibility for a move even higher. That’s based on the March $12 calls. With 157 days until expiration, over 70,830 contracts traded against a prior open interest of 662. That makes for a 107-fold leap in volume on the option trade. The buyer of the call paid $0.70 to make the trade. Shares of the stock traded around $8.50 following their jump higher. The $12 strike price would need shares to move over 41 percent higher in order for the option...

Shares of aluminum processorAlcoa Corporation (AA) have been moving steadily higher over the past year amid a booming commodity market. One trader sees that trend continuing into the first half of next year. That’s based on the June $55 calls. With 249 days left before expiration, over 6,525 contracts traded against a prior open interest of 161, for a 41-fold rise in volume. The buyer of the calls paid $5.13 to make the trade. Shares have traded as high as $52.50 before a recent selloff, so the strike price of $55 on the calls is aggressive, but likely given the amount of time left o...

Shares of biotech firmGinkgo Bioworks Holdings (DNA) suffered a double-digit loss on Tuesday following a short-seller issuing a report questioning the company’s revenue sources. However, one trader sees shares shaking off the fear and moving higher. That’s based on the March $14 calls. With 161 days to trade, nearly 4,600 contracts traded, a 32-fold rise in volume from the prior open interest of 144. The buyer of the call paid $1.28 for the trade. The trade was made as shares were knocked down to around $10.50. It would take about a 33 percent rise in shares for the option trade to m...