Shares of semiconductor firmAdvanced Micro Devices (AMD) have been in a strong uptrend, particularly after reporting its latest earnings numbers a few weeks ago. One trader sees the possibility for a further move. That’s based on the September 3 $119 call options. With 9 days until expiration, over 13,880 contracts traded against an open interest of 268, for a 52-fold jump in volume. The buyer of the contracts paid about $0.68 on average. With shares around $109, they’d need to rally about 9 percent for the trade to move in-the-money. However, shares were trading as high as $122 at t...

Shares of casino giantCaesars Entertainment (CZR) have been steadily declining since early June. However, one trader see the possibility for a strong rebound. That’s based on the December $125 calls. With 115 days until expiration, over 20,015 contracts traded compared to an open interest of 186, for a 108-fold jump in volume. The buyer of the calls paid about $1.27 to make the trade. Even with the recent decline, the casino company has seen shares rise 85 percent over the past year as the economy has reopened. However, shares still remain unprofitable, even as the most recent quarte...

Shares of department store chainMacy’s (M) rallied last week on news that the retailer would carry pop-up toy shops under the Toys “R” Us brand. One trader sees that trend continuing in the weeks ahead. That’s based on the September $21 calls. With 25 days until expiration, over 104,965 contracts traded against a prior open interest of 2,165, for a 49-fold rise in volume. The buyer paid about $1.80 to make the trade. The trade was made as shares topped $21.50, leaving them about $0.50 in-the-money at the moment. The department store chain rallied nearly 20 percent last week on its...

Shares of biotech firmGilead Sciences (GILD) have been trending gradually higher over the past few months, with shares now at a 52-week high. One trader see the possibility for further profits in the coming months. That’s based on the October $80 calls. With 56 days on the clock, over 7,098 contracts traded compared to an open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid about $0.42 to make the trade. With shares around $72, they’d need to rise a full 10 percent, or $8, to move in-the-money by expiration. That’s a quick move, even for the biotech firm, ...

Shares of event sales platformLive Nation Entertainment (LYV) have pulled back in recent weeks, likely due to a rise in Covid cases. One trader sees shares shaking off their recent fears and heading higher. That’s based on the January 2023 $95 calls. With 519 days until expiration, over 12,690 contracts traded against a prior open interest of 280 for a 45-fold surge in volume. The buyer of the calls paid about $11.25 to make the trade. Shares have pulled back to around $75 before starting a new uptrend recently. With shares around $80, they would still need to rise nearly 19 percent ...

Shares of plant-based meat alternativeBeyond Meat (BYND) have been trading in a range over the past year, and are now trading near the lower end of their range. One trader sees the possibility for a big move higher in the coming months. That’s based on the December $150 calls. With 121 days until expiration, over 4,975 contracts traded compared to a prior open interest of 106 contracts, for a 47-fold rise in volume. The buyer of the calls paid about $4.70 to make the trade. The company has been posting solid growth numbers, with revenue up 32 percent over the past year. However, t...

Shares of media and cable companyComcast (CMCSA) have been moving steadily higher over the past year. One trader expects that trend to continue in the next few months. That’s based on the November $57.50 calls. With just under 100 days until expiration, 9,415 contracts traded against an open interest of 331, for a 28-fold rise in volume. The buyer of the calls paid about $3.60 to make the trade. With shares around $59.30, the option is nearly $2.00 in-the-money at the moment, making for nearly half the cost of the call option. Comcast has performed about in-line with the stock mar...

Shares of utility providerPG&E Corporation (PCG) have been trending down since last November. One trader sees the potential for a big spike upwards. That’s based on the January $14 calls. With 158 days until expiration, over 16,030 contracts traded against a prior open interest of 287, for a 56-fold rise in volume. The buyer of the calls paid about $0.25 to make the trade. With shares of the company just over $9, the option would move in-the-money on a 50 percent jump higher in shares. The stock price has started moving forward in recent sessions, up nearly $1 from a low near $8....

Shares of commodity producerLithium Americas (LAC) have been somewhat rangebound over the past few months, but have started to trend higher in recent days. One trader sees that trend continuing. That’s based on the September $25 calls. With 36 days until expiration, over 15,585 contracts traded against an open interest of 290 for a 54-fold rise in volume. The buyer of the calls paid about $0.45 to make the trade. Shares have recently risen to around $18, so they’d need to rally another $7, or over 38 prevent for this option to move in-the-money. That’s certainly possible given som...

Shares of social media giantSnap (SNAP) have been trending stronger in the past year, with a further jump after beating earnings last week. One trader sees the chance of a continued move higher in the next month. That’s based on the September 3 $82 calls. With 22 days until expiration, over 7,815 contracts traded against a prior open interest of 146, for a 53-fold jump in volume. The buyer of the calls paid about $1.57 to make the trade. The stock has traded as high as $80.85 in the past year, so a move to $82 would represent a continued move to a new high for the company. While t...