Shares of telecom giantAT&T (T) dropped from 52-week highs earlier in the year as the company announced it would sell off its media assets to refocus on being a telecom company. One trader is betting that shares will trend back up. That’s based on the December $30 calls. With 128 days until expiration, over 25,340 contracts traded against an open interest of 222 for a 114-fold jump in volume. The buyer of the calls paid about $0.38 to make the trade. With shares just under $28, they’d need to rally less than 10 percent to move in-the-money—although that kind of move is a big one ...

Shares of IT connectivity platformLiveRamp Holdings (RAMP) has seen shares taken a major dive over the past few months, although the company jumped 22 percent higher on Friday thanks to stronger-than-expected earnings. One trader sees a lot of volatility ahead, with the chance for shares to resume their longer-term downtrend. That’s based on the December $45 puts. With 129 days until expiration, over 3,740 contracts traded against a prior open interest of 102, for a 37-fold rise in volume. The buyer of the contracts paid about $4.55 to make the trade. With shares around $47.50, a mer...

Shares of oil and gas equipment companyNOV (NOV) have been generally heading higher over the past year, with a number of healthy pullbacks along the way. However, one trader sees the possibility for another move higher in the next few months. That’s based on the November $14 calls. With 102 days until expiration, over 10,450 contracts traded against an open interest of 148, for a 71-fold rise in volume. The buyer of the calls paid about $1.13 to make the trade. With shares just over $13, shares will need to rise less than 5 percent in order for the trade to move in-the-money. Shares ...

Shares of gambling and gaming companyInternational Game Technology (IGT) have been trending down over the past few weeks as the threat of further economic lockdowns has risen. However, one trader sees the possibility for a rally higher. That’s based on the January $27 calls. With 168 days until expiration, over 10,055 contracts traded against a prior open interest of 101, a 99.5-fold jump in volume. The buyer of the calls paid about $0.48. Shares last traded around $18, so they’d need to rally nearly 50 percent in order to move in-the-money come January. Shares have a 52-week high of...

Shares of credit card giantMasterCard (MA) have been heading gradually higher over the past few months, but recently slumped following lackluster earnings. One trader sees a rebound in shares in the coming months. That’s based on the November $375 calls. With 106 days until expiration, over 9,140 contracts traded against a prior open interest of 173, for a 53-fold rise in volume. The buyer of the calls paid about $10.50 to make the trade. With shares recently down to around $368, off a 52-week high of $400, the stock is now trading at a 5-month low. As a member of the oligopoly of...

Shares of Korean ecommerce siteCoupang (CPNG) have been trending down since going public, having lost about 25 percent of their IPO price. One trader sees that turning around in the months ahead. That’s based on the January $55 calls. With 170 days until expiration, over 12,530 contracts traded against a prior open interest of 443, for a 28-fold jump in volume. The buyer o the calls paid about $1.30 to make the trade. Shares have traded as high as $69 in the past year, but went public around $50, making the $55 strike price of the options look like a realistic move should shares reve...

Shares ofDelta Air Lines (DAL) have been trending down since April, and have seen some big drops on some days depending on Covid variant fears. One trader sees the trend reversing in the coming weeks. That’s based on the November $43 calls. With 108 days until expiration, over 10,025 contracts traded against a prior open interest of 324 for a 39-fold rise in volume. The buyer of the call options paid about $2.17 to make the trade. Shares of the airline have traded as high as $52 in the past year, and at a current price of about $40, shares would need to rise about 7.5 percent for the...

Shares of energy giantExxonMobil (XOM) have traded about in line with the energy sector in the past few months. First, shares saw a huge rise on rising oil prices, then were hit in recent weeks on the latest OPEC news. One trader sees the starting recovery in shares to continue. That’s based on the August $64 calls. Expiring in 18 days, over 18,720 contracts traded against an open interest of 143, for a 131-fold explosion in volume. The buyer of the calls paid about $0.20 to make the trade, or a full $20 per contract. Energy stocks were one of the top performers in the first half ...

Shares of semiconductor companyAdvanced Micro Devices (AMD) surged to new all-time highs following earnings this week one trader sees shares potentially moving even higher. That’s based on the November $85 calls. With 112 days until expiration, over 12,580 contracts traded against a prior open interest of 736, for a 17-fold rise in volume. The buyer of the calls paid about $16.15 to make the trade. With shares around $98 following their earnings bump, the option is about $13 in-the-money, leaving about $3 in time premium. Even with the recent surge higher, shares are only up about...

Shares of game studioActivision Blizzard (ATVI) have broken down to the lower end of their trading range over the past few months. One trader sees the possibility for a bounce back higher in the coming months. That’s based on the February 2022 $92.50 calls. With 204 days until expiration, 8,940 contracts traded against a prior open interest of 141 for a 63-fold surge in volume. The buyer of the calls paid $5.10 to make the trade. Shares have recently dropped to around $84, coming off a high of $102 in the past year, but with shares mostly trading sideways in the $90s. Over the past y...