Unusual Options Activity: Barclays PLC (BCS)

British bank Barclays PLC (BCS) has been trending higher in the past six months, but the rate of the rally has started to slow in recent weeks. Traders seem to be sensing a weakness ahead for the bank. That’s based on the September $10 put. With 156 days until expiration, over 8,080 contracts traded against a prior open interest of 126, for a 64-fold rise in volume. The buyer of the puts paid about $0.80 for the trade. With shares just over ...
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Unusual Options Activity: Two Harbors Investment Corp (TWO)

Mortgage REIT Two Harbors Investment Corp (TWO) has seen shares slow from a strong rally in recent months to a more sideways trend. One trader is betting that shares are due for a drop. That’s based on the May 21st $7 puts. With just over a month left on the trade, and with shares around $7.40, the put option will move higher on a drop in shares. Over 10,160 contracts traded, a 28-fold rise in volume from the prior open interest ...
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Unusual Options Activity: NCR Corp (NCR)

After trading in a range for nearly three months, shares of NCR Corp (NCR) have finally broken higher. One trader sees the trend continuing strongly in the next month. That’s based on the May $46 calls. With 39 days until expiration, over 8,060 contracts traded, a 40-fold rise in volume from the prior open interest of 204 contracts. With shares right around $39, shares would need to rally about 18 percent for the option to move in-the-money. The trader paid about $0.53 ...
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Unusual Options Activity: Dropbox (DBX)

File sharing app company Dropbox (DBX) is trading at its highest level since shortly after it went public in 2018. One trader sees the potential for shares to continue higher. That’s based on the May 21st $29 call. Expiring in 42 days, over 7,750 contracts traded, a 36-fold rise in volume compared to the prior number of contracts at 213. The option buyer paid about $1.50 for the contract. With shares about $1.50 under the strike price, the stock would need to ...
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Unusual Options Activity: Zillow (Z)

Real estate listing firm Zillow (Z) saw shares soar to $200 before dropping back down to $120. Now, with shares on the rise to $140, one trader is betting on a move higher. That’s based on the September $120 calls. With 162 days until expiration, the option is about $20 in-the-money given the recent price of $140. Over 10,100 contracts traded compared to a prior open interest of 133, for a 76-fold rise in volume. The trader paid about $33 for the ...
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Unusual Options Activity: Applied Materials (AMAT)

Semiconductor play Applied Materials (AMAT) has more than doubled since November. One trader sees the trend continuing. That’s based on the June $185 calls. Expiring in 72 days, over 9,000 contracts traded against a prior open interest of 150, for a 60-fold rise in volume. Shares would need to rise about 22 percent from their current price of $143 to close in-the-money at expiration. The buyer of the options paid about $3.10 for the contract. Thanks to a shortage in the semiconductor ...
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Unusual Options Activity: Capital One Financial (COF)

Shares of finance company Capital One Financial (COF) have been in a steady uptrend for the past few months. One trader sees the potential for a continued rally higher. That’s based on the June 2021 $150 calls. With 76 days left to trade, and with shares near $130, shares would need to rise another 15 percent for the option to move in-the-money. Over 4,640 contracts traded, a 39-fold rise from the prior open interest of 119. The trader paid about $2.04 for ...
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Unusual Options Activity: Rio Tinto Group (RIO)

Mineral ore producer Rio Tinto Group (RIO) saw shares double in the past year, going from $45 to $92, before a pullback starting in February. Now, one trader sees a rebound in shares. That’s based on the January 2022 $86.57 calls. Over 13,862 of the contracts traded, a 60-fold jump in volume from the prior open interest of 230. The trade expires in 292 days. The buyer paid about $4.60 for each contract. With shares near $78, the option will move in-the-money ...
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