Unusual Options Activity

Server and computer company International Business Machines (IBM) have dropped 4 percent in the past year, outperforming the overall stock market by about 9 points. One trader sees a further decline for shares in the weeks ahead. That’s based on the April 21 $116 puts. With 23 days until expiration, 3,949 contracts traded compared to a prior open interest of 199, for a 33-fold rise in volume on the trade. The buyer of the puts paid $0.56 to make the bearish ...
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Hotel and casino operator MGM Resorts International (MGM) are down just 2 percent over the past year, outperforming the overall stock market by about 10 percent. One trader sees shares declining in the coming weeks. That’s based on the May $40 puts. With 51 days until expiration, 5,137 contracts traded compared to a prior open interest of 163, for a 32-fold rise in volume on the trade. The buyer of the puts paid $2.01 to make the trade. Shares last went for ...
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Major international money center bank Deutsche Bank (DB) has been under pressure, and shares are down 20 percent over the past year. One trader sees further weakness in the coming months. That’s based on the May $8 puts. With 53 days until expiration, 13,388 contracts traded compared to a prior open interest of 369, for a 36-fold rise in volume on the trade. The buyer of the puts paid $0.80 to make the bearish bet. Deutsche Bank shares recently went for about ...
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Oil and gas exploration company Enerplus Corporation (ERF) has slid in recent weeks as oil prices have trended lower. One trader sees a further decline in the weeks ahead. That’s based on the April $14 puts. With 28 days until expiration, 2,723 contracts traded compared to a prior open interest of 113, for a 24-fold rise in volume on the trade. The buyer of the puts paid $0.58 to make the bearish bet. Shares recently traded for about $14.15, so the stock ...
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Social media company Snap Inc (SNAP) has seen shares drop 70 percent in the past year. One trader is betting that shares have further to fall in the next six months. That’s based on the September $6 puts. With 176 days until expiration, 11,418 contracts traded compared to a prior open interest of 246, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.27 to make the bearish bet. Shares recently went for about $11.50, so ...
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Semiconductor company Analog Devices (ADI) have been a strong performer in the past year, with a 13 percent gain, amid overall losses for the sector. One trader is betting on a reversion taking shares down in the coming days. That’s based on the March 31 $175 puts. With 9 days until expiration, 2,232 contracts traded compared to a prior open interest of 115, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.77. Shares recently traded ...
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Video game design studio Electronic Arts (EA) dropped about 10 percent over the past year. One trader sees shares rebounding in the months ahead. That’s based on the September $125 calls. With 178 days until expiration, 1,307 contracts traded compared to a prior open interest of 106, for a 12-fold rise in volume on the trade. The buyer of the calls paid $4.65 to make the bullish bet. Shares recently traded for about $113, so the stock would need to rise $12, ...
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Brazilian iron ore producer Vale (VALE) is down 17 percent in the past year, with most of that decline occurring in just the past few weeks. One trader sees a potential rebound in the coming weeks. That’s based on the April $15 calls. With 32 days until expiration, 62,023 contracts traded compared to a prior open interest of 1,004, for a 62-fold rise in volume on the trade. The buyer of the calls paid $1.12 to make the bullish bet. Vale shares ...
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