Unusual Options Activity: Verizon (VZ)

Shares of telecom company Verizon (VZ) have been in a downtrend in recent weeks. However, one trader sees shares bouncing higher in the next month. That’s based on the February $57 calls. Over 21,050 contracts traded, a 152-fold rise in volume from the prior open interest of 138. With 29 days to expire, the trade is right at-the-money, as shares recently dipped under $57. The option buyer paid $1.24 on average. Shares of the telecom are down about 5 percent over the ...
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Unusual Options Activity: Coca Cola (KO)

Shares of beverage giant Coca Cola (KO) have been in a downtrend in recent weeks. At least one trader sees a potential for a further long-term decline. That’s based on the January 2023 $42.50 puts. Expiring in 730 days, the trade will move in-the-money if shares drop about 15 percent from their current price near $48.50. The trader paid about $4.33 on average to get into the trade. Traditionally seen as a defensive play in weak markets, Coca Cola has seen its ...
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Unusual Options Activity: Enphase Energy (ENPH)

Shares of Enphase Energy (ENPH) have tripled since August. At least one trader sees room for shares to nearly double again in the coming months. That’s based on the May 21st $320 calls. Over 7,690 contracts traded against a prior open interest of 111, for a 69-fold gain in volume. Expiring in 122 days, shares would need to rise 67 percent from their current price near $190 to move in-the-money. The trader paid about $10.95 for the options. Over the past year, shares ...
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Unusual Options Activity: Bank of America (BAC)

Shares of Bank of America (BAC) had a relatively slow day, as other large banks reported their earnings. But at least one trader sees shares heading higher when BAC reports earnings next week. That’s based on the February 5th $37.50 calls. With share around $33, it would require shares to pop nearly 10 percent to move in-the-money. But the trader paid just 13 cents on average for the trade, so it could be good for a big rally, even if it ...
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Unusual Options Activity: Nio Limited (NIO)

Shares of electric vehicle manufacturer Nio Limited (NIO) saw a modest decline. With shares still in an uptrend and near all-time highs, it’s no surprise that at least one trader sees a move higher. That’s based on the activity in the December 2022 $100 calls. With 700 days until expiration, the option would require shares to move nearly $40 higher from their current price near $60. Over 4,900 contracts traded, a 35-fold rise in volume from the prior open interest of ...
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Unusual Options Activity: Target Corporation (TGT)

Shares of big-box retailer Target Corporation (TGT) have rallied in the prior weeks. Yesterday, the company reported a strong holiday season with double-digit same-store sales. One trader sees shares moving even higher. That’s based on the July 2021 $230 call options. With shares around $197, it would mean a further 17 percent rally in shares in the next 183 days. Over 2,100 contracts traded against a prior open interest of 147, for a 20-fold rise in volume. The option buyer paid about ...
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Unusual Options Activity: General Motors (GM)

Shares of vehicle manufacturer General Motors (GM) surged higher on Tuesday following the announcement of electric delivery vehicles. At least one trader sees shares moving higher. That’s based on the January 29th $55 calls. With 16 days until expiration and with shares at $48, the trader is betting on shares moving 10 percent higher this month on the news. Over 13,150 contracts traded against a prior open interest of 205, for a 64-fold increase in volume on the trade. The trader paid ...
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Unusual Options Activity: Peloton Interactive (PTON)

Shares of exercise equipment company Peloton Interactive (PTON) have been a top performer in the past year. At least one trader sees that trend continuing in the first half of 2021 as well. That’s based on the June $165 calls. Expiring in 157 days, over 4,880 contracts traded against an open interest of 181, a 27-fold rise in volume. The trader paid about $24.65 for the calls, which are about 5 percent out-of-the-money. Shares of the company are up nearly ten-fold from ...
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