Unusual Options Activity

Wall Street megabank Bank of America (BAC) recently reported earnings. The market didn’t care too much for them, and one trader is now betting that shares will trend lower in the coming weeks. That’s based on the February 9 $31 puts. With 22 days until expiration, 11,249 contracts traded compared to a prior open interest of 178, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. Bank of America recently ...
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Freight and logistics company United Parcel Service (UPS) is down 12 percent over the last year as consumer spending on goods has slowed. One trader sees shares trending higher in the coming weeks. That’s based on the February 9 $170 calls. With 23 days until expiration, 4,416 contracts traded compared to a prior open interest of 231, for a 19-fold rise in volume on the trade. The buyer of the calls paid $1.85 to make the bullish bet. UPS shares recently traded ...
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Discount store chain Dollar Tree (DLTR) is down 6 percent over the past year, as the dollar store space has struggled with low margins. One trader sees further downside ahead. That’s based on the June 2024 $80 puts. With 157 days until expiration, 7,603 contracts traded compared to a prior open interest of 124, for a 61-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Dollar Tree shares recently traded for about ...
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Despite a trend higher in recent months, online payment platform PayPal (PYPL) is still down 21 percent over the past year. One trader expects shares to trend lower in the coming weeks. That’s based on the February 9 $51 puts. With 28 days until expiration, 6,005 contracts traded compared to a prior open interest of 113, for a 53-fold rise in volume on the trade. The buyer of the puts paid $0.39 to make the bearish bet. PayPal shares recently traded for ...
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Engineering firm KBR (KBR) lagged the overall stock market last year, rallying about 10 percent. One trader expects shares to make up for lost ground in the first half of 2024. That’s based on the June $57.50 calls. With 162 days until expiration, 5,041 contracts traded compared to a prior open interest of 115, for a 44-fold rise in volume on the trade. The buyer of the calls paid $2.50 to make the bullish bet. KBR shares recently traded for about $54, ...
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Airline operator United Airlines (UAL) has been in an uptrend for the past few weeks, and has now reversed its losses from 2023. One trader sees a further rally in the weeks ahead. That’s based on the February 16 $45 calls. With 37 days until expiration, 15,099 contracts traded compared to a prior open interest of 553, for a 27-fold rise in volume on the trade. The buyer of the calls paid $1.56 to make the bullish bet. United Airlines shares recently ...
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Agricultural producer Archer Daniels Midland (ADM) is out of favor with the market. Shares are down 16 percent over the past year, and one trader sees more downside in the months ahead. That’s based on the March $65 puts. With 65 days until expiration, 6,037 contracts traded compared to a prior open interest of 158, for a 38-fold rise in volume on the trade. The buyer of the puts paid $1.10 to make the bearish bet. ADM shares recently traded just under ...
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Construction giant Fluor (FLR) is up 16 percent over the past year, slightly lagging the overall stock market. One trader sees shares rallying in the coming weeks. That’s based on the February 16, 2024 $40 calls. With 39 days until expiration, 10,429 contracts traded compared to a prior open interest of 170, for a 61-fold rise in volume on the trade. The buyer of the calls paid $0.54 to make the bullish bet. Fluor recently traded for about $36.50, so the stock ...
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