Unusual Options Activity

Computing giant HP Inc (HPQ) has seen its shares move steadily higher over the past few months, with only minimal pullbacks along the way. One trader is betting the trend will continue. That’s based on the September $38 calls. Expiring in 141 days, over 3,140 contracts traded against an open interest of 141, for a 22-fold rise in volume. The buyer paid about $1.30 to get into the trade. With a current share price near $34.50, shares would need to rally about ...
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Shares of megabank Bank of America (BAC) have not only recovered from the drop last year, but have moved to new highs. One trader sees that trend continuing strong in the next month. That’s based on the May 28th $41 calls. Expiring in 30 days, over 12,350 contracts traded against a prior open interest of 580, for a 21-fold rise in volume. The trader paid about $0.60 to make the trade. With shares around $39.50, the option will move in-the-money on a ...
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Shares of software database company Oracle (ORCL) have recently dropped slightly from all-time highs around $80 per share. One trader sees shares rebounding in the coming months. That’s based on the December $80 calls. With 235 days until expiration, over 2,290 contracts traded, an 18-fold rise in volume from the prior open interest of 130. The buyer of the option paid about $4.00 for the contract. With shares around $75, the option would move in-the-money on less than a 10 percent rally ...
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Shares of chip giant Micron (MU) are still near their all-time highs, but sold off strongly on Thursday on reports of higher potential tax rates. One trader sees a clear rebound in the coming weeks. That’s based on the May $96 call options. With 26 days until expiration, over 12,321 contracts traded, a 108-fold jump in volume from the prior open interest of 112. The buyer of the calls paid about $0.62 to make the trade. With shares around $85, a 12 ...
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Shares of Korean telecom firm KT Corporation (KT) are up over 25 percent since early February. One trader sees a potential move higher in the coming months. That’s based on the October $15 calls. Over 7,440 contracts traded against a prior open interest of 188, for a 39-fold rise in volume. Expiring in 176 days, the contract would move in the money if shares rose another $2 from their current price, or about 15 percent. The option buyer paid about $0.60 for ...
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Shares of cosmetics company Coty (COTY) have nearly tripled since November, on expectations that a reopening economy will be good for cosmetics sales. One trader sees the potential for a move even higher. That’s based on the November $12 calls. Expiring in 211 days, over 9,100 contacts traded, an 81-fold rise in volume from the prior open interest of 112. The buyer of the options paid about $0.72 to make the trade. With shares around $8.60, shares will need to rise about ...
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After an explosive move higher in the past year, a share split, and its inclusion in the S&P 500, shares of Tesla Motors (TSLA) have been trending sideways in recent months. One trader sees a rally resuming. That’s based on the January 2022 $1,030 calls. With 275 days until expiration, 25,000 contracts traded against a prior open interest of 222, for a 112-fold jump in volume. The option buyer paid about $81.40, or $8,140 for a full contract. With shares around $715, ...
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Shares of Clover Health Investments Corp (CLOV) have shed half their value since late December. At least one trader sees a further decline ahead. That’s based on the May 25th $9 put options. With 32 days until expiration, over 9,400 contracts traded hands, a 75-fold rise in volume from the prior open interest near 125. The buyer of the contract paid about $1.42. With shares just under $10, the option is slightly out-of-the-money. Come expiration, shares will need to trade lower than ...
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