Unusual Options Activity

The March 2021 $80 call options on Wynn Resorts (WYNN) saw a huge 51-fold surge in volume, with over 10,100 contracts trading hands on Monday against an open interest of just under 200 contracts. The bet, expiring in about six months, would close in-the-money if shares rallied about 10 percent from the current price near $72. The trader buying the contracts paid about $10, or $1,000 per contract. In order to make money at expiration, shares would need to surge up to $90, ...
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The November $21 put options on Snapchat (SNAP) saw a massive 165-fold surge in volume, with over 30,200 contracts trading hands on Friday. The bet, expiring in 60 days, is nearly 10 percent out-of-the-money, given the recent share price of $23.82 on Friday. The trader buying the contracts paid about $1.25 per contract. For the option to profit at expiration, shares would need to slide under $20 between now and November. Shares of the social media company are up nearly 40 percent in ...
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NIO Inc (NYSE: NIO) is a Chinese company that manufactures electric vehicles that are sold in the People’s Republic of China, Hong Kong, the United States, the United Kingdom and Germany. The company was recently upgraded by Goldman Sachs from neutral to buy and began to really take off after Nikola Corporation (NASDAQ: NKLA) began trading on June 4. The company also announced record deliveries in May on June 4, 2020. As the positive news piles up, so has the option ...
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Trader makes in-the-money bet on recovery. The April $75 calls on Qualcomm (QCOM) saw a 17-fold rise in volume, going from 253 open contracts to having over 4,350 trade hands. The bet, expiring in 46 days, is already about $2.30 in the money given the recent share price of $77.30. The trader buying the shares paid about $5.90 per contract. For the option to profit at expiration, shares would need to be back over $81. Even with the recent market rout, shares of Qualcomm ...
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Trader bets on move higher through April. $35 call options with an April expiration on Micron Technology (MU) recently saw a 40-fold rise in volume. The option went from 101 open contracts to over 3,900. The bet, expiring in 49 days is unusual in that this trade made a deep in-the-money bet. With shares around $54, the option is about $19 in-the-money, and should move dollar-for-dollar with shares. The trader also paid about $19 to get into the trade, so there’s nearly no ...
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Trader bets on bounce in shares next month. Over 1,050 contracts traded on the March $136 call options on The Walt Disney Company (DIS). This is an eight-fold rise from the prior open interest of 135 contracts. The option, expiring in 22 days, is a play on shares moving $5 higher from around $130 right now. That’s about a 5 percent jump. Shares have sold off heavily recently as coronavirus fears are likely to impact tourism and travel, in turn lowering revenues at ...
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Trader bets on further decline on coronavirus pandemic.  With the global economy set to slow thanks to the coronavirus, traders are hedging their bets. One is betting that United Parcel Service (UPS) will continued to decline from here. That’s based on the 15-fold rise in volume on the April $97.50 put options. From 320 open contracts, over 4,900 recently traded hands. The bet expires in 51 days. It is less than one dollar out-of-the-money thanks to the current share price just ...
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Trader bets on rally through April. April 3rd call options with a $70 strike on Gilead Sciences (GILD) recently saw an 18-fold rise in volume, going from 117 open contracts to over 2,100 trade hands. The bet, expiring in 38 days, is that shares will head higher. As shares are around $69.50, the bet is almost at-the-money, and could move dollar-for-dollar higher with shares. The buyer of the option paid about $2.71 per contract, so shares would need to get over $72.70 at ...
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