Unusual Options Activity: Adobe (ADBE)
Software giant
Adobe (ADBE) has been trading in a range for the past few months. The recent market weakness has sent shares towards the lower end of its range, as well as its 200-day moving average. At least one trader is betting that shares will bounce higher. That’s based on the June $420 call options. Over 5,010 contracts traded, a 36-fold rise from the prior open interest of 138. The option expires in 109 days. The trader paid about $61 for the options ...
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Adobe (ADBE) has been trading in a range for the past few months. The recent market weakness has sent shares towards the lower end of its range, as well as its 200-day moving average. At least one trader is betting that shares will bounce higher. That’s based on the June $420 call options. Over 5,010 contracts traded, a 36-fold rise from the prior open interest of 138. The option expires in 109 days. The trader paid about $61 for the options ...
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Unusual Options Activity: Geo Group (GEO)
For-profit prison company
Geo Group (GEO) has seen shares trend down in recent weeks. The Biden administration is looking to get out of for-profit prison contracts, suggesting weakness ahead. But one trader sees a bounce first, if not a reversal higher. That’s based on the April $9 calls. With 49 days until expiration and shares just under $8, the stock price would need to move about 12 percent higher for the trade to move in-the-money. Over 12,950 contracts traded, a 43-fold rise in ...
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Geo Group (GEO) has seen shares trend down in recent weeks. The Biden administration is looking to get out of for-profit prison contracts, suggesting weakness ahead. But one trader sees a bounce first, if not a reversal higher. That’s based on the April $9 calls. With 49 days until expiration and shares just under $8, the stock price would need to move about 12 percent higher for the trade to move in-the-money. Over 12,950 contracts traded, a 43-fold rise in ...
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Unusual Options Activity: Halliburton (HAL)
Traders looking for market-beating opportunities outside the tech space have been increasingly attracted to energy. Gently-rising oil prices have been a rising tide for the sector. One play getting some attention? Services giant
Halliburton (HAL). One trader likes the March 19th $23.50 call options, just $1.50 over the current price near $22. Over 9,850 contracts traded, a 61-fold rise in volume from the prior interest of 162. The buyer paid about $0.78 for the options, which expire in 22 days. Shares have recently broke ...
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Halliburton (HAL). One trader likes the March 19th $23.50 call options, just $1.50 over the current price near $22. Over 9,850 contracts traded, a 61-fold rise in volume from the prior interest of 162. The buyer paid about $0.78 for the options, which expire in 22 days. Shares have recently broke ...
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Unusual Options Activity: Activision Blizzard (ATVI)
Video game producer
Activision Blizzard (ATVI) has fared well, as strong trends in the gaming industry have led to massive profits. At least one trader sees shares moving higher. That’s based on the May $95 call options. Over 2,700 contracts traded against a prior open interest of 153, for a 18-fold rise in volume on the trade. Expiring in 86 days, the trade is at-the-money, given that shares trade near $96. The buyer paid about $6.50 for the contracts on average. Shares of the ...
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Activision Blizzard (ATVI) has fared well, as strong trends in the gaming industry have led to massive profits. At least one trader sees shares moving higher. That’s based on the May $95 call options. Over 2,700 contracts traded against a prior open interest of 153, for a 18-fold rise in volume on the trade. Expiring in 86 days, the trade is at-the-money, given that shares trade near $96. The buyer paid about $6.50 for the contracts on average. Shares of the ...
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Unusual Options Activity: Exxon Mobil (XOM)
Energy giant
Exxon Mobil (XOM) has been moving higher along with the price of oil in the past few months. At least one trader sees shares taking a breather from here. That’s based on the April $55 put options. The option expires in 52 days. Over 50,800 contracts traded against a prior open interest of 1,055, for a 48-fold jump in volume. The trade is slightly in-the-money as shares are currently going for about $54.50. The option trader paid about $3.40 for the ...
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Exxon Mobil (XOM) has been moving higher along with the price of oil in the past few months. At least one trader sees shares taking a breather from here. That’s based on the April $55 put options. The option expires in 52 days. Over 50,800 contracts traded against a prior open interest of 1,055, for a 48-fold jump in volume. The trade is slightly in-the-money as shares are currently going for about $54.50. The option trader paid about $3.40 for the ...
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Unusual Options Activity: Freeport McMoRan (FCX)
Copper giant
Freeport McMoRan (FCX) has been on a tear, and one trader sees shares continuing to move even higher in the next few months. That’s based on the May $42 calls. Expiring in 88 days, over 3,250 contracts traded recently, a 20-fold rise in volume from the prior open interest of 163. Shares would need to rise another 13.5 percent for the option to move in-the-money before expiration. The trader paid about $2.41 to make the trade. Freeport shares jumped over 7.4 ...
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Freeport McMoRan (FCX) has been on a tear, and one trader sees shares continuing to move even higher in the next few months. That’s based on the May $42 calls. Expiring in 88 days, over 3,250 contracts traded recently, a 20-fold rise in volume from the prior open interest of 163. Shares would need to rise another 13.5 percent for the option to move in-the-money before expiration. The trader paid about $2.41 to make the trade. Freeport shares jumped over 7.4 ...
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Unusual Options Activity: Facebook (FB)
Social media giant
Facebook (FB) has been trading in a range between $250 and $300 over the past few months. At least one trader sees a big selloff ahead. That’s based on the September $150 put options. Expiring in 210 days, shares would need to drop 47 percent for the trade to move in-the-money. Over 12,400 contracts traded, a 43-fold rise in volume over the prior open interest of 288. The trader paid about $1.54 for the options. With shares trading in a tight ...
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Facebook (FB) has been trading in a range between $250 and $300 over the past few months. At least one trader sees a big selloff ahead. That’s based on the September $150 put options. Expiring in 210 days, shares would need to drop 47 percent for the trade to move in-the-money. Over 12,400 contracts traded, a 43-fold rise in volume over the prior open interest of 288. The trader paid about $1.54 for the options. With shares trading in a tight ...
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Unusual Options Activity: Apple (AAPL)
Tech giant
Apple (AAPL) can’t seem to catch a break. The company hit an all-time high in September, then had a large pullback. It re-tested that high in late January and shares are pulling back yet again. But at least one trader sees shares moving higher in the near future. That’s based on the March 26th $141 calls. Over 4,075 of the contracts traded against a prior open interest of 216, a 19-fold rise in volume. The trade expires in 36 days. The ...
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Apple (AAPL) can’t seem to catch a break. The company hit an all-time high in September, then had a large pullback. It re-tested that high in late January and shares are pulling back yet again. But at least one trader sees shares moving higher in the near future. That’s based on the March 26th $141 calls. Over 4,075 of the contracts traded against a prior open interest of 216, a 19-fold rise in volume. The trade expires in 36 days. The ...
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