Unusual Options Activity: Palantir (PLTR)
Big data giant
Palantir (PLTR) recently saw shares surge from the mid-$20 range to the mid-$30 range as retail investors drove shares higher. At least one trader sees the move as played out. That’s based on the March 2021 $33 puts. Over 32,980 contracts traded against a prior open interest of 478, making for a 77-fold rise in volume. The trade expires in 52 days, and is close to where shares traded on Monday. The buyer of the contracts paid about $6.88 for ...
Read More About This
Palantir (PLTR) recently saw shares surge from the mid-$20 range to the mid-$30 range as retail investors drove shares higher. At least one trader sees the move as played out. That’s based on the March 2021 $33 puts. Over 32,980 contracts traded against a prior open interest of 478, making for a 77-fold rise in volume. The trade expires in 52 days, and is close to where shares traded on Monday. The buyer of the contracts paid about $6.88 for ...
Read More About This
Unusual Options Activity: Ford (F)
Automaker
Ford (F) has seen shares rally over 30 percent since the start of the year, from $8.50 to $11.50. One trader sees the move as too much, too quick. That’s based on the September 2021 $10 puts. Over 10,020 contracts traded, a 20-fold rise in volume from the prior open interest near 500. With shares at about $11.50, it implies a drop of nearly 15 percent for the trade to move in-the-money. The trader paid about $1.22 for the option. Shares of ...
Read More About This
Ford (F) has seen shares rally over 30 percent since the start of the year, from $8.50 to $11.50. One trader sees the move as too much, too quick. That’s based on the September 2021 $10 puts. Over 10,020 contracts traded, a 20-fold rise in volume from the prior open interest near 500. With shares at about $11.50, it implies a drop of nearly 15 percent for the trade to move in-the-money. The trader paid about $1.22 for the option. Shares of ...
Read More About This
Unusual Options Activity: Facebook (FB)
Shares of social media behemoth
Facebook (FB) have rallied modestly in the past few days as the backlash against social media firms has started to recede. At least one trader sees shares heading fundamentally higher. That’s based on the June 2022 $320 calls. Over 9,400 contracts traded against a prior open interest of 193, for a 49-fold rise in volume. The option expires in 511 days. Shares trade near $272, and would need to rally about 17 percent for this trade to ...
Read More About This
Facebook (FB) have rallied modestly in the past few days as the backlash against social media firms has started to recede. At least one trader sees shares heading fundamentally higher. That’s based on the June 2022 $320 calls. Over 9,400 contracts traded against a prior open interest of 193, for a 49-fold rise in volume. The option expires in 511 days. Shares trade near $272, and would need to rally about 17 percent for this trade to ...
Read More About This
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 ...
Read More About This
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 ...
Read More About This
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 revenue ...
Read More About This
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 revenue ...
Read More About This
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 have ...
Read More About This
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 have ...
Read More About This
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 ends ...
Read More About This
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 ends ...
Read More About This
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 139. The ...
Read More About This
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 139. The ...
Read More About This
