Unusual Options Activity

Wall Street megabank Morgan Stanley (MS) is down nearly 10 percent over the past year, as financial stocks have been hit by rising interest rates. One trader is betting on a bounce higher in the coming months. That’s based on the February 2024 $87.50 calls. With 86 days until expiration, 25,470 contracts traded compared to a prior open interest of 201, for a 127-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish ...
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Oil and gas producer Phillips 66 (PSX) has underperformed the market over the past year, returning just 6 percent. One trader sees the potential for a move higher. That’s based on the February $135 calls. With 86 days until expiration, 11,002 contracts traded compared to a prior open interest of 161, for a 68-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Phillips 66 recently traded for just over $116, so they ...
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Electric vehicle manufacturer Fisker (FSR) is down 60 percent over the past year, as demand for new cars has slowed. One trader sees further downside in the weeks ahead. That’s based on the December 15 $2 puts. With 24 days until expiration, 18,694 contracts traded compared to a prior open of 146, for a massive 128-fold rise in volume on the trade. The buyer of the puts paid $0.10 to make the bearish bet. Shares recently traded just under $3, so would ...
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Uranium producer Cameo (CCJ) has been a strong performer this year, with shares up over 75 percent. One trader sees further upside in the coming weeks. That’s based on the December 29 $50 calls. With 43 days until expiration, 31,631 contracts traded compared to a prior open interest of 130, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Shares recently traded for about $44, so they would need to ...
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Artificial Intelligence developer C3.ai (AI) has had a strong year, with shares up over 90 percent. One trader sees the potential for a pullback in the coming weeks. That’s based on the December 1 $22 puts. With 16 days until expiration, 3,521 contracts traded compared to a prior open interest of 101, for a 35-fold rise in volume on the trade.  The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $27.50, so shares would ...
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Sports apparel chain Foot Locker (FL) has dropped nearly 40 percent over the past year. One trader is betting on a rebound in shares in the coming weeks. That’s based on the December 15 $22.50 calls. With 31 days until expiration, 8,084 contracts traded compared to a prior open interest of 177, for a 46-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Shares recently traded for about $20.50, so they would ...
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Retail real estate investment trust (REIT) Seritage Growth Properties (SRG), jumped over 15 percent last week following strategic asset sales and strong earnings. One trader sees further upside ahead. That’s based on the January 2024 $9 calls. With 67 days until expiration, 11,839 contracts traded compared to a prior open interest of 270, for a 44-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. Seritage shares recently traded for about $8.65 following ...
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Internet brokerage firm Robinhood (HOOD) dropped 15 percent on Wednesday following weak earnings. One trader is betting on shares to rebound from its quarterly report. That’s based on the February 2024 $8 calls. With 98 days until expiration, 4,576 contracts traded compared to a prior open interest of 124, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.08 to make the bullish bet. Shares recently traded for about $8.35, making this a slightly in-the-money trade ...
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