Unusual Options Activity: Kraft Heinz (KHC)
July 17th put options with a $20 strike on
Kraft Heinz (KHC) saw a 9-fold rise in volume, going from 112 open trades to just over 1,030. The trade, expiring in 154 days, would move in-the-money if shares dropped about 18 percent from their current price near $27.50. The trader paid $0.23, or $23 per contract, to make the bet, so shares would need to drop to $19.70, well below the stock’s 52-week lows, to profit at expiration. Shares of Kraft Heinz have struggled ...
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Kraft Heinz (KHC) saw a 9-fold rise in volume, going from 112 open trades to just over 1,030. The trade, expiring in 154 days, would move in-the-money if shares dropped about 18 percent from their current price near $27.50. The trader paid $0.23, or $23 per contract, to make the bet, so shares would need to drop to $19.70, well below the stock’s 52-week lows, to profit at expiration. Shares of Kraft Heinz have struggled ...
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Unusual Options Activity: Target (TGT)
February 28th call options with a $121 strike on
Target (TGT) saw a 194-fold explosion in volume, going from a mere 122 open contracts to a volume of over 23,736 contracts. The bet expires in just 15 days. It’s a bet that shares can rise about $3 from their price around $118, or 2.5 percent. The trader buying the options paid $0.98, so shares will really need to close north of $122 at expiration to profit. The company next reports earnings on March 3rd, ...
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Target (TGT) saw a 194-fold explosion in volume, going from a mere 122 open contracts to a volume of over 23,736 contracts. The bet expires in just 15 days. It’s a bet that shares can rise about $3 from their price around $118, or 2.5 percent. The trader buying the options paid $0.98, so shares will really need to close north of $122 at expiration to profit. The company next reports earnings on March 3rd, ...
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Unusual Options Activity: Snapchat (SNAP)
January 2022 call options on
Snapchat (SNAP) saw over 17,621 contracts trade, and 18-fold rise over the prior interest near 1,000. The contracts, expiring in 709 days, are a bet on the company roughly doubling from their current price near $17.60. The option buyer also paid $1.50 per contract, so shares would need to clear $36.50 at expiration to profit. That would bring the return expectation up to 107 percent over today’s share price. A doubling would also bring the company’s market cap to ...
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Snapchat (SNAP) saw over 17,621 contracts trade, and 18-fold rise over the prior interest near 1,000. The contracts, expiring in 709 days, are a bet on the company roughly doubling from their current price near $17.60. The option buyer also paid $1.50 per contract, so shares would need to clear $36.50 at expiration to profit. That would bring the return expectation up to 107 percent over today’s share price. A doubling would also bring the company’s market cap to ...
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Unusual Options Activity: iQIYI (IQ)
February 28th $27 call options on
iQIYI (IQ) saw a 57-fold increase in volume, going from 151 open contracts to over 8,600 options trade. The bet, expiring in 17 days, is for shares to rise about $1.75 from their current price near $25.25. That’s about a 7 percent return. The call buyer also paid about $1.00 for the trade, so shares would really need to clear $28 at expiration for the trader to profit. An internet entertainment platform based out ...
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iQIYI (IQ) saw a 57-fold increase in volume, going from 151 open contracts to over 8,600 options trade. The bet, expiring in 17 days, is for shares to rise about $1.75 from their current price near $25.25. That’s about a 7 percent return. The call buyer also paid about $1.00 for the trade, so shares would really need to clear $28 at expiration for the trader to profit. An internet entertainment platform based out ...
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Unusual Options Activity: Gilead Sciences (GILD)
Trader bets on major rally in coming months.
April 17th $80 call options on
Gilead Sciences (GILD) saw a 38-fold rise in trading, going from 805 open contacts to over 30,300 trade hands. The bet, expiring in just 68 days, is that shares will move about $12 higher from their price of $68, or about 17.6 percent. The total returns on shares will have to clear 20 percent by expiration, given that the buyer of the options paid $1.30 for the stake. Gilead Sciences, a ...
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Unusual Options Activity: L Brands Inc (LB)
Trader bets big on moderate rally this month.
February 28th call options with a $25 strike price on
L Brands Inc (LB) saw a 100-fold surge in volume, going from 100 open contracts to around 10,000 trade hands. The bet, expiring in 21 days, is that shares will rally to $25 from their current price near $24.50, or just over 2 percent. The option buyer also paid about $1.15 for the contract, so shares would need to clear $26.15 to profit the buyer at ...
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Unusual Options Activity: Lululemon (LULU)
Trader bets on drop in shares through June.
June 2020 $185 put options on
Lululemon (LULU) saw a 9-fold rise in volume, going from 141 open contracts to over 1,300. The trade, expiring in 134 days, implies about a 25 percent drop in shares from their current price near $245. Shares have been in an uptrend for several months and are near all-time highs. The trader also paid about $2.63 for the put options, so shares would need to drop ...
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Unusual Options Activity: Facebook (FB)
Trader bets on decline in the next month.
March 13th $200 put options on
Facebook (FB) saw a 83-fold rise in volume, going from 106 open contracts to over 8,850. The bet, expiring in 37 days, would require shares to drop about 4 percent between now and expiration in March. The trader paid about $3.30 per contract, so shares would need to drop under $196 by then to profit at expiration. Facebook recently reported solid earnings, but shares sold off, so the trader may see ...
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