Unusual Options Activity

Packaging and container firm WestRock Company (WRK) is up 7 percent over the past year, about half as much as the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the December $37.50 calls. With 35 days until expiration, 14,107 contracts traded compared to a prior open interest of 249, for a 57-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. WestRock recently traded right ...
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Hotel chain Marriott International (MAR) is up nearly 30 percent over the past year. One trader is betting that shares will slide in the coming weeks. That’s based on the December 15 $170 puts. With 37 days until expiration, 8,430 contracts traded compared to a prior open interest of 100, for an 84-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Marriott shares recently traded for about $191, so the stock would ...
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Ticket seller Live Nation Entertainment (LYV) is up 17 percent over the past year, slightly beating the returns on the S&P 500. One trader sees further gains in the months ahead. That’s based on the January 2024 $92.50 calls. With 72 days until expiration, 3,815 contracts traded compared to a prior open interest of 105, for a 36-fold increase in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Live Nation recently traded for about ...
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Food delivery service DoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 ...
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Apparel manufacturing firm V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the ...
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Airline carrier JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the ...
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Shares of Tesla Motors (TSLA) slid under $200 this week. The stock is now at a five-month low and under its 200-day moving average. One trader sees a short-term bounce in the weeks ahead. That’s based on the December 1 $200 call. With 30 days until expiration, 3,323 contracts traded compared to a prior open interest of 169, for a 20-fold rise in volume on the trade. The buyer of the calls paid $11.60 to make the bullish bet. With shares trading ...
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Canadian energy producer Cenovus Energy (CVE) has been making higher highs since May, but recently started to break lower. One trader is betting on further downside for shares in the coming weeks. That’s based on the December 15 $19 puts. With 45 days until expiration, 10,908 contracts traded compared to a prior open interest of 435, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.85 to make the bearish bet. Shares recently went for about ...
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