Unusual Options Activity

Gold producer Agnico Eagle Mines (AEM) is up about 9 percent over the past year, but has declined substantially from its 52-week highs in the spring. One trader sees shares posting a stronger rally through 2025. That’s based on the January 2025 $75 calls. With 445 days until expiration, 5,001 contracts traded compared to a prior open interest of 243, for a 21-fold rise in volume on the trade. The buyer of the calls paid $1.50. Agnico Eagle recently traded for about ...
Read More

Industrial conglomerate General Electric (GE) is having a strong year, with shares up over 90 percent. One trader sees further upside ahead going into next year. That’s based on the March 2024 $105 calls. With 140 days until expiration, 18,015 contracts traded compared to a prior open interest of 138, for a massive 131-fold rise in volume on the options trade. The buyer of the calls paid $13.80 to make the bullish bet. GE shares last traded for about $111, making the ...
Read More

E-commerce financial technology company StoneCo (STNE) has been trading lower in recent months. One trader sees shares declining further into the new year. That’s based on the January 2024 $8 puts. With 85 days until expiration, 49,324 contracts traded compared to a prior open interest of 293, for a staggering 168-fold jump in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. Shares recently traded for about $10, so they would need to drop about ...
Read More

Casino operator Las Vegas Sands (LVS) is up 30 percent over the past year, even as shares have come well off their 52-week highs. One trader is making a high probability bet shares will trend higher. That’s based on the March 2024 $40 calls. With 142 days until expiration, 43,033 contracts traded compared to a prior open interest of 172, for a massive 250-fold rise in volume on the trade. The buyer of the calls paid $8.40. Shares recently traded close to ...
Read More

Metal producer United States Steel (X) is up nearly 48 percent over the past year, far beating the overall market. One trader is betting on shares to move higher in the next month. That’s based on the November 24 $33 calls. With 31 days until expiration, 10,313 contracts traded compared to a prior open interest of 534, for a 19-fold rise in volume on the trade. The buyer of the calls paid $1.15. Shares recently traded for just under $32, so they ...
Read More

Semiconductor producer Taiwan Semiconductor (TSM) is up 41 percent over the past year, and held up well amid last week’s market selloff. One trader sees further upside ahead. That’s based on the February 16, 2024 $80 calls. With 116 days until expiration, 25,019 contracts traded compared to a prior open interest of 157, for a massive 159-fold rise in volume on the trade. The buyer of the calls paid $15.75 to make the bullish bet Shares recently traded for about $93, making ...
Read More

Semiconductor designer Marvell Technology (MRVL) is up 40 percent in the past year, returning more than double the S&P 500. One trader sees shares trending higher in the next two weeks. That’s based on the November 3 $53 calls, With 14 days until expiration, 5,037 contracts traded compared to a prior open interest of 109, 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 $51.50, ...
Read More

Household product firm Colgate-Palmolive (CL) is trading flat over the past year as consumer goods companies have sold off in recent weeks. One trader sees a strong rebound by the end of next spring. That’s based on the May 2024 $75 calls. With 211 days until expiration, 51,631 contracts traded compared to a prior open interest of 270, for a massive 191-fold jump in volume on the trade. The buyer of the calls paid $3.40. Shares recently traded for about $72, so ...
Read More