Unusual Options Activity

Alzheimer’s disease treatment company Cassava Sciences (SAVA) dropped 15 percent on Monday. A leaked report suggests that the company may have manipulated data, and one trader is betting shares will continue to drop. That’s based on the November 17th $10 puts. With 30 days until expiration, 2,445 contracts traded compared to a prior open interest of 126, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.70. Shares recently traded at about $12.50 where they hit ...
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Retailer Abercrombie & Fitch (ANF) is having a banner year, with a 276 percent rally in shares. One trader sees that rally continuing in the weeks ahead. That’s based on the December 15 $80 calls. With 59 days until expiration, 2,309 contracts traded compared to a prior open interest of 112, for a 21-fold rise in volume on the trade. The buyer of the calls paid $1.05 to make the bullish bet. Shares recently traded for just over $60, so they would ...
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Financial services leader Morgan Stanley (MS) is trading flat over the past year, as the banking sector has been under pressure from higher interest rates and slow stock trading. One trader is betting shares will take a hit in the coming months. That’s based on the December 15 $60 puts. With 58 days until expiration, 9,965 contracts traded compared to a prior open interest of 162, for a 62-fold rise in volume on the trade. The buyer of the puts paid ...
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Dialysis machine manufacturer Baxter International (BAX) is down nearly a third over the past year. Part of the recent selloff comes as new weight loss drugs have come onto the market. One trader is betting that shares have overreacted. That’s based on the January 2024 $35 calls. With 98 days until expiration, 6,917 contracts traded compared to a prior open interest of 205, for a 34-fold rise in volume. The buyer of the calls paid $1.50 to make the bullish bet. Shares ...
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Data analytics firm Palantir Technologies (PLTR) is up nearly 120 percent over the past year. One trader is betting on a further rally for the stock going into next spring. That’s based on the May 2024 $23 calls. With 217 days until expiration, 4,027 contracts traded compared to a prior open interest of 110, for a 37-fold rise in volume on the trade. The buyer of the calls paid $2.06 to make the bullish bet. Shares recently traded just under $18, so ...
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Oil and gas exploration company Coterra Energy (CTRA) is down about 5 percent over the past year. One trader is betting on shares to rally in the months ahead. That’s based on the April 2024 $31 calls. With 191 days until expiration, 4,955 contracts traded compared to a prior open interest of 194, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.55 to make the bullish bet. Shares recently traded for about $28, so they ...
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Brazilian iron ore producer Vale (VALE) is down nearly 12 percent over the past year, far underperforming global markets. One trader sees the potential for a big move higher in the coming months. That’s based on the March 2024 $15 calls. With 157 days until expiration, 50,444 contracts traded compared to a prior open interest of 2,009, for a 25-fold rise in volume on the option. The buyer of the calls paid $0.44 to make the bullish bet. Shares recently traded for ...
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Beverage giant The Coca-Cola Company (KO) is now flat over the past year, following a steep drop in shares in the past few trading days. One trader sees a small rebound for shares in the days ahead. That’s based on the October 20 $54 calls. With 11 days left until expiration, 6,269 contracts traded compared to a prior open interest of 245, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.42. Shares recently traded for ...
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