Unusual Options Activity: Apple (AAPL)

Tech giant Apple (AAPL) can’t seem to catch a break. The company hit an all-time high in September, then had a large pullback. It re-tested that high in late January and shares are pulling back yet again. But at least one trader sees shares moving higher in the near future. That’s based on the March 26th $141 calls. Over 4,075 of the contracts traded against a prior open interest of 216, a 19-fold rise in volume. The trade expires in 36 days ...
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Unusual Options Activity: Yamana Gold (AUY)

Gold prices have been lackluster lately, but some traders see a further potential move higher in the gold mining space. That’s based on the call option activity in Yamana Gold (AUY). The trade? The $4.50 calls expiring in March, just 30 days away. Over 3,600 contracts traded against a prior open interest of 140, for a 26-fold rise in volume. The trade is about $0.20 in-the-money already, given the current share price near $4.70. The trader paid about $0.43 for the option. Following ...
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Unusual Options Activity: Marvell Technology Group (MRVL)

Expecting the semiconductor industry to take a breather after its big run? Think again. At least one trader sees a massive move higher. The August $80 call options on Marvell Technology Group (MRVL) tell the story. Over 9,200 contracts traded from a prior open interest of 307, a 30-fold rise in volume on the trade. The trade, expiring in 185 days, will move in-the-money if shares rally another 48 percent from their current price near $44. The call buyer paid about $1.97 ...
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Unusual Options Activity: ViacomCBS (VIAC)

Media giant ViacomCBS (VIAC) has been on a tear in recent months. After spiking as high as $60, however, at least one trader sees a pullback in the cards. That’s based on the June $55 put options. Over 4,300 contracts traded, a 39-fold rise over the prior open interest of 110. With 123 days until expiration, shares would need to decline about 5 percent for the trade to move in-the-money. The buyer paid about $6.80 for the option. The merger between Viacom ...
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Unusual Options Activity: Denison Mines (DNN)

Uranium prices have been on the rise, and traders have been piling into related mining names. One such name, Denison Mines (DNN) has nearly doubled since the start of the month. One trader sees a massive surge higher. That’s based on the March $5 calls. With 35 days until expiration, and with shares around $1.15, shares would need to go up nearly five-fold for the trade to profit. Over 175,700 contracts traded, a 25-fold rise in volume from the prior open interest ...
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Unusual Options Activity: Coty Inc (COTY)

Cosmetics firm Coty (COTY) has been a poor performer during the pandemic, but shares have started moving up in recent months. Now, after flatlining for a few weeks, one trader sees shares moving higher. That’s based on the March 2021 $7.50 call. With 43 days until expiration, over 10,200 contracts traded against an open interest of 247, for a 41-fold rise in volume. The trader paid about $0.53 for each contract. With shares at $6.60, the $7.50 trade will move in-the-money if ...
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Unusual Options Activity: Twitter (TWTR)

Social media giant Twitter (TWTR) saw a backlash last month over a number of banned accounts, including that of then-president Donald Trump. However, shares have started to move higher in the past few weeks, and one trader sees a continued rally ahead. That’s based on the March $85 call option. Expiring in 37 days, and with shares trading at $60, it’s an aggressive bet on shares continuing their current strong rally. Over 8,050 contracts traded against a prior open interest of 202, ...
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Unusual Options Activity: Penn Gaming (PENN)

Shares of casino operator Penn Gaming (PENN) have been in a strong uptrend the past few months. Even with a slight pullback Monday, at least one trader sees shares continuing to trend higher. That’s based on the April 2021 $140 calls. With 66 days to expiration, over 9,700 contracts traded, a 51-fold rise in volume over the prior open interest of 190 contracts. Shares would need to rise about 15 percent from their current price of $122 for the trade to ...
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