Unusual Options Activity

Wall Street megabank Citigroup (C) is up 27% over the past year, just slightly ahead of the overall stock market. One trader sees a potential pullback in shares in the coming weeks. That’s based on the May 10 $60 puts. With 24 days until expiration, 4,480 contracts traded compared to a prior open interest of 107, for a 42-fold rise in volume on the trade. The buyer of the puts paid $1.70 to make the bearish bet. Citigroup shares recently traded for ...
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Drug manufacturer Pfizer (PFE) has shed 35% over the past year amid a poorly-performing market for the pharmaceutical sector. One trader sees a rally in the coming weeks. That’s based on the May 10 $28 calls. With 28 days until expiration, 39,706 contracts traded compared to a prior open interest of 411, for a 97-fold rise in volume on the trade. The buyer of the calls paid $0.57 to make the bullish bet. Pfizer shares recently traded just over $26, so they ...
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Copper producer Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for about ...
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Korean semiconductor manufacturer Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, ...
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Sports apparel manufacturer Nike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would ...
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Industrial conglomerate General Electric (GE) has been on a tear, with shares doubling over the past year. One trader sees further gains ahead. That’s based on the June $160 calls. With 74 days until expiration, 23,168 contracts traded compared to a prior open interest of 104, for a massive 223-fold rise in volume on the trade. The buyer of the calls paid $3.80 to make the bullish bet. GE shares recently traded for about $147, so the stock would need to rise ...
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Uranium explorer and producer NextGen Energy (NXE) is up over 130% in the past year thanks to strong demand for the energy source. One trader sees further gains in the next five months. That’s based on the September $11 calls. With 168 days until expiration, 10,173 contracts traded compared to a prior open interest of 159, for a 64-fold rise in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. NextGen shares recently traded for ...
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Automation software company UiPath (PATH) is up about in-line with the overall stock market in the last year. One trader sees a pullback ahead for shares. That’s based on the August $15 put options. With 134 days until expiration, 6,406 contracts traded compared to a prior open interest of 102, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.34 to make the bearish bet. UiPath shares recently traded for about $21.50. For the option to ...
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