Unusual Options Activity

Big data firm Palantir Technologies (PLTR) has doubled over the past year, but shares are well off their highs and have slid in recent weeks. One trader sees further weakness ahead. That’s based on the October $12.50 puts. With 25 days until expiration, 9,233 contracts traded compared to a prior open interest of 148, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.29 to make the bearish bet. Shares recently traded for about $14.00. So ...
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Medical device manufacturer Edwards Lifesciences (EW) is down 14 percent over the past year, with shares taking a beating in recent sessions. One trader sees a potential rebound ahead in the coming weeks. That’s based on the October $82.50 calls. With 28 days until expiration, 5,738 contracts traded compared to a prior open interest of 209, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet. Edwards shares recently traded for ...
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Regional bank Axos Financial (AX) is flat over the past year, missing out on the market rally. One trader sees downside ahead for shares in the coming weeks. That’s based on the October $37.50 puts. With 28 days until expiration, 13,262 contracts traded compared to a prior open interest of 105, for a staggering 126-fold rise in volume on the trade. The buyer of the puts paid $1.75 to make the bearish bet. Shares recently traded for about $39.50, so the stock ...
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Household product manufacturer Newell Brands (NWL) has been a poor performer this year, with the stock losing over 42 percent of its value. One trader sees shares rebounding in the next six months. That’s based on the March 2024 $12 call options. With 177 days until expiration, 3,505 contracts traded compared to a prior open interest of 165, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.40 to make the bullish bet. Shares recently traded ...
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Major financial institution Bank of America (BAC) is down 15 percent over the past year as rising interest rates have weighed on lending activity. One trader sees a rebound in the coming month. That’s based on the October $23 calls. With 31 days until expiration, 17,263 contracts traded compared to a prior open interest of 194, for an 89-fold rise in volume on the trade. The buyer of the calls paid $6.00 to make the bullish bet. The bank last traded just ...
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Airliner United Airlines Holdings (UAL) is up about 17 percent over the past year, performing slightly better than the market. One trader sees shares trending lower in the coming months. That’s based on the December $41 puts. With 87 days until expiration, 8,565 contracts traded compared to a prior open interest of 141, for a 61-fold rise in volume on the trade. The buyer of the puts paid $1.31 to make the bullish bet. Shares recently traded for about $45, so the ...
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Uranium producer Cameco (CCJ) is up over 25 percent in the past year, nearly double the return of the S&P 500. Shares are also near a 52-week high. One trader sees that trend continuing in the coming weeks. That’s based on the October 20 $42 calls. With 35 days until expiration, 21,763 contracts traded compared to a prior open interest of 394, for a 55-fold rise in volume on the trade. The buyer of the calls paid $0.68 to make the ...
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Database software company Oracle (ORCL) sold off heavily on Tuesday, following weak guidance in its most recent earnings report. One trader is betting on a partial rebound in the coming days. That’s based on the September 29 $115 calls. With 15 days until expiration, 5,959 contracts traded compared to a prior open interest of 110, for a 54-fold rise in volume on the trade. The buyer of the calls paid $0.88 to make the bullish bet. Shares recently traded just under $110, ...
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