Unusual Options Activity

Automobile manufacturer General Motors (GM) has been rangebound over the past year, and shares appear to be trending down once again. One trader is betting shares will further decline from here in the coming weeks. That’s based on the August 18 $35.50 puts. With 22 days until expiration, 5,802 contracts traded compared to a prior open interest of 129, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.31 to make the bearish bet. Shares recently ...
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Social media provider Meta Platforms (META) has more than tripled off of last year’s lows. One trader sees the rally continuing into 2025. That’s based on the January 2025 $550 calls. With 541 days until expiration, 5,032 contracts traded compared to a prior open interest of 167, for a 30-fold rise in volume on the trade. The buyer of the calls paid $9.95 to make the bullish bet. Meta recently traded for just over $290, so shares would need to rally another ...
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Nevada-based bank Axos Financial (AX) is now up for the year, as shares have recovered following the bank stock selloff in the spring. One trader sees shares trending lower in the weeks ahead. That’s based on the August $40 puts. With 24 days until expiration, 5,056 contracts traded compared to a prior open interest of 131, for a 39-fold rise in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. Axos shares recently went for ...
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Oil and gas midstream firm EnLink Midstream (ENLC) have risen over 30 percent since their May lows. One trader sees shares continuing higher in the coming weeks. That’s based on the September $12 calls. With 52 days until expiration, 13,412 contracts traded compared to a prior open interest of 579, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.35 to make the bullish bet. Shares recently traded for about $11.50, so they would need to ...
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Iron ore producer Rio Tinto Group (RIO) has seen shares drop nearly 10 percent since the start of the year. One trader sees shares moving higher in the coming months. That’s based on the October $60 calls. With 91 days until expiration, 10,844 contracts traded compared to a prior open interest of 125, for an 87-fold rise in volume on the trade. The buyer of the calls paid $7.10 to make the bullish bet. Shares recently traded for about $66, making the ...
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Graphics processing unit manufacturer Nivida (NVDA) has been on a tear this year, with shares more than doubling. One trader sees a pullback in the coming weeks. That’s based on the August 25 $460 puts. With 35 days until expiration, 9,870 contracts traded compared to a prior open interest of 157, for a 63-fold rise in volume on the trade. The buyer of the puts paid $26.30 to make the bearish bet. Shares recently traded for about $475, so they would need ...
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Semiconductor firm Advanced Micro Devices (AMD) has nearly doubled so far this year. One trader sees shares pulling back in the coming weeks. That’s based on the August 25 $115 puts. With 37 days until expiration, 11,158 contracts traded compared to a prior interest of 101, for a 101-fold rise in volume on the trade. The buyer of the puts paid $5.60 to make the bearish bet. AMD recently traded for about $118, so the stock would need to fall about 2.5 ...
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Payment management company BILL Holdings (BILL) is up about 14 percent so far this year. However, one trader sees a pullback in the months ahead. That’s based on the November $120 puts. With 122 days until expiration, 22,046 contracts traded compared to a prior open interest of 101, for a 218-fold rise in volume on the trade. The buyer of the puts paid $14.60 to make the bearish bet. Shares recently went for about $125, so they would need to drop $5, ...
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