Unusual Options Activity

Oil and gas major Conoco Phillips (COP) is up 17% over the past year. One trader sees further upside in the months ahead. That’s based on the June $155 calls. With 79 days until expiration, 11,528 contracts traded compared to a prior open interest of 129, for an 89-fold rise in volume on the trade. The buyer of the calls paid $0.27 to make the bullish bet. Conoco shares recently traded for about $129. Shares would need to rise another $26, or ...
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Oil and gas pipeline Plains All American Pipeline (PAA) is up over 40% in the past year, handily beating the overall stock market. One trader sees shares trending higher through 2026. That’s based on the January 2026 $22 calls. With 653 days until expiration, 4,415 contracts traded compared to a prior open interest of 108, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.46 to make the bullish bet. Plains shares recently traded for about ...
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Technology giant Amazon (AMZN) has soared in the past year, surging 77% higher. One trader sees shares taking a breather over the coming months and giving back some of their recent gains. That’s based on the August $125 puts. With 137 days until expiration, 8,594 contracts traded compared to a prior open interest of 212, for a 41-fold rise in volume on the trade. The buyer of the puts paid $0.93 to make the bearish bet. Shares recently traded for about $180, ...
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Car and truck producer General Motors (GM) is hitting a new 52-week high. One trader sees shares trending even higher over the next few months. That’s based on the July $50 calls. With 112 days until expiration, 11,169 contracts traded compared to a prior open interest of 188, for a 59-fold rise in volume on the trade. The buyer of the calls paid $1.12 to make the bullish bet. General Motors shares recently traded for about $45, so shares would need to ...
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Shares of doughnut maker Krispy Kreme (DNUT) soared 35% on Monday, following news that its product would start appearing at fast food giant McDonald’s (MCD). One trader sees the rally continuing in the coming weeks. That’s based on the April $15 calls. With 22 days until expiration, 8,3405 contracts traded compared to a prior open interest of 144, for a 58-fold rise in volume on the trade. The buyer of the calls paid $2.00 to make the bullish bet. Krispy Kreme shares ...
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Food delivery service company DoorDash (DASH) has soared in the past year, with shares up 129%. One trader sees shares continuing to trend higher. That’s based on the June $120 calls. With 86 days until expiration, 43,036 contracts traded compared to a prior open interest of 527, for an 82-fold rise in volume on the trade. The buyer of the calls paid $25.22 to make the bullish bet. DoorDash shares recently traded for about $138, meaning about $18 of the option’s price ...
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Resort and casino operator Wynn Resorts (WYNN) has been trending higher in recent months, but shares are still down 6% over the past year. One trader sees shares pulling back over the next few weeks. That’s based on the May $95 puts. With 52 days until expiration, 6,516 contracts traded compared to a prior open interest of 117, for a 56-fold rise in volume on the trade. The buyer of the puts paid $2.46 to make the bearish bet. Wynn shares recently ...
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Retailer The Gap (GPS) has been a runaway winner over the past year, with a 205% rally. One trader sees shares climbing even further in the next four months. That’s based on the July $30 calls. With 116 days until expiration, 3,173 contracts traded compared to a prior open interest of 119, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.60 to make the bullish bet. Gap shares recently traded for about $28.50. The stock ...
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