Unusual Options Activity

Metals mining company Teck Resources (TECK) is closing in on 52-week highs following a strong rally. One trader sees a pullback for the company in the months ahead. That’s based on the January 2024 $42 puts. With 275 days until expiration, 10,013 contracts traded compared to a prior open interest of 440, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.16 to make the bearish bet. Teck shares recently traded for just under $49 after ...
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E-commerce logistics firm GXO Logistics (GXO) has seen shares move in an uptrend over the past few months. One trader is betting that trend will play out over the next month. That’s based on the May $55 calls. With 31 days until expiration, 4,528 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 $1.53 to make the bullish bet. GXO shares recently traded for about $52, ...
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Electronics retailer Best Buy (BBY) has been trending down in recent weeks. One trader sees shares continuing lower in the next two months. That’s based on the June $67.50 puts. With 60 days until expiration, 10,078 contracts traded compared to a prior open interest of 410, for a 25-fold rise in volume on the trade. The buyer of the puts paid $2.30 to make the bearish bet. Shares recently traded for about $73, so they would need to fall about $6.50, or ...
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Airline carrier Delta Air Lines (DAL) has pulled back in recent weeks, as fears of a slowing economy may soften demand for air travel. One trader sees a further downside in the weeks ahead. That’s based on the May $29 puts. With 35 days until expiration, 5,772 contracts traded compared to a prior open interest of 114, for a 51-fold rise in volume on the trade. The buyer of the puts paid $0.38 to make the bearish bet. Shares recently traded just ...
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Construction machinery manufacturer Caterpillar (CAT) has traded flat over the past year, following a sizeable drop and rally over the past few months. One trader sees shares moving higher into the summer. That’s based on the August $260 calls. With 127 days until expiration, 35,041 contracts traded compared to a prior open interest of 560, for a 63-fold rise in volume on the trade. The buyer of the calls paid $3.83 to make the bullish bet. Share recently went for about $220, ...
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Precious metals explorer and producer Silvercorp Metals (SVM) has rallied in recent weeks as gold and silver have jumped higher. One trader sees that trend continuing in the months ahead. That’s based on the October $7.50 calls. With 191 days until expiration, 20,109 contracts traded compared to a prior open interest of 127, for a staggering 158-fold jump in volume on the trade. The buyer of the calls paid $0.18 to make the bullish bet. Shares recently traded for just under $4, ...
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Resort and casino operator Wynn Resorts (WNN) has rallied 53 percent in the past year. One trader sees a reversal playing out at some point by 2025. That’s based on the January 2025 $47.50 puts. With 646 days until expiration, 3,000 contracts traded compared to a prior open interest of 166, for an 18-fold rise in volume on the trade. The buyer of the puts paid $2.46 to make the bearish bet. Shares recently traded for just over $109, so the stock ...
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Offshore oil and gas drilling supplier Transocean (RIG) is up nearly 50 percent over the past year. However, one trader sees shares declining in the next 15 months. That’s based on the July 2024 $7.00 puts. With 466 days until expiration, 5,326 contracts traded compared to a prior open interest of 133, for a 40-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet. Transocean shares recently traded just under $6.50, leaving this ...
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