Unusual Options Activity

Oil and gas exploration company Enerplus Corporation (ERF) has slid in recent weeks as oil prices have trended lower. One trader sees a further decline in the weeks ahead. That’s based on the April $14 puts. With 28 days until expiration, 2,723 contracts traded compared to a prior open interest of 113, for a 24-fold rise in volume on the trade. The buyer of the puts paid $0.58 to make the bearish bet. Shares recently traded for about $14.15, so the stock ...
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Social media company Snap Inc (SNAP) has seen shares drop 70 percent in the past year. One trader is betting that shares have further to fall in the next six months. That’s based on the September $6 puts. With 176 days until expiration, 11,418 contracts traded compared to a prior open interest of 246, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.27 to make the bearish bet. Shares recently went for about $11.50, so ...
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Semiconductor company Analog Devices (ADI) have been a strong performer in the past year, with a 13 percent gain, amid overall losses for the sector. One trader is betting on a reversion taking shares down in the coming days. That’s based on the March 31 $175 puts. With 9 days until expiration, 2,232 contracts traded compared to a prior open interest of 115, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.77. Shares recently traded ...
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Video game design studio Electronic Arts (EA) dropped about 10 percent over the past year. One trader sees shares rebounding in the months ahead. That’s based on the September $125 calls. With 178 days until expiration, 1,307 contracts traded compared to a prior open interest of 106, for a 12-fold rise in volume on the trade. The buyer of the calls paid $4.65 to make the bullish bet. Shares recently traded for about $113, so the stock would need to rise $12, ...
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Brazilian iron ore producer Vale (VALE) is down 17 percent in the past year, with most of that decline occurring in just the past few weeks. One trader sees a potential rebound in the coming weeks. That’s based on the April $15 calls. With 32 days until expiration, 62,023 contracts traded compared to a prior open interest of 1,004, for a 62-fold rise in volume on the trade. The buyer of the calls paid $1.12 to make the bullish bet. Vale shares ...
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Airliner United Airlines Holdings (UAL) has held up well over the past year, with a 12 percent gain amid the market’s overall 10 percent drop. One trader sees that outperformance continuing in the months ahead. That’s based on the January 2025 $45 calls. With 672 days until expiration, 5,497 contracts traded compared to a prior open interest of 143, for a 38-fold rise in volume on the trade. The buyer of the calls paid $11.13 to make the bullish bet. United shares ...
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Office real estate investment trust SL Green Realty (SLG) has seen shares slide by nearly two-thirds in the past year. One trader sees a further decline in the weeks ahead. That’s based on the May $22.50 puts. With 64 days until expiration, 9,147 contracts traded compared to a prior open interest of 22, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.45 to make the downside bet. Shares recently went for about $28, so the ...
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Transaction processing services company Marqeta (MQ) has seen shares get cut in half over the past year. One trader sees further downside in the months ahead. That’s based on the June $3.50 puts. With 93 days until expiration, 67,259 contracts traded compared to a prior open interest of 100, for a staggering 673-fold jump in volume on the trade. The buyer of the puts paid $0.23 to make the downside bet. Shares recently went for about $4.25, so the stock would need ...
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