Unusual Options Activity

Wall Street megabank Citigroup (C) has been hit hard with the rest of the market in recent weeks, with the stock down 30% from recent highs. One trader sees further downside in the coming weeks. That’s based on the May $57.50 puts. With 32 days until expiration, 4,803 contracts traded compared to a prior open interest of 134, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.86 to make the bearish bet. Citigroup recently traded ...
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Offshore oil rig operator Transocean (RIG) is down 65% over the past year, given the high costs of operating offshore and a continued decline in energy prices. One trader sees further weakness into 2027. That’s based on the January 2027 $2 puts. With 644 days until expiration, 14,184 contracts traded compared to prior open interest of 144, for a 99-fold rise in volume on the trade. The buyer of the puts paid $0.63 to make the bearish bet. Transocean shares recently traded ...
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Oil and gas exploration company Antero Resources (AR) is up 13% over the past year, bucking the energy sector’s decline as a whole. However, amid the tariff uncertainty, one trader sees further downside in the weeks ahead. That’s based on the May $25 puts. 21,670 contracts recently traded compared to a prior open interest of 123 contracts, for a massive 176-fold rise in volume on the trade. The options have 36 days left until expiration, and recently traded for about $0.80. Antero ...
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Chemical manufacturer Dow Inc. (DOW) is down over 50% in the past year. One trader is betting on a rebound by the end of 2025. That’s based on the January 2026 $25 calls. The option has 282 days until expiration, and just saw a 31-fold rise in trading volume from 100 contracts to 3,067. The buyer of the calls paid $5.13 to make the bullish bet. Dow recently traded for about $27, making the trade about $2.00 in-the-money. Shares recently fell with ...
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Asset manager Blue Owl Capital (OWL) is down 7% over the past year, with share sinking with the overall market. One trader is betting on a further move lower in the coming weeks. That’s based on the May 2025 $16 puts. 15,051 contracts recently traded hands, a massive 87-fold rise over the prior open interest of 172 contracts. The option has 38 days until expiration, and the buyer of the puts paid $1.70 to make the bearish bet. Blue Owl shares recently ...
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Sports apparel giant Nike (NKE) slid nearly 14% following the announcement of new tariffs that would impact their sales. One trader sees further weakness in shares ahead. That’s based on the July $45 puts. 5,024 contracts traded compared to a prior open interest of 102, from a 50-fold rise in volume on the options trade, which has 102 days left until expiration. The buyer of the puts paid $1.05 to make the bearish bet. Nike shares recently traded for about $56, so ...
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Casino and resort operator MGM Resorts International (MGM) is down 33% over the past year on fears of a consumer slowdown in travel and tourism. One trader sees further downside in the months ahead. That’s based on the September $26 puts. With 168 days until expiration, volume just jumped 50-fold, from 145 contracts to 7,200. The buyer of the puts paid $1.33 to make the bearish bet. MGM shares recently traded for about $31, so shares would need to drop by $5, ...
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Media giant Paramount Global (PARA) has traded flat over the past year, largely trading in a range. Shares are now at the higher end of their range, and one trader is betting on a move lower. That’s based on the September $10 puts. With 169 days until expiration, 10,762 contracts traded compared to a prior open interest of 315, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.25 to make the bearish bet. Paramount shares ...
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