Unusual Options Activity

Shares of electronics retailer Best Buy Company (BBY) are down about 18 percent over the past year. One trader sees a bigger drop ahead. That’s based on the March $55 puts. With 80 days until expiration, 6,003 contracts traded compared to a prior open interest of 132, for a 46-fold rise in volume on the trade. The buyer of the puts paid $0.62 to get into the bearish trade. Shares recently traded for about $80, so they would need to drop a ...
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Shares of wireless communications equipment company BlackBerry (BB) have shed more than half their value in the last year amid a big drop in tech stocks. One trader sees a further decline. That’s based on the June $4.00 puts. With 174 days until expiration, 4,255 contracts traded compared to a prior open interest of 151, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.82 to make the bet. The stock recently traded at a new ...
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Shares of global money center bank Deutsche Bank (DB) are down about 15 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the February 2023 $10 puts. With 57 days until expiration, 9,298 contracts traded compared to a prior open interest of 149, for a 62-fold rise in volume on the trade. The buyer of the puts paid $0.32 to make the downside bet. Shares recently traded for just over $11, so the ...
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Shares of hard drive manufacturer Seagate Technology (STX) have been cut in half over the past year amid slowing demand for computer and computer parts. One trader sees a further decline over the next two years. That’s based on the January 2025 $55 puts. With 758 days until expiration, 5,000 contracts traded compared to the prior open interest of 117, for a 28-fold rise in volume on the trade. The buyer of the puts paid $14.48 to make the trade. Shares recently ...
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Shares of 3D printing hardware and software provider 3D Systems Corporation (DDD) has lost over 62 percent of its value in the past year. One trader sees a further drop ahead. That’s based on the February $8 puts. With 59 days until expiration, 3,473 contracts traded compared to a prior open interest of 128, for a 27-fold increase in volume on the trade. The buyer of the puts paid $0.75 to make the bearish bet. The stock recently traded around $8.20, making ...
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Shares of home improvement retailer The Home Depot (HD) are down about in-line with the market over the past year. One trader sees a further drop in the weeks ahead. That’s based on the February 2023 $290 put. With 60 days until expiration, 13,502 contracts traded compared to a prior open interest of 311 for a 41-fold jump in volume on the trade. The buyer of the puts paid $4.03 to make the bearish bet. Home Depot shares recently traded just over ...
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Shares of video game retailer GameStop (GME) are down nearly 45 percent in the past year, nearly triple the amount the S&P 500 has declined. One trader sees a further decline in the coming months. That’s based on the March $21 puts. With 90 days until expiration, 7,230 contracts traded compared to a prior open interest of 103, for a 70-fold rise in volume on the trade. The buyer of the puts paid $4.58 to get in. Shares recently traded right around ...
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Shares of cosmetic retailer Sally Beauty Holdings (SBH) have lost nearly 42 percent in the last year. One trader sees a further drop in the weeks ahead. That’s based on the January $10 puts. With 36 days until expiration, 7,502 contracts traded compared to a prior open interest of 349, for a 22-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $12.00, so they’d need to lose ...
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