Unusual Options Activity

Oil pipeline company Kinder Morgan (KMI) is trading flat over the past year. Declining energy prices and a lack of interest in the space have kept a lid on shares. One trader sees a jump higher in the month ahead. That’s based on the April 5th $18 call option. With 31 days until expiration, 8,153 contracts traded compared to a prior open interest of 141, for a 58-fold rise in volume on the trade. The buyer of the calls paid $0.16. Kinder ...
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Digital payment company Block (SQ) has been an underperforming stock in the past year, with shares just breaking even after a big earnings beat. One trader sees shares trending lower in the weeks ahead. That’s based on the May $70 puts. With 73 days until expiration, 26,315 contracts traded compared to a prior open interest of 1,128, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.30 to make the bearish bet. Block recently trade near ...
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Dating app Bumble (BMBL) is down 45 percent over the past year, and sank 15 percent following earnings earlier this week. One trader sees further weakness ahead for shares in the coming weeks. That’s based on the April $10 puts. With 48 days until expiration, 39,751 contracts traded compared to a prior open interest of 1,067 for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. The company has struggled operationally ...
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Payroll processing company Automatic Data Processing (ADP) is up 15 percent over the past year, slightly underperforming the overall stock market. One trader sees further upside in the months ahead. That’s based on the April $270 calls. With 49 days until expiration, 3,731 contracts traded compared to a prior open interest of 108, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.65 to make the bullish bet. ADP shares recently traded for about $251, so ...
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Shares of conglomerate Berkshire Hathaway (BRK-B) dropped slightly after reporting record earnings for the fourth quarter of 2023. One trader sees shares trending higher in the coming weeks. That’s based on the April $430 calls. With 51 days until expiration, 11,615 contracts traded compared to a prior open interest of 292, for a 40-fold rise in volume on the trade. The buyer of the calls paid $2.75 to make the bullish bet. Berkshire shares recently traded for about $410, so they would ...
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Telecom provider Frontier Communications Parent (FYBR) is down 17 percent over the past year as the telecom space has been a poorly-performing part of the market. One trader sees further downside ahead. That’s based on the May $22.50 puts. With 80 days left until expiration, 10,530 contracts traded compared to a prior open interest of 295, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.50 to make the bearish bet. Frontier shares recently traded for ...
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Electric vehicle manufacturer Rivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, ...
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Wall Street megabank Morgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded ...
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