Unusual Options Activity: Abercrombie & Fitch (ANF)
Retail apparel company
Abercrombie & Fitch (ANF) have seen shares drop by over 20 percent in the past year. One trader is betting on more long-term pain for the company in the year ahead. That’s based on the January 2024 $15 put options. With 357 days until expiration, 5,000 contracts traded compared to a prior open interest of 112, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.88 to bet on a further drop in ...
Read More About This
Abercrombie & Fitch (ANF) have seen shares drop by over 20 percent in the past year. One trader is betting on more long-term pain for the company in the year ahead. That’s based on the January 2024 $15 put options. With 357 days until expiration, 5,000 contracts traded compared to a prior open interest of 112, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.88 to bet on a further drop in ...
Read More About This
Unusual Options Activity: Paramount Global (PARA)
Shares of media giant
Paramount Global (PARA) have shed one-third of their value in the past year. One trader sees shares moving higher in the weeks ahead. That’s based on the February 17 $21.50 call. With 22 days until expiration, 3,066 contracts traded compared to a prior open interest of 114, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.97 to make the trade. Shares recently traded just under $21, so they’d need to rise about ...
Read More About This
Paramount Global (PARA) have shed one-third of their value in the past year. One trader sees shares moving higher in the weeks ahead. That’s based on the February 17 $21.50 call. With 22 days until expiration, 3,066 contracts traded compared to a prior open interest of 114, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.97 to make the trade. Shares recently traded just under $21, so they’d need to rise about ...
Read More About This
Unusual Options Activity: Starbucks (SBUX)
Shares of coffee chain
Starbucks (SBUX) have bucked the market downtrend with a 7 percent gain over the past year. One trader sees that trend continuing in the coming months. That’s based on the April $115 calls. With 85 days until expiration, 121,998 contracts traded compared to a prior open interest of 2,448, for a 50-fold jump in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet. Shares recently traded for about $106, so they ...
Read More About This
Starbucks (SBUX) have bucked the market downtrend with a 7 percent gain over the past year. One trader sees that trend continuing in the coming months. That’s based on the April $115 calls. With 85 days until expiration, 121,998 contracts traded compared to a prior open interest of 2,448, for a 50-fold jump in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet. Shares recently traded for about $106, so they ...
Read More About This
Unusual Options Activity: Transocean (RIG)
Shares of offshore oil and gas services company
Transocean (RIG) are up 83 percent over the past year. One trader sees a pullback in the next two months. That’s based on the March $5 puts. With 51 days until expiration, 13,472 contracts traded compared to a prior open interest of 108, for a 91-fold jump in volume on the trade. The buyer of the puts paid $0.22 to make the bearish bet. Shares recently traded for $6, so the stock would need to ...
Read More About This
Transocean (RIG) are up 83 percent over the past year. One trader sees a pullback in the next two months. That’s based on the March $5 puts. With 51 days until expiration, 13,472 contracts traded compared to a prior open interest of 108, for a 91-fold jump in volume on the trade. The buyer of the puts paid $0.22 to make the bearish bet. Shares recently traded for $6, so the stock would need to ...
Read More About This
Unusual Options Activity: Intel (INTC)
Shares of chipmaker
Intel (INTC) are down 44 percent over the past year, about three times worse than the slide in the S&P 500. One trader sees the stock continuing lower over the next two years. That’s based on the January 2025 $13.00 put. With 725 days until expiration, 10,004 contracts traded compared to a prior open interest of 312, for a 32-fold jump in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Shares currently ...
Read More About This
Intel (INTC) are down 44 percent over the past year, about three times worse than the slide in the S&P 500. One trader sees the stock continuing lower over the next two years. That’s based on the January 2025 $13.00 put. With 725 days until expiration, 10,004 contracts traded compared to a prior open interest of 312, for a 32-fold jump in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet. Shares currently ...
Read More About This
Unusual Options Activity: Micron Technology (MU)
Shares of chipmaker
Micron Technology (MU) are down nearly one-third over the last year. One trader sees a further decline ahead for shares in the coming weeks. That’s based on the March 3 $48 puts. With 42 days until expiration, 2,658 contracts traded compared to a prior open interest of 103, for a 26-fold rise in volume on the trade. The buyer of the puts paid $0.52 to make the bearish bet. Shares recently traded for just over $56, so they would need ...
Read More About This
Micron Technology (MU) are down nearly one-third over the last year. One trader sees a further decline ahead for shares in the coming weeks. That’s based on the March 3 $48 puts. With 42 days until expiration, 2,658 contracts traded compared to a prior open interest of 103, for a 26-fold rise in volume on the trade. The buyer of the puts paid $0.52 to make the bearish bet. Shares recently traded for just over $56, so they would need ...
Read More About This
Unusual Options Activity: PulteGroup (PHM)
Shares of residential construction company
PulteGroup (PHM) are down 7 percent over the past year, about half as much as the S&P 500. One trader sees a further drop ahead for shares. That’s based on the April $50 puts. With 91 days until expiration, 8,437 contracts traded compared to a prior open interest of 182, for a 46-fold rise in volume on the trade. The buyer of the puts paid $2.78 to make the downside bet. Shares recently traded for about $51, so ...
Read More About This
PulteGroup (PHM) are down 7 percent over the past year, about half as much as the S&P 500. One trader sees a further drop ahead for shares. That’s based on the April $50 puts. With 91 days until expiration, 8,437 contracts traded compared to a prior open interest of 182, for a 46-fold rise in volume on the trade. The buyer of the puts paid $2.78 to make the downside bet. Shares recently traded for about $51, so ...
Read More About This
Unusual Options Activity: CVS Health Corporation (CVS)
Shares of drugstore and healthcare planning company
CVS Health Corporation (CVS) are down about in-line with the overall market in the past year. One trader sees shares moving higher in the coming month. That’s based on the February $87.50 calls. With 31 days until expiration, 15,089 contracts traded compared to a prior open interest of 360, for a 42-fold rise in volume on the trade. The buyer of the calls paid $3.95 to make the bullish bet. CVS shares trade close to ...
Read More About This
CVS Health Corporation (CVS) are down about in-line with the overall market in the past year. One trader sees shares moving higher in the coming month. That’s based on the February $87.50 calls. With 31 days until expiration, 15,089 contracts traded compared to a prior open interest of 360, for a 42-fold rise in volume on the trade. The buyer of the calls paid $3.95 to make the bullish bet. CVS shares trade close to ...
Read More About This
