Unusual Options Activity

Shares of travel services company
Sabre Corporation (SABR) have shed about one-third of their price over the past year. One trader sees shares trending lower in the first half of this year. That’s based on the July $7.00 put. With 184 days until expiration, 42,714 contracts traded compared to a prior open interest of 110, for a 388-fold jump in volume on the trade. The buyer of the puts paid $1.22 to make the bearish bet. Shares last traded for just under $7, ...
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Shares of consumer goods company
Colgate-Palmolive Company (CL) lost 7 percent over the past year, declining about half as much as the S&P 500. One trader sees a further decline in the months ahead. That’s based on the May $62.50 puts. With 122 days until expiration, 8,317 contracts traded compared to a prior open interest of 257, for a 32-fold rise in volume on the trade. The buyer of the puts paid $0.33 to make the bearish bet. Shares recently traded close to ...
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Shares of cryptocurrency miner
Riot Blockchain (RIOT) have lost nearly three-quarters of their value in the past year, but have risen in recent sessions as cryptos have trended higher. One trader sees shares moving lower in the next month. That’s based on the February $5 puts. With 35 days until expiration, 10,021 contracts traded compared to a prior open interest of 195, for a 51-fold rise in volume on the trade. The buyer of the puts paid $1.15. Shares recently traded just under ...
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Shares of natural gas producer
Chesapeake Energy (CHK) are up 27 percent in the past year amid a strong energy market. One trader sees a further rally in shares in 2023. That’s based on the January 2024 $100 calls. With 372 days until expiration, 6,499 contracts traded compared to a prior open interest of 229, for a 28-fold rise in volume on the trade. The buyer of the calls paid $9.70 to make the bullish bet. Shares recently traded around $88, so they ...
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Shares of defense contractor
Lockheed Martin (LMT) are up about 30 percent over the past year as traders have moved into defensive stocks. One trader sees a pullback in shares in the coming weeks. That’s based on the March $410 puts. With 64 days until expiration, 5,029 contracts traded compared to a prior open interest of 160, for a 31-fold rise in volume on the trade. The buyer of the puts paid $4.90 to make the bearish bet. Shares recently traded for about ...
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Shares of graphics processing unit manufacturer
Nvidia (NVDA) have lost nearly half their value in the past year. One trader sees a further decline in the weeks ahead. That’s based on the February 3 $150 put. With 24 days until expiration, 7,958 contracts traded compared to a prior open interest of 327, for a 24-fold rise in volume on the trade. The buyer of the puts paid $8.75. Shares recently traded for about $150, making this an at-the-money trade. The stock is off ...
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Shares oil and gas exploration company
Diamondback Energy (FANG) are up about 5 percent over the last year, significantly lagging others in the energy space. One trader sees a decline for the stock in the weeks ahead. That’s based on the March $135 puts. With 66 days until expiration, 7,643 contracts traded compared to a prior open interest of 110, for a 70-fold rise in volume on the trade. The buyer of the puts paid $10.30 to make the trade. Shares recently traded ...
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Shares of healthcare product producer
Bausch Health Companies (BHC) have lost three quarters of their value in the past year. One trader sees a rebound in the weeks ahead. That’s based on the February $8 calls. With 42 days until expiration, 26,688 contracts traded compared to a prior open interest of 665, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.37 to make the bullish bet. Shares recently traded just under $7, so the stock would ...
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