Unusual Options Activity

Shares of gold mining firm Newmont Mining (NEM) have been range-bound over the past few months. One trader sees the company moving back down to the lower end of its range in the next few weeks. That’s based on the February $52.50 put. With 56 days until expiration, 6,930 contracts traded against a prior open interest of 295, for a 23-fold rise in volume. The buyer of the puts paid $0.88 to make the trade. Overall, shares are down about 2 percent ...
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Shares of cryptocurrency mining company Riot Blockchain (RIOT) have been sliding along with the price of Bitcoin the past few months. However, one trader sees shares moving far higher in the next year. That’s based on the January 2023 $85 call. With 393 days until expiration, 3,845 contracts traded compared to a prior open interest of 197, for a 20-fold rise in volume. The buyer of the calls paid $3.45 to make the trade. Shares last traded near $22.50. The $85 strike ...
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Shares of bank Wells Fargo (WFC) have been trending sideways for the past several months, with a few mild drops followed by a gradual recovery. One trader sees the possibility for a big drop in the next two years. That’s based on the January 2024 $27.50 puts. With 760 days on the clock until expiration, 5,001 contracts traded against a prior open interest of 138, for a 36-fold jump in volume. The buyer of the calls paid $1.51 to make the ...
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Shares of retailer Walmart (WMT) have been rangebound over the past month as concerns over the economy have weighed on what’s usually a great time seasonally for retailers. One trader sees the possibility for a move higher in the coming weeks. That’s based on the January $140 calls. With 24 days left until expiration, over 7,019 contracts traded compared to an open interest of 155, for a 45-fold surge in volume. The buyer of the calls paid $3.80 to make the ...
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Shares of payments company Block (SQ), formerly Square, have been in a major drop over the past few weeks. One trader sees the possibility of a rebound in the next few months. That’s based on the March $185 calls. With 87 days left on the trade, 10,250 calls traded compared to a prior open interest of 417, for a 25-fold rise in volume. The buyer of the calls paid $10.48 to make the trade. With shares last trading near $165, they would ...
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Shares of communications firm AT&T (T) have been in a downtrend for most of the year. However, one trader sees the possibility for a short-term rebound in shares. That’s based on the January 28th $22 call options. With 42 days until expiration, 5,207 contracts traded against a prior open interest of 253, for a 21-fold rise in volume. The buyer of the calls paid $0.77 to make the trade. The company has shed 25 percent over the past year as management has ...
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Shares of solar company Sunnova Energy International (NOVA) are down over 50 percent from their recent peak. However, one trader sees the possibility for a strong rebound in the coming months. That’s based on the April $35 calls. With 118 days until expiration, over 15,000 contracts traded hands, a 90-fold surge in volume from the prior open interest of 155. The buyer of the calls paid $2.63 to make the trade. The Houston-based solar company saw shares surge to a high of ...
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Shares of casino operator MGM Resorts International (MGM) have slid lower in the past month on the latest Covid fears. One trader is betting those fears are overblown and shares will trend higher in the next month. That’s based on the January $44 calls. With 37 days until expiration, 11,275 contracts traded against a prior open interest of 186, for a 61-fold rise in volume. The buyer of the calls paid $0.89 to make the trade. Shares last traded around $40, so ...
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