Unusual Options Activity: Paramount Global (PARA)
Shares of media conglomerate
Paramount Global (PARA) have struggled in the past year, with a 37 percent drop in shares. One trader sees a further decline ahead. That’s based on the February 2023 $20 put. With 65 days until expiration, 12,703 contracts traded compared to a prior open interest of 274, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet. The stock recently traded just under $20, making this an at-the-money ...
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Paramount Global (PARA) have struggled in the past year, with a 37 percent drop in shares. One trader sees a further decline ahead. That’s based on the February 2023 $20 put. With 65 days until expiration, 12,703 contracts traded compared to a prior open interest of 274, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bearish bet. The stock recently traded just under $20, making this an at-the-money ...
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Unusual Options Activity: Microsoft (MSFT)
Shares of tech giant
Microsoft (MSFT) have underperformed the market this year, with a 27 percent drop. One trader sees a rebound in the next month. That’s based on the January $265 calls. With 31 days until expiration, 4,094 contracts traded compared to a prior open interest of 191, for a 21-fold rise in volume on the trade. The buyer of the calls paid $2.93 to get in. Shares recently went for about $246, so they would need to rise about $19, ...
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Microsoft (MSFT) have underperformed the market this year, with a 27 percent drop. One trader sees a rebound in the next month. That’s based on the January $265 calls. With 31 days until expiration, 4,094 contracts traded compared to a prior open interest of 191, for a 21-fold rise in volume on the trade. The buyer of the calls paid $2.93 to get in. Shares recently went for about $246, so they would need to rise about $19, ...
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Unusual Options Activity: Roblox (RBLX)
Shares of 3D world-building company
Roblox (RBLX) are down about 75 percent in the past year. One trader sees a further decline in the coming weeks. That’s based on the January 13th $30 puts. With 32 days until expiration, 5,037 contracts traded compared to a prior interest of 238, for a 21-fold rise in volume on the trade. The buyer of the puts paid $2.19 to make the downside bet. Shares recently traded for about $32, so the stock would need to drop ...
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Roblox (RBLX) are down about 75 percent in the past year. One trader sees a further decline in the coming weeks. That’s based on the January 13th $30 puts. With 32 days until expiration, 5,037 contracts traded compared to a prior interest of 238, for a 21-fold rise in volume on the trade. The buyer of the puts paid $2.19 to make the downside bet. Shares recently traded for about $32, so the stock would need to drop ...
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Unusual Options Activity: Bank of America (BAC)
Shares of money center
Bank of America (BAC) are down about 25 percent in the past year, underperforming the S&P 500 by about 9 points. One trader sees a rebound in the first half of 2023. That’s based on the June $49 calls. With 188 days until expiration, 3,021 contracts traded compared to a prior open interest of 147, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.11 to make the bullish bet. The stock recently ...
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Bank of America (BAC) are down about 25 percent in the past year, underperforming the S&P 500 by about 9 points. One trader sees a rebound in the first half of 2023. That’s based on the June $49 calls. With 188 days until expiration, 3,021 contracts traded compared to a prior open interest of 147, for a 21-fold rise in volume on the trade. The buyer of the calls paid $0.11 to make the bullish bet. The stock recently ...
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Unusual Options Activity: iQIYI (IQ)
Shares of Chinese entertainment company
iQIYI (IQ) are down over 40 percent in the past year. One trader sees rebound ahead for shares. That’s based on the June 2023 $3.50 calls. With 189 days until expiration, 15,088 contracts traded compared to a prior open interest of 204, for a 74-fold rise in volume on the trade. The buyer of the calls paid $0.89 to make the bullish bet. Shares recently traded just near $3.50, making this an at-the-money trade. The stock has Read More About This
iQIYI (IQ) are down over 40 percent in the past year. One trader sees rebound ahead for shares. That’s based on the June 2023 $3.50 calls. With 189 days until expiration, 15,088 contracts traded compared to a prior open interest of 204, for a 74-fold rise in volume on the trade. The buyer of the calls paid $0.89 to make the bullish bet. Shares recently traded just near $3.50, making this an at-the-money trade. The stock has Read More About This
Unusual Options Activity: Peabody Energy Corporation (BTU)
Shares of coal producer
Peabody Energy Corporation (BTU) are up 227 percent over the past year amid a strong energy market. One trader sees a further year-end rally for the stock. That’s based on the December 30 $32 call. With 23 days until expiration, 4,043 contracts traded compared to a prior open interest of 128, for a 32-fold rise in volume on the trade. The buyer of the calls paid $1.10 to make the bet. The stock recently traded for just under $30, ...
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Peabody Energy Corporation (BTU) are up 227 percent over the past year amid a strong energy market. One trader sees a further year-end rally for the stock. That’s based on the December 30 $32 call. With 23 days until expiration, 4,043 contracts traded compared to a prior open interest of 128, for a 32-fold rise in volume on the trade. The buyer of the calls paid $1.10 to make the bet. The stock recently traded for just under $30, ...
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Unusual Options Activity: AT&T (T)
Shares of telecom company
AT&T (T) are up about 8 percent over the past year, thanks in part to a strong rally over the past few weeks. One trader sees a pullback in shares in the month ahead. That’s based on the January 2023 $19 put. With 31 days until expiration, 9,297 contracts traded compared to a prior open interest of 250, for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.41. Shares recently traded right around ...
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AT&T (T) are up about 8 percent over the past year, thanks in part to a strong rally over the past few weeks. One trader sees a pullback in shares in the month ahead. That’s based on the January 2023 $19 put. With 31 days until expiration, 9,297 contracts traded compared to a prior open interest of 250, for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.41. Shares recently traded right around ...
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Unusual Options Activity: AGNC Investment Corp (AGNC)
Shares of mortgage REIT
AGNC Investment Corp (AGNC) have slid 35 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the June 2023 $7.00 put. With 192 days until expiration, 32,159 contracts traded compared to a prior open interest of 358, for a 90-fold rise in volume on the trade. The buyer of the puts paid $0.26 to make the bet. AGNC stock recently traded near $10, so the stock would need to fall ...
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AGNC Investment Corp (AGNC) have slid 35 percent over the past year. One trader sees a further decline in the months ahead. That’s based on the June 2023 $7.00 put. With 192 days until expiration, 32,159 contracts traded compared to a prior open interest of 358, for a 90-fold rise in volume on the trade. The buyer of the puts paid $0.26 to make the bet. AGNC stock recently traded near $10, so the stock would need to fall ...
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