Unusual Options Activity

Shares of iron ore producer
Cleveland-Cliffs (CLF) have lost 40 percent of their value in the past year, more than double the drop in the S&P 500. One trader sees a further decline ahead. That’s based on the March 2023 $9 puts. With 137 days until expiration, 6,374 contracts traded compared to a prior open interest of 117, for a 54-fold rise in trading volume. The buyer of the puts paid $0.41 to get in. Shares recently traded near $14, so the ...
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Shares of gold mining operation
AngloGold Ashanti (AU) are down 32 percent in the past year, amid a drop in gold-related stocks overall. One trader sees the potential for a surge higher at some point in the next six months. That’s based on the April 2023 $18 calls. With 175 days until expiration, 2,050 contracts traded compared to a prior open interest of 128, for a 16-fold rise in volume on the trade. The buyer of the calls paid $0.68. Shares recently traded ...
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Shares of software feedback company
Momentive Global (MNTV) are down 70 percent in the past year. One trader sees a move higher in the coming weeks. That’s based on the December 16th $9.00 calls. With 50 days until expiration, 8,228 contracts traded compared to a prior open interest of 103, for an 80-fold rise in volume on the trade. The buyer of the calls paid $0.58 to make the bullish bet. Shares recently traded for about $8, so the stock would need to ...
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Shares of semiconductor test systems company
Aehr Test Systems (AEHR) have declined 2 percent in the past year, as a massive drop gave way to a recovery rally. One trader sees another drop ahead. That’s based on the March 2023 $22.50 puts. With 142 days until expiration, 2,016 contracts traded compared to a prior open interest of 101, for a 20-fold rise in volume on the trade. The buyer of the puts paid $5.35 to make the bearish bet. The stock recently traded ...
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Shares of packaged food company
B&G Foods (BGS) have been cut in half in the past year. One trader sees further downside in the months ahead. That’s based on the January 2023 $12.50 puts. With 87 days until expiration, the options saw a volume of 5,061 contracts, a 42-fold surge in volume from the prior open interest of 121. The buyer of the puts paid $0.85 to get into the trade. Shares recently traded closer to $14.50, so they’d need to fall about ...
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Shares of oil giant
Petroleo Brasiliero (PBR) are up 48 percent in the past year thanks to strong energy prices. One trader sees a further rally in the coming weeks. That’s based on the November 11 $17 calls. With 18 days until expiration, 19,365 contracts traded compared to a prior open interest of 218, for an 89-fold jump in volume on the trade. The buyer of the calls paid $0.66 to get in. Shares recently traded near $15.50, so they’d need to rise ...
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Shares of consumer goods company
Procter & Gamble (PG) moved higher earlier this week on earnings, although the company did warn on the effect of a strong dollar. One trader sees that as bearish. That’s based on the January 2024 $80 puts. With 455 days until expiration, 5,002 contracts traded compared to a prior open interest of 214, for a 35-fold rise in volume on the trade. The buyer of the puts paid $1.78 to make the trade. Shares recently traded near $130, ...
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Shares of oil and gas explorer
Suncor Energy (SU) are up about 35 percent in the past year. One trader sees a short-term drop ahead for the stock. That’s based on the November $25 puts. With 29 days until expiration, 4,271 contracts traded compared to a prior open interest of 114, for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.32 to bet on a decline in shares. The stock recently traded for about $31, so shares ...
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