Unusual Options Activity

Shares of credit service provider
Capital One Financial (COF) are down about 40 percent in the past year. One trader sees further downside in the coming weeks. That’s based on the October 28 $90 puts. With 21 days until expiration, 20,715 contracts traded compared to a prior open interest of 395, for a 52-fold rise in volume on the trade. The buyer of the puts paid $1.70 to bet on a further drop in shares. The stock recently traded for about $99 ...
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Shares of electric car manufacturer
Tesla Motors (TSLA) are down about 40 percent from their highs of last year. One trader sees shares rebounding in the next 11 months. That’s based on the September 2023 $360 calls. With 344 days until expiration, 8,553 contracts traded compared to a prior open interest of 506, for a 17-fold rise in volume on the trade. The buyer of the calls paid $26.42 to make the bet. Shares last traded for just under $250 per share, so ...
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Shares of payment processing company
Block (SQ) are down 75 percent from last year’s peak. One trader is betting on an oversold bounce higher for the stock from here. That’s based on the November $55 calls. With 44 days until expiration, 7,752 contracts traded compared to a prior open interest of 193, for a 40-fold rise in volume on the trade. The buyer of the calls paid $7.13 to make the bullish bet. The stock last traded for about $62 so the option ...
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Shares of
United Airlines Holdings (UAL) have declined 36 percent in the past year amid a dropping market and higher energy costs. One trader sees further downside ahead. That’s based on the January 2025 $20 puts. With 836 days until expiration, 16,154 contracts traded compared to a prior open interest of 171, for a 94-fold rise in volume on the trade. The buyer of the puts paid $3.11 to make the bearish bet. Shares of the airliner recently went for about $33, ...
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Shares of
Carnival Corporation (CCL) have lost 60 percent of their value in the past year. One trader sees the potential for a further decline in the coming weeks. That’s based on the November $9 put. With 46 days until expiration, 5,155 contracts traded compared to a prior open interest of 127, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.11 to make the downside bet on the company. Shares recently traded right around $7.50, making ...
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Shares of
The Coca-Cola Company (KO) are up about 6 percent in the past year, far outperforming the drop in the S&P 500. One trader sees shares continuing to rally in the coming weeks. That’s based on the October 21 $55 calls. With 21 days until expiration, 2,804 contracts traded compared to a prior open interest of 104, for a 27-fold rise in volume on the trade. The buyer of the calls paid $2.88 to get into the trade. Shares recently traded for ...
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Shares of
Bank of America (BAC) are down 28 percent in the last year as lending activity has slowed amid a rise in interest rates. One trader sees a further decline over the next two years. That’s base on the January 2025 $32 puts. With 841 days until expiration, 15,002 contracts traded compared to a prior open interest of 935, for a 16-fold rise in volume on the trade. The buyer of the puts paid $6.03 to make the bet. Bank of ...
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Shares of
Yamana Gold (AUY) are up 2 percent over the past year, even as gold prices have slid to a two-year low. One trader sees a potential for shares to trend even higher in the coming weeks. That’s based on the November $4.50 calls. With 51 days until expiration, 4,495 contracts traded compared to a prior open interest of 111, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.16 to make the bet. Shares Read More About This