Unusual Options Activity

Shares of gold producer
Agnico Eagle Mines (AEM) have been volatile with gold prices in the past year. They’re now down 20 percent. And one trader sees the potential for a further decline in the coming weeks. That’s based on the October $35 puts. With 36 days until expiration, 4,011 contracts traded compared to a prior open interest of 250, for a 16-fold rise in volume on the trade. The buyer of the puts paid $3.50 to get in. Shares recently traded ...
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Shares of beverage giant
Coca-Cola (KO) have handily beaten the bear market of 2022 with an 11 percent gain in the past year. One trader sees the stock giving back some of that outperformance in the months ahead. That’s based on the December $47.50 put. With 93 days until expiration, 6,800 contracts traded compared to a prior open interest of 216, for a 31-fold rise in volume on the trade. The buyer of the puts paid $0.23 to make the bet. The stock ...
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Shares of fast-food giant
The Wendy’s Company (WEN) have performed about in-line with the stock market over the past year. One trader sees shares bucking that trend with a move higher in the coming weeks. That’s based on the November $20 calls. With 66 days until expiration, 62,762 contracts traded compared to a prior open interest of 904, for a 39-fold jump in volume on the trade. The buyer of the calls paid $1.63 to get into the trade. Shares recently traded around ...
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Shares of oil and gas giant
Petroleo Brasileiro (PBR) are up 38 percent in the past year thanks to strong global energy prices. One trader sees a decline in the coming weeks. That’s based on the September 30 $12.50 puts. With 18 days until expiration, 29,427 contracts traded compared to a prior open interest of 199, for a staggering 148-fold rise in volume on the trade. The buyer of the puts paid $0.29. Shares recently traded just over $13.50, so they would need ...
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Shares of biotechnology company
Altimmune (ALT) are up 28 percent over the past year, but are also up nearly four-fold from their 52-week lows. One trader sees shares giving back some of their recent gains. That’s based on the October $13 put. With 42 days until expiration, 6,077 contracts traded compared to a prior open interest of 104, for a 58-fold surge in volume. The buyer of the puts paid $1.70 to get into the trade. The stock recently traded around $20, ...
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Shares of semiconductor company
Texas Instruments (TXN) are down about 14 percent in the past year, about in-line with the overall stock market. One trader sees a further decline in the weeks ahead. That’s based on the November $160 puts. With 71 days until expiration, 5,075 contracts traded compared to a prior open interest of 113, for a 45-fold surge in volume on the trade. The buyer of the puts paid $8.60 to get into the trade. Shares recently traded for about $163, ...
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Shares of uranium producer
Cameco (CCJ) have risen 26 percent in the past year, on renewed interest in nuclear power and rising uranium prices. One trader sees that trend continuing through the end of the year. That’s based on the December $37 calls. With 100 days until expiration, 22,667 contracts traded compared to a prior open interest of 101, for a 224-fold explosion higher in volume. The buyer of the calls paid $1.40 to make the trade. Shares recently traded for about $29, ...
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Shares of biotech play
CTI BioPharma Corp (CTIC) have soared over 100 percent in the past year. One trader sees shares giving up some of those gains in the weeks ahead. That’s based on the October $6.00 put options. With 45 days until expiration, 8,012 contracts traded compared to a prior open interest of 109, for a 74-fold jump in volume on the trade. The buyer of the puts paid $1.03 to make the downside bet. The stock recently traded for about $6.50, ...
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