Unusual Options Activity

Shares of oil exploration and production company
Ovintiv (OVV) are up 87 percent over the past year thanks to a strong energy market. One trader sees the possibility for a short-term drop in the coming weeks. That’s based on the October $45 puts. With 46 days until expiration, 12,906 contracts traded compared to a prior open interest of 299, for a 43-fold rise in volume on the trade. The buyer of the puts paid $2.43 to make the downside bet. The stock recently ...
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Shares of logistics and trading company
Ryder System (R) have broken even over the past year amid a more tumultuous return for the S&P 500 index. One trader sees that outperformance continuing with a further rally in the coming weeks. That’s based on the November $80 calls. With 79 days until expiration, 5,032 contracts traded compared to a prior open interest of 110, for a 45-fold rise in volume on the trade. The buyer of the calls paid $3.65. With shares recently going ...
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Shares of social media company
Twitter (TWTR) are down 38 percent in the past year, amid heavy volatility over the potential takeover of the company. One trader sees shares declining in the coming weeks. That’s based on the November $34 puts. With 78 days until expiration, 4,249 contracts traded compared to a prior open interest of 213, for a 20-fold rise in volume on the trade. The buyer of the puts paid $3.70 to make the downside bet. Shares recently went for ...
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Shares of pharmaceutical and medical supply company
Abbott Laboratories (ABT) have lost about 20 percent of their value in the past year. One trader sees a further drop in shares ahead. That’s based on the November $75 put options. With 79 days until expiration, 10,841 contracts traded compared to a prior open interest of 350, for a 31-fold rise in volume on the trade. The buyer of the puts paid $0.24. Shares recently traded for $102, so they would need to lose more ...
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Shares of gold exploration and production company
Alamos Gold Inc (AGI) are trading flat over the past year. One trader sees the potential for a big drop in the coming weeks. That’s based on the October 21 $7.50 puts. With 52 days until expiration, 5,257 contracts traded compared to a prior open interest of 187, for a 28-fold rise in volume on the trade. The buyer of the puts paid $0.53 to make the bet. The stock last traded at $7.60, making the ...
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Shares of oil giant
Petroleo Brasileiro (PBR) are up 36 percent in the past year thanks to strong energy prices. One trader sees the possibility of a pullback in the coming weeks. That’s based on the October 21st $14 put option. With 53 days until expiration, 150,545 contracts traded compared to a prior open interest of 4,570, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.16. The stock recently traded for about $14.60, so shares would ...
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Beverage and snack company
PepsiCo (PEP) are one of the few companies to be trading near 52-week highs in today’s market. One trader sees the stock declining in the weeks ahead. That’s based on the October $120 put. With 56 days until expiration, 10,953 contracts traded compared to a prior open interest of 157, for a 70-fold rise in volume on the trade. The buyer of the puts paid $0.13 to bet on a move lower. Share recently traded for about $180, so ...
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Shares of oil and gas exploration company
Ring Energy (REI) have lagged its peers, with just a 30 percent gain in the past year. One trader sees the company narrowing that gap with a move higher. That’s based on the December $5.50 calls. With 113 days until expiration, 10,126 contracts traded compared to a prior open interest of 225, for a 45-fold surge in volume on the trade. The buyer of the calls paid $0.13 to make the trade. Shares recently traded close ...
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