Unusual Options Activity

Shares of telecom giant AT&T (T) dropped from 52-week highs earlier in the year as the company announced it would sell off its media assets to refocus on being a telecom company. One trader is betting that shares will trend back up. That’s based on the December $30 calls. With 128 days until expiration, over 25,340 contracts traded against an open interest of 222 for a 114-fold jump in volume. The buyer of the calls paid about $0.38 to make the ...
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Shares of IT connectivity platform LiveRamp Holdings (RAMP) has seen shares taken a major dive over the past few months, although the company jumped 22 percent higher on Friday thanks to stronger-than-expected earnings. One trader sees a lot of volatility ahead, with the chance for shares to resume their longer-term downtrend. That’s based on the December $45 puts. With 129 days until expiration, over 3,740 contracts traded against a prior open interest of 102, for a 37-fold rise in volume. The buyer ...
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Shares of oil and gas equipment company NOV (NOV) have been generally heading higher over the past year, with a number of healthy pullbacks along the way. However, one trader sees the possibility for another move higher in the next few months. That’s based on the November $14 calls. With 102 days until expiration, over 10,450 contracts traded against an open interest of 148, for a 71-fold rise in volume. The buyer of the calls paid about $1.13 to make the ...
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Shares of gambling and gaming company International Game Technology (IGT) have been trending down over the past few weeks as the threat of further economic lockdowns has risen. However, one trader sees the possibility for a rally higher. That’s based on the January $27 calls. With 168 days until expiration, over 10,055 contracts traded against a prior open interest of 101, a 99.5-fold jump in volume. The buyer of the calls paid about $0.48. Shares last traded around $18, so they’d need ...
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Shares of credit card giant MasterCard (MA) have been heading gradually higher over the past few months, but recently slumped following lackluster earnings. One trader sees a rebound in shares in the coming months. That’s based on the November $375 calls. With 106 days until expiration, over 9,140 contracts traded against a prior open interest of 173, for a 53-fold rise in volume. The buyer of the calls paid about $10.50 to make the trade. With shares recently down to around $368, ...
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Shares of Korean ecommerce site Coupang (CPNG) have been trending down since going public, having lost about 25 percent of their IPO price. One trader sees that turning around in the months ahead. That’s based on the January $55 calls. With 170 days until expiration, over 12,530 contracts traded against a prior open interest of 443, for a 28-fold jump in volume. The buyer o the calls paid about $1.30 to make the trade. Shares have traded as high as $69 in ...
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Shares of Delta Air Lines (DAL) have been trending down since April, and have seen some big drops on some days depending on Covid variant fears. One trader sees the trend reversing in the coming weeks. That’s based on the November $43 calls. With 108 days until expiration, over 10,025 contracts traded against a prior open interest of 324 for a 39-fold rise in volume. The buyer of the call options paid about $2.17 to make the trade. Shares of the airline ...
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Shares of energy giant ExxonMobil (XOM) have traded about in line with the energy sector in the past few months. First, shares saw a huge rise on rising oil prices, then were hit in recent weeks on the latest OPEC news. One trader sees the starting recovery in shares to continue. That’s based on the August $64 calls. Expiring in 18 days, over 18,720 contracts traded against an open interest of 143, for a 131-fold explosion in volume. The buyer of the ...
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