Unusual Options Activity: Tilray Brands (TLRY)
Shares of cannabis producer
Tilray Brands (TLRY) are down 72 percent in the past year as investors have lost interest in the growing cannabis market. One trader sees the potential for a strong bounce in the months ahead. That’s based on the November $7.00 calls. With 86 days until expiration, 7,536 contracts traded compared to a prior open interest of 121, for a 62-fold rise in volume on the trade. The buyer of the calls paid $0.24. Shares recently traded around $3.50, so ...
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Tilray Brands (TLRY) are down 72 percent in the past year as investors have lost interest in the growing cannabis market. One trader sees the potential for a strong bounce in the months ahead. That’s based on the November $7.00 calls. With 86 days until expiration, 7,536 contracts traded compared to a prior open interest of 121, for a 62-fold rise in volume on the trade. The buyer of the calls paid $0.24. Shares recently traded around $3.50, so ...
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Unusual Options Activity: Conoco Phillips (COP)
Shares of oil and gas major
Conoco Phillips (COP) have nearly doubled over the last year thanks to strong oil and gas prices. One trader sees further upside ahead for the company. That’s based on the September $120 calls. With 24 days until expiration, 12,135 contracts traded compared to a prior open interest of 218, for a 56-fold rise in volume on the trade. The buyer of the calls paid $0.61 to make the bet. Shares recently traded around $105, so they would ...
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Unusual Options Activity: Freeport-McMoRan (FCX)
Shares of commodity producer
Freeport-McMoRan (FCX) have been sliding in recent weeks, on signs of cooling inflation. One trader sees the possibility for a further decline in the coming weeks. That’s based on the September 9th $27 put options. With 18 days until expiration, 2,905 contracts traded compared to a prior open interest of 127, for a 23-fold rise in volume on the trade. The buyer of the puts paid $0.24 to make the bet. Shares recently traded just over $31, so they ...
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Freeport-McMoRan (FCX) have been sliding in recent weeks, on signs of cooling inflation. One trader sees the possibility for a further decline in the coming weeks. That’s based on the September 9th $27 put options. With 18 days until expiration, 2,905 contracts traded compared to a prior open interest of 127, for a 23-fold rise in volume on the trade. The buyer of the puts paid $0.24 to make the bet. Shares recently traded just over $31, so they ...
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Unusual Options Activity: Bank of America (BAC)
Shares of financial giant
Bank of America (BAC) are down 10 percent over the past year. One trader sees the potential for the stock to continue its recent rally into 2023. That’s based on the February $43 calls. With 182 days until expiration, 3,632 contracts traded compared to a prior open interest of 138, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.83 to make the bullish bet. Shares recently traded around $36.50, so the ...
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Bank of America (BAC) are down 10 percent over the past year. One trader sees the potential for the stock to continue its recent rally into 2023. That’s based on the February $43 calls. With 182 days until expiration, 3,632 contracts traded compared to a prior open interest of 138, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.83 to make the bullish bet. Shares recently traded around $36.50, so the ...
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Unusual Options Activity: Carvana (CVNA)
Shares of ecommerce vehicle sales platform
Carvana (CVNA) have lost 85 percent of their value in the past year. One trader is betting that the company will continue to slide lower. That’s based on the October $40 puts. With 64 days until expiration, 20,786 contracts traded compared to a prior open interest of 458, for a 45-fold surge in volume on the option. The buyer of the puts paid $4.05 to make the bet. Shares recently traded for around $55 per share, so ...
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Carvana (CVNA) have lost 85 percent of their value in the past year. One trader is betting that the company will continue to slide lower. That’s based on the October $40 puts. With 64 days until expiration, 20,786 contracts traded compared to a prior open interest of 458, for a 45-fold surge in volume on the option. The buyer of the puts paid $4.05 to make the bet. Shares recently traded for around $55 per share, so ...
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Unusual Options Activity: Uber (UBER)
Shares of ride share company
Uber (UBER) have rebounded strongly off their annual lows in the past few weeks. One trader sees the possibility for some downside ahead. That’s based on the September 23 $27 put. With 37 days until expiration, 4,491 contracts traded compared to a prior open interest of 103, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.44 to bet on a further downside in shares. The stock last traded near $32.50, so ...
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Uber (UBER) have rebounded strongly off their annual lows in the past few weeks. One trader sees the possibility for some downside ahead. That’s based on the September 23 $27 put. With 37 days until expiration, 4,491 contracts traded compared to a prior open interest of 103, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.44 to bet on a further downside in shares. The stock last traded near $32.50, so ...
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Unusual Options Activity: Microsoft (MSFT)
Shares of tech giant
Microsoft (MSFT) have rebounded nicely with the overall stock market in recent weeks. One trader sees the stock trending down next. That’s based on the December $300 put. With 122 days until expiration, 4,011 contracts traded compared to a prior open interest of 116, for a 35-fold rise in volume on the trade. The buyer of the puts paid $21.28 to bet on a drop in shares. Microsoft recently traded for about $292, so shares are already about ...
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Microsoft (MSFT) have rebounded nicely with the overall stock market in recent weeks. One trader sees the stock trending down next. That’s based on the December $300 put. With 122 days until expiration, 4,011 contracts traded compared to a prior open interest of 116, for a 35-fold rise in volume on the trade. The buyer of the puts paid $21.28 to bet on a drop in shares. Microsoft recently traded for about $292, so shares are already about ...
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Unusual Options Activity: Apple (AAPL)
Shares of consumer tech giant
Apple (AAPL) have rebounded strongly in the past few weeks along with the overall market. One trader is betting on a move lower in the coming months. That’s based on the December $170 put. With 123 days until expiration, 35,402 contracts traded compared to a prior open position of 890, for a 40-fold surge in volume on the trade. The buyer of the puts paid $11.33 to make the trade. Shares recently traded around $168, making the option ...
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Apple (AAPL) have rebounded strongly in the past few weeks along with the overall market. One trader is betting on a move lower in the coming months. That’s based on the December $170 put. With 123 days until expiration, 35,402 contracts traded compared to a prior open position of 890, for a 40-fold surge in volume on the trade. The buyer of the puts paid $11.33 to make the trade. Shares recently traded around $168, making the option ...
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