Unusual Options Activity

Shares of cryptocurrency brokerage firm
Coinbase (COIN) rallied after reporting dismal earnings, as the overall market surged higher on a lower-than-expected CPI report. One trader is betting the shares will decline from here. That’s based on the November $90 put options. With 98 days until expiration, 2,817 contracts traded compared to a prior open interest of 134, for a 21-fold rise in volume on the trade. The buyer of the puts paid $18.48 to make the trade. Shares recently traded for about $85, ...
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Shares of portable storage company
WillScot Mobile Mini Holdings Corp (WSC) are up nearly 47 percent in the past year. One trader sees a pullback ahead in the coming weeks. That’s based on the September $35 puts. With 36 days until expiration, 3,082 contracts traded compared to a prior open interest of 104, for a 30-fold increase in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. The stock last traded around $41, so it would ...
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Shares of discount retailer
Big Lots Inc (BIG) have been trending down over the past year. One trader sees shares bucking that trend in the next month with a move higher. That’s based on the September $25 calls. With 37 days until expiration, 6,856 contracts traded compared to a prior open interest of 140, for a 49-fold rise in volume on the trade. The buyer of the calls paid $1.80 for the trade. The stock recently traded for just under $24, so the ...
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Shares of theater chain
AMC Entertainment Holdings (AMC) have been on a volatile ride in the past year, but the stock is down about 30 percent. One trader sees the possibility for a further drop in the months ahead. That’s based on the October $25 put option. With 73 days left until expiration, 4,829 contracts traded compared to a prior open interest of 147, for a 33-fold rise in volume on the trade. The buyer of the puts paid $7.30 to get ...
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Shares of medical devices company
Pacific Biosciences of California (PACB) have lost about 85 percent of their value in the past year. One trader sees further downside going into the end of the year. That’s based on the January 2023 $5 puts. With 165 days until expiration, 6,463 contracts traded compared to a prior open interest of 170, for a 38-fold rise in volume on the trade. The buyer of the puts paid $1.05 to make the bearish bet. The stock recently traded ...
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Shares of data streaming company
Confluent (CFLT) have lost just over one-third of their value in the past year. One trader is betting that the trend will continue in the coming months. That’s based on the October $22.50 puts. With 77 days until expiration, 10,162 contracts traded compared to a prior open interest of 293, for a 35-fold rise in volume on the trade. The buyer of the puts paid $2.05 to make the bet. Shares recently traded closer to $31. The stock ...
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Shares of mortgage REIT
Arbor Realty Trust (ABR) have shed about 7 percent of their value in the past year. One trader sees the potential for shares to drop even further. That’s based on the January 2024 $10 puts. With 533 days until expiration, 7,631 contracts traded compared to a prior open interest of 129, for a 59-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Shares recently traded around $15, so they ...
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Shares of British-based international bank
Barclays PLC (BCS) have shed about 20 percent in the past year, as fears of a global recession have been on the rise. One trader sees the possibility for a rebound by next spring. That’s based on the March $9 calls. With 226 days until expiration, 4,023 contracts traded compared to a prior open interest of 100, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.53 to make the bet. Shares ...
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