Unusual Options Activity

Shares of investment bank Goldman Sachs (GS) have fared well in the past year thanks to a strong stock market, a rise in investment and IPO activity, and low interest rates. One trader sees the potential for a pullback, however. That’s based on the July $375 puts. Expiring in just over one month, over 5,840 contracts traded against an open interest of 134, for a 44-fold rise in volume. The buyer of the puts paid about $7.63 to make the trade. With ...
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Shares of payments processing company Square (SQ) saw a jump higher on Friday as the company announced more initiatives to integrate traditional finance with the rise of cryptocurrencies. While the move was small, one trader sees a bigger rally ahead. That’s based on the August $280 call. With just over two months until expiration, over 7,700 contracts traded against a prior open interest of 178, for a 43-fold rise in volume. The buyer of the call paid about $3.83 for the contracts ...
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Shares of experimental battery maker QuantumScape (QS) have surged higher in recent sessions. While the move may just be part of a trend of retail investor favorites moving higher, one trader sees the opportunity for shares to jump much higher in the coming weeks. That’s based on the June 25th $40 calls. With 18 days on the clock, over 7,040 contracts traded against an open interest of 329 contracts, for a 21-fold rise in volume. The buyer of the calls paid about ...
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Shares of oil and gas equipment and services company Baker Hughes (BKR) have surged 30 percent higher in the past month. One trader sees that trend continuing over the summer. That’s based on the October $29 calls. With 133 days until expiration, over 6,180 contracts traded against a prior open interest of 104, for a 59-fold jump in volume. The buyer of the calls paid about $1.45 to make the trade. Shares have recently broken through to new highs, exceeding the prior ...
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Shares of utility company NRG Energy (NRG) have been in a sharp drop since early March. One trader sees the potential for a partial rebound in the coming weeks. That’s based on the July $35 calls. Over 6,900 of the contracts traded against a prior open interest of 218, for a 32-fold rise in volume on the trade. The buyer of the calls paid $0.85. Shares of the company have recently pulled back to six-month lows, and the price is down nearly ...
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Shares of megabank Citigroup (C) have nearly rallied back to their pre-pandemic peak in recent months. However, one trader sees the potential for a big decline in shares at some point in the next year and a half. That’s based on the January 2023 $80 puts. With nearly 600 days until expiration, over 5,300 contracts traded against an open interest of 118, for a 45-fold surge in volume. The buyer of the puts paid about $12.90. The $80 strike price is slightly ...
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Shares of ticket selling company Live Nation Entertainment (LYV) spiked higher following the vaccine rollout, pulled back, and have now moved back to their old highs. One trader sees shares breaking through to new highs in the second half of the year. That’s based on the January 2022 $95 calls. With over six months until expiration, 5,326 contracts traded against a prior open interest of 161, for a 33-fold rise in volume. The buyer of the option paid about $8.60 to make ...
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Shares of movie theater chain AMC Entertainment Company (AMC) are leading a new potential retail short squeeze higher. Naturally, that’s caused some traders to expect the company to crater down in the coming days, weeks or months. With a number of put options on the company leading unusual option activity by volume, the August $18 puts are the most interesting for a potential post-squeeze drop. With 81 days until expiration, over 12,740 contracts traded compared to a prior open interest of 161, ...
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