Unusual Options Activity

Shares of Peloton Interactive (PTON) dropped on Tuesday following news of a voluntary recall for the company’s treadmill products. At least one trader sees a recovery in shares in the upcoming months. That’s based on the September $95 calls. Over 6,270 contracts traded against an open interest of 101, for a 62-fold rise in volume. The option has 133 days until expiration. The buyer of the calls paid about $8.50 to make the trade. Shares slid double-digits to under $83 on the ...
Read More

Shares of Delta Air Lines (DAL) have been trading in a range between $44 and $52 over the past few months. One trader sees the potential for a move higher as the economy continues to reopen. That’s based on the August $48 calls. With 106 days until expiration, over 10,255 contracts traded, a 39-fold rise in volume from the prior open interest of 264. The buyer of the option paid about $2.27 to make the trade. With shares of Delta near $45, ...
Read More

Shares of plant-based protein alternative Beyond Meat (BYND) have been in a downtrend. At least one trader sees the company turning around as it reports earnings later this week. That’s based on the May 14th $150 call options. With 9 days until expiration, over 2,840 contracts traded against a prior open interest of 108, for a 26-fold rise in volume. The buyer of the option paid about $0.86 to make the trade. Shares of the company trade around $126. In order for ...
Read More

Shares of casino giant Las Vegas Sands (LVS) have largely traded in a range from the high $50s to the mid $60s in the past few months. One trader sees shares moving to the higher end of their range (or better) in the coming month. That’s based on the June 4th $63 calls. Over 29,360 contracts traded against a prior open interest of 318, for a 92-fold jump in volume. The option expires in just over 1 month. The buyer of the ...
Read More

Shares of cybersecurity company FireEye (FEYE) had a slight selloff following their earnings last week. One trader is betting on a rebound in the coming weeks. That’s based on the May 21st $19 calls. Expiring in 18 days, over 8,396 contracts traded hands compared to the prior open interest of 195, for a 43-fold rise in volume. The buyer of the calls paid about $1.54 on average. With shares around $20, the $19 calls are already $1.00 in-the-money. They should move higher ...
Read More

Credit card processing company Visa (V) hit an all-time high following a strong earnings report. One trader sees the trend continuing in the next few months. That’s based on the August $240 calls. With 112 days until expiration, over 15,890 contracts traded against a prior open interest of 593, for a 27-fold surge in volume. With shares near $234, the options will move in-the-money on another 2.5 percent move higher in shares. The trader of the option paid about $8.85 to make ...
Read More

Computing giant HP Inc (HPQ) has seen its shares move steadily higher over the past few months, with only minimal pullbacks along the way. One trader is betting the trend will continue. That’s based on the September $38 calls. Expiring in 141 days, over 3,140 contracts traded against an open interest of 141, for a 22-fold rise in volume. The buyer paid about $1.30 to get into the trade. With a current share price near $34.50, shares would need to rally about ...
Read More

Shares of megabank Bank of America (BAC) have not only recovered from the drop last year, but have moved to new highs. One trader sees that trend continuing strong in the next month. That’s based on the May 28th $41 calls. Expiring in 30 days, over 12,350 contracts traded against a prior open interest of 580, for a 21-fold rise in volume. The trader paid about $0.60 to make the trade. With shares around $39.50, the option will move in-the-money on a ...
Read More