Unusual Options Activity: Corning Incorporated (GLW)
Bet on further move higher in shares through February. Nearly 20,000 contracts traded on the February 21st, 2020 $30 call options in Corning Incorporated (GLW). Against a prior open interest of about 1,550 contracts, it’s a 13-fold jump in volume. With shares trading around $28.80, the option is about 4.1 percent out-of-the-money. Given how shares are trading near the bottom end of their range, a move higher in-the-money in the coming weeks is possible. At a cost under $1.00, each contract cost the ...
Read More About This
Read More About This
Unusual Options Activity: Seaspan Corporation (SSW)
Bet on continued rally though May, 2020. Nearly 4,000 contracts traded on the May 2020 $15 call options on Seaspan Corporation (SSW). Compared to the prior open interest of 553 contracts, it’s a seven-fold surge in volume. Shares trade in the low $13 range, meaning they need to move $2 higher, or about 15 percent, before expiration in May to close in-the-money. The option price of around $0.50, or $50 per contract, means the buyer starts to make money if shares hit $15.50. Seaspan ...
Read More About This
Read More About This
Unusual Options Activity: Nordstrom (JWN)
Long-dated, in-the-money put trade suggests downside ahead. Over 1,100 contracts traded on the Nordstrom (JWN) April 2020 $40 put option, showing about a 7-fold increase over the prior open interest of 176 contracts. Given the $40 strike and shares trading around $38, the option is already about $2.00 in-the-money, and should move higher dollar-for-dollar with shares if they decline, less any loss in time premium. As the option trades around $5 per contract, it will make money for the buyer at expiration if ...
Read More About This
Read More About This
One News Event that Could Signal a Market Top
Sure, it seems like this stock market can continue to gradually move higher indefinitely. But investors looking for warning signs have gotten a big one in recent weeks. It’s a sign that’s popped up before in the markets that has signaled some poor performance ahead. Trading Tips’ Andrew Packer explains in our latest video ...
Read More About This
Read More About This
Unusual Options Activity: JetBlue (JBLU)
Bet on further rally this month. The December 20th $20 call options on JetBlue (JBLU) saw over 31,665 contracts trade hands, a 19-fold rise over the prior open interest near 1,700 contracts. The bet, expiring in 15 days, will be in-the-money if shares can rise another $1.00 from their current price near $19.00. The buyer paid $0.25, or $25 per contract, so any move higher in JetBlue shares could lead to a big percentage return in the next few days, even if shares ...
Read More About This
Read More About This
Unusual Options Activity: Vicor Corporation (VICR)
Bet on shares rallying through January. The January 17th, 2020 $45 call options on Vicor Corporation (VICR) saw over 1,100 contracts trade hands against a prior open interest of just over 100, for a 10-fold rise in volume. In order for the option to move in-the-money in the next 44 days before expiration, shares of the company will need to rally about $4 per share from their current price near $41, about a 10 percent increase. Vicor, a manufacturer of modular power ...
Read More About This
Read More About This
Unusual Options Activity: Amgen (AMGN)
Bet on shares moving 20 percent higher by late January. The January 17th 2020 $280 call options on Amgen (AMGN) saw a 21-fold increase in volume with over 3,100 contracts trading hands. Shares of the company would need to rally about 19 percent from their current price near $234 for this out-of-the-money call to expire with any value. The option buyer paid around $0.10, or just $10 per contract, so it’s a cheap bet on shares moving higher in the next few ...
Read More About This
Read More About This
Unusual Options Activity: Peloton Interactive (PTON)
Call buying indicates further rally this month. With 18 days until expiration, the December 20th $36 call options on Peloton Interactive (PTON) saw a 20-fold rise in volume, from 127 open contracts to over 2,600. As shares surged last week to $35, the option is merely $1 out-of-the-money, and a further rally could move it in-the-money. However, at a price over $2.15 per option, the option buyer needs to see shares rise to over $38 to make money at expiration. Peloton, a maker of ...
Read More About This
Read More About This