Unusual Options Activity

Oil and gas exploration and production giant BP (BP) has traded down 24% over the past year, as energy prices have remained lackluster. One trader sees shares trending higher by the end of the month. That’s based on the May 30 $31 calls. With 17 days until expiration, 27,223 contracts traded compared to a prior open interest of 237, for a 115-fold rise in volume on the trade. The buyer of the calls paid $0.38 to make the bullish bet. BP shares ...
Read More About This

Exercise equipment manufacturer Peloton (PTON) is up 65% over the past year, but shares have been pulling back with the rest of the market. One trader sees shares breaking lower by the end of next year. That’s based on the January 2027 $3 puts. 11,570 contracts traded compared to a prior open interest of 237, for a 49-fold rise in volume on the trade. The buyer of the puts paid $0.42 to make the bullish bet, which expires in 613 days. Peloton ...
Read More About This

Retailer Target (TGT) has taken a 40% dive in the past year, amid rising consumer uncertainty and higher tariff rates on imported manufactured goods. One trader sees shares trending higher by the end of next year. That’s based on the January 2027 $85 calls. With 616 days until expiration, 9,500 contracts traded compared to a prior open interest of 340, for a 28-fold rise in volume on the trade. The buyer of the calls paid $23.00 to make the bullish bet. Target ...
Read More About This

Telehealth platform Hims & Hers Health (HIMS) just reported a massive earnings beat, with shares up 20% on the news. One trader thinks that the stock has run too far, too fast. That’s based on the June $45 puts. With 43 days until expiration, 7,000 contracts traded compared to a prior open interest of 121, for a 58-fold rise in volume on the trade. The buyer of the puts paid $5.15 to make the bearish bet. HIMS shares soared to about $50 ...
Read More About This

Oil and gas pipeline play Enterprise Products Partners (EPD) is up 7% over the past year, but has given up gains in recent weeks amid the market selloff. One trader sees more upside by year-end. That’s based on the December 2025 $36 calls. With 226 days until expiration, 6,000 contracts traded compared to a prior open interest of 184, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. Enterprise recently ...
Read More About This

Quantum computing developer Rigetti Computing (RGTI) is up a massive 550% over the past year amid strong investor interest. One trader is betting on a pullback in the second half of the year. That’s based on the January 2026 $9 puts. With 255 days until expiration, 7,304 contracts traded compared to a prior open interest of 172, for a 42-fold rise in volume on the trade. The buyer of the puts paid $2.60 to make the bearish bet. Rigetti Computing shares recently ...
Read More About This

Bitcoin holding company Strategy (MSTR) is up 237% over the past year, far exceeding the overall stock market’s return. One trader sees further upside in the coming weeks as bitcoin potentially makes another run at $100,000. That’s based on the June 20 $390 calls. With 46 days until expiration, 62,889 contracts traded compared to a prior open interest of 1,262, for a 50-fold rise in volume on the trade. The buyer of the calls paid $41.50 to make the bullish bet. Strategy ...
Read More About This

Database software giant Oracle (ORCL) is up 23% over the past year, handily beating the S&P 500, even with its recent pullback. One trader sees more upside into the middle of next year. That’s based on the June 2026 $165 calls. With 412 days until expiration, 10,500 contracts traded compared to a prior open interest of 198, for a 56-fold rise in volume on the trade. The buyer of the calls paid $14.95 to make the bullish bet. Oracle shares recently traded ...
Read More About This