Unusual Options Activity

Financial service provider Discover Financial Services (DFS) is up 61% over the past year. One trader sees shares pulling back over the coming weeks. That’s based on the December 20 $120 puts. With 72 days until expiration, 4,349 contracts traded compared to a prior open interest of 119, for a 37-fold rise in volume on the trade. The buyer of the puts paid $2.85 to make the bearish bet. Discover Financial Services last traded for about $145, so shares would need to ...
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Copper producer Freeport-McMoRan (FCX) is up 44% in the past year, beating the overall S&P 500 by about 10 points. However, one trader is betting on shares pulling back over the coming weeks. That’s based on the December 20 $40 puts. With 74 days until expiration, 6,566 contracts traded compared to a prior open interest of 147, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.47 to make the bearish bet. FCX shares recently traded ...
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Payment technology company Global Payments Inc (GPN) is down 11% over the past year. One trader sees further downside in the weeks ahead. That’s based on the November 15 $85 puts. With 42 days until expiration, 6,093 contracts traded compared to a prior open interest of 190, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.20 to make the bearish bet. Global Payments shares recently traded for about $97.50, so the stock would need to ...
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Digital platform Sea Limited (SE) is up 121% over the past year, and is up nearly 50% alone since August. One trader sees shares pulling back over the coming months. That’s based on the December 20 $82.50 puts. With 78 days until expiration, 10,001 contracts traded compared to a prior open interest of 320, for a 31-fold rise in volume on the trade. The buyer of the puts paid $2.70 to make the bearish bet. Sea Limited shares recently traded for ...
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China-based EV manufacturer NIO (NIO) is down 25% over the past year, but shares have started to rally in recent weeks. One trader is betting that shares will continue to rally over the next month. That’s based on the November 1 $9 calls. With 30 days until expiration, 10,172 contracts traded compared to a prior open interest of 400, for a 25-fold rise in volume on the trade. The buyer of the calls paid $0.36 to make the bullish bet. NIO shares ...
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Exercise technology company
Peloton Interactive (PTON) is down 2% over the past year, with shares coming off extreme lows from earlier in the year. One trader sees the stock surging higher into next spring. That’s based on the April $7 calls. With 197 days until expiration, 13,239 contracts traded compared to a prior open interest of 209, for a 63-fold rise in volume on the trade. The buyer of the calls paid $0.67 to make the bullish bet. Peloton shares recently traded for ...
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Uranium producer
Cameco (CCJ) is up 16% over the past year, and shares have started to rebound strongly after selling off over the summer. One trader sees further gains ahead. That’s based on the November 15 $60 calls. With 47 days until expiration, 8,083 contracts traded compared to a prior open interest of 137, for a 59-fold increase in volume on the trade. The buyer of the calls paid $0.52 to make the bullish bet. Cameco shares recently touched $48, so they would ...
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Wall Street megabank
Citigroup (C) is having a strong year, with shares up 52%. One trader sees the stock taking a break over the coming weeks. That’s based on the October 25 $55 puts. With 28 days until expiration, 10,038 contracts traded compared to a prior open interest of 115, for an 87-fold rise in volume on the trade. The buyer of the puts paid $0.43 to make the bearish bet. Citigroup shares recently traded for just over $60, so the stock would ...
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