Unusual Options Activity: Devon Energy Corporation (DVN)
Shares of energy explorer and producer
Devon Energy Corporation (DVN) are up nearly four-fold in the past year as energy prices, particularly natural gas, are on the rise. One trader sees shares moving even higher in the coming weeks. That’s based on the December $46 calls. With 52 days until expiration, 6,145 options traded against a prior open interest of 217, for a 30-fold rise in volume. The buyer of the calls paid $0.94 to make the trade. With shares currently just over ...
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Devon Energy Corporation (DVN) are up nearly four-fold in the past year as energy prices, particularly natural gas, are on the rise. One trader sees shares moving even higher in the coming weeks. That’s based on the December $46 calls. With 52 days until expiration, 6,145 options traded against a prior open interest of 217, for a 30-fold rise in volume. The buyer of the calls paid $0.94 to make the trade. With shares currently just over ...
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Unusual Options Activity: Vodafone (VOD)
Shares of telecom giant
Vodafone (VOD) have been trending down since May. However, one trader sees a potential rebound in shares ahead in the next six months. That’s based on the April $17 calls. With 171 days until expiration, 60,066 contracts traded against a prior open interest of 364, for a 165-fold explosion in volume. The buyer of the calls paid $0.50 to make the trade. The decline in company shares have led to a drop around $15.50, so a move to $17 ...
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Vodafone (VOD) have been trending down since May. However, one trader sees a potential rebound in shares ahead in the next six months. That’s based on the April $17 calls. With 171 days until expiration, 60,066 contracts traded against a prior open interest of 364, for a 165-fold explosion in volume. The buyer of the calls paid $0.50 to make the trade. The decline in company shares have led to a drop around $15.50, so a move to $17 ...
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Unusual Options Activity: QuantumScape (QS)
Shares of electric battery technology company
QuantumScape (QS) are well off their highs from the past year, but have been trending higher in recent weeks. One trader sees the trend continuing. That’s based on the November $31 call. With 28 days until expiration, over 10,015 contracts traded, an 81-fold jump in volume from the prior open interest of 124. The buyer of the calls paid $0.65 to make the trade. With shares around $25, they’d need to rise another $6, or nearly 25 ...
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QuantumScape (QS) are well off their highs from the past year, but have been trending higher in recent weeks. One trader sees the trend continuing. That’s based on the November $31 call. With 28 days until expiration, over 10,015 contracts traded, an 81-fold jump in volume from the prior open interest of 124. The buyer of the calls paid $0.65 to make the trade. With shares around $25, they’d need to rise another $6, or nearly 25 ...
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Unusual Options Activity: Marvell Technology (MRVL)
Shares of semiconductor firm
Marvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. With shares last trading near $68, the stock would need to rise just over 10 percent for ...
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Marvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. With shares last trading near $68, the stock would need to rise just over 10 percent for ...
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Unusual Options Activity: Faraday Future Electric (FFIE)
Shares of electric vehicle manufacturer
Faraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months. That’s based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade. Shares currently trade just over $9, so would need to rally at least 10 percent in the ...
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Faraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months. That’s based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade. Shares currently trade just over $9, so would need to rally at least 10 percent in the ...
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Unusual Options Activity: British Petroleum (BP)
Shares of oil and gas giant
British Petroleum (BP) have nearly doubled in the past year on the back of rising energy prices. One trader sees that trend continuing for some time. That’s based on the January 2024 $25 calls. With 822 days until expiration, 2,540 contracts traded, a 25-fold jump in volume over the prior open interest of 103. The buyer of the calls paid $6.57 to make the trade. With shares going for about $29.50, a 52-week high, the options ...
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British Petroleum (BP) have nearly doubled in the past year on the back of rising energy prices. One trader sees that trend continuing for some time. That’s based on the January 2024 $25 calls. With 822 days until expiration, 2,540 contracts traded, a 25-fold jump in volume over the prior open interest of 103. The buyer of the calls paid $6.57 to make the trade. With shares going for about $29.50, a 52-week high, the options ...
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Unusual Options Activity: Lumen Technologies (LUMN)
Shares of telecommunications company
Lumen Technologies (LUMN) have risen about in-line with the overall market in the past year, but shares have been trending down in recent months. One trader sees the downtrend in shares continuing. That’s based on the December $12 puts. With 60 days until expiration, 5,020 contracts traded hands, a 35-fold rise in volume from the prior open interest of 142. The buyer of the puts paid $0.73. Shares currently trade around $12, making this an at-the-money trade. Shares are ...
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Lumen Technologies (LUMN) have risen about in-line with the overall market in the past year, but shares have been trending down in recent months. One trader sees the downtrend in shares continuing. That’s based on the December $12 puts. With 60 days until expiration, 5,020 contracts traded hands, a 35-fold rise in volume from the prior open interest of 142. The buyer of the puts paid $0.73. Shares currently trade around $12, making this an at-the-money trade. Shares are ...
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Unusual Options Activity: Wells Fargo & Company (WFC)
Shares of megabank
Wells Fargo & Company (WFC) have nearly doubled in the past year. However, over the past 5 years, shares are largely down thanks to a number of scandals. One trader expects a further decline in shares in the next few years. That’s based on the January 2024 $40 put. With 826 days until expiration, over 10,760 contracts traded against a prior open interest of 442, for a 24-fold jump in volume. The buyer of the put paid $5.60 to ...
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Wells Fargo & Company (WFC) have nearly doubled in the past year. However, over the past 5 years, shares are largely down thanks to a number of scandals. One trader expects a further decline in shares in the next few years. That’s based on the January 2024 $40 put. With 826 days until expiration, over 10,760 contracts traded against a prior open interest of 442, for a 24-fold jump in volume. The buyer of the put paid $5.60 to ...
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