Unusual Options Activity: Gilead Sciences (GILD)
Shares of biotech firm
Gilead Sciences (GILD) have been trending slightly higher in the past year. One trader sees the opportunity for shares to move higher in the months ahead. That’s based on the June $75 calls. With 268 days until expiration, over 30,430 contacts traded against ta prior open interest of 1,121, for a 29-fold jump in volume. The buyer of the calls paid $4.80 to make the trade. Shares of the biotech recently traded around $71, so they would need to ...
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Gilead Sciences (GILD) have been trending slightly higher in the past year. One trader sees the opportunity for shares to move higher in the months ahead. That’s based on the June $75 calls. With 268 days until expiration, over 30,430 contacts traded against ta prior open interest of 1,121, for a 29-fold jump in volume. The buyer of the calls paid $4.80 to make the trade. Shares of the biotech recently traded around $71, so they would need to ...
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Unusual Options Activity: Roku (ROKU)
Shares of TV streaming platform
Roku (ROKU) have been trending down since July. One trader sees the possibility for a rebound in the months ahead. That’s based on the December $325 calls. With 87 days until expiration, over 5,070 contracts traded, a 34-fold increase in volume compared to the prior open interest of 150. The buyer of the calls paid $30.08 to make the trade. Shares currently trade around $324, making this an at-the-money trade. Options should rise dollar-for-dollar with shares, less any ...
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Roku (ROKU) have been trending down since July. One trader sees the possibility for a rebound in the months ahead. That’s based on the December $325 calls. With 87 days until expiration, over 5,070 contracts traded, a 34-fold increase in volume compared to the prior open interest of 150. The buyer of the calls paid $30.08 to make the trade. Shares currently trade around $324, making this an at-the-money trade. Options should rise dollar-for-dollar with shares, less any ...
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Unusual Options Activity: Robinhood (HOOD)
Shares of stock brokerage firm
Robinhood (HOOD) have been declining since their IPO. One trader sees the decline continuing for the next few months. That’s based on the January $31 puts. With 123 days until expiration, over 1,500 contracts traded against a prior open interest of 114, for a 13-fold rise in volume. The buyer of the puts paid $2.80 to make the buy. Shares last traded around $42, so they would need to drop about $9, or more than 25 percent for ...
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Robinhood (HOOD) have been declining since their IPO. One trader sees the decline continuing for the next few months. That’s based on the January $31 puts. With 123 days until expiration, over 1,500 contracts traded against a prior open interest of 114, for a 13-fold rise in volume. The buyer of the puts paid $2.80 to make the buy. Shares last traded around $42, so they would need to drop about $9, or more than 25 percent for ...
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Unusual Options Activity: Colfax Corporation (CFX)
Shares of specialty industrial machinery company
Colfax Corporation (CFX) have been trending higher in the past year, although the share appreciation has slowed in recent months. One trader sees the possibility of a drop in the months ahead. That’s based on the December $40 puts. 5,000 contracts traded hands, a 48-fold rise in volume from the prior open interest of 105. The trade has 91 days until expiration. The buyer of the put paid $0.85 to make the trade. A strike price of ...
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Colfax Corporation (CFX) have been trending higher in the past year, although the share appreciation has slowed in recent months. One trader sees the possibility of a drop in the months ahead. That’s based on the December $40 puts. 5,000 contracts traded hands, a 48-fold rise in volume from the prior open interest of 105. The trade has 91 days until expiration. The buyer of the put paid $0.85 to make the trade. A strike price of ...
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Unusual Options Activity: Comcast Corporation (CMCSA)
Shares of cable giant
Comcast Corporation (CMCSA) slid on Tuesday as the company warned on declining cable subscribers. One trader sees the room for a further drop in the months ahead. That’s based on the November $50 puts. With 64 days left on the trade, over 32,100 contracts traded against an open interest of 201 contracts, for a 160-fold jump in volume. The buyer of the puts paid $0.85 to make the trade. With shares currently around $55, it would take a ...
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Comcast Corporation (CMCSA) slid on Tuesday as the company warned on declining cable subscribers. One trader sees the room for a further drop in the months ahead. That’s based on the November $50 puts. With 64 days left on the trade, over 32,100 contracts traded against an open interest of 201 contracts, for a 160-fold jump in volume. The buyer of the puts paid $0.85 to make the trade. With shares currently around $55, it would take a ...
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Unusual Options Activity: Wells Fargo (WFC)
Shares of megabank
Wells Fargo (WFC) have traded mixed over the past month, as the company largely missed on earnings. Over the past year, shares have been trending up. However, one trader sees a possibility for a big drop in shares at some point before next spring. That’s based on the April $32.50 puts. Over 16,015 contracts traded, a 96.5-fold rise in volume compared to the prior open interest of 166 contracts. The buyer paid $0.84 for the contract. The trade has 211 ...
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Wells Fargo (WFC) have traded mixed over the past month, as the company largely missed on earnings. Over the past year, shares have been trending up. However, one trader sees a possibility for a big drop in shares at some point before next spring. That’s based on the April $32.50 puts. Over 16,015 contracts traded, a 96.5-fold rise in volume compared to the prior open interest of 166 contracts. The buyer paid $0.84 for the contract. The trade has 211 ...
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Unusual Options Activity: Merck & Co. (MRK)
Shares of pharmaceutical giant
Merck & Co (MRK) have been trading roughly flat over the past six months following a selloff in shares. One trader sees the potential for a move higher in the coming months. That’s based on the November $75 calls. With 67 days left on the trade, over 41,300 contracts traded against a prior open interest of 494, for an 84-fold rise in volume. The buyer of the calls paid $1.88 to make the trade. Shares trade for around $73.50, ...
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Merck & Co (MRK) have been trading roughly flat over the past six months following a selloff in shares. One trader sees the potential for a move higher in the coming months. That’s based on the November $75 calls. With 67 days left on the trade, over 41,300 contracts traded against a prior open interest of 494, for an 84-fold rise in volume. The buyer of the calls paid $1.88 to make the trade. Shares trade for around $73.50, ...
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Unusual Options Activity: Discovery (DISCK)
Shares of media firm
Discovery (DISCK) have been trending down over the last month. However, one trader sees the potential for a big return over the next year. That’s based on the January 2023 $40 calls. With 494 days until expiration, over 5,000 contracts traded, a 12-fold rise in volume from the prior open interest of 407 contracts. The buyer of the calls paid about $2.08 to make the trade. Shares of the company last traded just over $25 per share, so the ...
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Discovery (DISCK) have been trending down over the last month. However, one trader sees the potential for a big return over the next year. That’s based on the January 2023 $40 calls. With 494 days until expiration, over 5,000 contracts traded, a 12-fold rise in volume from the prior open interest of 407 contracts. The buyer of the calls paid about $2.08 to make the trade. Shares of the company last traded just over $25 per share, so the ...
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