Unusual Options Activity

Real estate platform company
Opendoor Technologies (OPEN) has been trending down since February. However, one trader sees the potential for a rebound in the next year and change. That’s based on the January 2023 $23 calls. With 508 days until expiration, over 35,013 contracts changed hands, a 71-fold jump in volume from the prior open interest near 490 contracts. The buyer of the calls paid about $3.60 to make the buy. Shares would need to move about 37 percent higher from their current ...
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Sporting goods retailer
Academy Sports and Outdoors (ASO) is already up over 200 percent in the past year. One trader sees the opportunity for a further move higher. That’s based on the December $45 calls. With 112 days until expiration, over 9,800 contracts traded compared to a prior open interest of 121, for an 81-fold jump in volume. The buyer of the calls paid about $4.90 to make the trade. With shares around $42, they’d only need to rally by $1 to move ...
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Energy prices have been rebounding in recent weeks, and one trader sees a possibility to play that trade with
Devon Energy (DVN). That’s based on the December $30 calls. With 113 days until expiration, over 9,360 contracts traded against a prior open interest of 145, for a 65-fold rise in volume. The buyer of the calls paid about $2.39 to make the trade. Shares recently traded near $28.50, so they would need to rise less than 10 percent to move in-the-money. Given the ...
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Shares of semiconductor firm
Advanced Micro Devices (AMD) have been in a strong uptrend, particularly after reporting its latest earnings numbers a few weeks ago. One trader sees the possibility for a further move. That’s based on the September 3 $119 call options. With 9 days until expiration, over 13,880 contracts traded against an open interest of 268, for a 52-fold jump in volume. The buyer of the contracts paid about $0.68 on average. With shares around $109, they’d need to rally about ...
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Shares of casino giant
Caesars Entertainment (CZR) have been steadily declining since early June. However, one trader see the possibility for a strong rebound. That’s based on the December $125 calls. With 115 days until expiration, over 20,015 contracts traded compared to an open interest of 186, for a 108-fold jump in volume. The buyer of the calls paid about $1.27 to make the trade. Even with the recent decline, the casino company has seen shares rise 85 percent over the past ...
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Shares of department store chain
Macy’s (M) rallied last week on news that the retailer would carry pop-up toy shops under the Toys “R” Us brand. One trader sees that trend continuing in the weeks ahead. That’s based on the September $21 calls. With 25 days until expiration, over 104,965 contracts traded against a prior open interest of 2,165, for a 49-fold rise in volume. The buyer paid about $1.80 to make the trade. The trade was made as shares topped $21.50, leaving ...
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Shares of biotech firm
Gilead Sciences (GILD) have been trending gradually higher over the past few months, with shares now at a 52-week high. One trader see the possibility for further profits in the coming months. That’s based on the October $80 calls. With 56 days on the clock, over 7,098 contracts traded compared to an open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid about $0.42 to make the trade. With shares around $72, they’d ...
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Shares of event sales platform
Live Nation Entertainment (LYV) have pulled back in recent weeks, likely due to a rise in Covid cases. One trader sees shares shaking off their recent fears and heading higher. That’s based on the January 2023 $95 calls. With 519 days until expiration, over 12,690 contracts traded against a prior open interest of 280 for a 45-fold surge in volume. The buyer of the calls paid about $11.25 to make the trade. Shares have pulled back to around ...
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