Unusual Options Activity: Las Vegas Sands (LVS)
Shares of casino giant
Las Vegas Sands (LVS) have been trending down since mid-March, and now stand near a six-month low. One trader sees shares breaking off the low and moving higher once again. That’s based on the May 2022 $62.50 calls. With 298 days until expiration, over 35,780 contracts traded against a prior open interest of 677, for a 53-fold jump in volume. The buyer of the calls paid $2.21 on average. With shares around $47, they would need to rally 50 ...
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Las Vegas Sands (LVS) have been trending down since mid-March, and now stand near a six-month low. One trader sees shares breaking off the low and moving higher once again. That’s based on the May 2022 $62.50 calls. With 298 days until expiration, over 35,780 contracts traded against a prior open interest of 677, for a 53-fold jump in volume. The buyer of the calls paid $2.21 on average. With shares around $47, they would need to rally 50 ...
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Unusual Options Activity: 3M (MMM)
Shares of conglomerate
3M (MMM) have been trading in a range for the past few months. One trader sees the shares moving higher, potentially out of its trading range and into a new rally. That’s based on the September $210 calls. Over 10,200 contracts traded against an open interest of 272, for a 38-fold rise in volume. The buyer of the calls paid about $2.42 to make the trade. With shares around $200, a move to $210 represents about a 5 percent move ...
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3M (MMM) have been trading in a range for the past few months. One trader sees the shares moving higher, potentially out of its trading range and into a new rally. That’s based on the September $210 calls. Over 10,200 contracts traded against an open interest of 272, for a 38-fold rise in volume. The buyer of the calls paid about $2.42 to make the trade. With shares around $200, a move to $210 represents about a 5 percent move ...
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Unusual Options Activity: Valero Energy (VLO)
Shares of oil refining giant
Valero Energy (VLO) have been sliding in the past month. However, one trader sees a potential rebound in the coming months. That’s based on the November $65 call. With 120 days until expiration, over 5,115 contracts traded against an open interest of 128, for a 40-fold rise in volume. The buyer of the call options paid about $4.18 to make the trade. Shares of the company are currently around $62.50, making this a near-the-money call. Valero has Read More About This
Valero Energy (VLO) have been sliding in the past month. However, one trader sees a potential rebound in the coming months. That’s based on the November $65 call. With 120 days until expiration, over 5,115 contracts traded against an open interest of 128, for a 40-fold rise in volume. The buyer of the call options paid about $4.18 to make the trade. Shares of the company are currently around $62.50, making this a near-the-money call. Valero has Read More About This
Unusual Options Activity: Hilton Worldwide Holdings (HLT)
Shares of hotel chain
Hilton Worldwide Holdings (HLT) have been trading in a range over the past few months. One trader is betting that when shares do break out of their range, it will be higher. That’s based on the January 2023 $130 calls. With a whopping 548 days until expiration, over 6,250 contracts traded against a prior open interest of 142, for a 44-fold rise in volume. The buyer of the contracts paid about $14.70. Shares last traded around $117, so to ...
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Hilton Worldwide Holdings (HLT) have been trading in a range over the past few months. One trader is betting that when shares do break out of their range, it will be higher. That’s based on the January 2023 $130 calls. With a whopping 548 days until expiration, over 6,250 contracts traded against a prior open interest of 142, for a 44-fold rise in volume. The buyer of the contracts paid about $14.70. Shares last traded around $117, so to ...
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Unusual Options Activity: Nordstrom (JWN)
Shares of department store chain
Nordstrom (JWN) have been trading in a range year-to-date. Shares now trade at the lower end of that range, and one trader is betting on a move higher. That’s based on the August $32.50 calls. Over 8,975 contracts traded, an 84-fold jump in volume over the prior open interest of 107. The buyer of the calls paid about $2.19 to make the trade. With shares currently around $32.70, the option is an at-the-money trade, and could deliver solid ...
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Nordstrom (JWN) have been trading in a range year-to-date. Shares now trade at the lower end of that range, and one trader is betting on a move higher. That’s based on the August $32.50 calls. Over 8,975 contracts traded, an 84-fold jump in volume over the prior open interest of 107. The buyer of the calls paid about $2.19 to make the trade. With shares currently around $32.70, the option is an at-the-money trade, and could deliver solid ...
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Unusual Options Activity: Verizon (VZ)
Shares of telecom company
Verizon (VZ) have been trading in a narrow range over the past year. One trader sees shares moving higher, possibly back to the top of their trading range, if not higher. That’s based on the September $50 calls. Over 10,000 contracts traded against a prior open interest of 336, for a 30-fold rise in volume. The buyer of the options paid about $6.75 to make the trade. Shares of Verizon last traded near $56.50, leaving this option about $6.50 ...
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Verizon (VZ) have been trading in a narrow range over the past year. One trader sees shares moving higher, possibly back to the top of their trading range, if not higher. That’s based on the September $50 calls. Over 10,000 contracts traded against a prior open interest of 336, for a 30-fold rise in volume. The buyer of the options paid about $6.75 to make the trade. Shares of Verizon last traded near $56.50, leaving this option about $6.50 ...
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Unusual Options Activity: Ford (F)
Shares of car manufacturing giant
Ford (F) have been doing well this year. One trader sees that trend continuing well into the next year. That’s based on the June 2022 $22 calls. The trade has 336 days left until expiration. Over 6,200 contracts traded against a prior open interest of 320, for a 19-fold rise in volume. Based on where shares last traded in the low $14 range, the stock price would need to surge over 54 percent to move in-the-money. The buyer ...
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Ford (F) have been doing well this year. One trader sees that trend continuing well into the next year. That’s based on the June 2022 $22 calls. The trade has 336 days left until expiration. Over 6,200 contracts traded against a prior open interest of 320, for a 19-fold rise in volume. Based on where shares last traded in the low $14 range, the stock price would need to surge over 54 percent to move in-the-money. The buyer ...
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Unusual Options Activity: Photronics Inc (PLAB)
Shares of semiconductor company
Photronics Inc (PLAB) have been generally moving higher over the past few months, but with some volatile spikes in shares. One trader sees the potential for a further move higher. That’s based on the December $12.50 calls. With 155 days until expiration, over 4,273 contracts traded, a 36-fold rise in volume from the prior open interest of 117. The buyer of the calls paid $1.92 on average to make the trade. With shares near $13, the calls are slightly ...
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Photronics Inc (PLAB) have been generally moving higher over the past few months, but with some volatile spikes in shares. One trader sees the potential for a further move higher. That’s based on the December $12.50 calls. With 155 days until expiration, over 4,273 contracts traded, a 36-fold rise in volume from the prior open interest of 117. The buyer of the calls paid $1.92 on average to make the trade. With shares near $13, the calls are slightly ...
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