Unusual Options Activity: Advanced Micro Devices (AMD)
Shares of semiconductor firm
Advanced Micro Devices (AMD) have seen a strong rally in the past few weeks. One trader sees that trend continuing through the end of the month. That’s based on the July 30 $110 calls. With 28 days until expiration, over 7,190 contracts traded against an open interest of 268, for a 27-fold jump in volume. The buyer of the calls paid $1.04 to make the trade. With shares around $94, they’d need to rise $16 or about 20 percent ...
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Advanced Micro Devices (AMD) have seen a strong rally in the past few weeks. One trader sees that trend continuing through the end of the month. That’s based on the July 30 $110 calls. With 28 days until expiration, over 7,190 contracts traded against an open interest of 268, for a 27-fold jump in volume. The buyer of the calls paid $1.04 to make the trade. With shares around $94, they’d need to rise $16 or about 20 percent ...
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Unusual Options Activity: Home Depot (HD)
Shares of home improvement retailer
Home Depot (HD) slid to around $300 per share in recent weeks before starting a strong bounce higher. One trader sees that trend continuing into the next week. That’s based on the July 9 $330 calls. Over 14,880 contracts traded against a prior open interest of 136, for a 109-fold surge in volume. The buyer of the calls paid about $0.68. With shares around $318, they would need to rise another 4 percent in a week in order ...
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Home Depot (HD) slid to around $300 per share in recent weeks before starting a strong bounce higher. One trader sees that trend continuing into the next week. That’s based on the July 9 $330 calls. Over 14,880 contracts traded against a prior open interest of 136, for a 109-fold surge in volume. The buyer of the calls paid about $0.68. With shares around $318, they would need to rise another 4 percent in a week in order ...
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Unusual Options Activity: Expedia (EXPE)
Shares of travel booking firm
Expedia (EXPE) have been trading in a range for the past few months, but saw a drop to the bottom of their range on Monday. One trader sees the opportunity for a strong rebound in the months to come. That’s based on the November $180 calls. With 142 days until expiration, over 13,894 contracts traded hands, a 121-fold jump in volume from the prior open interest of 115. The buyer of the calls paid about $13.80 to ...
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Expedia (EXPE) have been trading in a range for the past few months, but saw a drop to the bottom of their range on Monday. One trader sees the opportunity for a strong rebound in the months to come. That’s based on the November $180 calls. With 142 days until expiration, over 13,894 contracts traded hands, a 121-fold jump in volume from the prior open interest of 115. The buyer of the calls paid about $13.80 to ...
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Unusual Options Activity: L Brands (LB)
Shares of consumer apparel giant
L Brands (LB) have been in a strong uptrend over the past six months. One trader sees the possibility of a further move higher in the coming days. That’s based on the July 9 $77 calls. Expiring in 10 days, over 3,820 contracts traded against an open interest of 125, for a 31-fold rise in volume. The buyer of the calls paid about $0.72 on average. Shares of L Brands last traded near $72, so shares would need ...
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L Brands (LB) have been in a strong uptrend over the past six months. One trader sees the possibility of a further move higher in the coming days. That’s based on the July 9 $77 calls. Expiring in 10 days, over 3,820 contracts traded against an open interest of 125, for a 31-fold rise in volume. The buyer of the calls paid about $0.72 on average. Shares of L Brands last traded near $72, so shares would need ...
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Unusual Options Activity: Weyerhaeuser (WY)
Shares of mill and paper firm
Weyerhaeuser (WY) have slid heavily in the past few weeks, coinciding with a massive drop in lumber prices after a massive expansion in the past year. One trader sees the potential for a return to the stock’s recent highs. That’s based on the March 2022 $40 calls. Expiring in 263 days, over 6,085 contracts traded against a prior open interest of 153 contracts, for a 40-fold rise in volume. The buyer of the option paid about $1.10 ...
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Weyerhaeuser (WY) have slid heavily in the past few weeks, coinciding with a massive drop in lumber prices after a massive expansion in the past year. One trader sees the potential for a return to the stock’s recent highs. That’s based on the March 2022 $40 calls. Expiring in 263 days, over 6,085 contracts traded against a prior open interest of 153 contracts, for a 40-fold rise in volume. The buyer of the option paid about $1.10 ...
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Unusual Options Activity: SoFi Technologies (SOFI)
Shares of fintech firm
SoFi Technologies (SOFI) have been trading in a narrow range since the company’s IPO via a special purpose acquisition company, or SPAC. One trader sees the potential for a move higher in the coming weeks and months. That’s based on a number of unusual options in the stock. The most interesting is the January $7.50 calls. With 210 days until expiration, over 8,300 contracts traded against an open interest of 228, for a 36-fold jump in volume. The buyer ...
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SoFi Technologies (SOFI) have been trading in a narrow range since the company’s IPO via a special purpose acquisition company, or SPAC. One trader sees the potential for a move higher in the coming weeks and months. That’s based on a number of unusual options in the stock. The most interesting is the January $7.50 calls. With 210 days until expiration, over 8,300 contracts traded against an open interest of 228, for a 36-fold jump in volume. The buyer ...
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Unusual Options Activity: Apple (AAPL)
Shares of consumer tech giant
Apple (AAPL) have been trading in a range for the past few months, but is starting to move towards the higher end of its range. One trader sees the possibility for a breakout to new all-time highs for the company. That’s based on the July 30th $155 calls. With 36 days until expiration, over 14,520 contracts traded against a prior open interest of 260, for a 56-fold rise in volume. The buyer of the calls paid $0.26 for ...
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Apple (AAPL) have been trading in a range for the past few months, but is starting to move towards the higher end of its range. One trader sees the possibility for a breakout to new all-time highs for the company. That’s based on the July 30th $155 calls. With 36 days until expiration, over 14,520 contracts traded against a prior open interest of 260, for a 56-fold rise in volume. The buyer of the calls paid $0.26 for ...
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Unusual Options Activity: Devon Energy Corporation (DVN)
Shares of energy giant
Devon Energy Corporation (DVN) have seen shares rise steadily higher over the past year. One trader sees the potential for a further move higher. That’s based on a number of trades. The most interesting is the January $35 calls. With 212 days until expiration, over 22,580 contracts traded against a prior open interest of 271, for an 83-fold rise in volume. The buyer paid about $1.92 for the contracts. With shares trading around $28.50, the shares would need to ...
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Devon Energy Corporation (DVN) have seen shares rise steadily higher over the past year. One trader sees the potential for a further move higher. That’s based on a number of trades. The most interesting is the January $35 calls. With 212 days until expiration, over 22,580 contracts traded against a prior open interest of 271, for an 83-fold rise in volume. The buyer paid about $1.92 for the contracts. With shares trading around $28.50, the shares would need to ...
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