Unusual Options Activity: Rio Tinto Group (RIO)
Mineral ore producer
Rio Tinto Group (RIO) saw shares double in the past year, going from $45 to $92, before a pullback starting in February. Now, one trader sees a rebound in shares. That’s based on the January 2022 $86.57 calls. Over 13,862 of the contracts traded, a 60-fold jump in volume from the prior open interest of 230. The trade expires in 292 days. The buyer paid about $4.60 for each contract. With shares near $78, the option will move in-the-money following ...
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Rio Tinto Group (RIO) saw shares double in the past year, going from $45 to $92, before a pullback starting in February. Now, one trader sees a rebound in shares. That’s based on the January 2022 $86.57 calls. Over 13,862 of the contracts traded, a 60-fold jump in volume from the prior open interest of 230. The trade expires in 292 days. The buyer paid about $4.60 for each contract. With shares near $78, the option will move in-the-money following ...
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Unusual Options Activity: Under Armour (UA)
Shares of
Under Armour (UA) have been rallying the past few months but have stalled out in recent weeks. One trader is making a big bet on a move higher. That’s based on the April 16th $18.50 calls. The at-the-money trade has just two weeks until expiration. Yet over 35,760 contracts traded, a staggering 270-fold rise in volume from the prior open interest of 132 contracts. The call buyer paid about $0.70 for each contract. Shares have traded as high as $20 per ...
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Under Armour (UA) have been rallying the past few months but have stalled out in recent weeks. One trader is making a big bet on a move higher. That’s based on the April 16th $18.50 calls. The at-the-money trade has just two weeks until expiration. Yet over 35,760 contracts traded, a staggering 270-fold rise in volume from the prior open interest of 132 contracts. The call buyer paid about $0.70 for each contract. Shares have traded as high as $20 per ...
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Unusual Options Activity: Square (SQ)
Shares of digital payments company
Square (SQ) have been off in recent weeks, coming down from a high near $280 per share closer to $200. At least one trader sees further upside ahead. That’s based on the May $200 calls. Expiring in 50 days, and with shares around $215, the option is already nearly $15 in-the-money. Over 10,300 contracts traded, a 25-fold rise in volume from the prior open interest of 413. The buyer paid about $25 for the contracts, or about $10 ...
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Square (SQ) have been off in recent weeks, coming down from a high near $280 per share closer to $200. At least one trader sees further upside ahead. That’s based on the May $200 calls. Expiring in 50 days, and with shares around $215, the option is already nearly $15 in-the-money. Over 10,300 contracts traded, a 25-fold rise in volume from the prior open interest of 413. The buyer paid about $25 for the contracts, or about $10 ...
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Unusual Options Activity: Discovery (DISCA)
The past week has seen a large selloff in shares of
Discovery (DISCA), as a hedge fund went through a forced liquidation. One trader sees a potential rebound in the coming months. That’s based on the May 2021 $75 calls. Expiring in 51 days, over 12,660 options traded, a 41-fold rise in volume from the prior open interest of 307. The buyer paid about $0.50 for the trade. With shares in the $40 range, a move to $75 requires a high double-digit move ...
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Discovery (DISCA), as a hedge fund went through a forced liquidation. One trader sees a potential rebound in the coming months. That’s based on the May 2021 $75 calls. Expiring in 51 days, over 12,660 options traded, a 41-fold rise in volume from the prior open interest of 307. The buyer paid about $0.50 for the trade. With shares in the $40 range, a move to $75 requires a high double-digit move ...
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Unusual Options Activity: Bank of America (BAC)
An outsized rally in financial stocks has helped keep the overall market from dropping too much as tech stocks have sold off. Traders still see some upside in the space. That’s based on the April 30th $42.50 calls on
Bank of America (BAC). With 32 days until expiration, and with shares near $39, the bet has been made that shares will keep moving at least another 3 percent higher. Nearly 4,200 contracts traded against a prior open interest of 107, for a 39-fold ...
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Bank of America (BAC). With 32 days until expiration, and with shares near $39, the bet has been made that shares will keep moving at least another 3 percent higher. Nearly 4,200 contracts traded against a prior open interest of 107, for a 39-fold ...
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Unusual Options Activity: Micron (MU)
Semiconductor giant
Micron (MU) has been hovering near all-time highs, even with the recent volatility in tech. One trader sees the potential for a move higher. That’s based on the April $98 calls. Expiring in 18 days, the trade is a bet that shares will move over 15 percent higher from their current price in the mid-$80 range. Over 11,000 contracts traded against a prior open interest of 116, for a 95-fold rise in volume. The option buyer paid $0.60 for the trade. Micron ...
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Micron (MU) has been hovering near all-time highs, even with the recent volatility in tech. One trader sees the potential for a move higher. That’s based on the April $98 calls. Expiring in 18 days, the trade is a bet that shares will move over 15 percent higher from their current price in the mid-$80 range. Over 11,000 contracts traded against a prior open interest of 116, for a 95-fold rise in volume. The option buyer paid $0.60 for the trade. Micron ...
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Unusual Options Activity: Etsy (ETSY)
Shares of crafting e-commerce platform
Etsy (ETSY) have performed strongly in the past few months. With shares now down around to $200 from a recent high of $250, one trader sees a big move higher. That’s based on the May $250 calls. Expiring in 56 days, the option is a bet on a return to all-time highs in a short amount of time. 5,480 contracts traded against a prior open interest of 120, for a 46-fold rise in volume. The option buyer paid ...
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Etsy (ETSY) have performed strongly in the past few months. With shares now down around to $200 from a recent high of $250, one trader sees a big move higher. That’s based on the May $250 calls. Expiring in 56 days, the option is a bet on a return to all-time highs in a short amount of time. 5,480 contracts traded against a prior open interest of 120, for a 46-fold rise in volume. The option buyer paid ...
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Unusual Options Activity: ViacomCBS (VIAC)
Top performing media play
ViacomCBS (VIAC) saw a selloff earlier this week as the company announced it would issue more shares to raise capital. With the stock up over five-fold in the past year, some traders are betting on a further pullback. One such trade is the May $65 puts. Expiring in 57 days, over 7,300 contracts traded against an open interest of 187 contracts, for a 39-fold rise in volume. The trader paid about $1.75 for the contract on average. Shares have ...
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ViacomCBS (VIAC) saw a selloff earlier this week as the company announced it would issue more shares to raise capital. With the stock up over five-fold in the past year, some traders are betting on a further pullback. One such trade is the May $65 puts. Expiring in 57 days, over 7,300 contracts traded against an open interest of 187 contracts, for a 39-fold rise in volume. The trader paid about $1.75 for the contract on average. Shares have ...
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