10652

Unusual Options Activity: Visa (V)

Credit card giant
Visa (V) saw its shares sell off last week on news of a government probe. However, at least one trader is betting on a move higher. That’s based on the May $210 calls. Nearly 3,000 contracts traded against a prior open interest of 128, for a 23-fold rise in volume. The trade expires in 58 days, and trades right at-the-money given the current price near $208. The buyer of the option paid about $7.40 for the call. Visa’s status as one ...
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10645

Unusual Options Activity: Netflix (NFLX)

Streaming giant
Netflix (NFLX) has had a big increase in competition in the past two years. But that hasn’t stopped one trader from making a hugely bullish bet on the company. That’s based on the June 2022 $950 calls. That strike price is about 85 percent higher than where shares currently trade. The buyer paid about $8.10 for the contract, which expires in more than 450 days. Over 6,000 contracts traded, a 39-fold jump from the open interest of 154. Netflix has seen ...
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10635

Unusual Options Activity: PagSeguro Digital (PAGS)

Brazilian financial software company
PagSeguro Digital (PAGS) has been active this year. Shares started the year with a selloff, then a rally, then another selloff. One trader sees the current selloff ending with a rally ahead. That’s based on multiple call options with unusual activity. The September $55 call, however, had the most activity. Over 18,660 contracts traded, an 83-fold rise in volume to the open interest of 224. The trade, expiring in 179 days, would require shares to move about $8 higher ...
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10630

Unusual Options Activity: Churchill Capital IV Corp (CCIV)


Churchill Capital IV (CCIV) is a special purpose acquisition company. Shares have sold off in recent weeks, but one trader sees a move higher in shares. That’s based on the October $45 calls. With 210 days until expiration, over 1,400 contracts traded, an 111-fold rise in volume from the prior open interest near 133. Shares are currently near $30, so they would need to rise just over 50 percent for this trade to move in-the-money. The buyer paid about $6.20 for the ...
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10625

Unusual Options Activity: Cameco (CCJ)

Commodities have been trending strong lately. It’s no surprise that traders still see some upside in uranium. One trader sees a move higher in
Cameco (CCJ). That’s based on the April $24 call option. Expiring in 29 days, the trader paid $0.30 to buy over 28,500 contracts. That’s a 214-fold rise in volume from the prior open interest of 133. With shares near $19, it would take a further 26 percent rally for the option to move in-the-money. Shares of Cameco have Read More About This
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10620

Unusual Options Activity: Marathon Oil (MRO)

Energy giant
Marathon Oil (MRO) has had strong performance on rebounding oil prices in recent months. But one trader sees an end to the party. That’s based on the July $15 puts. With 121 days until expiration, 5,055 contracts traded against a prior open interest of 111, for a 45-fold rise in volume. With shares around $12, the option is already $3 in-the-money. The trader paid $3.90 for the contracts on average, or about only $0.90 in time premium. Marathon shares have nearly ...
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10616

Unusual Options Activity: American Airlines (AAL)

Shares of
American Airlines (AAL) have roughly doubled since the announcement of a Covid vaccine in early November. One trader sees a further move higher in the next month. That’s based on the April $29 calls. With 31 days until expiration, over 24,200 contracts traded, a 33-fold rise in volume from the prior open interest of 724. The option buyer paid about $0.62 for the contract. With a share price near $23.50, shares would need to rally another 23 percent in the next ...
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10609

Unusual Options Activity: Airbnb (ABNB)

Lodging platform app
Airbnb (ABNB) has been trending up since it first went public late last year. Following better than expected earnings, shares have been trending higher. One trader sees a further move ahead. That’s based on the June $210 calls. With 94 days until expiration, over 9,200 contracts traded, a 49-fold rise in volume from the prior open interest of 187. The buyer paid about $24.50 for the calls. Shares are just around $200, so they would need to rally just over ...
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