Unusual Options Activity: DraftKings (DKNG)
Sports gambling firm
DraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. The option buyer paid about $6.35 for the trade. Online sports gambling is a relatively new industry, ...
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DraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. The option buyer paid about $6.35 for the trade. Online sports gambling is a relatively new industry, ...
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Unusual Options Activity: Nvidia (NVDA)
Graphics processing firm
Nvidia (NVDA) is a major player in the semiconductor space. The recent shortage hasn’t been enough to keep shares from declining. But one trader sees a big move ahead. That’s based on the May $480 calls. Over 8,500 contracts recently traded, a 56-fold rise in volume from the prior open interest of 153. The trade expires in 70 days, and with shares around $500, the calls are about $20 in-the-money. The trader paid about $50.00, or $5,000 per contract, on ...
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Nvidia (NVDA) is a major player in the semiconductor space. The recent shortage hasn’t been enough to keep shares from declining. But one trader sees a big move ahead. That’s based on the May $480 calls. Over 8,500 contracts recently traded, a 56-fold rise in volume from the prior open interest of 153. The trade expires in 70 days, and with shares around $500, the calls are about $20 in-the-money. The trader paid about $50.00, or $5,000 per contract, on ...
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Unusual Options Activity: Zillow (Z)
Shares of
Zillow (Z), the real estate aggregation website has been a top winner in the past few years. One trader sees the potential for a bear market in shares. That’s based on the January 2023 $80 puts. With over 680 days until expiration, over 15,000 contracts traded against a prior open interest of 226, a 66-fold jump in volume. At a current price near $125, shares would need to shed nearly one-third for this option to move in-the-money. The trader paid about ...
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Zillow (Z), the real estate aggregation website has been a top winner in the past few years. One trader sees the potential for a bear market in shares. That’s based on the January 2023 $80 puts. With over 680 days until expiration, over 15,000 contracts traded against a prior open interest of 226, a 66-fold jump in volume. At a current price near $125, shares would need to shed nearly one-third for this option to move in-the-money. The trader paid about ...
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Unusual Options Activity: Snowflake (SNOW)
Cloud-based software giant
Snowflake (SNOW) has seen shares drop over 40 percent from their peak in early December. One trader sees a potential move higher from here. That’s based on the April $250 calls. With shares around $240, it would take a $10 move higher for the trade to move in-the-money. Over 7,600 contracts traded, a 57-fold rise from the open volume of 134. The buyer paid about $17.05 for the contract. Shares of the company went public in September. Since inception, shares have ...
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Snowflake (SNOW) has seen shares drop over 40 percent from their peak in early December. One trader sees a potential move higher from here. That’s based on the April $250 calls. With shares around $240, it would take a $10 move higher for the trade to move in-the-money. Over 7,600 contracts traded, a 57-fold rise from the open volume of 134. The buyer paid about $17.05 for the contract. Shares of the company went public in September. Since inception, shares have ...
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Unusual Options Activity: Advanced Micro Devices (AMD)
Tech stocks have gone into full meltdown mode in the past week. That’s created some huge bargains as many names have given up year-to-date gains… or even further back. One trader sees a rebound in shares of
Advance Micro Devices (AMD) by May. The activity is in the $92.50 calls. Over 7,500 contracts traded recently, a 45-fold jump in volume from the prior open interest near 166. The buyer paid about $2.20 to make the trade on average. The $92.50 strike would Read More About This
Advance Micro Devices (AMD) by May. The activity is in the $92.50 calls. Over 7,500 contracts traded recently, a 45-fold jump in volume from the prior open interest near 166. The buyer paid about $2.20 to make the trade on average. The $92.50 strike would Read More About This
Unusual Options Activity: PagSeguro Digital (PAGS)
Brazilian fintech company
PagSeguro (PAGS) has a healthy long-term chart, moving higher with some sharp, but quickly recovered, drops along the way. Following the recent market weakness, one trader is betting on a move higher with the January 2022 $65 calls. That’s about $10 per share higher from the current price near $65. Over 10,100 contracts traded, a 34-fold rise in volume from the prior open interest of 299. The buyer paid about $9.10 on average. Shares have had a sizeable correction over ...
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PagSeguro (PAGS) has a healthy long-term chart, moving higher with some sharp, but quickly recovered, drops along the way. Following the recent market weakness, one trader is betting on a move higher with the January 2022 $65 calls. That’s about $10 per share higher from the current price near $65. Over 10,100 contracts traded, a 34-fold rise in volume from the prior open interest of 299. The buyer paid about $9.10 on average. Shares have had a sizeable correction over ...
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Unusual Options Activity: Hilton Worldwide Holdings (HLT)
At least one trader is leaning hard into the “reopening” theme for the economy with a large bet on
Hilton Worldwide Holdings (HLT). That’s based on the January 2022 $140 calls. With shares at $124, shares would need to rally about 13 percent for the option to move in-the-money. Over 3,000 of the contracts traded compared to an open interest of 127, for a 24-fold rise in volume. The trader paid about $11.20 for the options on average. The company is coming off ...
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Hilton Worldwide Holdings (HLT). That’s based on the January 2022 $140 calls. With shares at $124, shares would need to rally about 13 percent for the option to move in-the-money. Over 3,000 of the contracts traded compared to an open interest of 127, for a 24-fold rise in volume. The trader paid about $11.20 for the options on average. The company is coming off ...
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Unusual Options Activity: Aurora Cannabis (ACB)
Cannabis stocks surged in the first half of February, but sank in the second half of the month. At least one trader still sees an uptrend in the space, however. That’s based on the April $15 calls on
Aurora Cannabis (ACB). Shares would need to move 27 percent higher for the trade to move in-the-money, suggesting a big move here. Over 6,475 options traded against a prior interest of 405, for a 16-fold rise in volume. The trade, expiring in 44 days, cost ...
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Aurora Cannabis (ACB). Shares would need to move 27 percent higher for the trade to move in-the-money, suggesting a big move here. Over 6,475 options traded against a prior interest of 405, for a 16-fold rise in volume. The trade, expiring in 44 days, cost ...
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