Unusual Options Activity: Target Corporation (TGT)
Shares of big-box retailer
Target Corporation (TGT) have rallied in the prior weeks. Yesterday, the company reported a strong holiday season with double-digit same-store sales. One trader sees shares moving even higher. That’s based on the July 2021 $230 call options. With shares around $197, it would mean a further 17 percent rally in shares in the next 183 days. Over 2,100 contracts traded against a prior open interest of 147, for a 20-fold rise in volume. The option buyer paid about $5.85 ...
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Target Corporation (TGT) have rallied in the prior weeks. Yesterday, the company reported a strong holiday season with double-digit same-store sales. One trader sees shares moving even higher. That’s based on the July 2021 $230 call options. With shares around $197, it would mean a further 17 percent rally in shares in the next 183 days. Over 2,100 contracts traded against a prior open interest of 147, for a 20-fold rise in volume. The option buyer paid about $5.85 ...
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Unusual Options Activity: General Motors (GM)
Shares of vehicle manufacturer
General Motors (GM) surged higher on Tuesday following the announcement of electric delivery vehicles. At least one trader sees shares moving higher. That’s based on the January 29th $55 calls. With 16 days until expiration and with shares at $48, the trader is betting on shares moving 10 percent higher this month on the news. Over 13,150 contracts traded against a prior open interest of 205, for a 64-fold increase in volume on the trade. The trader paid about ...
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General Motors (GM) surged higher on Tuesday following the announcement of electric delivery vehicles. At least one trader sees shares moving higher. That’s based on the January 29th $55 calls. With 16 days until expiration and with shares at $48, the trader is betting on shares moving 10 percent higher this month on the news. Over 13,150 contracts traded against a prior open interest of 205, for a 64-fold increase in volume on the trade. The trader paid about ...
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Unusual Options Activity: Peloton Interactive (PTON)
Shares of exercise equipment company
Peloton Interactive (PTON) have been a top performer in the past year. At least one trader sees that trend continuing in the first half of 2021 as well. That’s based on the June $165 calls. Expiring in 157 days, over 4,880 contracts traded against an open interest of 181, a 27-fold rise in volume. The trader paid about $24.65 for the calls, which are about 5 percent out-of-the-money. Shares of the company are up nearly ten-fold from ...
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Peloton Interactive (PTON) have been a top performer in the past year. At least one trader sees that trend continuing in the first half of 2021 as well. That’s based on the June $165 calls. Expiring in 157 days, over 4,880 contracts traded against an open interest of 181, a 27-fold rise in volume. The trader paid about $24.65 for the calls, which are about 5 percent out-of-the-money. Shares of the company are up nearly ten-fold from ...
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Unusual Options Activity: Mr. Cooper Group (COOP)
Shares of mortgage finance company
Mr. Cooper Group (COOP) have been in a steady uptrend for several months. Shares have pulled back slightly to start 2021, but one trader sees the uptrend continuing. That’s based on the April 2021 $35 calls. Over 5,500 contracts traded against an open interest of 268, for a 21-fold rise in volume. The option, expiring in 95 days, would move in-the-money if shares rise another $5, or 16 percent. The trader paid $1.30 for the options on average. Thanks ...
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Mr. Cooper Group (COOP) have been in a steady uptrend for several months. Shares have pulled back slightly to start 2021, but one trader sees the uptrend continuing. That’s based on the April 2021 $35 calls. Over 5,500 contracts traded against an open interest of 268, for a 21-fold rise in volume. The option, expiring in 95 days, would move in-the-money if shares rise another $5, or 16 percent. The trader paid $1.30 for the options on average. Thanks ...
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Unusual Options Activity: Wells Fargo (WFC)
Shares of banks are stabilizing after a jump on Wednesday, but at least one trader sees a further move higher in
Wells Fargo (WFC). That’s based on the February 5th $36 call option. Expiring in 28 days, the option saw over 15,700 contracts trade, a 60-fold rise in volume from the prior open interest of 260. The buyer paid $0.81 for the contract. Shares currently trade at $34, so the trader expects another $2 move higher in shares. Wells Fargo has been a ...
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Wells Fargo (WFC). That’s based on the February 5th $36 call option. Expiring in 28 days, the option saw over 15,700 contracts trade, a 60-fold rise in volume from the prior open interest of 260. The buyer paid $0.81 for the contract. Shares currently trade at $34, so the trader expects another $2 move higher in shares. Wells Fargo has been a ...
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Unusual Options Activity: Deutsche Bank (DB)
Shares of banking stocks jumped higher on Tuesday, as control of the U.S. senate looked likely to flip, indicating looser fiscal policy positions ahead. But one trader is expecting the trade to be short-lived for
Deutsche Bank (DB). That’s based on the January 2023 $10 puts. With 733 days until that trade expires, over 1,420 contracts traded against a prior open interest of 122, for a 12-fold rise in volume. The trader paid $1.72 for the contract on average. Shares of Deutsche Bank ...
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Deutsche Bank (DB). That’s based on the January 2023 $10 puts. With 733 days until that trade expires, over 1,420 contracts traded against a prior open interest of 122, for a 12-fold rise in volume. The trader paid $1.72 for the contract on average. Shares of Deutsche Bank ...
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Unusual Options Activity: Micron (MU)
Shares of
Micron (MU) have trended up ahead of the company’s earnings report on Thursday. One trader sees shares continuing to move higher after earnings. That’s based on the February 2021 $85 calls. Over 15,940 contracts traded against a prior open interest of 608, making for a 26-fold rise in volume. The bet, expiring in 45 days, would need to see shares rise 9 percent to move in-the-money. Shares of the chipmaking giant are already at an all-time high after breaking through a ...
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Micron (MU) have trended up ahead of the company’s earnings report on Thursday. One trader sees shares continuing to move higher after earnings. That’s based on the February 2021 $85 calls. Over 15,940 contracts traded against a prior open interest of 608, making for a 26-fold rise in volume. The bet, expiring in 45 days, would need to see shares rise 9 percent to move in-the-money. Shares of the chipmaking giant are already at an all-time high after breaking through a ...
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Unusual Options Activity: American Airlines (AAL)
Shares of
American Airlines (AAL) have outperformed the market in recent months, even with a more recent pullback. News of a Covid vaccine could mean a quick return to air travel. But at least one trader thinks the current move is overdone, and a pullback is likely. That’s based on the August 2021 $12 puts. Expiring in 227 days, and with shares at $15, the trade would move in-the-money on a 20 percent pullback in shares. The option saw over 10,100 contracts trade ...
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American Airlines (AAL) have outperformed the market in recent months, even with a more recent pullback. News of a Covid vaccine could mean a quick return to air travel. But at least one trader thinks the current move is overdone, and a pullback is likely. That’s based on the August 2021 $12 puts. Expiring in 227 days, and with shares at $15, the trade would move in-the-money on a 20 percent pullback in shares. The option saw over 10,100 contracts trade ...
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