Unusual Options Activity: Clean Energy Fuels Corp (CLNE)
Shares of natural gas fuel play
Clean Energy Fuels Corp (CLNE) have been on a tear, more than doubling since early November. At least one trader sees the rally continuing, albeit at a slower rate. That’s based on the January 2022 $10 calls. With shares just under $6, CLNE would need to rally another 70 percent for the trade to move in-the-money. That’s certainly possible in the next 394 days before expiration. Over 4,300 of the contracts traded, a 19-fold rise in volume ...
Read More About This
Clean Energy Fuels Corp (CLNE) have been on a tear, more than doubling since early November. At least one trader sees the rally continuing, albeit at a slower rate. That’s based on the January 2022 $10 calls. With shares just under $6, CLNE would need to rally another 70 percent for the trade to move in-the-money. That’s certainly possible in the next 394 days before expiration. Over 4,300 of the contracts traded, a 19-fold rise in volume ...
Read More About This
Unusual Options Activity: Snap Inc. (SNAP)
Shares of social media company
Snap Inc. (SNAP) have had a strong rally year-to-date. At least one trader sees a pullback in shares by year-end. That’s based on the December 31st $48 puts. With shares trading near $53, they’d need to decline nearly 10 percent for this option to move in-the-money. The buyer paid about $0.45 for the puts. Over 19,970 contracts traded, a 130-fold rise from the prior open interest of 154. This massive rise in volume suggests that shares, which ...
Read More About This
Snap Inc. (SNAP) have had a strong rally year-to-date. At least one trader sees a pullback in shares by year-end. That’s based on the December 31st $48 puts. With shares trading near $53, they’d need to decline nearly 10 percent for this option to move in-the-money. The buyer paid about $0.45 for the puts. Over 19,970 contracts traded, a 130-fold rise from the prior open interest of 154. This massive rise in volume suggests that shares, which ...
Read More About This
Unusual Options Activity: FireEye (FEYE)
Shares of cybersecurity firm
FireEye (FEYE) dropped on news of a massive hack before turning around on Friday. At least one trader sees shares moving even higher. That’s based on the January 2021 $19 calls. With 25 days until expiration, over 21,100 contracts traded, a 121-fold rise in volume from the prior open interest of 174. The trader paid about $0.33 for the contracts. With shares jumping to $19 on Friday, the option has become the at-the-money trade. A 30 percent jump in shares ...
Read More About This
FireEye (FEYE) dropped on news of a massive hack before turning around on Friday. At least one trader sees shares moving even higher. That’s based on the January 2021 $19 calls. With 25 days until expiration, over 21,100 contracts traded, a 121-fold rise in volume from the prior open interest of 174. The trader paid about $0.33 for the contracts. With shares jumping to $19 on Friday, the option has become the at-the-money trade. A 30 percent jump in shares ...
Read More About This
Unusual Options Activity: Citigroup (C)
Shares of megabank
Citigroup (C) have done well in the past few weeks during the last stock market surge. At least one trader sees that uptrend continuing in the next few weeks. That’s based on the January 2021 $63 call options. With 35 days until expiration, and with shares at $60, a 5 percent rally in shares would send the trade in-the-money. The trader paid about $1.54 for the options. The options saw over 2,100 contracts trade against a prior open interest of ...
Read More About This
Citigroup (C) have done well in the past few weeks during the last stock market surge. At least one trader sees that uptrend continuing in the next few weeks. That’s based on the January 2021 $63 call options. With 35 days until expiration, and with shares at $60, a 5 percent rally in shares would send the trade in-the-money. The trader paid about $1.54 for the options. The options saw over 2,100 contracts trade against a prior open interest of ...
Read More About This
Unusual Options Activity: Rigel Pharmaceuticals (RIGL)
Shares of
Rigel Pharmaceuticals (RIGL) have been trending higher in recent weeks. Despite a spike higher in shares yesterday, at least one trader sees even further upside ahead. That’s based on the activity in the January 15th 2021 $3.00 calls. Expiring in 29 days, over 22,770 contacts traded, a 45-fold rise in volume from the prior open interest of 508. The trader paid about $1.00 for the options, which are about $0.50 in-the-money. The company develops small-molecule drugs for autoimmune, viral and cancer-related ...
Read More About This
Rigel Pharmaceuticals (RIGL) have been trending higher in recent weeks. Despite a spike higher in shares yesterday, at least one trader sees even further upside ahead. That’s based on the activity in the January 15th 2021 $3.00 calls. Expiring in 29 days, over 22,770 contacts traded, a 45-fold rise in volume from the prior open interest of 508. The trader paid about $1.00 for the options, which are about $0.50 in-the-money. The company develops small-molecule drugs for autoimmune, viral and cancer-related ...
Read More About This
Unusual Options Activity: AES Corp (AES)
Shares of
AES Corp (AES) have rallied by over 25 percent in the past few months. At least one trader sees the utility company pulling back from these levels. That’s based on the January 15th 2021 $20 puts. Expiring in just 30 days, over 4,050 contracts traded against a prior open interest of 186, for a 22-fold rise in volume. With shares at $21.65, shares would need to fall nearly 8 percent for this trade to move in-the-money. The option buyer paid about ...
Read More About This
AES Corp (AES) have rallied by over 25 percent in the past few months. At least one trader sees the utility company pulling back from these levels. That’s based on the January 15th 2021 $20 puts. Expiring in just 30 days, over 4,050 contracts traded against a prior open interest of 186, for a 22-fold rise in volume. With shares at $21.65, shares would need to fall nearly 8 percent for this trade to move in-the-money. The option buyer paid about ...
Read More About This
Unusual Options Activity: Virgin Galactic (SPCE)
Shares of
Virgin Galactic (SPCE) dropped heavily on Monday, as the company’s latest test flight triggered a failsafe. But at least one trader recognizes that rocket science is complex, and shares will recover. That’s based on the January 8th 2021 $27.50 calls. Expiring 24 days, over 1,400 of the contracts traded hands, a 13-fold increase in volume over the prior open interest of 110. The trader paid about $2.65 for the options. Shares fell to just under $27, making this an at-the-money trade ...
Read More About This
Virgin Galactic (SPCE) dropped heavily on Monday, as the company’s latest test flight triggered a failsafe. But at least one trader recognizes that rocket science is complex, and shares will recover. That’s based on the January 8th 2021 $27.50 calls. Expiring 24 days, over 1,400 of the contracts traded hands, a 13-fold increase in volume over the prior open interest of 110. The trader paid about $2.65 for the options. Shares fell to just under $27, making this an at-the-money trade ...
Read More About This
Unusual Options Activity: Arrowhead Pharmaceuticals (ARWR)
Shares of
Arrowhead Pharmaceuticals (ARWR) have more than doubled since mid-September. With a strong uptrend in place, at least one trader is betting on a further move higher. That’s based on the March 2021 $90 calls. Over 2,100 contracts traded against a prior open interest of 121, for a 17-fold rise in volume. With shares just under $75, they would need to rise another 20 percent by expiration for the option to move in-the-money. The trader paid about $5.40 for the contracts on ...
Read More About This
Arrowhead Pharmaceuticals (ARWR) have more than doubled since mid-September. With a strong uptrend in place, at least one trader is betting on a further move higher. That’s based on the March 2021 $90 calls. Over 2,100 contracts traded against a prior open interest of 121, for a 17-fold rise in volume. With shares just under $75, they would need to rise another 20 percent by expiration for the option to move in-the-money. The trader paid about $5.40 for the contracts on ...
Read More About This
