Unusual Options Activity: NIO Limited (NIO)
Shares of electric vehicle play
NIO Limited (NIO) have had massive returns this year. However, shares have started to slide in recent sessions. One trader sees the possibility of a further decline. That’s based on the May 2021 $36 puts. Over 2,125 of the contracts traded hands, a 13-fold rise in volume from the prior open interest of 179. With shares trading near $44.50, the option would move in-the-money if shares dropped about 20 percent from their current price. The trader paid about ...
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NIO Limited (NIO) have had massive returns this year. However, shares have started to slide in recent sessions. One trader sees the possibility of a further decline. That’s based on the May 2021 $36 puts. Over 2,125 of the contracts traded hands, a 13-fold rise in volume from the prior open interest of 179. With shares trading near $44.50, the option would move in-the-money if shares dropped about 20 percent from their current price. The trader paid about ...
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Unusual Options Activity: Apple (AAPL)
Shares of consumer tech giant
Apple (AAPL) have been rising in recent sessions, but are still well under the all-time high set in early September. One trader sees the current rally ending. That’s based on the January 8th 2021 $125 put options, expiring 29 days from now. Over 8,185 of the contracts traded hands, a 21-fold rise in volume over the prior open interest of 388. The option is at-the-money, with shares trading just a hair under $125. The option buyer paid about ...
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Apple (AAPL) have been rising in recent sessions, but are still well under the all-time high set in early September. One trader sees the current rally ending. That’s based on the January 8th 2021 $125 put options, expiring 29 days from now. Over 8,185 of the contracts traded hands, a 21-fold rise in volume over the prior open interest of 388. The option is at-the-money, with shares trading just a hair under $125. The option buyer paid about ...
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Unusual Options Activity: Uber Technologies (UBER)
Shares of rideshare giant
Uber Technologies (UBER) have shaken off a pandemic-driven drop to rally to all-time highs in recent weeks. One trader sees shares moving even higher. That’s based on the activity in the January 2023 $75 calls. Over 2,550 contracts traded against a prior open interest of 148, for a 17-fold rise in volume. Expiring in 772 days, shares would need to rise about 40 percent to move in-the-money. The trader paid about $8.70 for the contracts. To make a ...
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Uber Technologies (UBER) have shaken off a pandemic-driven drop to rally to all-time highs in recent weeks. One trader sees shares moving even higher. That’s based on the activity in the January 2023 $75 calls. Over 2,550 contracts traded against a prior open interest of 148, for a 17-fold rise in volume. Expiring in 772 days, shares would need to rise about 40 percent to move in-the-money. The trader paid about $8.70 for the contracts. To make a ...
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Unusual Options Activity: Cameco (CCJ)
Shares of uranium mining giant
Cameco (CCJ) have risen in recent sessions. At least one trader expects that uptrend to continue. That’s based on the July 2021 $20 call options. Those options saw over 3,230 contracts trade recently, a 20-fold rise in volume from the prior open interest of 161. Expiring in 220 days, the options would move in-the-money if shares rose about 70 percent higher from their current price near $11.70. The trader paid $0.34 to make the trade. Shares have traded ...
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Cameco (CCJ) have risen in recent sessions. At least one trader expects that uptrend to continue. That’s based on the July 2021 $20 call options. Those options saw over 3,230 contracts trade recently, a 20-fold rise in volume from the prior open interest of 161. Expiring in 220 days, the options would move in-the-money if shares rose about 70 percent higher from their current price near $11.70. The trader paid $0.34 to make the trade. Shares have traded ...
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Unusual Options Activity: Micron Technology (MU)
Shares of semiconductor giant
Micron Technology (MU) have been soaring higher in recent weeks. Traders expect the trend to continue. The April 2021 $77.50 call option just saw over 8,450 contracts trade, against a prior open interest of 196. That’s a 43-fold rise in volume. The trader is betting that shares will rally another $4 from their current price near $73.50 in the next 130 days. The trader paid about $6.75 for the options. Over the past few years, shares of Micron have ...
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Micron Technology (MU) have been soaring higher in recent weeks. Traders expect the trend to continue. The April 2021 $77.50 call option just saw over 8,450 contracts trade, against a prior open interest of 196. That’s a 43-fold rise in volume. The trader is betting that shares will rally another $4 from their current price near $73.50 in the next 130 days. The trader paid about $6.75 for the options. Over the past few years, shares of Micron have ...
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Unusual Options Activity: Under Armour (UAA)
Shares of athletic apparel firm
Under Armour (UAA) have been part of the market’s uptrend in the past few weeks. One trader sees shares continuing even higher. That’s based on the January 8th 2021 $17 call option. Over 14,110 contracts have traded, a 140-fold rise in volume from the prior open interest of 101. Expiring in just 35 days, the buyer paid $0.95 for the contracts, which will move in-the-money if shares move just 30 cents higher. Adding in what the buyer paid, ...
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Under Armour (UAA) have been part of the market’s uptrend in the past few weeks. One trader sees shares continuing even higher. That’s based on the January 8th 2021 $17 call option. Over 14,110 contracts have traded, a 140-fold rise in volume from the prior open interest of 101. Expiring in just 35 days, the buyer paid $0.95 for the contracts, which will move in-the-money if shares move just 30 cents higher. Adding in what the buyer paid, ...
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Unusual Options Activity: Uber (UBER)
Ride sharing giant
Uber (UBER) had a great month in November. Legislation in California to classify contractors as employees failed, and shares rallied. One trader sees shares moving even higher. That’s based on the December 24th $60 calls. Over 2,770 contracts traded against a prior open interest of 153, for an 18-fold rise in volume. The trader paid about $0.32 for the option, which expires in 21 days. With shares near an all-time high at $51, it will take another 17.6 percent ...
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Uber (UBER) had a great month in November. Legislation in California to classify contractors as employees failed, and shares rallied. One trader sees shares moving even higher. That’s based on the December 24th $60 calls. Over 2,770 contracts traded against a prior open interest of 153, for an 18-fold rise in volume. The trader paid about $0.32 for the option, which expires in 21 days. With shares near an all-time high at $51, it will take another 17.6 percent ...
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Unusual Options Activity: Vale (VALE)
International mining giant
Vale (VALE) has fared well this year as a recovering global economy has increased demand for raw commodities. One trader sees this playing out even further. The March 2021 $18 calls just saw 17,700 contracts trade against a prior open interest of 788, for a 22-fold rise in volume. The trade, expiring in 107 days, is that shares will move nearly $3 per share higher, or about 17 percent. The trader paid $0.51. Based in Brazil, Vale is best known ...
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Vale (VALE) has fared well this year as a recovering global economy has increased demand for raw commodities. One trader sees this playing out even further. The March 2021 $18 calls just saw 17,700 contracts trade against a prior open interest of 788, for a 22-fold rise in volume. The trade, expiring in 107 days, is that shares will move nearly $3 per share higher, or about 17 percent. The trader paid $0.51. Based in Brazil, Vale is best known ...
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