Unusual Options Activity

Mortgage REIT AGNC Investment Corp (AGNC) has traded flat over the past year, as interest rates have held steady. One trader sees the potential for shares to rally over the next few weeks. That’s based on the September 13 $10.00 calls. With 31 days until expiration, 10,421 contracts traded compared to a prior open interest of 244, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. AGNC shares trade right ...
Read More About This

Pizza chain Papa John’s International (PZZA) has lost nearly half its value over the past year amid a slowdown in consumer spending on dining. One trader sees further weakness in the months ahead. That’s based on the October $40 puts. With 67 days until expiration, 7,988 contracts traded compared to a prior open interest of 338, for a 24-fold rise in volume on the trade. The buyer of the puts paid $2.15 to make the bearish bet. Papa John’s recently traded for ...
Read More About This

Rideshare company Lyft (LYFT) sank over 17% earlier this week when it reported earnings. Shares are now slightly down for the year, and one trader sees further downside through the end of next year. That’s based on the December 2025 $8 puts. With 497 days until expiration, 45,577 contracts traded compared to a prior open interest of 613, for a 74-fold rise in volume on the trade. The buyer of the puts paid $1.70 to make the bearish bet. Lyft shares recently ...
Read More About This

Capital markets giant Jefferies Financial Group (JEF) is up 49% over the past year, far exceeding the returns on the S&P 500. One trader sees shares pulling back over the coming months. That’s based on the December $50 puts. With 134 days until expiration, 6,000 contracts traded compared to a prior open interest of 186, for a 32-fold rise in volume on the trade. The buyer of the puts paid $2.40 to make the bearish bet. Jefferies shares recently traded for about ...
Read More About This

Regional bank Zions Bancorporation (ZION) is up 23% over the past year, slightly beating out the overall market. One trader sees shares continuing higher over the coming months. That’s based on the October $45 calls. With 72 days until expiration, 6,069 contracts traded compared to a prior open interest of 150, for a 40-fold rise in volume on the trade. The buyer of the calls paid $4.10 to make the bullish bet. Zions shares recently traded for about $46, making these calls ...
Read More About This

Consumer goods company Procter & Gamble (PG) is up 7% over the past year, underperforming the market amid fears of a consumer spending slowdown. One trader is betting on a rally higher in the weeks ahead. That’s based on the August 30 $175 calls. With 24 days until expiration, 15,722 contracts traded compared to a prior open interest of 143, for a 49-fold rise in volume on the trade. The buyer of the calls paid $0.91 to make the bullish bet Procter ...
Read More About This

Offshore oil and gas services company Transocean (RIG) is down over 30% in the past year. One trader is betting shares will stabilize and potentially even head higher through the end of 2026. That’s based on the December 2026 $3.00 calls. With 865 days until expiration, 10,699 contracts traded compared to a prior open interest of 128, for an 84-fold rise in volume on the trade. The buyer of the calls paid $3.15 to make the bullish bet. Transocean shares trade for ...
Read More About This

Electric and gas utility company Public Service Enterprise Group (PEG) is up 23% over the past year. One trader is betting the utility will trend even higher in the second half of the year. That’s based on the December 20 $82.50 calls. With 140 days until expiration, 7,000 contracts traded compared to a prior open interest of 113, for a 62-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. PEG shares recently ...
Read More About This