Unusual Options Activity: United Airlines Holdings (UAL)
Air carrier
United Airlines Holdings (UAL) has been trending higher since October. One trader sees shares hitting an air pocket over the summer. That’s based on the September $46 puts. With 106 days until expiration, 47,599 contracts traded compared to a prior open interest of 306, for a massive 156-fold rise in volume on the trade. The buyer of the puts paid $1.74 to make the bearish bet. UAL recently traded for about $52, so shares would need to drop by $6, or ...
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United Airlines Holdings (UAL) has been trending higher since October. One trader sees shares hitting an air pocket over the summer. That’s based on the September $46 puts. With 106 days until expiration, 47,599 contracts traded compared to a prior open interest of 306, for a massive 156-fold rise in volume on the trade. The buyer of the puts paid $1.74 to make the bearish bet. UAL recently traded for about $52, so shares would need to drop by $6, or ...
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Unusual Options Activity: DraftKings (DKNG)
Sports gaming site
DraftKings (DKNG) is up 39% in the past year, beating the overall returns of the stock market. One trader sees shares trending higher in the coming weeks. That’s based on the July 5 $36 calls. With 30 days until expiration, 11,050 contracts traded compared to a prior open interest of 119, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.57 to make the bullish bet. DraftKings shares recently traded for about $35.50, making ...
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DraftKings (DKNG) is up 39% in the past year, beating the overall returns of the stock market. One trader sees shares trending higher in the coming weeks. That’s based on the July 5 $36 calls. With 30 days until expiration, 11,050 contracts traded compared to a prior open interest of 119, for a 93-fold rise in volume on the trade. The buyer of the calls paid $1.57 to make the bullish bet. DraftKings shares recently traded for about $35.50, making ...
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Unusual Options Activity: Dollar Tree (DLTR)
Discount retailer
Dollar Tree (DLTR) is down 10% over the past year amid a slowdown in consumer spending on goods. One trader sees shares trending lower in the weeks ahead. That’s based on the August $110 puts. With 72 days until expiration, 3,502 contracts traded compared to a prior open interest of 110, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.76 to make the bearish bet. Dollar Tree shares recently traded for about $118, so ...
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Dollar Tree (DLTR) is down 10% over the past year amid a slowdown in consumer spending on goods. One trader sees shares trending lower in the weeks ahead. That’s based on the August $110 puts. With 72 days until expiration, 3,502 contracts traded compared to a prior open interest of 110, for a 32-fold rise in volume on the trade. The buyer of the puts paid $1.76 to make the bearish bet. Dollar Tree shares recently traded for about $118, so ...
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Unusual Options Activity: United Parcel Service (UPS)
Shares of
United Parcel Service (UPS) dropped to a 52-week low last Thursday, and shares are now down 20% over the past year. One trader sees a rebound in the coming weeks. That’s based on the June 21 $136 calls. With 18 days until expiration, 10,588 contracts traded compared to a prior open interest of 109, for a 97-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. UPS recently traded just over $136, ...
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United Parcel Service (UPS) dropped to a 52-week low last Thursday, and shares are now down 20% over the past year. One trader sees a rebound in the coming weeks. That’s based on the June 21 $136 calls. With 18 days until expiration, 10,588 contracts traded compared to a prior open interest of 109, for a 97-fold rise in volume on the trade. The buyer of the calls paid $3.40 to make the bullish bet. UPS recently traded just over $136, ...
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Unusual Options Activity: American Airlines (AAL)
Major U.S. carrier
American Airlines (AAL) slid 15% earlier this week, amid a warning on earnings. One trader sees a further slide over the next six months. That’s based on the November $8 puts. With 168 days until expiration, 47,299 contracts traded compared to a prior open interest of 433, for a massive 109-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. American Airlines shares recently traded for over $11.50. Shares would need ...
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American Airlines (AAL) slid 15% earlier this week, amid a warning on earnings. One trader sees a further slide over the next six months. That’s based on the November $8 puts. With 168 days until expiration, 47,299 contracts traded compared to a prior open interest of 433, for a massive 109-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. American Airlines shares recently traded for over $11.50. Shares would need ...
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Unusual Options Activity: Kinross Gold (KGC)
Gold producer
Kinross Gold (KGC) is soaring along with the price of the metal, with shares up 73% over the past year. One trader sees the stock taking a breather over the next two months. That’s based on the July $8.00 puts. With 50 days until expiration, 4,779 contracts traded compared to a prior open interest of 109, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Kinross shares recently traded ...
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Kinross Gold (KGC) is soaring along with the price of the metal, with shares up 73% over the past year. One trader sees the stock taking a breather over the next two months. That’s based on the July $8.00 puts. With 50 days until expiration, 4,779 contracts traded compared to a prior open interest of 109, for a 44-fold rise in volume on the trade. The buyer of the puts paid $0.35 to make the bearish bet. Kinross shares recently traded ...
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Unusual Options Activity: Workday (WDAY)
Office workflow software giant
Workday (WDAY) is up 6% over the past year, far underperforming the overall market. Shares have been trending lower since late February, and one trader sees that trend continuing in the coming months. That’s based on the July $210 puts. With 51 days until expiration, 11,397 contracts traded compared to a prior open interest of 343, for a 33-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Workday shares ...
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Workday (WDAY) is up 6% over the past year, far underperforming the overall market. Shares have been trending lower since late February, and one trader sees that trend continuing in the coming months. That’s based on the July $210 puts. With 51 days until expiration, 11,397 contracts traded compared to a prior open interest of 343, for a 33-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Workday shares ...
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Unusual Options Activity: Block (SQ)
Digital payment system operator
Block (SQ) is up 14% over the past year, far lagging the overall market, and now in a downtrend. One trader sees shares continuing lower in the months ahead. That’s based on the August $62.50 puts. With 80 days until expiration, 7,482 contracts traded compared to a prior open interest of 119, for a 63-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Block shares recently traded for about ...
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Block (SQ) is up 14% over the past year, far lagging the overall market, and now in a downtrend. One trader sees shares continuing lower in the months ahead. That’s based on the August $62.50 puts. With 80 days until expiration, 7,482 contracts traded compared to a prior open interest of 119, for a 63-fold rise in volume on the trade. The buyer of the puts paid $3.85 to make the bearish bet. Block shares recently traded for about ...
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