Unusual Options Activity: Freeport-McMoRan (FCX)
Copper producer
Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for about ...
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Freeport-McMoRan (FCX) just hit a new 52-week high and is up nearly 22% over the past year. One trader sees further upside ahead for shares in the coming weeks. That’s based on the April 26 $57 calls. With 15 days until expiration, 10,570 contracts traded compared to a prior open interest of 112, for a 94-fold rise in volume on the trade. The buyer of the calls paid $0.28 to make the bullish bet. Freeport-McMoRan shares recently traded for about ...
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Unusual Options Activity: Magnachip Semiconductor Corporation (MX)
Korean semiconductor manufacturer
Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, meaning ...
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Magnachip Semiconductor Corporation (MX) has slid 42% in the past year, far underperforming the chip space. One trader sees further downside for shares in the next five months. That’s based on the September $5.00 puts. With 163 days until expiration, 5,001 contracts traded compared to a prior open interest of 125, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Magnachip shares recently traded for about $5.35, meaning ...
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Unusual Option Activity: Nike (NKE)
Sports apparel manufacturer
Nike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would need ...
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Nike (NKE) is down over 25% in the past year, amid a slowdown in earnings. One trader sees shares trending higher in the coming weeks. That’s based on the May 3 $90 calls. With 24 days until expiration, 3,167 contracts traded compared to a prior open interest of 147, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.79 to make the bullish bet. Nike recently traded for about $88.80, so shares would need ...
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Unusual Option Activity: General Electric (GE)
Industrial conglomerate
General Electric (GE) has been on a tear, with shares doubling over the past year. One trader sees further gains ahead. That’s based on the June $160 calls. With 74 days until expiration, 23,168 contracts traded compared to a prior open interest of 104, for a massive 223-fold rise in volume on the trade. The buyer of the calls paid $3.80 to make the bullish bet. GE shares recently traded for about $147, so the stock would need to rise by ...
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General Electric (GE) has been on a tear, with shares doubling over the past year. One trader sees further gains ahead. That’s based on the June $160 calls. With 74 days until expiration, 23,168 contracts traded compared to a prior open interest of 104, for a massive 223-fold rise in volume on the trade. The buyer of the calls paid $3.80 to make the bullish bet. GE shares recently traded for about $147, so the stock would need to rise by ...
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Unusual Options Activity: NextGen Energy (NXE)
Uranium explorer and producer
NextGen Energy (NXE) is up over 130% in the past year thanks to strong demand for the energy source. One trader sees further gains in the next five months. That’s based on the September $11 calls. With 168 days until expiration, 10,173 contracts traded compared to a prior open interest of 159, for a 64-fold rise in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. NextGen shares recently traded for just ...
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NextGen Energy (NXE) is up over 130% in the past year thanks to strong demand for the energy source. One trader sees further gains in the next five months. That’s based on the September $11 calls. With 168 days until expiration, 10,173 contracts traded compared to a prior open interest of 159, for a 64-fold rise in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. NextGen shares recently traded for just ...
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Unusual Options Activity: UiPath (PATH)
Automation software company
UiPath (PATH) is up about in-line with the overall stock market in the last year. One trader sees a pullback ahead for shares. That’s based on the August $15 put options. With 134 days until expiration, 6,406 contracts traded compared to a prior open interest of 102, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.34 to make the bearish bet. UiPath shares recently traded for about $21.50. For the option to move ...
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UiPath (PATH) is up about in-line with the overall stock market in the last year. One trader sees a pullback ahead for shares. That’s based on the August $15 put options. With 134 days until expiration, 6,406 contracts traded compared to a prior open interest of 102, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.34 to make the bearish bet. UiPath shares recently traded for about $21.50. For the option to move ...
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Unusual Options Activity: Conoco Phillips (COP)
Oil and gas major
Conoco Phillips (COP) is up 17% over the past year. One trader sees further upside in the months ahead. That’s based on the June $155 calls. With 79 days until expiration, 11,528 contracts traded compared to a prior open interest of 129, for an 89-fold rise in volume on the trade. The buyer of the calls paid $0.27 to make the bullish bet. Conoco shares recently traded for about $129. Shares would need to rise another $26, or just ...
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Conoco Phillips (COP) is up 17% over the past year. One trader sees further upside in the months ahead. That’s based on the June $155 calls. With 79 days until expiration, 11,528 contracts traded compared to a prior open interest of 129, for an 89-fold rise in volume on the trade. The buyer of the calls paid $0.27 to make the bullish bet. Conoco shares recently traded for about $129. Shares would need to rise another $26, or just ...
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Unusual Options Activity: Plains All American Pipeline (PAA)
Oil and gas pipeline
Plains All American Pipeline (PAA) is up over 40% in the past year, handily beating the overall stock market. One trader sees shares trending higher through 2026. That’s based on the January 2026 $22 calls. With 653 days until expiration, 4,415 contracts traded compared to a prior open interest of 108, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.46 to make the bullish bet. Plains shares recently traded for about $17.50 ...
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Plains All American Pipeline (PAA) is up over 40% in the past year, handily beating the overall stock market. One trader sees shares trending higher through 2026. That’s based on the January 2026 $22 calls. With 653 days until expiration, 4,415 contracts traded compared to a prior open interest of 108, for a 41-fold rise in volume on the trade. The buyer of the calls paid $0.46 to make the bullish bet. Plains shares recently traded for about $17.50 ...
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