Unusual Options Activity: Frontier Communications Parent (FYBR)
Telecom provider
Frontier Communications Parent (FYBR) is down 17 percent over the past year as the telecom space has been a poorly-performing part of the market. One trader sees further downside ahead. That’s based on the May $22.50 puts. With 80 days left until expiration, 10,530 contracts traded compared to a prior open interest of 295, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.50 to make the bearish bet. Frontier shares recently traded for about ...
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Frontier Communications Parent (FYBR) is down 17 percent over the past year as the telecom space has been a poorly-performing part of the market. One trader sees further downside ahead. That’s based on the May $22.50 puts. With 80 days left until expiration, 10,530 contracts traded compared to a prior open interest of 295, for a 36-fold rise in volume on the trade. The buyer of the puts paid $2.50 to make the bearish bet. Frontier shares recently traded for about ...
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Unusual Options Activity: Rivian Automotive (RIVN)
Electric vehicle manufacturer
Rivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, meaning ...
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Rivian Automotive (RIVN) saw shares sink 25 percent last week following earnings. One trader is betting that the drop was an overreaction and shares will trend higher. That’s based on the April $12.50 calls. With 52 days until expiration, 7,784 contracts traded compared to a prior open interest of 173, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Rivian shares slid to about $11.50 after earnings, meaning ...
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Unusual Options Activity: Morgan Stanley (MS)
Wall Street megabank
Morgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded for ...
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Morgan Stanley (MS) has been trending higher in recent months, but is still down 12 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the March $88 calls. With 21 days until expiration, 5,093 contracts traded compared to a prior open interest of 147, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.98 to make the bullish bet. Morgan Stanley shares recently traded for ...
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Unusual Options Activity: Realty Income (O)
Real estate property owner and operator
Realty Income (O), is down 20 percent over the past year as rising interest rates and concern over retail real estate have weighed on shares. One trader sees shares trending higher in the coming weeks. That’s based on the April $55 calls. With 56 days until expiration, 3,612 contracts traded compared to a prior open interest of 139, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.78. Realty Income shares ...
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Realty Income (O), is down 20 percent over the past year as rising interest rates and concern over retail real estate have weighed on shares. One trader sees shares trending higher in the coming weeks. That’s based on the April $55 calls. With 56 days until expiration, 3,612 contracts traded compared to a prior open interest of 139, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.78. Realty Income shares ...
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Unusual Options Activity: Chesapeake Energy (CHK)
Oil and gas production company
Chesapeake Energy (CHK) has traded flat over the past year. One trader is betting shares will trend lower in the coming weeks. That’s based on the March $72.50 puts. With 22 days until expiration, 4,594 contracts traded compared to a prior open interest of 112, for a 41-fold rise in volume on the trade. The buyer of the puts paid $0.70 to make the bearish bet. Chesapeake Energy shares recently traded for about $79, so shares would ...
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Chesapeake Energy (CHK) has traded flat over the past year. One trader is betting shares will trend lower in the coming weeks. That’s based on the March $72.50 puts. With 22 days until expiration, 4,594 contracts traded compared to a prior open interest of 112, for a 41-fold rise in volume on the trade. The buyer of the puts paid $0.70 to make the bearish bet. Chesapeake Energy shares recently traded for about $79, so shares would ...
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Unusual Options Activity: Antero Resources (AR)
Oil and gas exploration firm
Antero Resources (AR) is down 23 percent over the past year, as energy prices have been trending lower. One trader sees further downside in the coming weeks. That’s based on the April 2024 $22 puts. With 58 days until expiration, 6,411 contracts traded compared to a prior open interest of 141, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.96 to make the bearish bet. Antero shares recently traded around $23.50, ...
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Antero Resources (AR) is down 23 percent over the past year, as energy prices have been trending lower. One trader sees further downside in the coming weeks. That’s based on the April 2024 $22 puts. With 58 days until expiration, 6,411 contracts traded compared to a prior open interest of 141, for a 45-fold rise in volume on the trade. The buyer of the puts paid $0.96 to make the bearish bet. Antero shares recently traded around $23.50, ...
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Unusual Option Activity: Carvana (CVNA)
Used car e-commerce firm
Carvana (CVNA) is up nearly 400 percent over the past year. One trader is betting on a further rally ahead. That’s based on the May $45 calls. With 87 days until expiration, 21,757 contracts traded compared to a prior open interest of 296, for a 74-fold rise in volume on the trade. The buyer of the calls paid $18.37 to make the bullish bet. Carvana recently traded for just under $58, meaning the options are nearly $13 in-the-money already ...
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Carvana (CVNA) is up nearly 400 percent over the past year. One trader is betting on a further rally ahead. That’s based on the May $45 calls. With 87 days until expiration, 21,757 contracts traded compared to a prior open interest of 296, for a 74-fold rise in volume on the trade. The buyer of the calls paid $18.37 to make the bullish bet. Carvana recently traded for just under $58, meaning the options are nearly $13 in-the-money already ...
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Unusual Option Activity: Lyft (LYFT)
Ride-sharing company
Lyft (LYFT) soared 35 percent on Wednesday after the company reported a major earnings beat. One trader is betting that shares will pull back from that extreme move in the coming months. That’s based on the April $16 puts. With 62 days until expiration, 24,164 contracts traded compared to a prior open interest of 356, for a 68-fold rise in volume on the trade. The buyer of the puts paid $1.40 to make the bullish bet. Lyft shares recently traded just ...
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Lyft (LYFT) soared 35 percent on Wednesday after the company reported a major earnings beat. One trader is betting that shares will pull back from that extreme move in the coming months. That’s based on the April $16 puts. With 62 days until expiration, 24,164 contracts traded compared to a prior open interest of 356, for a 68-fold rise in volume on the trade. The buyer of the puts paid $1.40 to make the bullish bet. Lyft shares recently traded just ...
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