Unusual Option Activity: Starbucks (SBUX)
Beverage chain giant
Starbucks (SBUX) has been a market laggard with an 11 percent decline over the past year. However, shares have been prone to popping during earnings season. One trader is betting that will happen when the company reports next week. That’s based on the February 2 $99 calls. With 9 days until expiration, 19,216 contracts traded compared to a prior open interest of 235, for an 82-fold rise in volume. The buyer of the calls paid $0.95. Starbucks shares recently traded ...
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Starbucks (SBUX) has been a market laggard with an 11 percent decline over the past year. However, shares have been prone to popping during earnings season. One trader is betting that will happen when the company reports next week. That’s based on the February 2 $99 calls. With 9 days until expiration, 19,216 contracts traded compared to a prior open interest of 235, for an 82-fold rise in volume. The buyer of the calls paid $0.95. Starbucks shares recently traded ...
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Unusual Option Activity: Transocean (RIG)
Offshore drilling service provider
Transocean (RIG) is down 10 percent over the past year, amid a decline in energy prices. One trader sees a rebound in the months ahead. That’s based on the August $6 calls. With 205 days until expiration, 11,794 contracts traded compared to a prior open interest of 205, for a 58-fold rise in volume on the trade. The buyer of the calls paid $0.64 to make the bullish bet. Transocean recently traded for about $5.30, so shares would need ...
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Transocean (RIG) is down 10 percent over the past year, amid a decline in energy prices. One trader sees a rebound in the months ahead. That’s based on the August $6 calls. With 205 days until expiration, 11,794 contracts traded compared to a prior open interest of 205, for a 58-fold rise in volume on the trade. The buyer of the calls paid $0.64 to make the bullish bet. Transocean recently traded for about $5.30, so shares would need ...
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Unusual Option Activity: Pfizer (PFE)
Drug manufacturer
Pfizer (PFE) has been in a steady downtrend for the past year. One trader is betting that downtrend will continue in the coming weeks. That’s based on the February 23 $26 puts. With 31 days until expiration, 14,207 contracts traded compared to a prior open interest of 154, for a 92-fold rise in volume on the trade. The buyer of the puts paid $0.28 to make the bearish bet. Pfizer shares recently traded for about $28, so they would need to ...
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Pfizer (PFE) has been in a steady downtrend for the past year. One trader is betting that downtrend will continue in the coming weeks. That’s based on the February 23 $26 puts. With 31 days until expiration, 14,207 contracts traded compared to a prior open interest of 154, for a 92-fold rise in volume on the trade. The buyer of the puts paid $0.28 to make the bearish bet. Pfizer shares recently traded for about $28, so they would need to ...
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Unusual Option Activity: Rio Tinto Group (RIO)
Mineral miner
Rio Tinto Group (RIO) has lagged the market, losing 10 percent over the past year and sliding in recent weeks. However, one trader sees the potential for a rebound in the coming months. That’s based on the June $65 calls. With 153 days until expiration, 8,337 contracts traded compared to a prior open interest of 122, for a 68-fold rise in volume on the trade. The buyer of the calls paid $5.70 to make the bullish bet. Rio Tinto shares recently ...
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Rio Tinto Group (RIO) has lagged the market, losing 10 percent over the past year and sliding in recent weeks. However, one trader sees the potential for a rebound in the coming months. That’s based on the June $65 calls. With 153 days until expiration, 8,337 contracts traded compared to a prior open interest of 122, for a 68-fold rise in volume on the trade. The buyer of the calls paid $5.70 to make the bullish bet. Rio Tinto shares recently ...
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Unusual Option Activity: Denison Mines (DNN)
Uranium producer
Denison Mines (DNN) handily beat the market over the past year, gaining 52 percent. One trader sees shares trending higher in the months ahead. That’s based on the July $2.50 calls. With 182 days until expiration, 28,597 contracts traded compared to a prior open interest of 242, for a massive 118-fold rise in volume on the option trade. The buyer of the calls paid $0.25 to make the bullish bet. Denison shares recently traded for about $2, so the stock would ...
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Denison Mines (DNN) handily beat the market over the past year, gaining 52 percent. One trader sees shares trending higher in the months ahead. That’s based on the July $2.50 calls. With 182 days until expiration, 28,597 contracts traded compared to a prior open interest of 242, for a massive 118-fold rise in volume on the option trade. The buyer of the calls paid $0.25 to make the bullish bet. Denison shares recently traded for about $2, so the stock would ...
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Unusual Option Activity: Bank of America (BAC)
Wall Street megabank
Bank of America (BAC) recently reported earnings. The market didn’t care too much for them, and one trader is now betting that shares will trend lower in the coming weeks. That’s based on the February 9 $31 puts. With 22 days until expiration, 11,249 contracts traded compared to a prior open interest of 178, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. Bank of America recently traded ...
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Bank of America (BAC) recently reported earnings. The market didn’t care too much for them, and one trader is now betting that shares will trend lower in the coming weeks. That’s based on the February 9 $31 puts. With 22 days until expiration, 11,249 contracts traded compared to a prior open interest of 178, for a 63-fold rise in volume on the trade. The buyer of the puts paid $0.18 to make the bearish bet. Bank of America recently traded ...
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Unusual Option Activity: United Parcel Service (UPS)
Freight and logistics company
United Parcel Service (UPS) is down 12 percent over the last year as consumer spending on goods has slowed. One trader sees shares trending higher in the coming weeks. That’s based on the February 9 $170 calls. With 23 days until expiration, 4,416 contracts traded compared to a prior open interest of 231, for a 19-fold rise in volume on the trade. The buyer of the calls paid $1.85 to make the bullish bet. UPS shares recently traded for ...
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United Parcel Service (UPS) is down 12 percent over the last year as consumer spending on goods has slowed. One trader sees shares trending higher in the coming weeks. That’s based on the February 9 $170 calls. With 23 days until expiration, 4,416 contracts traded compared to a prior open interest of 231, for a 19-fold rise in volume on the trade. The buyer of the calls paid $1.85 to make the bullish bet. UPS shares recently traded for ...
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Unusual Option Activity: Dollar Tree (DLTR)
Discount store chain
Dollar Tree (DLTR) is down 6 percent over the past year, as the dollar store space has struggled with low margins. One trader sees further downside ahead. That’s based on the June 2024 $80 puts. With 157 days until expiration, 7,603 contracts traded compared to a prior open interest of 124, for a 61-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Dollar Tree shares recently traded for about $135, ...
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Dollar Tree (DLTR) is down 6 percent over the past year, as the dollar store space has struggled with low margins. One trader sees further downside ahead. That’s based on the June 2024 $80 puts. With 157 days until expiration, 7,603 contracts traded compared to a prior open interest of 124, for a 61-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Dollar Tree shares recently traded for about $135, ...
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