Unusual Option Activity: Alibaba (BABA)
Chinese e-commerce platform
Alibaba (BABA) is down 15 percent over the past year, as China’s economy has failed to grow faster following the end of its pandemic lockdowns. One trader sees a further decline in the coming weeks. That’s based on the January 26 $69 puts. With 24 days until expiration, 7,091 contracts traded compared to a prior open interest of 239, for a 30-fold rise in volume on the trade. The buyer of the puts paid $0.42 to make the bearish ...
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Alibaba (BABA) is down 15 percent over the past year, as China’s economy has failed to grow faster following the end of its pandemic lockdowns. One trader sees a further decline in the coming weeks. That’s based on the January 26 $69 puts. With 24 days until expiration, 7,091 contracts traded compared to a prior open interest of 239, for a 30-fold rise in volume on the trade. The buyer of the puts paid $0.42 to make the bearish ...
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Unusual Options Activity: Hilton Worldwide Holdings (HLT)
Hotel owner and operator
Hilton Worldwide Holdings (HLT) rose 44 percent in 2023, amid a strong demand for travel and tourism. One trader sees shares continuing to trend higher in the first quarter of 2024. That’s based on the April $175 calls. With 109 days until expiration, 16,003 contracts traded compared to a prior open interest of 270, for a 59-fold rise in volume on the options trade. The buyer of the calls paid $14.70 to make the bullish bet. Hilton recently traded ...
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Hilton Worldwide Holdings (HLT) rose 44 percent in 2023, amid a strong demand for travel and tourism. One trader sees shares continuing to trend higher in the first quarter of 2024. That’s based on the April $175 calls. With 109 days until expiration, 16,003 contracts traded compared to a prior open interest of 270, for a 59-fold rise in volume on the options trade. The buyer of the calls paid $14.70 to make the bullish bet. Hilton recently traded ...
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Unusual Options Activity: Ironwood Pharmaceuticals (IRWD)
Pharmaceutical developer
Ironwood Pharmaceuticals (IRWD) is down 7 percent over the past year, but shares have been trending higher in recent weeks. One trader sees the potential for a big surge in shares in the coming months. That’s based on the April 2024 $15 calls. With 112 days until expiration, 5,172 contracts traded compared to a prior open interest of 158, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.85 to make the bullish bet. Ironwood ...
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Ironwood Pharmaceuticals (IRWD) is down 7 percent over the past year, but shares have been trending higher in recent weeks. One trader sees the potential for a big surge in shares in the coming months. That’s based on the April 2024 $15 calls. With 112 days until expiration, 5,172 contracts traded compared to a prior open interest of 158, for a 33-fold rise in volume on the trade. The buyer of the calls paid $0.85 to make the bullish bet. Ironwood ...
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Unusual Options Activity: Cipher Mining (CIFR)
Bitcoin mining data center operator
Cipher Mining (CIFR) has been on a tear this year, with shares up nearly 700 percent. One trader sees a pullback playing out in the months ahead. That’s based on the June 2024 $2.50 puts. With 176 days until expiration, 3,418 contracts traded compared to a prior open interest of 104, for a 33-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Cipher shares recently traded just over ...
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Cipher Mining (CIFR) has been on a tear this year, with shares up nearly 700 percent. One trader sees a pullback playing out in the months ahead. That’s based on the June 2024 $2.50 puts. With 176 days until expiration, 3,418 contracts traded compared to a prior open interest of 104, for a 33-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Cipher shares recently traded just over ...
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Unusual Options Activity: Aspen Aerogels (ASPN)
Specialty insulation producer
Aspen Aerogels (ASPN) is up 27 percent over the past year, slightly beating out the overall stock market. One trader expects further outperformance in the coming half year. That’s based on the July 19th $22.50 calls. With 204 days until expiration, 7,013 contracts traded compared to a prior open interest of 180, for a 39-fold rise in volume on the trade. The buyer of the calls paid $1.50 to make the bullish bet. Aspen shares recently traded for about $15.50, ...
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Aspen Aerogels (ASPN) is up 27 percent over the past year, slightly beating out the overall stock market. One trader expects further outperformance in the coming half year. That’s based on the July 19th $22.50 calls. With 204 days until expiration, 7,013 contracts traded compared to a prior open interest of 180, for a 39-fold rise in volume on the trade. The buyer of the calls paid $1.50 to make the bullish bet. Aspen shares recently traded for about $15.50, ...
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Unusual Options Activity: Campbell Soup Company (CPB)
Processed food producer
Campbell Soup Company (CPB) has had a rough year, with shares down 25 percent. One trader sees further weakness into the first month of 2024. That’s based on the January 19, 2024 $41 puts. With 24 days until expiration, 3,498 contracts traded compared to a prior open interest of 104, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Shares recently traded near $43, so they would need ...
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Campbell Soup Company (CPB) has had a rough year, with shares down 25 percent. One trader sees further weakness into the first month of 2024. That’s based on the January 19, 2024 $41 puts. With 24 days until expiration, 3,498 contracts traded compared to a prior open interest of 104, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Shares recently traded near $43, so they would need ...
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Unusual Options Activity: Sea Limited (SE)
Asia-based ecommerce platform
Sea Limited (SE) has dropped 30 percent in the last year. One trader is betting on shares to start the year trending higher. That’s based on the January 19, 2024 $42.00 calls. With 25 days until expiration, 6,065 contracts traded compared to a prior open interest of 196, for a 31-fold rise in volume on the trade. The buyer of the calls paid $1.20 to make the bullish bet. Sea Limited recently traded for about $38, so they would ...
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Sea Limited (SE) has dropped 30 percent in the last year. One trader is betting on shares to start the year trending higher. That’s based on the January 19, 2024 $42.00 calls. With 25 days until expiration, 6,065 contracts traded compared to a prior open interest of 196, for a 31-fold rise in volume on the trade. The buyer of the calls paid $1.20 to make the bullish bet. Sea Limited recently traded for about $38, so they would ...
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Unusual Options Activity: SoFi Technologies (SOFI)
Credit service provider
SoFi Technologies (SOFI) has more than doubled in the past year, rebounding from big losses in 2022. One trader sees shares trending lower in the next two years. That’s based on the January 16, 2026 $2 puts. With 756 days until expiration, 10,014 contracts traded compared to a prior open interest of 130, for a 77-fold rise in volume on the trade. The buyer of the puts paid $0.19 to make the bearish bet. Shares recently traded just over $9 ...
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SoFi Technologies (SOFI) has more than doubled in the past year, rebounding from big losses in 2022. One trader sees shares trending lower in the next two years. That’s based on the January 16, 2026 $2 puts. With 756 days until expiration, 10,014 contracts traded compared to a prior open interest of 130, for a 77-fold rise in volume on the trade. The buyer of the puts paid $0.19 to make the bearish bet. Shares recently traded just over $9 ...
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