Unusual Options Activity: Marvell Technology (MRVL)
Semiconductor developer
Marvell Technology (MRVL) is up 21 percent over the past year, beating the S&P 500 by about 6 points. One trader sees further outperformance in the months ahead. That’s based on the March $52.50 calls. With 95 days until expiration, 9,396 contracts traded compared to a prior open interest of 166, for a 57-fold rise in volume on the trade. The buyer of the calls paid $4.50 to make the bullish bet. Marvell recently traded for about $52, so shares would ...
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Marvell Technology (MRVL) is up 21 percent over the past year, beating the S&P 500 by about 6 points. One trader sees further outperformance in the months ahead. That’s based on the March $52.50 calls. With 95 days until expiration, 9,396 contracts traded compared to a prior open interest of 166, for a 57-fold rise in volume on the trade. The buyer of the calls paid $4.50 to make the bullish bet. Marvell recently traded for about $52, so shares would ...
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Unusual Options Activity: Truist Financial Corporation (TFC)
Regional bank
Truist Financial Corporation (TFC) has lost 20 percent of its value over the past year as interest rates have continued to rise. One trader is betting on a move higher in the coming months. That’s based on the February 16, 2024 $35 calls. With 70 days until expiration, 10,205 contracts traded compared to a prior open interest of 176, for a 58-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Truist ...
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Truist Financial Corporation (TFC) has lost 20 percent of its value over the past year as interest rates have continued to rise. One trader is betting on a move higher in the coming months. That’s based on the February 16, 2024 $35 calls. With 70 days until expiration, 10,205 contracts traded compared to a prior open interest of 176, for a 58-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Truist ...
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Unusual Options Activity: Robinhood Markets (HOOD)
Investment platform
Robinhood Markets (HOOD) is flat over the past year. Trading volume remains well off the prior bull market peak. However, one trader does see shares heading higher through the end of the year. That’s based on the December 29 $13 calls. With 22 days until expiration, 3,711 contracts traded compared to a prior open interest of 133, for a 28-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Robinhood recently traded ...
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Robinhood Markets (HOOD) is flat over the past year. Trading volume remains well off the prior bull market peak. However, one trader does see shares heading higher through the end of the year. That’s based on the December 29 $13 calls. With 22 days until expiration, 3,711 contracts traded compared to a prior open interest of 133, for a 28-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Robinhood recently traded ...
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Unusual Options Activity: Shopify (SHOP)
Commerce platform
Shopify (SHOP) has had a banner year, returning 81 percent, far outpacing the 15 percent return in the S&P 500. One trader sees a pullback in the coming weeks. That’s based on the December 29 $62 puts. With 23 days until expiration, 4,387 contracts traded compared to a prior open interest of 135, for a 33-fold rise in volume on the trade. The buyer of the pus paid $0.30 to make the bearish bet. Shopify recently traded for about $72, so ...
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Shopify (SHOP) has had a banner year, returning 81 percent, far outpacing the 15 percent return in the S&P 500. One trader sees a pullback in the coming weeks. That’s based on the December 29 $62 puts. With 23 days until expiration, 4,387 contracts traded compared to a prior open interest of 135, for a 33-fold rise in volume on the trade. The buyer of the pus paid $0.30 to make the bearish bet. Shopify recently traded for about $72, so ...
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Unusual Options Activity: 1-800-FLOWERS.COM (FLWS)
Online floral delivery company
1-800-FLOWERS.COM (FLWS) is down 4 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the January 19 $10 calls. With 45 days until expiration, 5,094 contracts traded compared to a prior open interest of 113, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. FLWS recently traded just over $9, so shares would need to rise about $1, ...
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1-800-FLOWERS.COM (FLWS) is down 4 percent over the past year. One trader sees shares trending higher in the coming weeks. That’s based on the January 19 $10 calls. With 45 days until expiration, 5,094 contracts traded compared to a prior open interest of 113, for a 45-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. FLWS recently traded just over $9, so shares would need to rise about $1, ...
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Unusual Options Activity: Chewy (CHWY)
E-commerce pet supply retailer
Chewy (CHWY) has been out of favor with the market in the past year, with shares down 60 percent. One trader sees a potential recovery in the first half of 2024. That’s based on the July $30 calls. With 227 days until expiration, 5,500 contracts traded compared to a prior open interest of 161, for a 34-fold rise in volume on the trade. The buyer of the calls paid $1.00 to make the bullish bet. Chewy shares recently traded ...
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Chewy (CHWY) has been out of favor with the market in the past year, with shares down 60 percent. One trader sees a potential recovery in the first half of 2024. That’s based on the July $30 calls. With 227 days until expiration, 5,500 contracts traded compared to a prior open interest of 161, for a 34-fold rise in volume on the trade. The buyer of the calls paid $1.00 to make the bullish bet. Chewy shares recently traded ...
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Unusual Options Activity: General Motors (GM)
Automobile producer
General Motors (GM) jumped nearly 10 percent on Wednesday, on news that they were undertaking a large share buyback. One trader sees the potential for shares to trade flat or lower from here instead. That’s based on the June 2024 $32 puts. With 217 days until expiration, 8,276 contracts traded compared to a prior open interest of 219, for a 38-fold rise in volume on the trade. The buyer of the puts paid $2.70 to make the bearish bet. General Motors ...
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General Motors (GM) jumped nearly 10 percent on Wednesday, on news that they were undertaking a large share buyback. One trader sees the potential for shares to trade flat or lower from here instead. That’s based on the June 2024 $32 puts. With 217 days until expiration, 8,276 contracts traded compared to a prior open interest of 219, for a 38-fold rise in volume on the trade. The buyer of the puts paid $2.70 to make the bearish bet. General Motors ...
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Unusual Options Activity: Amazon (AMZN)
Tech giant
Amazon (AMZN) is up about 60 percent over the past year, and the company is holding up well as retail is showing signs of strength this holiday season. However, one trader is betting shares may be done moving higher. That’s based on the February $180 puts. With 78 days until expiration, 3,864 contracts traded compared to a prior open interest of 104, for a 37-fold rise in volume on the trade. The buyer of the puts paid $32.65. Amazon shares recently ...
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Amazon (AMZN) is up about 60 percent over the past year, and the company is holding up well as retail is showing signs of strength this holiday season. However, one trader is betting shares may be done moving higher. That’s based on the February $180 puts. With 78 days until expiration, 3,864 contracts traded compared to a prior open interest of 104, for a 37-fold rise in volume on the trade. The buyer of the puts paid $32.65. Amazon shares recently ...
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