Unusual Options Activity: Dominion Energy (D)
Utility company
Dominion Energy (D) is down over 22 percent this year, as rising interest rates have hit interest-rate sensitive stocks hard. Shares have started to move higher, and one trader sees a continued rally higher in the months ahead. That’s based on the April 2024 $52.50 calls. With 142 days until expiration, 10,001 contracts traded compared to a prior open interest of 274, for a 37-fold rise in volume on the trade. The buyer of the calls paid $0.70. Dominion shares recently ...
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Dominion Energy (D) is down over 22 percent this year, as rising interest rates have hit interest-rate sensitive stocks hard. Shares have started to move higher, and one trader sees a continued rally higher in the months ahead. That’s based on the April 2024 $52.50 calls. With 142 days until expiration, 10,001 contracts traded compared to a prior open interest of 274, for a 37-fold rise in volume on the trade. The buyer of the calls paid $0.70. Dominion shares recently ...
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Unusual Options Activity: Papa John’s International (PZZA)
Pizza chain
Papa John’s International (PZZA) is down 20 percent over the past year, and shares trade near their 52-week low. However, one trader sees the possibility for a sizeable jump higher in the coming weeks. That’s based on the December 15 $72.50 calls. With 16 days until expiration, 3,512 contracts traded compared to a prior open interest of 105, for a 33-fold rise in volume on the options trade. The buyer of the calls paid $0.45 to make the bullish bet. Papa ...
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Papa John’s International (PZZA) is down 20 percent over the past year, and shares trade near their 52-week low. However, one trader sees the possibility for a sizeable jump higher in the coming weeks. That’s based on the December 15 $72.50 calls. With 16 days until expiration, 3,512 contracts traded compared to a prior open interest of 105, for a 33-fold rise in volume on the options trade. The buyer of the calls paid $0.45 to make the bullish bet. Papa ...
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Unusual Options Activity: McEwen Mining (MUX)
Gold mining and exploration company
McEwen Mining (MUX) has seen shares rally 34 percent in the past year, nearly triple the return on the S&P 500. One trader is betting on a further rally in the next few months. That’s based on the February $8 calls. With 81 days until expiration, 22,960 contracts traded compared to a prior open interest of 226, for a 102-fold jump in volume on the trade. The buyer of the calls paid $0.50 to make the bullish ...
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McEwen Mining (MUX) has seen shares rally 34 percent in the past year, nearly triple the return on the S&P 500. One trader is betting on a further rally in the next few months. That’s based on the February $8 calls. With 81 days until expiration, 22,960 contracts traded compared to a prior open interest of 226, for a 102-fold jump in volume on the trade. The buyer of the calls paid $0.50 to make the bullish ...
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Unusual Options Activity: Petroleo Brasileiro (PBR)
Oil giant
Petroleo Brasileiro (PBR) has had a strong year, with shares rallying nearly 60 percent. One trader sees further upside ahead for shares. That’s based on the June 2024 $10 calls. With 209 days until expiration, 10,016 contracts traded compared to a prior open interest of 303, for a 33-fold increase in volume on the trade. The buyer of the calls paid $5.95 to make the bullish bet. Shares recently traded for about $15.85, making this option about $5.80 in-the-money, and leaving ...
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Petroleo Brasileiro (PBR) has had a strong year, with shares rallying nearly 60 percent. One trader sees further upside ahead for shares. That’s based on the June 2024 $10 calls. With 209 days until expiration, 10,016 contracts traded compared to a prior open interest of 303, for a 33-fold increase in volume on the trade. The buyer of the calls paid $5.95 to make the bullish bet. Shares recently traded for about $15.85, making this option about $5.80 in-the-money, and leaving ...
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Unusual Options Activity: Citigroup (C)
Wall Street megabank
Citigroup (C) is down 8 percent over the past year, as higher interest rates and a slowdown in financial activity have hit the bottom line. One trader sees shares trending lower. That’s based on the January 2024 $55 puts. With 57 days until expiration, 7,140 contracts traded compared to a prior open interest of 172, for a 42-fold rise in volume on the trade. The buyer pf the puts paid $9.85 to make the bullish bet. Citigroup shares recently traded ...
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Citigroup (C) is down 8 percent over the past year, as higher interest rates and a slowdown in financial activity have hit the bottom line. One trader sees shares trending lower. That’s based on the January 2024 $55 puts. With 57 days until expiration, 7,140 contracts traded compared to a prior open interest of 172, for a 42-fold rise in volume on the trade. The buyer pf the puts paid $9.85 to make the bullish bet. Citigroup shares recently traded ...
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Unusual Options Activity: Morgan Stanley (MS)
Wall Street megabank
Morgan Stanley (MS) is down nearly 10 percent over the past year, as financial stocks have been hit by rising interest rates. One trader is betting on a bounce higher in the coming months. That’s based on the February 2024 $87.50 calls. With 86 days until expiration, 25,470 contracts traded compared to a prior open interest of 201, for a 127-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Morgan ...
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Morgan Stanley (MS) is down nearly 10 percent over the past year, as financial stocks have been hit by rising interest rates. One trader is betting on a bounce higher in the coming months. That’s based on the February 2024 $87.50 calls. With 86 days until expiration, 25,470 contracts traded compared to a prior open interest of 201, for a 127-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Morgan ...
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Unusual Options Activity: Phillips 66 (PSX)
Oil and gas producer
Phillips 66 (PSX) has underperformed the market over the past year, returning just 6 percent. One trader sees the potential for a move higher. That’s based on the February $135 calls. With 86 days until expiration, 11,002 contracts traded compared to a prior open interest of 161, for a 68-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Phillips 66 recently traded for just over $116, so they would ...
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Phillips 66 (PSX) has underperformed the market over the past year, returning just 6 percent. One trader sees the potential for a move higher. That’s based on the February $135 calls. With 86 days until expiration, 11,002 contracts traded compared to a prior open interest of 161, for a 68-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Phillips 66 recently traded for just over $116, so they would ...
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Unusual Options Activity: Fisker (FSR)
Electric vehicle manufacturer
Fisker (FSR) is down 60 percent over the past year, as demand for new cars has slowed. One trader sees further downside in the weeks ahead. That’s based on the December 15 $2 puts. With 24 days until expiration, 18,694 contracts traded compared to a prior open of 146, for a massive 128-fold rise in volume on the trade. The buyer of the puts paid $0.10 to make the bearish bet. Shares recently traded just under $3, so would need ...
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Fisker (FSR) is down 60 percent over the past year, as demand for new cars has slowed. One trader sees further downside in the weeks ahead. That’s based on the December 15 $2 puts. With 24 days until expiration, 18,694 contracts traded compared to a prior open of 146, for a massive 128-fold rise in volume on the trade. The buyer of the puts paid $0.10 to make the bearish bet. Shares recently traded just under $3, so would need ...
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