Unusual Options Activity: Cameco (CCJ)
Uranium producer
Cameo (CCJ) has been a strong performer this year, with shares up over 75 percent. One trader sees further upside in the coming weeks. That’s based on the December 29 $50 calls. With 43 days until expiration, 31,631 contracts traded compared to a prior open interest of 130, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Shares recently traded for about $44, so they would need to rise ...
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Cameo (CCJ) has been a strong performer this year, with shares up over 75 percent. One trader sees further upside in the coming weeks. That’s based on the December 29 $50 calls. With 43 days until expiration, 31,631 contracts traded compared to a prior open interest of 130, for an 88-fold rise in volume on the trade. The buyer of the calls paid $0.63 to make the bullish bet. Shares recently traded for about $44, so they would need to rise ...
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Unusual Options Activity: C3.ai (AI)
Artificial Intelligence developer
C3.ai (AI) has had a strong year, with shares up over 90 percent. One trader sees the potential for a pullback in the coming weeks. That’s based on the December 1 $22 puts. With 16 days until expiration, 3,521 contracts traded compared to a prior open interest of 101, for a 35-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $27.50, so shares would need ...
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C3.ai (AI) has had a strong year, with shares up over 90 percent. One trader sees the potential for a pullback in the coming weeks. That’s based on the December 1 $22 puts. With 16 days until expiration, 3,521 contracts traded compared to a prior open interest of 101, for a 35-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet. Shares recently traded for about $27.50, so shares would need ...
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Unusual Options Activity: Foot Locker (FL)
Sports apparel chain
Foot Locker (FL) has dropped nearly 40 percent over the past year. One trader is betting on a rebound in shares in the coming weeks. That’s based on the December 15 $22.50 calls. With 31 days until expiration, 8,084 contracts traded compared to a prior open interest of 177, for a 46-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Shares recently traded for about $20.50, so they would ...
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Foot Locker (FL) has dropped nearly 40 percent over the past year. One trader is betting on a rebound in shares in the coming weeks. That’s based on the December 15 $22.50 calls. With 31 days until expiration, 8,084 contracts traded compared to a prior open interest of 177, for a 46-fold rise in volume on the trade. The buyer of the calls paid $1.15 to make the bullish bet. Shares recently traded for about $20.50, so they would ...
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Unusual Options Activity: Seritage Growth Properties (SRG)
Retail real estate investment trust (REIT)
Seritage Growth Properties (SRG), jumped over 15 percent last week following strategic asset sales and strong earnings. One trader sees further upside ahead. That’s based on the January 2024 $9 calls. With 67 days until expiration, 11,839 contracts traded compared to a prior open interest of 270, for a 44-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. Seritage shares recently traded for about $8.65 following earnings, ...
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Seritage Growth Properties (SRG), jumped over 15 percent last week following strategic asset sales and strong earnings. One trader sees further upside ahead. That’s based on the January 2024 $9 calls. With 67 days until expiration, 11,839 contracts traded compared to a prior open interest of 270, for a 44-fold rise in volume on the trade. The buyer of the calls paid $0.45 to make the bullish bet. Seritage shares recently traded for about $8.65 following earnings, ...
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Unusual Options Activity: Robinhood (HOOD)
Internet brokerage firm
Robinhood (HOOD) dropped 15 percent on Wednesday following weak earnings. One trader is betting on shares to rebound from its quarterly report. That’s based on the February 2024 $8 calls. With 98 days until expiration, 4,576 contracts traded compared to a prior open interest of 124, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.08 to make the bullish bet. Shares recently traded for about $8.35, making this a slightly in-the-money trade. Any ...
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Robinhood (HOOD) dropped 15 percent on Wednesday following weak earnings. One trader is betting on shares to rebound from its quarterly report. That’s based on the February 2024 $8 calls. With 98 days until expiration, 4,576 contracts traded compared to a prior open interest of 124, for a 37-fold rise in volume on the trade. The buyer of the calls paid $1.08 to make the bullish bet. Shares recently traded for about $8.35, making this a slightly in-the-money trade. Any ...
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Unusual Options Activity: WestRock Company (WRK)
Packaging and container firm
WestRock Company (WRK) is up 7 percent over the past year, about half as much as the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the December $37.50 calls. With 35 days until expiration, 14,107 contracts traded compared to a prior open interest of 249, for a 57-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. WestRock recently traded right at ...
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WestRock Company (WRK) is up 7 percent over the past year, about half as much as the overall stock market. One trader sees shares trending higher in the coming weeks. That’s based on the December $37.50 calls. With 35 days until expiration, 14,107 contracts traded compared to a prior open interest of 249, for a 57-fold rise in volume on the trade. The buyer of the calls paid $1.95 to make the bullish bet. WestRock recently traded right at ...
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Unusual Options Activity: Marriott International (MAR)
Hotel chain
Marriott International (MAR) is up nearly 30 percent over the past year. One trader is betting that shares will slide in the coming weeks. That’s based on the December 15 $170 puts. With 37 days until expiration, 8,430 contracts traded compared to a prior open interest of 100, for an 84-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Marriott shares recently traded for about $191, so the stock would need ...
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Marriott International (MAR) is up nearly 30 percent over the past year. One trader is betting that shares will slide in the coming weeks. That’s based on the December 15 $170 puts. With 37 days until expiration, 8,430 contracts traded compared to a prior open interest of 100, for an 84-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet. Marriott shares recently traded for about $191, so the stock would need ...
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Unusual Options Activity: Live Nation Entertainment (LYV)
Ticket seller
Live Nation Entertainment (LYV) is up 17 percent over the past year, slightly beating the returns on the S&P 500. One trader sees further gains in the months ahead. That’s based on the January 2024 $92.50 calls. With 72 days until expiration, 3,815 contracts traded compared to a prior open interest of 105, for a 36-fold increase in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Live Nation recently traded for about $85, ...
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Live Nation Entertainment (LYV) is up 17 percent over the past year, slightly beating the returns on the S&P 500. One trader sees further gains in the months ahead. That’s based on the January 2024 $92.50 calls. With 72 days until expiration, 3,815 contracts traded compared to a prior open interest of 105, for a 36-fold increase in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Live Nation recently traded for about $85, ...
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