Unusual Options Activity: DoorDash (DASH)
Food delivery service
DoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 in-the-money ...
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DoorDash (DASH) soared last week following a strong earnings report. One trader expects shares to trend higher in the months ahead. That’s based on the February 2024 $70 calls. With 102 days until expiration, 52,015 contracts traded compared to a prior open interest of 165, for a massive 315-fold jump in volume on the trade. The buyer of the calls paid $21.25 to make the bullish bet. DoorDash jumped to over $87.50 after earnings, making the calls about $17.50 in-the-money ...
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Unusual Options Activity: V.F. Corporation (VFC)
Apparel manufacturing firm
V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the stock ...
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V.F. Corporation (VFC) is down nearly 50 percent over the past year. One trader sees the weakness in shares continuing throughout the next year. That’s based on the January 2025 $10 puts. With 441 days until expiration, 40,812 contracts traded compared to a prior open interest of 258, for a massive 158-fold rise in volume on the trade. The buyer of the puts paid $1.35 to make the bearish bet. VFC shares recently traded for about $13, so the stock ...
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Unusual Options Activity: JetBlue (JBLU)
Airline carrier
JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of
Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the bullish bet. Shares ...
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JetBlue (JBLU) is down nearly 50 percent over the past year, as the carrier has been working on the acquisition of
Spirit Airlines (SAVE). One trader sees shares trending higher into the start of next year. That’s based on the January 2024 $4.00 calls. With 78 days until expiration, 42,989 contracts traded compared to a prior open interest of 526, for an 82-fold rise in volume on the trade. The buyer of the calls paid $0.49 to make the bullish bet. Shares ...
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Unusual Options Activity: Tesla Motors (TSLA)
Shares of
Tesla Motors (TSLA) slid under $200 this week. The stock is now at a five-month low and under its 200-day moving average. One trader sees a short-term bounce in the weeks ahead. That’s based on the December 1 $200 call. With 30 days until expiration, 3,323 contracts traded compared to a prior open interest of 169, for a 20-fold rise in volume on the trade. The buyer of the calls paid $11.60 to make the bullish bet. With shares trading ...
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Tesla Motors (TSLA) slid under $200 this week. The stock is now at a five-month low and under its 200-day moving average. One trader sees a short-term bounce in the weeks ahead. That’s based on the December 1 $200 call. With 30 days until expiration, 3,323 contracts traded compared to a prior open interest of 169, for a 20-fold rise in volume on the trade. The buyer of the calls paid $11.60 to make the bullish bet. With shares trading ...
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Unusual Options Activity: Cenovus Energy (CVE)
Canadian energy producer
Cenovus Energy (CVE) has been making higher highs since May, but recently started to break lower. One trader is betting on further downside for shares in the coming weeks. That’s based on the December 15 $19 puts. With 45 days until expiration, 10,908 contracts traded compared to a prior open interest of 435, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.85 to make the bearish bet. Shares recently went for about $19.30, ...
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Cenovus Energy (CVE) has been making higher highs since May, but recently started to break lower. One trader is betting on further downside for shares in the coming weeks. That’s based on the December 15 $19 puts. With 45 days until expiration, 10,908 contracts traded compared to a prior open interest of 435, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.85 to make the bearish bet. Shares recently went for about $19.30, ...
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Unusual Options Activity: Agnico Eagle Mines (AEM)
Gold producer
Agnico Eagle Mines (AEM) is up about 9 percent over the past year, but has declined substantially from its 52-week highs in the spring. One trader sees shares posting a stronger rally through 2025. That’s based on the January 2025 $75 calls. With 445 days until expiration, 5,001 contracts traded compared to a prior open interest of 243, for a 21-fold rise in volume on the trade. The buyer of the calls paid $1.50. Agnico Eagle recently traded for about $47.50 ...
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Agnico Eagle Mines (AEM) is up about 9 percent over the past year, but has declined substantially from its 52-week highs in the spring. One trader sees shares posting a stronger rally through 2025. That’s based on the January 2025 $75 calls. With 445 days until expiration, 5,001 contracts traded compared to a prior open interest of 243, for a 21-fold rise in volume on the trade. The buyer of the calls paid $1.50. Agnico Eagle recently traded for about $47.50 ...
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Unusual Options Activity: General Electric (GE)
Industrial conglomerate
General Electric (GE) is having a strong year, with shares up over 90 percent. One trader sees further upside ahead going into next year. That’s based on the March 2024 $105 calls. With 140 days until expiration, 18,015 contracts traded compared to a prior open interest of 138, for a massive 131-fold rise in volume on the options trade. The buyer of the calls paid $13.80 to make the bullish bet. GE shares last traded for about $111, making the option ...
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General Electric (GE) is having a strong year, with shares up over 90 percent. One trader sees further upside ahead going into next year. That’s based on the March 2024 $105 calls. With 140 days until expiration, 18,015 contracts traded compared to a prior open interest of 138, for a massive 131-fold rise in volume on the options trade. The buyer of the calls paid $13.80 to make the bullish bet. GE shares last traded for about $111, making the option ...
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Unusual Options Activity: StoneCo (STNE)
E-commerce financial technology company
StoneCo (STNE) has been trading lower in recent months. One trader sees shares declining further into the new year. That’s based on the January 2024 $8 puts. With 85 days until expiration, 49,324 contracts traded compared to a prior open interest of 293, for a staggering 168-fold jump in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. Shares recently traded for about $10, so they would need to drop about 20 ...
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StoneCo (STNE) has been trading lower in recent months. One trader sees shares declining further into the new year. That’s based on the January 2024 $8 puts. With 85 days until expiration, 49,324 contracts traded compared to a prior open interest of 293, for a staggering 168-fold jump in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet. Shares recently traded for about $10, so they would need to drop about 20 ...
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