Unusual Options Activity: Baxter International (BAX)
Dialysis machine manufacturer
Baxter International (BAX) is down nearly a third over the past year. Part of the recent selloff comes as new weight loss drugs have come onto the market. One trader is betting that shares have overreacted. That’s based on the January 2024 $35 calls. With 98 days until expiration, 6,917 contracts traded compared to a prior open interest of 205, for a 34-fold rise in volume. The buyer of the calls paid $1.50 to make the bullish bet. Shares Read More About This
Baxter International (BAX) is down nearly a third over the past year. Part of the recent selloff comes as new weight loss drugs have come onto the market. One trader is betting that shares have overreacted. That’s based on the January 2024 $35 calls. With 98 days until expiration, 6,917 contracts traded compared to a prior open interest of 205, for a 34-fold rise in volume. The buyer of the calls paid $1.50 to make the bullish bet. Shares Read More About This
Unusual Options Activity: Palantir Technologies (PLTR)
Data analytics firm
Palantir Technologies (PLTR) is up nearly 120 percent over the past year. One trader is betting on a further rally for the stock going into next spring. That’s based on the May 2024 $23 calls. With 217 days until expiration, 4,027 contracts traded compared to a prior open interest of 110, for a 37-fold rise in volume on the trade. The buyer of the calls paid $2.06 to make the bullish bet. Shares recently traded just under $18, so they ...
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Palantir Technologies (PLTR) is up nearly 120 percent over the past year. One trader is betting on a further rally for the stock going into next spring. That’s based on the May 2024 $23 calls. With 217 days until expiration, 4,027 contracts traded compared to a prior open interest of 110, for a 37-fold rise in volume on the trade. The buyer of the calls paid $2.06 to make the bullish bet. Shares recently traded just under $18, so they ...
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Unusual Options Activity: Coterra Energy (CTRA)
Oil and gas exploration company
Coterra Energy (CTRA) is down about 5 percent over the past year. One trader is betting on shares to rally in the months ahead. That’s based on the April 2024 $31 calls. With 191 days until expiration, 4,955 contracts traded compared to a prior open interest of 194, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.55 to make the bullish bet. Shares recently traded for about $28, so they ...
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Coterra Energy (CTRA) is down about 5 percent over the past year. One trader is betting on shares to rally in the months ahead. That’s based on the April 2024 $31 calls. With 191 days until expiration, 4,955 contracts traded compared to a prior open interest of 194, for a 25-fold rise in volume on the trade. The buyer of the calls paid $1.55 to make the bullish bet. Shares recently traded for about $28, so they ...
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Unusual Options Activity: Vale (VALE)
Brazilian iron ore producer
Vale (VALE) is down nearly 12 percent over the past year, far underperforming global markets. One trader sees the potential for a big move higher in the coming months. That’s based on the March 2024 $15 calls. With 157 days until expiration, 50,444 contracts traded compared to a prior open interest of 2,009, for a 25-fold rise in volume on the option. The buyer of the calls paid $0.44 to make the bullish bet. Shares recently traded for about ...
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Vale (VALE) is down nearly 12 percent over the past year, far underperforming global markets. One trader sees the potential for a big move higher in the coming months. That’s based on the March 2024 $15 calls. With 157 days until expiration, 50,444 contracts traded compared to a prior open interest of 2,009, for a 25-fold rise in volume on the option. The buyer of the calls paid $0.44 to make the bullish bet. Shares recently traded for about ...
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Unusual Options Activity: The Coca-Cola Company (KO)
Beverage giant
The Coca-Cola Company (KO) is now flat over the past year, following a steep drop in shares in the past few trading days. One trader sees a small rebound for shares in the days ahead. That’s based on the October 20 $54 calls. With 11 days left until expiration, 6,269 contracts traded compared to a prior open interest of 245, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.42. Shares recently traded for ...
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The Coca-Cola Company (KO) is now flat over the past year, following a steep drop in shares in the past few trading days. One trader sees a small rebound for shares in the days ahead. That’s based on the October 20 $54 calls. With 11 days left until expiration, 6,269 contracts traded compared to a prior open interest of 245, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.42. Shares recently traded for ...
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Unusual Options Activity: Kohl’s Corporation (KSS)
Department store chain
Kohl’s Corporation (KSS) is down nearly 30 percent over the past year. One trader sees shares declining further in the weeks ahead. That’s based on the November $17.50 puts. With 44 days until expiration, 10,126 contracts traded compared to a prior open interest of 138, for a 73-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Kohl’s shares recently traded for about $20, so they would need to drop $2.50, ...
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Kohl’s Corporation (KSS) is down nearly 30 percent over the past year. One trader sees shares declining further in the weeks ahead. That’s based on the November $17.50 puts. With 44 days until expiration, 10,126 contracts traded compared to a prior open interest of 138, for a 73-fold rise in volume on the trade. The buyer of the puts paid $0.45 to make the bearish bet. Kohl’s shares recently traded for about $20, so they would need to drop $2.50, ...
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Unusual Options Activity: Las Vegas Sands (LVS)
Casino operator
Las Vegas Sands (LVS) is down about 30 percent from its April highs. One trader sees shares recovering from its recent selloff in the months ahead. That’s based on the December $45 calls. With 70 days until expiration, 28,279 contracts traded compared to a prior open interest of 641, for a 44-fold surge in volume on the trade. The buyer of the calls paid $3.02 to make the bullish bet. Shares recently traded just under $45, making this an at-the-money ...
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Las Vegas Sands (LVS) is down about 30 percent from its April highs. One trader sees shares recovering from its recent selloff in the months ahead. That’s based on the December $45 calls. With 70 days until expiration, 28,279 contracts traded compared to a prior open interest of 641, for a 44-fold surge in volume on the trade. The buyer of the calls paid $3.02 to make the bullish bet. Shares recently traded just under $45, making this an at-the-money ...
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Unusual Options Activity: The Charles Schwab Corporation (SCHW)
Brokerage firm
The Charles Schwab Corporation (SCHW) has seen shares drop about 25 percent over the past year. One trader is betting on a long-term rebound. That’s based on the March 2024 $80 calls. With 163 days until expiration, 5,744 contracts traded compared to a prior open interest of 248, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Shares recently traded for about $53.50, so shares would need to rally ...
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The Charles Schwab Corporation (SCHW) has seen shares drop about 25 percent over the past year. One trader is betting on a long-term rebound. That’s based on the March 2024 $80 calls. With 163 days until expiration, 5,744 contracts traded compared to a prior open interest of 248, for a 23-fold rise in volume on the trade. The buyer of the calls paid $0.24 to make the bullish bet. Shares recently traded for about $53.50, so shares would need to rally ...
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