Unusual Options Activity: Block (SQ)
Payment systems company
Block (SQ) dropped following its earnings report last week. One trader sees shares rebounding in the coming months. That’s based on the December $50 calls. With 128 days until expiration, 16,004 contracts traded compared to a prior open interest of 193, for an 83-fold rise in volume on the trade. The buyer of the calls paid $17.00 to make the bullish bet. Shares last went for about $64, making the option about $14 in-the-money, and leaving only $3 in ...
Read More About This
Block (SQ) dropped following its earnings report last week. One trader sees shares rebounding in the coming months. That’s based on the December $50 calls. With 128 days until expiration, 16,004 contracts traded compared to a prior open interest of 193, for an 83-fold rise in volume on the trade. The buyer of the calls paid $17.00 to make the bullish bet. Shares last went for about $64, making the option about $14 in-the-money, and leaving only $3 in ...
Read More About This
Unusual Options Activity: Intel (INTC)
Semiconductor manufacturer
Intel (INTC) has been rallying this year, after investors wrote off the company last year for hotter plays in the chip market. One trader is betting that shares will continue higher through next spring. That’s based on the March 2024 $41 calls. With 220 days until expiration, 7,143 contracts traded compared to a prior open interest of 229, for a 31-fold rise in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet. Shares recently ...
Read More About This
Intel (INTC) has been rallying this year, after investors wrote off the company last year for hotter plays in the chip market. One trader is betting that shares will continue higher through next spring. That’s based on the March 2024 $41 calls. With 220 days until expiration, 7,143 contracts traded compared to a prior open interest of 229, for a 31-fold rise in volume on the trade. The buyer of the calls paid $2.11 to make the bullish bet. Shares recently ...
Read More About This
Unusual Options Activity: DXC Technology (DXC)
Information technology consulting company
DXC Technology (DXC) sank nearly 30 percent last Thursday, as the company missed on earnings and cut guidance. One trader is betting on a further drop in the months ahead. That’s based on the January $15 puts. With 164 days until expiration, 4,710 contracts traded compared to a prior open interest of 110, for a 43-fold rise in volume on the trade. The buyer of the puts paid $0.87. Shares closed near $19 following the earnings drop, so shares ...
Read More About This
DXC Technology (DXC) sank nearly 30 percent last Thursday, as the company missed on earnings and cut guidance. One trader is betting on a further drop in the months ahead. That’s based on the January $15 puts. With 164 days until expiration, 4,710 contracts traded compared to a prior open interest of 110, for a 43-fold rise in volume on the trade. The buyer of the puts paid $0.87. Shares closed near $19 following the earnings drop, so shares ...
Read More About This
Unusual Options Activity: Peabody Energy Corporation (BTU)
Coal producer
Peabody Energy Corporation (BTU) has traded in a narrow range over the past year. While shares hit a low in May and have trended higher, one trader sees shares declining going into next year. That’s based on the January 2024 $16 puts. With 168 days until expiration, 14,242 contracts traded compared to a prior open interest of 122, for a massive 117-fold increase in volume on the trade. The buyer of the puts paid $0.59. Shares recently traded just under $22, ...
Read More About This
Peabody Energy Corporation (BTU) has traded in a narrow range over the past year. While shares hit a low in May and have trended higher, one trader sees shares declining going into next year. That’s based on the January 2024 $16 puts. With 168 days until expiration, 14,242 contracts traded compared to a prior open interest of 122, for a massive 117-fold increase in volume on the trade. The buyer of the puts paid $0.59. Shares recently traded just under $22, ...
Read More About This
Unusual Options Activity: AGNC Investment Corp (AGNC)
Mortgage REIT
AGNC Investment Corp (AGNC) has dropped slightly so far this year, as interest rates continue to rise. One trader expects shares to decline even further into next year. That’s based on the March 2024 $9 puts. With 225 days until expiration, 22,050 contracts traded compared to a prior open interest of 232, for a 95-fold jump in volume on the trade. The buyer of the puts paid $0.54 to make the bearish bet. Shares recently traded at $10, so they ...
Read More About This
AGNC Investment Corp (AGNC) has dropped slightly so far this year, as interest rates continue to rise. One trader expects shares to decline even further into next year. That’s based on the March 2024 $9 puts. With 225 days until expiration, 22,050 contracts traded compared to a prior open interest of 232, for a 95-fold jump in volume on the trade. The buyer of the puts paid $0.54 to make the bearish bet. Shares recently traded at $10, so they ...
Read More About This
Unusual Options Activity: C3.ai (AI)
Artificial intelligence software company
C3.ai (AI) has nearly quadrupled since the start of the year. one trader sees a short-term pullback in the coming weeks. That’s based on the September 15 $42.50 puts. With 44 days until expiration, 5,021 contracts traded compared to a prior open interest of 123, for a 33-fold rise in volume on the trade. The buyer of the calls paid $7.11 to make the bearish bet. Shares recently traded for about $42, making this an at-the-money option. The ...
Read More About This
C3.ai (AI) has nearly quadrupled since the start of the year. one trader sees a short-term pullback in the coming weeks. That’s based on the September 15 $42.50 puts. With 44 days until expiration, 5,021 contracts traded compared to a prior open interest of 123, for a 33-fold rise in volume on the trade. The buyer of the calls paid $7.11 to make the bearish bet. Shares recently traded for about $42, making this an at-the-money option. The ...
Read More About This
Unusual Options Activity: Alibaba Group Holding (BABA)
Chinese internet retailer
Alibaba Group Holding (BABA) has been in an uptrend the past few months. One trader sees further upside in the weeks ahead. That’s based on the September 1 $115 calls. With 31 days until expiration, 13,146 contracts traded compared to a prior open interest of 106, for a massive 124-fold rise in volume on the trade. The buyer of the calls paid $1.82 to make the bullish bet. Shares recently traded for about $100, so they would need to see ...
Read More About This
Alibaba Group Holding (BABA) has been in an uptrend the past few months. One trader sees further upside in the weeks ahead. That’s based on the September 1 $115 calls. With 31 days until expiration, 13,146 contracts traded compared to a prior open interest of 106, for a massive 124-fold rise in volume on the trade. The buyer of the calls paid $1.82 to make the bullish bet. Shares recently traded for about $100, so they would need to see ...
Read More About This
Unusual Options Activity: Applied Digital Corporation (APLD)
Data center operator
Applied Digital Corporation (APLD) has moved up nearly five-fold from its 52-week lows. One trader is betting shares will continue to rise through the end of the year. That’s based on the January 2024 $11 calls. With 172 days until expiration, 6,902 contracts traded compared to a prior open interest of 127, for a 54-fold rise in volume on the trade. The buyer of the calls paid $2.80. Shares recently traded for just under $10, so the stock would ...
Read More About This
Applied Digital Corporation (APLD) has moved up nearly five-fold from its 52-week lows. One trader is betting shares will continue to rise through the end of the year. That’s based on the January 2024 $11 calls. With 172 days until expiration, 6,902 contracts traded compared to a prior open interest of 127, for a 54-fold rise in volume on the trade. The buyer of the calls paid $2.80. Shares recently traded for just under $10, so the stock would ...
Read More About This
