Unusual Options Activity: Keycorp (KEY)
Regional bank
Keycorp (KEY) is down nearly 40 percent over the past year, as banking stocks have been out of favor with the market. One trader sees the potential for another big drop by the end of the year. That’s based on the December $6 puts. With 184 days until expiration, 5,128 contracts traded compared to a prior open interest of 195, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.40. Shares recently traded for about ...
Read More About This
Keycorp (KEY) is down nearly 40 percent over the past year, as banking stocks have been out of favor with the market. One trader sees the potential for another big drop by the end of the year. That’s based on the December $6 puts. With 184 days until expiration, 5,128 contracts traded compared to a prior open interest of 195, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.40. Shares recently traded for about ...
Read More About This
Unusual Options Activity: Johnson Controls International (JCI)
Building product and systems manufacturer
Johnson Controls International (JCI) has moved 22 percent higher in the past year. One trader sees further upside ahead for shares in the next three months. That’s based on the October $67.50 calls. With 129 days until expiration, 11,121 contracts traded compared to a prior open interest of 114, for a 98-fold jump in volume in the past year. The buyer of the calls paid $2.00 to make the bullish bet. Shares recently traded for about $63.50, so ...
Read More About This
Johnson Controls International (JCI) has moved 22 percent higher in the past year. One trader sees further upside ahead for shares in the next three months. That’s based on the October $67.50 calls. With 129 days until expiration, 11,121 contracts traded compared to a prior open interest of 114, for a 98-fold jump in volume in the past year. The buyer of the calls paid $2.00 to make the bullish bet. Shares recently traded for about $63.50, so ...
Read More About This
Unusual Options Activity: GameStop (GME)
Retail game store
GameStop (GME) dropped following the announcement that the company CEO was departing. One trader sees shares rebounding from that drop in the coming days. That’s based on the June 30 $22 calls. With 17 days until expiration, 10,388 contracts traded compared to a prior open interest of 250, for a 42-fold rise in volume on the trade. The buyer of the calls paid $1.29 to make the bullish bet. Shares last traded around $21.50, so shares would need to rise ...
Read More About This
GameStop (GME) dropped following the announcement that the company CEO was departing. One trader sees shares rebounding from that drop in the coming days. That’s based on the June 30 $22 calls. With 17 days until expiration, 10,388 contracts traded compared to a prior open interest of 250, for a 42-fold rise in volume on the trade. The buyer of the calls paid $1.29 to make the bullish bet. Shares last traded around $21.50, so shares would need to rise ...
Read More About This
Unusual Options Activity: Roblox (RBLX)
Metaverse gaming company
Roblox (RBLX) has been a solid performer, with shares up 26 percent over the past year. One trader is betting on shares giving up some of their gains in the coming weeks. That’s based on the June 30 $36 puts. With 21 days until expiration, 3,063 contracts traded compared to a prior open interest of 127, for a 24-fold rise in volume on the trade. The buyer of the puts paid $0.79 to make the bearish bet. Shares recently traded ...
Read More About This
Roblox (RBLX) has been a solid performer, with shares up 26 percent over the past year. One trader is betting on shares giving up some of their gains in the coming weeks. That’s based on the June 30 $36 puts. With 21 days until expiration, 3,063 contracts traded compared to a prior open interest of 127, for a 24-fold rise in volume on the trade. The buyer of the puts paid $0.79 to make the bearish bet. Shares recently traded ...
Read More About This
Unusual Options Activity: Oracle (ORCL)
Database firm
Oracle (ORCL) has been a strong tech performer, with shares up 47 percent over the past year. One trader sees that trend continuing in the short term. That’s based on the June 30th $115 calls. With 21 days until expiration, 9,417 contracts traded compared to a prior open interest of 197, for a 48-fold rise in volume on the trade. The buyer of the calls paid $1.18 to make the bullish bet. Shares recently traded for about $107, so they would ...
Read More About This
Oracle (ORCL) has been a strong tech performer, with shares up 47 percent over the past year. One trader sees that trend continuing in the short term. That’s based on the June 30th $115 calls. With 21 days until expiration, 9,417 contracts traded compared to a prior open interest of 197, for a 48-fold rise in volume on the trade. The buyer of the calls paid $1.18 to make the bullish bet. Shares recently traded for about $107, so they would ...
Read More About This
Unusual Options Activity: Rapid7 (RPD)
Cybersecurity company
Rapid7 (RPD) has had a 30 percent drop over the past year. One trader sees a strong rebound in the coming weeks. That’s based on the July $60 calls. With 40 days until expiration, 10,579 contracts traded compared to a prior open interest of 111, for a 95-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Shares recently traded just over $47, so they would need to rise $13, or about ...
Read More About This
Rapid7 (RPD) has had a 30 percent drop over the past year. One trader sees a strong rebound in the coming weeks. That’s based on the July $60 calls. With 40 days until expiration, 10,579 contracts traded compared to a prior open interest of 111, for a 95-fold rise in volume on the trade. The buyer of the calls paid $0.95 to make the bullish bet. Shares recently traded just over $47, so they would need to rise $13, or about ...
Read More About This
Unusual Options Activity: Dow (DOW)
Chemical manufacturer
Dow (DOW) is down over 25 percent in the past year. One trader sees a rebound ahead in the coming weeks. That’s based on the June 30th $53 calls. With 24 days until expiration, 18,807 contracts traded compared to a prior open interest of 111, for a 169-fold jump in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. Shares recently traded for just over $51.50, so the stock would need to rise less ...
Read More About This
Dow (DOW) is down over 25 percent in the past year. One trader sees a rebound ahead in the coming weeks. That’s based on the June 30th $53 calls. With 24 days until expiration, 18,807 contracts traded compared to a prior open interest of 111, for a 169-fold jump in volume on the trade. The buyer of the calls paid $0.70 to make the bullish bet. Shares recently traded for just over $51.50, so the stock would need to rise less ...
Read More About This
Unusual Options Activity: Micron Technology (MU)
Semiconductor company
Micron Technology (MU) has seen shares rally 40 percent from their December lows, and are on track to erase the last 10 percent drop they’ve seen over the past year. One trader is betting on such a continued move higher. That’s based on the August $72.50 calls. With 74 days until expiration, 8,564 contracts traded compared to a prior open interest of 184, for a 47-fold rise in volume on the trade. The buyer of the calls paid $3.95. Shares recently ...
Read More About This
Micron Technology (MU) has seen shares rally 40 percent from their December lows, and are on track to erase the last 10 percent drop they’ve seen over the past year. One trader is betting on such a continued move higher. That’s based on the August $72.50 calls. With 74 days until expiration, 8,564 contracts traded compared to a prior open interest of 184, for a 47-fold rise in volume on the trade. The buyer of the calls paid $3.95. Shares recently ...
Read More About This
