Unusual Options Activity

Semiconductor manufacturer Wolfspeed (WOLF) is down over 80% in the past year, amid restructuring and job cuts. One trader sees further downside in the weeks ahead. That’s based on the December 20 $5 puts. With 31 days until expiration, 9,200 contracts traded compared to a prior open interest of 221, for a 42-fold rise in volume on the trade. The buyer of the puts paid $0.28 to make the bearish bet. Wolfspeed recently traded for about $6.80, meaning shares would need to ...
Read More About This

Household goods manufacturer Newell Brands (NWL) is up 22% over the past year, lagging the stock market. But shares are starting to trend higher in recent sessions. One trader is eyeing further profits in the months ahead. That’s based on the March 21, 2025 $11 calls. With 123 days until expiration, 10,070 contracts traded compared to a prior open interest of 164, for a 61-fold rise in volume on the trade. The buyer of the calls paid $0.30 to make the ...
Read More About This

Regional bank Huntington Bancshares (HBAN) has been on a tear, rallying 60% over the past year, producing nearly twice the returns of the S&P 500. One trader sees shares trending higher in the weeks ahead. That’s based on the December 20 $19 calls. With 35 days until expiration, 5,377 contracts traded compared to a prior open interest of 154, for a 35-fold rise in volume on the trade. The buyer of the calls paid $0.20 to make the bullish bet. Huntington shares ...
Read More About This

Chip manufacturer Taiwan Semiconductor (TSM) is up 96% over the past year, nearly triple the return of the overall stock market. One trader sees shares continuing higher in the weeks ahead. That’s based on the December 13 $200 calls. With 29 days until expiration, 19,727 contracts traded compared to a prior open interest of 310, for a 64-fold rise in volume on the trade. The buyer of the calls paid $5.25 to make the bullish bet. TSM shares recently traded for about ...
Read More About This

Mailing and logistics firm Pitney Bowes (PBI) is up 93% over the past year, more than double the returns of the S&P 500. One trader sees more upside ahead over the coming weeks. That’s based on the December 13 $9 calls. With 30 days until expiration, 27,755 contracts traded compared to a prior open interest of 120, for a 231-fold rise in volume on the trade. The buyer of the calls paid $0.19 to make the bullish bet. Pitney Bowes shares recently ...
Read More About This

Steel producer
U.S. Steel Corporation (X) is up 22% over the past year. Shares have trended higher amid acquisition discussions. One trader sees shares pulling back over the next few weeks. That’s based on the December 20 $32 puts. With 37 days until expiration, 4,806 contracts traded compared to a prior open interest of 116, for a 41-fold rise in volume on the trade. The buyer of the puts paid $1.15 to make the bearish bet. U.S. Steel recently traded for about $41.25, ...
Read More About This

Data center REIT Digital Realty Trust (DLR) is up 36% over the past year, about in-line with the overall stock market, before accounting for its dividend. One trader sees shares pulling back over the coming weeks. That’s based on the December 20 $170 puts. With 39 days until expiration, 8,417 contracts traded compared to a prior open interest of 191, for a 44-fold rise in volume on the trade. The buyer of the puts paid $2.10 to make the bearish bet. Digital ...
Read More About This

Memory chip manufacturer Micron Technology (MU) is up 46% over the past year, outperforming the market. One trader sees further upside ahead for shares in the coming weeks. That’s based on the November 29 $135 calls. With 21 days until expiration, 9,404 contracts traded compared to a prior open interest of 237, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.26 to make the bullish bet. Micron shares last traded for about $112. The stock ...
Read More About This