Unusual Options Activity: Carvana (CVNA)
Shares of vehicle resale platform
Carvana (CVNA) are down over 91 percent in the past year. One trader sees a rebound ahead for the stock in the next 18 months. That’s based on the January 2024 $60 calls. With 577 days until expiration, 10,283 contracts traded compared to a prior open interest of 130, for a 95-fold surge in volume on the trade. The buyer of the calls paid $5.70 to get into the trade. Shares recently traded around $24, so they ...
Read More About This
Carvana (CVNA) are down over 91 percent in the past year. One trader sees a rebound ahead for the stock in the next 18 months. That’s based on the January 2024 $60 calls. With 577 days until expiration, 10,283 contracts traded compared to a prior open interest of 130, for a 95-fold surge in volume on the trade. The buyer of the calls paid $5.70 to get into the trade. Shares recently traded around $24, so they ...
Read More About This
Unusual Options Activity: Nvidia (NVDA)
Shares of graphics processing company
Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so this ...
Read More About This
Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so this ...
Read More About This
Unusual Options Activity: Riot Blockchain (RIOT)
Shares of Bitcoin mining company
Riot Blockchain (RIOT) has slid 90 percent from its highs. One trader sees the possibility for a further decline in the months ahead. That’s based on the December $3.00 puts. With 182 days until expiration, 10,208 contracts traded compared to a prior open interest of 308, for a 33-fold increase in volume on the trade. The buyer of the puts paid $0.35 to get into the trade. The stock recently traded for just under $5, so it would ...
Read More About This
Riot Blockchain (RIOT) has slid 90 percent from its highs. One trader sees the possibility for a further decline in the months ahead. That’s based on the December $3.00 puts. With 182 days until expiration, 10,208 contracts traded compared to a prior open interest of 308, for a 33-fold increase in volume on the trade. The buyer of the puts paid $0.35 to get into the trade. The stock recently traded for just under $5, so it would ...
Read More About This
Unusual Options Activity: Starbucks (SBUX)
Shares of coffee shop chain
Starbucks (SBUX) are trading near a 52-week low. One trader sees the possibility for a further significant drop ahead in the coming months. That’s based on the December $50 puts. With 183 days until expiration, 3,948 contracts traded compared to a prior open interest of 103, for a 38-fold rise in volume on the contract. The buyer of the puts paid $1.54 to make a further downside bet on shares. Shares last traded around $72, so they would ...
Read More About This
Starbucks (SBUX) are trading near a 52-week low. One trader sees the possibility for a further significant drop ahead in the coming months. That’s based on the December $50 puts. With 183 days until expiration, 3,948 contracts traded compared to a prior open interest of 103, for a 38-fold rise in volume on the contract. The buyer of the puts paid $1.54 to make a further downside bet on shares. Shares last traded around $72, so they would ...
Read More About This
Unusual Options Activity: Digital Realty Trust (DLR)
Shares of data center REIT
Digital Realty Trust (DLR) are down 20 percent over the past year. One trader sees the possibility for a further decline in the months ahead. That’s based on the October $105 puts. With 128 days until expiration, 8,515 contracts traded compared to a prior open interest of 123, for a 69-fold rise in volume on the trade. The buyer of the puts paid $3.55 to get into the trade. Shares recently traded around $127, so they’d need to ...
Read More About This
Digital Realty Trust (DLR) are down 20 percent over the past year. One trader sees the possibility for a further decline in the months ahead. That’s based on the October $105 puts. With 128 days until expiration, 8,515 contracts traded compared to a prior open interest of 123, for a 69-fold rise in volume on the trade. The buyer of the puts paid $3.55 to get into the trade. Shares recently traded around $127, so they’d need to ...
Read More About This
Unusual Options Activity: Devon Energy (DVN)
Shares of oil and natural gas exploration company
Devon Energy (DVN) have been in a steady uptrend over the past year. One trader sees the strong prospect for a further rally. That’s based on the January 2023 $35 calls. With 220 days until expiration, 72,384 contracts traded compared to a prior open interest of 248, for a staggering 292-fold rise in volume on the trade. The buyer of the calls paid $39.70 to make the bet. Shares last traded for around $74, ...
Read More About This
Devon Energy (DVN) have been in a steady uptrend over the past year. One trader sees the strong prospect for a further rally. That’s based on the January 2023 $35 calls. With 220 days until expiration, 72,384 contracts traded compared to a prior open interest of 248, for a staggering 292-fold rise in volume on the trade. The buyer of the calls paid $39.70 to make the bet. Shares last traded for around $74, ...
Read More About This
Unusual Options Activity: FIGS, Inc (FIGS)
Shares of apparel manufacturing company
FIGS, Inc (FIGS) have slid about 75 percent in the past year. One trader sees further downside for the company in the months ahead. That’s based on the October $7.50 puts. With 130 days until expiration, 5,202 contracts traded compared to a prior open interest of 152, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.18 to bet on a further downside in shares. The stock last traded for about $8.15, ...
Read More About This
FIGS, Inc (FIGS) have slid about 75 percent in the past year. One trader sees further downside for the company in the months ahead. That’s based on the October $7.50 puts. With 130 days until expiration, 5,202 contracts traded compared to a prior open interest of 152, for a 34-fold rise in volume on the trade. The buyer of the puts paid $1.18 to bet on a further downside in shares. The stock last traded for about $8.15, ...
Read More About This
Unusual Options Activity: Comstock Resources (CRK)
Shares of oil and gas exploration company
Comstock Resources (CRK) have soared 256 percent in the past year. One trader is betting on a further rally higher for the energy company. That’s based on the September $22 calls. With 98 days until expiration, 10,096 contracts traded compared to a prior open interest of 154, for a 66-fold jump in volume on the trade. The buyer of the calls paid $2.83 to get into the trade. Shares last traded just over $21, so they’d ...
Read More About This
Comstock Resources (CRK) have soared 256 percent in the past year. One trader is betting on a further rally higher for the energy company. That’s based on the September $22 calls. With 98 days until expiration, 10,096 contracts traded compared to a prior open interest of 154, for a 66-fold jump in volume on the trade. The buyer of the calls paid $2.83 to get into the trade. Shares last traded just over $21, so they’d ...
Read More About This
