Unusual Options Activity: Macy’s (M)
Shares of department store
Macy’s (M) soared nearly 20 percent last Thursday, as the company announced better-than-expected earnings. One trader sees the potential for shares to move higher. That’s based on the July $27 calls. With 46 days until expiration, 20,375 contracts traded compared to a prior open interest of 326, for a 63-fold jump in volume on the trade. The buyer of the calls paid $0.66 to get in. Shares last traded just under $23, so they would need to rise just ...
Read More About This
Macy’s (M) soared nearly 20 percent last Thursday, as the company announced better-than-expected earnings. One trader sees the potential for shares to move higher. That’s based on the July $27 calls. With 46 days until expiration, 20,375 contracts traded compared to a prior open interest of 326, for a 63-fold jump in volume on the trade. The buyer of the calls paid $0.66 to get in. Shares last traded just under $23, so they would need to rise just ...
Read More About This
Unusual Options Activity: Avaya Holdings (AVYA)
Shares of digital communications company
Avaya Holdings (AVYA) have been sliding in recent months. One trader sees further downside ahead in the coming days. That’s based on the June 17th $3.00 put option. With 21 days until expiration, 20,384 contracts traded hands, compared to a prior open interest of 368, for a 57-fold rise in volume on the trade. The buyer of the puts paid $0.53 to bet on a further downside. Shares recently traded for about $3.20, so they’d need to fall ...
Read More About This
Avaya Holdings (AVYA) have been sliding in recent months. One trader sees further downside ahead in the coming days. That’s based on the June 17th $3.00 put option. With 21 days until expiration, 20,384 contracts traded hands, compared to a prior open interest of 368, for a 57-fold rise in volume on the trade. The buyer of the puts paid $0.53 to bet on a further downside. Shares recently traded for about $3.20, so they’d need to fall ...
Read More About This
Unusual Options Activity: Electronic Arts (EA)
Shares of video game developer
Electronic Arts (EA) have been somewhat rangebound in the past year. However, one trader is betting on a move higher in the coming months. That’s based on the September $150 calls. With 113 days until expiration, 5,049 contracts traded hands compared to a prior open interest of 387, for a 13-fold rise in volume on the shares. The buyer of the calls paid $5.73 to get into the trade. Shares last went for about $137, so they ...
Read More About This
Electronic Arts (EA) have been somewhat rangebound in the past year. However, one trader is betting on a move higher in the coming months. That’s based on the September $150 calls. With 113 days until expiration, 5,049 contracts traded hands compared to a prior open interest of 387, for a 13-fold rise in volume on the shares. The buyer of the calls paid $5.73 to get into the trade. Shares last went for about $137, so they ...
Read More About This
Unusual Options Activity: Starbucks (SBUX)
Shares of coffeehouse chain
Starbucks (SBUX) have lost more than one-third of their value in the past year. One trader sees the potential for a rally in shares in the second half of the year. That’s based on the December $85 calls. With 205 days until expiration, 46,245 contracts traded compared to a prior open interest of 485, for a 95-fold surge in volume on the trade. The buyer of the calls paid $3.06 to get into the trade. Shares recently traded around ...
Read More About This
Starbucks (SBUX) have lost more than one-third of their value in the past year. One trader sees the potential for a rally in shares in the second half of the year. That’s based on the December $85 calls. With 205 days until expiration, 46,245 contracts traded compared to a prior open interest of 485, for a 95-fold surge in volume on the trade. The buyer of the calls paid $3.06 to get into the trade. Shares recently traded around ...
Read More About This
Unusual Options Activity: Bloomin’ Brands (BLMN)
Shares of restaurant chain
Bloomin’ Brands (BLMN) have shed nearly one-third of their value in the past year. However, one trader sees the possibility for a rebound in the second half of the year. That’s based on the January 2023 $15 calls. With 241 days until expiration, 10,000 contracts traded compared to a prior open interest of 23, for a 43-fold rise in volume on the trade. The buyer of the calls paid $5.80 to get in. The stock recently traded just ...
Read More About This
Bloomin’ Brands (BLMN) have shed nearly one-third of their value in the past year. However, one trader sees the possibility for a rebound in the second half of the year. That’s based on the January 2023 $15 calls. With 241 days until expiration, 10,000 contracts traded compared to a prior open interest of 23, for a 43-fold rise in volume on the trade. The buyer of the calls paid $5.80 to get in. The stock recently traded just ...
Read More About This
Unusual Options Activity: Transocean (RIG)
Shares of offshore drilling equipment company
Transocean (RIG) are up about 7 percent in the past year. One trader sees the potential for share to fall in the months ahead. That’s based on the May 2023 $3.00 puts. With 361 days until expiration, 10,032 contracts traded compared to a prior open interest of 352, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.60 to get into the trade. Shares recently traded for about $4.00, so ...
Read More About This
Transocean (RIG) are up about 7 percent in the past year. One trader sees the potential for share to fall in the months ahead. That’s based on the May 2023 $3.00 puts. With 361 days until expiration, 10,032 contracts traded compared to a prior open interest of 352, for a 29-fold rise in volume on the trade. The buyer of the puts paid $0.60 to get into the trade. Shares recently traded for about $4.00, so ...
Read More About This
Unusual Options Activity: FedEx Corporation (FDX)
Shares of freight and logistics company
FedEx Corporation (FDX) have lost over one-third of their value in the past year. One trader is betting on a further decline. That’s based on the July $180 put. With 56 days until expiration, 15,182 contracts traded compared to a prior open interest of 661, for a 23-fold rise in volume on the trade. The buyer of the puts paid $6.80 to get in. Shares are a little bit off their 52-week low of $193, so ...
Read More About This
FedEx Corporation (FDX) have lost over one-third of their value in the past year. One trader is betting on a further decline. That’s based on the July $180 put. With 56 days until expiration, 15,182 contracts traded compared to a prior open interest of 661, for a 23-fold rise in volume on the trade. The buyer of the puts paid $6.80 to get in. Shares are a little bit off their 52-week low of $193, so ...
Read More About This
Unusual Options Activity: Cisco Systems (CSCO)
Shares of internet hardware provider
Cisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead. That’s based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade. Shares last went for about $50, so the stock would need to ...
Read More About This
Cisco Systems (CSCO) have been in a downtrend for the past few months. One trader sees the prospect of further declines in the months ahead. That’s based on the June 2023 $45 puts. With 393 days until expiration, 4,001 contracts traded compared to an open interest of 183, for a 22-fold rise in volume. The buyer of the puts paid $3.73 to get into the trade. Shares last went for about $50, so the stock would need to ...
Read More About This
