Unusual Options Activity: Agnico Eagle Mines (AEM)
Shares of gold producer
Agnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That’s based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90. Shares last traded around $52, ...
Read More About This
Agnico Eagles Mines (AEM) are off by over 30 percent in the past year, as gold prices have been lackluster. One trader, however, sees the possibility for a massive rally in the coming months. That’s based on the January 2024 $80 calls. With 611 days until expiration, 8,846 contracts traded hands compared to an open interest of 133, for a 67-fold increase in volume on the trade. The buyer of the calls paid $3.90. Shares last traded around $52, ...
Read More About This
Unusual Options Activity: Synchrony Financial (SYF)
Shares of regional bank
Synchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than 15 ...
Read More About This
Synchrony Financial (SYF) are trading near a 52-week low. One trader sees the stock moving even lower in the coming months. That’s based on the September $29 puts. With 122 days until expiration, 7,966 contracts traded compared to an open interest of 100, for an 80-fold surge in volume on the trade. The buyer of the puts paid $1.80 to make the downside bet. Shares last traded around $33.50, so the bank would need to drop more than 15 ...
Read More About This
Unusual Options Activity: Nu Holdings (NU)
Shares of Brazilian bank
Nu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That’s based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. Shares of the bank recently traded around $4.00, ...
Read More About This
Nu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That’s based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. Shares of the bank recently traded around $4.00, ...
Read More About This
Unusual Options Activity: Roblox (RBLX)
Shares of metaverse platform
Roblox (RBLX) have been at ground zero for the market selloff. One trader sees the potential for shares to decline even further. That’s based on the January 2024 $17.50 puts. With 616 days until expiration, 16,649 contracts traded against an open interest of 398, for a 49-fold jump in volume on the trade. The buyer of the puts paid $6.13 to get into the trade. The stock recently traded for about $24, so it would need to fall another ...
Read More About This
Roblox (RBLX) have been at ground zero for the market selloff. One trader sees the potential for shares to decline even further. That’s based on the January 2024 $17.50 puts. With 616 days until expiration, 16,649 contracts traded against an open interest of 398, for a 49-fold jump in volume on the trade. The buyer of the puts paid $6.13 to get into the trade. The stock recently traded for about $24, so it would need to fall another ...
Read More About This
Unusual Options Activity: Masco Corporation (MAS)
Shares of building product company
Masco Corporation (MAS) have been sliding in recent months. However, one trader sees the possibility of a rebound in the coming weeks. That’s based on the July $60 calls. With 64 days until expiration, 6,004 contracts traded compared to a prior open interest of 151, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.77. Shares recently traded around $53, so the stock would need to rise about 13 percent for the ...
Read More About This
Masco Corporation (MAS) have been sliding in recent months. However, one trader sees the possibility of a rebound in the coming weeks. That’s based on the July $60 calls. With 64 days until expiration, 6,004 contracts traded compared to a prior open interest of 151, for a 40-fold rise in volume on the trade. The buyer of the calls paid $0.77. Shares recently traded around $53, so the stock would need to rise about 13 percent for the ...
Read More About This
Unusual Options Activity: Apple (AAPL)
Shares of consumer tech giant
Apple (AAPL) have succumbed to the recent market decline, although shares are faring somewhat well given the company’s relatively strong cash flows and excellent branding. However, one trader sees further downside ahead. That’s based on the June 24th $125 puts. With 44 days until expiration, 13,129 contracts traded compared to an open interest of 122, for a 108-fold surge in volume on the trade. The buyer of the puts paid $1.46 to get into the trade. Shares are ...
Read More About This
Apple (AAPL) have succumbed to the recent market decline, although shares are faring somewhat well given the company’s relatively strong cash flows and excellent branding. However, one trader sees further downside ahead. That’s based on the June 24th $125 puts. With 44 days until expiration, 13,129 contracts traded compared to an open interest of 122, for a 108-fold surge in volume on the trade. The buyer of the puts paid $1.46 to get into the trade. Shares are ...
Read More About This
Unusual Options Activity: Wells Fargo Company (WFC)
Shares of megabank
Wells Fargo Company (WFC) have lost over one quarter of their value since February. One trader sees room for a continued downtrend in the coming weeks. That’s based on the June 10th $44 puts. With 31 days until expiration, 11,374 contracts traded compared to a prior open interest of 143, for an 80-fold increase in volume on the trade. The buyer of the puts paid $1.87 to bet on a further drop in shares. Shares recently traded around $44.50, ...
Read More About This
Wells Fargo Company (WFC) have lost over one quarter of their value since February. One trader sees room for a continued downtrend in the coming weeks. That’s based on the June 10th $44 puts. With 31 days until expiration, 11,374 contracts traded compared to a prior open interest of 143, for an 80-fold increase in volume on the trade. The buyer of the puts paid $1.87 to bet on a further drop in shares. Shares recently traded around $44.50, ...
Read More About This
Unusual Options Activity: Block (SQ)
Shares of payment company
Block (SQ) have been in a sharp downtrend with other tech names in the past few months. One trader sees that trend continuing indefinitely. That’s based on the December $90 puts. With 221 days until expiration, 1,329 contracts traded against a prior open interest of 109, for a 12-fold rise in volume. The buyer of the puts paid $18.20 to get into the trade. The stock last went for around $100 per share, so it would need to decline ...
Read More About This
Block (SQ) have been in a sharp downtrend with other tech names in the past few months. One trader sees that trend continuing indefinitely. That’s based on the December $90 puts. With 221 days until expiration, 1,329 contracts traded against a prior open interest of 109, for a 12-fold rise in volume. The buyer of the puts paid $18.20 to get into the trade. The stock last went for around $100 per share, so it would need to decline ...
Read More About This
