Unusual Options Activity: Adobe (ADBE)
Publishing software company
Adobe (ADBE) has been sliding well off its peak. One trader sees the potential for a strong rebound in the months ahead. That’s based on the July $575 calls. With 80 days until expiration, 1,405 contracts traded compared to a prior open interest of 110, for a 13-fold rise in volume on the trade. The buyer of the calls paid $0.90 to get in. Shares recently traded just under $410, so they would need to rise $165, or about 40 ...
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Adobe (ADBE) has been sliding well off its peak. One trader sees the potential for a strong rebound in the months ahead. That’s based on the July $575 calls. With 80 days until expiration, 1,405 contracts traded compared to a prior open interest of 110, for a 13-fold rise in volume on the trade. The buyer of the calls paid $0.90 to get in. Shares recently traded just under $410, so they would need to rise $165, or about 40 ...
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Unusual Options Activity: EQT Corporation (EQT)
Oil and gas exploration company
EQT Corporation (EQT) have been soaring in the past few months, but shares have started to weaken recently. One trader sees the potential for a rebound in the weeks ahead. That’s based on the June $49 calls. With 53 days until expiration, 11,878 contracts traded compared to a prior open interest of 567, for a 21-fold jump in volume on the trade. The buyer of the calls paid $1.95 to enter the trade. Shares recently traded around $42, ...
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EQT Corporation (EQT) have been soaring in the past few months, but shares have started to weaken recently. One trader sees the potential for a rebound in the weeks ahead. That’s based on the June $49 calls. With 53 days until expiration, 11,878 contracts traded compared to a prior open interest of 567, for a 21-fold jump in volume on the trade. The buyer of the calls paid $1.95 to enter the trade. Shares recently traded around $42, ...
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Unusual Options Activity: Marriott International (MAR)
Shares of hotel chain
Marriott International (MAR) have been in an uptrend over the past few months, with a big surge in recent weeks. One trader sees a potential move higher in the coming months. That’s based on the July $160 calls. With 84 days until expiration, 7,003 contracts traded compared to a prior open interest of 158, for a 44-fold jump in volume on the contracts. The buyer of the calls paid $34.00 to get into the trade. Shares of Marriott just ...
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Marriott International (MAR) have been in an uptrend over the past few months, with a big surge in recent weeks. One trader sees a potential move higher in the coming months. That’s based on the July $160 calls. With 84 days until expiration, 7,003 contracts traded compared to a prior open interest of 158, for a 44-fold jump in volume on the contracts. The buyer of the calls paid $34.00 to get into the trade. Shares of Marriott just ...
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Unusual Options Activity: American Airlines (AAL)
Shares of airliner
American Airlines (AAL) have been rallying higher in recent weeks. One trader sees the potential for a move higher in the coming months. That’s based on the November $25 calls. With 211 days until expiration, 12,293 contracts traded against a prior open interest of 375, for a 33-fold increase in volume on the contract. The buyer of the calls paid $1.33 to get into the trade. Shares recently traded just under $20, so the stock would need to rise just ...
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American Airlines (AAL) have been rallying higher in recent weeks. One trader sees the potential for a move higher in the coming months. That’s based on the November $25 calls. With 211 days until expiration, 12,293 contracts traded against a prior open interest of 375, for a 33-fold increase in volume on the contract. The buyer of the calls paid $1.33 to get into the trade. Shares recently traded just under $20, so the stock would need to rise just ...
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Unusual Options Activity: Intel (INTC)
Shares of chipmaker
Intel (INTC) have been a poor performer in the past year, but the company has had some surges higher. One trader sees another such move playing out in the weeks ahead. That’s based on the May 28th $50 calls. With 37 days until expiration, 16,101 contracts traded against an open interest of 261, for a 71-fold surge in volume on the contract. The buyer of the calls paid $0.17 to get into the trade. Overall, Intel shares have slid 28 ...
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Intel (INTC) have been a poor performer in the past year, but the company has had some surges higher. One trader sees another such move playing out in the weeks ahead. That’s based on the May 28th $50 calls. With 37 days until expiration, 16,101 contracts traded against an open interest of 261, for a 71-fold surge in volume on the contract. The buyer of the calls paid $0.17 to get into the trade. Overall, Intel shares have slid 28 ...
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Unusual Options Activity: U.S. Silica Holdings (SLCA)
Shares of silica producer
U.S. Silica Holdings (SLCA) have been in a strong uptrend, more than doubling since February. One trader sees a continued rally in shares. That’s based on the January 2023 $10 calls. With 276 days until expiration, 9,183 contracts traded compared to a prior open interest of 124, for a 74-fold increase in volume on the trade. The buyer of the calls paid $11.60 to get in. Shares recently traded around $20.50, indicating that the calls are about $10.90 ...
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U.S. Silica Holdings (SLCA) have been in a strong uptrend, more than doubling since February. One trader sees a continued rally in shares. That’s based on the January 2023 $10 calls. With 276 days until expiration, 9,183 contracts traded compared to a prior open interest of 124, for a 74-fold increase in volume on the trade. The buyer of the calls paid $11.60 to get in. Shares recently traded around $20.50, indicating that the calls are about $10.90 ...
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Unusual Options Activity: AT&T (T)
Shares of telecom company
AT&T (T) dropped recently as the company completed a spinoff of its media properties. However, shares have been trending higher since. One trader sees a further move higher over the summer. That’s based on the September $22 calls. With 151 days until expiration, 3,603 contracts traded, a 24-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $0.35 to make the trade. With shares last going for about $19.50, the stock would ...
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AT&T (T) dropped recently as the company completed a spinoff of its media properties. However, shares have been trending higher since. One trader sees a further move higher over the summer. That’s based on the September $22 calls. With 151 days until expiration, 3,603 contracts traded, a 24-fold jump in volume from the prior open interest of 150. The buyer of the calls paid $0.35 to make the trade. With shares last going for about $19.50, the stock would ...
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Unusual Options Activity: Bank of America (BAC)
Shares of megabank
Bank of America (BAC) have been trending down in recent months, and shares just went negative over the past year. One trader sees the possibility for a rebound in the next few weeks. That’s based on the May 27 $50 calls. With 42 days until expiration, 10,023 contracts traded compared to a prior open interest of 278, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.34 to get into the trade. Shares last ...
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Bank of America (BAC) have been trending down in recent months, and shares just went negative over the past year. One trader sees the possibility for a rebound in the next few weeks. That’s based on the May 27 $50 calls. With 42 days until expiration, 10,023 contracts traded compared to a prior open interest of 278, for a 36-fold rise in volume on the trade. The buyer of the calls paid $1.34 to get into the trade. Shares last ...
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