Bullish Unusual Options Activity on CCL Sep 9.50 callNYSE:CCL $325K in premium traded for $9.5 strike calls for Friday September 30th 2022 expiration traded today.
Unusual Activity for $9.5 calls about 28,000 contracts traded throughout the day @ approx $0.25 per contract (Above Open interest of only 3200)
Carnival Corp earnings date is 09/29/2022 Thursday
Stock is at an interesting price level. If stock price moves up and IV increases could help add premium value to the call options.
Risks : Short Expiration - Theta Risk. Earnings Risks.
I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.
Entry Above: 9.01
Target 9.36, 9.65, 9.96
SL close below 8.74
You can use the above levels to trade the stock as well with risk reward ratio of approx 3.65 (defined risk)
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Important Note: This is a short duration contract with earnings risk. Please trade responsibly.
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Unusualoptions
VLO Bullish Sweep $2M in premium traded for $80 Calls June 18thNYSE:VLO $2M in premium traded for $80 strike calls for Friday June 18th 2021 expiration traded today.
Unusual Activity for $80 calls about 10,000 contracts traded around 10.25pm @ approx $1.70 (Above Open interest of only 4657) Volume 23K
Plug power earnings date is 04/22/2021 Thursday
Bounced off 50 EMA multiple times showing good downside support. CCI is also trending up going from bearish to bullish.
2 Months time on these options I would recommend a vertical spread to keep theta at bay especially after earnings when IV will drop reducing the price of the options if you expect to hold this past earning.
The stock dose have the tendency to fall after earnings most of the times and rally after.
I would wait for confirmation of break of the $73.95 level and possibly a close above this level to start a position.
Got multiple mentions on CNBC today and has already traded up with some volume coming in.
Support 50 EMA $70.95
Resistance $73.80
Target 75.21, 77.03, 78.22, 81.33
SL close below 50 EMA
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Unusual Option Activity Plug $1.4M premium traded above OINASDAQ:PLUG $1.4 M in premium traded for $29 strike calls for April 23th expiration traded Today.
Unusual Activity for $29 calls about 17,000 contracts traded around 2:39pm @ approx $0.70 (Above Open interest of only 1252)
Plug power earnings date is 05/06/2021
This stock is showing a nice hammer on the daily close today after falling past few days indicating a possible reversal in trend.
The stock has bounced off Long term support at 24.52 & also held 25.71 previous support.
It is also showing a possible cup and handle on the 15 minute chart with today's bounce. Expect support to hold and stock to keep running up towards ER after drawdown.
2 week's time on these options I would recommend a vertical spread to keep theta at bay.
Support 25.71
Resistance 27.77
Target 28.35, 28.75, 29.25 & 30.41
SL close below 25.75 new support.
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Bullish Unusual Options Activity on VIPS $1M PremiumNYSE:VIPS $1M in premium traded for 34.50 strike calls for April 30th expiration traded yesterday.
Unusual Activity for $34.50 calls about 10,000 contracts traded around 10:45am @ approx $0.60
On the chart the stock had a a lot of down trend and inverted hammer for close on Friday indicating bullish sentiment.
The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern.
After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears.
Stochastics struggling a but to cross over but looks promising considering the unusual activity.
Lot of time on these options I would recommend a vertical spread to keep theta at bay.
Support 27.81
Resistance 30.05
Target 32.13, 34.54, 36.61
SL close below support.
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SPY Unusual Activity $6M puts purchased after market close.Continuous 11 Green days for the SPY has placed spy in a Very Extended territory and it is looks ready to let out some steam.
Stochastics are crossing over. We also have a gap to fill down and retest 20 day SMA.
AMEX:SPY Targets 1-2 weeks out $400.70
Consider $405 Puts April 19th
Unusual options activity spotted.
Big puts order flow after market close. About $6M approx. 10,000 contracts @ 5.75 above OI 7,240 June 18th $391 strikes.
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Please comment below your thoughts and your personal target's for SPY into next week.
pennant on BA chartBullish pennant on 4H chart with declining volume. Sellers might be running out of steam. BA also popped up with unusual call option activity coming from the institutional sector just based on the size of the trades/cost of options and surprisingly they were options that expire this week.
What do you think it's going to do? Pop off and make those options print or trade sideways as lockdowns take hold again in Europe with concerns that the US may follow? The chart looks bullish but the macro factors seem bearish in the short-term.
DASH: the evening before lockup expirationThis is right before the expiration of the share lock-up for insiders. Bearishness has reached near-euphoria. A yoga teacher asked me about buying DASH puts last night. I think there's a chance we bounce at this trend support and simply slide sideways into the megaphone and wedge formed by trendiness, instead of falling down into the pit as the rest of the world tends to think.
There was some very unusual options activity today in near-term options, which implies a leakage of insider information. Options volume in these strikes was far beyond open interest.
CALLS: 5000 $172.5 weekly calls, expiring 3/12/2021 with a total premium of about $670,000.
PUTS: 10,000 $125.00 weekly puts, expiring 3/12/2021 with a total premium of about $8,030,000.
No way to tell if the call buyers were the put sellers. But block buyers in the market are long $211,250,000 in notional shares on the bet that DASH insiders are not going to dump their shares en masse, and the fear is overdone. This is a BIG BET.
I saw this and went to work selling the $95 and $110 strike puts expiring the same day, 3/12/2021.
CARG - Unusual Call options activityLarge activity in CarGurus since this name typically trades less than 400 contracts per day. On Dec 11, 5,000 Dec $25 calls closing for $3.40. 5,000 Dec $27 calls bought for $2.00. 3,800 Jan 2021 $29 calls are trading; most bought for $1.55. The golden cross is almost there (50 dma cross over 200 dma). Analyst Davidson gave the stock an upgrade friday. Beware FOMC is Dec 16th, Good Luck this week!