Natural gas has been on the decline for several weeks and it has taken natural gas producers down with it. One producer, Antero Resources (AR), may be set for a rebound, according to the options market. A trader purchased 6,000 of what appear to be bullish call spreads in AR that expire in March. It […]
Author: Jay Soloff
Trade of the Week: BP
Oil giant BP (BP) posted strong earnings last week, accompanied by a dividend hike and share buyback. The stock price jumped from $34 to over $38 in just two days. Judging by a block trade in BP options, the stock could remain elevated into March. A trader purchased 10,000 covered calls which collect about 1% […]
Will PTON’s Positive Momentum Continue?
Embattled gym equipment company Peloton (PTON) has reversed course in 2023. The stock is up a whopping 114% for the year. A recent block of PTON options suggest there could be another 30% of upside in the next month or so. An out-of-the-money calendar spread traded last week that is maximized if PTON ends up […]
Trade of the Week: SNAP
Snap (SNAP), parent company of popular social media app Snapchat, posted fairly brutal earnings last week. Concerns over future revenues sent the share price down 10% the following day. However, the options market showed that at least one trader had a differing opinion. A large block of 20,000 calls were purchased, which don’t expire until […]
Are Chinese Internet Stocks Set To Rebound in 2023?
The Kraneshares CSI China Internet ETF (KWEB) is a popular ETF for options trading with 120,000 contracts traded per day on average. KWEB can be volatile but it has rebounded significantly from November of last year. Last week, a trader purchased over 20,000 of what appear to be bullish call spreads in KWEB March options. […]
Trade of the Week: MFIN
Medallion Financial (MFIN) is a credit services company that made its name through taxi medallion financing in New York City. It has since diversified its businesses as ride sharing has become mainstream, and the stock has done well so far in 2023. However, a large trader or fund bought thousands of March 5 puts last […]
Is Google Set For A Rebound?
2022 was a tough year for internet search giant, Alphabet (GOOGL). Could the share price recover in 2023? At least for the next 3 months, one trader or fund thinks the stock has over 10% upside potential. The trader placed a large block of covered calls, which allows for about $12 of upside in the […]
Trade of the Week: Silver
A large options block trade in iShares Silver Trust (SLV) made last week could be what is known as a collar trade. SLV is the most popular ETF for trading silver and is generally very active when it comes to options. Two very large blocks of puts and calls traded tied to stock (expiring in […]
Is Carvana The Next Big Meme Stock?
There wasn’t a lot of meme stock action in 2022, but 2023 has been a different story so far. Bed Bath & Beyond (BBBY) has seen plenty of meme options action, and so has Carvana (CVNA), which appears to be the latest choice for meme stock traders. On a huge up day for the stock […]
Trade of the Week: Google
Earnings season is upon us, so there tends to be a lot of big options trades as strategists position themselves for the results. 2022 was a rough year for many tech stocks, including Alphabet Class C Shares (GOOG). However, what appears to be a large bullish call spread traded recently in GOOG options. The call […]