This note highlights a select group of stocks showing the most unusual — and highly directional — options activity.
The goal is simple: follow the big money and trade in the direction of the underlying trend.
Here is the list of Unusual Options activity from January 12:
*Click to enlarge view
Standard Lithium $SLI – With the stock trading comfortably above its VWAP from all-time highs, a call buyer is making a big bet that there are more gains to come.
They purchased 5,000 contracts of the 7/17 $10 calls, making this one of the largest bullish bets of the day given the size and strike selection, roughly double the current price.
CoreWeave Inc $CRWV – The stock was up about 12% today with positive comments from management regarding the life of their GPUs in data centers.
A buyer, potentially anticipating a near-term price increase for the stock, acquired 1,358 contracts of the $115 calls with a 2/20 expiration.
Concentrix Corp $CNCX – With the stock in a long term downtrend and earnings on deck before the open tomorrow, a put buyer is positioning for a negative reaction.
They purchased 4,000 contracts of the 4/17 $35 strike puts, an aggressive entry above the ask price, and notable due to the out-of-the-money strike selection.
