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 13:
*Click to enlarge view
Devon Energy Corp $DVN – Options flow leaned bullish across energy today, with the sector leading the market.
We spotted two notable call buys expressing upside exposure at the same strike but different time horizons: 2,648 contracts of the 2/6 $40 calls and 4,150 contracts of the 4/17 $40 calls.
Together, they suggest bullish positioning both near- and intermediate-term.
Meta Platforms $META – The stock has been a laggard among its Mag 7 peers recently, and one trader is betting that relative weakness continues.
Multiple put transactions crossed the tape, all expiring January 30th: 4,999 contracts at the $575 strike and another 1,950 contracts at the $560 strike.
Bakkt Holdings $BKKT – BKKT continues to stand out as the top performer on our list over the past month.
A notably aggressive bullish bet hit the wire with the purchase of 2/20 $30 calls. The strike sits roughly 50% out of the money with just over a month to expiration, making this one of the more speculative and bullish trades of the day.
