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Follow the Flow

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 22:

*Click to enlarge view

Helix Energy Solutions Group $HLX - The energy sector is off to a strong start this year, and momentum looks sustainable.

Two bullish trades stood out: 1,688 contracts of the 9/18 $10 calls and 2,496 contracts of the 6/18 $10 calls.

Array Technologies Inc $ARRY - Solar continues to show upside potential, and one buyer reinforced that view by purchasing 4,999 contracts of the 5/15 $17 calls — roughly 70% out-of-the-money, signaling strong conviction.

Duolingo Inc $DUOL - Landing at the bottom of the leaderboard for the past month, this stock remains under pressure.

One bearish bet was placed with 375 contracts of the 1/15 $75 puts for January 2027, highlighting a clear directional stance.