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 26:
*Click to enlarge view
Apple $AAPL – With the stock in a corrective phase, one trader is betting the retest of last year’s highs will hold as support.
They made the largest trade of the day, spending roughly $18 million on 35,891 contracts of the 5/15 $285 calls.
Oracle $ORCL – As software bounced today, one buyer appears to be positioning for a failed breakdown in ORCL.
A move back above $190 would put bulls back in control, but time is tight with expiration set for this Friday. Over $2 million was spent on 19,806 contracts of the $195 calls.
TeraWulf $WULF – While crypto-related names have struggled, one trader is betting this coiled setup resolves higher.
They bought 1,853 contracts of the 4/17 $16 calls, anticipating a volatility expansion to the upside over the coming months.
