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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 28:

*Click to enlarge view

Broadcom $AVGO – Going against the broader semiconductor strength, one trader is positioned for a near-term downside move.

They bought 6,650 contracts of the 2/6 $325 puts. 

Vale $VALE – Metals-related trades have been among the strongest themes lately.

Following a recent trend reversal, one trader is taking a longer-term bullish stance, purchasing 3,847 contracts of the 9/19 $21 calls.

C.H. Robinson $CHRW – With shares pressing into fresh all-time highs and earnings due after the close, a trader is positioning for continued upside.

They bought 500 contracts of the 5/15 $210 calls.