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 February 6:
*Click to enlarge view
Li Auto Inc $LI — After a strong rally, one trader is betting on more upside, purchasing 2,165 contracts of the 3/20 $21 calls.
Wayfair Inc $W — With Wayfair pulling back from recent highs, one buyer is stepping in to buy the weakness.
They grabbed 2,500 contracts of the 5/15 $100 calls.
DigitalOcean Holdings Inc $DOCN — Despite broader software weakness, a trader is leaning into DOCN’s relative strength, buying 450 contracts of the 8/21 $90 calls.
With the strike 50% above today’s price and the trade executed aggressively above the ask, it immediately stood out.
