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 9:
*Click to enlarge view
STMicroelectronics $STM — Bullish flow showed up in this European chip name as semis continue to act well.
With price reversing higher, traders bought 1,072 contracts of the 5/15 $35 calls, positioning for follow-through strength into the spring.
Zoom Communications $ZM — One of the more resilient software names during the recent weakness is drawing fresh upside bets.
A buyer stepped in for 500 contracts of the 5/15 $115 calls, paying the ask to get long exposure.
Cloudflare Inc $NET — Even after a pullback, buyers are stepping in looking for a recovery. One trader picked up 342 contracts of the 8/21 $210 calls at the ask, targeting a move back above 210 over the next several months.
