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 27:
*Click to enlarge view
Dell Technologies $DELL — Dell crushed earnings on record AI server demand, and traders are still pressing the upside.
Bullish flow hit with 1,000 contracts of the 1/15/27 $210 calls, deploying roughly $985K in premium — a long-dated vote of confidence in sustained AI-driven growth.
Vera Therapeutics $VERA — Rare disease biotech remains a hotbed for speculative capital, and bulls stepped in with 2,533 contracts of the 3/20 $45 calls.
Applied Optoelectronics $AAOI — Fiber and data center connectivity names are regaining momentum as AI infrastructure buildout keeps demand elevated.
Bullish flow showed up in size with 1,751 contracts of the 6/18 $85 calls, representing over $3M in premium — a notable bet in a small-cap leader that’s been outperforming.
