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The Daily Flow

Big money votes on Energy, Biotech, and China

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 March 9:

*Click to enlarge view

Venture Global $VG — Natural gas infrastructure continues to hold firm as export demand stays strong.

Bullish flow showed up with 2,936 contracts of the 5/15 $20 calls, signaling conviction for more upside ahead.

CytomX Therapeutics $CTMX — Biotech is starting to attract fresh attention as pipeline stories heat up and capital rotates back into the space.

Traders swept 1,999 contracts of the 3/20 $6 calls, a clear bet on near-term catalysts.

Kingsoft Cloud Holdings $KC — Chinese cloud names are quietly gaining momentum as AI demand and enterprise digitization continue to expand.

Longer-dated interest appeared with 698 contracts of the 8/21 $20 calls, suggesting positioning for a broader recovery move.