The Daily 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 March 23:

*Click to enlarge view

Viavi Solutions $VIAV — Viavi tests and monitors networks for telecoms, cloud providers, and defense customers. AI infrastructure spending is pulling the whole sector higher.

Bullish flow showed up with 900 contracts of the 6/18 $50 calls, an out-of-the-money bet on a stock that has already resolved a multi-decade base.

Snowflake $SNOW — As a core data platform for enterprise AI workloads, Snowflake remains a key beneficiary of the next leg in software demand.

Traders stepped in with 615 contracts of the 5/1 $205 calls, a near-term bet on a breakout from its tight consolidation.

Fifth Third Bancorp $FITB — Following its Comerica merger, the bank is now one of the largest regionals in the U.S., putting it back on the radar as financials regain attention.

Bullish flow came in strong with 2,500 contracts of the 5/15 $46 calls (~$500K premium), the largest print of the session and a clear signal of upside positioning in this expanded regional bank.