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 24:

*Click to enlarge view

Exxon Mobil $XOM — Oil majors are back in focus as crude prices surge on Middle East supply risk.

Bullish flow came in with 1,000 contracts of the 5/15 $195 calls, a directional bet as this consolidation looks ready to resolve higher.

Paychex Inc $PAYX — The stock has been grinding lower for months, with little evidence yet of buyers stepping in.

Bearish flow showed up with 1,398 contracts of the 9/18 $80 puts, positioning for continued downside in this payroll name.

Globalfoundries Inc $GFS — A key domestic foundry benefiting from CHIPS Act tailwinds and strategic partnerships, GFS is gaining traction again.

Traders stepped in with 4,364 contracts of the 5/15 $55 calls, signaling conviction that this semiconductor name is just getting started.