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 26:

*Click to enlarge view

L3Harris Technologies $LHX — Defense spending is accelerating globally, and L3Harris is right at the center of that trend.

A buyer stepped in with 500 contracts of the 1/15/27 $370 calls, a patient bet on continued upside in this large-cap defense name.

Calumet Inc $CLMT — The company is undergoing a major transformation, with specialty chemicals margins running well above historical norms.

Bullish flow showed up with 1,500 contracts of the 4/17 $31 calls, signaling confidence in further upside.

Hallador Energy Co $HNRG — Thermal coal may be overlooked, but Hallador continues to execute as both a producer and independent power operator.

500 contracts of the 1/15/27 $25 calls crossed the tape — a longer-dated bet on sustained upside in this small-cap name.