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 27:

*Click to enlarge view

Patterson-UTI Energy $PTEN — The stock is seeing energy activity ramp across the Permian and other key basins.

12,635 contracts of the 8/21 $12 calls traded, putting $2M in premium to work — a clear bet on a meaningful move higher before August expiration.

Bloom Energy $BE — The fuel cell company has been a market standout, surging over 600% in the past year on AI data center power demand.

Bears stepped in with 598 contracts of the 1/21/28 $115 puts, paying $3M in premium — a long-dated, high-conviction downside bet.

General Electric Co $GE — GE Aerospace is the pure-play aviation engine company post-breakup, with a $190B order backlog and engine services growing mid-teens.

Long-dated conviction showed up with 254 contracts of the 1/21/28 $440 calls, positioning patiently on a name sitting on key support.