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 30:

*Click to enlarge view

Affirm Holdings $AFRM — Fintech names have had a rough stretch as credit concerns and macro pressure weigh on sentiment across the BNPL space.

Bearish flow hit hard with 3,263 contracts of the 4/24 $35 puts, one of the largest put prints of the day, signaling continued downside conviction.

Rivian Automotive $RIVN — EVs are still choppy, but Rivian is starting to attract renewed interest as production and deliveries stabilize.

Bulls stepped in with 7,585 contracts of the 4/24 $16 calls, a clear bet on a near-term bounce.

JPMorgan Chase $JPM — Macro uncertainty and credit fears are weighing on big banks.

Traders positioned with 819 contracts of the 4/24 $255 puts, a measured downside bet that JPM may face further weakness.