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 31:

*Click to enlarge view

Liquidia Corporation $LQDA — Momentum is building following the Yutrepia launch, and the market is starting to take notice.

Traders stepped in with 500 contracts of the 4/17 $47.5 calls, a bullish bet right as price tests the post-IPO highs.

Celestica Inc. $CLS — One of the cleaner AI infrastructure plays, with demand accelerating and a raised 2026 revenue target to $17B.

A buyer came in with 350 contracts of the 5/15 $165 calls, a straightforward upside bet as the stock consolidates near highs.

APA Corporation $APA — Permian-focused E&P that’s been on a tear, up over 30% in the past month with strong free cash flow.

Longer-dated conviction showed up with 156 contracts of the 1/21/28 $95 calls, a patient bet allowing for consolidation before the next leg higher.