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 April 17:
*Click to enlarge view
Symbotic $SYM — Warehouse automation has been one of the more resilient corners of the industrial space, and SYM is starting to reflect that again as momentum quietly rebuilds.
Traders came in with 400 contracts of the 2/19/27 $100 calls, a long-dated bet that signals conviction as the stock recaptures the VWAP from the prior highs.
Hertz Global Holdings $HTZ — The stock has already been running higher and with short interest at 21% with 10 days to cover there could be more to go..
Bullish flow showed up with 1,908 contracts of the 9/18 $10 calls.
Dow Inc $DOW — Chemicals have been under pressure, but the flow here suggests someone is positioning for a bounce before the tape gets away from them.
Traders stepped in with 10,000 contracts of the 5/15 $47.50 calls, a massive print in number of contracts.
