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 24:
*Click to enlarge view
Intel Corp $INTC — Semis are ripping, and Intel is leading. Up 75% in a month and now above its dot-com highs.
2,291 contracts of the 7/17 $105 calls traded for $1M+, a big near-term bet the breakout sticks.
Lennar Corp $LEN — Homebuilders have been quietly holding in, and that patience may be about to pay off.
662 contracts of the 12/18 $125 calls signal a longer-term bullish setup.
Ross Stores $ROST — When the consumer gets squeaky, off-price retail wins. ROST is the cleanest expression of that trade right now, and the flow agrees.
325 contracts of the 1/15/27 $280 calls point to sustained outperformance.
