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 April 28:

*Click to enlarge view

Celestica Inc $CLS — Electronic components remain one of the strongest pockets in the market.

Traders stepped in with 623 contracts of the 7/17 $450 calls, putting $1.7M in premium to work.

Tango Therapeutics $TNGX — Biotech flow continues to build as momentum starts to re-emerge.

Bullish activity hit 2,980 contracts of the 6/18 $30 calls, roughly $1M in premium.

Procept BioRobotics $PRCT — Medical devices are under pressure, and this one is starting to crack.

Bearish flow showed up with 4,000 contracts of the 5/15 $20 puts, a notable downside print.