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 29:

*Click to enlarge view

Expedia Group $EXPE — The consumer isn't spending less, they're spending differently — and experiences are winning.

213 contracts of the 12/18 $360 calls traded for $277K, a big long-dated bet that this major coil resolves higher.

Galaxy Digital Inc $GLXY — Up nearly 50% in a month, and now traders are getting defensive.

1,181 contracts of the 7/17 $22.5 puts were purchased, a clear signal that someone wants downside protection after that monster move.

Abercrombie & Fitch $ANF — Apparel retail is on the wrong side of the consumer rotation, and the bears know it.

242 contracts of the 7/17 $75 puts reflect continued bearish positioning.