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 May 4:

*Click to enlarge view

Xerox Holdings Corp $XRX — Up over 100% in a month. 

Someone just bought 9,449 contracts of the 10/16 $1.5 puts — the largest contract size on the sheet today.

Critical Metals Corp $CRML — The commodity cycle isn't over. It's just getting started in the names nobody's watching yet.

1,063 contracts of the 6/18 $17.5 calls a bullish bet on a stock already up 59% in a month. 

Klaviyo Inc $KVYO — The crowd gave up on Klaviyo months ago. Someone clearly didn't get the memo.

1,075 contracts of the 7/17 $30 calls were purchased and with the stock coming off a double bottom setup it may be poised for higher prices.