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 7:

*Click to enlarge view

POET Technologies $POET — Semiconductors are where the conviction lives right now, and POET is one of the clearest expressions of that.

5,582 contracts of the 10/16 $14 calls hit the tape, putting $1.2M in premium to work on the bullish side.

Himax Technologies $HIMX — More semiconductor flow, and this one has the recent monthly performance to back it up.

Traders bought 2,534 contracts of the 12/18 $23 calls, adding $786K in bullish premium to a name already up over 83% in the last month.

Whirlpool $WHR — Consumer durables are not where you want to be, and someone just bet big on more pain ahead.

Bearish flow came in with 4,231 contracts of the 6/18 $35 puts, placing a bet on the downside in a name already down 11.6% over the last month.