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 18:

*Click to enlarge view

Transocean $RIG — Offshore drilling is starting to pick up steam, and the options market is confirming.

3,312 contracts of the 7/17 $8 calls traded today, a near-term bullish bet on a stock that's already up over 27% in the past month.

Celcuity $CELC — Hot biotechs can still be found if you know where to look, and someone just made a massive long-dated commitment.

180 contracts of the 1/21/28 $180 calls hit for $750K in premium, a multi-year bet that this story is nowhere close to finished.

Archer Aviation $ACHR — The bears showed up here in size.

5,842 contracts of the 10/16 $5 puts traded for $432K, a clear signal that someone is positioning for downside right near current levels.