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 20:

*Click to enlarge view

HIVE Digital Technologies $HIVE — Up over 52% in the past month, and someone just backed the truck up.

3,445 contracts of the 12/18 $5 calls hit for over $400K, a big capital markets bet that the crypto infrastructure trade still has legs.

T1 Energy $TE — Electrical equipment is quietly building, and TE is showing up on the flow radar for a reason.

1,600 contracts of the 8/21 $16 calls hit the tape, a clean bullish print in a name that's already up nearly 75% over the past month.

Progyny $PGNY — Healthcare plans are getting attention, and someone is betting PGNY continues to recover.

2,000 contracts of the 11/20 $30 calls hit for $460K, a sizable commitment that this beaten-down fertility benefits name is ready to reassert itself.