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 29:

*Click to enlarge view

Smurfit WestRock PLC $SW — Packaging and containers have been flying under the radar, but real capital is starting to move in.

2,355 contracts of the 1/15 $50 calls were bought for $877K, a long-dated bet that this industrial name is ready to break out.

Rivian Automotive Inc $RIVN — The EV space has been largely written off, but someone just placed a patient two-year bet on a full recovery.

1,000 contracts of the 12/15/2028 $33 calls traded for $425K, the kind of time horizon that reflects genuine conviction at current levels.

Red Cat Holdings Inc $RCAT — Defense spending is pouring into drone technology, and this small-cap aerospace name keeps drawing big money.

866 contracts of the 10/16 $32 calls were purchased for a longer term approach in a bullish print on a stock already up 31% over the past month.