Investment banks positioning, leisure brands under pressure, and AI healthcare accelerating
By Steve Strazza
June 4, 2026
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 Jun 4:
*Click to enlarge view
Goldman Sachs Group Inc $GS — Investment banking activity appears to be heating up, and traders are positioning for further upside.
Two bullish trades hit the tape: 155 contracts of the 3/19/27 $1470 calls and 477 contracts of the 8/21 $1450 calls, signaling conviction in a continued move higher.
Amer Sports Inc $AS — The options market is taking a more cautious view on this athletic apparel name.
Bearish LEAP positioning included 350 contracts of the 1/21/28 $30 puts and 2,587 contracts of the 1/15/27 $25 puts, suggesting expectations for further weakness.
Tempus AI Inc $TEM — Healthcare AI remains a powerful theme, and traders continue to lean into the story.
Bullish flow showed up in 1,500 contracts of the 8/21 $75 calls and 412 contracts of the 12/18 $80 calls, a clear bet on continued growth and momentum.
