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 Jun 8:

*Click to enlarge view

United Microelectronics Corp $UMC — Semiconductors have been hot and someone sees a dip buying opportunity in this Taiwan foundry name.

Multiple transactions today, one for 2,000 contracts of the 10/16 $26 calls and another for 1,258 contracts of the 1/15/27 $26 calls.

Enphase Energy Inc $ENPH — At one point ENPH was the hottest stock in the market but after a rough drawdown, this beaten down name has been forgotten.

573 contracts of the 8/21 $95 calls hit the tape for $154K.

Nlight Inc $LASR — After a monster run, the options market just signaled bearish conviction with a longer-dated December position.

548 contracts of the 12/18 $40 puts traded for $280K.