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The Daily Flow

Big money hit three corners of the market today with real size and clear conviction

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 22:

*Click to enlarge view

TTM Technologies Inc $TTMI — The electronic components space was catching a bid today, and TTMI was one of the stocks that saw someone put serious money where their conviction is.

300 contracts of the 9/18 $310 calls changed hands for $570K in premium.

Upstart Holdings Inc $UPST — Credit services have been a battleground all year, but UPST looks ready to resolve higher from a tight coiled pattern and buyers are backing the move with size.

1,052 contracts of the 8/21 $42.5 calls traded for $147K, a clear vote of confidence that the next move is to the upside.

IONQ Inc $IONQ — The quantum computing story keeps building momentum, and IONQ's chart structure is coiling tight after a strong rally off the lows.

1,461 contracts of the 7/24 $72 calls hit the tape for $334K, positioning for another leg higher into late July.