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The Daily Flow

Three names the consumer-and-machine-vision crowd ignores, and big money just pressed the bid on all three

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 30:

*Click to enlarge view

Home Depot $HD — The big-box retailer everyone treats as a rate-sensitive doorstop, but it's been quietly grinding higher with a 13.5% month behind it.

1,280 contracts of the 10/16 $400 calls hit the tape for $714K in premium, a clear bet this run keeps extending.

Cognex Corp $CGNX — Machine vision doesn't get much attention, yet the stock is pressing higher and someone wants more upside before August.

1,715 of the 8/21 $90 calls changed hands for over $400K, betting the short term coil resolves higher.

Indie Semiconductor $INDI — A small-cap chip name down 7.8% on the month and written off by most, which is exactly when this kind of size shows up.

4,327 contracts of the 8/21 $5.5 calls just landed for $151K, pure conviction on a snapback from the lows.