One breakout in hardware, one base flipping bullish in software, one regional bank coiling for the next leg
By Steve Strazza
July 9, 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 Jul 9:
*Click to enlarge view
Dell Technologies Inc $DELL — Computer hardware has been the quiet workhorse of the AI buildout, and someone just stepped in on DELL looking to play a coil resolution.
600 contracts of the 8/7 $600 calls just hit for $480K in premium.
Datadog Inc $DDOG — Application software keeps finding buyers, and this name has been grinding higher while the desk waits for the next breakout.
316 contracts of the 10/16 $400 calls changed hands, $278K in premium backing a clean push toward new highs.
Flagstar Bank Inc $FLG — Regional banks don't grab the spotlight, but size like this is hard to ignore in a name that's been basing and looks ready to resolve higher.
4,000 contracts of the 10/16 $17 calls landed on the tape, the biggest contract count on the board and pure directional conviction.
