New money in old sectors, and three names getting positioned before the crowd catches on
By Steve Strazza
July 10, 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 10:
*Click to enlarge view
Solaris Energy Infrastructure $SEI — Oil and gas equipment doesn't get the AI-buildout headlines, but the power-hungry data center trade is dragging energy services right into the conversation. Someone's leaning into that.
199 contracts of the 11/20 $100 calls just hit, $139K in premium.
Rackspace Technology $RXT — Beaten-down infrastructure software that most desks stopped watching, and the flow just lit up in a big way. This is the kind of low-dollar name that can move fast.
3,939 contracts of the 7/24 $7 calls changed hands, by far the biggest contract count on the board.
IREN Ltd $IREN — Capital markets name that's been under real pressure, down over 20% on the month, and the options desk isn't betting on a bounce. Sellers are pressing the case for lower prices.
400 contracts of the 11/20 $33 puts stepped in, $256K in premium positioned squarely for more downside.
