Beaten names catching call flow before the crowd circles back
By Steve Strazza
July 22, 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 July 22:
*Click to enlarge view
Hut 8 Corp $HUT — Crypto infrastructure names have been under pressure, but HUT is beginning to stabilize as the group attempts to build a base.
241 contracts of the 10/16 $200 calls traded for $122K in premium, a bullish bet on a continued recovery.
Guidewire Software Inc $GWRE — One of the strongest-performing stocks over the past month continues to attract buyers as it consolidates near its highs.
459 contracts of the 8/21 $150 calls hit the tape for $195K in premium
Navitas Semiconductor Corp $NVTS — After one of the steepest pullbacks on the board, traders are betting the worst is behind it.
4,363 contracts of the 8/7 $15 calls traded for $393K in premium, signaling expectations for a sharp rebound.
