The Daily Flow

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 24:

*Click to enlarge view

JPMorgan Chase & Co $JPM — The biggest bank on the board keeps pressing to new ground while the rest of the group tries to keep pace. 

542 contracts of the 10/16 $405 calls just hit for $113K in premium.

Devon Energy Corp $DVN — A big bet made in DVN for another leg higher with energy as a whole looking to do the same.

1,696 contracts of the 12/18 $57.5 calls just changed hands for $207K.

Nokia Oyj $NOK — After a nasty drawdown NOK finds itself right back to the VWAP from the all-time highs.

1,999 contracts of the 12/15/28 $12 calls stepped in for $640K in premium.