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 January 16:
*Click to enlarge view
Builders Firstsource Inc $BLDR - With the homebuilder space starting to pick up steam, bullish flow is ramping up.
Today we saw a large buy of 5,800 contracts in the 3/20 $160 calls.
Datadog Inc $DDOG - Unusual activity in LEAPS suggests investors are positioning for extended moves after recent pressure in software.
One trade: 166 contracts of the 1/21/2028 $260 calls. Another, larger trade: 496 contracts of the 7/17/2026 $185 calls.
Both strikes are well out-of-the-money, signaling expectations for a significant move.
Cipher Mining $CIFR - Crypto is showing signs of life, and one buyer is betting on higher prices.
We observed 8,425 contracts purchased in the 6/18 $35 calls — nearly double today’s trading level, highlighting strong conviction for a move before June.
