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 February 5:
*Click to enlarge view
Novo Nordisk $NVO — With the stock sitting near its lows, a trader placed a bullish mean-reversion bet worth more than $750K.
They bought 19,000 contracts of the 2/20 $51 calls. With just two weeks to expiration, the move higher would need to happen fast for this trade to pay off.
Bitmine Immersion Technologies $BMNR — As selling pressure builds in crypto-related names, one trader is leaning further into the downside.
They purchased 5,031 contracts of the 3/20 $12 puts.
Sealsq Corp $LAES — With tech weakness spilling over into semiconductors, a trader stepped in with a short-term bearish position.
They bought 8,500 contracts of the 3/20 $2.5 puts, roughly 35% out-of-the-money. Continued pressure in the chip space could quickly make this a high-payoff trade.
