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 April 7:

*Click to enlarge view

Hertz Global Holdings $HTZ — The rental car space has been under pressure, but this kind of flow is hard to ignore.

Traders swept 13,373 contracts of the 5/15 $7.5 calls — the largest contract count on the tape — a massive bet on a near-term reversal.

Advanced Micro Devices $AMD — Semis remain volatile, but longer-dated bets suggest smart money is positioning for recovery.

Bullish flow came in with 981 contracts of the 9/17/27 $400 calls, a patient, high-conviction bet on a move back to much higher levels.

Trade Desk $TTD — One of the hardest-hit areas, and bears are still pressing.

3,324 contracts of the 6/18 $12.5 puts traded — the second-largest print today — signaling continued downside pressure.