Airlines Are Lifting Off, Travel Tech Is Finding Its Legs, and China's Giant Is Back in Play
By Steve Strazza
April 14, 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 April 14:
*Click to enlarge view
American Airlines $AAL — The airlines have been quietly building momentum, with AAL up roughly 17% off its March lows and merger chatter adding fuel to the fire this week.
Someone showed up with 35,182 contracts of the 5/15 $15 calls — the biggest trade on the sheet by a mile — a massive bullish bet on continued upside into May earnings.
Navan Inc $NAVN — This AI-powered corporate travel and expense platform just put up 30% revenue growth and is winning major enterprise contracts.
Traders picked up 1,447 contracts of the 7/17 $17.50 calls, positioning for a move higher into the summer as the growth story continues to play out.
Alibaba Group $BABA — Chinese tech is back on the radar, with Alibaba committing $50 billion towards AI infrastructure.
Big money came in with 3,203 contracts of the 8/21 $190 calls, a longer-dated bet that this name can get up off the floor and head higher.
