A monster semi bet, a bearish EV stake, and an industrial name pressing higher
By Steve Strazza
June 29, 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 Jun 29:
*Click to enlarge view
Broadcom $AVGO — The stock is down about 19% on the month, but somebody just put eight figures of conviction behind a turn.
26,000 contracts of the 10/16 $410 calls hit for a staggering $72.5M in premium, the kind of bet that says the lows are in.
Li Auto $LI — Chinese EVs keep bleeding, and this name is already off more than 18% over the last month. The flow says the pain isn't done.
4,749 of the 8/21 $10 puts changed hands for $157K, a clear bet on further downside from here.
Regal Rexnord $RRX — Specialty industrial machinery doesn't get much airtime, but this one is grinding higher. Someone is positioning for the next leg.
849 contracts of the 7/17 $250 calls stepped in for $250K, backing a breakout above the current range.
