Three names lining up for the next leg, and the flow already committed
By Steve Strazza
July 23, 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 July 23:
*Click to enlarge view
Chord Energy Corp $CHRD — Oil and gas E&P has been leading, and this one is pushing back toward its 52 week highs with room to run into next year.
200 contracts of the 1/15/27 $165 calls just hit for $140K.
Revolution Medicines Inc $RVMD — One of the strongest biotech names on the board right now with buyers reaching for upside with real size.
498 contracts of the 9/18 $230 calls changed hands for $257K.
VNET Group Inc $VNET — A beaten down data center name that most traders stopped watching. Biggest contracts count on the entire sheet bidding at the lows of the range.
5,498 contracts of the 9/18 $10 calls just landed for $264K.
