Unusual Options Activity in Barclays PLC (BCS)

Today, among the underlying components of the NYSE, we saw additional unusual or noteworthy options trading volume and activity in Barclays PLC (BCS), which opened at $10.26.

There were a total of 10,000 contracts traded on the $10 strike call option at the ask, dated for October 15th, 2021, representing approximately 1,000,000 shares.

These orders come after a report that Barclays, despite its history with fiduciary responsibilities, might deserve more attention at this price.

Unusual Options Activity in Mirati Therapeutics, Inc. (MRTX)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Mirati Therapeutics, Inc. (MRTX), which opened at $170.24.

There were a total of 1,760 contracts traded on the $170 strike call option at the ask, dated for October 15th, 2021, representing approximately 176,000 shares.

There was an additional set of 1,760 contracts traded on the $210 strike call option at the bid, dated for October 15th, 2021, representing another 176,000 shares.  

As seen, these orders came as a part of a strategy known as a vertical debit spread, which at the time of entry had approximately a 33.4% probability of profit with a maximum risk of $2,252,800 and a maximum return of $4,787,200, which represents a 212.5% maximum return on risk.  The breakeven for this strategy would be approximately $182.80.

Unusual Options Activity in Wayfair Inc. (W)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in Wayfair Inc. (W), which opened at $279.84.

There were a total of 2,000 contracts traded on the $320 strike call option at the ask, dated for January 20th, 2023, representing approximately 200,000 shares.

Additionally, there were a total of 2,000 contracts traded on the $320 strike call option, also at the ask, dated for June 17th, 2022, representing another 200,000 shares.

These orders come after BofA Securities lowers Wayfair's price target to $302 from $310 and maintains a neutral rating.

For further information on the unusual options activity of BCS, MRTX, and W visit unusualwhales.com.

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