Today, November 10, 2021, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Curis, Inc., which opened at $5.72.
Altogether, these contracts represent approximately 600,000 shares and $225,000 in premium traded. As the December 17th expiration chain has approximately 3,100 volume and 4,400 open interest, it might be intuited these puts were rolled out to a later date.
These orders come after Curis, Inc. reported its Q3 earnings.
As seen, bullish premium accounts for 86.7% of the volume at these levels, with 86.7% being ask-side orders, and 100% being in call premium traded.
Again in the NYSE, we saw unusual or noteworthy activity in Roblox Corporation (RBLX), which opened today at $103.98.
There were a series of unusual contracts traded on the $92 strike puts, $100 and $110 strike calls, all for relatively shorter dates, such as the November 19th and December 23rd, 2021 expirations.
Altogether, of orders greater than $25,000 and at least 150 contracts ordered, there have been 6,536,897 in calls and 7,443,453 in puts traded, with the most premium-laden expiration being the December 23rd chain with over $97,583,542 in bearish premium traded.
In addition to the above, it is suspected a series of put orders came through, potentially from the same trader or entity:
These orders after Medha Singh and Tiyashi Datta of Reuters reported that “Cathie Wood's ARK Invest has sold some Roblox RBLX.N stock, cashing in on its 42% jump on Tuesday following the gaming company's strong quarterly results”.
As seen, bullish premium accounts for 63.5% of the volume at these levels, with 65.3% being ask-side orders, and 97% being in call premiums traded.
Finally, in the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Electronic Arts Inc. (EA), which opened at $139.67.
Altogether these orders approximately 600,000 shares and $1,026,000 in premium traded. The open interest on the $143 strike call contracts was approximately 2,100, which was greater than its volume of 2,000; therefore it cannot be established whether the $143 strike calls were bought or sold to open or to close.
These orders come after Trefis Team’s Trefis reported:
“Going by our Electronic Arts’ Valuation, with an EPS estimate of $6.79 and a P/E multiple of 25x in 2022, this translates into a price of $170, which is 20% above the current market price of around $142.”
This is a hypothetical trade, in which the calculation above is taken from the November 21st date, with the $143 strike call removed from the strategy, to visualize the $145 and $155 strike call options as a part of a call debit spread, which would be a bullish bet with a limited upside and downside.
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