Andrew

Options trader

[Andrew @LongGameTrading]

$LH - on Monday, traders bought 5,030 December $280 calls

That represents the largest position in LabCorp

Shares recently pulled back but have been basing nicely above the 200-day MA

Earnings on 10/28 and shares moved higher the last 4 reports

[Andrew @LongGameTrading]

$ETSY - 400 November $232.50 calls bought midday for about $15.00

Strong move above recent levels

Highlighted ETSY in the Weekend Report on Sunday, shares working out of a range ahead of earnings on 11/3 (weekly charts shown below)...

[Andrew @LongGameTrading]

$BHF - positive mention in the Greenlight Capital (David Einhorn) Q3 investor letter, one of their largest positions

Shares of Brighthouse Financial have been working above recent levels ahead of earnings on 11/4

Stock moving to three-year highs (monthly chart below)...

[Andrew @LongGameTrading]

$HUN - strong move over the last few weeks, highlighted some call activity on 9/30

On Monday, traders bought over 2,000 December $33 calls

[Andrew @LongGameTrading]

$HUN - 2,300 Jan 2022 $34 calls bought for $0.85

Yesterday, traders bought 2,045 November $31 calls and 3,290 Jan 2022 $33 calls

Call activity following recent news that Starboard has an 8% stake in Huntsman (activist hedge fund could push for changes/sale of certain assets)

[Andrew @LongGameTrading]

$XOP - nice move this afternoon, shares have been consolidating above the 8-MA

Yesterday, traders bought 5,440 November $110 calls while closing some $107 calls

Appears that more November calls rolled up today, traders adjusting to higher strikes in the Oil & Gas ETF

[Andrew @LongGameTrading]

$SKX - now seeing 900 November $44 calls bought for $3.10 after November $45 calls were bought earlier

Since 10/12, the October 29th $42/$48 call spread has opened 5,000x

Bullish positioning ahead of earnings on 10/28 and shares moved higher each of the last 3 reports

[Andrew @LongGameTrading]

$GT - strong open for Goodyear Tire, shares working to multi-month highs

Large calls remain in November and Jan 2022 expiration

[Andrew @LongGameTrading]

$GT - 5,900 Jan 2022 $19 calls bought for about $2.10

On 9/27, traders bought 13,045 November $19 calls (second largest position)

Sizable bull flow in Goodyear Tire as shares work to multi-month highs

[Andrew @LongGameTrading]

$FIVN - on 10/12, the April $160/$130 bull risk reversal opened 5,000x (traders bought $160 calls, sold $130 puts)

Also, the Nov $155/$175 call spread opened 2,200x

Earnings 11/8, shares moved higher last 6 reports

Financial Analyst Day on 11/18, shares reclaiming key level...

[Andrew @LongGameTrading]

$ADSK - shares have been working higher off a prior breakout spot

On 10/8, there were 1,875 Jan 2022 $270 puts sold to buy the $310/$330 call spread

One of the top trades that day, constructive price action recently (screenshot from the afternoon report for Premium members)

[Andrew @LongGameTrading]

$ON - large call spread opened...

7,500 Jan 2024 $45 calls bought for $10.55
7,500 Jan 2024 $60 calls sold to open for $5.35

There are many short puts sitting in Jan 2023 exp (puts were sold to open in several strikes)

Long-term positions in ON Semiconductor, earnings on 11/1

[Andrew @LongGameTrading]

$TLRY - shares of Tilray started jumping early afternoon as October 29th calls traded

In addition to the near-term contracts, the Jan 2023 $12 calls also saw activity

Volume for those Jan 2023 calls ended up being 8,900 as shares moved off recent lows (private Twitter)...

[Andrew @LongGameTrading]

$MT - calls led puts at a rate of more than 3:1 today, more activity in March and June 2022 calls

Yesterday, traders bought nearly 4,000 March $32 calls and 3,000 June $35 calls

Earnings on 11/11 and shares moved higher 3 of the last 4 reports

[Andrew @LongGameTrading]

$DKNG - 9,300 November 5th $52 calls traded this morning; most bought for $1.15

Shares are trading off the early lows along with the sizable call activity

On 10/11, traders bought over 5,700 October 29th $52 calls

Earnings on 11/5, shares moved higher 3 of the last 4 reports

[Andrew @LongGameTrading]

$DKNG - around 6,000 October 29th $52 calls bought this afternoon for $1.12

Earlier today, DraftKings was initiated with a Buy rating at Citigroup and $66 price target

Shares basing above the $47.75 level. Earnings in early November, stock moved higher 3 of the last 4 reports.

[Andrew @LongGameTrading]

$AMD - 5,000 December $120 calls have traded this morning; looks like most bought for $5.65

Yesterday, traders bought over 1,800 of those same calls

Shares are turning red to green along with the call activity, strong move recently after clearing a base above $108

[Andrew @LongGameTrading]

$DT - shares working to highs of the day, strong move this morning

Yesterday, traders bought 535 December $75 calls

Large November calls remain in open interest, bullish positioning ahead of earnings on 10/27

[Andrew @LongGameTrading]

$DT - shares of Dynatrace hitting new all-time highs following call accumulation

Mentioned this one in the pre-market yesterday (screenshot from private feed for Premium Service)

Large November calls remain in open interest

[Andrew @LongGameTrading]

$COIN - weekly calls active in the opening minutes

Shares of Coinbase jumping over 3% off the open

[Andrew @LongGameTrading]

$BKR - a bull risk reversal opened yesterday...

2,000 Jan 2023 $32 calls bought for $2.80
2,000 Jan 2023 $22 puts sold to open for $2.20

Baker Hughes has earnings on 10/20 and shares moved higher 5 of the last 6 reports

Shares are moving to two-year highs (monthly chart)...

[Andrew @LongGameTrading]

Will share some more options activity tomorrow, one more from a scan...

$OKTA - shares continue setting up in a large range, weekly chart below

On 9/1, there were over 900 Jan 2023 $220 puts sold to open (traders showing long-term support)

Worth watching, enjoy the weekend!

[Andrew @LongGameTrading]

Weekend Report will be sent on Sunday

Breadth, earnings schedule, upcoming conferences, a few stocks with options activity + technical setups/catalysts, screenshots of notable trades from last week

Premium Service ($39.99/monthly or $99.99 quarterly) - https://t.co/V4CFcyTw3x

[Andrew @LongGameTrading]

$XP - a large bull risk reversal opened today...

8,000 Feb $40 calls bought for $3.55
8,000 Feb $32 puts sold to open for $2.35

Earnings on 11/3 and shares moved higher each of the last 3 reports

Earlier today, XP was upgraded to Overweight at JP Morgan with a $50 PT