Unusually Active Options: 3 Long Strangle Plays to Watch This Weekend
Yahoo Finance·2025-10-17 17:30

Options Activity - The Nov. 14 $3 call option for Tilray (TLRY) was notably active, with a volume of 148,312, representing nearly 10% of its open interest [2] - The call options outpaced put options with a ratio of 754 to 434, indicating a bullish sentiment [3] - The $3 call's Vol/OI ratio was 3.64, suggesting unusual activity, with 99% of trades being for 10 contracts or more [1][2] Long Strangle Strategy - A long strangle strategy was proposed involving the Nov. 14 $3 call and a $1.50 put, with a net debit of $0.35, which is 23.1% of the share price [8] - The upper breakeven price for this strategy is $3.35, while the lower breakeven price is $1.15 [8] - To profit, the stock must rise by 121.3% or fall by 24.04% from the current share price [9] Palantir Analysis - Palantir (PLTR) has shown strong bullish indicators with numerous call and put options having Vol/OI ratios over 1.0 [11] - The net debit for a long strangle on Palantir is $4.13, which is 2.3% of its closing price of $178.12 [12] - The expected move for Palantir is 7.82%, indicating a need for significant price movement to achieve profitability [12] Amer Sports Insights - Amer Sports has seen a decline of 16% in the past month, raising questions about the sustainability of its gains since its IPO [15] - The Nov. 21 $40 call option for Amer had a Vol/OI ratio of 8.74, indicating unusual activity [17] - The expected move for Amer is 14.05%, with a recommended long $40 call and long $35 put strategy [19]