NVDA, NKE, and CM: Bet on These 3 Stocks With Surging Unusual Options Activity for 2026 Gains

Group 1: Market Overview - The S&P 500 has experienced four consecutive years of gains, despite concerns over valuations [2] - A Bloomberg survey of 21 analysts predicts a 9% gain for the index by the end of 2026, indicating potential pockets of strength [2] Group 2: Canadian Imperial Bank of Commerce (CIBC) - CIBC is Canada's fifth-largest bank, with total assets of CAD$1.12 trillion (approximately $815.9 billion) as of October 31, 2025 [4] - The bank's P/E ratio is currently 14.77, above its five-year average of 11.94, suggesting that the stock is not a bargain [6] - On December 26, 2025, CIBC had an options volume of 155,863, which is 1,788% higher than its 30-day average, indicating unusual options activity [6][7] - All eight unusually active options on December 26 were calls expiring on January 16, and the volume is not related to earnings as Q1 2026 results will be released on February 20 [7] - Analysts covering CIBC have given it an Outperform rating with a score of 2.44 out of 5, indicating a lukewarm outlook [8]