Most Active Weekly Options: Twitter Inc and GoPro Inc

Option traders switch sides on bouncing Twitter Inc (NYSE:TWTR), while put buyers see a bigger slide for GoPro Inc (NASDAQ:GPRO)

Feb 18, 2016 at 11:44 AM
facebook X logo linkedin

The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Stocks highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two notable names are microblogging stock Twitter Inc (NYSE:TWTR) and wearable camera company GoPro Inc (NASDAQ:GPRO).


TWTR has been bathed in negative sentiment -- both in and out of the options arena -- of late. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), for example, the equity's 10-day put/call volume ratio of 0.77 rests above all other comparable readings taken in the past year.

Today, though, with the stock up 0.6% at $17.57 on news Executive Chairman Omid Kordestani and Chief Financial Officer Anthony Noto bought more than 122,000 and 15,500 shares, respectively, calls are crossing the tape at an accelerated clip. Most active are Twitter Inc's February and January 2018 18-strike calls, which could possibly be seeing buy-to-open activity. If this is the case, these call buyers expect TWTR to extend its Presidents Day momentum in both the short and long term.

Put buyers have also been active in GPRO's options pits in recent months, per the security's 50-day ISE/CBOE/PHLX put/call volume ratio of 0.66 -- in the 93rd annual percentile. This morning, puts are trading at a slightly higher-than-usual clip, and it looks like speculators could be initiating new long positions at the security's February 12 strike -- which expires at this Friday's close.

From a wider perspective, while peak put open interest of 8,542 is located at the deep in-the-money February 20 strike, a lofty accumulation of front-month put open interest is currently found at the February 10 strike. According to the ISE, more than 2,800 contracts have been bought to open since late December. In other words, a number of speculators expect GPRO to finish the week in single-digit territory. At last check, the shares of GoPro Inc were off 4.7% at $12.38.

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI