Call Traders Swarm Lululemon Stock This Holiday Season

The December 320-, 325-, and 330-strike puts are most active on BA

by Emma Duncan

Published on Dec 16, 2019 at 12:47 PM

The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stock highlighted in yellow is new to the list, while those such as Walt Disney Co (NYSE:DIS) are keeping up with the high options volume and continuing to make headlines. Below we will take a deep dive into a handful of other notable names on the list, including Lululemon Athletica Inc (NASDAQ:LULU)Boeing Co (NYSE:BA), and Freeport-McMoRan Inc (NYSE:FCX).

MAO Chart December 16

Lululemon Athletica stock has been on a relatively steady climb up the charts in 2019, now 86% higher year-to-date. And although the equity recently suffered a brief pullback, a floor of support emerged at the $220 mark. At last check, LULU is up 1.3% at $226.40. Within the past two weeks, 157,162 call options and 121,302 put options have been traded, more than twice the average rate. Today, the December 225 and 230 calls are most active, with a combined 5,443 contracts exchanged so far.

Boeing stock is making headlines this morning, buzzing on news the company is deciding whether or not to stall or completely halt 737 Max production. The equity is just above breakeven year-to-date, and was last seen down 3.3% at $328.61. During the past 10 trading days, 159,299 calls and 140,955 puts have been trading on BA. Puts are looking popular this afternoon, with the December 320, 325, and 330 strikes most active. 

Mining name Freeport-McMoRan has seen 189,533 call options and just 45,013 puts options exchanged within the past two weeks. During this time frame, the December 12 call has seen the most action, with nearly 27,000 contracts traded. FCX is continuing its journey back near annual high territory this afternoon, up 2.2% at $13.16, at last glance. The shares bounced off their 30-day moving average back on Dec. 3 just after a brief late-November pullback, and are now 28% higher year-to-date.


A Schaeffer's exclusive

11 Stocks to Buy Before Leap Day

Access your FREE insider report before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
March Kicks Off with Nonfarm Payrolls, Retail Earnings
Several retail names, including Target, will close out a wild earnings season
Etsy Stock Scores After Substantial Earnings Beat
An exodus of short sellers could fuel more tailwinds
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.