Unusual Options Activity

Array Biopharma (ARRY)- Nearly 6,000 Sep $8 calls have traded with the majority bought for $1.70-$1.95 each. They have Phase 2 and 3 data coming later this year. The stock has been consolidating between $7.50 and $8.50 for the last two months.
Peabody Energy (BTU)- Over 22,000 Mar 27 weekly $6.50 calls have traded with the majority bought for $0.10-$0.15 each. Call activity was 6x the average daily volume. Shares have no major resistance until the $7 level.
Iron Mountain (IRM)- A rollout from 1,800 Apr $37.50 calls ($1.05 credit) into 1,800 July $40 calls ($1.05 debit).
Qorvo (QRVO)- A rollout from 1,811 May $80 calls ($8.55 credit) into 2,415 May $85 calls ($5.80 debit). The big buyer of 7,000 May $70/$80 bull call spreads from February 20th remains in open interest. Earnings are due out on April 22nd.
Repros Therapeutics (RPRX)- … Read More »