Unusual Options Activity in Barclays PLC (BCS), Mirati Therapeutics, Inc. (MRTX), and Wayfair Inc. (W)

Unusual Options Activity in Barclays PLC (BCS), Mirati Therapeutics, Inc. (MRTX), and Wayfair Inc. (W)
Per the chart above, representing Barclays PLC’s daily price, in blue, there was a high today of 10,076 call volume, seen in green. This call volume represents a 530% increase over BCS’s 30 day call volume average.

Unusual Options Activity in Barclays PLC (BCS)

Today, among the underlying components of the NYSE, we saw additional unusual or noteworthy options trading volume and activity in Barclays PLC (BCS), which opened at $10.26.

There were a total of 10,000 contracts traded on the $10 strike call option at the ask, dated for October 15th, 2021, representing approximately 1,000,000 shares.

These orders come after a report that Barclays, despite its history with fiduciary responsibilities, might deserve more attention at this price.

Seen above are the noteworthy options orders in Barclays PLC from the Unusual Whales Flow.
Per the chart above, representing Barclays PLC’s daily price, in blue, there was a high today of 10,076 call volume, seen in green. This call volume represents a 530% increase over BCS’s 30 day call volume average.

Unusual Options Activity in Mirati Therapeutics, Inc. (MRTX)

In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Mirati Therapeutics, Inc. (MRTX), which opened at $170.24.

There were a total of 1,760 contracts traded on the $170 strike call option at the ask, dated for October 15th, 2021, representing approximately 176,000 shares.

There was an additional set of 1,760 contracts traded on the $210 strike call option at the bid, dated for October 15th, 2021, representing another 176,000 shares.  

Seen above are the noteworthy options orders in Mirati Therapeutics, Inc. (MRTX) from the Unusual Whales Flow.
As seen, these orders came as a part of a strategy known as a vertical debit spread, which at the time of entry had approximately a 33.4% probability of profit with a maximum risk of $2,252,800 and a maximum return of $4,787,200, which represents a 212.5% maximum return on risk.  The breakeven for this strategy would be approximately $182.80.
Seen above are Mirati Therapeutics, Inc. (MRTX)’s most option trades from the Unusual Whales Flow.

Unusual Options Activity in Wayfair Inc. (W)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in Wayfair Inc. (W), which opened at $279.84.

There were a total of 2,000 contracts traded on the $320 strike call option at the ask, dated for January 20th, 2023, representing approximately 200,000 shares.

Additionally, there were a total of 2,000 contracts traded on the $320 strike call option, also at the ask, dated for June 17th, 2022, representing another 200,000 shares.

These orders come after BofA Securities lowers Wayfair's price target to $302 from $310 and maintains a neutral rating.

Seen above are the noteworthy options orders inWayfair Inc. (W) from the Unusual Whales Flow.
Per the chart above, representing Barclays PLC’s daily price, in blue, there was a high today of 5,628 call volume, seen in green, and put volume has decreased to 898, in red. This call volume is only just 73% of Wayfair Inc.’s 30 day volume.

For further information on the unusual options activity of BCS, MRTX, and W visit unusualwhales.com.

For more information on unusual options activity, subscribe to the Unusual Blog or visit unusualwhales.com.