Unusual Options Activity in Iovance Biotherapeutics, Inc. (IOVA), NIKE, Inc. (NKE), Alibaba Group Holding Limited (BABA)

Unusual Options Activity in Iovance Biotherapeutics, Inc. (IOVA), NIKE, Inc. (NKE), Alibaba Group Holding Limited (BABA)
The charts above represent Iovance Biotherapeutics, Inc.’s historical price in blue, call volume in green, put volume in red, and open interest in yellow.

Unusual Options Activity in Iovance Biotherapeutics, Inc. (IOVA)

Today, in the Nasdaq Global Market Composite (NasdaqGM), we saw unusual or noteworthy options trading volume and activity in  Iovance Biotherapeutics, Inc. (IOVA), which opened at $23.89.

There were three orders each sized at 2,850 contracts a piece, representing approximately 855,000 shares.

These orders were:  $25 strike call options at the ask and $35 strike call options at the bid both dated for November 19th, 2021; these orders, if entered together, would be a call debit spread costing approximately $2.25 at the time of entry.  Additionally, there was another order for the $25 strike put option traded at the bid, dated for October 15th, 2021.

Seen above are the noteworthy options orders in Iovance Biotherapeutics, Inc. from the Unusual Whales Flow.

These orders come after reports revealing that though IOVA has traded at a recent price of $24.00/share, the average analyst target is 64.01% higher at $39.36/share.

The charts above represent Iovance Biotherapeutics, Inc.’s historical price in blue, call volume in green, put volume in red, and open interest in yellow.

As of this writing, call volume has reached 6,266 which is 368% above its 30 day historical mean.

To view more information about IOVA's daily flow breakdown, click here to visit unusualwhales.com.

Unusual Options Activity in NIKE, Inc. (NKE)

Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in  NIKE, Inc., which opened today at $145.71.

There were three orders sized at 1,403 contracts traded, representing approximately 420,900 shares.

These orders were:  $125 strike put options traded at the bid, $155 strike call options traded at the ask, and $170 strike call options traded at the bid, all dated for December 17th, 2021.  Together, this strategy would be a call debit spread with a short put to receive some credit to pay for the debit on entering the call vertical.

This strategy would have an 11% maximum return on its risk, with a 27.7% probability of profit, with a maximum downside of approximately $17,691,689.70 and a maximum return of $1,950,170.  As always, it is presumed these large-sized whale orders are covering stock holdings at a lower spot price.

Seen above are the noteworthy options orders in NIKE, Inc. from the Unusual Whales Flow.

These orders come after reports revealing that fashion brands are increasingly turning away from globe-spanning supply chains and low-cost manufacturing hubs in Asia, in a shift that could prove a lasting legacy of the COVID-19 pandemic.

Per the charts above, representing NIKE, Inc.’s option chain breakdown for minimum premiums of $30,000 or more, bullish premium represents 92.9% of the flow, with 72.3% call premium traded.


To view more information about NKE's flow breakdown, click here to visit unusualwhales.com.

Unusual Options Activity in Alibaba Group Holding Limited (BABA)

Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Alibaba Group Holding Limited (BABA), which opened at $147.03.

There was a $983,000 bet on the $170 strike call option traded at the ask, dated for January 19th, 2024, in the amount of 700 contracts, representing approximately 70,000 shares.

Seen above are the noteworthy options orders in Alibaba Group Holding Limited from the Unusual Whales Flow.‌‌

This order comes after continued reporting and speculation regarding the Evergrande episode last week, which some think shows just how risky Chinese investments have become and yet how integral its marketplace is to the global economy.

Per the charts above, representing Alibaba Group Holding Limited’s option chain breakdown for minimum premiums of $30,000 or more, bullish premiums represent 57.8% of the order flow, with 75.4% of whales in calls, with 56.3% trading on the ask side.

To view more information about BABA's flow breakdown, click here to visit unusualwhales.com.

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