Unusual Options Activity Under Armour, Inc. (UAA), Ferroglobe PLC (GSM), Agenus Inc. (AGEN)

Unusual Options Activity Under Armour, Inc. (UAA), Ferroglobe PLC (GSM), Agenus Inc. (AGEN)
Visualized above are the UOAs' orders in UAA in the TastyTrade broker.

Unusual Options Activity in Under Armour, Inc. (UAA)

Today, within the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Under Armour, Inc., which opened at $20.99.

These orders were possibly related, having came in together:

  • There were three lots of 652, 1,087, and 1,160 contracts traded on the $20.5 strike call option at the ask, dated for October 15th, 2021.
  • Additionally, there was another set of three lots of 652, 1,087, and 1,160 contracts traded on the $19.5 strike put option at the ask, for the same date.
  • Together, these contracts represent approximately 289,900 shares and approximately $200,000 in premium traded.
  • This strategy would cost $229,021 for the trader to take on, which also represents the strategy’s maximum risk of the debit paid.  The probability of profit would be approximately 43.1%.  For this strategy to breakeven, UAA would need to be $21.05 or $18.71 at these contracts’ expirations.
Seen above are the noteworthy options orders in Under Armour, Inc. from the Unusual Whales Flow.

Under Armour, Inc. is down over 10% on the month, from a localized high of around $23.25 on September 8th, 2021.  However, in spite of that Simply Wall St has opined:

In total, it does look like Under Armour has some positive aspects to its business. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here.”
Visualized above are these orders in the TastyTrade broker.

As can be seen, there is no profit to be made between the breakeven prices described above, at $21.05 and $18.71, wherein this trader would experience a loss; however, this strategy would make profit as UAA moves away from its current price, in either direction.

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

Unusual Options Activity in Ferroglobe PLC (GSM)

Within the Nasdaq Capital Market (NasdaqCM), we saw unusual or noteworthy options trading volume and activity today in Ferroglobe PLC, which opened today at $10.65.

These orders were possibly related, having came in together, and represent a call ratio spread:

  • There were 7,500 contracts traded on the $9 strike call option at the ask, dated for December 17th, 2021.
  • Additionally, there were another 15,000 contracts traded on the $11 strike call option at the bid, for the same date.
  • This strategy would cost $1,357,500 for the trader to take on, which also represents the strategy’s maximum risk of the debit paid.  The probability of profit would be approximately 24%, with a maximum return if GSM lands at $11.00 at the time of expiration, resulting in a $1,357,500 profit.

These orders come after further reports from Moody’s that explain the regional issues, such as the United Kingdom energy crisis, particularly in regards to the squeeze of natural gas prices on the wholesale markets.

Seen above are the noteworthy options orders in Ferroglobe PLC from the Unusual Whales Flow.

These orders come after an October 7th report revealing that Ferroglobe PLC:

"operates in an energy intensive industry, hence the current energy pricing environment, particularly in Spain, is having an adverse impact on our business”, and that "In recent weeks, we temporarily shut down one furnace at the Sabon (Spain) facility and a furnace at our Boo (Spain) facility to best manage through the energy crisis in Spain."
The charts above represent Ferroglobe PLC’s historical price in blue, call volume in green, put volume in red, and open interest in yellow.

As of this writing, GSM has had 22,722 calls traded, which is 454% greater than its 30-day call average.

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

Unusual Options Activity in Agenus Inc. (AGEN)

Finally, within the Nasdaq Capital Market (NasdaqCM), we saw unusual or noteworthy options trading volume and activity today in Agenus Inc. (AGEN), which opened at $5.74.

These orders were possibly related, having came in together, and represent a vertical put debit spread:

  • There were 10,000 contracts traded on the $5 strike put option at the ask, dated for November 19th, 2021.
  • Additionally, there were another 10,000 contracts traded on the $3 strike put option at the bid, for the same date.
  • This strategy would cost $380,000 for the trader to take on, which also represents the strategy’s maximum risk of the debit paid.  The probability of profit would be approximately 23.6%, with a maximum return if AGEN lands at $3.00 at the time of expiration, resulting in a $1,620,000 of profit.
Seen above are the noteworthy options orders in Agenus Inc. from the Unusual Whales Flow.

These orders come after MT Newswires’ reports revealing that AGEN “reported final results from a phase 2 trial of balstilimab in combination with zalifrelimab in patients with recurrent/metastatic cervical cancer.

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

As of this writing, AGEN has had 20,554 puts traded, which is 4,813% greater than its 30-day put average.

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

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