Unusual Stock Options Analysis

 OptionSpotter
 
  OptionSpotter
 
Follow  Message
 
 
 
OptionSpotter hunts down unusual options activity, exposing hidden plays for big gains
 

•  23 Feb 2026
 

•   COF  
   
  +1.52%
•   COHR  
   
  +1.83%
•   DUOL  
   
  +1.98%
•   LLY  
   
  -0.62%
•   SMCI  
   
  +1.11%

$COF Unusual options flow around Capital One Financial leaned defensive as the stock slid to $190. Roughly 32 notable trades crossed with bearish positioning dominating and puts vastly outweighing calls in premium. The $187–$300 strike dispersion suggests hedging layered with downside protection while volume running above average indicates institutions actively adjusting exposure rather than retail speculation.

$COHR Activity in Coherent Corp. options shows a cautious tone despite the stock holding near $248.89. Traders logged 18 unusual trades with sentiment skewing bearish and call premium still sizable relative to puts, implying structured trades rather than outright short bets. The wide $225–$360 target band points to volatility positioning tied to the semiconductor and photonics cycle.

$DUOL In Duolingo, options desks flagged 13 unusual trades as the stock dropped over 6 percent to $106.14. Bearish positioning dominated with put value significantly exceeding calls, a signal that larger players may be protecting gains after the strong multi-month run. With strikes stretching from $60 to $150, the market is pricing both correction risk and elevated future volatility.

$LLY Options traders turned constructive on Eli Lilly and Company as shares pushed above $1,058. More than two dozen unusual trades printed with bullish flow heavily concentrated in calls worth roughly $2.4M versus far smaller put exposure. The $920–$1,220 strike range shows institutions positioning for continued momentum while maintaining defined risk after the stock’s extended move.

$SMCI Flow around Super Micro Computer stayed defensive as the stock slipped to $30.71. Fifteen unusual trades surfaced with sentiment leaning bearish and sizable premium on both sides of the chain. With strikes spanning $20 to $60, the structure suggests volatility trading tied to ongoing uncertainty around demand, guidance visibility, and positioning after the sector’s sharp repricing.

$V In Visa Inc., options activity showed institutions hedging as shares fell to $306.52. Nearly thirty unusual trades hit the tape with bearish bias and put premium exceeding calls by a meaningful margin. Volume running above average points to portfolio protection and tactical downside positioning rather than a full sentiment reversal.

$WMT Traders stepped into calls around Walmart as shares advanced to $125.81. Thirteen unusual trades leaned bullish with call value outpacing puts, indicating expectations for continued defensive capital rotation into large cap retail. The $85–$190 strike spread suggests investors structuring longer dated upside while maintaining flexibility if consumer data shifts.

View All Headlines