Wednesday saw a surge in unusual options activity, with 1,302 trades split 65/35 between calls and puts, a bullish sign. The S&P 500 hit a record high of 6,532.04, up 0.3% and Oracle’s 36% gain made Larry Ellison the richest person, surpassing Elon Musk. 459 active put options stood out, offering high returns for bold investors. Upstart, a volatile AI lending platform, caught attention with potential returns of over 70%. Nu Holdings, a Brazilian fintech, and digital bank, maintained its volatility and saw stock growth. Trade Desk stock dropped 61%, posing challenges for the cloud-based advertising platform.

Read more at Yahoo Finance: Sell These 3 Unusually Active Put Options for Outsized Returns