The Toronto Blue Jays are set to face the Los Angeles Dodgers in the World Series tonight, marking the Jays’ first appearance in 32 years. In options trading, volume reached 57.83 million, with calls making up 60% of the action. Unusual options activity included 1,291 calls and puts, with six exceeding a Vol/OI ratio of 100.
Looking ahead to Oct. 31 expiration, selling the $43 put on Upstart Holdings could generate $15 in premium income, offering a total return of 16.0%. UPST stock is volatile, down 15% in 2025 but up 17% in the past five days. The stock is risky but potentially profitable for aggressive investors.
Options expiring on Nov. 7 show unusual activity for Netflix and Brazilian fintech Nu Holdings. Strategies like Married Put and Long Strangle can be applied to NU stock, offering protection and potential gains. NU stock is volatile, and the married put strategy has a higher chance of success.
Kenvue, the former consumer healthcare division of Johnson & Johnson, saw a drop in stock price due to claims linking Tylenol to autism in unborn children. The Bear Put Spread strategy can be applied to KVUE stock, anticipating a further decline. Analysts are cautious about the company’s future prospects.
Warner Bros Discovery saw increased options activity amid speculation of a potential acquisition. WBD stock has risen by 180% in the past year, with investors anticipating a premium from CEO David Zaslav. The two calls for WBD set up a Bull Call Spread strategy, reflecting optimism about the company’s future. A mildly bullish bet is placed with no expectations of a significant move higher. By selling the $25 call and buying the $22 call, you face a net debit and maximum loss of $61, but stand to make a maximum profit of $239. The profit percentage of 391.80% and risk/reward ratio of 0.26 to 1 make it an attractive, low-risk opportunity despite a profit probability of 28.5%. Will Ashworth did not have any positions in the mentioned securities.
Read more at Barchart: 4 Options to Watch Next Month for Potential Future Gains