Advanced Micro Devices (AMD) saw a 17% share price drop after weak Q1 guidance from CEO Lisa Su. Despite revenue expectations of $9.8 billion, some felt it should have been higher given AI spending. Su remains optimistic, leading to continued bullish and bearish bets on AMD in 2026. Unusual options activity included top 25 Vol/OI ratios for MSTR and UBER.

Peloton Interactive (PTON) reported Q2 results below expectations, leading to a 23% share price drop. This changes thoughts on potential strangle plays, with adjustments needed due to the new developments. The $8 call and $5 put options are now in focus, with altered breakeven points due to the share price movement.

Boston Scientific (BSX) saw an 18% drop despite positive 2026 guidance. The overreaction presents an opportunity for a short strangle play, with analysts bullish on the stock. The $90 call and $75 put options are key focus points, with a potential for limited downside given the company’s outlook.

Uber Technologies (UBER) shares fell 5% after missing Q1 EPS estimates. CEO Dara Khosrowshahi remains optimistic about the company’s future growth. With an expected move of 11.05%, a short strangle play is considered more favorable for now, with potential for long strangles in the future as investor sentiment improves.

Read more at Barchart: Strangle Plays on These 3 Top 25 Unusually Active Options Gems!