Apple (AAPL) – A quick look at the most popular options contracts in Apple. On the call side, this week’s $170 contract had the highest open interest; on the put side, this week’s $125 contract had the highest open interest.
AutoZone (AZO) – A play on a retailer in the auto parts/accessories space. The company will report quarterly results on Monday of next week.
Comstock (LODE) – A play on battery recycling. At the end of August, a Comstock unit, LiNiCo, received an operating permit in the state of Nevada to allow for recycling of lithium-ion batteries. One of the front page stories on the Wall Street Journal Wednesday highlights “Battery Recycling Race Heats Up After Inflation Reduction Act.”
Greenlane Holdings (GNLN) – A play on cannabis vaporizers and accessories.
The Duckhorn Portfolio (NAPA) – A play on wine and vineyard real estate. Shares of a potential peer in the space, Vintage Wine Estates (VWE), were one of Wednesday morning’s biggest losers. Shares traded down more than 30% following inline quarterly sales but 2023 guidance which was concerning.