Trading Tips Blog

Canadian energy producer Cenovus Energy (CVE) has been making higher highs since May, but recently started to break lower. One trader is betting on further downside for shares in the coming weeks. That’s based on the December 15 $19 puts. With 45 days until expiration, 10,908 contracts traded compared to a prior open interest of 435, for a 25-fold rise in volume on the trade. The buyer of the puts paid $0.85 to make the bearish bet. Shares recently went for about ...
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With interest rates at their highest levels in 15 years, companies can’t just rely on cheap debt as an option when making decisions. The companies that will fare best will be those that have strong cash flows and are run efficiently. That should keep profit margins high, and provide the capital to benefit from new opportunities as they emerge. The more efficiently a company can operate, the more resilience it will have in the years ahead. One company that’s been working on ...
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John Morikis, CEO at Sherwin Williams (SHW), recently bought 2,125 shares. The buy increased his position by 1 percent, and came to a total cost of $504,890. The CEO Was the last buyer of shares with a 2,207 pickup back in January, which also cost just over $500,000. Otherwise, a company vice president sold shares in February, at a price below where the stock trades today. 2022 saw a similar level of insider activity. Overall, Sherwin Williams insiders own about 8.1 ...
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Gold producer Agnico Eagle Mines (AEM) is up about 9 percent over the past year, but has declined substantially from its 52-week highs in the spring. One trader sees shares posting a stronger rally through 2025. That’s based on the January 2025 $75 calls. With 445 days until expiration, 5,001 contracts traded compared to a prior open interest of 243, for a 21-fold rise in volume on the trade. The buyer of the calls paid $1.50. Agnico Eagle recently traded for about ...
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Earnings season can create some big swings in share prices. And they can create some counterintuitive moves. Companies that beat earnings can sell off. Companies that miss on earnings can see shares rally. And then there come the moves from any forward guidance. Over time, earnings drive a company’s share price. So even if a company misses the mark for some reason in a given quarter, if its earnings are improving, shares will likely trend higher in time. The market punished Alphabet ...
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William Rogers, CEO at Truist Financial (TFC), recently added 10,000 shares to his holdings. The buy increased his position by 1 percent, and came to a total cost of $280,240. This is the first insider activity since May, when a company director bought 5,000 shares, paying just under $95,000. Another director bought 13,125 shares in March, for just under $500,000. Going further back, there has been a mix of insider buys and sells. Overall, company insiders own 0.3 percent of shares. The ...
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Industrial conglomerate General Electric (GE) is having a strong year, with shares up over 90 percent. One trader sees further upside ahead going into next year. That’s based on the March 2024 $105 calls. With 140 days until expiration, 18,015 contracts traded compared to a prior open interest of 138, for a massive 131-fold rise in volume on the options trade. The buyer of the calls paid $13.80 to make the bullish bet. GE shares last traded for about $111, making the ...
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Bitcoin is having a strong year. Rumors of an ETF approval are helping to push the crypto’s price higher, even if the actual news hasn’t materialized yet. Chances are investors will continue to see big daily volatility in cryptos like bitcoin for some time. Those looking to play the overall rising trend in the space can find less volatile places to play it. That means ignoring companies with heavy bitcoin exposure, such as bitcoin mining companies. Cryptocurrency brokerages could benefit from the ...
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