Unusual Options Activity: Capital One Financial (COF)
Financial services company Capital One Financial (COF) is down about 10 percent in the past year, as rising interest rates have weighed on the financial services provider. One trader sees a rally ahead for shares in the coming weeks. That’s based on the October $120 calls. With 56 days until expiration, 15,475 contracts traded compared to a prior open interest of 361, for a 43-fold rise in volume on the trade. The buyer of the calls paid $0.50 to make the ...
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This Overlooked Tech Trend Continues to Grow
Investors have a number of tech trends that they can play. This year, AI stocks have been all the rage. But other parts of the tech space are big and steady winners, even if they don’t get the headline attention. One such area is in cybersecurity plays. Data breaches are on the rise. And companies with the skills to reduce or mitigate the impact of a breach can see growing returns. Best of all, these companies tend to have a steady business ...
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Insider Activity Report: Crocs (CROX)
Douglas Treff, a director at Crocx (CROX), recently bought 2,114 shares. The buy increased his holdings by 2 percent, and came to a total cost just over $200,000. The buy comes a week after the company CFO bought 1,950 shares, paying just over $198,000 to do so. There have been a few other buys from company directors earlier in the year. The CEO sold off about 3 percent of his holdings in April, at a price about 40 percent higher than ...
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Unusual Options Activity: Petroleo Brasileiro (PBR)
Petroleo Brasileiro (PBR), also known as Petrobras, is flat over the past year as energy prices have been volatile, but well off of 2022’s highs. One trader is betting on a move higher in the coming weeks. That’s based on the October $11 calls. With 58 days until expiration, 6,553 contracts traded compared to a prior open interest of 114, for a 57-fold rise in volume on the trade. The buyer of the calls paid $2.70 to make the bullish bet. Shares ...
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Demand Isn’t Going Away For this Critical Piece of the Global Economy
The stock market is made up of sectors. Some of them are in favor at any given moment. Others are out of favor. Buying out of favor sectors can lead to big gains when the trend shifts. Investors can also sour on a sector that has performed well recently, on the logic that it may be time to change. But some sectors are less susceptible to change than others. One such sector is agriculture. There’s always demand for food. And there are ...
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Insider Activity Report: Mid Penn Bancorp (MPB)
Matthew De Soto, a director at Mid Penn Bancorp (MPB), recently bought 2,355 shares. The buy increased his holdings by 4 percent, and came to a total cost of $50,001. The director was also a buyer in late June, buying 362 shares for just under $8,000. Another company director was a buyer at the same time. Over the last two years, company directors and the CEO have been regular and steady buyers of shares, with no insider sales. In total, insiders ...
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Unusual Options Activity: Microsoft (MSFT)
Tech giant Microsoft (MSFT) has been a strong performer this year, but shares have been hit in recent weeks. One trader sees shares bouncing higher in the months ahead. That’s based on the November $280 calls. With 87 days until expiration, 22,514 contracts traded compared to a prior open interest of 391, for a 58-fold rise in volume on the trade. The buyer of the calls paid $45.45 to make the bullish bet. Shares recently traded at $316, so the option is ...
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Diversification Makes this Industry Leader a Bargain Today
The market’s rally higher this year has been driven largely by tech stocks. While the market has pulled back a bit overall, many companies and sectors have been laggards. There’s still some residual concerns that are now creating a value today. One sector is the media space. Fears of a slowing economy and declining ad spending hit the sector hard last year. So far, it’s been slow to recover. But buying a diversified player here can lead to solid returns. Comcast (CMCSA) ...
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