Unusual Options Activity: Nvidia (NVDA)
Shares of graphics processing manufacturer Nvidia (NVDA) have been a top stock to own over the past several years, but shares are still down with other tech plays in the past few months. One trader sees the potential for a rebound underway. That’s based on the April 8 $240 calls. With 21 days left until expiration, 10,785 contracts traded compared to an open interest of 327, for a 33-fold increase in volume. The buyer of the calls paid $16.15 to enter ...
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Don’t Bet Against Global Consumers and Buy Quality Companies on Sale
The stock market decline has caused nearly all companies to drop. That means that even strong global companies are trading at their best valuation in over a year. That’s particularly true with consumer discretionary firms. While a market pullback may bring some traders to a company like a grocery store, consumers are still going to need other products, even if at a slower pace compared to a roaring economy. As the economy recovers, these companies should recover handily. A number of such ...
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Insider Trading Report: Ball Corporation (BLL)
Daniel Fisher, President at Ball Corporation (BLL), recently picked up 7,000 shares. The buy increased his holdings by 6.7 percent, and came to a total price just over $601,000. He was joined by a director who picked up 1,362 shares, a purchase that increased her holdings by 91 percent, and came to a total price just over $116,000. This follows up on a number of insider buys over the past few months. Over the past three years, insiders have been more likely ...
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Unusual Options Activity: Marqueta, Inc (MQ)
Shares of programming platform company Marqueta (MQ) have lost over two-thirds of their value in the past six months. One trader sees the possibility for a strong rebound here. That’s based on the September $10 calls. With 183 days until expiration, 7,523 contracts traded compared to a prior open interest of 110, for a 68-fold surge in volume. The buyer of the options paid $1.80 to make the trade. Revenue is up 72 percent at the company over the past year, but ...
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Time to Buy a “Blood in the Streets” Play
The stock market pullback is getting ugly. With pullbacks deepening into corrections, investors want to know where to go for the best returns on the market’s next rebound. Historically, a handful of companies have used these dire and fearful market conditions to set themselves up for big profits when the outlook is much brighter. A select group of investment managers in particular tend to have a great track record for navigating tough markets. One such player is Blackstone (BX). The asset manager’s ...
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Insider Trading Report: Caesars Entertainment (CZR)
Micheal Pegram, a director at Caesars Entertainment (CZR), recently picked up 13,000 shares. The buy increased his stake by nearly 16 percent, and came to a total cost of just over $895,000. He was joined by the company CEO, who also bought 10,000 shares on the same day. The cost of that buy came to about $714,000. These two buys mark the first time insiders have added shares since late 2019. Otherwise, company insiders have been somewhat regular and steady sellers of ...
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Unusual Options Huazhu Group Limited (HTHT)
Shares of Chinese hotel lodging operator Huazhu Group (HTHT) shed nearly 19 percent on Monday as traders reassessed Chinese stocks. However, one trader sees an opportunity on a rebound ahead. That’s based on the September $45 calls. With 184 days until expiration, 7,881 contracts traded compared to a prior open interest of 194, for a 41-fold jump in volume. The buyer of he calls paid $1.20 to make the trade. With shares just over $22, they would need to just more than ...
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Buybacks Make This Value Play a Potential Winner on a Market Rebound
Share buybacks can add a lot of value for investors, provided that management only buys when shares look undervalued rather than indiscriminately buying at any price. Since share buybacks can increase earnings per share, even when a company doesn’t increase earnings. As a result, many companies have embraced share buybacks, but only a handful have been able to responsibly buy back shares and avoid the temptation of overpaying just to keep a share price high. One company that’s done buybacks right is ...
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