Trading Tips Blog

Mithaq Capital, a major holder of Software Acquisition Group II (SAII), recently bought 369,924 shares. The buy increased the fund’s stake by 4 percent, and came to a total purchase price of $3.89 million. This adds on to other buys from the fund since SAII went public as a SPAC offering last month. A SPAC is a special purpose acquisition company that raises capital to buy a business outright. SPACs typically go public around $10 per share. Their price varies depending on ...
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Credit card giant Visa (V) saw its shares sell off last week on news of a government probe. However, at least one trader is betting on a move higher. That’s based on the May $210 calls. Nearly 3,000 contracts traded against a prior open interest of 128, for a 23-fold rise in volume. The trade expires in 58 days, and trades right at-the-money given the current price near $208. The buyer of the option paid about $7.40 for the call. Visa’s status as ...
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John Childs, a director at Biohaven Pharmaceutical (BHVN), recently made a 13,157 share buy. The purchase came to just under $1 million even, and increased the director’s stake by just over 0.5 percent. That’s the second buy from Childs this month following a 10,000 share buy earlier. Insiders have been both buyers and sellers in the past year, with sellers leading on total shares. Overall, insiders own nearly 14 percent of the company. A biotech firm targeting neurological diseases, the company ...
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A number of companies reduced or eliminated dividend payments during the pandemic last year in a move to preserve cash. Now, a few companies are coming back to the table. But a select few firms have not only kept, but are growing their dividends. Two of those plays are in retail. There’s Williams-Sonoma (WSM). Their shares jumped to a new high on news of a higher dividend payout. But another company just announced a bump as well. With its shares declining in ...
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Streaming giant Netflix (NFLX) has had a big increase in competition in the past two years. But that hasn’t stopped one trader from making a hugely bullish bet on the company. That’s based on the June 2022 $950 calls. That strike price is about 85 percent higher than where shares currently trade. The buyer paid about $8.10 for the contract, which expires in more than 450 days. Over 6,000 contracts traded, a 39-fold jump from the open interest of 154. Netflix has ...
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Suzanne Coulter, a director at Abercrombie & Fitch (ANF) recently started a stake at the company with 2,170 shares. The total cost of the share buy came to just over $75,000. This marks the first buy from insiders since March 2020. Overall, insider sales have beaten out buyers over the past three years, but there was a large sale by a company insider back in January. Shares have since risen by 43 percent. Insiders own about 2.2 percent of company shares. Shares ...
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Shares of Plug Power (PLUG) took a steep dive last week, as the company announced it needed to restate some of its prior years of accounting. However, that hasn’t stopped analysts from looking beyond the short-term fears. They continue to see long-term opportunity. In fact, one analyst from B. Riley cites the old mantra of buying “when there’s blood in the streets,” even though shares only pulled back about 8 percent on the news. While shares are now down just over ...
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Brazilian financial software company PagSeguro Digital (PAGS) has been active this year. Shares started the year with a selloff, then a rally, then another selloff. One trader sees the current selloff ending with a rally ahead. That’s based on multiple call options with unusual activity. The September $55 call, however, had the most activity. Over 18,660 contracts traded, an 83-fold rise in volume to the open interest of 224. The trade, expiring in 179 days, would require shares to move about $8 ...
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