Trading Tips Blog

Lodging platform app Airbnb (ABNB) has been trending up since it first went public late last year. Following better than expected earnings, shares have been trending higher. One trader sees a further move ahead. That’s based on the June $210 calls. With 94 days until expiration, over 9,200 contracts traded, a 49-fold rise in volume from the prior open interest of 187. The buyer paid about $24.50 for the calls. Shares are just around $200, so they would need to rally just ...
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Tech stocks may be off their lows, but traders aren’t quite ready to embrace the space quite yet. That’s resulted in a few relative bargains. Especially when a company is capable of posting massive growth right now. That’s the case with Oracle (ORCL). The software giant has been shifting to a subscription revenue model, which has made for stronger and more consistent earnings. Profits are now up 20 percent compared to a year ago. Besides trouncing on earnings, the company just ...
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Alex Morrison, a director at Gold Resource Corp (GORO), just picked up 17,900 shares. The buy increased his stake to over 51,500 shares in total, and came to a total cost of just over $47,000. This marks the first insider buy at the company this year. Insiders have been both buyers and sellers over the past few years, with company insiders generally having the edge over sellers. Insiders own 3.3 percent of shares. Shares of the gold mining company have just bounced ...
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Sports gambling firm DraftKings (DKNG) saw shares soar higher following a positive investor’s day presentation. One trader is betting on a further move even higher. That’s based on the August $90 calls. With 160 days until expiration, and with shares near $70, the option would move in-the-money if shares moved about $20 higher. Over 16,300 contracts traded, a 37-fold rise over the prior interest of 435 contracts. The option buyer paid about $6.35 for the trade. Online sports gambling is a relatively new ...
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One of the casualties of the pandemic has been consumer spending—at least plus or minus any stimulus programs. That’s resulted in reduced shopping and reduced transactions. That’s made it tougher for the credit card networks. However, with a recovering economy and likely more spending across a larger number of goods and services, the traditional card networks are likely to see a comeback in volume. That’s why a number of analysts are upgrading the space. While newer Fintech companies still pose a ...
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Lance Fritz, a director at Parker Hannifin (PH), recently picked up 3,900 shares. The purchase price came to just under $1.2 million. This marks the first insider buy at the company since mid-2019. Insiders have generally been sellers of shares. Insider sales have been strong from both company executives and directors, even at lower prices than where shares have traded today. Overall, insiders own 0.4 percent of company shares. The specialty manufacturing and industrial company has seen shares rise in recent ...
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Graphics processing firm Nvidia (NVDA) is a major player in the semiconductor space. The recent shortage hasn’t been enough to keep shares from declining. But one trader sees a big move ahead. That’s based on the May $480 calls. Over 8,500 contracts recently traded, a 56-fold rise in volume from the prior open interest of 153. The trade expires in 70 days, and with shares around $500, the calls are about $20 in-the-money. The trader paid about $50.00, or $5,000 per contract, ...
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E.J. Wunsch, Chief Legal Officer at Wendy’s (WEN), recently bought 7,500 shares. The stake increased the holdings by over 10 percent, and came to just over $142,000. That represents the first insider trade of 2021. In the past year, insiders have been both buyers and sellers. However, sellers have been much larger and more consistent in their activity, albeit mostly at higher prices than where shares trade today. Overall, insiders own nearly 8 percent of shares. The hamburger chain has traded flat ...
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