Trading Tips Blog

Aluminum mining and production firm Ferroglobe PLC (GSM) has seen a large surge higher in shares in recent weeks, with the small-cap company more than doubling. At least one trader sees the trend continuing. That’s based on the September 2021 $2.00 calls. With shares near $2.40, the trade is already well in-the-money. Over 3,900 contracts traded against a prior open interest of 104, for a 38-fold rise in volume. The trader paid about $1.23 for the contracts on average. Shares would thus ...
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Robinhood traders are livid at the platform’s decision to cut off trading in popular trades over the past week. They’re looking to take their money elsewhere, which could quickly undo the million new accounts that were created in the last month. If that’s the case, there are only a few other brokerage firms that will allow full trading right now in every stock out there. But traders are also looking to get out of the system by buying cryptocurrency. That narrows the ...
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Robert Mehrabian, Executive Chairman of Teledyne Technologies (TDY), recently bought 10,000 shares. The purchase increased his holdings by 6.3 percent, and came to a total cost of $3.66 million. This marks the first insider buy at the company in over three years. Insiders have generally been sellers of shares on a regular and ongoing basis, as is typical of a technology company. The insider sales include both directors and C-suite executives. Overall, insides own just 1.5 percent of company shares. Shares ...
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Pharmaceutical chain Walgreens Boots Alliance (WBA) has been in a strong uptrend for months. Shares spiked higher last week before starting to decline, but at least one trader sees shares continuing to trend higher. That’s based on the March 2021 $57.50 calls. With 46 days left until expiration, over 17,470 contracts traded, a 34-fold rise in volume from the prior open interest near 500. The buyer of the contracts paid about $1.02 on average. With shares around $50, the price will need ...
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William Davis, Chairman of the Board at Norwood Financial Corp (NWFL), recently picked up 1,800 shares. The buy increased his stake in the regional bank by nearly 4 percent, and came to a total purchase price of just over $45,000. This marks the first insider buy of the year. However, a number of company directors were active buyers late last year. A number of C-suite executives have been mild sellers in the past year as well. Overall, insiders own 4.5 percent ...
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The overall stock market dropped last week amidst a deluge of corporate earnings. Among a sold-off name is an industrial giant that has been making some modern pivots. While sales dropped last year, the company managed to grow earnings year-over-year. Even better? The firm gave a buoyant outlook that indicated a move towards higher growth in the year ahead. The firm? Honewell (HON). It’s a name best known for air conditioning equipment and other “old-school” industrial products. The company is making big ...
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Robert Swan, CEO of Intel (INTC), recently picked up 27,544 shares. The buy increased his holdings by nearly 6 percent. The total cost of the buy came to just over $1.5 million. This marks the first buy at the company since October, also by Swan. Insiders have generally been steady sellers of shares over the past few years, as befits the stock-based compensation of a large company in the tech space. Shares of Intel are down 20 percent over the past ...
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Traders looking for other short-squeeze alternatives to GameStop (GME) are turning their eyes toward silver. Why? The commodity is seeing lower annual mining production, while demand for it increases thanks to a variety of uses in electronic components. Meanwhile, big banks are able to play the silver market by selling contracts, earning a small amount on each trade, but making millions of trades. The disconnect between this paper market and the physical metals market has grown extreme. This idea isn’t new. It ...
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