Trading Tips Blog

Cannabis firm Tilray (TLRY) has seen shares soar since the election, following a new slew of states that legalized recreational use of the drug. However, the rally has proved short-lived, and is already coming back down. One trader sees a further decline. That’s based on the March 2021 $4 put on shares. 10,000 contracts traded hands on these puts, against a prior open interest of 330, for a 33-fold rise in volume. The option buyer paid $0.59 on average. The option expires ...
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Earnings season can be hit or miss for a number of reasons. Even if a company reports the earnings per share figures that Wall Street analysts are looking for, other factors such as forward guidance may cause a big win to become a big loss for shareholders. That seems to be the case with Datadog (DDOG). Shares plummeted more than 10 percent intraday following its earnings report, when the company beat on overall numbers. The data analytics company has further room for ...
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Ronald Nelson, a director at Hanesbrands Inc. (HBI), recently bought 50,000 shares. The buy increased his holdings by over 30 percent and came to a total cost of just over $636,000. Insider trends show that this is the first buy from company insiders since August 2019. Insiders have bene sellers so far this year, with a sale in August and one in October. Shares of the company recently sank nearly 20 percent following reasonable earnings but a poor outlook. Overall, shares ...
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Pharmaceutical giant Pfizer (PFE) soared higher this week on news of a Covid-19 vaccine. However, that rally may not be over. One trader is betting on a move higher in the next month. The December 4th $41.50 calls saw over 12,570 contracts trade hands, compared to an open interest of 360. That’s a nearly 35-fold rise in volume on the contracts. The option buyer paid about $0.42 for the contract, which expires in 22 days. Shares currently trade around $38, so shares ...
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Alexandre Van Damme, a director at The Kraft Heinz Company (KHC), recently bought 13.85 million shares of the company. The buy came to just over $420 million, and increased the director’s holdings by over 5,500 percent. The buy comes as 3G Global Food Holdings, a private equity firm and major shareholder, has shed nearly 29 million shares. The past few years have shown similar sales by 3G, with Van Damme picking up some of those shares. To find a non-3G/ Van Damme ...
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Earnings season has been favorable to a number of companies in the housing sector already, from lumber companies to homebuilders. There’s one group of companies that are set to report earnings this week likely to fare well. Those companies? Home-improvement retailers. Industry giants Home Depot (HD) and Lowe’s (LOW) are set to report, and Credit Suisse just reiterated their outperform rating ahead of earnings. Both companies have performed well this quarter in terms of their share price. As a result, their ...
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Plant-based food company Beyond Meat (BYND) saw shares sink nearly 25 percent in intraday trading following a lackluster earnings report. But traders see a likely rebound ahead. That’s based on the activity in the January 2023 $120 calls. Over 1,035 contracts traded against a prior open interest of 107 contracts, for a nearly ten-fold surge in volume. The trade expires in 800 days, and the buyer paid about $45.50 per contract. With shares trading just over $120, the option is slightly in-the-money ...
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Anthony Jabbour, CEO of Dun & Brandstreet (DNB), recently bought 38,000 shares. The buy increased his holdings by just under 0.9 percent, and the total purchase price came to just under $1 million. He was joined by the company CFO, who bought 4,000 shares. That buy increased his stake to 0.8 percent, and the total purchase came to just over $105,000. These buys amount to all insider activity at the company since it went public back in June. The financial data ...
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