Trading Tips Blog

Shares of internet auction house eBay (EBAY) have more than doubled off their low set in March. While the move hasn’t been as big as a tech company, at least one trader sees a further move higher. That’s based on the March 2021 $50 calls. The calls trade about $1.50 in-the-money. Expiring in 81 days, over 11,100 contracts traded against a prior open interest of 184, for a 60-fold move higher in volume. The trader paid about $4.40 for the option, so ...
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Karl Hanneman, a director at Gatos Silver (GATO), recently bought 10,000 shares. That increased his holdings by nearly 265 percent, and came to a total price of $97,000. This marks the first insider buy since October, when two other directors, the CFO, and the Chief Administrative Officer bought shares. The silver ore mining company just went public in October, and shares are already up nearly 50 percent from the IPO price. Like most mining operations, the share price will likely move ...
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Shares of commercial optical and photonic product firm Lumentum Holdings (LITE) have been trending higher since September, with a large spike in shares right before the holidays. At least one trader is betting the move will continue. That’s based on the January $105 calls. Expiring in 21 days, over 7,600 contracts traded against a prior open interest of 209, for a 37-fold rise in volume. The trader paid about $1.80 to make the trade. Making products such as lasers and fiber optics ...
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It’s been a banner year for companies going public, as well as mergers and acquisitions. Low interest rates have made financing a good deal. But an all-cash buyer? That may be a sign that a company is getting a true bargain. That seems to be the case with Blackstone (BX). The investment firm is making a $4.3 billion all-cash offer for Signature Aviation, a U.K.-based private jet services provider. It’s the kind of deal that fits in with Blackstone’s wheelhouse. The ...
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Ryan Cohen, a major shareholder at GameStop (GME), recently bought 1,226,400 shares. That increased his stake by nearly 16 percent. The total price of the buy came to just over $19 million. This marks the first insider buy at the company since April, when the company’s CEO and CFO both bought shares when they were under $5. One director at the company sold shares in April as well. The retail outlet for video games has seen shares move lower over the ...
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The days of physical manufacturing are far from over. But companies still in the space can embrace new technologies to produce better goods in less time and with lower expense. They can also use technology to add new lines of business that increase the bottom line without adding heavy fixed costs. That’s the case with a number of firms. But a surprising name has tilted heavily towards technology recently, and a new acquisition in artificial intelligence moves the needle even further. That ...
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Shares of telecom and media play AT&T (T) have been volatile in recent sessions. Shares rallied over 10 percent in November, then gave up most of those gains in December. But one trader sees the pullback as the start of a new possible rally. That’s based on the action in the January 2021 $28.50 calls. The just in-the-money options expire in 22 days. Over 675 of the contracts traded against a prior open interest of 104, for a 6-fold gain in ...
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2020 saw a rapid acceleration of tech trends such as automation and remote work. That trend benefitted the larger area of cloud storage space. That’s helped a number of companies outperform the market this year. Now, Citigroup is upgrading one of the bigger plays in the space. It’s given the stock a street-high rating. And with an expected 20 percent return in 2021, it would add to gains of nearly 40 percent so far this year. That company? Microsoft (MSFT). The ...
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