Trading Tips Blog

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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Theater chains rallied on a potential Covid vaccine, with IMAX Corporation (IMAX) up a staggering 25 percent. But at least one trader sees a further rally ahead. The December 18th 2020 $15 call options saw over 25,260 contracts trade on Monday. That’s a 46-fold surge from the open interest of 544 contracts. Expiring in 38 days, the contracts cost the trader about $0.80 each. Monday’s surge in shares moved the price to just under $15, making this option the at-the-money trade. Even ...
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The technology space continues to march on with election uncertainty waning. In one key area, electric vehicles, the sector remains in an unstoppable uptrend. Declining costs, improved reliability and expanded options are creating a perfect storm for demand. With most analysts focused on big names like Tesla Motors (TSLA) or retail favorite NIO (NIO), one newer company in the space just got its first analyst buy—and that analyst expects an easy double. The company is Fisker (FSR). Shares rose 30 percent on ...
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Kristen Blum, a director at Sprouts Farmers Market (SFM), recently bought 2,750 shares. The buy increased her holdings by nearly 10 percent, and came to a cost of just under $51,000. She was joined by director Joe Fortunato, who bought 13,000 shares, increasing his holdings by 40 percent. That buy came to over $244,000. This is the second buy from directors in the past few months, following a buy in August as well. Insiders have been both buyers and sellers in the ...
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