Unusual Options Activity: Target (TGT)

Traders make a big bet on Target shares rallying into the fall. At least one trader is betting on a big rally in retailer Target (TGT). On Wednesday, a large number of contracts traded on a September $95 call option. With shares trading around $86, this represents a bet that shares will move up at least 10 percent over the summer. The option contract had over 10,000 trades, against an open interest of 104. While brick and mortar retailers have fallen in and out ...
Read More
|

Insider Activity: Capri Holdings (CPRI)

Apparel brand company CEO makes a $20 million buy into shares. Chairman and CEO of Capri Holdings (CPRI) John Idol just spent over $20 million on shares. He picked up over 615,000 shares of the company, increasing his stake by 30 percent. The United Kingdom-based company manufactures apparel and accessories for men and women around the world, including such well-known brands as Versace, Jimmy Choo, and Michael Kors. Shares have been weak year-to-date, and the $20 million buy-in is a major vote of ...
Read More
|

Unusual Options Activity: Las Vegas Sands (LVS)

A big, bearish trade implies more downside for the casino from here. At least one trader is betting on a big decline in casino firm Las Vegas Sands (LVS). On Tuesday, a large number of contracts traded on a December $40 put option. With shares currently trading around $55, which implies a 25 percent decline in shares between now and the end of the year for the put option to pay off like a winning slot machine. The contract had over 1,360 trades, ...
Read More
|

Unusual Options Activity: Facebook (FB)

Traders are betting that Facebook shares will bounce after Monday's decline. Some traders are betting that shares of Facebook (FB) are oversold. The social media giant sold off with the other tech giants on Monday on news that the FTC will look into the company. Shares fell over 8 percent. However, some traders see the move as too much, too soon, and expect shares to potentially move higher from here, with bets on options expiring at the end of this week on June ...
Read More
|

Insider Activity: Sally Beauty Holdings (SBH)

Insiders are picking up shares at the cosmetics company. Multiple insiders at Sally Beauty Holdings (SBH) have been adding shares in recent days. Chairman of the Board Robert McMaster picked up 5,000 shares, shelling out over $73,000 of his own money to add to his take. CFO Aaron Alt bought 1,500 shares, paying over $22,000 to add to the cosmetic supply company. On top of that, CEO Christian Brickman bought 5,000 shares for nearly $75,000 as well. This is a nice cluster of corporate insiders ...
Read More
|

Insider Activity: The Hershey Company (HSY)

A chocolate bar, one of the most recognized brands built by Hershey Multiple insiders at The Hershey Company (HSY) have been buying shares, even with the company trading close to all-time highs. These buys include the CFO and President, and amount to nearly $500,000. More buys may be coming in the next few days. Typically, corporate insiders pick up shares when they sense an undervaluation. The only reason for insiders—already picking up a paycheck there—to buy more shares in the open market are ...
Read More
|

Unusual Options Activity: AT&T (T)

Networks and now content are the backbone of AT&T's success Some traders are betting on a drop in AT&T (T). The telecom/media conglomerate has been trading in a $30-33 range for most of the past year, with the recent downturn taking shares down to around $30 on Friday. With a surge in volume on June put options for $29.50 and $30.00, some traders are expecting further weakness in shares before June options contracts expire, although not by much. This may indicate some more ...
Read More
|