Unusual Options Activity: Vroom Inc (VRM)
Shares of automotive dealership
Vroom Inc (VRM) have been in a steady decline over the past year, as a parts shortage has made new vehicle production costly and led to a shortage of used vehicles. However, one trader sees room for a rebound ahead. That’s based on the January 2023 $20 calls. With 408 days until expiration, over 15,095 contacts traded against a prior open interest of 202, for a 75-fold jump in volume. The buyer of the calls paid $2.95 to make ...
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Vroom Inc (VRM) have been in a steady decline over the past year, as a parts shortage has made new vehicle production costly and led to a shortage of used vehicles. However, one trader sees room for a rebound ahead. That’s based on the January 2023 $20 calls. With 408 days until expiration, over 15,095 contacts traded against a prior open interest of 202, for a 75-fold jump in volume. The buyer of the calls paid $2.95 to make ...
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A Classic Opportunity to Profit from a Market Overreaction
Markets don’t just react to events, they over-react. That means that a stock in an uptrend may head far higher than expected in a rally. Or a stock that’s selling off may get too oversold as stop losses keep getting hit, setting off new waves of selling.
Earnings season can sometimes cause some larger-than-expected moves in a stock if there’s a miss on either earnings or forward outlook.
The latest example is
DocuSign (DOCU). Shares dropped 42 percent in trading on Friday, after ...
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DocuSign (DOCU). Shares dropped 42 percent in trading on Friday, after ...
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Insider Trading Report: Sunoco, LP (SUN)
David Skidmore, a director at
Sunoco, LP (SUN), recently picked up 2,500 shares. The buy doubled the director’s holdings, and came to a total cost just over $95,000. This marks the first insider buy since March 2020 during the last market low. Since then, company insiders have been sellers, with a cluster of directors and one executive selling in November 2020. Overall, insiders have generally transacted in amounts under $100,000 at a time. Insiders own nearly 35 percent of the oil and ...
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Sunoco, LP (SUN), recently picked up 2,500 shares. The buy doubled the director’s holdings, and came to a total cost just over $95,000. This marks the first insider buy since March 2020 during the last market low. Since then, company insiders have been sellers, with a cluster of directors and one executive selling in November 2020. Overall, insiders have generally transacted in amounts under $100,000 at a time. Insiders own nearly 35 percent of the oil and ...
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Unusual Options Activity: Alcoa Aluminum (AA)
Shares of aluminum producer
Alcoa Aluminum (AA) have been a strong performer in the past year, as both a play on continuing economic growth and as a hedge against inflation. One trader sees that trend continuing for the foreseeable future. That’s based on the January 2023 $55 calls. With 409 days until expiration, over 11,960 contracts traded, a 48-fold jump in volume from the prior open interest of 248 contracts. The buyer of the calls paid $6.88 to make the trade. With shares ...
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Alcoa Aluminum (AA) have been a strong performer in the past year, as both a play on continuing economic growth and as a hedge against inflation. One trader sees that trend continuing for the foreseeable future. That’s based on the January 2023 $55 calls. With 409 days until expiration, over 11,960 contracts traded, a 48-fold jump in volume from the prior open interest of 248 contracts. The buyer of the calls paid $6.88 to make the trade. With shares ...
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Microchip Growth Continues, and Top Performers Will Keep Rising
Market sentiment has shifted from bullish to mixed in the past week with the rise of the Omicron variant, inflation fears, and how the Fed might be acting too little, too late. However, even with those fears, some trends are still continuing no matter what short-term fears pop up.
One of those trends is the growth of microchips in a variety of technologies. Rising uses still means a shortage now, but companies are rising to the occasion.
Case in point?
Marvell Technology (MRVL) ...
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Marvell Technology (MRVL) ...
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Insider Trading Report: Nautilus Biotechnology (NAUT)
Sujal Patel, President and CEO of
Nautilus Biotechnology (NAUT), recently added 250,000 shares. The buy increased his holdings by 1.5 percent, and came to a total price just over $1.1 million. A director also bought shares on the same day, picking up 50,000 shares at a price totaling just over $250,000. Several insiders, including the company CFO and other directors were buyers in November at slightly higher prices. Overall company insiders own over 38 percent of the company, which just went public ...
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Nautilus Biotechnology (NAUT), recently added 250,000 shares. The buy increased his holdings by 1.5 percent, and came to a total price just over $1.1 million. A director also bought shares on the same day, picking up 50,000 shares at a price totaling just over $250,000. Several insiders, including the company CFO and other directors were buyers in November at slightly higher prices. Overall company insiders own over 38 percent of the company, which just went public ...
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Unusual Options Activity: Ford Motors (F)
Shares of automaker
Ford Motors (F) have been on the rise in the past year, as the company has been expanding its electric vehicle fleet. One trader sees that trend continuing. That’s based on the June $24 calls. With 192 days left until expiration, over 38,500 contracts traded against a prior open interest of 1,362 contracts, for a 28-fold rise in volume. The buyer of the calls paid $1.42 to make the trade. With a recent price just under $20, shares would ...
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Ford Motors (F) have been on the rise in the past year, as the company has been expanding its electric vehicle fleet. One trader sees that trend continuing. That’s based on the June $24 calls. With 192 days left until expiration, over 38,500 contracts traded against a prior open interest of 1,362 contracts, for a 28-fold rise in volume. The buyer of the calls paid $1.42 to make the trade. With a recent price just under $20, shares would ...
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The Surprising Winner as Competition Heats Up in Video Calling Amid the Omicron Variant
One of the top performing spaces to be in during the pandemic was in video conferencing services, with
Zoom Communications (ZM) being a clear winner. However, other companies offer services, including free services, that could provide a better offering for users amid the latest variant. One company getting into the space has a history of dominating in the top positions of every tech category it gets into. That company is
Microsoft (MSFT), and its Team program has already been a strong player. Now, the ...
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Zoom Communications (ZM) being a clear winner. However, other companies offer services, including free services, that could provide a better offering for users amid the latest variant. One company getting into the space has a history of dominating in the top positions of every tech category it gets into. That company is
Microsoft (MSFT), and its Team program has already been a strong player. Now, the ...
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