Trading Tips Blog

Trader bets on 50 percent decline in shares over the next year. At least one trader is betting on a massive decline in Advanced Micro Devices (AMD) between now and June 2020. On Monday, over 7,000 contracts traded on a June 2020 $15 put option for AMD. With a prior open interest of 466, this represents a fifteen-fold surge in volume. Shares currently trade around $34, implying a downside of over 50 percent for these put options to move in-the-money in the ...
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Cable and internet provider shares see a surge in call option buying. At least one trader is betting on a big rally in Altice USA (ATUS) between now and September. On Friday, over 2,500 contracts traded on a September $26 call option for the company. With a prior open interest of 120, this represents a massive surge in volume. Shares currently trade around $24.50, implying at least $1.50 in upside over the summer. Based out of Long Island, Altice operates broadband and video ...
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One director buys over $250,000 in shares. One director is betting that shares of oil and natural gas production company Encana (ECA) have gotten oversold. Last week, director Bruce Waterman picked up 50,000 shares of the company for just over $5.00 per share, shelling out over $253,000. The purchase increased his stake in shares by 25 percent. Shares of the company have been declining in recent weeks, in line with falling oil prices. Shares of Encana have been more out of favor than other ...
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Multiple directors buy at the regional retail firm. Three different directors have been buying shares recently in regional retail outlet Conn’s (CONN). Director James Haworth picked up 2,240 shares, shelling out nearly $40,000 to do so. Director Bob Martin picked up 26,600 shares, for a commitment of over $453,000. And director William Saunders bought 10,000 shares even, paying nearly $180,000. This kind of cluster of buys by directors is a solid sign. With only 125 locations in the South and Western United States, Conn’s ...
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Big bet that copper mining giant will move at least 10 percent higher by early July. At least one trader is betting on a 10 percent pop in Freeport McMoRan (FCX) in the next month. On Thursday, nearly 5,900 contracts traded on July 5th $11 calls. With shares just over $10, they would need to rally nearly $1, or about 10 percent, for these calls to expire in-the-money. With a prior open interest of 102 in the contract before the trade, this is ...
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Half a dozen insiders get bullish on American Airlines this week. Six different insiders bought near the recent market bottom for American Airlines (AAL). From the Chairman and CEO, to the company President to several Executive Vice Presidents, over $2.4 million in shares were bought by insiders on Tuesday, just before shares started rallying. The largest buy came from CEO Douglas Parker, who bought 50,000 shares, spending over $1.4 million alone. Based on the price he paid per share, he fared the worst ...
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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 ...
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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 ...
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