Trading Tips Blog

Tech conglomerate Microsoft (MSFT) has been trending higher in recent sessions, even as it looks like the company’s potential merger with Activision Blizzard (ATVI) will face sufficient regulatory scrutiny to be scrapped. One trader sees shares reversing lower. That’s based on the July 21 $345 puts. With 31 days until expiration, 8,788 contracts traded compared to a prior open interest of 311 for a 28-fold rise in volume on the trade. The buyer of the puts paid $7.83. The trade comes as ...
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With tech stocks largely back in fashion, there are a few laggards out there. They may be the better opportunity going forward. That’s because laggards have better valuations, having not run up as much. And they may surprise investors with strong operational performance. That’s especially true when contrasting some of the biggest players year-to-date, and especially where investors aren’t that excited for a specific company at the moment. Investors don’t need to find the most boring stock, just one that’s less ...
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Michael Manley, CEO and director at AutoNation (AN) recently bought 7,000 shares. The buy increased his holdings by 46 percent, and came to a total cost of $1.014 million. This is the first insider activity since last May, when the company’s COO bought 2,342 shares at a cost just under $259,000. Otherwise, executives and directors have been sellers of shares, as well as billion investor Eddie Lampert, who is a major holder of the stock. Despite the large sales by insiders overall, ...
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Bioplastics producer Danimer Scientific (DNMR) is down about 25 percent over the past year. One trader sees a potential rebound in next two months. That’s based on the August $4 calls. With 63 days until expiration, 10,001 contracts traded compared to a prior open interest of 116, for an 86-fold rise in volume on the trade. The buyer of the calls paid $0.25 to make the bullish bet. Shares recently went for about $3.00, so the stock would need to rise by ...
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The latest inflation data continues to slow. Prices are now rising at their lowest rate in two years. But they’re still rising. And inflation is cumulative. So chances are, we’ll still have to deal with rising costs for everyday goods. Many consumers are shifting their spending from brand-name products to store-brands. The price is a bit lower, and sometimes those products are even made in the same factories. One company that creates store brands is TreeHouse Foods (THS). The private label food ...
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Gary Mick, CFO at Six Flags Entertainment (SIX), recently bought 5,812 shares. The buy increased his stake by 7 percent, and came to a total cost just under $157,000. The buy came just a few weeks after he bought 2,500 shares. And the CFO has made 5 other buys since last December, now totaling nearly $900,000. Other company insiders have been buyers as well, with the last insider sale in September 2021. Overall, insiders own 0.9 percent of the theme park ...
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Uranium producer Cameco (CCJ) just broke through to a new 52-week high. One trader is betting the rally will continue in the coming months. That’s based on the September $37 calls. With 91 days until expiration, 20,433 contracts traded compared to a prior open interest of 151, for a 135-fold jump higher in trading volume. The buyer of the calls paid $0.85 to make the bullish bet. Shares recently traded for about $31.50, so the stock would need to rise $5.50, ...
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Every day brings several reports about companies embracing artificial intelligence (AI) technologies. Some may see a genuine long-term opportunity. Others may see an opportunity to turn their share price around as the market loves this current tech trend. While big-name tech stocks have largely moved higher, there’s now some potential pockets of overvaluation with the biggest moves so far. That’s creating an opportunity for smaller plays, particularly for companies already rolling out AI tools. One such player is Salesforce (CRM). The company ...
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