Unusual Options Activity: Big Lots Inc (BIG)
Shares of discount retailer Big Lots Inc (BIG) have been trending down over the past year. One trader sees shares bucking that trend in the next month with a move higher. That’s based on the September $25 calls. With 37 days until expiration, 6,856 contracts traded compared to a prior open interest of 140, for a 49-fold rise in volume on the trade. The buyer of the calls paid $1.80 for the trade. The stock recently traded for just under $24, so ...
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The Economy Is Slowing, But Not Ending – Grab Winners for the Rebound Now
Investors are often prone to taking a current trend and extrapolating it out indefinitely. That means in a bull market, traders get overly aggressive. But in a bear market, traders look at the current trend and get overly pessimistic. We’re seeing signs of an economic slowdown. But that slowdown is with the goal of getting inflation out of the economy. We still have a strong jobs market and consumer strength. That may lower, but it’s not going to end. That means that ...
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Insider Trading Report: Stanley Black & Decker (SWK)
Andrea Ayers, a director at Stanley Black & Decker (SWK), recently added 15,500 shares. The buy increased her holdings by nearly 700 percent, and came to a total price of $1.48 million. This represents the first insider buy at the company in the past three years. Over that time, a number of company executives have been regular sellers of shares. No company directors have been sellers of shares over the past three years. In total, company insiders own about 0.4 percent ...
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Unusual Options Activity: AMC Entertainment Holdings Inc (AMC)
Shares of theater chain AMC Entertainment Holdings (AMC) have been on a volatile ride in the past year, but the stock is down about 30 percent. One trader sees the possibility for a further drop in the months ahead. That’s based on the October $25 put option. With 73 days left until expiration, 4,829 contracts traded compared to a prior open interest of 147, for a 33-fold rise in volume on the trade. The buyer of the puts paid $7.30 to ...
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The Rich Get Richer… So Invest with Them!
The wealthy are able to grow their wealth because they look for ways to invest while markets are down and other investors are in a panic. But they leave plenty of clues as to what they’re buying. Astute investors can follow along for big profits as markets rebound. One of the hardest-hit sectors is cryptocurrencies. Yet wealthy investors are continuing to invest in the space, either directly with cryptocurrencies or in crypto-related projects. One big announcement is BlackRock (BLK) partnering with Coinbase ...
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Insider Trading Report: Luminar Technology (LAZR)
Austin Russell, Chairman and President at Luminar Technology (LAZR), recently bought 25,000 shares. The buy increased his holdings by just over 3 percent, and came to a total price of $180,000. This is the 9th buy from the President since the company went public last year. The most recent buy was back in May for 300,000 shares, valued at nearly $2.6 million. Only one company director has been a seller of shares since the company went public. Overall, insiders at the company ...
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Unusual Options Activity: Pacific Biosciences of California (PACB)
Shares of medical devices company Pacific Biosciences of California (PACB) have lost about 85 percent of their value in the past year. One trader sees further downside going into the end of the year. That’s based on the January 2023 $5 puts. With 165 days until expiration, 6,463 contracts traded compared to a prior open interest of 170, for a 38-fold rise in volume on the trade. The buyer of the puts paid $1.05 to make the bearish bet. The stock recently ...
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Stay on the Offense with a Defensive Market Play Now
The stock market has quickly retraced nearly half of its recent losses over the past few months. While some might see that as the start of a new bull market, others see the pattern of a bear market rally playing out. To trade these kinds of markets, investors can focus on dividend paying stocks, or on stocks that operate in defensive industries that hold up even when the economy remains slow. In this current economy, auto parts suppliers and retailers have held ...
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