Trading Tips Blog

Shares of oil and gas company Devon Energy (DVN) have been in a strong uptrend for the past year. one trader sees the potential for a move even higher in the first half of this year. That’s based on the July $50 calls. With 188 days until expiration, 5,190 contracts traded compared to a prior open interest of 264, for a 20-fold rise in volume. The buyer of the option paid $4.68 to make the trade. Shares have a 52-week high ...
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Any company investing in electric vehicles was a popular place for investors in 2020 and going into 2021. But that interest waned, and a number of companies in the space ended up having a tough year. However, that could simply be a pause before EV stocks head higher, likely moving up again in 2022. That’s thanks to continued investment and capital flowing into the space, in what looks to be one of the biggest multi-trillion-dollar trends of the decade. Looking at opportunities ...
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John Keane, a director at IronNet (IRNT), recently picked up 25,000 more shares. The buy increased his stake by nearly 6.5 percent, and came to a total price of $106,000 exactly. This marks the first insider buy at the company since it went public last year. The company Co-CEO, President & Chairman, who is also a major holder of shares, has made some small reduction in his shares since then. Overall, insiders own 35.1 percent of the company. Those insiders have been ...
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Shares of online pet supply retailer Chewy (CHWY) have sunk nearly 40 percent over the past year, far underperforming the overall stock market. One trader sees the possibility for a strong rebound in the next few months. That’s based on the March $75 calls. With 70 days until expiration, 7,016 contracts traded against a prior open interest of 173, for a 41-fold surge in volume. The buyer of the calls paid $0.60 to make the trade. With shares right around $55, the ...
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One investment strategy that has generated consistent excess returns is known as the Dogs of the Dow. Of the 30 Dow stocks, the ten companies with the worst performance over the past year are bought, and in turn, they tend to generate market-beating returns as stocks revert to their mean over time. For investors, the start of the new year is a time to look at which companies made the list, and look for opportunities. Of the Dogs this year, one stands ...
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David Blundin, a director and major holder at EverQuote Inc (EVER), recently added 43,100 shares. The buy increased his holdings by 0.3 percent, and came to a total purchase price just over $638,000. This follows up on a 1,200 share buy just before Christmas, and buys of nearly 300,000 shares at the start of December. Overall, company insiders have been both active as buyers and sellers, but buyers have had the edge on total shares traded recently. Overall, insiders own 23.2 ...
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Shares of cloud-based data platform Snowflake (SNOW) have been trending higher for months, although got caught in a downtrend toward the end of the year. One trader sees that trend reversing in the coming months. That’s based on the March $350 calls. With 71 days until expiration, 6,091 contracts traded against a prior open position of 152, for a 40-fold rise in volume. The buyer of the calls paid $24.50 to make the trade. The stock last traded for about $332, so ...
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Nothing in the investment universe moves in a straight line. The market is prone to all sorts of rallies and pullbacks, with a number of sectors and individual stocks sometimes falling when the market is rising. 2021 was an unusual year where most stocks rallied, but a number of stocks traded well off their highs. Some fared even worse, but the new year is a time to reevaluate last year’s laggards as a potential rebound play. For instance, one the worst performing ...
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