Trading Tips Blog

Shares of cosmetics firm Coty (COTY) have been range-bound over the past few months, with a few periodic jumps higher. One trader sees the possibility for a move higher in the coming months. That’s based on the February $9 calls. With 137 days left until expiration, over 32,025 contracts traded, a 52-fold jump in volume from the prior open interest of 615. The buyer of the calls paid $0.76 for the contracts. Shares are just under $8, so they would need to ...
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Despite a global pandemic, supply chain issues, and other short-term fears, technology continues to create new industries and services that consumers are willing to spend money on. One of the top new industries is space tourism. This year has seen the launch of the first few space flights with civilian passengers. The market is starting as an expensive niche, but will likely expand in the years ahead, and serve as a springboard for other space travel. One of the industry leaders, Virgin ...
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Istar Inc, a major owner of Safehold Inc (SAFE), has been adding to its stake recently. The company bought 13,644 more shares on September 29, a 0.04 percent increase in its holdings at a cost of just under $1 million. The company also bought 657,894 shares two days before that, marking a 1.9 percent increase in its holdings and at a cost of just under $50 million. Overall, insiders own nearly 63 percent of company shares. These insider buys have occurred ...
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Shares of Chinese e-commerce giant Alibaba (BABA) have sold off in recent weeks on increased regulations out of China as well as a slowing economy there. One trader sees the possibility for a rebound in the next few months. That’s based on the March $130 calls. With 138 days until expiration, over 4,400 contracts traded, a 33-fold rise in volume from the prior open interest of 134. The buyer of the calls paid $29.70 to make the trade. With shares around $150, ...
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Fintech has been supplanting traditional sources of finance and lending in the past few years at a rapid rate. One of the fastest-growing subsets is the BNPL, or buy now, pay later service. Replacing layaway plans and traditional credit measures, the industry is adapting to the rapid growth of this niche, which went from $3 billion in 2019 to nearly $40 billion in 2020 just in the US alone. Now, Mastercard (MA) is looking to roll out Mastercard Installments, a BNPL service ...
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Silver Point Capital, a major owner of Gulfport Energy Corp (GPOR), recently acquired an additional 22,000 shares. The buy increased the fund’s stake by nearly 0.25 percent, and came to a total purchase price of $1.75 million. This is the fourth buy from the fund since June, totaling nearly 450,000 shares. In the time the fund has been buying, shares have moved up nearly 35 percent. Overall, company insiders own 0.35 percent of company shares, and have been buyers at lower ...
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Shares of megabank Bank of America (BAC) hit a new 52-week high this week, even amid the latest market volatility. One trader sees the move higher, just a hair above the price the stock hit in June, as a sign that shares may be due for a drop. That’s based on the October 1 $43 puts. Expiring tomorrow, over 8,300 contracts traded compared to a prior open interest of 309, for a 27-fold jump in volume. The buyer of the puts ...
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Supply chain disruptions suggest that shortages for many goods will continue potentially indefinitely. However, a number of tech executives see a light at the end of the tunnel, with the shortage of semiconductor chips abating next year. The most recent to comment has been Lisa Su, the CEO of Advanced Micro Devices (AMD). She has noted that demand has been at record levels since the pandemic. Su reiterated that the company is continuing to get more chips into the hands of ...
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