Trading Tips Blog

Real estate platform company Opendoor Technologies (OPEN) has been trending down since February. However, one trader sees the potential for a rebound in the next year and change. That’s based on the January 2023 $23 calls. With 508 days until expiration, over 35,013 contracts changed hands, a 71-fold jump in volume from the prior open interest near 490 contracts. The buyer of the calls paid about $3.60 to make the buy. Shares would need to move about 37 percent higher from their ...
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Economic data continues to show that the rich got richer during the pandemic. Most were unaffected by shutdowns, and having wealth tied up in appreciating assets like stock and real estate increased their net worth. That’s also true well into the middle class, a trend that also benefits a number of higher-end retailers. Like the big box stores, these companies have held up well, as reduced spending in activities like attending concerts or going out to dine led to higher spending ...
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Arik Ruchim, a director at Six Flags Entertainment Corp (SIX), recently bought 100,000 shares. The buy increased his stake by 1.2 percent, and came to a total purchase price of just over $3.8 million. This follows a buy from the day before by the company president and CEO, who bought 13,200 shares. That buy came in at just under $500,000. Prior insider activity over the past year had previously been all sales until these buys. Overall, company insiders own about 2 ...
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Sporting goods retailer Academy Sports and Outdoors (ASO) is already up over 200 percent in the past year. One trader sees the opportunity for a further move higher. That’s based on the December $45 calls. With 112 days until expiration, over 9,800 contracts traded compared to a prior open interest of 121, for an 81-fold jump in volume. The buyer of the calls paid about $4.90 to make the trade. With shares around $42, they’d only need to rally by $1 to ...
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For years, analysts bemoaned the “death of retail.” But consumers remain king, and many still want to shop in person, or online at a store other than Amazon (AMZN). That’s been a boon largely for the big box stores, which offer convenience, low prices, and a wide selection of offerings. And as earnings season has shown, these stores are still growing while also trading at a reasonable value. Case in point? Best Buy (BBY). The electronics retailer was seen as a particularly ...
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John Watters, President and COO at FireEye (FEYE), recently picked up 40,000 shares. The buy increased his stake by over 14.4 percent, and came to a total purchase price of just over $680,000. This follows up on a 10,000 share buy from Watters earlier this month. Insiders have been active buyers since June of this year, including a director and a company EVP. Going further back, however, insiders have generally been sellers. Overall, company insiders own about 2.1 percent of company ...
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Energy prices have been rebounding in recent weeks, and one trader sees a possibility to play that trade with Devon Energy (DVN). That’s based on the December $30 calls. With 113 days until expiration, over 9,360 contracts traded against a prior open interest of 145, for a 65-fold rise in volume. The buyer of the calls paid about $2.39 to make the trade. Shares recently traded near $28.50, so they would need to rise less than 10 percent to move in-the-money. Given ...
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Security software spending is on the rise following a series of high-profile hacks against a number of businesses this year. Now, security software companies are starting to report earnings, and it’s clear that business will be great for some time to come. That’s because these companies tend to operate on a recurring revenue basis, so whether a customer is now or upgrading their security software, they’ll also be making regular payments to ensure upgrades and monitoring. One company seeing big results is ...
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