Trading Tips Blog

Big data firm Palantir Technologies (PLTR) has lost half its value from a speculative peak earlier in the year. One trader sees a rebound in the coming weeks. That’s based on the June 11 $24.50 calls. Expiring in 31 days, over 3,900 contracts traded against an open interest of 201, for a 19-fold rise in volume. With shares trading around $20 in recent sessions, the option would move in-the-money on a 20 percent move higher in shares. The buyer of the call ...
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Fintech payment company Square (SQ) has been a big pandemic winner. Cashless transactions are on the rise, and the company’s touchless technology has done a lot to avoid the physical exchange of cash, on top of its other features. So it’s no surprise that the company smashed its latest earnings report, bringing in $5.06 billion in revenue against expectations of $3.3 billion. The company even reported making $3.5 billion in Bitcoin transactions, up 10-fold from a year ago when it ...
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Dion Weisler, a director at Intel Corp (INTC) recently picked up 4,464 shares. The total cost came to $250,000, and represents an initial stake for the director. Like many big-name tech companies that issue shares to executives, there’s been a lot of sales over the past few years. But Intel has seen a number of insider buys as well. This is the first insider buy since January, when the company CEO and CFO bought before shares provided a 27 percent ...
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Oil and gas exploration company Devon Energy (DVN) has been in a strong uptrend the past few months as oil prices have trended higher. One trader sees a further rally in the months ahead. That’s based on the October $30 calls. Over 12,325 contracts recently traded against an open interest of 481, for a 26-fold rise in volume. Expiring in 158 days, and with shares near $25, it would take another 20 percent rally in shares for the option to move ...
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Shares of Peloton Interactive (PTON) dropped on Tuesday following news of a voluntary recall for the company’s treadmill products. At least one trader sees a recovery in shares in the upcoming months. That’s based on the September $95 calls. Over 6,270 contracts traded against an open interest of 101, for a 62-fold rise in volume. The option has 133 days until expiration. The buyer of the calls paid about $8.50 to make the trade. Shares slid double-digits to under $83 on the ...
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Bryan Shinn, CEO of US Silica Holdings (SLCA) recently bought 2,000 shares. The buy increased his holdings by 0.25 percent, and came to a total purchase price of just over $48,000. This marks the first insider activity of 2021. Insiders were both buyers and sellers last year, with large insider buys early in the year, and sales later in the year. Overall, company insiders own just under 3 percent of total shares. Shares are up nearly 400 percent in the past ...
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Residential real estate has been a strong performer in the past year. Sales trends suggest that home prices will continue to appreciate as demand remains strong and supply remains tight. That bodes well for a number of companies that play to housing trends. That’s why most names in the space have beaten their quarterly estimates so far, and why they’re likely to perform well in the months ahead. One such play is Zillow Group (Z). The company saw revenue rise 8 ...
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Shares of Delta Air Lines (DAL) have been trading in a range between $44 and $52 over the past few months. One trader sees the potential for a move higher as the economy continues to reopen. That’s based on the August $48 calls. With 106 days until expiration, over 10,255 contracts traded, a 39-fold rise in volume from the prior open interest of 264. The buyer of the option paid about $2.27 to make the trade. With shares of Delta near $45, ...
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