Trading Tips Blog

Jorge Gonzales, President and CEO of The St. Joe Co (JOE), recently picked up 1,000 shares. The buy increased his holdings by nearly 5 percent, and came to a total price of just under $42,000. This marks the first insider buy of 2021. A fund with a large ownership stake has been a seller this year. Looking at the past 3 years, C-suite executives and directors have only been buyers of shares. Overall, company insiders own about 7 percent of shares ...
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Cannabis stocks exploded higher at the start of the year and have now given up their gains. Tilray (TLRY), for instance, started the year under $10, spiked to $60, and has now lost most of its value to trade at $15. One trader sees a rebound ahead. Over 2,970 contracts traded on the August $30 calls, a 21-fold rise in volume from the prior open interest of 141. The buyer paid about $0.58 for the options, which will require shares to about ...
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Chinese search giant Baidu (BIDU) has just completed a head and shoulders pattern, undoing its recent gains and now trades back at a five-month low. One trader now sees the potential for a bounce higher. That’s based on the July $185 calls. Over 10,197 contracts traded against a prior open interest of 299, for a 34-fold rise in volume. The buyer of the option which has two months to play out, paid about $13.50 for the contract. This is a slightly in-the-money ...
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Cryptocurrency mining has led to a large surge in demand for processing power. That’s been great for companies that manufacture those products. But some of today’s newer cryptocurrencies are using data storage in a larger way than in cryptos of the past. That’s created a surging demand for hard drives, and reversed a declining sales trend for hard drives that occurred over the past few years on concerns that everything would simply move to the cloud. In particular a new cryptocurrency, Chia, ...
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  Janet Miller, a director at Cleveland-Cliffs (CLF), recently bought another 1,280 shares. The buy increased her stake by less than 2 percent, and came to a total cost of just under $25,000. This is the second buy of the year, following a 15,000 share buy form the company CFO in March. Over the past 3 years, C-suite executives and company directors have been exclusively buyers. The only sale has come from the stake held by another company. Overall, insiders own nearly ...
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Casinos have been a hot gamble with investors over the past year. Pandemic-driven shutdowns led to a collapse in business. But speculation on reopening has been good for the space. One trader sees room for a further rally in Las Vegas Sands (LVS). That’s based on the August $60 calls. Expiring in 95 days, and with shares near $56, the trade would move in-the-money if shares rallied less than 10 percent higher from here. Over 22,700 contracts traded against an open interest ...
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Wayne Hughes, a major holder at American Homes 4 Rent (AMH), recently bought an additional 54,000 shares. The buy increased his stake by 0.3 percent, and came to a purchase price just under $2 million. Hughes has been a regular buyer over the past year. Other company insiders bought last March, near the pandemic low. Otherwise, insiders have generally been sellers over the past year. Overall, company insiders own nearly 15 percent of shares. The company leases out single-family homes for ...
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Many companies were able to quickly shift to changing consumer needs during the pandemic. For entertainment companies, the rise of streaming services from nearly every studio has proven a boon. That was the case with The Walt Disney Company (DIS). Despite a record-long shutdown of many of its parks and cruise ships, a surge in streaming subscribers allowed shares to head to new highs. In fact, the trend was so strong the company hit its 5-year streaming subscriber goal in its ...
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