Trading Tips Blog

Shares of Enphase Energy (ENPH) have tripled since August. At least one trader sees room for shares to nearly double again in the coming months. That’s based on the May 21st $320 calls. Over 7,690 contracts traded against a prior open interest of 111, for a 69-fold gain in volume. Expiring in 122 days, shares would need to rise 67 percent from their current price near $190 to move in-the-money. The trader paid about $10.95 for the options. Over the past year, shares ...
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Creating a vaccine in under a year is a tremendous achievement. The next difficult step? Making sure it gets out where it needs to go in a timely manner. So far, the rollout has some hitches. Vaccines sit on shelves. Some need refrigeration and have a short lifespan to be used. Potential wastage is high. That’s where company with expertise in organizing a global supply chain can help. One company is rising to the occasion with a partnership to roll out ...
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Shares of Bank of America (BAC) had a relatively slow day, as other large banks reported their earnings. But at least one trader sees shares heading higher when BAC reports earnings next week. That’s based on the February 5th $37.50 calls. With share around $33, it would require shares to pop nearly 10 percent to move in-the-money. But the trader paid just 13 cents on average for the trade, so it could be good for a big rally, even if it ...
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Ark Invest ETF, the top-performing tech fund of the past year, recently released its latest holdings. The fund picked up 497,100 shares of Palantir Technologies (PLTR), increasing its stake to 1.93 million shares. The ETF has picked up a number of interested traders and investors, given the fund’s incredible performance in 2020, led by the fund’s largest holdings in companies such as Tesla Motors (TSLA) and Grayscale Bitcoin Trust (GBTC). Ark has an excellent long-term track record, but last year’s shoot-out-the-lights performance ...
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Richard Sorota, an Executive Vice President at Perrigo Company (PRGO), recently started a stake with a 7,513 share buy. The total cost of that buy came to just over $326,000. This marks the first insider buy of 2021. Insiders were mostly buyers in 2020 as well, although a few C-suite executives sold at prices lower than where shares trade today. Overall, insiders own just under 1 percent of shares. While insiders have a somewhat mixed trading records, shares of the manufacturer ...
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Shares of electric vehicle manufacturer Nio Limited (NIO) saw a modest decline. With shares still in an uptrend and near all-time highs, it’s no surprise that at least one trader sees a move higher. That’s based on the activity in the December 2022 $100 calls. With 700 days until expiration, the option would require shares to move nearly $40 higher from their current price near $60. Over 4,900 contracts traded, a 35-fold rise in volume from the prior open interest of ...
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As far back as 2017, analysts were calling for the death of retail, particularly with mall-related names. As e-commerce and big box stores increased their market share, the traditional mall seems to have died out. Covid didn’t help either. Yet many of these names have moved higher in the past few months. That’s partly market optimism, and partly these stores pivoting towards online sales as well. But the trend may be playing out. The poster child for this phenomenon is Urban Outfitters ...
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Robert Bondurant, President and CEO of Martin Midstream Partners LP (MMLP), recently bought 1,158 shares. That increased his stake by 1 percent, and came to a cost of $1,600. He was also joined by director Ruben Marin, who bought 1,172 shares at the same price, increasing his holdings by 0.03 percent. Insiders have been regular buyers of shares at the small-cap energy producer in the past year, often in small amounts of a few hundred to a few thousand shares at ...
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