Trading Tips Blog

James Filler, a major owner at Century Bancorp (CNBKA), recently added 1,002 shares to his stake. A mere 0.12 percent increase, the $69,000 buy increased his holdings to over 848,000 shares. This follows on top of some small share buys from company executives earlier in the month, although Filler has been the major buyer of shares in the past year. The Massachusetts based-bank has 27 offices in the state. Shares have shed 21 percent in the past year, as the decline ...
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Nearly 2,100 contracts traded on the November 20th $110 puts on Xilinx (XLNX) recently. The trades amounted to an 18-fold rise in volume on the trade based on the prior open interest of 114 contracts. Expiring in 39 days, the trade is a bet that shares will shed about $9 from their current price near $119. Shares of the tech company soared on Friday on the announcement that Advanced Micro Devices was in advanced talks to buy the firm. The buyer of ...
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Industrial companies have been out of favor plays in this market. Some companies have fared even worse, having struggled even while the economy was looking rosy. One of the most unloved names in the space just got a major upgrade with a potential 50 percent move higher in the next year. In fact, an analyst at Goldman Sachs just called this company the “ultimate self-help, vaccine-leverage story,” in the sector. That company? General Electric (GE). GE has spent the last two ...
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In spite of a recession in 2020, consumer spending has held up well… at least in grocery stores and other essential retailers. That’s been borne out by the market-beating returns in many big-box stores, as specialty retailers like clothing companies have been hard-hit. That’s a trend likely to continue, and a few companies are working to perform even better going forward. That’s the view of BMO, where the portfolio manager of the company’s Low Volatility Equity Fund sees many big consumer-facing ...
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Over 4,100 contracts traded on May 2021 $16 calls on American Airlines (AAL). That’s a 40-fold rise in volume from the prior open interest near 100 contracts. The bet, expiring in 224 days, would require shares to rally to $16 from their current price near $13.50. That’s about an 18.5 percent return. The trader paid about $2.70 for the contracts on average. This bet comes as the airline industry struggles to reach passenger traffic one-third the level of this time a year ...
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Dan Hill, a director at NuStar Energy (NS), recently picked up an even 5,000 shares. Paying about $10 per share, the buy came to $50,000. It increased his total holdings to 59,214 shares. This is the first insider buy in six months. Insider buying for 2020 shows a number of insider buys, at prices anywhere from $6 at the March lows to $12. The buys include directors and C-suite executives. Shares have traded between $5 and $30 in the past year ...
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Harold Hamm, executive chairman at Continental Resources (CLR) recently added 769,235 shares to his holdings. The buy increased his stake to over 296 million shares, and came at a cost of just over $9.7 million. Hamm has been a repeat buyer throughout the year, as have a number of directors and C-level executives earlier in the year. Insiders have bought in a range anywhere from $8 to $16 per share. With shares currently under $13, the price is in the middle ...
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With a 33-fold rise in volume on the October 30th $50 calls, one trader is betting on a big move higher in Las Vegas Sands (LVS) this month. With 22 days until expiration, the call would require shares to rally about 10 percent for the trade to move in-the-money. The option buyer paid about $1.26 on average for the option, so shares would need to rally quickly and strongly to offset the declining time premium on the contract. Gaming companies have seen ...
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