CEO Insider Buys Indicates He Sees the Majesty of the Red Rocks
Red Rock Resorts Inc (NASDAQ: RRR) CEO and 10% owner Frank Fertitta has been busy buying shares of his company in recent weeks. This is the first purchases made in nearly a year as the stock is moving higher. While his purchases are significant, he’s also not the only one in the company buying large blocks of the company’s stock. Red Rock closed 4.53% higher on Thursday as the stock has advanced in 13 of the last 14 days and the ...
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Coke Isn’t ‘It’ Right Now with Option Traders
Coca-Cola Co (NYSE: KO) has been stumbling as the share price tests the $49 resistance. It’s a price level that Coca-Cola has struggled with in the past as the price typically falls back to $44 since its April high. As the price broke lower on Wednesday, pressuring the Dow, option traders jumped in on Thursday to place bearish trades indicating a near-term move lower back to the support. Since April 7, the price of KO has struggled to gain ...
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6 Stocks that Option Bulls Have in Their Crosshairs this Week
Every investor should have a funnel or a process that they use to narrow down the universe of tradable stocks to a select set of companies that they would be inclined to trade. One approach is to look at the so-called “smart money.” These large investors have a lot of money that they manage, and option activity is one place to look for where the money is going. The following six companies saw significant bullish option activity in the past ...
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What are FAANG Stocks? And Why You Should Invest In Them
The FAANG stocks, listed below, are simply five of the best companies that have ever existed. Mostly from the tech sector, they’ve shown shareholders love over the years with massive returns on the stock market, combined with growing earnings—and a few even pay dividends! In fact, at times, the FAANG stocks have been the sole driver of returns for the overall market. The other 495 names in the S&P 500 Index have simply performed that poorly ...
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Did the Options Market Just Call the Top as Homebuilder Optimism Reaches Highest Since 1998?
As mortgage interest rates are testing all-time lows, homebuilder optimism has surged to the highest level since 1998. The recent National Association of Home Builders/Wells Fargo Market Index beat analyst estimates and points to extreme optimism in the midst of a recession. As far as the options market is concerned, there was a large put option trade that is looking for the SPDR S&P Homebuilders ETF (NYSEARCA: XHB) to trade significantly lower by the start of 2021. According to ...
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Netflix Insiders Bail as the ‘Shuffle Button’ is Being Tested
Over the past several weeks, there has been a significant insider selling in Netflix Inc (NASDAQ: NFLX). The breadth of selling has included some high-profile names, one of which is the Chief Content Officer. As the price has sputtered and viewers are becoming more indecisive, the company is preparing the launch of a “shuffle button.” As insiders are picking up the pace of profit-taking, it may make sense for investors to shuffle their ownership of Netflix as its credits ...
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5 Low Cost ETFs for Income and Appreciation
Many investors find the cost and convenience of ETF investing the best way to manage their money. One of the advantages of ETF is the fact that they can be traded or have conditional orders placed to help manage risk. Many ETFs have a robust option market with plenty of liquidity. However, many ETFs are dominated with many of the same stocks or other holdings. Here are five ETFs that can be used to provide diversification, income, and opportunity for ...
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Silver Fades from Its High As Option Bulls Keep Building Case for Big Fall Move
After the large drop in silver on August 11, the price has been tentatively moving higher. Tuesday was no exception as the price gapped on the open and faded back into the previous day’s range. While the movement looks to consolidate gains, the timing of a potential bullish breakout is difficult to predict. The options market on the iShares Silver Trust ETF (NYSEARCA: SLV) saw some rather bullish trading being made as the implied volatility prices another big breakout ...
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