Trading Tips Blog

Senior Vice President makes six-figure buy. On Thursday, August 29th, Geoff Tanner bought 1,000 shares of JM Smucker Company (SJM), where he serves as a senior vice president. By picking up shares around $103, his total cost to pick up those shares was $103,000. The buy increases his stake by 17 percent, leaving him with just under 14,400 shares. This is the first insider buy at the company this year, following some insider sales at higher prices in the past few months. The ...
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There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
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CEO & 10% owner adds to stake. On Wednesday, August 28th, Joseph Jolson picked up 6,394 shares of Harvest Capital Credit Corp (HCAP), where he serves as director and already has an ownership stake with more than 10 percent of the shares outstanding. The purchase came to nearly $63,000, and increased his stake in the company by 0.85 percent. Year-to-date, insiders have been buyers of shares at the company, almost exclusively by Jolson, but there has also been one buy from the ...
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Traders bet on rally by March. On Thursday, over 5,000 contracts traded on March 2020 $50 call options on MetLife (MET). With a prior open interest of 224 contracts, the volume was 22 times the prior open interest, making for one of the most active options trades of the day. With shares around $44, the bet is on a $6 upside by March, about 13.4 percent higher from here, in the next 203 days before expiration. MetLife provides insurance, annuities, employee benefits, and ...
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Traders bet on further drop in shares by February. On Wednesday, over 15,000 contracts traded on February 2020 $8 put options on Freeport McMoRan (FCX), one of the world’s leading copper giants. With an open interest of around 1,000 contracts prior to the trade, the volume in the option has surged 15-fold. Shares of the copper mining company currently trade around $8.80, making the $8 strike price on the put option a bet on the share price dropping at least 10 percent ...
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Director $116,000 buy at regional bank. On Tuesday, August 27th, director Scott Toothaker picked up 5,371 shares of Bar Harbor Bankshares (BHB). The buy increased his stake by 22 percent, to just over 29,500 shares. The purchase totaled just over $116,000. Insiders at the bank have been buyers year-to-date, with many purchases occurring at prices as much as 18 percent higher than where shares currently trade. The last insider sale occurred in 2018, but has been far lower than the total insider ...
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Director makes quarter-million buy. On Monday, August 26th, director Gretchen Haggerty bought 6,220 shares of Johnson Controls International (JCI). The cost came in just over $257,000, and represents a 93 percent increase in shares. This is the first insider buy at the company since late 2017. Insiders have largely been sellers of shares at JCI year-to-date, at prices ranging from the current price to 8 percent higher, a typical pattern for a large, international company. Johnson Controls International is a diversified industrial and ...
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Surge January 2020 put buying. On Tuesday, over 3,050 contracts traded on the January 2020 $19 put options on Melco Resorts & Entertainment (MLCO). With a prior open interest of 163, this is a 19-fold surge in volume for the option contract. With shares of the company currently trading just over $20, it’s a bet on a 5 percent decline in shares in the next 142 days before the option expires. Melco owns, develops, and operates casino and entertainment resort facilities in Asia, ...
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