Trading Tips Blog

CFO and director buy shares. On Thursday, August 22nd, Keith Koci, CFO of Cleveland-Cliffs Inc. (CLF)picked up 12,500 shares of the company, paying just over $101,000 to do so. This buy increased his total stake in shares by 17 percent. He was joined by director John Baldwin, who bought 7,000 shares, a $58,000 buy. That increased the director’s stake by 6.5 percent. Insiders have bought earlier in the month as well, and have been net buyers with no sales since May. Insiders have ...
Read More About This

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 ...
Read More About This

Surge in September call buying. On Thursday, over 20,300 contracts traded on the September 6th 2019 $9 call option on Bed Bath & Beyond (BBBY). With shares trading around $8.40, the option is a bet on a 6.6 rally in shares in the next 14 days. The option contract had a prior open interest of just 320 contracts, indicating a 63-fold surge in volume on the trade. Bed Bath & Beyond operates 1,533 stores around the world selling various home fashions, furnishings, and ...
Read More About This

CFO follows large director buys this month. On Wednesday, August 21st, Aaron Alt, CFO of Sally Beauty Holdings (SBH), bought 1,000 more shares, paying just over $12,000 to do so. While a small buy, he is following on two director purchases on August 20th, in the amount of 3,000 and 10,000 shares, at a cost of $36,000 and $119,000 respectively. And on August 2nd, a director bought 7,000 shares as well, shelling out nearly $93,000. Insiders have been buyers of shares earlier in ...
Read More About This

President and CEO, CFO buying shares this month. On Tuesday, August 20th, James Roberts, President and CEO of Granite Construction (GVA), picked up 2,000 shares of the company, paying nearly $56,000 to do so. The increase in shares leaves him with just over 210,000 shares of the company. This is his second buy of the year, having picked up 3,000 shares on August 15th. The company’s CFO bought over 2,500 shares on August 12th and August 14th. A director also picked up ...
Read More About This

Surge in September put buying. On Wednesday, over 5,000 contracts traded on the September 2019 $69.50 put options on ExxonMobil (XOM). With a prior open interest of 260, this was a 19-fold surge in volume. With a current share price at $70, the options are just out-of-the-money. The option buyer could see a penny-for-penny move should the shares fall less than 1 percent from here. ExxonMobil shares have traded as low as $64.50 in the past year, so a drop to those lows ...
Read More About This

Surge in put-buying indicates drop by the month’s end. On Tuesday, over 4,700 contracts traded on an August 30th $123 put option on Johnson & Johnson (JNJ). The bet, with shares of the healthcare giant trading around $131, implies a 7 percent drop by the end of next week. The option, with a prior open interest of around 150, saw volume increase by 32-fold as a result of the surge in trading. The company could certainly see shares drop that quickly. In the ...
Read More About This

Chief Legal officer makes six-figure buy. On Monday, August 19th, Michael Reeves, Chief Legal Officer at Lumber Liquidators (LL), bought 14,900 shares, a stake that cost nearly $124,000. The buy increases his stake in the company by 50 percent. This is the third buy by insiders in 2019, including a 14,000 share purchase by the company’s CEO, Dennis Knowles on August 8th, at a similar price. Insiders have been inactive in the stock between 2015 and 2018, with no insider trades recorded. Lumber ...
Read More About This