6023

Unusual Options Activity: AbbVie (ABBV)


Big trade bets shares will rally in July.
Shares of
AbbVie (ABBV) dropped nearly 15 percent on news that it was planning to acquire Botox maker Allergan. One trader is betting that the move was overdone. On Friday, over 3,200 contracts traded on the August 2, 2019 $80 call option. With 35 days left to expire and AbbVie prices just under $72, the option is a bet on an 11 percent rally in shares in the month of July. That kind of percentage move ...
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Buy a Company in this Unloved Sector

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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6016

Unusual Options Activity: Altria (MO)

Trader bets on more downside for tobacco giant. Tobacco companies have had a rough year, amidst long-term sales declines and a decision to pass on major investments in the growing cannabis industry. One trader sees some more downside, with a large put option trade on
Altria (MO). On Thursday, over 9,500 contracts of the July 12th $49 put options traded, a 57-fold increase in volume on the option. This option, with shares at $48, is already in-the-money. So while it expires in 15 days, ...
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6015

Insider Activity: Biohaven Pharmaceutical Holding Company (BHVN)


Two insiders buy over $600,000 in shares.
Insiders still remain incredibly bullish across the biotech and pharmaceutical space. On Wednesday, two insiders bought shares at
Biohaven Pharmaceutical Holding Company (BHVN). CEO Vlad Coric bought 5,000 shares, shelling out just over $201,000. And director John Childs bought 10,000 shares, paying just over $403,000. This marks the first insider buys at the company in over two years, following insider sales last year in the $50-60 range. With shares in the low $40’s, the insider buys look like ...
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6004

Unusual Options Activity: Micron Technology (MU)


Traders bet on drop following big earnings beat.
Shares of
Micron Technology (MU) surged over 14 percent on Wednesday thanks to a massive earnings beat. But some traders think the stock has rallied too much. On Wednesday, a large number of contracts with unusual options activity centered around put options on Micron, with many expiring on Friday, just two trading days away. One further out, the August 2nd $32 put options, has over a month to play out. This option had over 1,600 contracts on ...
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6003

Insider Activity: MGM Resorts International (MGM)

Fund manager makes big buy after merger announcement in the sector. Money manager Keith Meister continues to be bullish at
MGM Resorts International (MGM), the casino firm where he already owns 20 million shares and has a board seat as a director. On Tuesday, Meister picked up 380,651 additional shares, at a cost of about $10.59 million. This news comes after a big announced merger in the gaming space between Eldorado Resorts and Casears Entertainment. Typically, casinos can be a bit volatile, as many ...
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5994

Insider Activity: Stoke Therapeutics (STOK)

Insiders buy millions of shares of genetic disease research firm. Insiders continue to be bullish on the pharma and biotech space at current prices. One of the latest buys is in
Stoke Therapeutics (STOK). RWT Investments, a partnership that already owns more than 10 percent of shares, picked up 555,556 shares last week, increasing their stake by $10 million. Then, this week, another big insider trade occurred. Director Seth Harrison bought 1,388,889 shares via his holding company, Apple Tree Partners IV. This increased his stake ...
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5996

Unusual Options Activity: Delta Airlines (DAL)

Airline carrier may see big drop in shares.
A large bet has been made that shares of
Delta Airlines (DAL) will drop in the coming months. On Tuesday, nearly 3,000 contracts of the December 2019 $45 put options traded. With shares of the airline around $56.50, this is a bet on shares dropping by 20 percent between now and the end of the year. The airline industry has fared well lately, and oil prices have been slow to rally into their usual summer season ...
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