Unusual Options Activity: Cameco (CCJ)
Shares of uranium mining giant
Cameco (CCJ) have risen in recent sessions. At least one trader expects that uptrend to continue. That’s based on the July 2021 $20 call options. Those options saw over 3,230 contracts trade recently, a 20-fold rise in volume from the prior open interest of 161. Expiring in 220 days, the options would move in-the-money if shares rose about 70 percent higher from their current price near $11.70. The trader paid $0.34 to make the trade. Shares have traded ...
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Cameco (CCJ) have risen in recent sessions. At least one trader expects that uptrend to continue. That’s based on the July 2021 $20 call options. Those options saw over 3,230 contracts trade recently, a 20-fold rise in volume from the prior open interest of 161. Expiring in 220 days, the options would move in-the-money if shares rose about 70 percent higher from their current price near $11.70. The trader paid $0.34 to make the trade. Shares have traded ...
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Gold’s Pullback May Give Way to a New Rally in 2021
Gold prices jumped in 2020. For most of the year, the metal has outperformed the stock market. Since the start of October, gold prices have been trending down from their highs, but are starting to see some resistance to that drop.
It’s likely that gold prices will continue their long-term uptrend into 2021, and with talk of more stimulus fueling fears of inflation and out-of-control government spending, traders may want to start placing their bets now for the next upswing in ...
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Unusual Options Activity: Micron Technology (MU)
Shares of semiconductor giant
Micron Technology (MU) have been soaring higher in recent weeks. Traders expect the trend to continue. The April 2021 $77.50 call option just saw over 8,450 contracts trade, against a prior open interest of 196. That’s a 43-fold rise in volume. The trader is betting that shares will rally another $4 from their current price near $73.50 in the next 130 days. The trader paid about $6.75 for the options. Over the past few years, shares of Micron have ...
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Micron Technology (MU) have been soaring higher in recent weeks. Traders expect the trend to continue. The April 2021 $77.50 call option just saw over 8,450 contracts trade, against a prior open interest of 196. That’s a 43-fold rise in volume. The trader is betting that shares will rally another $4 from their current price near $73.50 in the next 130 days. The trader paid about $6.75 for the options. Over the past few years, shares of Micron have ...
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Insider Trading Report: Hormel Foods Corp (HRL)
Steven Lykken, a Senior Vice President at
Hormel Foods Corp (HRL), recently bought 6,873 shares. The buy increased his stake by over 25 percent, and came to a total cost of $322,000. This is the second buy from insiders in as many months, following a small sale by a Group Vice President in November. Generally, insiders have been nearly exclusively sellers of shares over the past three years. Insiders currently own over 47 percent of shares, however, so the relatively large and ...
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Hormel Foods Corp (HRL), recently bought 6,873 shares. The buy increased his stake by over 25 percent, and came to a total cost of $322,000. This is the second buy from insiders in as many months, following a small sale by a Group Vice President in November. Generally, insiders have been nearly exclusively sellers of shares over the past three years. Insiders currently own over 47 percent of shares, however, so the relatively large and ...
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Short-Term Thinking Creates a Buying Opportunity in this Retail Giant
Many retail firms will report numbers monthly, not just quarterly. That allows traders to see what’s happening much faster than a quarterly earnings report. Even better, for a company showing tremendous growth, it can give investors a reason to stay invested ahead of earnings.
But sometimes Wall Street gets overly excited—or depressed—about a company. When that happens, it can create a short-term disconnect on a company and create a trading opportunity.
That’s the case with
Costco (COST). For November, it reported that same-store ...
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Costco (COST). For November, it reported that same-store ...
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Unusual Options Activity: Under Armour (UAA)
Shares of athletic apparel firm
Under Armour (UAA) have been part of the market’s uptrend in the past few weeks. One trader sees shares continuing even higher. That’s based on the January 8th 2021 $17 call option. Over 14,110 contracts have traded, a 140-fold rise in volume from the prior open interest of 101. Expiring in just 35 days, the buyer paid $0.95 for the contracts, which will move in-the-money if shares move just 30 cents higher. Adding in what the buyer paid, ...
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Under Armour (UAA) have been part of the market’s uptrend in the past few weeks. One trader sees shares continuing even higher. That’s based on the January 8th 2021 $17 call option. Over 14,110 contracts have traded, a 140-fold rise in volume from the prior open interest of 101. Expiring in just 35 days, the buyer paid $0.95 for the contracts, which will move in-the-money if shares move just 30 cents higher. Adding in what the buyer paid, ...
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Insider Trading Report: Beazer Homes (BZH)
Christian Winkle, a director at
Beazer Homes (BZH), recently bought 3,775 more shares. That increased his stake by over 13 percent, and came to a price just over $55,000. This follows two buys that he made in the prior two months. While this director has been buying, C-suite executives have been sellers of shares this year. And one director sold a massive stake back in March, when the share price was less than half of what shares go for today. While company ...
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Beazer Homes (BZH), recently bought 3,775 more shares. That increased his stake by over 13 percent, and came to a price just over $55,000. This follows two buys that he made in the prior two months. While this director has been buying, C-suite executives have been sellers of shares this year. And one director sold a massive stake back in March, when the share price was less than half of what shares go for today. While company ...
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Unusual Options Activity: Uber (UBER)
Ride sharing giant
Uber (UBER) had a great month in November. Legislation in California to classify contractors as employees failed, and shares rallied. One trader sees shares moving even higher. That’s based on the December 24th $60 calls. Over 2,770 contracts traded against a prior open interest of 153, for an 18-fold rise in volume. The trader paid about $0.32 for the option, which expires in 21 days. With shares near an all-time high at $51, it will take another 17.6 percent ...
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Uber (UBER) had a great month in November. Legislation in California to classify contractors as employees failed, and shares rallied. One trader sees shares moving even higher. That’s based on the December 24th $60 calls. Over 2,770 contracts traded against a prior open interest of 153, for an 18-fold rise in volume. The trader paid about $0.32 for the option, which expires in 21 days. With shares near an all-time high at $51, it will take another 17.6 percent ...
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