Unusual Options Activity: Cipher Mining (CIFR)

Bitcoin mining data center operator Cipher Mining (CIFR) has been on a tear this year, with shares up nearly 700 percent. One trader sees a pullback playing out in the months ahead. That’s based on the June 2024 $2.50 puts. With 176 days until expiration, 3,418 contracts traded compared to a prior open interest of 104, for a 33-fold rise in volume on the trade. The buyer of the puts paid $0.55 to make the bearish bet. Cipher shares recently traded just ...
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A Rotating Market Means Buying Underperforming Stocks Now

Stocks have had a strong year in 2023. But the past few weeks has seen stocks start to rotate. The big-cap tech stocks that dominated returns for most of the year are slowing down. Other sectors are starting to lead. That suggests that investors may fare well investing with companies that have been underperforming lately. They could see above-average returns, and help keep markets trending higher. One underperforming stock this year has been Berkshire Hathaway (BRK-B). The conglomerate is up 16 percent compared ...
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Insider Activity Report: Baker Hughes (BKR)

William Beattie, a director at Baker Hughes (BKR), recently bought 4,000 shares. The buy increased the director’s stake by 30 percent, and came to a total cost of $89,368. This is the first insider buy since July 2022, when another company director bought 10,000 shares at a similar price. Otherwise, company executives have been regular sellers of shares, mostly following the exercise of stock options. Overall, Baker Hughes insiders own 0.1 percent of shares. The oil and gas equipment services company is ...
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Unusual Options Activity: Aspen Aerogels (ASPN)

Specialty insulation producer Aspen Aerogels (ASPN) is up 27 percent over the past year, slightly beating out the overall stock market. One trader expects further outperformance in the coming half year. That’s based on the July 19th $22.50 calls. With 204 days until expiration, 7,013 contracts traded compared to a prior open interest of 180, for a 39-fold rise in volume on the trade. The buyer of the calls paid $1.50 to make the bullish bet. Aspen shares recently traded for about ...
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Markets Weren’t Expecting This Trend – But It Can Lead to Solid Profits Now

As the stock market got mauled by the bear in 2022, one sector held its own: Energy. The trend has reversed in 2023, as the sector has been whipsawed by fluctuating oil prices. But there’s another twist to this trend. And understanding it will help investors navigate moves into 2024. While energy prices have been declining even as OPEC nations have cut their production, this new trend hints at the profits available now. That trend is the rise of U.S. oil ...
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Insider Activity Report: Nucor (NUE)

Nicholas Gangestad, a director at Nucor (NUE), recently bought 1,000 shares. The buy is an initial position for the director, and came to a total cost of $176,609. This is the first insider buy since a major holder added $6.6 million worth of shares back in August. Otherwise, company executives have been moderate sellers of shares this year, including the company’s CEO and COO. Overall, Nucor insiders own 0.7 percent of shares. The steel producer is up 28 percent in the past ...
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Unusual Options Activity: Campbell Soup Company (CPB)

Processed food producer Campbell Soup Company (CPB) has had a rough year, with shares down 25 percent. One trader sees further weakness into the first month of 2024. That’s based on the January 19, 2024 $41 puts. With 24 days until expiration, 3,498 contracts traded compared to a prior open interest of 104, for a 34-fold rise in volume on the trade. The buyer of the puts paid $0.40 to make the bearish bet. Shares recently traded near $43, so they would ...
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Smaller Companies Still Have Room to Run in the Great AI Buildout

2023 has been a great year for big-cap tech companies, particularly those investing heavily in artificial intelligence (AI). That’s especially true for hardware companies that can provide the tools necessary to run today’s latest AI programs. Most of these massive companies are priced for perfection, however. Smaller companies, which haven’t had the investor interest yet, could be better players in the AI space, as they catch up to the big names that moved first on the AI news. For instance, memory chip ...
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