Unusual Options Activity: NetEase (NTES)

China-based internet technology company NetEase (NTES) has corrected a bit in recent sessions along with the rest of the tech space. However, at least one trader sees a potential for a move higher. That’s based on the September $120 calls. Over 5,475 contracts traded, a 45-fold rise in volume from the prior open interest of 122 contracts. With 199 days to trade, the option will move in-the-money if shares rise just $10 from the current price near $110. The buyer paid about ...
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Tech Demand Continues to Drive this Commodity Higher

The digital age, driven by software and other technology, still requires some physical gadgetry to work. That physical tech requires certain components to work, which in turn are driven by certain commodities used in manufacturing. One space that has gotten a large amount of attention is lithium. It’s a key element for the technology in the latest generation of rechargeable batteries, particularly those for electric vehicles. So it’s no surprise that with a pullback in recent weeks, shares of Albemarle (ALB) are ...
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Insider Trading Report: LifeMD (LFMD)

Brad Roberts, Chief Operating Officer at LifeMD (LFMD), recently bought 5,000 shares. This is an initial stake for the C-suite officer, and came to a total cost of just over $102,000. Insiders have generally been buyers at the telemedicine company over the past three years, even as the share price has skyrocketed during the pandemic. The only sale in that time came from the company’s former COO, who sold nearly half their position in late 2020. Shares of the company have ...
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Retail Rebound Plays Look Attractive Relative to the Risk

Most companies looking to survive in the past year moved heavily towards ecommerce sales. However, a few companies have a business model known as the “found treasures.” They offer steep discounts compared to the non-sale price, but the catch is that buyers have to find them by scrounging through a physical store. One such play is Ross Stores (ROST). Shares are just now climbing back to pre-pandemic levels. And shares look like a bargain as shoppers look forward to perusing ...
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Insider Trading Report: Ford Motors (F)

John Thornton, a director at Ford Motor Company (F), recently picked up 8,620 shares. The buy increased his holdings by 3.5 percent, and came to a total cost of just over $100,000. This is the first insider buy since last April. In 2018 and 2019, insiders were generally more likely to be sellers of shares, but the past year has only seen insiders pick up shares of the car maker. Overall, insiders own just 0.2 percent of the company. Shares of Ford ...
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Unusual Options Activity: Adobe (ADBE)

Software giant Adobe (ADBE) has been trading in a range for the past few months. The recent market weakness has sent shares towards the lower end of its range, as well as its 200-day moving average. At least one trader is betting that shares will bounce higher. That’s based on the June $420 call options. Over 5,010 contracts traded, a 36-fold rise from the prior open interest of 138. The option expires in 109 days. The trader paid about $61 for the ...
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Unusual Options Activity: Geo Group (GEO)

For-profit prison company Geo Group (GEO) has seen shares trend down in recent weeks. The Biden administration is looking to get out of for-profit prison contracts, suggesting weakness ahead. But one trader sees a bounce first, if not a reversal higher. That’s based on the April $9 calls. With 49 days until expiration and shares just under $8, the stock price would need to move about 12 percent higher for the trade to move in-the-money. Over 12,950 contracts traded, a 43-fold rise ...
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This Energy Tech Play is Getting Crushed After Earnings, But Will Likely Bounce Back

Earnings season continues to offer traders a number of new buying opportunities in great names. That’s even the case when a company declines due to technical reasons rather than fundamental ones. Take the case of Plug Power (PLUG). The hydrogen energy company sold off following an earnings miss. The miss occurred as the company recognized charges from the vesting of warrants. The warrants vested faster than expected in part due to the rising stock price. Talk about being punished for being successful! ...
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