Unusual Options Activity: New York Community Bancorp (NYCB)

October put buying suggests shares will remain weak. The October 18th $12 put options on New York Community Bancorp (NYCB) saw an unusual amount of trading volume with over 8,700 contracts trade against a prior open interest of 268, a 32-fold rise in volume. With shares around $13.30, the $12 put option will close in-the-money if shares fall more than 10 percent in the next few weeks, making a sizeable percentage decline. New York Community Bancorp is a regional bank headquartered in New ...
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Insider Activity: Cars.com Inc (CARS)

CEO makes six-figure buy. Thomas Vetter, president and CEO at Cars.com (CARS), picked up 11,000 shares recently, increasing his total share stake to just under 270,000 shares, making for a 4.5 percent increase in his total holdings at the company. At a price of around $9.60 per share, the buy came out to just over $105,000, a sizeable amount considering the company’s $650 million market cap. Cars.com operates a digital marketplace bringing together buyers and sellers of cars. The company has over 5 ...
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Unusual Options Activity: Vale (VALE)

Bet on rally in Brazilian ore play in next month. The October 4th $12.50 call options in Vale (VALE) saw heavy trading recently. With shares around $11.80, the option is a bet on shares moving another 6 percent higher in the next 22 trading days before expiration. Over 3,750 contracts on this option traded against a prior open position of 100, making for a 37-fold surge in volume on the trade. With a cost of just $0.16, or $16 per contract, it’s an ...
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Insider Activity: At Home Group (HOME)

Multiple insiders buy this week. In the past week, multiple insiders have been buyers at At Home Group (HOME). That includes a 4,000 share buy by the company’s Chief Development Officer, a 64,000 share buy from the CEO and President, a 6,400 share buy from the COO, a 21,000 share buy from a director, and a 10,000 share buy from the company CFO. These buys have all occurred in the past few days, and represent over $750,000 of purchases from insiders on ...
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Unusual Options Activity: TAL Education Group (TAL)

Straddle trade bets on shares moving sideways in next month. October 18th $35 call options on TAL Education Group (TAL) saw 6,100 contracts trade, on the same day 6,200 $35 put options traded on the same company for the same strike date. The overall type of trade looks like a straddle—where the trader is betting on shares to trade around that price. With a cost of around $2.18 for the put and $1.20 for the call, creating the overall position may ...
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Insider Activity: Cigna Group (CI)

President & CEO makes a 32,000 share buy. Cigna Group (CI) President & CEO David Cordani picked up 32,509 shares recently. The buy increased his stake in shares to over 357,500 shares, and the recent purchase cost just over $5 million. Insiders at the company have largely been sellers year-to-date, albeit in smaller amounts of a few hundred to a few thousand shares at most. And Cordani recently sold 27,000 shares in March at a price just 6 percent higher. Cigna Corporation ...
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Unusual Options Activity: Hanesbrands (HBI)

Bet on double-digit drop in shares by February. The January 2020 $16 put options on Hanesbrands (HBI) saw nearly 7,000 contracts trade, a 28-fold surge in volume over the prior open interest of 243. With shares trading around $15, the option is particularly unusual in that it is an in-the-money bet on shares remaining under $16 between now and January 17th, 129 days away. With a cost of $2.10 per contract, nearly $1.00 of that is in-the-money. In order for the option to ...
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Insider Activity: Granite Construction (GVA)

Senior VP buys nearly $100k in shares. Kyle Larkin, a Senior Vice President at Granite Construction (GVA), picked up 3,500 shares of the company, increasing his stake by nearly 73 percent. The cost came to just under $100,000. Insiders have been net buyers, and data shows that in the past year, corporate insiders have gone from owning 1.8 percent of the company to 2 percent, a small but important increase. Granite Construction is in the business of infrastructure contracting and construction materials ...
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