Unusual Options Activity: Procter & Gamble (PG)

Shares of consumer goods company Procter & Gamble (PG) moved higher earlier this week on earnings, although the company did warn on the effect of a strong dollar. One trader sees that as bearish. That’s based on the January 2024 $80 puts. With 455 days until expiration, 5,002 contracts traded compared to a prior open interest of 214, for a 35-fold rise in volume on the trade. The buyer of the puts paid $1.78 to make the trade. Shares recently traded near ...
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The Big Money Is Placing Their Bets on Beaten-Down Winners Now

It’s no surprise that investors who follow company insiders can make above-average returns over time. Company insiders are knowledgeable about their company and its operations. But following big-name investors after they build a stake in a company can make a similar profit. That’s because those who make a big buy can often earn board seats, and work on strategies to improve the business, sell off a division, or otherwise do something to result in better performance for investors. Activist investors have been ...
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Insider Trading Report: AZZ Inc (AZZ)

Ken Lavelle, President at AZZ Inc (AZZ), recently added 2,000 shares. The buy increased his holdings by nearly 9 percent, and came to a total cost just over $69,000. The buy comes a few days after the company COO picked up 3,000 shares, for just over $100,000. And the company CFO has also been a recent buyer of stock, also with a 3,000 share buy. The company CEO also bought 5,000 shares back in August, at a higher price than where ...
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Unusual Options Activity: Suncor Energy (SU)

Shares of oil and gas explorer Suncor Energy (SU) are up about 35 percent in the past year. One trader sees a short-term drop ahead for the stock. That’s based on the November $25 puts. With 29 days until expiration, 4,271 contracts traded compared to a prior open interest of 114, for a 37-fold rise in volume on the trade. The buyer of the puts paid $0.32 to bet on a decline in shares. The stock recently traded for about $31, so ...
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Follow Growth for Great Returns – Even If It Means Patience Now

Companies can’t control what the stock market is doing. That’s why great companies will sell off in a bear market along with poor ones. It also means that companies facing strong growth may continue to do so, even if the market doesn’t recognize the value in the short haul. Patient investors can use bear markets to buy into growth opportunities. It’s also a great time to weed out companies that looked like growth opportunities but haven’t been. One such growth opportunity right ...
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Insider Trading Report: Veris Residential Inc (VRE)

Akiva Katz, a director at Veris Residential Inc (VRE), recently bought 376,101 shares. The buy increased the director’s stake by 7.6 percent, and came to a total cost of just over $4.36 million. The director previously bought 725,000 shares last week as well, at a total cost of over $8.2 million. And the company’s CEO bought 86,530 shares last week, paying out just under $1 million to do so. Insiders have only been buyers over the past three years. Overall, insiders ...
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Unusual Options Activity: Snap (SNAP)

Shares of social media company Snap (SNAP) are down 86 percent over the past year. One trader sees room fur a further decline in the months ahead. That’s based on the March 17, 2023 $6 puts. With 149 days until expiration, 5,656 contracts traded compared to a prior open interest of 293, for a 19-fold rise in volume on the trade. The buyer of the puts paid $0.49 to make the bearish bet. Shares recently traded for over $10.50, so the stock ...
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For Better Investment Results, Capitalize on Multiple Fears

Markets are always bothered by something. That can lead to short-term opportunities that disappear when the fear does. That can include anything from a war to the current fears over how long the Fed will raise interest rates. Looking at a long-term chart of the stock market, it’s clear that fears pass, even if they’re later replaced with new ones when stocks have moved higher.  Today, investors may see better returns from companies that are playing to multiple fears. For example, amid ...
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