Unusual Options Activity: AT&T (T)

Shares of telecom company AT&T (T) are down about 22 percent over the past year and have been sliding to new 52-week lows in recent sessions. One trader sees a rebound for shares in the coming weeks. That’s based on the November 18 $14 calls. With 36 days until expiration, 10,033 contracts traded compared to a prior open interest of 157, for a 64-fold rise in volume on the trade. The buyer of the calls paid $1.21 to make the bullish ...
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Pessimism In the Chip Space Is Getting Overblown – Buy This Top Name

Traders loved chip companies during the last bull market. In the current bear market? Not so much. Slowing PC sales, a declining economy, and supply chain issues have created a mess for the space. However, the space may have gone from being overly optimistic last year to overly pessimistic today. That suggests with all the downgrades and fear in the space that it may be time for contrarian investors to buy. A few analysts likewise see values now that shares are ...
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Insider Trading Report: Thor Industries (THO)

Peter Orthwein, a director at Thor Industries (THO), recently added 20,000 shares. The buy increased his holdings by 2 percent, and came to a total cost of $1,450,000. This marks the first insider activity since July, when the company COO bought 1,225 shares, paying about $100,000. And insiders have only been buyers this year. Going back further, the results are more mixed, with some large insider sales at a much higher price in 2021. Overall, company insiders own 4.5 percent of ...
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Unusual Options Activity: Apple (AAPL)

Shares of consumer tech giant Apple (AAPL) are now about flat over the past year. One trader sees a bump higher in the coming weeks. That’s based on the October 28 $139 calls. With 16 days until expiration, 9,076 contracts traded compared to a prior open interest of 268, for a 34-fold rise in volume on the trade. The buyer of the calls paid $6.65 to make the bet. Shares of Apple are going for about $140, so the option is an ...
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Look For Mispriced Opportunities in Bear Markets

A bear market wreaks havoc on corporate valuations. Increased uncertainty can cut back on potential deals, and cause companies with a variety of disparate divisions to become priced out of expectation with its potential value. Investors who look for these opportunities and exercise patience can get in on a great company at a good price. It’s a potentially classic case of being able to buy dollar bills for just fifty cents. One potential opportunity is in IAC Parts (IAC). The internet and ...
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Insider Trading Report: TD Synnex Corp (SNX)

Matthew Miau, a director at TD Synnex Corp (SNX), recently added 4,997,878 shares. The buy increased his stake by 105 percent, and came to a total cost of just under $439 million. This marks the first insider buy at the company since the spring of 2020. Otherwise, company executives and directors have been sellers of shares over the past two and a half years. Insider selling has occurred on a regular and steady basis, as is common with tech companies. Overall, Read More
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Unusual Options Activity: Western Digital Corporation (WDC)

Shares of hard drive manufacturer Western Digital Corporation (WDC) are down 35 percent in the past year as PC sales have started to slow. One trader sees a potential recovery ahead. That’s based on the June 2023 $45 calls. With 248 days until expiration, 7,002 contracts traded compared to a prior open interest of 105, for a 67-fold rise in volume on the trade. The buyer of the calls paid $3.38 to make the bet. The stock last traded just under ...
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Keep Investing in Trends Holding Up Now

Many sectors and stocks that soared in the recent bull market have been leading them lower as sentiment has shifted. However, some areas are holding up better than others, and are even thriving as they’re well-suited to an inflationary environment. While the energy sector has been one clear winner this year, companies involved in food production have fared well too, thanks to rising agricultural prices overall and concerns over supply chains. And these companies are beating on earnings at a time when ...
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