Trading Tips Blog

Shares of electric battery technology company QuantumScape (QS) are well off their highs from the past year, but have been trending higher in recent weeks. One trader sees the trend continuing. That’s based on the November $31 call. With 28 days until expiration, over 10,015 contracts traded, an 81-fold jump in volume from the prior open interest of 124. The buyer of the calls paid $0.65 to make the trade. With shares around $25, they’d need to rise another $6, or nearly ...
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Some companies are still seeing sales and revenues below their 2019 pre-Covid peak. For these firms, changes in how we live and travel continue to impact their returns. And when it comes to how their stocks perform, it comes down to now how much a company loses, but whether or not it’s more or less than expected. That’s the case with United Airlines (UAL). The major carrier reported a smaller-than-expected loss in its most recent quarter. The carrier also reported that its ...
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Martin Wygod, a director at Forian Inc (FORA), recently added 9,002 shares to his stake. The buy increased his holdings by 3.6 percent, and came to a total purchase price of just over $90,000. This is the third buy from the director in the past month, including a 3,700 share buy in early October, and an 11,844 share buy in September. Other directors have also been buyers throughout the year. Overall, company insiders own nearly 43 percent of shares. Shares of the ...
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Shares of semiconductor firm Marvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. With shares last trading near $68, the stock would need to rise just over 10 percent ...
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After a failure to deliver on time, the SEC finally released a report on January’s “meme stock” activity in the market, primarily centered around the explosive move higher in GameStop (GME). The report came out with a statement that the regulator will try and use the event as a way to ensure markets remain fair for the little guy. But what’s more important is what didn’t make the headline of the report. The report noted that the explosive move higher in ...
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Robert Henkel, a director at Owens & Minor (OMI), recently picked up 1,000 additional shares. The buy increased his stake by over 4 percent, and came to a total purchase price of just over $33,000. The director has previously been a buyer in September, and in May, also in increments of 1,000 shares. Over the past three years, sellers have exceeded buyers, particularly in the past year as shares rallied before coming down in recent weeks. Insiders own 3 percent of ...
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Shares of electric vehicle manufacturer Faraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months. That’s based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade. Shares currently trade just over $9, so would need to rally at least 10 percent in ...
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A number of retailers have already started dropping Black Friday deals. Typically starting the day after Thanksgiving, the story on Wall Street is that it really marks the day that retail companies move to profitability, or in the black, for the year. With some pent-up consumer demand and rising wages this past year, sales could blowout 2020’s pandemic-reduced numbers. While retail has already performed well as a sector this year, traders will likely fare best if they consider a best-of-breed ...
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