Unusual Options Activity: Apple (AAPL)

Shares of consumer tech giant Apple (AAPL) have been trading in a range for the past few months, but is starting to move towards the higher end of its range. One trader sees the possibility for a breakout to new all-time highs for the company. That’s based on the July 30th $155 calls. With 36 days until expiration, over 14,520 contracts traded against a prior open interest of 260, for a 56-fold rise in volume. The buyer of the calls paid $0.26 ...
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Insider Trading Report: Vista Gold Corp (VGZ)

Douglas Tobler, CFO of Vista Gold Corp (VGZ), recently picked up 2,500 additional shares. The buy increased his stake by 3.2 percent, and came to a total purchase price just over $3,100. This is the CFO’s third buy of the year. Other company insiders have made no changes to their holdings in either way since mid-2019. Before then, company insiders were likely to be heavy sellers of shares. Overall, company insiders own 3.6 percent of company shares. The junior gold mining ...
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Unusual Options Activity: Devon Energy Corporation (DVN)

Shares of energy giant Devon Energy Corporation (DVN) have seen shares rise steadily higher over the past year. One trader sees the potential for a further move higher. That’s based on a number of trades. The most interesting is the January $35 calls. With 212 days until expiration, over 22,580 contracts traded against a prior open interest of 271, for an 83-fold rise in volume. The buyer paid about $1.92 for the contracts. With shares trading around $28.50, the shares would need ...
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This Tech Infrastructure Play Offers Growth and Value

With traders uncertain as to the market’s next move, a great way to find opportunities is to look for the best values in each sector. For big tech, only a few companies look attractive now. That’s because the market rally of the past year has led to a high valuation in terms of earnings, sales, and other traditional measures. However, some values remain, particularly in a company that largely sat out the rally and can move higher. The big tech play? Cisco ...
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This “Stealth Rally” Has a Few More Weeks to Peak

The past week has seen a big shift in investor sentiment following the latest Fed meeting and inflation fears. While some sectors like tech have performed relatively better, one market has been in a strong uptrend for the past few months. And, from a seasonal perspective, it’s also an area that will likely have its strongest demand over the next few weeks, until downshifting in the fall. That sector is the energy space, particularly oil. Prices of crude are at two-year highs, ...
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Insider Trading Report: Transocean (RIG)

Frederik Mohn, a director and major holder at Transocean (RIG), recently picked up 5,000,000 shares. The buy came to a total purchase price of $20.9 million, and represents a 7.4 percent increase. This is the first insider activity at the company in 2021. Insiders were more active in February and March of 2020, including a number of company directors. Going back further, company insiders were sellers as much as buyers, including trades from company officers. Overall, company insiders own nearly 6 ...
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Unusual Options Activity: Caesar’s Entertainment (CZR)

Shares of casino operator Caesar’s Entertainment (CZR) have been in an uptrend for the past few months, but have recently pulled back to the lower end of their trendline. One trader sees a continued move higher in the coming months. That’s based on the January 2022 $130 calls. Over 4,400 of the contracts traded against a prior open interest of 132, for a 33-fold rise in trading volume. With shares of the company around $100, it would take about a 30 percent ...
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Unusual Options Activity: Macy’s (M)

Shares of department store chain Macy’s (M) have been in a steady uptrend for the past several months. One trader sees a continuation of that trend in the months to come. That’s based on the November $21 calls. With 151 days left on the trade, over 25,500 contracts traded, a 33-fold rise from the prior open interest of 767 contracts. The buyer of the calls paid $1.80 on average for the contract. With shares last around $18, they would need to rise ...
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