Trading Tips Blog

Shares of media firm Discovery (DISCK) have been trending down over the last month. However, one trader sees the potential for a big return over the next year. That’s based on the January 2023 $40 calls. With 494 days until expiration, over 5,000 contracts traded, a 12-fold rise in volume from the prior open interest of 407 contracts. The buyer of the calls paid about $2.08 to make the trade. Shares of the company last traded just over $25 per share, so ...
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Many traders are expecting a market pullback. The question is how much stocks could drop in the next few months. It’s likely based on a number of factors to be a limited pullback at best. One top reason is simply the number of deals being made right now. If deal flow were slowing and mergers were going away, that would be a sign of poor market liquidity, a much bigger harbinger of a big market selloff. Yet mergers remain alive and well, ...
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Ron Coughlin, Chairman & CEO of Petco Health and Wellness (WOOF), recently picked up 46,600 shares. The buy increased his stake by just over 22 percent, and came to a total price of just over $1 million. This is the first insider buy since shares went public near the start of the year. At the start of trading, a number of company insiders made some smaller buys. Large owners have been sellers of shares, mostly back in June. Overall, company insiders ...
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Shares of semiconductor firm Advanced Micro Devices (AMD) have traded flat over the past month following a longer-term rally. One trader sees that rally resuming in the coming weeks. That’s based on the October 8 $115 calls. With 28 days until expiration, just under 6,300 contracts traded against a prior open interest of 162, for a 39-fold rise in volume. The buyer of the calls paid $1.81 to make the trade. With shares around $106, they’d need to rise $9, or about ...
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Typically, a growing company will hit certain milestones in its career. The most important for getting onto the radar for investors is being included in a major index. Over time, companies that hit earnings and revenue goals may find they join more and more prominent indices. The S&P 500 has recently started rebalancing, taking a few companies out, but adding some new players as well, who are seeing their shares soar now. Case in point? Match Group (MTCH). The owner of Tinder, ...
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Martin Birmingham, President and CEO at Financial Institutions Inc (FISI) recently picked up 1,000 additional shares. The buy increased his holdings by just under 1 percent, and came to a total purchase price of just under $31,000. That follows on a buy for 637 shares made two days before by the company CFO. That came to a total purchase price of just under $20,000. Company insiders have been steady buyers in small amounts over the past three years, with no insider ...
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Shares of natural gas gathering, transmission, and storage firm Equitrans Midstream Corporation (ETRN) have traded flat over the past year. One trader sees a rally in the months ahead. That’s based on the January $12.50 calls. With 134 days until expiration, over 15,420 contracts traded, a 39-fold rise in volume from the prior open interest of 391 contracts. The buyer of the calls paid $0.18 to make the trade. Shares are currently in the low $9 range, meaning shares would need ...
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The past few years has seen a major jump in streaming services from various media companies. The competition has heated up, but the big players are up for the challenge. That’s seen with the original streaming giant Netflix (NFLX), which not only started streaming old shows, but started creating award-winning content to keep subscribers content with their monthly payments as well. To stay on top, the king of content has now bought the king of comedy. Shares got a boost late last ...
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