Insider Activity: Assured Guaranty Limited (AGO)

Chief Investment Officer buys $4.6 million in shares so far this month. Andrew Feldstein, Chief Investment Officer at Assured Guarantee Limited (AGO), has been buying shares this month in four separate transactions. Each has been for at least 23,000 shares, and in total he has bought 105,700 shares so far this month. The total cost for each transaction has exceeded $1 million, and he has spent over $4.6 million total so far. Other insiders have largely been sellers this year, but ...
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Insider Activity: Safehold (SAFE)

Major fund holder continues to add to stake. iStar Inc. continues to add to its stake in Safehold (SAFE). The fund recently picked up 22,361 shares, shelling out $771,000 and increasing its total stake to 27.2 million shares. That’s the fund’s fourth buy month-to-date, which includes a total of more than 52,000 shares then as well. All told, the fund has been a steep buyer at prices as much as 21 percent higher in the past few months. Safehold specializes in ground ...
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Unusual Options Activity: Altria Group (MO)

June 2020 put buying indicates potential drop expected. The June 2020 $32.50 put options on Altria Group (MO) saw over 4,000 contracts trade against a prior open interest of 400, making for a 10-fold surge in volume. With shares of the company at $43, shares will need to drop 25 percent in the next 247 days for this option to move in-the-money. With a cost of $1.04, or $104 per contract, the put buyer would need shares to drop to $31.50 before ...
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Unusual Options Activity: Apple (AAPL)

Call buying suggests rally continuing this month. The October 25th $270 call options on Apple (AAPL) saw over 7,200 contracts trade against a prior open interest of 137, a 53-fold surge in volume against the prior open interest. With shares at $236, it’s a bet on shares moving 14 percent higher to move in-the-money before the end of the month, which is unlikely, especially as the company won’t report earnings until October 30th. At a price of just $0.04, or $4 per contract, ...
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Insider Activity: Camping World Holdings (CWH)

Major holder adds with a $5.1 million buy. Abrams Capital, a major stakeholder in Camping World Holdings (CWH), increased their stake by 12 percent recently, with the additional buy of 650,182 shares. The total cost for that additional stake came to just over $5.1 million, and increases the fund’s total holdings to just over 6.1 million shares. Insider data shows that there have been no insider sales since early 2018, and insiders have been buyers at prices as high as 27 ...
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Unusual Options Activity: Wynn Resorts (WYNN)

Casino operator picks up a bull. The March 2020 $110 call options on Wynn Resorts (WYNN) saw over 2,050 contracts trade against a prior open interest of 231, about a 10-fold surge in volume. The bet, which expires in 158 days, is about $1.30 in the money, given the recent share price of $111.30. It should therefore move dollar-for-dollar with shares higher, and could double if shares get to $125.00. If shares get back to their old high of $150, the option ...
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Unusual Options Activity: Encana (ECA)

Call buying predicts big move higher in the next month. The November 15th $4.00 call options on Encana (ECA) saw over 21,800 contracts trade, an 85-fold surge in volume relative to the prior open interest of 258. With shares already at $4.30, the option is about 7 percent in-the-money, and should move penny-for-penny with shares in the next 35 days until expiration. The buyer paid $0.50, or $50 per contract, indicating that shares need to be at least $4.50 in the next ...
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Insider Activity: National Security Group (NSEC)

Director ups stake by 11 percent. Fred Clark, a director at National Security Group (NSEC), picked up 9,813 shares recently, increasing his stake by 11 percent and leaving him with 98,723 shares. The buy cost just over $118,000. Insiders have been buyers at the company in the past year, with the last insider sale occurring in 2018. Overall, insiders own 52 percent of outstanding shares, a huge sign that management is aligned with shareholders for growing long-term value. National Security Group is ...
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