Unusual Options Activity: Cameco (CCJ)
Uranium producer
Cameco (CCJ) just broke through to a new 52-week high. One trader is betting the rally will continue in the coming months. That’s based on the September $37 calls. With 91 days until expiration, 20,433 contracts traded compared to a prior open interest of 151, for a 135-fold jump higher in trading volume. The buyer of the calls paid $0.85 to make the bullish bet. Shares recently traded for about $31.50, so the stock would need to rise $5.50, or ...
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Cameco (CCJ) just broke through to a new 52-week high. One trader is betting the rally will continue in the coming months. That’s based on the September $37 calls. With 91 days until expiration, 20,433 contracts traded compared to a prior open interest of 151, for a 135-fold jump higher in trading volume. The buyer of the calls paid $0.85 to make the bullish bet. Shares recently traded for about $31.50, so the stock would need to rise $5.50, or ...
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The AI Trade Has Room to Run In the Right Places
Every day brings several reports about companies embracing artificial intelligence (AI) technologies. Some may see a genuine long-term opportunity. Others may see an opportunity to turn their share price around as the market loves this current tech trend. While big-name tech stocks have largely moved higher, there’s now some potential pockets of overvaluation with the biggest moves so far. That’s creating an opportunity for smaller plays, particularly for companies already rolling out AI tools. One such player is
Salesforce (CRM). The company just ...
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Salesforce (CRM). The company just ...
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Insider Trading Report: Advance Auto Parts (AAP)
Four directors at
Advance Auto Parts (AAP) recently bought shares. Director Eugene Lee led the group with a 7,635 share buy. That increased his holdings by 41 percent, and came to a total stake of $500,160. The smallest buy was for 500 shares valued at just under $33,000. This marks the first insider activity since 2021. That's when a company EVP sold 3,500 shares when the stock traded more than three times higher than where it stands today. Overall, insiders at the auto ...
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Advance Auto Parts (AAP) recently bought shares. Director Eugene Lee led the group with a 7,635 share buy. That increased his holdings by 41 percent, and came to a total stake of $500,160. The smallest buy was for 500 shares valued at just under $33,000. This marks the first insider activity since 2021. That's when a company EVP sold 3,500 shares when the stock traded more than three times higher than where it stands today. Overall, insiders at the auto ...
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Unusual Options Activity: Keycorp (KEY)
Regional bank
Keycorp (KEY) is down nearly 40 percent over the past year, as banking stocks have been out of favor with the market. One trader sees the potential for another big drop by the end of the year. That’s based on the December $6 puts. With 184 days until expiration, 5,128 contracts traded compared to a prior open interest of 195, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.40. Shares recently traded for about ...
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Keycorp (KEY) is down nearly 40 percent over the past year, as banking stocks have been out of favor with the market. One trader sees the potential for another big drop by the end of the year. That’s based on the December $6 puts. With 184 days until expiration, 5,128 contracts traded compared to a prior open interest of 195, for a 26-fold rise in volume on the trade. The buyer of the calls paid $0.40. Shares recently traded for about ...
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This Mega-Cap Tech Giant May Lead Markets Higher Next
The past few weeks has seen an explosion of interest in artificial intelligence (AI) and chipmaker stocks. That’s allowed a few big-cap tech names to lead the overall market higher. And since the stock market is weighted by market cap, it may have even kept stocks from dropping so far this year. With the move higher fizzling out, it’s possible that investors are looking to new leaders to keep the 2023 rally going. One company looks set to take the leadership ...
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Insider Trading Report: Banc of California (BANC)
Joseph Rice, a director at
Banc of California (BANC), recently bought 7,500 shares. The buy increased his holdings by 85 percent, and came to a total cost of $84,375. This is the first insider activity in a month, when another director bought 3,200 shares in early May for about $35,000. Company insiders have been buyers so far this year, including over $1 million from a third director across multiple transactions. Overall, insiders at the regional bank own 1.9 percent of shares. The bank ...
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Banc of California (BANC), recently bought 7,500 shares. The buy increased his holdings by 85 percent, and came to a total cost of $84,375. This is the first insider activity in a month, when another director bought 3,200 shares in early May for about $35,000. Company insiders have been buyers so far this year, including over $1 million from a third director across multiple transactions. Overall, insiders at the regional bank own 1.9 percent of shares. The bank ...
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Unusual Options Activity: Johnson Controls International (JCI)
Building product and systems manufacturer
Johnson Controls International (JCI) has moved 22 percent higher in the past year. One trader sees further upside ahead for shares in the next three months. That’s based on the October $67.50 calls. With 129 days until expiration, 11,121 contracts traded compared to a prior open interest of 114, for a 98-fold jump in volume in the past year. The buyer of the calls paid $2.00 to make the bullish bet. Shares recently traded for about $63.50, so ...
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Johnson Controls International (JCI) has moved 22 percent higher in the past year. One trader sees further upside ahead for shares in the next three months. That’s based on the October $67.50 calls. With 129 days until expiration, 11,121 contracts traded compared to a prior open interest of 114, for a 98-fold jump in volume in the past year. The buyer of the calls paid $2.00 to make the bullish bet. Shares recently traded for about $63.50, so ...
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Growth at a Reasonable Price Rarely Goes Out of Style
Most investment analysis tries to put a company into either a growth category, or a value category. Fortunately, some stocks offer both at the same time. With some sectors of the market rallying strongly and value out of reach, being able to buy value while also seeing a move higher is huge. And with a solid valuation, the share price can move higher from both higher earnings growth and a higher valuation multiple as the company grows. One company exhibiting this growth ...
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