Unusual Options Activity: Nvidia (NVDA)

Shares of graphics processing company Nvidia (NVDA) have been knocked down heavily from their highs, and are now down year-over-year. One trader sees a further decline in the coming weeks. That’s based on the July 22 $155 puts. With 32 days until expiration, 16,161 contracts traded compared to an open interest of 213, for a 76-fold rise in volume on the trade. The buyer of the puts paid $11.60 to get into the trade. Shares last traded for about $156, so ...
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This Tech Trend Won’t Be on Hold Forever

A number of technologies are being developed, even with the economy teetering on the edge of a recession. Some that are under way already will likely develop a lead over competitors, who may have a tough time getting under way thanks to rising interest rates and a pullback in tech trends. One of the biggest tech trends last year was the metaverse. A number of companies talked about developing the concept. With the slowdown underway, companies that are already capable of generating ...
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Insider Trading Report: Fiserv (FSV)

ValueAct Capital Master Fund, a major holder of Fiserv (FSV), recently added 1,000,000 shares. The buy increased the fund’s holdings by 7.3 percent, and came to a total cost of just under $92 million. Over the past three years, insiders have generally been sellers of shares. That includes both directors and c-suite executives. Funds have tended to be large buyers of shares at the company. Overall, insiders own just over 12.1 percent of the company. Shares of the financial tech services company ...
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Unusual Options Activity: Riot Blockchain (RIOT)

Shares of Bitcoin mining company Riot Blockchain (RIOT) has slid 90 percent from its highs. One trader sees the possibility for a further decline in the months ahead. That’s based on the December $3.00 puts. With 182 days until expiration, 10,208 contracts traded compared to a prior open interest of 308, for a 33-fold increase in volume on the trade. The buyer of the puts paid $0.35 to get into the trade. The stock recently traded for just under $5, so it ...
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The Market Loves This Investment Strategy Right Now

The stock market is usually driven by growth names. While some of those stories fail to pan out, when the going gets tough, the market tends to pivot towards certainty. And nothing is as certain as regular cash dividends. Over time, dividend payers outperform non-dividend payers. And dividend stocks that grow their payouts do even better than those with a consistent payout. So it’s no surprise that companies that can grow their dividends now are getting some big market attention. One such ...
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Insider Trading Report: Alliant Energy Corp (LNT)

Nanco Falotico, a director at Alliant Energy Corp (LNT), recently added 1,200 shares. The buy increased her stake by 12,000 percent, and came to a total price just over $73,000. This marks the first insider activity since late 2019. Back then, there were a number of insider buys and sells. And going further back, both company directors and executives have been modest buyers and sellers of company shares. Overall, insiders own 0.15 percent of the company. The utility company shed 2 percent ...
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Unusual Options Activity: Starbucks (SBUX)

Shares of coffee shop chain Starbucks (SBUX) are trading near a 52-week low. One trader sees the possibility for a further significant drop ahead in the coming months. That’s based on the December $50 puts. With 183 days until expiration, 3,948 contracts traded compared to a prior open interest of 103, for a 38-fold rise in volume on the contract. The buyer of the puts paid $1.54 to make a further downside bet on shares. Shares last traded around $72, so they ...
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Stick With Infrastructure Plays When Looking for a Tech Rebound

While the economy is slowing, many trends in place will continue, even at a slower pace. Companies that can cater to the needs of growing industries can still grow and eventually even buck a market downtrend. Companies that help grow out some of today’s top tech trends, like electric vehicles or the 5G network, will be most successful if they’re already the industry leaders today. As long as that advantage can be maintained, they’ll likely continue to keep their market share. One ...
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