Unusual Options Activity: Carvana (CVNA)
Online car dealership Carvana (CVNA) is up 183% over the past year, soaring well beyond the overall stock market’s return. One trader sees a pullback in the second half of the year.
That’s based on the January 2025 $115 puts. With 178 days until expiration, 19,001 contracts traded compared to a prior open interest of 288, for a 66-fold rise in volume on the trade. The buyer of the puts paid $18.70 to make the bearish bet.
Carvana shares recently traded for ...
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For Reasonable Values Now, Look Overseas
With the stock market starting to show some love for smaller companies, it could also be a time to look towards investing overseas. That’s because the market’s returns have been dominated by big-cap tech stocks domiciled in the United States.
Investing internationally offers investors global diversification. And with inflation on the decline globally, and with global central banks nearing a point of interest rate cuts, international stocks stand to benefit in the years ahead.
While investing internationally can be challenging, investing in ...
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Insider Activity Report: Barnes & Noble Education (BNED)
Eric Singer, a director and major holder at Barnes & Noble Education (BNED), recently bought 18,000 shares. The buy increased his position by less than 1%, and came to total cost of $146,630.
The buy follows on another purchase by the director earlier in the month for 87,000 shares, valued at $606,576. Another company director also bought 130,000 shares, for just over $921,800. There have been no insider sales over the past year.
Overall, Barnes & Noble Education insiders own 59.6% ...
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Unusual Options Activity: Patterson-UTI Energy (PTEN)
Oil and gas drilling services provider Patterson-UTI Energy (PTEN) is down 25% over the past year. One trader sees shares declining over the coming weeks.
That’s based on the August 16 $10 puts. With 25 days until expiration, 48,155 contracts traded compared to a prior open interest of 711, for a 68-fold rise in volume on the trade. The buyer of the puts paid $0.20 to make the bearish bet.
Patterson-UTI Energy shares recently traded for about $10.75, so they would need ...
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Follow the Market’s Rotation to Value with Stocks Ready to Break Higher
After dominating market returns for the past 18 months, tech stocks are starting to take a breather. But the overall market continues to trend higher, thanks to a rotation underway. Investors are finally taking some profits in tech and moving that cash into lesser-loved stocks.
Those stocks tend to be a bit slower moving, but after tech’s latest outperformance, they may take the lead in the second half of the year. That could mean good returns in more value-oriented stocks.
One such ...
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Insider Activity Report: Fidelity National Information Services (FIS)
Jeffrey Goldstein, a director at Fidelity National Information Services (FIS), recently bought 719 shares. The buy increased his stake by 8%, and came to a total cost of $55,526.
Goldstein has been buying a similarly-sized position each quarter. Other company directors have made similar buys over the past two years as well. The last insider sale came from the company CFO in June 2020. Insiders have generally been far bigger buyers than sellers over the last two years.
Overall, FIS insiders ...
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Unusual Options Activity: Aurora Innovation (AUR)
Autonomous driving technology company
Aurora Innovation (AUR) is up 71% over the past year. One trader sees shares pulling back in the coming weeks. That’s based on the August 16 $4 puts. With 28 days until expiration, 20,620 contracts traded compared to a prior open interest of 370, for a 56-fold rise in volume on the trade. The buyer of the puts paid $0.36 to make the bearish bet. Aurora shares recently traded for about $4.30, meaning that shares would need to drop ...
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Aurora Innovation (AUR) is up 71% over the past year. One trader sees shares pulling back in the coming weeks. That’s based on the August 16 $4 puts. With 28 days until expiration, 20,620 contracts traded compared to a prior open interest of 370, for a 56-fold rise in volume on the trade. The buyer of the puts paid $0.36 to make the bearish bet. Aurora shares recently traded for about $4.30, meaning that shares would need to drop ...
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This Play in a Long-Term Market Beating Sector Could Be a Winner Now
Investors must often contend with different market cycles. Even in a bull market, some sectors will lead at times. Tech has been leading for some time. Now, its returns have started to slow. But other sectors are starting to join the market rally.
That’s good news, as it opens up new investment and trading opportunities alike. Many sectors are great at outperforming the market over time, even if their monthly returns aren’t anything special.
For instance, health insurance companies tend to beat ...
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