Trading Tips Blog

Shares of cloud-based data platform Snowflake (SNOW) have been trending higher for months, although got caught in a downtrend toward the end of the year. One trader sees that trend reversing in the coming months. That’s based on the March $350 calls. With 71 days until expiration, 6,091 contracts traded against a prior open position of 152, for a 40-fold rise in volume. The buyer of the calls paid $24.50 to make the trade. The stock last traded for about $332, so ...
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Nothing in the investment universe moves in a straight line. The market is prone to all sorts of rallies and pullbacks, with a number of sectors and individual stocks sometimes falling when the market is rising. 2021 was an unusual year where most stocks rallied, but a number of stocks traded well off their highs. Some fared even worse, but the new year is a time to reevaluate last year’s laggards as a potential rebound play. For instance, one the worst performing ...
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Bruce Czachor, EVP and CLO of Piedmont Lithium (PLL), recently picked up 1,933 shares. The buy increased his holdings by 22.5 percent, and came to a total cost of just under $100,000. The buy came amid another director buy in December 2021 for 2,500 shares, but amid two insider sales, including the company President and another EVP. Overall, company insider sales have outpaced insider buys in the past year, except for a major owner making some big buys. Overall, company insiders own ...
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Shares of communications technology company Hewlett Packard Enterprise Company (HPE) have been trending higher over the past year. One trader is betting that trend will continue over the next two years. That’s based on the January 2024 $10 calls. With 745 days until expiration, 1,585 contracts traded against an open interest of 102, for a 16-fold rise in volume. The buyer of the calls paid $6.30 to make the trade. Shares last traded near $16, making the calls already $6.00 in-the-money ...
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The latest Covid variant has led to a number of hefty lockdowns in China. In turn, that’s delaying supply chain issues that have already plagued a number of manufacturers in the past year and a half. It’s particularly troubling in the tech space. That’s leading to investors shifting interest from companies away from China, or at least those cities in China under heavy lockdown. One of the biggest hit companies right now is Korean giant Samsung, which is now looking at ...
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Coliseum Capital Management, a major holder of Purple Innovation Inc (PRPL), has been adding to its stake. The fund bought 120,000 shares on December 28, paying just over $1.6 million for shares. And on December 27, the fund bought 594,478 shares, paying just over $8.1 million. Those pale in comparison to the 7,541,863 shares bought back on December 20th, coming in at a whopping $85.1 million buy. The fund has also been a seller of shares back in May, at a ...
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Shares of real estate analytics company Zillow Group (Z) are down nearly 53 percent in the past year, thanks to the company’s decision to try and buy and flip homes in a number of markets. One trader sees the selloff as over. That’s based on the June $75 calls. With 164 days until expiration, 5,000 contracts traded compared to an open interest of 310, for a 16-fold rise in volume. The buyer of the calls paid $4.48 to make the trade. Shares ...
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Retail stocks tend to get a bad rap. It’s easy to see why. Profit margins tend to be low, growth can be slow, and supply chain issues over the past year have led to one shortage after another. But some companies have a great reputation, a moderate profit margin, and are able to consistently raise their income year over year. Any retailer that can do so indefinitely is a great one to own for the long haul. In this space, the champion ...
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