Unusual Options Activity: Advanced Micro Devices (AMD)

Shares of semiconductor firm Advanced Micro Devices (AMD) have traded flat over the past month following a longer-term rally. One trader sees that rally resuming in the coming weeks. That’s based on the October 8 $115 calls. With 28 days until expiration, just under 6,300 contracts traded against a prior open interest of 162, for a 39-fold rise in volume. The buyer of the calls paid $1.81 to make the trade. With shares around $106, they’d need to rise $9, or about ...
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This Market Match Indicates Further Upside Ahead

Typically, a growing company will hit certain milestones in its career. The most important for getting onto the radar for investors is being included in a major index. Over time, companies that hit earnings and revenue goals may find they join more and more prominent indices. The S&P 500 has recently started rebalancing, taking a few companies out, but adding some new players as well, who are seeing their shares soar now. Case in point? Match Group (MTCH). The owner of Tinder, ...
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Insider Trading Report: Financial Institutions Inc (FISI)

Martin Birmingham, President and CEO at Financial Institutions Inc (FISI) recently picked up 1,000 additional shares. The buy increased his holdings by just under 1 percent, and came to a total purchase price of just under $31,000. That follows on a buy for 637 shares made two days before by the company CFO. That came to a total purchase price of just under $20,000. Company insiders have been steady buyers in small amounts over the past three years, with no insider ...
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Unusual Options Activity: Equitrans Midstream Corporation (ETRN)

Shares of natural gas gathering, transmission, and storage firm Equitrans Midstream Corporation (ETRN) have traded flat over the past year. One trader sees a rally in the months ahead. That’s based on the January $12.50 calls. With 134 days until expiration, over 15,420 contracts traded, a 39-fold rise in volume from the prior open interest of 391 contracts. The buyer of the calls paid $0.18 to make the trade. Shares are currently in the low $9 range, meaning shares would need ...
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How to Stay a Winner in the Streaming Wars

The past few years has seen a major jump in streaming services from various media companies. The competition has heated up, but the big players are up for the challenge. That’s seen with the original streaming giant Netflix (NFLX), which not only started streaming old shows, but started creating award-winning content to keep subscribers content with their monthly payments as well. To stay on top, the king of content has now bought the king of comedy. Shares got a boost late last ...
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Insider Trading Report: SmartRent (SMRT)

Bruce Strohm, a director at SmartRent (SMRT) recently picked up 10,000 shares. The buy represents an initial stake for the director, with no prior shares owned. The total value of the shares came to just over $122,000. This represents the first insider transaction since the company went public in late August. Overall, company insiders still own 16 percent of shares. The smart home and smart building technology platform recently went public via SPAC, or special purpose acquisition company. Since going public, shares ...
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Unusual Options Activity: Enbridge (ENB)

Shares of energy infrastructure Enbridge (ENB) have been trending higher in the past year. One trader sees that trend reversing. That’s based on the April $37.50 puts. With 218 days until expiration, over 11,250 contracts traded against a prior open interest of 151, for a 75-fold rise in volume. The buyer of the puts paid $1.63 to make the trade. Shares recently closed in near a 52-week high of $41, but are well off multi-year highs. That’s as the company’s earnings ...
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Regulatory Warnings Create Buying Opportunities: Big Pharma Edition

Stocks never move up in a straight line. One reason is profit-taking. In a bull market like this, that’s a bit rare. But other events can also temporarily weigh on a stock’s long-term uptrend. One big event is a regulatory warning. While big tech names sometimes take a one-day dive as some agency announces a record fine, or even a bank, which have collectively paid billions in fines, big pharma is the latest industry to come under fire as well. Consider AbbVie ...
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