Unusual Options Activity: Home Depot (HD)

Shares of home improvement retail chain Home Depot (HD) have slid sharply with the overall market in recent sessions. One trader is willing to bet that shares are ready to move higher. That’s based on the March $390 calls. With 49 days until expiration, 13,811 contracts traded compared to a prior open interest of 386, for a 36-fold rise in volume. The buyer of the calls paid $4.75 to make the trade. The stock recently traded closer to $360, so it would ...
Read More
|

In a Volatile Market, Use Activist Trends to Profit

When the going gets tough, traders have a number of opportunities to take advantage of. They can look to invest in prospective mergers, where a market selloff may have depressed prices that may quickly snap back. Another possibility is to buy into beaten-down names where activist investors are getting involved as well. That could allow for a big upside when markets move higher again. One such trend may be underway with consumer goods giant Unilever (UL). The stock jumped nearly 9 percent ...
Read More
|

Insider Trading Report: Phillips 66 Partners LP (PSXP)

Mark Haney, a director at Phillips 66 Partners LP (PSXP), recently bought 1,623 more shares of the company. The buy increased his holdings by 5 percent, and came to a total price of just over $72,000. Another director paid about the same amount the same day, picking up 1,630 shares. This adds to a steady stream of buys from insiders throughout the past three years, with no company insider selling shares over that time. Overall, insiders own over 74 percent of ...
Read More
|

Unusual Options Activity: Nvidia (NVDA)

Shares of graphics processing company Nvidia (NVDA) have been hit hard with the recent tech market selloff. One trader sees share reversing higher in the next month. That’s based on the February $235 calls. With 23 days left until expiration, 9,309 contracts were traded compared to an open interest of 304, for a 31-fold gain in shares. The buyer of the options paid $15.23 to make the trade. Shares of the company recently went for just about $235, making this an ...
Read More
|

Opportunities Rise in Big Tech Amid Market Meltdown

Investors looking for bargains in today’s market have their pick right now. This may be a good time to look at companies that dominate their industry now, as a rebound will likely make a leader prohibitively expensive to buy later. With a market drop heavily focused on the tech space, this may represent the best opportunity for buying big tech names for some time to come. One such opportunity right now is Amazon (AMZN). While shares fared well during the pandemic, the ...
Read More
|

Insider Trading Report: Oracle Corp (ORCL)

Charles Moorman, a director at Oracle Corp (ORCL), recently picked up 15,000 shares. The buy increased his stake by 27 percent, and came to a total price just over $1.25 million. Insiders have a mixed history over the past few years, with more sales than buys, as is fairly typical for tech companies, which tend to be generous with their share issuance to company executives. The last buy came from another director back in October for nearly $222,000. Even with regular and ...
Read More
|

Unusual Options Activity: Boeing (BA)

Shares of airline manufacturer Boeing (BA) have been gradually trending down over the past year. However, one trader sees the possibility for a strong rebound in shares in the next few weeks. That’s based on the March 4 $250 calls. With just under 40 days until expiration, 4,707 contracts traded compared to a prior interest of 138, for a 34-fold jump in volume. The buyer of the calls paid $1.26 to make the trade. Shares of the company last went for about ...
Read More
|

This Chipmaker Will Be One of the Leaders in the Next Market Move Higher

The stock market’s recent decline has been felt most heavily in technology stocks. That’s the typical case of selloffs in general, as tech stocks tend to outperform the market on the way up. Investors who buy industry-leading tech names during a market correction can typically improve their returns as the market inevitably rebounds. While it may be too soon to say if the current bottom is in, we’re likely closer to the bottom than not. That makes it the perfect time to ...
Read More
|