Trading Tips Blog

Shares of semiconductor firm Marvell Technology (MRVL) have been trending higher in the past few months amidst a global chip shortage. One trader sees further upside ahead. That’s based on the March $75 calls. With 148 days until expiration, over 2,390 contracts traded against a prior open interest of 143, for a 17-fold rise in volume. The buyer of the calls paid $3.40 for the trade. With shares last trading near $68, the stock would need to rise just over 10 percent ...
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After a failure to deliver on time, the SEC finally released a report on January’s “meme stock” activity in the market, primarily centered around the explosive move higher in GameStop (GME). The report came out with a statement that the regulator will try and use the event as a way to ensure markets remain fair for the little guy. But what’s more important is what didn’t make the headline of the report. The report noted that the explosive move higher in ...
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Robert Henkel, a director at Owens & Minor (OMI), recently picked up 1,000 additional shares. The buy increased his stake by over 4 percent, and came to a total purchase price of just over $33,000. The director has previously been a buyer in September, and in May, also in increments of 1,000 shares. Over the past three years, sellers have exceeded buyers, particularly in the past year as shares rallied before coming down in recent weeks. Insiders own 3 percent of ...
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Shares of electric vehicle manufacturer Faraday Future Electric (FFIE) have been trending down for several months. However, one trader sees a strong rebound in the coming months. That’s based on the December $10 calls. With 58 days until expiration, over 10,930 contracts traded, a 70-fold jump in volume from the prior open interest of 156 contracts. The buyer of the calls paid $0.70 for the trade. Shares currently trade just over $9, so would need to rally at least 10 percent in ...
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A number of retailers have already started dropping Black Friday deals. Typically starting the day after Thanksgiving, the story on Wall Street is that it really marks the day that retail companies move to profitability, or in the black, for the year. With some pent-up consumer demand and rising wages this past year, sales could blowout 2020’s pandemic-reduced numbers. While retail has already performed well as a sector this year, traders will likely fare best if they consider a best-of-breed ...
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Samsara BioCapital, a major owner of Graphite Bio (GRPH), recently added 50,800 shares. The buy came to a total cost of just over $667,000. This follow up from a 145,496 share buy from the same fund a week before. These are the only transactions from insiders since the company went public in August 2020. Overall, company insiders own nearly 10 percent of shares, with major holders like Samsara owning a collective 80 percent of shares, leaving few for individual investors. Shares ...
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Shares of oil and gas giant British Petroleum (BP) have nearly doubled in the past year on the back of rising energy prices. One trader sees that trend continuing for some time. That’s based on the January 2024 $25 calls. With 822 days until expiration, 2,540 contracts traded, a 25-fold jump in volume over the prior open interest of 103. The buyer of the calls paid $6.57 to make the trade. With shares going for about $29.50, a 52-week high, the ...
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Investors have to pay up for quality. That tends to be worth it in time, as buying the best company in a sector can provide excess returns. In the past few trading sessions, the biggest Wall Street banks have been reporting earnings. Most have beaten earnings, as well as provided a buoyant outlook and reduced loan loss reserves, a sign of long-term financial health. While investors may think all big banks are the same, that’s not always the cases. Some banks ...
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