Trading Tips Blog

Shares of private prison company The GEO Group (GEO) have been trending up since May, with a large spike higher on Friday. One trader sees the possibility for a move even higher. That’s based on the March $12 calls. With 157 days until expiration, over 70,830 contracts traded against a prior open interest of 662. That makes for a 107-fold leap in volume on the option trade. The buyer of the call paid $0.70 to make the trade. Shares of the stock ...
Read More

Most companies are having a solid year, even when comparing their sales and earnings to post-pandemic quarters. However, a few sectors haven’t fared too well in recent months and have missed out on most of 2021’s gains. One such area is with pot stocks. These companies were popular at the start of the year, but have since been lagging the overall market. But that may be about to change. For instance, one industry leader, Tilray (TLRY) moved higher even after reporting ...
Read More

Dustin Moskovitz, President and CEO of Asana Inc (ASAN), recently acquired another 500,000 shares. The buy increased his holdings by nearly 6 percent, and came to a total purchase price of just under $50 million. This marks the CEO’s third buy in the past month, now totaling over 1 million shares. Over the same timeframe, other company insiders have been sellers of smaller amounts of shares, showing considerable overall activity, even for a tech company. Insiders own nearly 14 percent of ...
Read More

Shares of aluminum processor Alcoa Corporation (AA) have been moving steadily higher over the past year amid a booming commodity market. One trader sees that trend continuing into the first half of next year. That’s based on the June $55 calls. With 249 days left before expiration, over 6,525 contracts traded against a prior open interest of 161, for a 41-fold rise in volume. The buyer of the calls paid $5.13 to make the trade. Shares have traded as high as ...
Read More

While many companies have reported trouble in finding workers right now, news of a strike is a different, pre-pandemic sort of labor problem. Yet that’s the case at Kellogg Company (K), where nearly 5 percent of the company workforce has gone on strike. While a prolonged strike could mean favorite cereal brands getting sold out at grocery stores, shares of the company were slightly up the day the story broke. Yet it does point to the relative value the company ...
Read More

Alison Fairhead, a director at Oracle Corp (ORCL), recently added 1,286 shares. The buy increased her stake by nearly 5.7 percent, and came to a total purchase price of just under $110,000. The director has been a prior buyer of shares back in March, picking up 10,242 shares for just under $689,000, and at a purchase price about 35 percent lower compared to where shares trade today. Otherwise, company insiders at the tech company have largely been sellers. Company insiders still own ...
Read More

Shares of biotech firm Ginkgo Bioworks Holdings (DNA) suffered a double-digit loss on Tuesday following a short-seller issuing a report questioning the company’s revenue sources. However, one trader sees shares shaking off the fear and moving higher. That’s based on the March $14 calls. With 161 days to trade, nearly 4,600 contracts traded, a 32-fold rise in volume from the prior open interest of 144. The buyer of the call paid $1.28 for the trade. The trade was made as shares were ...
Read More

Software companies remain one of the best places for tech investors. It doesn’t require physical facilities to manufacture hardware, and a piece of software can be copied endlessly with little extra cost. That creates high profit margins. Today, software companies that offer data and analytic services can best use a recurring revenue model to create steady and growing cash flows as well. That’s a particularly attractive space for investors in tech today. One clear winner in the space is Palantir Technologies (PLTR) ...
Read More