Trading Tips Blog

Shares of ticket selling company Live Nation Entertainment (LYV) spiked higher following the vaccine rollout, pulled back, and have now moved back to their old highs. One trader sees shares breaking through to new highs in the second half of the year. That’s based on the January 2022 $95 calls. With over six months until expiration, 5,326 contracts traded against a prior open interest of 161, for a 33-fold rise in volume. The buyer of the option paid about $8.60 to make ...
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Even with the rise of e-commerce, it’s clear that some retail companies will continue to dominate the in-person experience. Those companies are usually big box stores, which offer sufficient variety as well as low prices. That’s why it’s no surprise that these companies have done well this earnings season. And why so many have also expanded their online presence, even if they’re still relatively smaller players there. One of the top retailers for this trend is Costco (COST). The warehouse giant is ...
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Traders may be shifting towards airlines, cruise ships, and reopening movie chains as the world settles into a post-pandemic recovery. But many changes that occurred are likely to remain. One of those is the shift towards cloud services that started last year. As the work-from-home era likely won’t go back to the pre-pandemic levels of being in the office, it’s no surprise that many cloud names in tech have been reporting solid earnings in the first quarter of 2021. Case in point? ...
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Shares of movie theater chain AMC Entertainment Company (AMC) are leading a new potential retail short squeeze higher. Naturally, that’s caused some traders to expect the company to crater down in the coming days, weeks or months. With a number of put options on the company leading unusual option activity by volume, the August $18 puts are the most interesting for a potential post-squeeze drop. With 81 days until expiration, over 12,740 contracts traded compared to a prior open interest of 161, ...
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TCV X Cycle LP, a major owner of Peloton Interactive (PTON), has been adding to their stake. They made two separate buys last week, one for 39,388 shares, and one for 16,492 shares. The two buys increased the fund’s stake in the firm by nearly 3 percent. This adds to other buys made by the fund earlier in May as well, totaling over $9.5 million. Outside of this fund buy, company insiders have generally been sellers since the company went public. Company ...
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Shares of cable and entertainment giant Comcast (CMCSA) have been trading in a range in recent weeks. One trader sees a return to the high end of that range in the days ahead. That’s based on the June $59 calls. Expiring in 21 days, over 31,800 contracts traded, a 163-fold increase in volume from the prior open interest of 194 contracts. The buyer of the calls paid about $0.42 to make the trade. Shares of Comcast trade near $57, so the shares ...
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Farhad Nanji, a director at PennyMac Financial (PFSI) recently added 187,870 shares. The buy increased his holdings by nearly 7 percent, and came to a total purchase price of $11.7 million. This follows up from other buys from the director in the past month. Overall, company insiders have been particularly active on both sides, although total insider sales greatly outnumber insider buys. Despite the massive insider sales lately, insiders still own 49 percent of company shares. The mortgage financing company has ...
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Technology trends are already starting to shape the decade of the 2020s. This decade will be a transformative one in many ways. Fossil fuel companies are already starting to address carbon emissions. For the automotive sector, the success of Tesla Motors (TSLA) is pushing other carmakers to also offer electric vehicles as well. The market is rewarding that news with much higher share prices. Case in point? Ford Motors (F). Shares jumped to a multi-year high as the company announced it was ...
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