Unusual Options Activity: Halliburton Company (HAL)

Shares of oil and gas equipment giant Halliburton Company (HAL) have been trending higher with the price of oil over the past few months. One trader sees the potential for a big jump higher in the coming months. That’s based on the September $28 calls. Expiring in 74 days, over 46,640 contracts recently traded, a massive 259-fold jump in volume from the prior open interest of 180 contracts. The buyer of the call options paid about $0.70 to make the trade. With ...
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Stocks In This Sector Are Firing on All Cylinders, and Rewarding Shareholders

A number of sectors are looking strong going into the back half of the year. In one sector, costs are going down, expenditures look likely to drop, and prices remain robust, which makes for an attractive move going forward. The sector? Oil and natural gas. A number of companies are looking good as OPEC is set to meet on production, with oil potentially capable of seeing oil hit $100 per barrel. Case in point is ConocoPhillips (COP). The energy giant just increased ...
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Insider Trading Report: Foley Trasimene Acquisition Corp (WPF)

Michael Gravelle, general counsel at Foley Trasimene Acquisition Corp (WPF), recently bought 10,000 shares. The buy represents an initial purchase by the holder. The total cost came to $99,800. The buy occurred on the same day that William Foley, a major owner, also bought 100,000 shares, at a cost of $999,000. The company CEO also bought 10,000 shares at the same time. One fund with a major stake in the company has been a seller of shares since the company ...
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Unusual Options Activity: Advanced Micro Devices (AMD)

Shares of semiconductor firm Advanced Micro Devices (AMD) have seen a strong rally in the past few weeks. One trader sees that trend continuing through the end of the month. That’s based on the July 30 $110 calls. With 28 days until expiration, over 7,190 contracts traded against an open interest of 268, for a 27-fold jump in volume. The buyer of the calls paid $1.04 to make the trade. With shares around $94, they’d need to rise $16 or about 20 ...
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Everyday Low Prices Come to the Prescription Drug Market

Even when inflation rates weren’t rising at multi-year highs, prices for some goods have been rising far higher than the national average. One of the biggest areas with increasingly higher prices has been in drug costs. Enter Walmart (WMT). The retail giant is now offering a private-label insulin. The diabetes drug is priced at nearly 50 percent lower than brand names, potentially saving users thousands of dollars per year. The company’s ReliOn NovoLog brand of insulin vials and pens has started ...
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Insider Trading Report: Doximity (DOCS)

Kevin Spain, a director at Doximity (DOCS), recently bought 775,000 shares. The buy came to a total cost of just over $20 million, and represents a new stake for the director. The move comes as another director sold nearly 4.3 million shares, netting over $105 million. While that may sound extreme, the company just went public last week. Full insider data isn’t available yet, but it still appears substantial in its initial post-IPO period. Doximity operates a cloud-based digital platform for ...
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Unusual Options Activity: Home Depot (HD)

Shares of home improvement retailer Home Depot (HD) slid to around $300 per share in recent weeks before starting a strong bounce higher. One trader sees that trend continuing into the next week. That’s based on the July 9 $330 calls. Over 14,880 contracts traded against a prior open interest of 136, for a 109-fold surge in volume. The buyer of the calls paid about $0.68. With shares around $318, they would need to rise another 4 percent in a week in ...
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This Tech Play Joined the Trillionaire Club, and Still Has Room to Rally

Big tech companies have been in the spotlight over a number of their business practices. While the jury is still proverbially out on more regulation for big tech, one judge recently threw out a lawsuit against Facebook (FB). The lawsuit was an FTC complaint regarding a number of antitrust complaints, given the company’s anti-competitive nature. Shares of the social media firm rallied on the news, allowing the firm to hit a $1 trillion market cap for the first time. There’s likely room ...
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