Unusual Options Activity: Petroleo Brasileiro (PBR)

Shares of Petroleo Brasilerio (PBR), Brazil’s state-owned oil company, have been moving higher in recent sessions, following the price of oil higher. At least one trader sees that trend continuing. That’s based on the July 9 $13 calls. Expiring in 21 days, over 77,720 contracts traded against a prior open interest of 245, for a 317-fold explosion higher in interest. The buyer of the calls paid about $0.13 on average. With shares just under $12, it would take a return of about ...
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How Big Data Won Over the Small Investor

Of the many companies that have attracted the interest of retail investors the past year, many are small or mid-cap companies, worth a few billion at most. One of the larger plays is also one that has recently gone public in the past year. That company is Palantir Technologies (PLTR). The company is in the business of “big data,” processing seemingly unrelated bits of information to arrive at conclusions. A big contractor with governments, the company helped locate Osama bin Laden, among ...
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Strong Operational Performance Trumps Weak Guidance and Creates Buying Opportunity

One lingering effect of the pandemic has been weak guidance from companies when reporting earnings. Many are still deferring from making forward-looking statements at all, and the market prefers to hear a rosy picture. Without it, a company may even sell off when it reports solid earnings. Case in point? Oracle (ORCL). The tech giant saw triple-digit growth in its cloud infrastructure business, yet provided weak guidance, leading to a drop in shares. Even with a post-earnings drop, shares are still beating ...
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Insider Trading Report: New York Community Bancorp (NYCB)

Lawrence Savarese, a director at New York Community Bancorp (NYCB), recently picked up 20,000 shares. The buy increased his stake by nearly 17 percent, and came to a total purchase price of just over $231,000. That follows on a 17,700 share buy from earlier in the month, as well as a 5,000 share buy back in February. Other directors have also been buyers in the past year, but no company executives. On the plus side, there have been no insider ...
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Unusual Options Activity: Advanced Micro Devices (AMD)

Shares of chipmaking firm Advanced Micro Devices (AMD) have been rangebound between $75 and $85 over the past few months. One trader sees a bigger move higher in the coming weeks. That’s based on the July 30 $95 calls. With 43 days until expiration, over 5,170 contracts traded against a prior open interest of 252, for a 21-fold rise in volume. The buyer of the calls paid $0.54. With shares last around $80, a rise of nearly 20 percent would be required ...
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This New Retail Favorite Stock Has Staying Power

The past few weeks have seen a resurgence in trades popular with retail, rather than professional, investors. Some of these companies have some good stories behind them, and others have a good story and a good company behind them. Case in point? Wendy’s (WEN). The hamburger chain has become a favorite play on messaging boards. And with an astute social media presence, as well as a new app and loyalty program, it’s making burgers feel high-tech. The popularity hasn’t been lost ...
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Insider Trading Report: Clearway Energy (CWEN)

The Global Infrastructure Investor, a major holder in Clearway Energy (CWEN) recently bought 5,622 shares of the company. The buy came to a total purchase price of just over $144,000. The fund has been a regular buyer of shares over the past two years. Company insiders have also otherwise been buyers over the past three years, with the last insider sale occurring in May of 2018. Overall, company executives own just under 1 percent of company shares. The renewable energy company ...
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Unusual Options Activity: Intel (INTC)

Shares of chipmaking company Intel (INTC) have been in a range over the past few months. One trader is betting on a move higher, and soon. That’s based on the July 2 $62.00 calls. With 16 days until expiration, over 58,560 contracts traded, a 264-fold rise in volume from the prior open interest of 223 contracts. The buyer of the calls paid about $0.27 for the contracts. With a recent share price near $58, shares would need to rise 7 percent for ...
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