Trading Tips Blog

Shares of mortgage finance company Mr. Cooper Group (COOP) have been in a steady uptrend for several months. Shares have pulled back slightly to start 2021, but one trader sees the uptrend continuing. That’s based on the April 2021 $35 calls. Over 5,500 contracts traded against an open interest of 268, for a 21-fold rise in volume. The option, expiring in 95 days, would move in-the-money if shares rise another $5, or 16 percent. The trader paid $1.30 for the options on ...
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Vesa Equity Investment, a major holder in Foot Locker (FL), recently bought another 8,581 shares Coming at a total cost of $334,000, the buy increased the fund’s holdings by 0.07 percent. The fund has been a sizeable buyer over the past two months, picking up nearly 2 million shares in that timeframe, at prices as much as 15 percent below where shares currently trade. Corporate executives have generally been sellers of shares in the past year. Overall, insiders own over 13 ...
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Shares of banks are stabilizing after a jump on Wednesday, but at least one trader sees a further move higher in Wells Fargo (WFC). That’s based on the February 5th $36 call option. Expiring in 28 days, the option saw over 15,700 contracts trade, a 60-fold rise in volume from the prior open interest of 260. The buyer paid $0.81 for the contract. Shares currently trade at $34, so the trader expects another $2 move higher in shares. Wells Fargo has been ...
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Early sales numbers for the last quarter of 2020 are starting to come in. There’s some good news and some bad news. The good news is that sales are rising. The bad news? The rate of the rise is slowing down. That’s understandable. Many major retailers were able to see sales rise thanks to increased ecommerce trends. As customers have completed that shift, the rate is starting to stabilize. However, there’s still some trading opportunities as a result. Case in point: Costco ...
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Shares of banking stocks jumped higher on Tuesday, as control of the U.S. senate looked likely to flip, indicating looser fiscal policy positions ahead. But one trader is expecting the trade to be short-lived for Deutsche Bank (DB). That’s based on the January 2023 $10 puts. With 733 days until that trade expires, over 1,420 contracts traded against a prior open interest of 122, for a 12-fold rise in volume. The trader paid $1.72 for the contract on average. Shares of Deutsche ...
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Augusta Investments, a major holder in Bullfrog Gold Corp (BFGC), recently added 6.5 million shares to their holdings. This represents a 6 percent increase. The fund paid about $1.5 million in total to add to this position. This marks the first insider trade in nearly two years. A company director bought 1.5 million shares of the company in early 2019, and insiders have been more active in 2018 and 2017. There have been no insider sales in the last three ...
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Analysts are upgrading shares of Apple (AAPL) ahead of earnings. Shares of the tech play are still off the highs set back in September, but look set to continue higher. While earnings day itself may play a wild card, so far, all the early indicators are for an earnings beat. The first hint is the company’s $1.8 billion in revenue on the App Store the week of Christmas, a record for the firm. Second, the company’s production numbers on the iPhone ...
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Blackstone Holdings, a major owner of Cheniere Energy (CQP), recently added to their stake with a 73,359 share buy. The total price came to just under $2.5 million, and represents a nearly 19 percent increase in the fund’s stake of the liquefied natural gas company. Blackstone has been a buyer through a number of various legal entities in the past year. One director has sold shares in the past year. Overall, insiders own just over 49.5 percent of the firm. Shares of ...
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