Unusual Options Activity: 3M (MMM)
Shares of conglomerate
3M (MMM) have been trading in a range for the past few months. One trader sees the shares moving higher, potentially out of its trading range and into a new rally. That’s based on the September $210 calls. Over 10,200 contracts traded against an open interest of 272, for a 38-fold rise in volume. The buyer of the calls paid about $2.42 to make the trade. With shares around $200, a move to $210 represents about a 5 percent move ...
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3M (MMM) have been trading in a range for the past few months. One trader sees the shares moving higher, potentially out of its trading range and into a new rally. That’s based on the September $210 calls. Over 10,200 contracts traded against an open interest of 272, for a 38-fold rise in volume. The buyer of the calls paid about $2.42 to make the trade. With shares around $200, a move to $210 represents about a 5 percent move ...
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Streaming Services Hit a Crossroad
2020 was a great year for streaming service companies, as quarantined populations turned to binge watching shows old and new. With the economy reopening, however, more options are available to consumers, who want to get out of the house. That creates a challenge for streaming companies to keep their subscribers. For instance, in its latest earnings on Tuesday,
Netflix (NFLX) reported lighter-than-expected subscriber growth, the key metric for streaming companies. However, Netflix is already working to develop gaming. While some feared this might ...
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Netflix (NFLX) reported lighter-than-expected subscriber growth, the key metric for streaming companies. However, Netflix is already working to develop gaming. While some feared this might ...
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Insider Trading Report: Cricut (CRCT)
The Abdiel Qualified Master Fund, a major holder in
Cricut (CRCT), recently added 123,291 shares. The buy increased the fund’s stake by 1.5 percent, and came to a total purchase price of just over $4.1 million. That adds to other buys from the fund in recent months, taking them from over 4.1 million total shares to 8.4 million shares. Some company insiders were sellers of shares back in April, although shares have rallied 83 percent since then. Overall, company insiders own 10.6 ...
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Cricut (CRCT), recently added 123,291 shares. The buy increased the fund’s stake by 1.5 percent, and came to a total purchase price of just over $4.1 million. That adds to other buys from the fund in recent months, taking them from over 4.1 million total shares to 8.4 million shares. Some company insiders were sellers of shares back in April, although shares have rallied 83 percent since then. Overall, company insiders own 10.6 ...
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Unusual Options Activity: Valero Energy (VLO)
Shares of oil refining giant
Valero Energy (VLO) have been sliding in the past month. However, one trader sees a potential rebound in the coming months. That’s based on the November $65 call. With 120 days until expiration, over 5,115 contracts traded against an open interest of 128, for a 40-fold rise in volume. The buyer of the call options paid about $4.18 to make the trade. Shares of the company are currently around $62.50, making this a near-the-money call. Valero has Read More About This
Valero Energy (VLO) have been sliding in the past month. However, one trader sees a potential rebound in the coming months. That’s based on the November $65 call. With 120 days until expiration, over 5,115 contracts traded against an open interest of 128, for a 40-fold rise in volume. The buyer of the call options paid about $4.18 to make the trade. Shares of the company are currently around $62.50, making this a near-the-money call. Valero has Read More About This
Is Big Blue Finally a Buy?
What’s old can often be new again in tech. Case in point?
International Business Machines (IBM). The tech giant is starting to show some signs of life as it pivots away from computer mainframes and more towards software and services. That allowed the company to see a 3 percent rise in revenue compared to a year ago. Compared to its history of losses over the past few years, it looks like a start in the right direction. However, despite those solid headline ...
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International Business Machines (IBM). The tech giant is starting to show some signs of life as it pivots away from computer mainframes and more towards software and services. That allowed the company to see a 3 percent rise in revenue compared to a year ago. Compared to its history of losses over the past few years, it looks like a start in the right direction. However, despite those solid headline ...
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Insider Trading Report: Hibbett Inc (HIBB)
David Benck, General Counsel at
Hibbett Inc (HIBB), recently picked up 2,000 shares. The buy increased his stake by 33 percent, and came to a total purchase price of just over $175,000. He was joined by the company’s CIO, who bought 2,200 shares, paying out just over $197,000 at the same time. Another insider was also a buyer in late June. Company insiders have been active as sellers as well, as all insider trades were sales, even at a lower share price than ...
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Hibbett Inc (HIBB), recently picked up 2,000 shares. The buy increased his stake by 33 percent, and came to a total purchase price of just over $175,000. He was joined by the company’s CIO, who bought 2,200 shares, paying out just over $197,000 at the same time. Another insider was also a buyer in late June. Company insiders have been active as sellers as well, as all insider trades were sales, even at a lower share price than ...
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Unusual Options Activity: Hilton Worldwide Holdings (HLT)
Shares of hotel chain
Hilton Worldwide Holdings (HLT) have been trading in a range over the past few months. One trader is betting that when shares do break out of their range, it will be higher. That’s based on the January 2023 $130 calls. With a whopping 548 days until expiration, over 6,250 contracts traded against a prior open interest of 142, for a 44-fold rise in volume. The buyer of the contracts paid about $14.70. Shares last traded around $117, so to ...
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Hilton Worldwide Holdings (HLT) have been trading in a range over the past few months. One trader is betting that when shares do break out of their range, it will be higher. That’s based on the January 2023 $130 calls. With a whopping 548 days until expiration, over 6,250 contracts traded against a prior open interest of 142, for a 44-fold rise in volume. The buyer of the contracts paid about $14.70. Shares last traded around $117, so to ...
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This Original Silicon Valley Giant Might Jump to New Heights
Wall Street loves nothing more than a good rumor. Rumors about a potential merger often involve multiple companies. That includes the two companies that might merge, as well as any competitors or big institutions that might be investing. Last week, a rumor broke that
Intel (INTC) is looking to buy GlobalFoundries, a privately held firm. If that’s the case, shares might end up going on a winning streak once again. That’s because GlobalFoundries is a big player in manufacturing semiconductors, which would compliment ...
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Intel (INTC) is looking to buy GlobalFoundries, a privately held firm. If that’s the case, shares might end up going on a winning streak once again. That’s because GlobalFoundries is a big player in manufacturing semiconductors, which would compliment ...
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