Unusual Options Activity: Devon Energy Corporation (DVN)
Energy prices have been rebounding in recent weeks, and one trader sees a possibility to play that trade with
Devon Energy (DVN). That’s based on the December $30 calls. With 113 days until expiration, over 9,360 contracts traded against a prior open interest of 145, for a 65-fold rise in volume. The buyer of the calls paid about $2.39 to make the trade. Shares recently traded near $28.50, so they would need to rise less than 10 percent to move in-the-money. Given the ...
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Devon Energy (DVN). That’s based on the December $30 calls. With 113 days until expiration, over 9,360 contracts traded against a prior open interest of 145, for a 65-fold rise in volume. The buyer of the calls paid about $2.39 to make the trade. Shares recently traded near $28.50, so they would need to rise less than 10 percent to move in-the-money. Given the ...
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Earnings Season Shows Security Software Demand Remains Strong
Security software spending is on the rise following a series of high-profile hacks against a number of businesses this year. Now, security software companies are starting to report earnings, and it’s clear that business will be great for some time to come. That’s because these companies tend to operate on a recurring revenue basis, so whether a customer is now or upgrading their security software, they’ll also be making regular payments to ensure upgrades and monitoring. One company seeing big results is
Palo ...
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Palo ...
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Insider Trading Report: Old Republic International (ORI)
Michael Kennedy, a director at
Old Republic International (ORI), recently bought 1,024 shares. The buy increased his holdings by over 26 percent, and came to a purchase price of just under $27,000. This is the second insider buy of the month, as another director picked up 250 shares on August 11. Overall, insiders are active as both buyers and sellers, although one director is leading insider buys with regular small purchases. Overall, company insiders own 7.3 percent of shares. The insurance company has ...
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Old Republic International (ORI), recently bought 1,024 shares. The buy increased his holdings by over 26 percent, and came to a purchase price of just under $27,000. This is the second insider buy of the month, as another director picked up 250 shares on August 11. Overall, insiders are active as both buyers and sellers, although one director is leading insider buys with regular small purchases. Overall, company insiders own 7.3 percent of shares. The insurance company has ...
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Unusual Options Activity: Advanced Micro Devices (AMD)
Shares of semiconductor firm
Advanced Micro Devices (AMD) have been in a strong uptrend, particularly after reporting its latest earnings numbers a few weeks ago. One trader sees the possibility for a further move. That’s based on the September 3 $119 call options. With 9 days until expiration, over 13,880 contracts traded against an open interest of 268, for a 52-fold jump in volume. The buyer of the contracts paid about $0.68 on average. With shares around $109, they’d need to rally about ...
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Advanced Micro Devices (AMD) have been in a strong uptrend, particularly after reporting its latest earnings numbers a few weeks ago. One trader sees the possibility for a further move. That’s based on the September 3 $119 call options. With 9 days until expiration, over 13,880 contracts traded against an open interest of 268, for a 52-fold jump in volume. The buyer of the contracts paid about $0.68 on average. With shares around $109, they’d need to rally about ...
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Fears of Slowing Growth in the Cloud Space are Overrated
One of the biggest trends of the past few years has been the rise of companies using cloud-based services. That bypasses the need for a company to run its own data centers, and has created some powerhouse firms. However, in the short-run, fears of slow growth can lead to major selloffs in cloud-based companies, which in turn can spell a long-term entry point for patient buyers. Case in point?
Snowflake (SNOW). The cloud storage giant has seen its shares shed one-third of their ...
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Snowflake (SNOW). The cloud storage giant has seen its shares shed one-third of their ...
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Insider Trading Report: Krispy Kreme Inc (DNUT)
JAB Holdings, a major holder at
Krispy Kreme (DNUT), recently added 234,748 more shares to their holdings. The buy increased the company’s stake by 0.35 percent, and came to a total purchase price just over $3.37 million. This buy follows up on a number of insider buys back in July, including a 294,118 share buy from the company’s chairman of the board. Overall, company insiders own nearly 45 percent of company shares. There have also been no insider sales since the firm ...
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Krispy Kreme (DNUT), recently added 234,748 more shares to their holdings. The buy increased the company’s stake by 0.35 percent, and came to a total purchase price just over $3.37 million. This buy follows up on a number of insider buys back in July, including a 294,118 share buy from the company’s chairman of the board. Overall, company insiders own nearly 45 percent of company shares. There have also been no insider sales since the firm ...
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Unusual Options Activity: Caesars Entertainment (CZR)
Shares of casino giant
Caesars Entertainment (CZR) have been steadily declining since early June. However, one trader see the possibility for a strong rebound. That’s based on the December $125 calls. With 115 days until expiration, over 20,015 contracts traded compared to an open interest of 186, for a 108-fold jump in volume. The buyer of the calls paid about $1.27 to make the trade. Even with the recent decline, the casino company has seen shares rise 85 percent over the past ...
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Caesars Entertainment (CZR) have been steadily declining since early June. However, one trader see the possibility for a strong rebound. That’s based on the December $125 calls. With 115 days until expiration, over 20,015 contracts traded compared to an open interest of 186, for a 108-fold jump in volume. The buyer of the calls paid about $1.27 to make the trade. Even with the recent decline, the casino company has seen shares rise 85 percent over the past ...
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This Hardware-to-Software Play Closes an Era
A number of companies are synonymous with certain eras. From
General Motors (GM) in the 1950s or
International Business Machines (IBM) in the 1960s, these companies have changed with the times, but aren’t quite as big a player in their industries as they once were. Kicking off the tech bubble of the 1990s,
Cisco Systems (CSCO) was best known for making internet routing equipment. Shares have finally topped their early 2000 peak in the second half of 2021. But it’s also become a different company ...
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General Motors (GM) in the 1950s or
International Business Machines (IBM) in the 1960s, these companies have changed with the times, but aren’t quite as big a player in their industries as they once were. Kicking off the tech bubble of the 1990s,
Cisco Systems (CSCO) was best known for making internet routing equipment. Shares have finally topped their early 2000 peak in the second half of 2021. But it’s also become a different company ...
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