Trading Tips Blog

Even energy stocks have seen some life in the past few weeks. Shares of Exxon Mobil (XOM) have rallied from $32 to $42 since the start of the month. One trader sees shares trending even higher. That’s based on the February 2021 $50 calls. Expiring in 84 days, the calls would require shares to jump another 18 percent to move in-the-money. Over 21,500 contracts traded against a prior open interest of 205 for a 105-fold rise in volume! The trader paid about ...
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Stocks have had a strong month thanks to the end of election uncertainty and the announcement of several Covid-19 vaccines. That takes some of the biggest risks in the market off the table. While that’s been good for most companies, many firms can still perform even better in the months ahead. That includes the manufacturers of vaccines themselves, which still need to move from a successful announcement to a delivered product. While it’s no surprise that investors have already bought into these ...
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Michael Kennedy, a director at Old Republic International (ORI), recently bought 1,494 shares. The buy represented an initial stake in the company. The purchase came to a total cost of just over $26,000. Insiders have been buyers for months in relatively small amounts. Last month saw two directors buy a total of 2,200 shares. The last insider sale was in the autumn of 2019, at far higher prices than today. Shares of the insurance company sold off heavily earlier in the ...
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At least one trader is betting that shares of pharmacy chain Walgreens Boots Alliance (WBA) will rally in the coming weeks. That’s based on the surge of buying in the December 18th $41 calls. Those options just saw a 33-fold rise in volume, going from 100 open contracts to seeing over 3,250 trade. The buyer paid about $0.36, and expire in 22 days. To move in-the-money, shares would need to rally 7.3 percent from their current price near $38.20. Shares recently pulled ...
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SRS Investment Management bought 104,900 more shares of Avis Budget Group (CAR) recently. The buy upped the fund’s stake by a mere 0.6 percent despite a cost of $3.6 million. That’s thanks to the fund’s 18.3 million share stake in the car rental firm. This is the fund’s third buy so far this month. The fund has been an active buyer all year, at prices as much as 40 percent lower than where shares currently trade. A number of insiders have also ...
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At least one trader is betting that shares of alternative energy firm Bloom Energy (BE) will continue to trend higher in the next month. That’s based on the 11,805 contracts that traded on the December 18th $23 calls. That’s a 65-fold rise in volume from the prior interest of 181. With shares trading just under $22, the stock would only need to rally about 5 percent for the options to move in-the-money. The trader paid about $1.75 for the contracts, which expire ...
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Social media companies aren’t going away. The internet platforms continue to vie for viewers, as that in turn leads to advertising dollars and revenues. This big-buck business continues to find new ways to innovate. One such company is TikTok, which focuses on sharing short videos between users. Given the massive growth that platform has seen, it’s no surprise that other companies are joining in… and why that makes them an attractive buy. The biggest move comes as Snap (SNAP) looks to Read More

At least one trader is betting on a rally in Bed Bath & Beyond (BBBY) around the Black Friday holiday. That’s based on the December 4th $21 call option. Expiring in 10 days, the option saw over 6,850 contracts trade against a prior open interest of 214, for a 32-fold rise in volume. The buyer of the calls paid about $0.84 per contract. With shares just over $21, this is an at-the-money trade. The buyer will make a profit as long ...
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