Trading Tips Blog

Media giant Viacom CBS (VIAC) saw shares drop nearly two-thirds during the pandemic. Now largely recovered, at least one trader is betting on a renewed decline. That’s based on the March 2021 $35 puts. Nearly 14,000 contracts traded against a prior open interest of 254, for a 54-fold rise in volume. The options are also about $3 in-the-money, given the current share price of $32. The option buyer paid about $5.15 per contract. Shares of the company have been trading for less ...
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Stephen Adams, a director at Camping World Holdings (CWH), recently bought 200,000 shares. The buy increased his total holdings by 400 percent, and came to a cost of just over $4.9 million. That follows on a number of insider buys from the company CEO in September, who paid anywhere from 2 to 15 percent more for the shares that he bought.  Company insiders have been both buyers and sellers over the past year. Overall, the pattern of insiders selling at higher prices ...
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It’s often thought that the larger a company gets, the fewer paths it has to grow. In the case of technology, however, that’s not always the case. A tech company can add a new sector while maintaining old ones, allowing for much more growth potential than a non-tech company. For instance, one analyst sees one of the largest tech companies in the world boosting its size even further, by embracing security software. That growing niche is capable of adding $30 billion in ...
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Communications firm Dish Network Corporation (DISH) saw a steep decline in shares from September into early November. Now a powerful rally is underway, and one trader sees it continuing. That’s based on the March 2021 $35 call options. Expiring in 123 days, the options are a bet that shares will rally at least another 10-15 percent. Over 12,550 contracts traded against a prior open interest of just under 400, for a 32-fold rise in volume. The trader paid about $3.08 for the ...
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On Thursday, Walmart (WMT) announced Walmart Pet Care. The retailer now includes in its offerings such services as pet insurance, a pharmacy, and even dog walking and pet sitting services. This is all part of the company’s pivot to capture market share from Amazon (AMZN), in conjunction with the digital transformation the company has undertaken this year. The services add a rich potential source of revenue for the company, as it looks to become a one-stop-shop for everything. The company’s biggest ...
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Jonathan Johnson, CEO at Overstock.com (OSTK), recently bought 1,000 shares of the online retail firm. The buy increased his holdings by just over 1 percent, and cost the company CEO just over $55,000. Insiders have generally been sellers of the company over the past few months, at prices as much as double the current amount or as low as 60 percent below the current price, thanks to the unusual volatility in shares this year. Shares of the retailer started the year ...
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Cannabis firm Tilray (TLRY) has seen shares soar since the election, following a new slew of states that legalized recreational use of the drug. However, the rally has proved short-lived, and is already coming back down. One trader sees a further decline. That’s based on the March 2021 $4 put on shares. 10,000 contracts traded hands on these puts, against a prior open interest of 330, for a 33-fold rise in volume. The option buyer paid $0.59 on average. The option expires ...
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Earnings season can be hit or miss for a number of reasons. Even if a company reports the earnings per share figures that Wall Street analysts are looking for, other factors such as forward guidance may cause a big win to become a big loss for shareholders. That seems to be the case with Datadog (DDOG). Shares plummeted more than 10 percent intraday following its earnings report, when the company beat on overall numbers. The data analytics company has further room for ...
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