Unusual Options Activity: Tesla Motors (TSLA)
Electric car manufacturer
Tesla Motors (TSLA) has been out of favor with the markets in recent weeks. At least one trader sees further short-term weakness. That’s based on a number of unusual options trades. The June 11 $480 put is one such trade. Over 3,580 contracts traded from a prior open interest of 180, for a 20-fold rise in volume. The buyer of the option, which expires in 21 days, paid about $7.95 for the contract. With shares around $565, shares would need ...
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Tesla Motors (TSLA) has been out of favor with the markets in recent weeks. At least one trader sees further short-term weakness. That’s based on a number of unusual options trades. The June 11 $480 put is one such trade. Over 3,580 contracts traded from a prior open interest of 180, for a 20-fold rise in volume. The buyer of the option, which expires in 21 days, paid about $7.95 for the contract. With shares around $565, shares would need ...
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Insider Trading Report: Corning (GLW)
Roger Ferguson, a director at
Corning (GLW), recently bought 1,399 additional shares. The buy increased his holdings by nearly 52 percent, and came to a total purchase price of just under $43,000. This marks the first insider buy in three years, and as shares are at a multi-year high. Prior insider activity shows a deluge of sales from company executives. This is the first insider activity from any director in the past three years as well. Overall, company insiders own 9.7 percent ...
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Corning (GLW), recently bought 1,399 additional shares. The buy increased his holdings by nearly 52 percent, and came to a total purchase price of just under $43,000. This marks the first insider buy in three years, and as shares are at a multi-year high. Prior insider activity shows a deluge of sales from company executives. This is the first insider activity from any director in the past three years as well. Overall, company insiders own 9.7 percent ...
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Unusual Options Activity: Next Era Energy (NEE)
Utility giant
Next Era Energy (NEE) has seen shares slide to a price point where it’s bounced higher on previous occasions the past few months. One trader sees that happening again. That’s based on the August $75 calls. With 92 days until expiration, over 6,020 contracts traded from a prior open interest of 178, for a 34-fold rise in volume. The buyer of the options paid about $2.15 to make the trade. With shares down near $72.50, the option is just slightly out-of-the-money ...
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Next Era Energy (NEE) has seen shares slide to a price point where it’s bounced higher on previous occasions the past few months. One trader sees that happening again. That’s based on the August $75 calls. With 92 days until expiration, over 6,020 contracts traded from a prior open interest of 178, for a 34-fold rise in volume. The buyer of the options paid about $2.15 to make the trade. With shares down near $72.50, the option is just slightly out-of-the-money ...
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Insider Trading Report: Ampco-Pittsburgh (AP)
Samuel Lyon, a division president at
Ampco-Pittsburgh (AP), recently bought 6,000 more shares. The buy increased his stake by 9.5 percent, and came to a total price of just over $34,000. This is the first insider activity of the year. Over the past three years, company insiders have been a mix of buyers and sellers. There were some large-scale buys in 2018 and 2019 when shares dove to a multi-year low. Overall, company insiders own nearly 28 percent of shares. The company ...
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Ampco-Pittsburgh (AP), recently bought 6,000 more shares. The buy increased his stake by 9.5 percent, and came to a total price of just over $34,000. This is the first insider activity of the year. Over the past three years, company insiders have been a mix of buyers and sellers. There were some large-scale buys in 2018 and 2019 when shares dove to a multi-year low. Overall, company insiders own nearly 28 percent of shares. The company ...
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Time to Buy This Failed IPO?
When a company makes its initial public offering, it’s designed to go higher in the first few trading days. This creates a sense of momentum. And when that doesn’t happen? It’s even called a failed IPO.
Coinbase (COIN) is the latest company to face a failed IPO. Of course, the company made a direct listing allowing insiders to cash out rather than raise money. But now, the company is looking to raise capital… by raising debt. Shares traded lower on the news ...
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Coinbase (COIN) is the latest company to face a failed IPO. Of course, the company made a direct listing allowing insiders to cash out rather than raise money. But now, the company is looking to raise capital… by raising debt. Shares traded lower on the news ...
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Streaming War Battles Point to Oversold Value
AT&T (T) shares first rallied on Monday on news the company was splitting off its media assets. However, shares closed the day lower as traders saw what looked like a poor deal for the company. While that’s likely to weigh on shares, other media plays are starting to look more attractive as a result. That could lead to better returns, particularly for some of the more beaten-down names in the space. With AT&T moving from a 5 percent gain to a ...
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Insider Trading Report: The St. Joe Co (JOE)
Jorge Gonzales, President and CEO of
The St. Joe Co (JOE), recently picked up 1,000 shares. The buy increased his holdings by nearly 5 percent, and came to a total price of just under $42,000. This marks the first insider buy of 2021. A fund with a large ownership stake has been a seller this year. Looking at the past 3 years, C-suite executives and directors have only been buyers of shares. Overall, company insiders own about 7 percent of shares. The ...
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The St. Joe Co (JOE), recently picked up 1,000 shares. The buy increased his holdings by nearly 5 percent, and came to a total price of just under $42,000. This marks the first insider buy of 2021. A fund with a large ownership stake has been a seller this year. Looking at the past 3 years, C-suite executives and directors have only been buyers of shares. Overall, company insiders own about 7 percent of shares. The ...
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Unusual Options Activity: Tilray (TLRY)
Cannabis stocks exploded higher at the start of the year and have now given up their gains.
Tilray (TLRY), for instance, started the year under $10, spiked to $60, and has now lost most of its value to trade at $15. One trader sees a rebound ahead. Over 2,970 contracts traded on the August $30 calls, a 21-fold rise in volume from the prior open interest of 141. The buyer paid about $0.58 for the options, which will require shares to about double ...
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Tilray (TLRY), for instance, started the year under $10, spiked to $60, and has now lost most of its value to trade at $15. One trader sees a rebound ahead. Over 2,970 contracts traded on the August $30 calls, a 21-fold rise in volume from the prior open interest of 141. The buyer paid about $0.58 for the options, which will require shares to about double ...
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