Unusual Options Activity: Occidental Petroleum (OXY)
The energy sector continues to slide lower, and traders are betting that the trend will continue. A number of bearish trades have been made against
Occidental Petroleum (OXY). The most active was the October 30th $10 put. Expiring in just 35 days, shares would need to fall about 3 percent from their current price of $10.30 to move in-the-money. Over 2,153 options traded against an open interest of 111, for a 19-fold rise in volume. The buyer paid about $0.82 per contract, so ...
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Occidental Petroleum (OXY). The most active was the October 30th $10 put. Expiring in just 35 days, shares would need to fall about 3 percent from their current price of $10.30 to move in-the-money. Over 2,153 options traded against an open interest of 111, for a 19-fold rise in volume. The buyer paid about $0.82 per contract, so ...
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Two Media Plays to Consider Now
Activist investors can often point to undervalued companies that need to make a few major changes in order to unlock tremendous value. That’s why the recent purchase by activist investor Nelson Peltz is attracting attention. The latest undervalued find is a company in the media space that also has some legacy operations. Any transformation there that improves profitability could score a huge win for shareholders. The company?
Comcast (CMCSA). Owner of a cable network, over the past decade the company has transformed ...
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Comcast (CMCSA). Owner of a cable network, over the past decade the company has transformed ...
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Insider Trading Report: Broadcom (AVGO)
Henry Samueli, a director at
Broadcom (AVGO), recently picked up 101,740 shares. The buy increased his stake by about 1 percent but came to a whopping $36.7 million thanks to the company’s high share price. This is the second insider buy this month following the 167 share buy from director Raul Fernandez, a purchase that came to over $60,000. Insiders have mostly been sellers this year. Shares of the semiconductor company are up about 30 percent in the past year. The company ...
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Broadcom (AVGO), recently picked up 101,740 shares. The buy increased his stake by about 1 percent but came to a whopping $36.7 million thanks to the company’s high share price. This is the second insider buy this month following the 167 share buy from director Raul Fernandez, a purchase that came to over $60,000. Insiders have mostly been sellers this year. Shares of the semiconductor company are up about 30 percent in the past year. The company ...
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Unusual Options Activity: Snap Inc. (SNAP)
The November 2020 $27 calls on
Snap Inc. (SNAP) saw an 88-fold jump in volume, with over 28,560 contracts trade hands from an open interest of 321. The option, expiring in 57 days, is a bet that shares will rally just under 10 percent from their current price near $25.75. The option buyer paid about $2.29 for the option, so shares would need to trade as high as $29.30 to profit come expiration, a much bigger hurdle. Shares of the social media company ...
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Snap Inc. (SNAP) saw an 88-fold jump in volume, with over 28,560 contracts trade hands from an open interest of 321. The option, expiring in 57 days, is a bet that shares will rally just under 10 percent from their current price near $25.75. The option buyer paid about $2.29 for the option, so shares would need to trade as high as $29.30 to profit come expiration, a much bigger hurdle. Shares of the social media company ...
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Insider Trading Report: Weyerhaeuser Co. (WY)
Albert Monaco, a director at timberland owner and operator
Weyerhaeuser (WY), recently picked up 10,000 shares. The overall stake cost just over $291,000, and more than doubled the director’s stake. This marks the first director buy since March. Over the past year, there have been a number of both buys and sells at the company by C-suite executives as well as company directors. Shares of the company have traded slightly down over the past year. Revenue and earnings are slightly down, but ...
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Weyerhaeuser (WY), recently picked up 10,000 shares. The overall stake cost just over $291,000, and more than doubled the director’s stake. This marks the first director buy since March. Over the past year, there have been a number of both buys and sells at the company by C-suite executives as well as company directors. Shares of the company have traded slightly down over the past year. Revenue and earnings are slightly down, but ...
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Unusual Options Activity: The Walt Disney Company (DIS)
The October $132 call options on
The Walt Disney Company (DIS) saw a massive surge in trade. Over 8,800 contracts traded hands on Tuesday. Compared to the open interest of 155 contracts, the activity represented a 57-fold rise in volume. With shares around $126, the stock would need to rise just under 5 percent in the next 23 days for the option to close in-the-money. The buyer of the options paid around $1.47, so shares would need to rise closer to $133.50 for ...
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The Walt Disney Company (DIS) saw a massive surge in trade. Over 8,800 contracts traded hands on Tuesday. Compared to the open interest of 155 contracts, the activity represented a 57-fold rise in volume. With shares around $126, the stock would need to rise just under 5 percent in the next 23 days for the option to close in-the-money. The buyer of the options paid around $1.47, so shares would need to rise closer to $133.50 for ...
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Two Plays For a Renewed Interest in Cryptocurrency Mining
With the price of Bitcoin still hovering around $10,000, investors and traders alike are increasingly interested in the space. So are cryptocurrency miners, who are still able to eke out a modest profit every day right now. But new graphics processing chips are allowing that profitability to improve. And two competing firms looks like the best place for investors to take advantage of this ongoing trend. The two big players?
Nvidia (NVDA) and
Advanced Micro Devices (AMD). Currently, AMD’s top of the line processing ...
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Nvidia (NVDA) and
Advanced Micro Devices (AMD). Currently, AMD’s top of the line processing ...
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Goldman Sachs Gets Bullish on Two Industrial Giants— Maybe You Should Too
On Monday, Goldman Sachs analysts came out in favor of two large-cap, industrial names to buy now, citing the time was right to buy. Those names?
Boeing (BA) and
Raytheon (RTX). On their face, both look risky. Boeing’s orders have dried up thanks to a drop in air travel. And defense spending could be one of the few areas to be cut should Biden win the November election just weeks away. But on a relative valuation, there is a good argument for higher share prices ...
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Boeing (BA) and
Raytheon (RTX). On their face, both look risky. Boeing’s orders have dried up thanks to a drop in air travel. And defense spending could be one of the few areas to be cut should Biden win the November election just weeks away. But on a relative valuation, there is a good argument for higher share prices ...
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