Trading Tips Blog

April 2020 put buying suggests further pain for shares.
The April 2020 $6 put options on
Deutsche Bank (DB) saw over 5,600 contracts trade, an 11-fold increase over the prior open interest of 526. With 190 days until expiration, the trade will move in-the-money if shares fall just $0.90 from their current price of $6.90, or about 15 percent. With shares trading as high as $11.50 in the past year, shares have been nearly halved, and this option trade is a bet ...
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Major owner $140,000 additional buy.
James Filler, a major owner at
Century Bancorp (CNBKA), added 1,612 shares to his stake lately. This brought his total ownership up to 725,341 shares, and he paid nearly $140,000 to make the trade. This follows up from a 1,044 share buy he made last month, and other insiders have been buyers of shares near recent prices for the regional bank as well. There have been no insider sales in the past three years. Shares of the bank ...
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Surge in October 25th call options.
The October 25th $4 call options on
Yamana Gold (AUY) saw trading of over 2,950 options contracts against an open interest of 254. That 11-fold surge in volume indicates that at least one trader is betting on higher gold prices this month. With 16 days until expiration and with shares around $3.50, shares of the gold miner would need to rally at least 14.5 percent for the option to trade in-the-money. With the option trading at just ...
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Call option buys indicate higher move ahead.
A number of options plays on
Analog Devices (ADI) occurred with unusual volume. The November 15th 2019 $115 calls saw over 4,500 contracts trade, a 40-fold surge in volume from the prior open interest of 113. With shares just under $113, shares need to move about $2 higher, or 1.8 percent, in the next 38 days for these options to move in-the-money. The expiration is right before the company next announces earnings in late November. The semiconductor ...
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Major owner makes $1.4 million buy.
Outerbridge Master Fund, a major holder in
Barnes & Noble Education (BNED), picked up nearly 476,000 shares recently, increasing their holdings by over 8 percent. The buy also raised their total share count to 6,396,895 shares. At a price of $3.01, the purchase came to just over $1.4 million, and is the fund’s third buy in the past three weeks. Corporate insiders have both bought and sold shares year-to-date. However, the bulk of sales occurred from a ...
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Chief quality officer makes $71,000 buy and fund adds 1.5 million shares.
Bryan Ball, Chief Quality Officer at
Immunomedics (IMMU), bought 5,000 shares, paying around $71,000 to do so. This doubles his stake, following a similarly-sized buy back in June. Besides insider buying by officers, a number of funds have been accumulating shares as well, including a 1.5 million share buy by Avoro Capital Advisors in early October. The fund now owns over 21 million shares, or about 11 percent of the total ...
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60-fold surge in call-buying volume.
With 8,900 contracts trading on the November 1st $29 call options on
MGM Resorts International (MGM) saw a 60-fold surge in volume from its prior open interest of 150 contracts. With 25 days left to go, and with shares just over $27, the option trade will expire worthless unless shares rise to at least $29, or 7.4 percent. With the company reporting earnings the last week of October, shares could have a big enough bounce to move in-the-money. Read More About This

Director makes million-dollar buy.
Director James Star of
Chewy Inc (CHWY) bought 41,521 shares recently, increasing his stake by 83 percent. At a cost just under $24 per share, the buy came to $994,000. This is the second insider buy at the company since it went public from PetSmart back in June. Since the IPO, no insiders have sold shares, and the insider who did sell shares at the IPO was a fund, not a member of the corporate staff or board. Chewy ...
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