The Three Most Important Steps for Trading Success (You Won’t Get Anywhere Else)
There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
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Insider Activity: Roadrunner Transportation Systems (RRTS)
Fund with major ownership adds to stake.
Investment fund Elliott International bought 6,529 shares of
Roadrunner Transportation Systems (RRTS), shelling out over $64,000 to make the trade. A mere 0.3 percent increase in holdings, Elliott now owns over 23,227,100 shares, a stake worth more than 10 percent of the company. Elliott has been an active buyer of shares throughout the year, at prices as much as 25 percent higher than where shares currently trade. There has been only one insider sale ...
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Unusual Options Activity: Amazon (AMZN)
Big bet on shares heading higher by November.
The November 15th $1,770 call options on
Amazon (AMZN) saw over 2,042 contracts trade against a prior open interest of 147, a 14-fold surge in volume. With each option contract representing 100 shares, each option essentially controls $177,000 worth of shares. With Amazon shares around $1,775, the options are $5 in the money. Trading around $80, or $8,000 per contract, shares would need to top $1,850 for the trade to close in-the-money in the next ...
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Unusual Options Activity: Bank of America (BAC)
Bet on drop in bank shares in next two years.
The January 2022 $30.00 put options on
Bank of America (BAC) saw over 3,000 contracts trade against a prior open interest of 108, a 28-fold surge in volume. With shares trading right around $30, the put option is at-the-money, can could move dollar for dollar with shares during a decline at any point before expiration in the next 851 days. A trader making this bet may be hedging a large financial position, or betting ...
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Insider Activity: Destination XL Group (DXLG)
President and COO pick up shares at clothing retailer.
Harvey Kanter, President and CEO of
Destination XL Group (DXLG), picked up 20,000 shares recently, increasing his stake in the company by 200 percent at a cost of $27,800. He was joined by COO Brian Reaves, who bought 21,735 shares, increasing his stake by 19 percent, and who paid just under $30,000. Other insiders have been buyers of the company in the past year, and zero insiders have been sellers. Destination XL operates as a ...
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A Simple Way to Repeatedly Bank Profits From Smaller Companies
There are a lot of ways to make money in the market. But even if you find that rare company that can move ten-fold and provide one of the best profits of your lifetime, that will take time.Most investors get impatient. Trading Tips’ Andrew Packer explains why you should be looking at blue-chip bargains ...
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Insider Activity: Scientific Games Corporation (SGMS)
Billionaire investor adds to stake.
Ronald Perelman, billionaire investor, added 100,000 shares of
Scientific Games Corporation (SGMS), recently. The buy increase his stake by 0.27 percent, and cost $2.2 million. Perelman now owns over 36.5 million shares of the company, and holds more than 10 percent of shares. Perelman has been a buyer in the past year, often at prices as much as 50 percent higher than where shares of the company currently trade. In that timeframe, only one insider has made a ...
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Unusual Options Activity: Philip Morris (PM)
Cigarette company shares may be due for a rally.
The October 11th $74 call options on
Philip Morris (PM) saw heavy trading, with over 2,500 contracts trading against a prior open interest of 109, for a 23-fold gain in volume. With shares of the company around $72, shares will need to rise by nearly 3 percent in the next 21 days to trade in-the-money at expiration. The buyer paid $0.55 per option on average, meaning shares will need to trade closer to $74.50 ...
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