Trading Tips Blog

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 ...
Read More About This

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 ...
Read More About This

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 ...
Read More About This

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 ...
Read More About This

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 ...
Read More About This

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 ...
Read More About This

In-the-money call option suggests further gains for shares.
The November 2019 $165 call options on
Nvidia (NVDA) saw over 3,300 contracts trade against a prior open interest of 281, making for a 12-fold increase in volume. With shares of the company currently trading at $180, the contracts are already $15 in-the-money. With the contract trading around $21, shares of the company need to rise at least another $6 for the call buyer to break-even on the trade before the option expires in 57 ...
Read More About This

Multiple insiders buy at beleaguered retailer.
Dinesh Lathi, President and CEO of
Tailored Brands (TLRD), bought 15,000 shares recently. So did director Theo Killion on the same day. Both paid around $4.60-$4.80, slightly above where shares now trade at $4.55. Both paid around $70,000 for that stake, and both increased their total ownership in the company by over 33 percent. Tailored Brands, owner of retailers Men’s Wearhouse and Joseph A. Bank, has seen shares drop 82 percent in the past year on slow sales. The ...
Read More About This