ARTICLES

Chief Investment Officer buys $4.6 million in shares so far this month. Andrew Feldstein, Chief Investment Officer at Assured Guarantee Limited (AGO), has been buying shares this month in four separate transactions. Each has been for at least 23,000 shares, and in total he has bought 105,700 shares so far this month. The total cost for each transaction has exceeded $1 million, and he has spent over $4.6 million total so far. Other insiders have largely been sellers this year, but in far smaller share amounts. Assured Guaranty offers credit protection and financial guaranty insurance globally, including debt obligations like US municipal ...
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Major fund holder continues to add to stake. iStar Inc. continues to add to its stake in Safehold (SAFE). The fund recently picked up 22,361 shares, shelling out $771,000 and increasing its total stake to 27.2 million shares. That’s the fund’s fourth buy month-to-date, which includes a total of more than 52,000 shares then as well. All told, the fund has been a steep buyer at prices as much as 21 percent higher in the past few months. Safehold specializes in ground leases to help property owners unlock higher values from their real estate holdings with less risk. The company is structured ...
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Trade war resolution could cause these companies to rally. While the overall stock market may be making a run to a new all-time high, this time is different. Companies that helped fuel the market rally and send stocks higher in 2016, 2017 and 2018 are largely absent from the leaderboard this time around. Most of these companies are in the tech space, and some of the biggest laggards have been in the semiconductor space. They make the chips and circuit boards that power today’s technology. With fears of an economic slowdown from the trade war with China, these companies have seen their ...
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June 2020 put buying indicates potential drop expected. The June 2020 $32.50 put options on Altria Group (MO) saw over 4,000 contracts trade against a prior open interest of 400, making for a 10-fold surge in volume. With shares of the company at $43, shares will need to drop 25 percent in the next 247 days for this option to move in-the-money. With a cost of $1.04, or $104 per contract, the put buyer would need shares to drop to $31.50 before making a profit at expiration. Shares of Altria Group have been out of favor this year, sinking from a high ...
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Understanding today’s hot IPO offerings is key to avoiding big losses. 2019 has been the most active years for technology companies going public since 1999. Unlike then, when a company without a solid business model could go public and gain public interest, today’s investors are much warier. They want companies with growth potential and future profits, not wanting to invest in IPOs where early stage investors can cash out ahead of a steep drop in price. Investors who follow just three simple tips can avoid substantial dangers—and ensure better profits. Tip #1: Wait six months before buying. While waiting six months from an ...
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Call buying suggests rally continuing this month. The October 25th $270 call options on Apple (AAPL) saw over 7,200 contracts trade against a prior open interest of 137, a 53-fold surge in volume against the prior open interest. With shares at $236, it’s a bet on shares moving 14 percent higher to move in-the-money before the end of the month, which is unlikely, especially as the company won’t report earnings until October 30th. At a price of just $0.04, or $4 per contract, the option buyer won’t lose much, but a move higher in shares could lead the option to double or triple, ...
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Major holder adds with a $5.1 million buy. Abrams Capital, a major stakeholder in Camping World Holdings (CWH), increased their stake by 12 percent recently, with the additional buy of 650,182 shares. The total cost for that additional stake came to just over $5.1 million, and increases the fund’s total holdings to just over 6.1 million shares. Insider data shows that there have been no insider sales since early 2018, and insiders have been buyers at prices as high as 27 percent higher than where shares currently trade. Shares of Camping World Holdings have dropped over 63 percent in the past year ...
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Casino operator picks up a bull. The March 2020 $110 call options on Wynn Resorts (WYNN) saw over 2,050 contracts trade against a prior open interest of 231, about a 10-fold surge in volume. The bet, which expires in 158 days, is about $1.30 in the money, given the recent share price of $111.30. It should therefore move dollar-for-dollar with shares higher, and could double if shares get to $125.00. If shares get back to their old high of $150, the option would be worth $40, a 220 percent return from the $12.50 option price. Casino operators have been a popular place ...
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