CEO makes million-dollar buy.On Thursday, G-III Apparel Group CEO Morris Goldfarb bought 40,000 shares of his own company. Besides increasing his total stake to over 3.9 million shares, the $26.47 price per share means he spent over $1.05 million picking up shares of the firm. This follows on a previous purchase by Goldfarb back on June 13th. Then, he picked up 40,479 shares, paying $1.02 million. G-III Apparel designs, sources, and markets apparel for men and women. It operates in wholesale and retail operations. The company manufactures under proprietary brand names and licensed names ...

Big bet auto parts supplier will decline.A sizeable bet is being made on a double-digit drop in shares ofTenneco (TEN) between now and January. On Friday, nearly 3,000 contracts traded on the $9.00 put option on the company. With shares at $9.50, the option is a bet that shares will decline. Based on the price of the option around $1.45, shares will need to trade around $7.50 by January for the option to be worth at least as much as it is today. Tenneco designs, manufactures and sells automotive parts for light vehicles and commercial trucks to customers worldwide. It makes a number of p...

Big bet retail chain will continue dropping after earnings miss. Shares of retail outletBed Bath & Beyond (BBBY) dropped by over 8 percent on Thursday, following poor earnings and poor guidance. But traders are betting on even further weakness in shares in the coming months. One option was the November $11 puts on the company, which saw over 10,000 shares trade against a prior volume of 1,100. With shares now under $10, it’s an in-the-money trade that should move penny-for-penny with a decline in shares. Bed Bath and Beyond operates a chain of retail stores and uses a business pla...

Executive Chairman makes $21.7 million buy.On Wednesday, Executive Chairman David Smith bought 395,000 shares of the company he runs,Sinclair Broadcast Group (SBGI). The total cost to buy those shares came in just over $21.7 million. It also raises his total share could to just over six million shares, representing about an 8 percent increase in his total stake. Smith is a major holder with over 10 percent of the company as well. Sinclair operates a television broadcasting company, with over 191 stations in 89 markets with 605 channels. The company is moving to increase its presence in t...

Big bet hotel chain will rally into 2020.The hospitality industry has faced some significant headwinds in recent years, but that’s not stopping one trader from betting on a rally inHost Hotels & Resorts (HST). On Wednesday, over 10,500 contracts of the January 2020 $20 calls on shares traded hands. That represents a 31-fold increase in volume on the contract. With shares around $18, the move is a bet that shares will move at least 10 percent higher by the time the option expires in mid-January. Host Hotels owns high-end luxury brands, under such names as Marriott, Hyatt, Fairmont, Ri...

Activist investor adds $2 million to existing stake. On Tuesday, activist investor Ron Perelman revealed the additional purchase of 1.2 million shares in a company he already owns more than 10 percent of,vTv Therapeutics (VTVT). Perelman now owns over 20.2 million shares of the company. The shares were purchased at an average price of $1.65, but shares currently trade around $1.45, so anyone looking to piggyback on the billionaire investor can get a bargain here. The company may not be for all investors, however. With only an $80 million market cap, shares will be volatile. And vTv is...

Majority owner and manager adds to stake.On Monday, iStar, the majority owner ofSafehold (SAFE), added to their stake. As the majority owner of the company already, and the manager of Safehold, the move is an indication that shares of the company remain undervalued. iStar picked up an additional 15,000 shares, representing a cost of about $468,000. This buy leaves iStar with over 20.6 million shares of Safehold. The buys occurred with shares at a 52-week high, another unusual sign but another vote of confidence in shares heading even higher. Safehold is a unique company. It provides g...

Big bet on massive rally in energy company.While the summer is typically a slow season for stocks, one trader is betting on a big move in shares ofHess (HES). With shares currently around $61, there’s been a surge in trading on the January 2020 $80 calls, indicating a 30 percent upside in shares between now and January. Over 16,000 of those contracts traded on Tuesday, about a 20-fold increase in volume for prior trading. Hess is an explorer and producer of oil and natural gas, with over 1,192 million barrels of oil equivalent in reserves.Action to take: With energy prices looking lacklu...