Wednesday, April 24, 2024
On a slow day for options trading, Globalstar (GSAT) traded over 200,000 contracts, or 31x its normal volume. The satellite communications company experienced volatile trade as investors awaited news of a deal with Apple (AAPL). GSAT will be providing satellite communication capabilities with some new AAPL products. At least one of the largest GSAT block […]
Popular chipmaker Nvidia (NVDA) saw its share price drop nearly 8% in a day last week. News came out that the company wouldn’t be able to export some chips to China. A trader used the opportunity to buy over $4 million worth of April 2023 puts. Although this was a very large put purchase, it’s […]
Snap (SNAP) is a popular social media company that has struggled in recent months. The company recently announced it would be cutting 20% of its workforce, which sent the share price up about 9% at the time. A strategist used the opportunity to place what looks like a long-term covered call. It was a 5,000-lot […]
If you want to stop worrying about using the wrong trading strategy… picking good stocks… and this unpredictable market… Then you need this brand new trading plan. You see, The Wall Street Journal reports, “This Could be a Lost Decade for Stocks.” And many options traders will be left in the dust! That’s because most […]
The share price of Peloton (PTON) has taken a massive beating after being a darling of the Covid era. The exercise bike maker has struggled to appease investors as sales growth has slowed. However, investors liked a new deal between PTON and Amazon (AMZN) last week, which sent the shares up 20%. A bullish block […]
About as big of an options trade as you’ll ever see hit the tape last week in Petrobras Brasileiro (PBR). This trade appears to be a put spread executed 150,000 times, expiring in October. The trader spent about $12 million in premiums to buy the put spread. This position may be a hedge for an […]
This article could save you a lot of money… Because one of the biggest mistakes options traders make is trading the wrong stock at the wrong time. If you’ve run into this problem, you know how frustrating it can be. To have all the stars aligned for a winning trade… only to discover one crucial […]
This strategy is… Selling Covered Calls. My readers and I enjoyed a 95% win rate on 47 trades last year because covered calls can be incredibly low-risk when done correctly. Lots of folks have a hard time believing my 95% win rate. So here’s my full trading record: If you look close, you’ll notice that […]
The last thing you need is more doom and gloom when it comes to the stock market. So if your trading account has taken a beating this year… I have some good news for you. I know it may sound hard to believe… After all, The Wall Street Journal and many other sites predict a […]
For this week’s intriguing options block trade, we’re looking at a massive trade put on in Warner Brothers Discovery (WBD). The trader or fund manager appears to have sold a huge call position that is potentially being used to finance (part of) an even bigger put position. This type of strategy is called a collar, […]
