Tuesday, January 31, 2023
Netflix (NFLX) missed earnings and was down 35% in just one day last week. That’s a massive amount for a stock that big to be down in a single day, and of course, it came with a huge amount of options action. NFLX options traded nearly 1.5 million contracts, which is over 12x the normal […]
Pay close attention to Nordstrom (JWN). After diving from a November high of $34.65 to a low of $19.39, the retailer is once again skyrocketing—so much so, it could refill its bearish gap around $32.50 a share, near-term. This is all thanks to blowout earnings and a strong outlook. For its fourth quarter, Nordstrom posted […]
Once you start looking for option trades on your own, the most important thing you can do to find trades with triple-digit profit potential is staying up on the news. The market and stocks in general move up and down over time, and the key is to identify these cycles. You will learn to decipher […]
One of the most active options chains last week was in Roblox (RBLX), the popular video game company. RBLX thrived during the pandemic, when it attracted a massive audience (especially among kids). However, with the earnings release last week, it’s apparent that growth has slowed now that pandemic era seems to be coming to a […]
Dear Investor, Recently I heard a TV stock pundit note that ever since Exxon Mobil (XOM) was booted from the Dow Jones Industrial Average, its share price is up over 100%. Meanwhile, the hot tech-sector stock that replaced Exxon is down 21%. This story indicates how often investors don’t take valuation into their investment decision […]
Last week, shares of Meta Platforms (FB) plunged after the company reported worse than expected earnings. In fact, the stock dropped over 26% in one day, the biggest single-day decline in its history. The company missed on revenues, revenue forecasts, and number of users. Despite the huge down day, about 61% of the 2 million […]
On a very busy week for earnings, Alphabet (GOOGL) shares got a huge boost after beating on both the top and bottom line. With the stock up 8% on the day after earnings, most of the options action was in calls. 71% of the options volume was on the call side, which tends to be […]
Shares of Peloton (PTON) hit another fresh 52-week low, with the company’s latest news revealing it would be temporarily halting production of its fitness products. The once-darling of Wall Street has seen its stock price fall from an all-time high of $166.57 to the mid-$20’s, for a decline of 86%. Internal documents from earlier this […]
If you want to spot potential opportunity, pay attention to insider buying. After all, who knows a company better than an insider? In fact, if an executive or board member at a company is buying a sizable number of shares, it’s often a good idea to start looking into why, and perhaps follow them into […]
The coronavirus pandemic isn’t finished with us just yet, but hopefully it’s nearing its end. On Monday, the U.S. reported 1.08 million new cases of COVID-19, according to the Johns Hopkins University of Medicine’s Coronavirus Research Center. “The new daily tally brings the total number of cases confirmed in the U.S. since the start of […]
