Thursday, May 2, 2024
Social media giant Twitter (TWTR) got a massive boost to the share price recently when the news came out that Elon Musk took a 9% stake in the company. He has since been named to the company’s board. Musk has a huge cult-like following, so many investors assume it will be bullish for the stock. […]
Options action returned in a big way last week to the meme stocks, made famous in 2021 through Reddit user groups. The primary platform for trading those meme stocks (and their options) was (and still is) Robinhood (HOOD). The popular mobile brokerage platform has struggled quite a bit since its heyday. However, heavy options activity […]
Although the meme stocks were grabbing the headlines, there was some interesting options activity last week in VanEck Vectors Semiconductor ETF (SMH). SMH is a popular ETF for tracking the chipmaker industry, with over 30,000 options trading per day on average. On a day last week when options activity was 2x the normal amount, 65% […]
There was quite a bit of options action across multiple asset classes last week between the Fed meeting and several key earnings releases. One asset that saw plenty of options activity was gold, particularly SPDR Gold Shares (GLD). GLD tracks physical gold prices and is generally a heavily traded ETF. On a busy day last […]
The popular Cathie Wood ETF, ARK Innovation ETF (ARKK), continued its run in unusual options trading territory last week. ARKK is a popular speculative stock ETF that holds a lot of the buzzworthy names in the tech world such as TSLA, ZM, and COIN. One interesting trade from the week was a very large call […]
