Tuesday, July 14, 2020
Another week, another record high for Tesla (TSLA), which continues to be on a tear. Electric vehicle companies have been the most popular picks for investors lately, led by TSLA. The electric vehicle powerhouse has gone from $1,000 per share to over $1,500 in just a few weeks. The euphoria surrounding the industry is partly […]
![[Video] ABC, MCK, OMI Deliver Growth From the Healthcare Supply Chain](https://www.investorsalley.com/wp-content/uploads/ecg-1953179_640-300x200.jpg)
In the world of business, well-known companies are often in competitive industries, where it may be challenging to stay competitive and profitable. Behind the well-known companies will be suppliers. The supplier world often produces more predictable profits. Consider the extreme case of Tesla (TSLA). The electric car manufacturer has never reported a profitable quarter. It […]
There was a fair amount of options action ahead of the long holiday weekend. A massive amount of puts traded in the financial sector, more specifically, on the Financial Select Sector SPDR ETF (XLF). Some of the large trades could be setting up a hedge against downside risk through August. One interesting trade in XLF […]
The market is experiencing a resurgence of volatility, adding to the already very active options market. Last week, the bears finally caught up to Facebook (FB). The social media platform’s share price dropped 8% in one day, with options trading over 1 million contracts. The selloff came courtesy of Verizon (VZ), which decided to pull […]
Options activity has been brisk lately, with traders showing concern over the recent news of COVID-19’s resurgence in several warm-weather states. Cruise line stocks had recovered quite a bit in recent weeks, but could be in trouble again in the coming weeks. It now looks like US cruises won’t resume until September, with data showing […]
Hertz Global (HTZ) declared bankruptcy and received a delisting notice for its stock last week. Nevertheless, the options activity on HTZ has been through the roof. It seems day traders are enjoying the action with both calls and puts trading briskly. One day last week, over 440,000 options traded in HTZ, mostly in small-lot trades. […]
Stocks rallied sharply last week on better than expected May job numbers. Some of the most beaten down stocks from March saw the biggest gains. Companies like airlines, car manufacturers, and banks saw the most bullish action in the options market. General Electric (GE) is a company that was hit pretty hard in March and […]
After earnings last week, there was quite a bit of options action in Costco (COST). With the pandemic in full swing, COST has performed better than many retail stocks due to the nature of its business. That is, bulk buying is exactly what people were looking for during a prolonged period of being stuck at […]
Looking at options block trades can be a useful way to see what big investors and funds are doing in the options market. Recently, a large trader bought 2 million shares of Bank of America (BAC) while selling 20,000 January calls at the same time. This is likely a covered call trade and suggests that […]
Precious metals are generally used as defensive assets in times of uncertainty. This has certainly been true of gold in recent weeks. Now, it looks like silver may finally be joining the party. Silver prices jumped last week, with the iShares Silver Trust (SLV) moving up 5% in one day. With $7 billion in assets, […]
