Options Research
Size Put Sale Bullish Small Cap Biotech with Transformative Therapy
Akero Therapeutics (AKRO) with a strong four-week bounce and shares are +61% YTD with the rising 200MA offering strong support in April, a stock that soared to start the year. AKRO on 5/1 with a trade that sold 2870 August $45 puts to open for $1.75M, a big vote of...
Unusual Call Buy in Healthcare Large Cap
Steris (STE) on 5/1 with an unusual buy of 500 June $230 calls for $325,000 in a name without much open interest that will report on 5/14. STE shares are +9.3% YTD and recently bottomed at the rising 200-week EMA, something shares have done four times over the last...
Relative Strength Beverage Name On Verge of Major Breakout
Monster Beverage (MNST) shares remain quite strong relative to markets and nearing a breakout to 52 week highs above 60 ahead of earnings later this week so potential to clear resistance for a run into the report. MNST has a very bullish weekly chart as well and the...
Earnings Preview and Strategy – Advanced Micro (AMD)
Advanced Micro Devices (AMD) is reporting earnings on 5/6 after the market closes and the Street is looking for $0.94 EPS on revenues of $7.12 billion. Shares closed lower 6 of the last 8 reports with a median closing move of -6.64% and an average 8 quarter max move...
Inisders Buy the Dip in High Growth Aviation Industrial
FTAI Aviation (FTAI) saw a few notable insiders buying on 5/2 as its CEO bought 3000 shares at $94.54 for a total of $284K and the COO buying 6580 shares at $94.85 for $624K and over $900K in combined purchases. These are the first insider buys in the name since late...
Bull Put Spreads in Oversold Homebuilder with Short Puts in OI
Lennar (LEN) has started to bottom out with peers after a ugly slide the past few months and now looks to be building a floor between 100-110 and seeing a 8/21 EMA bull cross shifting momentum higher. A builder that could bounce back quickly to the 120 level with a...
Quick Weekly Breakout Trade in China Tech Leader
Baidu (BIDU) shares of the China internet name are bull flagging near 90 after the recent 8/21 EMA bull cross and jumped Friday to close just above the YTD VWAP. A quick trade above 90 could push towards 95 where the VPOC from last month sits as a target. BIDU has...
Bullish Open Interest Builds in Defensive Wireless Name
Verizon (VZ) shares of the wireless leader are forming a bull wedge right near the one year value area high of 44 with a MACD bull cross triggering into the new month and potential to breakout quickly back to the highs near 46-47. A slower mover but options are quite...