Small Cap Research
Unusual Put Sales in Specialty Materials Play with Exciting New Business
Rayonier (RYAM) in late March saw opening sales of 3500 August $6 puts, 1300 November $6 puts and 5000 April $6 puts which are mostly underwater at current prices. RYAM shares are -40% YTD and have pulled back to near long-term VPOC support at $4.25. RYAM manufactures...
Small Cap Data Center Power Supplier with Upside Optionality
Hallador Energy (HNRG) with an unusual options trade on 4/7 as 4500 December $6 puts sold to open $0.50 to buy 4500 of the $12/$20 call spreads at $1.70, net $1.20 debit for the bull spread with a $13.20 break-even and shares trading at $10.35. HNRG has quietly been...
Small Cap Cashless Payment Play an Attractive Grower
Nayax (NYAX) is a new Tech name that hit a value screen recently and also shows impressive relative strength with shares +18% YTD, so time to take a closer look at the Israeli company. NYAX is a prime beneficiary of the proliferation of cashless and self-service...
A Small Cap Differentiator in Medicare
Alignment Health (ALHC) stands out in an ugly market with shares higher by 60% YTD and also with recent buys of 6000 May $17.50 calls that are already +55%. Alignment Healthcare, Inc. operates a consumer-centric healthcare platform for seniors in the United States. It...
Calls Speculate on Future LNG Facility
NextDecade (NEXT) on 3/24 with unusual buys of 10,000 April $10 calls $0.35 to $0.45 and still has the 30,000 April $8 calls bought in late February in open interest as well as 6000 January 2027 $5 calls bought in October 2024 and a buyer of 4000 January 2027 $15...
An Attractive Small Cap YieldCo Renewables Company
Clearway Energy (CWEN) started Buy at Deutsche Bank and have to be impressed how well shares have held up at +15% YTD and +40% over the past year despite the renewable energy group being battered. CWEN operates through Flexible Generation and Renewables segments. Its...
Small Cap RCM Provider Transformation Gains Momentum
TruBridge (TBRG) has been on my list to write all year and shares now up 40.5% and showing impressive relative strength just consolidating as the market has derisked. TBRG is unfamiliar due to a name change but operates in a segment that has seen consolidation making...
Bull Spreads Position for Upside in Optical Retailer
National Vision (EYE) this week has seen spreads sell 12,000 July $10 puts to open and buy 12,000 of the $15/$20 call spreads with shares trading near $12.50. EYE is actually trading near a 6-month high and shown some relative strength. National Vision Holdings...
Attractive Small Cap Cloud Communications Company
Ooma (OOMA) provides communications services and related technologies for businesses and consumers with products that include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless...
A Compelling Small Cap Midstream Investment
Summit Midstream (SMC) shares are down 15% this morning but remain nearly flat YTD and screens as an intriguing value in a hot midstream industry. Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets...