These are the BIGGEST insider moves I am watching this week:

  1. Luminar Technologies Inc (NASDAQ:LAZR)

I saw a big money buyer pick up 30,000 of the September 9, 2022 $7.50 puts for $0.12.

LAZR is currently up on the day, trading at $8.33…

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If you are already short, I’d hold puts here because big money is betting that LAZR is heading lower. 

But listen – LAZR isn’t the only name big money’s trading today.

There’s one stock that’s seeing a ton of speculation…

And another with some serious foreign currency exposure issues.

Here are big money’s biggest bull and bear of the week…

  1. ChargePoint Holdings Inc (NYSE:CHPT)

For a “nothing” stock… we sure can’t stop talking about CHPT.

It has tons of volume trading and a market cap of $4.9 billion…

It is currently up on the day, trading at $15.11, and if momentum holds, we could see a move to $19. 

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I’ve seen multiple big money moves lately betting that CHPT is heading higher. 

One buyer sold calls for this Friday collecting profit and bought the $15-$17 spread for next Friday to buy more time on a move higher. 

Unfortunately most of the trading in CHPT is speculative trading rather than trading based on the asset – it’s not a great look for the name long-term.

You could call it a POS – Piece Of Speculation.

Since IV (RED LINE) is low, it might be a good time to pick up some cheap calls if you agree with big money plays – but don’t stay long for long. 

  1. iShares MSCI Germany ETF (NYSEARCA:EWG)

A trader bought the September $21-$19 put spread 42,500 times, THEN bought even more puts betting EWG will drop. 

There’s a two-headed monster issue with EWG and other ADRs – American Depositary Receipts are U.S. bank-issued certificates representing shares in a foreign company for trade on American stock exchanges.

For one, the actual performance of the currency affects the underlying asset and secondly, the currency exchange issue could exacerbate problems. 

Exposure to both of these could play a part in dragging EWG and other ADRs down. 

EWG is currently trading at $21.55…

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And big money thinks it’s heading lower in the short-term. 

Until next time,

Mark Sebastian


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