May 30, 2024 9:03 AM | 2 min read
27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
The Dow Jones Index closed down more than 400 points on Wednesday. Insiders buying or selling stocks indicates confidence or concern about a company’s future prospects. Investors and traders interested in penny stocks can factor this into their overall investment or trading decisions.
Below are some recent noteworthy insider trades in penny stocks: Visit Benzinga’s Insider Trading Platform to learn more.
Fathom Holdings
- Client: Fathom Holdings Inc. (NASDAQ:FTHM) Director Scott N. Flanders bought a total of 3,766 shares at the average price of $1.71, costing him approximately $6,428 to acquire these shares.
- what’s happening: On May 28, Fathom Holdings appointed John Gwynn as its new COO.
- Fathom Features: Fathom Holdings Inc is a technology-driven nationwide real estate services platform leveraging its proprietary cloud-based software, intelliAgent, to integrate residential brokerage, mortgage, title, insurance and software-as-a-service for brokers and agents.
Petco Health & Wellness Company
- Client: Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Director Cameron Breitner acquired a total of 750,000 shares at an average price of $3.14. It cost him approximately $2.35 million to acquire these shares.
- what’s happening: On May 22, Petco reported better-than-expected first-quarter results.
- Petco Health and Wellness Activities: Petco Health and Wellness Co Inc is a pet health and wellness company focused on improving the lives of pets, pet owners and approximately 1,423 pet care center partners by offering pet care products such as puppy food, treats, nutrition and supplies through its retail stores and online platforms.
Check it out: Top 3 technology and communications stocks that could surge this quarter
Vernet X Holdings
- The deal: Vernet X Holdings (NYSE:VHC) President and CEO Kendall Larsen acquired a total of 1,000 shares at an average price of $4.14. Insiders spent approximately $4,144 on purchasing these shares.
- what’s happening: On April 22, VirnetX Holding announced that it had established an advisory committee composed of four retired senior U.S. Air Force officers.
- VirnetX Holding’s activities: VirnetX Holding Corp is engaged in the business of commercializing its patent portfolio.
Vivacol
- The deal: Vivacol Co., Ltd. (NASDAQ:VIVK) CEO James H. Ballengee acquired a total of 87,402 shares at an average price of $1.29. Insiders spent approximately $113,143 purchasing these shares.
- what’s happeningOn May 9, Vivakor again came into compliance with Nasdaq’s minimum bid price requirements.
- Vivakor FeaturesVivakor Inc is a socially responsible company engaged in the operation, acquisition and development of technologies and assets in the oil and gas industry, and related environmental solutions.
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27% gain every 20 days?
This is what Nick Shine does on average with his options buying. Instead of selling covered calls or spreads, he buys options. Most traders don’t even win 27% of their options buying. He wins 83%. This is how he does it.
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