A surprising outcome for some of my defined-risk long delta trades this week is that my losses weren’t as pronounced as I would’ve expected given the vicious sell-off we’ve seen in many tech names.
The most significant insider buy on today’s list comes via a Form 4 filing by Blue Star Exploration Corp, which purchased $21 million worth of Comstock Resources $CRK.
The stock market likely has a couple of aftershocks left in it. But if the worst is over, I have to believe this is a great opportunity to buy the dip in some names that will be beneficiaries of the AI boom.
The most significant insider buy on today’s list comes via three Form 4 filings by the CEO and president, the CFO, and a director of MGM Resorts International $MGM.
These tapes are a perfect time to hunt for leadership. More often than not, when the tide inevitably shifts back to a buyer-driven market, the assets that showed strength in a weak tape continue to lead.
