In Tuesday’s Blitz Daily, we take a look at software intelligence company Dynatrace as its stock price continues to slide in November.
For a moment it looked like no one wanted to own shares of Dynatrace — not even the C-suite. Wall Street put shares of the digital analytics company up on the chopping block in recent weeks, with prices taking an 18.8% dive since Nov. 5.
Things went from bad to worse after several top-level executives dumped their stock on Nov. 17 after an SEC filing revealed four board members including CEO John Van Siclen sold about $11 million worth of shares.
With prices closing in on a three-month low, the bulls came in to buy the blood Tuesday! Big traders bought around 20,000 contracts of the Feb. 18, 2022, $65 expiration call options for a jaw-dropping $8 million in options premium!
But if you prefer stocks with a more confident board room, I have two more options trades waiting inside…
- Dynatrace Inc. (NYSE: DT): Feb. 18, 2022, $65 CALL.
- Skechers USA Inc. (NYSE: SKX): Dec. 17 $52 CALL.
- Canadian Solar Inc. (CSIQ): July 15, 2022, $45 CALL.
Check out my short video, and I’ll break down the day’s most unusual options order flow in less than two minutes!
For more guidance through the stock markets and big money trades like these as we head into the new year, check out my Weekly Blitz Alerts strategy!