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Why I’m bullish on Shares of Turning Point Brands Inc. (NYSE:TPB)

Why I’m bullish on Shares of Turning Point Brands Inc. (NYSE:TPB)

Posted On June 5, 2019 2:31 pm
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I’ve written about how I’m not huge on trading off of unusual option activity, as it can be difficult to decipher exactly what might account for the higher volume, such as whether the trade was initiated as a buy or sale? Was it hedging an existing position?  Or if it was simply closing out a current open position?

But, sometimes it’s pretty clear that someone is making a big directional bet, especially if the trade occurs in a less known name that doesn’t typically see much option activity on a day-to-day basis.

Such was the case on… Continue reading on StockNews.com

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Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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