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Tony Zhang's MGM Resorts Trade
Sunday, May 16, 2021 - 4:50pm | 195Read More...On CNBC's "Options Action," Tony Zhang said there has been a lot of optimism and strength around casinos and sport betting companies, but it is time to start fading some of that strength. He suggested a bearish options strategy in MGM Resorts International (NYSE: MGM). The stock has...
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Tony Zhang Sees Unusual Options Activity In ARK Innovation ETF
Friday, May 14, 2021 - 7:23am | 143Read More...On CNBC's "Options Action," Tony Zhang spoke about unusual options activity in ARK Innovation ETF (NYSE: ARKK). The ETF traded almost 20% lower in the last three weeks and during the sell-off, on Thursday, the options volume was four times the average daily volume, said Zhang. He saw a fairly...
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Tony Zhang Sees Unusual Options Activity In Peloton
Thursday, May 6, 2021 - 8:36am | 212Read More...On CNBC's "Options Action," Tony Zhang spoke about unusually high options activity in Peloton Interactive Inc (NASDAQ: PTON). More than $4 billion of Peloton's market cap was wiped out on Wednesday on the news of the treadmill recall. The company is also scheduled to report...
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Tony Zhang's Nio Options Trade
Monday, April 26, 2021 - 6:56am | 164Read More...On CNBC's "Options Action," Tony Zhang said Nio Inc - ADR (NYSE: NIO) was a poster EV stock last year, but it had a pretty significant pullback this year. He sees the pullback as a buying opportunity going into earnings on Thursday. The stock broke below the $56 resistance level...
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Tony Zhang's Intel Trade Heading Into Earnings
Sunday, April 18, 2021 - 3:47pm | 298Read More...On CNBC's "Options Action," Tony Zhang said he wants to sell the recent strength in Intel (NASDAQ: INTC). He noticed a double top formation on its chart as the stock got rejected at $68 last week and he also sees some fundamental issues. When you look at Intel relative to its sector,...
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Tony Zhang Sees Unusual Options Activity In Coca-Cola
Friday, April 16, 2021 - 6:58am | 121Read More...On CNBC's "Options Action," Tony Zhang said that he saw a fairly unusual float in The Coca-Cola Company (NYSE: KO) on Thursday. It trades about 53,000 contracts a day, but on Thursday more than four times more calls than puts were traded, added Zhang. During the session, he...
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Why 'Options Action' Traders See Opportunity For VIX Trade
Sunday, April 11, 2021 - 8:46am | 206Read More...On CNBC's "Options Action," Mike Khouw spoke about a bullish options trade in VIX futures. He said the VIX and S&P 500 are "anti-correlated" as one goes down when the other goes up. So when you make a bullish bet on VIX, you are betting that the S&P 500 is going to...
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Tony Zhang Sees Unusual Options Activity In XLE
Thursday, April 8, 2021 - 11:02am | 126Read More...On CNBC's "Options Action," Tony Zhang said he saw some unusual activity in Energy Select Sector SPDR Fund (NYSE: XLE) on Wednesday. It usually trades fairly actively, with an average volume of around 210,000 contracts per day, but on Wednesday, it was pretty quiet as only a little...
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Tony Zhang On How To Play Pullback In Wynn Resorts As A Reopening Trade
Sunday, March 21, 2021 - 6:18pm | 140Read More...On CNBC's "Options Action," Tony Zhang said he wants to take a look at this week's pullback in Wynn Resorts, Limited (NASDAQ: WYNN) as a way to get in on the reopening trade. The stock has been an underperformer since 2018, but over the past four weeks, it started to break above...
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Tony Zhang's 'Iron Condor' Trade On Lowe's
Sunday, March 7, 2021 - 7:02pm | 194Read More...On CNBC's "Options Action," Tony Zhang said the home improvement space remains one of the strongest categories of consumer spending and he sees the poor performance of Lowe's Companies Inc (NYSE: LOW), since it reported earnings, as an opportunity to play for a bounce....
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Tony Zhang's Apple Trade
Sunday, February 28, 2021 - 1:36pm | 165Read More...On CNBC's "Options Action," Tony Zhang suggested investors should consider a bullish options trade in Apple Inc (NASDAQ: AAPL). The stock is trading near a multi-month support level and the risk-reward on absolute and relative basis favors the long side, said Zhang. See also: How...
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Tony Zhang Has A Hilton Hotels Trade As Investors Take New Look At Travel Stocks
Sunday, February 21, 2021 - 3:24pm | 137Read More...Tony Zhang of OptionsPlay said on CNBC's "Options Action" there is a lot of interest in travel stocks right now. He wants to buy a call spread in Hilton Hotels Corporation Common Stock (NYSE: HLT) to get some exposure in the sector. The Dow Jones U.S. Hotels Index has just started to...
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Tony Zhang's Options Strategy For NVIDIA
Sunday, February 14, 2021 - 10:24am | 170Read More...On CNBC's "Options Action," Tony Zhang suggested that investors should consider a bullish options strategy in NVIDIA Corporation (NASDAQ: NVDA) ahead of earnings, scheduled for February 24. He sees significant upside potential for the stock as it started breaking out on the upside...
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Tony Zhang Has A Bullish ETF Options Play For The Volatile Cannabis Space
Sunday, February 14, 2021 - 10:16am | 147Read More...On CNBC's "Options Action," Tony Zhang spoke about a bullish options trade for the cannabis sector. It had a pretty volatile week and for investors who are looking for some of that action, Zhang sees ETFMG Alternative Harvest ETF (NYSE: MJ) as a way to get exposure. The implied...
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Tony Zhang's Bullish MGM Resorts Options Trade
Monday, February 8, 2021 - 8:10am | 198Read More...Tony Zhang of OptionsPlay suggested on CNBC's "Options Action" that investors should consider a bullish options trade in MGM Resorts International (NYSE: MGM) ahead of earnings. The company is going to report earnings on Wednesday and Zhang is looking for a breakout to $38. The...
