Tag: Betting

31 DEC

Traders are betting billions that the hottest stocks of 2017 will get crushed (FB, AAPL, AMZN, GOOG, NFLX)

Chip Somodevilla/Getty Facebook, Apple, Netflix, and Google are high up on the list of S&P 500 companies that investors added the most notional amount of short interest to this year. They’re also among the most heavily shorted right now, according to S3 Partners, a data analytics firm. Short sellers defied the tech rally and increased […]

22 DEC

Betting on Bitcoin: Tim Draper talks ICOs and why Japan will be a winner

Bitcoin has definitely been one of the recurring buzzwords of 2017. Whether you’re a skeptic waiting for the so-called bubble to burst or a firm believer in the cryptocurrency’s potential, it’s there — everywhere. You can now even buy a Lamborghini for about 9 Bitcoins. Top venture capitalists also see its value. Tim Draper, who […]

10 DEC

Betting against bitcoin is about to get a lot more expensive

Lucas Jackson/Reuters The cost of shorting bitcoin could skyrocket once futures trading starts on Sunday, says S3 Partners. The ultra-volatile cryptocurrency has seen massive fluctuations in recent days, and making bets on either side of it is about to get more expensive. If you think bitcoin has gotten out of hand, now is the time […]

09 DEC

Betting against bitcoin is about to get a lot more expensive

Lucas Jackson/Reuters The cost of shorting bitcoin could skyrocket once futures trading starts on Sunday, says S3 Partners. The ultra-volatile cryptocurrency has seen massive fluctuations in recent days, and making bets on either side of it is about to get more expensive. If you think bitcoin has gotten out of hand, now is the time […]

01 DEC

A mystery trader keeps betting that the stock market will go crazy

Screenshot/YouTube A trader just rolled over a massive volatility bet that could pay out $ 260 million if all goes according to plan. The wager is on a large increase in the VIX, which serves as the stock market’s fear gauge and has been sitting near record low levels for months. The market’s foremost volatility […]

29 NOV

JPMORGAN: There’s still a fortune to be made in the stock market by betting on tax reform

Alex Wong/Getty Images JPMorgan says the market is underpricing the potential for stock market gains in the event that Republicans successfully overhaul the tax code. The firm recommends buying bullish single-stock call options on a handful of companies closely linked with tax-reform progress. Banks across Wall Street are bullish on stocks heading into 2018, with […]

18 NOV

Walmart is making a mockery of the retail apocalypse — and traders are betting it’ll keep soaring (WMT)

Reuters/Jeff Mitchell Walmart crushed its most recent earnings report, beating Wall Street profit and sales estimates while also raising full-year guidance. The company also grew e-commerce gross merchandise volume by 54%, suggesting that it’s holding off Amazon. Traders made adjustments to get more bullish heading into earnings, and they are positioned for more strength ahead […]

12 NOV

A critical mistake cost traders betting against Snap huge profits (SNAP)

Flickr via JDLasica Snap turned in a disastrous third-quarter earnings report on Tuesday that saw its stock plummet as much as 22% in after-hours trading. Short sellers pared positions in the weeks leading up to earnings, costing themselves potentially huge profits that would’ve resulted from the stock drop. Even Tencent’s acquisition of a 10% stake […]

04 NOV

Saudi Arabia is betting its future on a megacity in the desert

REUTERS/Faisal Al Nasser Plans to build futuristic cities in Saudi Arabia are part of the kingdom’s ambitious efforts to pivot the economy away from oil.  But pinning so much symbolic and material weight on megaprojects is risky in Saudi Arabia, where massive undertakings have a history of falling short. Saudi Arabia’s urban dreams are almost […]