Insider Trading Tue 3/12/24

Notable purchases -- Chief R&D Officer adds to KDP; notable sales -- CBO active in RARE

Buyers:

• CRBP 10% owner Cormorant Asset Management bought 550,000 shares at $37.53 - $46.00 worth ~$23.3 mln.
• CSV Director bought 5,000 shares at $26.10 worth ~$131K.
• FGEN CEO bought 50,000 shares at $1.9094 worth ~$95K.
• HWBK Director bought 5,000 shares at $19.90 - $20.645 worth ~$102K.
• KDP Chief R&D Officer bought 4,075 shares at $29.11 worth ~$119K.
• MOFG CEO bought 4,447 shares at $22.4866 worth ~$100K.

Sellers:

• ATR Segment President and one (1) Director sold 5,500 shares combined worth ~$785K.
• LKFN EVP sold 5,247 shares at $66.75 worth ~$350K.
• MDC Director sold 6,200 shares at $62.69 worth ~$389K.
• RARE Chief Business Officer & EVP sold 11,509 shares at $49.92 - $50.06 worth ~$575K.
• USNA Executive Chairman and COO sold 16,251 shares combined at $48.98 - $49.16 worth ~$797K.

Unusual Options Activity Tue 1/30/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• FGEN Mar 5 calls are seeing interest with the underlying stock up 8% (volume: 5210, open int: 10, implied vol: ~257%, prev day implied vol: 196%). Co is expected to report earnings late February.
• VTNR Feb 2 calls (volume: 8560, open int: 0, implied vol: ~152%, prev day implied vol: 110%). Co is expected to report earnings early March.
• AVTR Feb 24 calls (volume: 2150, open int: 430, implied vol: ~45%, prev day implied vol: 42%). Co is confirmed to report earnings February 14 before the open.
  

Bearish Put Activity:

• Communication Services SPDR (XLC) Feb 77.5 puts (volume: 7730, open int: 10, implied vol: ~34%, prev day implied vol: 30%).
• VIAV Feb 9 puts are seeing interest ahead of earnings Thursday after the close (volume: 5780, open int: 8290, implied vol: ~68%, prev day implied vol: 64%). 3190 contracts traded in a single transaction.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.94, VIX: (13.40, -0.20, -1.5%).
February 16 is options expiration -- the last day to trade February equity options.