![]() ![]() Investors are concerned that the IR Act is too restrictive about who qualifies for the EV tax credit to really move the needle when it comes to consumers buying EVs.Īs for the option itself, it’s got an ask price of $0.22, which means the break-even is $16.72, 11.2% higher than where it’s currently trading. Interestingly, despite the good news, CHPT stock lost about 20% of its value over the past week. Specifically, extending the federal $7,500 tax credit for buyers of new EVs - up to $55,000 for sedans and $80,000 for SUVs - will ensure the volume of EVs on the road continues to grow through 2032.’ The signing of the Inflation Reduction (IR) Act had plenty of good news for businesses contributing to the slowing of climate change. ![]() 26 $16.50 call seems like a nice entry point to buy into one of the world’s biggest electric vehicle (EV) charging networks. I don’t usually consider short-term call options but the ChargePoint Holdings ( CHPT) Aug. ![]() I’m interested in call options with strike prices $20 or lower that not only are exhibiting unusual buying today, but are excellent long-term investments. 18 that he unloaded his entire BBBY stake - 7.78 million shares and call options for another 1.67 million - sending its shares more than 40% lower in Friday’s trading.Īs usual, the retail investor takes it on the chin, while wealthy investors like Cohen use them to make even more money than they already have.įor this week’s look at unusual options activity, I don’t see a lot of high-volume BBBY trades, so I’m going to pivot to another subject. Ryan Cohen, the so-called savior of GameStop ( GME), announced Aug. As I write this week’s look at unusual options activity about five hours through Friday’s trading, I’m surprised that the options activity for Bed Bath & Beyond ( BBBY) hasn’t been more active. ![]()
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