NJR
New Jersey Resources Corporation
NYSEUSDEQUITY
Utilities
DELAYED
Neutral
-11/100
Last price
51.55
▲ 0.66 (1.30%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
51.55
Prev close
50.89
Day high
51.62
Day low
51.00
Volume
498.78K
Market cap
$5.23B
P/E (TTM)
14.08
52W range
43.46 – 60.86
Day trading desk
Gap from prior close
+1.30%
Prior close 50.89
VWAP
51.47
+0.16% from price
Relative volume
1.23×
Normal
Session range
1.22%
51.00 – 51.62
Position in range
89%
Near session high
ATR (14D)
1.01
1.95% of price
Prior day high
51.48
PDH
Prior day low
50.64
PDL
Bid / ask spread
—
Quote not published
Session volume
813.75K
Avg 659.82K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.42%
-0.5%
1M
-3.46%
-4.6%
3M
-10.50%
-15.0%
6M
-9.08%
-27.3%
YTD
+11.77%
-2.5%
1Y
+9.73%
-6.7%
3Y
+26.88%
-55.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NJR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
500.24K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | MIGLIACCIO PATRICK J Officer |
SELL | 3.00K | $166.89K | Direct |
| May 22, 26 | D'ANTUONO CHRISTOPHER T Officer |
SELL | 1.15K | $65.94K | Direct |
| May 11, 26 | MIGLIACCIO PATRICK J Officer |
SELL | 3.00K | $167.50K | Direct |
| May 8, 26 | KENNY JANE M Director |
SELL | 8.00K | $448.80K | Direct |
| Mar 19, 26 | REICH RICHARD General Counsel |
SELL | 5.45K | $288.74K | Direct |
| Mar 16, 26 | BEL ROBERTO Chief Financial Officer |
SELL | 6.11K | $336.38K | Direct |
| Jan 21, 26 | TAYLOR SHARON C. Director |
CONVERSION | 2.94K | $140.94K | Direct |
| Jan 21, 26 | YARDLEY WILLIAM TURNER Director |
CONVERSION | 1.53K | $73.63K | Direct |
| Jan 21, 26 | MANSUE AMY B Director |
CONVERSION | 512 | $24.56K | Direct |
| Jan 21, 26 | DEGRAFFENREIDT JAMES H JR Director |
CONVERSION | 2.94K | $140.94K | Direct |
| Jan 21, 26 | HARDWICK M SUSAN Director |
CONVERSION | 2.94K | $140.94K | Direct |
| Jan 21, 26 | O'SULLIVAN MICHAEL A Director |
CONVERSION | 2.94K | $140.94K | Direct |
| Jan 5, 26 | TAYLOR SHARON C. Director |
CONVERSION | 1.55K | $70.81K | Direct |
| Jan 5, 26 | KENNY JANE M Director |
CONVERSION | 3.69K | $169.01K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BEL ROBERTO |
Chief Financial Officer | 19.78K | Sale |
CRADIC AMY |
Officer | 52.06K | Stock Award(Grant) |
DEGRAFFENREIDT JAMES H JR |
Director | 23.04K | Conversion of Exercise of derivative security |
DELGIUDICE LORI |
Officer | 20.82K | Stock Award(Grant) |
KENNY JANE M |
Director | 22.00K | Sale |
MIGLIACCIO PATRICK J |
Officer | 32.20K | Sale |
REICH RICHARD |
General Counsel | 30.42K | Sale |
SHEA JACQUELINE K |
Chief Technology Officer | 40.36K | Stock Award(Grant) |
TAYLOR SHARON C. |
Director | 37.76K | Conversion of Exercise of derivative security |
WESTHOVEN STEPHEN D |
Chief Executive Officer | 247.79K | Stock Award(Grant) |
Fundamentals
Market cap$5.23B
Enterprise value$9.08B
Revenue (TTM)$2.23B
Gross profit$873.48M
EBITDA$752.15M
Net income$366.16M
EPS (TTM)$3.66
Free cash flow$-259.44M
Total cash$33.95M
Total debt$3.88B
Book value / share$26.07
Shares outstanding101.47M
Float100.86M
Short % of float5.46%
Dividend yield3.93%
Beta (5Y)0.50
Valuation & profitability ratios
Trailing P/E14.08
Forward P/E14.95
PEG ratio2.14
Price / sales—
Price / book1.98
EV / revenue4.07
EV / EBITDA12.07
Gross margin39.18%
Operating margin9.13%
Profit margin16.42%
Return on equity14.45%
Return on assets4.50%
Debt / equity146.78
Current ratio0.66
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.04B | $1.80B | $1.96B | $2.91B | +13.4% |
| Operating revenue | $2.04B | $1.80B | $1.96B | $2.91B | +13.4% |
| Cost of revenue | $1.31B | $1.11B | $1.35B | $2.31B | +17.8% |
| Gross profit | $726.64M | $685.00M | $610.48M | $595.16M | +6.1% |
| Selling, general & admin | — | — | — | $59.44M | — |
| Total operating expense | $275.97M | $226.89M | $203.48M | $188.69M | +21.6% |
| Operating income | $450.67M | $458.10M | $407.00M | $406.48M | -1.6% |
| Net interest income | -$128.59M | -$130.28M | -$123.01M | -$85.83M | +1.3% |
| Pre-tax income | $426.52M | $369.38M | $310.07M | $342.94M | +15.5% |
| Tax provision | $96.96M | $84.91M | $49.27M | $76.19M | +14.2% |
| Net income | $335.63M | $289.77M | $264.72M | $274.92M | +15.8% |
| Net income to common | $335.63M | $289.77M | $264.72M | $274.92M | +15.8% |
| Basic EPS | 3.35 | 2.94 | 2.73 | 2.86 | +13.9% |
| Diluted EPS | 3.33 | 2.92 | 2.71 | 2.85 | +14.0% |
| EBIT | $555.11M | $499.66M | $433.08M | $428.77M | +11.1% |
| EBITDA | $743.88M | $666.22M | $586.02M | $558.02M | +11.7% |
| Basic shares | 100.24M | 98.63M | 97.03M | 96.10M | +1.6% |
| Diluted shares | 100.79M | 99.29M | 97.63M | 96.49M | +1.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $591.00K | $1.02M | $954.00K | $1.11M | -41.9% |
| Cash & short-term investments | $591.00K | $1.02M | $954.00K | $1.11M | -41.9% |
| Accounts receivable | $109.37M | $105.53M | $97.54M | $222.30M | +3.6% |
| Inventory | $259.26M | $237.61M | $226.52M | $293.97M | +9.1% |
| Total current assets | $569.88M | $554.60M | $532.08M | $756.09M | +2.8% |
| Property, plant & equipment | $6.00B | $5.59B | $5.20B | $4.82B | +7.3% |
| Goodwill & intangibles | $11.15M | $10.52M | $8.38M | $8.47M | +6.0% |
| Total assets | $7.58B | $6.98B | $6.54B | $6.26B | +8.6% |
| Total current liabilities | $780.86M | $887.77M | $806.60M | $1.10B | -12.0% |
| Current debt | $353.79M | $480.81M | $368.25M | $499.02M | -26.4% |
| Long-term debt | $3.25B | $2.88B | $2.77B | $2.49B | +12.9% |
| Total debt | $3.77B | $3.52B | $3.29B | $3.13B | +6.9% |
| Total liabilities | $5.19B | $4.78B | $4.55B | $4.44B | +8.5% |
| Retained earnings | $1.45B | $1.30B | $1.18B | $1.07B | +11.7% |
| Shareholder equity | $2.39B | $2.20B | $1.99B | $1.82B | +8.7% |
| Working capital | -$210.98M | -$333.18M | -$274.53M | -$348.07M | +36.7% |
| Net tangible assets | $2.38B | $2.19B | $1.98B | $1.81B | +8.7% |
| Shares issued | 100.50M | 99.48M | 97.60M | 96.86M | +1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $335.63M | $289.77M | $264.72M | $274.92M | +15.8% |
| Depreciation & amortisation | $188.77M | $166.57M | $152.94M | $129.25M | +13.3% |
| Change in working capital | -$34.37M | -$89.01M | $91.91M | -$67.72M | +61.4% |
| Operating cash flow | $466.35M | $427.41M | $478.99M | $323.48M | +9.1% |
| Capital expenditure | -$706.08M | -$571.32M | -$540.92M | -$598.43M | -23.6% |
| Investing cash flow | -$568.27M | -$569.07M | -$538.63M | -$590.61M | +0.1% |
| Share buybacks | — | — | $0 | $0 | — |
| Dividends paid | -$180.07M | -$165.06M | -$150.97M | -$127.70M | -9.1% |
| Financing cash flow | $101.96M | $141.76M | $59.70M | $262.54M | -28.1% |
| Free cash flow | -$239.73M | -$143.91M | -$61.93M | -$274.95M | -66.6% |
| End cash position | $1.65M | $1.61M | $1.52M | $1.45M | +2.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $349.18M | $939.40M | $604.85M | $336.08M | $298.95M | -62.8% |
| Operating revenue | $349.18M | $939.40M | $604.85M | $336.08M | $298.95M | -62.8% |
| Cost of revenue | $253.31M | $528.79M | $342.92M | $244.06M | $242.57M | -52.1% |
| Gross profit | $95.87M | $410.61M | $261.94M | $92.02M | $56.37M | -76.7% |
| Total operating expense | $63.98M | $109.58M | $82.73M | $53.72M | $57.98M | -41.6% |
| Operating income | $31.89M | $301.03M | $179.21M | $38.30M | -$1.61M | -89.4% |
| Net interest income | -$35.20M | -$34.98M | -$35.68M | -$30.48M | -$31.69M | -0.6% |
| Pre-tax income | $11.46M | $282.35M | $154.89M | $16.50M | -$21.72M | -95.9% |
| Tax provision | $3.35M | $66.18M | $34.23M | $3.12M | -$5.14M | -94.9% |
| Net income | $9.69M | $218.91M | $122.49M | $15.07M | -$15.05M | -95.6% |
| Net income to common | $9.69M | $218.91M | $122.49M | $15.07M | -$15.05M | -95.6% |
| Basic EPS | 0.10 | 2.17 | 1.22 | 0.15 | -0.15 | -95.4% |
| Diluted EPS | 0.10 | 2.16 | 1.21 | 0.15 | -0.15 | -95.4% |
| EBIT | $46.66M | $317.32M | $190.57M | $46.98M | $9.98M | -85.3% |
| EBITDA | $100.21M | $367.45M | $240.14M | $95.46M | $56.98M | -72.7% |
| Basic shares | 101.09M | 100.85M | 100.70M | 100.46M | 100.37M | +0.2% |
| Diluted shares | 101.78M | 101.48M | 101.23M | 101.02M | 100.37M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $33.95M | $125.28M | $2.43M | $591.00K | $931.00K | -72.9% |
| Cash & short-term investments | $33.95M | $125.28M | $2.43M | $591.00K | $931.00K | -72.9% |
| Accounts receivable | $190.78M | $291.05M | $260.13M | $109.37M | $173.26M | -34.5% |
| Inventory | $200.24M | $105.82M | $236.34M | $259.26M | $211.17M | +89.2% |
| Total current assets | $619.37M | $730.28M | $781.28M | $569.88M | $562.31M | -15.2% |
| Property, plant & equipment | $6.43B | $6.27B | $6.15B | $6.00B | $5.84B | +2.6% |
| Goodwill & intangibles | $11.04M | $11.20M | $11.16M | $11.15M | $10.78M | -1.4% |
| Total assets | $8.02B | $7.94B | $7.91B | $7.58B | $7.27B | +1.0% |
| Total current liabilities | $936.71M | $777.03M | $937.95M | $780.86M | $739.06M | +20.6% |
| Current debt | $502.88M | $314.60M | $530.64M | $353.79M | $362.70M | +59.9% |
| Long-term debt | $3.20B | $3.28B | $3.27B | $3.25B | $3.02B | -2.5% |
| Total debt | $3.88B | $3.76B | $3.97B | $3.77B | $3.56B | +3.1% |
| Total liabilities | $5.38B | $5.29B | $5.43B | $5.19B | $4.85B | +1.6% |
| Retained earnings | $1.66B | $1.70B | $1.53B | $1.45B | $1.48B | -2.3% |
| Shareholder equity | $2.64B | $2.65B | $2.47B | $2.39B | $2.42B | -0.2% |
| Working capital | -$317.35M | -$46.74M | -$156.67M | -$210.98M | -$176.75M | -578.9% |
| Net tangible assets | $2.63B | $2.64B | $2.46B | $2.38B | $2.41B | -0.2% |
| Shares issued | 101.41M | 100.88M | 100.77M | 100.50M | 100.40M | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $9.69M | $218.91M | $122.49M | $15.07M | -$15.05M | -95.6% |
| Depreciation & amortisation | $53.55M | $50.13M | $49.58M | $48.48M | $47.00M | +6.8% |
| Change in working capital | -$72.94M | $270.78M | -$167.17M | $6.92M | -$73.18M | -126.9% |
| Operating cash flow | -$11.56M | $562.61M | $26.73M | $81.17M | -$28.90M | -102.1% |
| Capital expenditure | -$177.11M | -$196.14M | -$179.54M | -$262.57M | -$156.93M | +9.7% |
| Investing cash flow | -$177.11M | -$196.14M | -$179.54M | -$262.34M | -$153.71M | +9.7% |
| Dividends paid | -$47.91M | -$47.86M | -$47.72M | -$45.17M | -$45.14M | -0.1% |
| Financing cash flow | $97.33M | -$243.62M | $154.75M | $180.82M | $99.91M | +140.0% |
| Free cash flow | -$188.66M | $366.47M | -$152.81M | -$181.40M | -$185.83M | -151.5% |
| End cash position | $35.11M | $126.44M | $3.59M | $1.65M | $1.99M | -72.2% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
45.00
-12.7% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
12
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
45.00
0 contracts
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.06 | 0.11 | +75.6% |
| Mar 2026 | 1.90 | 2.20 | +15.8% |
| Dec 2025 | 1.00 | 1.17 | +17.4% |
| Sep 2025 | 0.19 | 0.16 | -16.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.14 | 4 | $330.17M | -1.8% |
| Next quarter | 1.23 | 4 | $577.30M | -4.6% |
| Current year | 3.57 | 6 | $2.19B | +7.6% |
| Next year | 3.45 | 8 | $2.18B | -0.6% |
Analyst targets & ownership
Mean target$59.86
High target$63.00
Low target$53.00
Implied upside16.11%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 3
Hold3
Sell / Strong sell0 / 0
Held by insiders0.49%
Held by institutions81.75%
Institutions holding601
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
51.09
+0.90% from price
SMA 20
52.16
-1.17% from price
SMA 50
54.00
-4.53% from price
SMA 100
55.38
-6.92% from price
SMA 200
53.95
-4.44% from price
EMA 12
51.53
+0.03% from price
EMA 26
52.40
-1.63% from price
EMA 50
53.52
-3.67% from price
RSI (14)
42.1
Neutral
MACD (12,26,9)
-0.87
Hist 0.04
ATR (14)
1.01
1.95% of price
Realised vol 30D
13.9%
Annualised
Bollinger upper
54.45
20, 2σ
Bollinger lower
49.87
20, 2σ
50 / 200 cross
Golden
54.00 vs 53.95
Trend bias
Below 200
-4.44%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.38
Less volatile than market
Correlation to SPY
-0.27
Largely independent
Realised vol 30D
13.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-16.1%
Peak to trough
Max drawdown 5Y
-29.1%
Peak to trough
ATR 14
1.01
1.95% of price
Beta (reported)
0.50
5Y monthly, from filing
Short interest
Shares short
4.06M
Prior 3.61M
Change vs prior
+12.5%
Shorts adding
% of float
5.46%
Normal
% of shares out
4.00%
Against total outstanding
Days to cover
7.4
Crowded exit
Float
100.86M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 11, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Aug 5, 26 | Wells Fargo | DOWNGRADE | Overweight | Equal-Weight |
| May 12, 26 | Wells Fargo | INITIATED | — | Overweight |
| Apr 21, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Dec 17, 25 | Mizuho | UPGRADE | Neutral | Outperform |
| Aug 8, 25 | Raymond James | MAINTAINED | Outperform | Outperform |
| Jun 13, 25 | Raymond James | INITIATED | — | Outperform |
| May 28, 25 | JP Morgan | MAINTAINED | Overweight | Overweight |
| May 15, 25 | Mizuho | MAINTAINED | Neutral | Neutral |
| May 7, 25 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 16, 25 | Mizuho | MAINTAINED | Neutral | Neutral |
| Apr 1, 25 | Jefferies | INITIATED | — | Hold |
Dividends & splits
Forward rate$2.00 / yr
Forward yield3.93%
5-year avg yield3.49%
Payout ratio52.63%
Ex-dividend dateSep 24, 2026
Next pay dateOct 1, 2026
Last split2:1
Split dateMar 4, 2015
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-20
Periodic Financial Reports
10-Q · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-08-03
Annual report of employee stock purchase
11-K · 2026-06-24
Corporate Changes & Voting Matters
8-K · 2026-06-01
Periodic Financial Reports
10-Q · 2026-05-05
Corporate Changes & Voting Matters
8-K · 2026-05-04
Periodic Financial Reports
10-Q · 2026-02-03
Headlines
New Jersey Resources Corp's Dividend Analysis
GuruFocus.com · 13d ago
New Jersey Resources (NJR) Stock May Still Be A Bargain Following Dividend News
Simply Wall St. · 20d ago
Huntington Capital Initiates New Jersey Resources at Outperform
MT Newswires · 23d ago
New Jersey Resources Raises Dividend for the 31st Consecutive Year
Business Wire · 27d ago
New Jersey Resources (NJR) Turns Last Year’s Loss Into A Guidance Raise
Insider Monkey · 33d ago
New Jersey Resources COO Sells 3,000 Shares for $167,000
Motley Fool · 43d ago
New Jersey Resources (NJR) Q3 2026 Earnings Call Transcript
Motley Fool · 57d ago
Wells Fargo Downgrades New Jersey Resources to Equalweight From Overweight, Adjusts Price Target to $61 From $63
MT Newswires · 63d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.