Tech Holds the Line While the CEO Keeps Adding

ISB Research · Interesting · sent to Ultimate members October 1, 2026

While nearly every other sector got hit this week, tech held up, and GitLab's CEO used the strength to write another $124,802 check. This is the company behind the DevSecOps platform that runs the whole software development cycle in one place, and the stock sits within 2% of its 52-week high with all timeframes pointed up. Bill Staples has now bought four times in the past year, so this is a pattern, not a one-off. The catch is this is an incremental add of a few tenths of a percent, and insider buys here have only paid off about half the time at 30 days. A trader who likes the setup could sell the November $45/$40 put spread for around $0.85, roughly a 72% chance of keeping the credit at a 20% return on risk, which gets you underneath the CEO's price.

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