Unusual Options Activity in Chesapeake Energy Corporation (CHK)

Data Source: barchart

Today some institution/fund purchased 1,505 contracts of July $1 strike calls (or the right to buy 150,500 shares of Chesapeake Energy Corporation (CHK) at $1). The open interest was 1,065 prior to this purchase.

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Be in the know. 15 key reads for Monday…

1. Hedge funds key in exacerbating repo market turmoil, says BIS (Financial Times)

2. RPT-U.S. banks’ reluctance to lend cash may have caused repo shock – BIS (Yahoo! Finance)

3. Now Repo Distortions Are Emerging in Europe’s $9 Trillion Market (Bloomberg)

4. Will sterling hold its gains through the UK general election? (Financial Times)

5. UK property investors pull cash at fastest rate this year (Financial Times)

6. Top DoubleLine investor sees opportunity in Brazil amid tariff threat (Yahoo! Finance)

7. Jeffrey Gundlach extended interview with Yahoo Finance [TRANSCRIPT] ()

8. The Taylor Swift “Bad Blood” Energy Market (and Sentiment Results) (ZeroHedge)

9. Big-name US investors take aim at beaten-up energy sector (Financial Times)

10. JPMorgan Sees $410 Billion Bump to Stocks’ Demand-Supply Balance (Bloomberg)

11. Japan’s economy expanded at a much faster-than-initially-reported pace in the third quarter. (Business Insider)

12. China says hopes it can reach trade agreement with US as soon as possible. (Business Insider)

13. Here’s the hard-money call for why the boom in the economy and stock market will continue (MarketWatch)

14. Not the sign of a Top: Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace (Wall Street Journal)

15. Pound Rally Gets Nod From Signal That’s Been Right for a Decade (Bloomberg)

 

 

Be in the know. 10 key reads for Sunday…

  1. Big-name US investors take aim at beaten-up energy sector (Financial Times)
  2. The Taylor Swift “Bad Blood” Energy Market (and Sentiment Results) (ZeroHedge)
  3. Sweet Success: WhIsBe Is Bringing His $60,000 Vandal Gummy Bears To Art Week Miami (Forbes)
  4. ECRI Weekly Leading Index Update (Advisor Perspectives)
  5. Politics Aside, what could happen to markets in the event of impeachment in the House? (Almanac Trader)
  6. Episode 773: Slot Flaw Scofflaws (NPR Planet Money)
  7. Making Sense of the Genome, at Last (Nautilus)
  8. Fed Adds $72.8 Billion to Markets, Balance Sheet Moves to $4.07 Trillion (Wall Street Journal)
  9. This wealth manager picked a home-run stock in 2019. Here’s what he likes for 2020 (MarketWatch)
  10. S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics (Bloomberg)

 

 

Be in the know. 10 key reads for Friday…

  1. Saudi, Russia win over oil producers to deeper cuts (Reuters)
  2. Ulta Stock Is Soaring After Reporting Earnings That Were Much Better Than Last Quarter’s Disaster (Barron’s)
  3. China to Waive Trade War Tariffs for Some U.S. Soy, Pork Purchases (Bloomberg)
  4. Citi Tells Rich Clients Stop Being So Nervous About Stocks (Bloomberg)
  5. U.S. adds 266,000 jobs in November, unemployment dips to 3.5% (MarketWatch)
  6. BIS Wants Central Banks at Center of Digital Cash Revolution (Bloomberg)
  7. China offers official reassurance on trade talks with US (FoxBusiness)
  8. TikTok takes on Facebook in US advertising push (Financial Times)
  9. Europe First: taking on the dominance of the US dollar (Financial Times)
  10. Mnuchin Working Closely With Fed, Bank Regulators on Repo Market Issues (Wall Street Journal)