Unusual Option Activity – Norwegian Cruise Line Holdings Ltd. (NCLH)

Data Source: Barchart

On Thursday some institution/fund purchased 3,961 contracts of Jan. 2025 $12.50 strike calls (or the right to buy 396,100 shares of Norwegian Cruise Line Holdings Ltd. (NCLH) at $12.50). The open interest was just 551 prior to this purchase.

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Be in the know. 25 key reads for Thursday…

  1. Alibaba’s $20 Billion Logistics Arm Gears Up for Hong Kong IPO (bloomberg)
  2. Small Banks Lose to Big Banks as Deposits Shift (wsj)
  3. Alibaba May Cede Control of Some Units in Split-Up Plan. Probably Not These Two. (barrons)
  4. Intel Stock Surges as New Chips to Be Ready Sooner. What Analysts Say. (barrons)
  5. Breaking Up, for Alibaba and a Playlist. Plus, CRE (bloomberg)
  6. Spain inflation falls more than expected to 3.3% in March (reuters)
  7. After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants (cnbc)
  8. Carl Icahn Wants to Bring Illumina’s Old CEO Back (wsj) The first wave of deposit outflows is nearly over. A second wave has already started, this strategist says. (marketwatch)
  9. Banks were worth owning before the SVB collapse. Now they’re cheap and M&A is coming, say these strategists. (marketwatch)
  10. Too Good to Be True? Unusual Citigroup Preferred Issue Yields 10%. (barrons)
  11. Macy’s, Doordash, and Other Stocks That Could Be Buyout Candidates When M&A Returns (barrons)
  12. Jobless claims rise to three-week high of 198,000, but layoffs still extremely low (marketwatch)
  13. Zoetis Stock Could Rise 30% as People Spend More on Pets (barrons)
  14. Don’t Expect the Housing Market to Crash. A Slow Rebound Is Coming, Our Roundtable Pros Say. (barrons)
  15. JD.com Shares Soar on Plan to List Two Units in Hong Kong (bloomberg)
  16. China’s Premier Li Qiang seeks to rally Asia behind Beijing (cnbc)
  17. Google reshuffles virtual assistant unit with focus on Bard A.I. technology (cnbc)
  18. Alibaba tells investors its overhaul will make the business more ‘agile’ with market changes (cnbc)
  19. US stocks could end this year 14% higher because banking turmoil will trigger a Fed pause, veteran investor Ed Yardeni says (businessinsider)
  20. Janet Yellen Says Bank Deregulation May Have Gone Too Far (bloomberg)
  21. China’s Big Banks See Profit Gains (bloomberg)
  22. Goldman: “Zero Bulls Out There” (zerohedge)
  23. Intel (INTC) rally continues as analysts reflect positively on Server update (streetinsider)
  24. Alibaba to turn into an ‘asset and capital operator’ after overhaul, CEO says (scmp)
  25. Premier Li’s Improving Economic Outlook & PetroChina’s EXtraordinary Results (chinalastnight)

“Don’t Stop Believin'” Stock Market (and Sentiment Results)…

“Don’t Stop Believin’” is the second single from Journey’s seventh studio album ‘Escape’ released in 1981. Although the song only reached #9 on Billboard Hot 100 and #62 in the UK Singles chart, the track became a timeless classic.  Today, “Don’t Stop Believin’” can be heard at just about every wedding, high school dance, and Saturday night college bar you can think of. The popularity of “Don’t Stop Believin’” in modern times started in 2007, when the song was used in the iconic final scene of The Sopranos.
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Be in the know. 12 key reads for Wednesday…

  1. Micron reports largest loss on record, but stock gains as execs say inventory issues have peaked (marketwatch)
  2. Alibaba Stock Soars. An Unprecedented Shakeup Could Unlock Major Value. (barrons)
  3. Alibaba split ‘going to be a monster’ (yahoo)
  4. Hockey’s bare-knuckles legacy and why fighting will likely always be a part of the NHL (theathletic)
  5. Alibaba to split into six units (reuters)
  6. Why Tim Draper Is Betting on Sri Lanka’s Unlikely Startup Scene (bloomberg)
  7. Betsy Cohen On Tech Investing and How SVB Failed Banking 101 (bloomberg)
  8. Yen Is Wall Street’s Favorite Trade (bloomberg)
  9. Asia’s 50 Best Restaurants List Has a New Winner for 2023 (bloomberg)
  10. Alibaba Is Laying the Ground for a Breakup. Amazon and Alphabet Should Consider Doing the Same. (barrons)
  11. Americans haven’t been this gloomy on home prices since at least 2014 (businessinsider)
  12. Biden says White House response to banking stress is ‘not over yet’ (reuters)