Unusual Options Activity – Teva Pharmaceutical Industries Limited (TEVA)

Data Source: barchart

Today some institution/fund purchased 11,294 contracts of June $11 strike calls (or the right to buy 1,129,400 shares of Teva Pharmaceutical Industries Limited (TEVA) at $11). The open interest was just 2,008 prior to this purchase.
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Be in the know. 18 key reads for Tuesday…

  1. Will China have to loosen policy? (ft)
  2. Alibaba Stock Had Its Best Day in Four Years. Why the Shares Are Rising Again. (barrons)
  3. China Moves to Boost Slowing Economy (wsj)
  4. Raymond James Says 5 Buy-Rated Large Caps Are Huge Tax-Loss Selling Deals (247wallst)
  5. Musk Says Biden Should ‘Delete’ Bill That Includes EV Incentives (barrons)
  6. Biotechs Battled Covid. Why the Sector Is Doing Horribly. (barrons)
  7. Intel Stock Rises on Move to Launch IPO of Mobileye Unit (barrons)
  8. New Covid Pills Offer Hope as Omicron Looms (nytimes)
  9. Elon Musk says there aren’t ‘enough people,’ birthrate could threaten human civilization (usatoday)
  10. Glaxo Antibody Treatment Works on Omicron Mutations in Study (bloomberg)
  11. Peter Lynch Says All-In on Passive Investing Is All Wrong (bloomberg)
  12. Covid-Shot Technology May Soon Treat Malaria, HIV or Even Cancer (bloomberg)
  13. Fed officials are planning to wind down a bond-buying program sooner than a goal set just weeks ago, a shift that opens the door for the central bank to raise rates in the spring rather than later in the year to curb inflation. (wsj)
  14. Goldman CEO sees policy, not the pandemic, as the biggest risk ahead for markets (cnbc)
  15. Small-cap and value stocks set to keep climbing in 2022, says one of the world’s top asset managers (cnbc)
  16. US will be ‘dependent on oil and gas for decades to come’: Former EPA administrator (foxbusiness)
  17. This Hedge Fund Manager Thinks Crypto Speculation Is Headed for a ‘Screeching Halt’ (institutionalinvestor)
  18. Beijing seeks to orchestrate slow motion collapse for Evergrande (ft)