Unusual Options Activity – Social Capital Hedosophia Holdings Corp. III (IPOC)

Data Source: barchart

Today some institution/fund purchased 2,365 contracts of May $12.50 strike calls (or the right to buy 236,500 shares of Social Capital Hedosophia Holdings Corp. III (IPOC) at $12.50). The open interest was just 799 prior to this purchase. Continue reading “Unusual Options Activity – Social Capital Hedosophia Holdings Corp. III (IPOC)”

Be in the know. 15 key reads for Thursday…

  1. Don’t Be So Quick to Vote Out Financials (Wall Street Journal)
  2. Jeff Bezos Sells Another $3B Worth Of Amazon Shares (Yahoo! Finance)
  3. Amid Election Turmoil, Institutional Investors Stay Focused on the Pandemic (Institutional Investor)
  4. AstraZeneca-Oxford Covid Vaccine on Track for Year End, CEO Says (Bloomberg)
  5. These 7 ‘deeply out of favor stocks’ are worth a look right now, says contrarian manager (MarketWatch)
  6. Invesco Adds Trian’s Nelson Peltz and Two Others to Its Board. Here’s Why That’s Important. (Barron’s)
  7. What To Know About Investing Today, According To Joel Greenblatt (Barron’s)
  8. When the Election Could Be Decided, and Why Stocks Are Rising Now (Barron’s)
  9. Uber and Lyft Drivers in California Will Remain Contractors (New York Times)
  10. A split Congress will be ‘excellent’ for the economy and stock market, Wharton Professor Jeremy Siegel says (Bussiness Insider)
  11. Amid U.S. election uncertainty, Fed likely to lay low this week (Reuters)
  12. Stock futures jump as potential Washington gridlock signals less regulatory risk (Reuters)
  13. COVID-19 Vaccines To Generate over $10B Annual Revenue, Analyst Say (Benzinga)
  14. Oil and gas groups buoyed by fading fears of US ‘blue wave’ (Financial Times)
  15. Crude Inventory Data Shows Surprise Draw of 8 Million Barrels Last Week (Street Insider)

The “Knee Jerk” Stock Market (and Sentiment Results)…

It has been a whirlwind 48 hours.  Since there is so much to discuss regarding the election and its implications, the stock market outlook, and the initial knee-jerk reaction of the stock market, I thought it would be more helpful to put the majority of this week’s article in video than print (so I could cover more ground in a shorter period of time). Continue reading “The “Knee Jerk” Stock Market (and Sentiment Results)…”