Unusual Options Activity – Raytheon Technologies Corporation (RTX)

Data Source: barchart

Today some institution/fund purchased 4,615 contracts of Jan. 2022 $55 strike calls (or the right to buy 461,500 shares of Raytheon Technologies Corporation (RTX) at $55). The open interest was just 553 prior to this purchase. Continue reading “Unusual Options Activity – Raytheon Technologies Corporation (RTX)”

Be in the know. 20 key reads for Thursday…

  1. Regeneron: Trial COVID-19 drug cocktail cut virus load in more people (MarketWatch)
  2. In Leaked Remarks Among Hedge Fund Managers, Citadel’s Ken Griffin Open Up on Taxes (Institutional Investor)
  3. US Q3 GDP rose 33.1%, beating estimates of 32% (Yahoo! Finance)
  4. Riding The Waves. The Energy Report 10/29/2020 (Phil Flynn)
  5. Marvell Agrees to Buy Data Center Chip Maker Inphi for $10 Billion (Barron’s)
  6. Gilead Sciences raked in nearly $900M from COVID-19 drug remdesivir (New York Post)
  7. Forget the Polls: This Chinese Indicator Is Flashing ‘Trump’ (New York Times)
  8. RPT-UPDATE 3-Exxon Mobil to keep dividend flat for first time since 1982 (Reuters)
  9. UPDATE 2-Rise in at-home cooking helps Kraft Heinz beat sales expectations (Reuters)
  10. Molson Coors stock shoots up after big profit beat (MarketWatch)
  11. General Electric price target raised to $11 from $10 at Goldman Sachs (TheFly)
  12. Shell raises dividend as it seeks to woo shareholders (Financial Times)
  13. ‘Valuation leaves little room for error’: Here’s what 4 Wall Street banks expect from Apple’s fiscal 4th-quarter earnings report (Business Insider)
  14. ‘Anticipate upside to Q3 results’: Here’s what 6 Wall Street analysts are saying about Facebook before its 3rd quarter earnings report (Business Insider)
  15. U.S. Jobless Claims Declined More Than Forecast Last Week (Bloomberg)
  16. Pelosi Hopes Market Rout Pushes Trump Into a Stimulus Deal (Bloomberg)
  17. ECB Signals December Stimulus Likely Amid European Lockdowns (Bloomberg)
  18. Apple Faces Antitrust Complaint in France Over Privacy Changes in iPhones (Wall Street Journal)
  19. Trump Administration Releases Plan to Ensure Coronavirus Vaccines Are Free (Wall Street Journal)
  20. U.S. Car Business Vrooms Back From Pandemic Nadir (Wall Street Journal)

Be in the know. 30 key reads for Wednesday…

  1. GE Had a Surprise Profit. Cash Flow Was Great. (Barron’s)
  2. Greenlight Capital’s David Einhorn just called the top in stocks, and gave 10 reasons why tech is in a bubble (Business Insider)
  3. The Oil Industry Trend That Could Pump Stock Prices Higher (Barron’s)
  4. Wells Fargo Hits Lowest Since 2009 as Investors Await Strategy (Bloomberg)
  5. JPMorgan Asks “What If Trump Wins?” (ZeroHedge)
  6. Microsoft dips on weak revenue guidance (CNBC)
  7. Why Ray Dalio hates cash and bonds, and says the election won’t change his view on the economy (MarketWatch)
  8. Gundlach: Trump Will Win Next Week, And By 2027 “There Will Be Some Sort Of Revolution” (ZeroHedge)
  9. Battered Up. The Energy Report 10/28/2020 (Phil Flynn)
  10. Inventories Appear to Have Stopped Falling. That’s a Good Sign for Manufacturers and Jobs. (Barron’s)
  11. Alphabet’s ‘Legal Woes’ Overshadow Earnings (Barron’s)
  12. The ‘Recovery Has Been Faster Than Expected,’ Says an Industrial Components CEO (Barron’s)
  13. Microsoft Earnings Top Expectations, Driven By Cloud Computing (Barron’s)
  14. Stocks With Solid Balance Sheets Have Been 2020 Winners. They Will Be Again in 2021. (Barron’s)
  15. JPMorgan Says Trump Win Could Spur U.S. Stocks, Dent Asia Assets (Bloomberg)
  16. GE Jumps on Surprise Profit as CEO Larry Culp Sees Turnaround Accelerating (Bloomberg)
  17. The New Bugatti Bolide Is a Study in Speed Set for the Track (Bloomberg)
  18. Microsoft’s Search Revenue Downtrend Signals Trouble For Google Too (Benzinga)
  19. These Allocators Say They Are Sticking With Value Managers (Institutional Investor)
  20. Factories Hum to Keep Up With Auto, Housing Demand (Wall Street Journal)
  21. Apple develops alternative to Google search (Financial Times)
  22. Odds favor a post-election rally in stocks, even if the election is contested, Fundstrat’s Tom Lee says (Business Insider)
  23. Microsoft (MSFT) Shares Dip as Q1 Beats But Guidance Misses on Volatile Personal Computing Segment; Goldman, Others Raise Targets (StreetInsider)
  24. Economic data continues to beat expectations: Morning Brief (Yahoo! Finance)
  25. Why ExxonMobil is sticking with oil as rivals look to a greener future (Financial Times)
  26. The Fed has done nearly all it can do — and it’s now up to Congress to further aid the economy, ex-New York Fed president says (Business Insider)
  27. Investors should rotate away from tech stocks and into these 4 sectors before 2021 brings market relief from turmoil, a Wall Street investment chief says (Business Insider)
  28. Trump Weighs Executive Order to Show Support for Fracking (Wall Street Journal)
  29. Dodd-Frank Undermines the Fight Against Covid (Wall Street Journal)
  30. Raytheon Shrinks to Fit Jet Downturn (Wall Street Journal)