Unusual Options Activity – Occidental Petroleum Corporation (OXY)

Data Source: barchart

Today some institution/fund purchased 25,091 contracts of Jan $18 strike calls (or the right to buy 2,509,100 shares of Occidental Petroleum Corporation (OXY) at $18). The open interest was just 2,012 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”

Be in the know. 8 key reads for Monday…

  1. China Economy Grows 4.9% In Q3, Extending Virus Recovery (Barron’s)
  2. Big Contrarian Investor Sells AT&T and Gold Stocks. They Bought Wells Fargo. (Barron’s)
  3. Speculators Reverse Big Nasdaq Short (Bloomberg)
  4. Conoco to Buy Concho for $9.7 Billion to Create Shale Giant (Bloomberg)
  5. Pelosi gives White House 48 hours to reach coronavirus stimulus deal before election (CNBC)
  6. U.S. Army Medical Research and Development (USAMRDC) Develops COVID-19 Vaccine Candidate (SpFN) Now in Clinical Trials (TrialSiteNews)
  7. Stalemate. The Energy Report 10/19/2020 (Phil Flynn)
  8. Tech’s Influence Over Markets Eclipses Dot-Com Bubble Peak (Wall Street Journal)

Be in the know. 15 key reads for Sunday…

  1. Pfizer COVID-19 vaccine rolls off production line amid hopes for emergency approval (New York Post)
  2. Will New York Go for Another Wall Streeter as Mayor? (New York Times)
  3. Waiting to pass stimulus until after the election is a mistake, says economist Mark Zandi (Fortune)
  4. This year’s ‘October surprise’ could impact your portfolio for years to come (Fortune)
  5. Amazon Pays Big Bucks For Eddie Murphy’s ‘Coming 2 America’ (Maxim)
  6. A suspected-banksy with a hula-hooping girl appears in Nottingham (designboom)
  7. Valuing Exxon (Insider Monkey)
  8. The ‘I’m An Accountant’ Stock Market, And Sentiment Results (SeekingAlpha)
  9. ECRI Weekly Leading Index Update (AdvisorPerspectives)
  10. ‘How are you going to learn properly?’: JPMorgan CEO Jamie Dimon warns over increasing negatives of working from home (fn London)
  11. The Mad, Mad World of Niche Sports Among Ivy League–Obsessed Parents (The Atlantic)
  12. COVID & Global Valuations (Verdad)
  13. The Master Plan: Biotech player turned Ottawa Senators owner Eugene Melnyk faces off against COVID-19 (Financial Post)
  14. Don’t Fight T-Fed (Yardeni)
  15. The Phil Flynn Energy Report Riding the waves (futuresmag)