Be in the know. 20 key reads for Friday…

  1. Value Stocks Look Cheaper Than Ever. How to Play a Rebound. (Barron’s)
  2. ‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies (Bloomberg)
  3. TikTok Raises Profile As Digital Ad Rival To Snap, Facebook, Google (Investor’s Business Daily)
  4. The Oil Market Is Changing Its Tune (Barron’s)
  5. GE Stock Dropped Again. Here’s What’s Going Right. (Barron’s)
  6. Factory Output in China Surged in April (Barron’s)
  7. NYSE Will Partially Reopen Its Trading Floor (Barron’s)
  8. Meet the trikini, beach fashion’s answer to coronavirus (New York Post)
  9. McDonald’s Details What Dining In Will Look Like (New York Times)
  10. Elon Musk’s Boring Company completes second tunnel in Las Vegas (USA Today)
  11. Wealthy Travelers Are Starting to Book Year-End Vacations (Bloomberg)
  12. Are We Asking Too Much of Testing? (Bloomberg)
  13. Drive-in theaters have become a safe haven for moviegoers. Here’s what it’s like to visit one (CNBC)
  14. Who’s on The Hook for Skipped Mortgage Payments? (Wall Street Journal)
  15. Economic Shock of Virus Hit Lower-Income Households Harder, Fed Finds (Wall Street Journal)
  16. Time for GE to Bring Good Things Back to Life (Wall Street Journal)
  17. Oil back at early April highs as demand shows signs of picking up (Street Insider)
  18. PPP Loans Under $2 Million Get A Significant Waiver From SBA (Yahoo! Finance)
  19. Ross to Bartiromo: Taiwan manufacturer hopes to bring supply chain to this state (Fox Business)
  20. Investors warn Covid-19 crisis is paving the way for inflation (Financial Times)

Unusual Options Activity – Wells Fargo & Company (WFC)

Data Source: barchart

Today some institution/fund purchased 1,422 contracts of Jan 2021 $17.50 strike calls (or the right to buy 142,200 shares of Wells Fargo & Company (WFC) at $17.50). The open interest was just 285 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”