Thanks to Ellen Chang for including me in her article in Kiplinger today, “Sell in May and Go Away: Should You in 2020?”
Unusual Options Activity – Wells Fargo & Company (WFC)
Data Source: barchart
Today some institution/fund purchased 2,613 contracts of Jan 2022 $60 strike calls (or the right to buy 261,300 shares of Wells Fargo & Company (WFC) at $60). The open interest was 1,805 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”
Where is money flowing today?
Quoted in Reuters article Thursday:
Thanks to Chibuike Oguh for including me in his article on Reuters yesterday. You can find it here:
Click Here to View The Full Article on Reuters
Quote of the day…
CGTN Global Business Appearance on Thursday (video)
Be in the know. 20 key reads for Thursday…
- Showtime’s ‘Billions’ Is Back With More Financial Schemes Than Ever (Wall Street Journal)
- This CEO’s Formula For Building Success Is So Simple (Investor’s Business Daily)
- Stocks Pause After Strong Rally (Barron’s)
- Health Care Was Biggest Drag on GDP (Barron’s)
- Cash-hungry firms are turning to convertible bonds (fnLondon)
- Justin Amash Discloses Purchases of Disney Stock (Barron’s)
- You’d Be Surprised Who Can Beat Buffett and Icahn (Barron’s)
- China’s nonmanufacturing PMI hits 3-month high (MarketWatch)
- Two Mortgage REITs Are Benefiting From Fed-Backed Market (Barron’s)
- Elon Musk slams ‘fascist’ coronavirus lockdowns in Tesla earnings call (New York Post)
- Kraft Heinz Sticks With Its Dividend. Earnings Were Strong. (Barron’s)
- 35 Stocks to Buy if the Economy Recovers in a V-Shape (Barron’s)
- U.S. Explores Emergency-Use Approval for Gilead Drug After Study Found It Helped Recovery From Covid-19 (Wall Street Journal)
- Fed’s Powell Says More Spending Will Be Needed From Congress (Wall Street Journal)
- Steven Mnuchin Says U.S. Aims to Get Back Its Money From Fed Programs (Wall Street Journal)
- The Bad News Won’t Stop, but Markets Keep Rising (New York Times)
- Fed Suggests Tough Road Ahead as It Pledges to Help Insulate Economy (New York Times)
- Gilead CEO Says Over 50,000 Remdesivir Courses Ready to Ship (Bloomberg)
- Warren Buffett to Break Silence at Virtual Woodstock for Capitalists (Bloomberg)
- Coronavirus pushed Twitter to a record 24% growth in daily users last quarter (Business Insider)
The “High Hopes” Stock Market (and Sentiment Results)…
This week’s theme song for the Stock Market is “High Hopes” by, Panic! At The Disco. These hopes are rooted in three factors we will discuss in detail this week: Stimulus/Aid Continue reading “The “High Hopes” Stock Market (and Sentiment Results)…”
Unusual Options Activity – Southwest Airlines Co. (LUV)
Data Source: barchart
Today some institution/fund purchased 2,911 contracts of Jan 2022 $30 strike calls (or the right to buy 291,100 shares of Southwest Airlines Co. (LUV) at $30). The open interest was just 1,597 prior to this purchase. Continue reading “Unusual Options Activity – Southwest Airlines Co. (LUV)”
