Unusual Options Activity – Neptune Wellness Solutions Inc. (NEPT)

Data Source: barchart

Today some institution/fund purchased 10,286 contracts of Jan. $2 strike calls (or the right to buy 1,028,600 shares of Neptune Wellness Solutions Inc. (NEPT) at $2). The open interest was just 1,984 prior to this purchase. Continue reading “Unusual Options Activity – Neptune Wellness Solutions Inc. (NEPT)”

Be in the know. 10 key reads for Thursday…

  1. Be Like Warren Buffett in Times Like These. Here’s How. (Barron’s)
  2. Federal Reserve Retools Capital Rules for Largest U.S. Banks (Wall Street Journal)
  3. Market-Beating Bank CEOs Are a Rare Breed (Wall Street Journal)
  4. Cramer’s most trusted market indicator says to start buying stocks (CNBC)
  5. Larry Kudlow Says ‘We’re Not Going to Panic’ Over the Economy (Bloomberg)
  6. Capitulation Moment? ‘We are giving up on energy’, say Jefferies analysts, who compare beaten-down sector to ‘62 Mets (MarketWatch)
  7. Oil prices rise on report OPEC agrees 1.5 million barrel-per-day production cut (MarketWatch)
  8. Buffett-Backed 30-Year-Old Goes to War With Latin American Banks (Bloomberg)
  9. Exxon CEO sticks to spending targets despite oil downturn (Reuters)
  10. The Old Dominion “Snapback” Stock Market? (and Sentiment Results) (ZeroHedge)

The Old Dominion “Snapback” Stock Market? (and Sentiment Results)

The theme of this week’s market commentary is “Snapback.”  I picked it:

1. Because I like the Country band – Old Dominion.

2. To explore the question of whether in fact this is a “Snapback” rally or actually a fake out. Continue reading “The Old Dominion “Snapback” Stock Market? (and Sentiment Results)”

Unusual Options Activity – Wells Fargo & Company (WFC)

Data Source: barchart

Today some institution/fund purchased 1,659 contracts of June 2021 $50 strike calls (or the right to buy 165,900 shares of Wells Fargo & Company (WFC) at $50). The open interest was just 119 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”