Be in the know. 10 key reads for Thursday…

  1. BoE’s Carney says rate cut would have led to above-target inflation (Reuters)
  2. Biogen Rallies After Q4 Earnings Top Views (Investor’s Business Daily)
  3. Ken French: ‘There Is No Way to Tell’ If Value Premium Is Disappearing (Institutional Investor)
  4. Alibaba Stock Looks Like a Buy on China Virus Fears (Barron’s)
  5. The one word that defined Davos, investing in India’s hyper-growth, and fading recession fears (Business Insider)
  6. Here’s what is worrying one stock-market bull (MarketWatch)
  7. OPEC May Move Up Meeting As Coronavirus Continues To Batter Oil Prices (OilPrice)
  8. US Oil Exports Could Explode After Once In A Lifetime Power Shift In China (OilPrice)
  9. US energy ‘junk’ bonds hammered by oil plunge (Financial Times)
  10. The “‘Great Wall’ of Worry” Stock Market (and Sentiment Results)…(ZeroHedge)

Unusual Options Activity – Occidental Petroleum Corporation (OXY)

Data Source: barchart

Today some institution/fund purchased 924 contracts of June $42.5 strike calls (or the right to buy 92,400 shares of Occidental Petroleum Corporation (OXY) at $42.5). The open interest was just 474 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”

Be in the know. 10 key reads for Wednesday…

  1. Chesapeake Energy’s stock bounces off 26-year low after production update (MarketWatch)
  2. For Fed’s Policy Meeting, Balance-Sheet Plans Take Focus (Barron’s)
  3. How to Profit From Stock Buybacks (Barron’s)
  4. 4 Big Dividend Oil Stocks to Buy Now With Crude Down Almost 20% in January (24/7 Wall Street)
  5. House Democrats call for $760 billion in infrastructure spending over five years (Reuters)
  6. Johnson & Johnson starts developing vaccine for coronavirus (Yahoo! Finance)
  7. USMCA to create 600,000 jobs, US Energy Secretary tells FOX Business (Fox Business)
  8. Red Flags in Alluring Private Equity Track Records (Institutional Investor)
  9. More affordable iPhone 11 is unlikely star of Apple earnings (Financial Times)
  10. Boeing Just Reported a Massive Loss. Why Its Stock Is Gaining. (Barron’s)