Hedge Fund Tips

Unusual Options Activity – Teva Pharmaceutical Industries Limited (TEVA)

Today some institution/fund purchased 7,717 contracts of Sept. 13 strike calls (or the right to buy 771,700 shares of Teva Pharmaceutical Industries Limited (TEVA) at $13). The open interest was just 1,009 prior to this purchase.

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Insider Buying in Marriott International, Inc. (MAR)

On May 14, 2019, Margaret McCarthy – Director of Marriott International, Inc. (MAR) – purchased 2,000 shares of MAR at $130.83. Her out of pocket cost was $261,662.

Hedge Fund Trade Tip (PIN) – Position Idea Notification

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Be in the know. 5 key reads for Wednesday

Among the world’s 20 fastest growing retailers, Amazon just ranks at No. 4 (USA Today)
Regeneron says FDA approves EYLEA injection for diabetic retinopathy (TheFly)
No easy options for China as trade war, U.S. pressure bite (Reuters)
Four reasons why the bears are wrong about a second-half slump: J.P. Morgan (MarketWatch)
Alibaba’s stock surges after earnings and revenue rise, beat FactSet expectations (MarketWatch)

Consumer Staples (top 30 weights) Earnings Estimates/Revisions

In the spreadsheet above I have tracked the earnings estimates for the Consumer Staples Sector ETF (XLP) top 30 weighted stocks. The column under the date 5/14/2019 has a letter that represents the movement

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Unusual Options Activity – Marathon Petroleum Corporation (MPC)

Today some institution/fund purchased 3,412 contracts of July $50 strike calls (or the right to buy 341,200 shares of Marathon Petroleum Corporation (MPC) at $50). The open interest was just 114 prior to this purchase. Continue reading “Unusual Options Activity – Marathon Petroleum Corporation (MPC)”

Insider Buying in Annaly Capital Management, Inc. (NLY)

On May 13, 2019, David Finkelstein – Chief Investment Officer of Annaly Capital Management, Inc. (NLY) – purchased 100,000 shares of NLY at $9.56. His out of pocket cost was $955,660.

Where is money flowing today?

Source: Finviz

Be in the know. 10 key reads for Tuesday…

The Real Story of the Dutch Tulip Bubble Is Even More Fascinating Than the Myth You’ve Heard (Barron’s)
Small-business optimism index climbs to four-month high in April: NFIB (MarketWatch)
Fed’s Williams says policymakers need to better prepare for lower interest rate world (Reuters)
Crude Oil Prices Rise As Saudi Arabia Reports Drone Attacks On Pump Stations (Investor’s Business Daily)
Moore’s Law Was Just the Beginning, Says This Growth Stock Investor (Barron’s)
The Fusion Reactor Next Door (New York Times)
Walmart Matches Amazon With Free One-Day Shipping on Many Items (Bloomberg)
Trump defends China trade battle, vows deal will happen (Reuters)
Howard Stern says he has changed. How much? (New York Times)
With Oil Still Over $60 and Summer Coming, Top Energy Stocks Are a Steal Now (24/7 Wall Street)

PMO BUY ALL at Extreme

The last 9 times the PMO “Buy All” indicator dropped below 5, it has paid to buy the market for a bounce. It is currently at zero. The blue vertical lines mark those spots where the indicator dipped below 5 in the past 1.5 years. Continue reading “PMO BUY ALL at Extreme”