Hedge Fund Tips

Unusual Options Activity – Occidental Petroleum Corporation (OXY)

Today some institution/fund purchased 9,326 contracts of May $62.5 strike calls (or the right to buy 932,600 shares of Occidental Petroleum Corporation (OXY) at $62.5). The open interest was just 2,511 prior to this purchase. Continue reading “Unusual Options Activity – Occidental Petroleum Corporation (OXY)”

Time to buy Health Care Stocks?

On February 23, we put out the following article which anticipated a pullback in the Health Care sector. Now that the “Bullish Percent” indicator is back below 50 (as it had done in the historical examples outlined in this article), it may be time to add some health care exposure in selected names: Continue reading “Time to buy Health Care Stocks?”

Be in the know. 8 key reads for Wednesday…

Occidental Petroleum (OXY) Confirms $76/Share Offer for Anadarko (APC), Topping Chevron (CVX) (Street Insider)
Why 5 Lagging Health Care Giants May Be Incredible Buys Now (24/7 Wall Street)
New round of U.S. tariffs a ‘modest’ hit for euro area: ECB (Reuters)
You can find plenty of solid stock bargains in this year’s worst-performing sector, analyst says (MarketWatch)
Texas Instruments Slips as Analysts Say Semi Recovery Needs Time (Bloomberg)
Here’s How America Uses Its Land (Bloomberg)
Bristol-Myers Squibb Reports Earnings Tomorrow. Here’s What to Expect. (Barron’s)
What Tops Kraft Heinz’s Menu? Cost Cuts or Mac ‘n’ Cheese? (Wall Street Journal)

Unusual Options Activity – Pfizer Inc. (PFE)

Today some institution/fund purchased 54,409 contracts of Sept. $42 strike calls (or the right to buy 5,440,900 shares of Pfizer Inc. (PFE) at $42). The open interest was just 3,925 prior to this purchase. Continue reading “Unusual Options Activity – Pfizer Inc. (PFE)”

Insider Buying in Hooker Furniture Corporation (HOFT)

On April 22, 2019, Henry Williamson Jr. – Director of Hooker Furniture Corporation (HOFT) – purchased 8,000 shares of HOFT at $28.13. His out of pocket cost was $253,552.