Be in the know. 10 key reads for Friday…
- One of Wall Street’s Most Popular Trading Strategies Is Now Failing (Bloomberg)
- Trade of the Day: Boeing Stock Hits Record Overbought Level (Yahoo)
- Trump warns he could abandon China trade deal as advisers tout progress (Reuters)
- Tesla stock soft after Elon Musk warns it won’t be profitable in Q1 (Business Insider)
- Tesla announces long-promised $35,000 Model 3 (USA Today)
- These two charts suggest the rally could go from good to bad in the short term (CNBC)
- Uber and Lyft Said to Offer Drivers a Chance to Participate in I.P.O.s (New York Times)
- Mattel Insiders Are Buying Up the Toy Maker’s Stock (Barron’s)
- Gap to Split Into Two Public Companies (Wall Street Journal)
- David Einhorn, hedge-fund manager says he will make fewer, bigger bets (Wall Street Journal)
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Unusual Options Activity
Today some institution/fund purchased 40,962 contracts of April $18 strike calls (or the right to buy 4,096,200 shares of Marathon Oil Corp. (MRO) at $18). The open interest was just 3,402 prior to this purchase. Continue reading “Unusual Options Activity”
Insider Buying
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Hedge Fund Tips (PCN) – Position Completion Notification
Warning signs from AAII Sentiment Survey results this morning…
AAII Sentiment Survey results are out this morning. Bullishness is now up OVER the 40 level – which usually marks market reversals. Bearishness has collapsed. In the S&P500 chart below I have noted those dates in the recent Continue reading “Warning signs from AAII Sentiment Survey results this morning…”
Be in the know. 8 key reads for Thursday…
- “Sometimes You Have To Walk”: Hanoi Summit Ends In Disarray As Trump Balks At Kim Demands For Sanctions Relief (Zero Hedge)
- Never Before Has the Fate of Hedge Funds Turned on So Few Stocks (Bloomberg)
- KKR, After Nailing the Rally in Stocks, Says It’s Time to Lighten Up (Bloomberg)
- Auto loan delinquencies rise as the cost of monthly payments hit record high (CNBC)
- U.S. trade chief sees long-term China challenges, continued tariff threat (Reuters)
- A Stock-Market Forecasting Tool That Actually Works (MarketWatch)
- U.S. Marijuana Retailer MedMen Burns Cash as Sales Grow (Barron’s)
- Dalio Says Fed Pivot Means He’s Less Worried About Recession (Bloomberg)
If you found this post helpful, please consider visiting a few of our sponsors who have offers that may be relevant to you.
Unusual Options Activity
Today some institution/fund purchased 10,605 contracts of April $11 strike puts (or the right to sell short 1,060,500 shares of NIO, Inc (NIO) at $11). The open interest was just 1,455 prior to this purchase. Continue reading “Unusual Options Activity”
