Unusual Options Activity – Micron Technology, Inc. (MU)
Today some institution/fund purchased 10,663 contracts of July $32 strike calls (or the right to buy 1,066,300 shares of Micron Technology, Inc. (MU) at $32). The open interest was just 2,949 prior to this purchase. Continue reading “Unusual Options Activity – Micron Technology, Inc. (MU)”
Q2 Earnings Estimates Remain Subdued (Positive Timing?)
Data Source: Factset
The good news is that estimates have come down materially for Q2 – just as they did in Q1 and then dramatically beat the lowered expectations. Continue reading “Q2 Earnings Estimates Remain Subdued (Positive Timing?)”
Updated Sentiment Chart
Data Source: AAII
This updated chart gives a nice visual of the data we presented yesterday. As you can see above, it has not paid to get short below the high 30’s (bullish percent), but it has paid to get long below 30 (when pessimism was still high). The print from yesterday was 26.84%. There is still a wall of worry to climb. Continue reading “Updated Sentiment Chart”
Hedge Fund Trade Tip (PIN) – Position Idea Notification
Be in the know. 7 key reads for Friday…
- The Fed May Have Shrunk Its Balance Sheet Too Quickly (Barron’s)
- A Nudge From Dan Loeb Could Pay Dividends for Sony (Wall Street Journal)
- Juice for China’s Economy Is Coming (Wall Street Journal)
- United States and China suspend intellectual property litigation at WTO (Reuters)
- St. Louis Blues Break NHL Sales Record After Winning Stanley Cup (Bloomberg)
- An entrepreneur who interviewed 21 billionaires says the same 6 habits helped make all of them successful (Business Insider)
- 600-plus US companies urge Trump to end China tariffs (Washington Examiner)
Unusual Options Activity – Western Digital Corporation (WDC)
Today some institution/fund purchased 26,247 contracts of Jan $55 strike calls (or the right to buy 2,624,700 shares of Western Digital Corporation (WDC) at $39). The open interest was just 1,525 prior to this purchase. Continue reading “Unusual Options Activity – Western Digital Corporation (WDC)”
