Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 1,746 contracts of June $215 strike calls (or the right to buy 174,600 shares of Alibaba Group Holding Limited (BABA) at $215).   The open interest was just 739 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 17 key reads for Wednesday…

  1. OPEC Meets Thursday. What It Means for Oil Prices. (Barron’s)
  2. Buffett, Munger on Zoom, Robinhood, and Lessons From the Pandemic (Barron’s)
  3. Didi Prices Its IPO at $14. Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday. (Barron’s)
  4. Private Equity Gears Up for the Siege of Japan Inc. (Wall Street Journal)
  5. Warren Buffett and Charlie Munger slam Robinhood, blast Archegos’ lenders, and reflect on their iconic friendship in a new interview. Here are the 15 best quotes (Business Insider)
  6. The rotation into value stocks will get a new lease of life as the US economy booms, JPMorgan strategist says (Business Insider)
  7. How Twitch became the go-to platform for creators to make money (USA Today)
  8. It’s going to get trickier for the stock market. Here’s what to watch now, says HSBC strategist. (Market Watch)
  9. United Airlines Bets on Post-Pandemic Growth With Its Biggest-Ever Jet Order (Wall Street Journal)
  10. Supreme Court Rules New Jersey Can’t Block Natural-Gas Pipeline (Wall Street Journal)
  11. Carried Interest Tax Break Unites PE Firms as Congress Takes Aim (Bloomberg)
  12. BofA Securities Makes Big Summer Changes to US 1 List of Top Stock Picks (24/7 Wall Street)
  13. Private payrolls rise 692,000 in June, easily topping expectations (CNBC)
  14. Buffett reflects on his first meeting with Munger: ‘I’m not going to find another guy like this’ (CNBC)
  15. Lumber prices dive more than 40% in June, biggest monthly drop on record (CNBC)
  16. General Mills (GIS) Tops Q4 EPS by 7c (Street Insider)
  17. Banks turn to blockchains to reform costly bond market (Financial Times)

Be in the know. 14 key reads for Tuesday…

  1. Fannie and Freddie Overhaul Reboot Benefits Many Mortgage Players (Wall Street Journal)
  2. Companies Are Giving Earnings Guidance Again. Why That’s Good for Stocks. (Barron’s)
  3. How Nadella Shook Up the Company’s Strategy—and Saw Big Gains (Barron’s)
  4. Boeing Gets Huge MAX Order. It’s a Bigger Deal Than the Latest Bad News. (Barron’s)
  5. Morgan Stanley and Wells Fargo Doubled Their Dividends. What It Means for Their Stocks. (Barron’s)
  6. A top Fed official says digital currency may be the money equivalent of parachute pants. (New York Times)
  7. Don’t Count on Needing a Covid Booster Shot, WHO Scientist Says (Bloomberg)
  8. Big tech and healthcare stocks stand to lose most from potential Biden tax hikes, BlackRock says (Business Insider)
  9. SEC’s Gensler aims to be ‘transformational’ Wall Street cop (Fox Business)
  10. Royal Caribbean Cruises (RCL) Sell Off Creates Buying Opportunity, Thoughts from CFO Meeting – Stifel (Street Insider)
  11. Costly New Alzheimer’s Drug Could Force Medicare to Restrict Access (Wall Street Journal)
  12. Full FDA approval of Pfizer’s and Moderna’s COVID-19 shots would reinvigorate the U.S. vaccination push — but it could still be months away (MarketWatch)
  13. Reflation trade unwind wrongfoots several big-name hedge funds (Financial Times)
  14. Fired by Bot at Amazon: ‘It’s You Against the Machine’ (Bloomberg)

Be in the know. 15 key reads for Monday…

  1. United Airlines Drops a Profit Bomb. It Will Make Money in July. (Barron’s)
  2. Money Losers Are Flooding the Market With New Shares (Barron’s)
  3. OPEC+ Expected to Boost Oil Production This Week (Barron’s)
  4. Big Banks Seen Increasing Dividends by 10% on Average (Barron’s)
  5. Commodities Remain a Popular Bet Despite Recent Declines (Wall Street Journal)
  6. Americans Are Leaving Unemployment Rolls More Quickly in States Cutting Off Benefits (Wall Street Street)
  7. Latest ‘Fast & Furious’ Movie Leads Weekend Box Office (Wall Street Journal)
  8. During Covid-19, Most Americans Got Richer (Wall Street Journal)
  9. U.S. Conducts Airstrikes in Syria and Iraq Against Iranian-Backed Militias (Wall Street Journal)
  10. ‘Drill, Baby, Drill’ Is the Future (Wall Street Journal)
  11. ‘If Content is King in Streaming, Netflix (NFLX) Still Wears The Crown’: Credit Suisse Upgrades to ‘Outperform’ (Street Insider)
  12. Fed’s Kashkari says inflation will be temporary, workers will return (Street Insider)
  13. Goldman Sachs Has 5 Red-Hot Natural Gas and LNG Stocks To Buy Now (24/7 Wall Street)
  14. US shale patch resists temptation for new drilling rush (Financial Times)
  15. Gene Editing Data Look Good for Intellia. How It Made History. (Barron’s)

Be in the know. 16 key reads for Sunday…

Source: Bloomberg

  1. Liver Study Results Show How Crispr Could Transform Treatment (Bloomberg)
  2. CRISPR injected into the blood treats a genetic disease for first time (sciencemag)
  3. Joe Moglia on Going From Football to Wall Street (Podcast) (Bloomberg)
  4. Dumb Money No More: How David Ellison Became a Hollywood High Flier (New YorkTimes)
  5. NASDAQ’s Mid-Year Rally Begins Early (Almanac Trader)
  6. The ‘Great Reshuffling’ Is Shifting Wealth to the Exurbs (Wall Street Journal)
  7. Remote Learning Threatens the $670 Billion College-Industrial Complex (Wall Street Journal)
  8. Billionaire Leon Cooperman is Crazy About these 10 Stocks (Insider Monkey)
  9. These Are Ten Stocks With Largest Number Of Hedge Fund Buyers (ValueWalk)
  10. ECRI Weekly Leading Index Update (Advisor Perspectives)
  11. ‘The Market Is Red Hot’: Flying Privately Is Reaching Record Highs as Personal Travel Surges (Robb Report)
  12. Here’s What’s in the Six Antitrust Bills That Could Finally Break Up Big Tech (gizmodo)
  13. The Precautionary Principle: Better Safe than Sorry? (Farnam Street)
  14. Hyun Song Shin on CBDCs and the Future of Central Banking (Bloomberg)
  15. The Global IPO Market Has Never Been Hotter Than It Is Right Now (Bloomberg)
  16. Iran says nuclear site images won’t be given to IAEA as deal has expired (CNBC)

Be in the know. 20 key reads for Saturday…

  1. NextEra Is the Country’s Biggest Electric Utility—and a Leader in Renewables (Barron’s)
  2. Inner Game with Steven Cohen (Stray Reflections)
  3. Feds accelerating crypto world crackdown (Fox Business)
  4. OPEC+ Expected to Boost Oil Production Next Week (Barron’s)
  5. The Banks Passed Stress Tests. Now They Get to Announce Payouts. (Barron’s)
  6. Pfizer Developed a Vaccine in Less Than a Year. There’s More to Come. (Barron’s)
  7. Larry Culp Is Building a Leaner, Meaner, More Profitable GE (Barron’s)
  8. Jamie Dimon on JPMorgan Chase: ‘There Isn’t a Single Area Where We Can’t Grow.’ (Barron’s)
  9. Larry Fink Made BlackRock a Powerhouse. Why He’s Bullish on China. (Barron’s)
  10. Progressive’s CEO Has Grown the Auto Insurer. Warren Buffett Approves. (Barron’s)
  11. Brian Moynihan Has Run Bank of America Conservatively. Shareholders Have Prospered.(Barron’s)
  12. Lightning return to Stanley Cup Final with Game 7 win vs. Islanders (USA Today)
  13. Two Energy Stocks See Large Insider Share Buys (Barron’s)
  14. 3 Reasons Nike Stock Is Soaring After Earnings (Barron’s)
  15. Our Top CEOs: Meet 30 Leaders Who Turned Crisis Into Opportunity (Barron’s)
  16. General Dynamics CEO Phebe Novakovic Believes in Patriotism and Resilience (Wall Street Journal)
  17. Haters Everywhere in Stock Market After S&P 500’s Big First Half (Bloomberg)
  18. Consumer Spending Is Primed to Fuel Summer Growth (Wall Street Journal)
  19. 2021 Tesla Model S Plaid: Feel the Force—0-60 in 2 Seconds (Wall Street Journal)
  20. Why Wall Street loves Joe Manchin right now (CNN)