Unusual Options Activity – Activision Blizzard, Inc. (ATVI)

Data Source: barchart

Today some institution/fund purchased 11,336 contracts of Feb $90 strike calls (or the right to buy 1,133,600 shares of Activision Blizzard, Inc. (ATVI) at $90).   The open interest was just 802 prior to this purchase. Continue reading “Unusual Options Activity – Activision Blizzard, Inc. (ATVI)”

Be in the know. 20 key reads for Wednesday…

  1. Apollo seeks $500 million fund to invest in SPACs -sources (Reuters)
  2. Wall Street, China to Revive Talks in Hunt for Common Ground (Bloomberg)
  3. The S&P 500 Has Been Soaring. These 10 Stocks Are Still Cheap. (Barron’s)
  4. There Are Tentative Signs the Out-of-Control Housing Market Is Healing (Barron’s)
  5. Try SPACs as an ‘Option on Exuberance,’ Says Hedge-Fund Investor Boaz Weinstein (Barron’s)
  6. Sarepta Stock Is Down 57% This Year. Why the Biotech Could Make a Comeback. (Barron’s)
  7. Future Returns: Finding Value in Asian Emerging Markets (Barron’s)
  8. China Reopens World’s Third Busiest Port. What This Means for Trade. (Barron’s)
  9. How Coinbase Stock Can Rise Even Without a Bitcoin Boost (Barron’s)
  10. J&J Says Covid-19 Booster Prompts Strong Immune Response (Wall Street Journal)
  11. Chinese Factories ‘Can Hardly Find Any Workers’ (Wall Street Journal)
  12. SEC Chief Warns ‘Clock Is Ticking’ on Delisting Chinese Stocks (Bloomberg)
  13. Cathie Wood Is More Optimistic Than Pessimistic About China (Bloomberg)
  14. China Economists Say ‘Common Prosperity’ Won’t Rob the Rich (Bloomberg)
  15. Pharma’s Appetite for Biotech Deals Bodes Well (Wall Street Journal)
  16. S&P 500 targets are rising left and right (Yahoo! Finance)
  17. Bankers continue to talk up ViacomCBS sale but say there’s no obvious buyer right now: Gasparino (Fox Business)
  18. Sam Zell Partners With Toll on $1.9 Billion Apartment Deal (Yahoo! Finance)
  19. Powell unlikely to give tapering roadmap for investors at Jackson Hole meeting (Fox Business)
  20. House Democrats advance $3.5tn spending package (Financial Times)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 2,530 contracts of June 2022 $190 strike calls (or the right to buy 253,000 shares of Alibaba Group Holding Limited (BABA)at $190).   The open interest was 1,336 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”

Be in the know. 15 key reads for Tuesday…

  1. Alibaba and Other Chinese Tech Stocks Are Rallying. Cathie Wood Is Back in the Game. (Barron’s)
  2. China’s Central Bank Vows to Boost Credit Support, Stabilize Money Growth (Bloomberg)
  3. China’s cyberspace regulator lays out two main conditions for companies wanting to go public (CNBC)
  4. Cigna Corp. (CI) Announces $2 Billion Accelerated Stock Repurchase Agreements (Street Insider)
  5. China Tech Stocks Rebound as Cathie Wood Joins Bargain Hunters (Bloomberg)
  6. JD.com (JD) Soars After Adding Record Users in Q2, Goldman’s New PT Implies a Near 100% Upside; Cathie Wood Increases its Stake (StreetInsider)
  7. Chinese tech stocks rally as JD.com and Alibaba surge nearly 9% (CNBC)
  8. These 15 stocks of retailers are expected to rise up to 97% over the next year (MarketWatch)
  9. Goldman Sachs raises odds on U.S. Fed taper announcement in Nov (Reuters)
  10. Morgan Stanley’s Slimmon Says Buy Reopening Before Too Late (Bloomberg)
  11. Didi Suspends International Expansion Over Privacy Concerns. Why the Stock Is Rising. (Barron’s)
  12. Intel Wins Defense Department Contract for Advanced Chips (Barron’s)
  13. Fed Chairman Powell Navigates the Inflation Debate (Wall Street Journal)
  14. New Appetite for Mortgage Bonds That Sidestep Fannie and Freddie (Wall Street Journal)
  15. The World’s Hottest Smartphone Brand Is Chinese—and It Isn’t Huawei (Wall Street Journal)