Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)

Data Source: barchart

Today some institution/fund purchased 16,319 contracts of July $12 strike calls (or the right to buy 1,631,900 shares of Petróleo Brasileiro S.A. – Petrobras (PBR) at $12). The open interest was just 378 prior to this purchase. Continue reading “Unusual Options Activity – Petróleo Brasileiro S.A. – Petrobras (PBR)”

Be in the know. 15 key reads for Wednesday…

  1. FDIC: Banks’ net profits climbed $32.4 billion to $51.2 billion in the third quarter. Earnings were largely boosted by a $47.5 billion decline in loan-loss provisions. (Business Insider)
  2. Why 2021 May at Last Be the Year of the Great Rotation (Barron’s)
  3. Investors are overlooking this one thing, major bank says as it sets 4,000 target on S&P 500 (MarketWatch)
  4. Bank of America says says investor bullishness is rising, but is not yet euphoric. Here why that signals the S&P 500 could gain 10% over the next year. (Business Insider)
  5. The Manufacturing Recovery Continues. That’s Good News for These Stocks. (Barron’s)
  6. China Delisting Bill Could Pass This Week in U.S. What That Means For Investors. (Barron’s)
  7. Mnuchin, Pelosi Discuss Stimulus Package (Barron’s)
  8. Asserting Authority. The Energy Report 12/02/2020 (Phil Flynn)
  9. Pelosi, McConnell Fan Stimulus Hopes With 2020 Clock Running Out (Bloomberg)
  10. U.K. Clears Pfizer Covid Vaccine for First Shots Next Week (Bloomberg)
  11. Asia’s 20 Richest Families Control $463 Billion (Bloomberg)
  12. Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high (CNBC)
  13. Jefferies Raises 2021 S&P Target to 4200 as GDP Beat Expectations and Positive Vaccine News (Street Insider)
  14. Biden says will not kill Phase 1 trade deal with China immediately: NYT (Reuters)
  15. Will Moneyball Finally Crack the Game of Active Management? (Institutional Investor)