Unusual Options Activity – Wells Fargo & Company (WFC)
Today some institution/fund purchased 5,002 contracts of June $57.5 strike calls (or the right to buy 500,200 shares of Wells Fargo & Company (WFC) at $57.5). The open interest was 2,815 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”
Where is money flowing today?
Be in the know. 10 key reads for Friday…
- U.S. adds 136,000 jobs in September, unemployment rate hits 50-year low (MarketWatch)
- The Dow Could Rebound in ‘a Matter of Days.’ One Way to Play the Comeback (Barron’s)
- Apple to Increase iPhone 11 Output by Up to 10%, Nikkei Reports (Bloomberg)
- Alphabet (GOOGL) PT Raised to ‘Street High’ $1,600 at Deutsche Bank; ‘Bullish on Google Cloud’ (Street Insider)
- ‘Sahm Rule’ enters Fed lexicon as fast, real-time recession flag (Reuters)
- Eddie Murphy says ‘Dolemite Is My Name’ (and Obama’s urging) spurred his return to stand-up (USA Today)
- The McRib is returning to McDonald’s menus at more than 10,000 locations across America (Business Insider)
- Soybean Futures Bounce Back After China Restarts Purchases (Wall Street Journal)
- The EU signaled it won’t retaliate after Trump said he’d slap Europe with $7.5 billion in tariffs (Business Insider)
- Ray Dalio: ‘I’m going to go quiet in about a year’ (Yahoo! Finance)
Hedge Fund Trade Tip (PCN) – Position Completion Notification
Unusual Options Activity – Wells Fargo & Company (WFC)
Today some institution/fund purchased 2,736 contracts of March $50 strike calls (or the right to buy 273,600 shares of Wells Fargo & Company (WFC) at $50). The open interest was 1,741 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”
