Hedge Fund Tips

Be in the know. 10 key reads for Thursday…

Poker-Playing Hedge Fund Managers Have an Edge (Bloomberg)
Anchors From Fox and Chinese State TV Hold Live Debate on Trade (New York Times)
The Race to Replace Larry Fink (Institutional Investor)
Best Selling Country Albums of the Last 10 Years (24/7 Wall Street)
Taking aim at U.S., China says provoking trade disputes is ‘naked economic terrorism’ (Reuters)
The Case for a Biogen Acquisition — and 3 Potential Targets (Barron’s)
Asian Fried Chicken Soars to New Heights (Wall Street Journal)
Blackstone Starts Selling Out of Home-Rental Empire (Wall Street Journal)
The Music Executive Behind the Country-Rap Hit ‘Old Town Road’ (Wall Street Journal)
Why So Many Economic Forecasters Missed the Great Recession (Bloomberg)

Source: Finviz

This is not the price action I would expect to see in Soybeans, Hogs, and Gas given all of negativity today around China. Is something brewing?

Today some institution/fund purchased 3,100 contracts of August $33 strike calls (or the right to buy 310,000 shares of American Airlines Group Inc. (AAL) at $33). The open interest was just 2,236 prior to this purchase. Continue reading “Unusual Options Activity – American Airlines Group Inc. (AAL)”

Data Source: Finviz

On May 24, 2019, Marvin Ellison – CEO of Lowe’s Companies, Inc. (LOW) – purchased 10,000 shares of OW at $95.05. His out of pocket cost was $950,538.

In the spreadsheet above I have tracked the earnings estimates for the Communication Services Sector ETF (XLC). Continue reading “Communication Services Earnings Estimates/Revisions”

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CVS Is Hosting an Investor Day as the Stock Swoons. Here’s the Case for a 40% Surge. (Barron’s)
Are Stocks as Expensive as Shiller’s Measure Says? (Wall Street Journal)
Catching Up With the Man Who Lost $35 Billion in One Year (Bloomberg)
Strategists see Wall Street moving higher despite trade war risks: Reuters poll (Reuters)
Apple and 9 other stocks that tend to heat up in the summer (MarketWatch)
US declines to label China a “Currency Manipulator” in recent report – “direct intervention in foreign exchange markets by the People’s Bank of China (PBOC) over the last several months appears limited.” (U.S. Treasury)

Today some institution/fund purchased 14,868 contracts of August $46 strike calls (or the right to buy 1,486,800 shares of Intel Corporation (INTC) at $46). The open interest was just 152 prior to this purchase. Continue reading “Unusual Options Activity – Intel Corporation (INTC)”