Tag: Financials

The Grace Potter “Falling or Flying” Stock Market (and Sentiment Results)…

This week’s pick for “theme song of the week” – to embody the sentiment of the Stock Market – is Grace Potter’s “Falling or Flying.”  After a 6% intra-week drawdown last week, this week we’ve made up for lost ground, and more…

Continue reading “The Grace Potter “Falling or Flying” Stock Market (and Sentiment Results)…”

Be in the know. 25 key reads for Saturday…

  1. Newly Flush PNC Could Kick Off the Next Round of Bank M&A (Barron’s)
  2. Oil Market Dazzled With a Swift Delivery of Supply Cuts (Bloomberg)
  3. Slash tax rate in half for corporations returning to US, White House adviser suggests (New York Post)
  4. McConnell says next stimulus must have coronavirus liability protections (New York Post)
  5. Appaloosa buys Twitter, Netflix stakes, exits Caesars, cuts Facebook position (TheFly)
  6. TSA Preparing to Check Passenger Temperatures at Airports Amid Coronavirus Concerns (Wall Street Journal)
  7. Wells Fargo Has Lost $220 Billion in Market Value Under Fed Cap (Bloomberg)
  8. Inside the Science and Companies Racing to Develop a Covid-19 Vaccine (Barron’s)
  9. John Malone Has a Great Investing Record. Here’s How to Play Along. (Barron’s)
  10. How Investors Should Evaluate Energy Bonds — And the Funds That Own Them (Barron’s)
  11. This Economist Sees a ‘Regime Change’ Favoring Stockpickers (Barron’s)
  12. Assessing the stock market after one of the fastest declines and subsequent comebacks in history (CNBC)
  13. On Furlough From the Kingdom, Disney Workers Try to Keep the Magic Alive (Wall Street Journal)
  14. Michael Jordan Didn’t Manage People, He Lit Them on Fire (Wall Street Journal)
  15. Car Makers See Chinese Market Picking Up (Wall Street Journal)
  16. Bill Murray drinks, jokes with Guy Fieri on Nacho Showdown: ‘Truth is, he’s a redhead’ (USA Today)
  17. Google Antitrust Lawsuit Being Drafted by U.S Justice Department (Bloomberg)
  18. Next coronavirus aid package expected to become reality ‘in June at the earliest,’ as House passes its bill (MarketWatch)
  19. Is this the pullback you’ve been waiting for? (QuantifiableEdges)
  20. JPMorgan Bets on a Dash for the Suburbs (Institutional Investor)
  21. What Happens to Stocks After a Big Up Month? (A Wealth of Common Sense)
  22. Bill Miller doesn’t see market as ‘dramatically overvalued,’ says Amazon could double in 3 years (CNBC)
  23. Loeb’s Third Point Builds Stake in Disney, Exits Campbell Soup (Bloomberg)
  24. Saudi wealth fund snaps up $7.7bn of blue-chip stocks (Financial Times)
  25. How bank hedging jolted investors into talk of negative rates (Financial Times)

Unusual Options Activity – Wells Fargo & Company (WFC)

Data Source: barchart

Today some institution/fund purchased 1,422 contracts of Jan 2021 $17.50 strike calls (or the right to buy 142,200 shares of Wells Fargo & Company (WFC) at $17.50). The open interest was just 285 prior to this purchase. Continue reading “Unusual Options Activity – Wells Fargo & Company (WFC)”