Be in the know. 10 key reads for Monday…

  1. OPEC+ Sets Path To End Output Limits, Avoid More Chaos (Investor’s Business Daily)
  2. Top China Fund Manager Bets on Tech as Beijing Tightens Grip (Bloomberg)
  3. Tech Earnings Are Back and Bigger Than Ever (Barron’s)
  4. Senate Infrastructure Bill Drops IRS Funding, Raising Pressure for New Revenue (Wall Street Journal)
  5. Record Stock Rally Ignores Wall Street’s Phobia About Optimism (Wall Street Journal)
  6. The Failure of China’s Microchip Giant Tests Beijing’s Tech Ambitions (New York Times)
  7. China Military Held Beach Assault Drill to Warn Taiwan, U.S. (Bloomberg)
  8. Xpeng prices its new sedan at $24,700 undercutting Tesla’s Model 3 in China (CNBC)
  9. Tencent says it’s buying UK video game developer Sumo Group, sending shares flying (CNBC)
  10. Pfizer says FDA’s decision to approve its COVID-19 vaccine is expected by January (MarketWatch)

Be in the know. 24 key reads for Sunday…

  1. Chinese tech giants pledge fair competition amid antitrust push (technode)
  2. Mat Ishbia on Leadership and Mortgage Lending (Podcast) (Bloomberg)
  3. Christie Brinkley: The non-negotiable daily habit that gives her energy and focus (CNBC)
  4. Aston Martin Reveals 937hp Valhalla Hybrid Supercar (Forbes)
  5. 10 Best Blue Chip Dividend Stocks Hedge Funds Are Buying (insidermonkey)
  6. 4 Very Well-Known Companies Highlight Stocks to Buy Under $10 (24/7 Wall Street)
  7. Warren Buffett and Charlie Munger: ‘We made a lot of money’ but here’s ‘what we really wanted’ (CNBC)
  8. 2021 Bentley Continental GT V8 Review: The Latest Chapter In A Great Design Story (Forbes)
  9. ECRI Weekly Leading Index Update (Advisor Perspectives)
  10. Force of nature: How the unstoppable Marc Benioff fueled Salesforce’s stratospheric rise (Fortune)
  11. McLaren Gets $760 Million From Investors Including Saudi Fund (Bloomberg)
  12. One of America’s Best Gilded Age Palaces Isn’t Where You’d Expect (The Daily Beast)
  13. The Lesson of Little Island: Less Is More (Bloomberg)
  14. OPEC and allies target full end to oil production cuts by September 2022, increase supply limits as prices climb (CNBC)
  15. OPEC+ to Boost Oil Output After Saudi-UAE Compromise Deal (Bloomberg)
  16. Fund Managers Ride Out Pandemic by Sticking With Old Playbooks (Bloomberg)
  17. Inflation Earnings Pressures Put Pricing Power in Driver’s Seat (Bloomberg)
  18. This Classic V12-Powered Ferrari F50 Can Now Be Yours (Maxim)
  19. How John D. Rockefeller Set the Standard for Today’s Billionaires (Maxim)
  20. The Great Inflation (Classic) (NPR Planet Money)
  21. How Description Leads to Understanding (Farnam Street)
  22. How Designer DNA Is Changing Medicine (Scientific American)
  23. Iran’s plans for research reactor fuel imperil revival of nuclear deal (Science)
  24. Structural basis for target-site selection in RNA-guided DNA transposition systems (Science)

Be in the know. 32 key reads for Saturday…

  1. 42 Bargains in a Pricey Market (Barron’s)
  2. Pfizer Vaccine Granted Priority Review for Full U.S. Approval (Bloomberg)
  3. 2 Undervalued Stocks With Sturdy Dividends (Morningstar)
  4. Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee (Wall Street Journal)
  5. Bill Miller 2Q 2021 Market Letter (Miller Value)
  6. Charlie Munger: 11 Intelligent Things To Do (CMQ)
  7. Intel’s Potential Merger With GlobalFoundries Is a Smart Deal. Here’s Why. (Barron’s)
  8. Japan Becomes a Hotbed of Investor Activism After a Win at Toshiba (Barron’s)
  9. Krispy Kreme’s Largest Shareholder Bought More Stock (Barron’s)
  10. How to Fight and Win the Semiconductor War (Barron’s)
  11. Big Contrarian Investor Sold Apple, Microsoft Stock, Bought Pfizer and Merck (Barron’s)
  12. The 5G Rollout Is Just Beginning. And AT&T Has to Convince Consumers of the Magic. (Barron’s)
  13. Walgreens, Cummins Raise Their Payouts in a Busy Week for Dividend Increases (Barron’s)
  14. Higher June Retail Sales Bolsters U.S. Recovery (Wall Street Journal)
  15. Demand for loan ETFs ‘skyrockets’ as inflation worries intensify (Financial Times)
  16. ‘Strange’ bond reaction to US inflation data puzzles investors (Financial Times)
  17. Replacing Powell Would Be an Unforced Error (Bloomberg)
  18. The UBI Skeptics May Be Right (Bloomberg)
  19. Some investors are betting big on Chinese tech despite Cathie Wood’s warning of a ‘valuation reset’ (Business Insider)
  20. China tech stocks are on sale — one key level to watch if you’re considering buying (CNBC)
  21. Yellen Says China Trade Deal Has ‘Hurt American Consumers’ (New York Times)
  22. Iran’s Nuclear Advances Complicate Biden’s Bid to Revive 2015 Deal (Wall Street Journal)
  23. Jack Dorsey says Square will launch bitcoin DeFi platform (Financial Times)
  24. China Wants a Chip Machine From the Dutch. The U.S. Said No. (Wall Street Journal)
  25. Want to Buy a Luxury Watch? Read These 7 Pro Tips First (Wall Street Journal)
  26. OPEC+ Calls Meeting for Sunday After Progress Toward Deal (Bloomberg)
  27. Bill Priest’s outlook for the market: ‘The demand side of the economy is going to be very strong’ (Foxx Business)
  28. Netflix is trying to beat competitors by adding video games (CNN Business)
  29. Think Rates Have to Rise For Value to Advance? That is ‘Absolutely Not True,’ Says Cliff Asness (Institutional Investor)
  30. 4 Energy Stocks That Have Just Turned Cheap (Morningstar)
  31. Dealing With Mistakes (Neckar)
  32. Bill Nygren Market Commentary | 2Q21 (Oakmark Funds)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: barchart

Today some institution/fund purchased 4,066 contracts of Jan 2022 $275 strike calls (or the right to buy 406,600 shares of Alibaba Group Holding Limited (BABA) at $275). The open interest was just 1,183 prior to this purchase. Continue reading “Unusual Options Activity – Alibaba Group Holding Limited (BABA)”