Tag: Unusual Options Activity

Be in the know. 10 key reads for Thursday…

  1. Citi Raises China GDP Forecast, Saying Economy Has Bottomed Out (bloomberg)
  2. Goldman Sachs: These 40 stocks have the biggest upside right now ahead of a Q4 market rally — including one that could rise over 175% (businessinsider)
  3. How Intel’s New Spinoff Could Help It Take On Nvidia (barrons)
  4. Google’s Digital Assistant Gets Smarter, Teaming Up With Bard (barrons)
  5. Real Supercars Won’t Be Electric Until 2030, McLaren CEO Says (bloomberg)
  6. Ozempic Is Making People Buy Less Food, Walmart Says (bloomberg)
  7. Booking Flies High in a Tricky Travel Market. It Has Room to Go Higher. (barrons)
  8. AI Will Be Bigger Than Industrial Revolution, Says Leading AI Executive (barrons)
  9. Macau Casinos Get Their Mojo Back (wsj)
  10. You Gorged on Your European Vacation but Lost Weight. Why? (wsj)

Unusual Options Activity – Alibaba Group Holding Limited (BABA)

Data Source: Barchart

On Friday some institution/fund purchased 6,073 contracts of Dec. 2023 $160.00 strike calls (or the right to buy 607,300 shares of Alibaba Group Holding Limited (BABA) at $160.00). The open interest was just 4,025 prior to this purchase.

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