News Formal

Options investor makes big bets on Nasdaq's popular 'FANG' stocks

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

[NEW YORK] An investor bought large blocks of upside call options on Thursday in companies such as Netflix and Amazon.com, trades reminiscent of outsized options purchases made in August by a large investor known as the 'Nasdaq whale.' The unknown investor purchased calls expiring in January and March for Netflix, Amazon, Facebook and Alphabet Inc while selling shares of those companies, said Christopher Murphy, co-head of derivatives strategy at Susquehanna Financial Group. Read more at The Business Times.

An investor bought large blocks of upside call options on Thursday in companies such as Netflix and Amazon.com, trades reminiscent of outsized options purchases made in August by a large investor known as the "Nasdaq whale."[NEW YORK] An investor bought large blocks of upside call options on Thursday in companies such as Netflix and Amazon.com, trades reminiscent of outsized options purchases made in August by a large investor known as the"Nasdaq whale.

The four companies are collectively known among investors as the"FANG" group, for the first letters of Facebook, Amazon, Netflix and Alphabet's Google. Such a trade involving options allows an investor to reduce stock exposure while maintaining the ability to benefit from future gains in stock prices.

In total, the investor paid a premium of about US$180 million for the options, which have a notional value of roughly US$1.7 billion, according to data from Trade Alert. Some market watchers have attributed similar large call purchases in tech-related names made in August to SoftBank Group. Those institutional trades came during a flurry of call buying driven by retail investors.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 15. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Options investor makes big bets on Nasdaq's popular 'Fang' stocksNEW YORK (REUTERS) - An investor bought large blocks of upside call options on Thursday (Oct 1) in companies such as Netflix and Amazon.com, trades reminiscent of outsized options purchases made in August by a large investor known as the 'Nasdaq whale.'. Read more at straitstimes.com.
Sumber: The Straits Times - 🏆 8. / 63 Baca lebih lajut »

Wall Street rises on stimulus bets as labor market rebound coolsWall Street's main indexes rose on the first day of the fourth quarter on Thursday as investors bet on more fiscal stimulus after data showed a ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Hot stock: Sembmarine shares rise 2.8% as investors gain optimism on potential mergerSEMBCORP Marine (SMM) shares rose 2.8 per cent on Wednesday following Keppel Corporation's Vision 2030 update on Tuesday which included the commencement of a strategic review of its offshore and marine (O&M) segment. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Japan stocks trade halted due to technical glitch; Nikkei futures riseJapanese shares remained suspended at midday break on Thursday after the Tokyo Stock Exchange (TSE) earlier halted trading in all stocks citing ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »