Markets

Billionaire investor Chamath Palihapitiya follows Reddit investors into GameStop with purchase of bullish options that start paying out if the stock soars another 28%

Billionaire investor Chamath Palihapitiya joined Reddit investors and piled into GameStop with a purchase of bullish call options on Tuesday. Palihapitiya tweeted on Tuesday that he purchased $US115 call options that expire on February 19. “Let’s gooooooo!!!!!!!!” Palihapitiya tweeted. Sign up here for our daily newsletter, 10 Things Before the […]
Billionaire investor Chamath Palihapitiya follows Reddit investors into GameStop with purchase of bullish options that start paying out if the stock soars another 28%
Markets

Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder

SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder
Markets

Wells Fargo says stock market volatility will balloon after US election

Markets should prepare for volatility to balloon after Election Day, Wells Fargo said Tuesday. Wells Fargo head of rates strategy Michael Schumacher told CNBC’s Trading Nation Tuesday, options are showing greater volatility. “The big takeaway is three month options vol is still quite high, and it has not really come […]
Wells Fargo says stock market volatility will balloon after US election
Markets

US stocks could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says

Markets are headed for a pullback for three reasons, BTIG’s long-time bull Julian Emanuel said Monday. “Rather than fear being priced in the options market, there’s fear of missing out,” he told CNBC’s “Trading Nation”. “That is a very abnormal position.” He said retail investor appetite, increasing volatility and a […]
US stocks could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says