JetBlue takes off on bullish options activity

Low-cost airline JetBlue is up more than 8% on Tuesday, on pace for its biggest daily gain since August. If the price momentum holds, Tuesday will mark JetBlue’s sixth-best trading day of the past 52 weeks.

The carrier is being propelled by bullish options activity, with more than 53,000 call options changing hands as of 12:14 p.m. ET, nearly 4x the 20-day average for a full session.

JetBlue closed up 4.6% on Monday, as traders appeared to price in medium-term oil supply relief due to the possibility of Venezuela’s reserves getting more developed amid tensions with the US.

More Markets

See all Markets

Tasha Matsumoto

S&P 500 closes lower after notching new intraday high

The Nasdaq 100 eked out a small gain, while the Russell 2000 fell.

CHICAGO, ILLINOIS - NOVEMBER 17: Mascot Staley Da Bear of the Chicago Bears runs onto the field prior to an NFL football game against the Green Bay Packers at Soldier Field on November 17, 2024 in Chicago, Illinois.

Matt Phillips3h

Blackstone and Invitation Homes get hammered as Trump calls for ban on Wall Street buying single-family homes

Shares of Blackstone and Invitation Homes dove early Wednesday afternoon after President Trump called on Congress to pass a law banning large institutional investors from buying single-family homes.

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

Nationwide, institutional investors own a small share — less than 1%, according to the right-leaning American Enterprise Institute — of US single family homes, which has led some to argue that they have had a relatively small impact on housing prices. But their concentration in particular markets, such as Atlanta, Dallas, Houston, and Charlotte, has prompted others, like center-left think tank Third Way, to argue that their purchases can have an effect on specific markets, neighborhoods, or certain types of houses.

Donald J. Trump (@realDonaldTrump)

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

Matt Phillips4h

Intel surges amid CES announcements, Mobileye news

Intel surged to a new 52-week high in early trading, though it gave back a large chunk of the early gains by the afternoon. There were few headlines that could clearly explain the run-up of gains, which peaked around 11%.

One potential driver of the move might be optimism surrounding the company’s unveiling of a new line of processors at the Consumer Electronics Show on Tuesday.

Another possible candidate was the reflected glow of a deal announcement from Mobileye, the autonomous driving company that Intel holds a significant stake in.

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

Finally, news that Qualcomm is perhaps looking to use contractors outside Taiwan for its next-generation chip — though it’s reportedly speaking to Korea’s Samsung for that, not Intel — may be raising hopes that chipmakers looking to diversify away from Taiwan could become customers for Intel’s troubled contract chipmaking division.

But again, there’s no clear reason to point to for its outperformance on Wednesday.

Mobileye Acquires Startup Mentee Robotics for $900 Million

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

But again, there’s no clear reason to point to for its outperformance on Wednesday.

Toby Bochan

Managing futures risk: Understanding how much you stand to make or lose

The leverage futures offer can cut both ways.

FINAL BOSS

Exciting Atoms

Luke Kawa

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.