Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Monsanto Co (Symbol: MON), where a total volume of 15,493 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying… Read More »
Sonoco Products Company SON completed the acquisition of Peninsula Packaging Company for $ 230 million. The buyout will significantly boost Sonoco’s thermoforming packaging capabilities. Founded in 2001, Exeter, CA-based Peninsula Packaging is owned by a fund managed by Odyssey Investment Partners, LLC. It is a leading manufacturer of thermoformed packaging for fresh fruit and vegetables.… Read More »
This was pretty much the market you’d expect on the day before a big announcement. The Fed meeting started today; the fallout comes tomorrow. There’s going to be a hike, but how many more hikes can we expect this year? The market is betting on 3. If Fed Chair Yellen suggests any more than that,… Read More »