Boeing Co (NYSE: BA) shares traded lower by another 11.8% on Wednesday as the stock market experienced yet another volatile trading session.A pair of large Boeing option trades were mixed in nature, with one deep-pocketed Boeing bull making a massive bet on a sharp recovery for the stock.The Trades On Wednesday, Benzinga Pro subscribers received two option alerts related to unusually large trades of Boeing options: * At 9:30 a.m., a trader bought 1,465 Boeing call options with a $170 strike price expiring on Sept. 18 near the ask price at $21. The trade represented a bullish bet worth $3.07 million. * At 1:01 p.m., a trader bought 509 Boeing put options with a $100 strike price expiring on April 17 near the ask price at $4.651. The trade represented a $236,735 bearish bet.Extreme market volatility has pulled the rug out from under a lot of traders. Attend the virtual Benzinga...
Shares of Sysco Corporation (NYSE: SYY) were lower by around 13% Wednesday afternoon following a Tuesday New York Post report which suggested the food distributor giant temporarily stopped selling fresh meat and produce.Sysco's Memo To Customers Food wholesalers and distributors are scrambling to alter their business model to account for major losses at restaurants, hotels, schools and other large institutions, according to the Post.Sysco, the country's largest food distributor, told its non-supermarket customers in a memo that it will focus on frozen chicken, beef, seafood and vegetables "for the interim period."Sysco also said in its memo that it will no longer deliver products on Saturdays and no longer accept returns, the Post said.The company can no longer guarantee shipping dates, as it is looking to save on transportation costs by consolidating shipping routes, the report said. In addition, a company filing confirmed it fired and furloughed workers across sales, warehouse, transportation...
(Bloomberg) -- Bank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they’ve lost income as a result of the pandemic.The borrowers have all kinds of home loans, including some that are not federally backed, said Bill Halldin, a spokesman for Bank of America.To qualify for the government forbearance program, passed last week by Congress as part of the stimulus package, homeowners must contact their lenders and request help. It’s only for people who have a hardship because of the coronavirus, though it doesn’t require them to present proof.The new legislation allows borrowers with federally backed mortgages to stop making payments for as many as 180 days, with the possibility of extending that period. But it’s not supposed to be a payment holiday. They’ll have to make it up, interest and all.Servicers have reported a surge in calls though some lenders like...
If Meghan Markle ever decided to pivot into music, her first video should be a nod to Taylor Swift’s “Look What You Made Me Do.” Except the Duchess’ version would sign off with her new out of office message:“Many thanks for your email. The office of the Duke and Duchess of Sussex has now closed.”But the former actress, now former-royal, has better things to do than indulge our pop culture fantasies. The January conversation with Queen Elizabeth II that led to the Sussex’s shocking announcement that they are stepping away from their royal duties officially goes into effect today. So if you’re trying to reach the Sussexes, you’re already too late. Meghan and Harry will no longer have an office in Buckingham Palace and they recently let go of their London staff. Palace spokespeople and representatives will no longer act on behalf of the Duke and Duchess, and they can no longer...
