Could Berkshire Hathaway Inc. See a Reversal After Today’s Strong Options Activity?

 Could Berkshire Hathaway Inc. See a Reversal After Today's Strong Options Activity?

In today’s session Berkshire Hathaway Inc. (BRKB) registered an unusually high (3,675) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BRKB increase. With 3,675 contracts traded and 68774 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BRKB170120C00160000 closed last at: $0.3 or 3.2% down. About 1.61M shares traded hands. Berkshire Hathaway Inc. (NYSE:BRK.B) has risen 4.96% since April 7, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.

Berkshire Hathaway Inc. is a holding firm owning subsidiaries engaged in various business activities. The company has a market cap of $364.21 billion. The Firm conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. It has a 0.01 P/E ratio. The Company’s divisions include GEICO, General Re Corporation , Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products.

BRK.B Company Profile

Berkshire Hathaway Inc., incorporated on June 16, 1998, is a holding firm owning subsidiaries engaged in various business activities. The Firm conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. The Company’s divisions include GEICO, General Re Corporation (General Re), Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products. The Company’s insurance and reinsurance business activities are conducted through various domestic and foreign insurance entities. The Company’s insurance businesses provide insurance and reinsurance of property and casualty risks and also reinsure life, accident and health risks across the world.

More notable recent Berkshire Hathaway Inc. (NYSE:BRK.B) news were published by: Investorplace.com which released: “Berkshire Hathaway Inc. (BRK.B) Stock Lifted by a Q3 Beat” on November 07, 2016, also Wsj.com with their article: “Berkshire Hathaway Reports Higher Revenue” published on November 04, 2016, Marketwatch.com published: “Warren Buffett’s Berkshire Hathaway posts lower profit” on November 04, 2016. More interesting news about Berkshire Hathaway Inc. (NYSE:BRK.B) were released by: Investorplace.com and their article: “Berkshire Hathaway Inc. (BRK.B) Needs to Return to the Acquisition Buffet” published on October 12, 2016 as well as 247Wallst.com‘s news article titled: “9 Big Losers From Hillary Clinton Not Winning the White House” with publication date: November 09, 2016.

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