Unusual Option Activity for Dec-10-2020 CCJ, EGO, FSLY, NET

Daily Synopsis -

    • The S&P 500 -0.03% today while the NASDaq had a small gain of (+0.37%). The Russell 2000 advanced (+0.97%). The Dow ended in negative territory at (-0.11%)
    • The best performing sector was Energy(+3.07%) while Industrials(-0.95%)was the worst performer.
    • While retail investors didn’t benefit from the Airbnb IPO pop, but they did have plenty of opportunities on this stock-picker kind-of-day.
    • Starbucks (SBUX 105.39, +4.99, +5.0%) shares rose 5% after the company issued a stronger earnings outlook for the next few years. Snap (SNAP 53.19, +4.04, +8.2%) and Twitter (TWTR 51.21, +3.98, +8.4%) announced an integrated partnership, sending both shares sharply higher.
    • Adobe (ADBE 476.87, -6.87, -1.4%) reported positive earnings results and upbeat guidance, but it wasn’t enough to inspire a positive stock reaction.
    • Separately, weekly initial jobless claims increased by 137,000 to 853,000 (consensus 720,000) to reach its highest level since the week of September 18. The disappointing unemployment data was perhaps an incentivizing factor for stimulus talks, which reportedly progressed today.
    • Looking ahead, investors will receive the Producer Price Index for November and the preliminary University of Michigan Index of Consumer Sentiment for December on Friday.
Index Summary / Sector Summary -

S&P 500 : (-0.03%); NasDaq : (+0.37%);
Russell 2000 :(+0.97%); Dow :(-0.11%);
Vix :22.27 (+1.12%); [+5.83%]; {+8.06%}
Three highest sectors for today were –
Energy: (+3.07%); Financials: (+0.17%); Information Technology: (+0.14%)
Three lowest sectors for today were –
Industrials: (-0.95%); Materials: (-0.61%); Real Estate: (-0.55%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
MDB 319.165 +39.155,(+13.98%)
PHR 56.36 +3.75,(+7.13%)
GME 14.12 +0.46,(+3.37%)
CHWY 78.07 +2.5,(+3.31%)
CMD 74.27 +1.49,(+2.05%)
GWRE 121.84 +0.92,(+0.76%)
AZO 1137.85 +1.18,(+0.1%)
LQDT 15.78 -0.01,(-0.06%)
AVAV 86.48 -1.96,(-2.22%)
HRB 15.96 -0.42,(-2.56%)

Earnings info Wednesday –
VERU 5.97 +2.08,(+53.47%)
UNFI 17.01 +0.9,(+5.59%)
LULU 369.62 +6.06,(+1.67%)
LOVE 40.67 +0.26,(+0.64%)
VRA 7.26 +0.03,(+0.41%)
PLAB 11.11 0.0,(0.0%)
ADBE 476.91 -6.83,(-1.41%)
RH 452.85 -14.98,(-3.2%)
GEF 47.94 -3.82,(-7.38%)

Earnings info Thursday –
COST 372.875 -1.415,(-0.38%)
ORCL 59.48 -0.25,(-0.42%)
CIEN 46.1 -1.08,(-2.29%)

Earnings info Friday –
ROAD 29.1 +0.18,(+0.62%)
AVGO 409.645 -6.575,(-1.58%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Coffee,(KC) 121.43 +6.53 (5.38%)
2. Nickel,(NICKEL) 17392.5 +697.5 (4.01%)
3. Lumber,(LB) 754.5 +29.3 (3.88%)
4. Sugar,(SB) 14.97 +0.58 (3.87%)
5. Crude Oil,(CL) 46.88 +1.36 (2.9%)

Top 5 Lowest Commodity % Changes –
1. Palladium,(PA) 2290.6 -37.3 (-1.63%)
2. Cocoa,(CC) 2549.0 -26.0 (-1.02%)
3. Feeder Cattle,(FC) 137.025 -0.55 (-0.4%)
4. Orange Juice,(OJ) 125.65 -0.45 (-0.36%)
5. Gold,(GC) 1838.9 +0.4 (0.02%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.6%)
Top 5 Highest SPAC % Changes –
1. SSPK- 14.35 3.86 (+36.8%); 52 week high :10.71
2. STPK- 16.82 1.93 (+12.96%); 52 week high :17.06
3. LOAK- 16.0 1.69 (+11.81%); 52 week high :16.48
4. TDAC- 13.9 1.4 (+11.2%); 52 week high :12.5
5. RMG- 20.91 1.99 (+10.52%); 52 week high :21.425

Top 5 Lowest SPAC % Changes –
1. THCB- 16.09 -1.11 (-6.45%); 52 week high :17.2
2. VSPR- 10.86 -0.58 (-5.07%); 52 week high :11.44
3. TZAC- 9.94 -0.4 (-3.87%); 52 week high :11.88
4. VGAC- 11.74 -0.46 (-3.77%); 52 week high :12.25
5. IPV- 14.0 -0.43 (-2.98%); 52 week high :14.43

Top 5 Spacs by Volume –
1. BFT- 13.45 0.7 (+5.49%); Volume :20,709,381; ADV:8,800,190
2. SSPK- 14.35 3.86 (+36.8%); Volume :10,481,551; ADV:130,137
3. IPOC- 11.5 0.23 (+2.04%); Volume :10,253,392; ADV:4,621,216
4. TRNE- 24.77 0.0 (0.0%); Volume :8,841,426; ADV:3,261,398
5. GHIV- 11.39 0.47 (+4.3%); Volume :8,136,174; ADV:1,658,733

Top 5 Spacs Trading Above ADV –
1. SSPK- 14.35 3.86 (+36.8%); ADV:130,137: Multiple of ADV:80.54
2. AVAN- 9.92 0.06 (+0.61%); ADV:78,522: Multiple of ADV:74.29
3. AMHC- 10.0 0.0 (0.0%); ADV:7,926: Multiple of ADV:44.87
4. TPGY- 11.1 0.0779 (+0.71%); ADV:21,635: Multiple of ADV:41.37
5. ASAQ- 9.86 0.0 (0.0%); ADV:76,711: Multiple of ADV:23.54

Top 5 Highest Warrant % Changes –
1. SSPKW- 3.5 2.1499 (+159.24%); 52 week high :1.48
2. GRNVW- 0.89 0.24 (+36.92%); 52 week high :0.95
3. DSACW- 1.87 0.47 (+33.57%); 52 week high :1.4
4. GNRSW- 0.78 0.19 (+32.2%); 52 week high :0.667
5. PMVC+- 1.035 0.2349 (+29.36%); 52 week high :1.035

Top 5 Lowest Warrant % Changes –
1. TPGY+- 2.31 -1.69 (-42.25%); 52 week high :4.29
2. TZACW- 0.8 -0.18 (-18.37%); 52 week high :0.98
3. IPOE+- 2.52 -0.4773 (-15.92%); 52 week high :3.0
4. NGACW- 1.405 -0.265 (-15.87%); 52 week high :2.32
5. ALACW- 1.04 -0.14 (-11.86%); 52 week high :1.18

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. MET 2 buys totaling 5,470,000 shares. Average Price : 47.44, Cost : $259,061,500
2. HDS 1 buys totaling 3,987,826 shares. Average Price : 55.83, Cost : $222,640,326
3. WORK 11 buys totaling 3,717,600 shares. Average Price : 42.35, Cost : $157,528,100
4. MSFT 2 buys totaling 500,000 shares. Average Price : 211.26, Cost : $105,627,500
5. VALE 9 buys totaling 4,965,745 shares. Average Price : 16.82, Cost : $83,509,268

Options Fast Facts -

CBOE Put/Call Ratio – 0.42
Highest Multiple Over Daily Average – ABB with 50x the ADV of 1227. There were 59921 calls and 1220 puts.
Ticker with Most Contracts –TWTR with 347217 contracts traded today with an AVD of 91062. There were 272563 calls and 74654 puts.
Largest Put / Call Ratio – ITUB with a 9 P/C ratio. There were 67981puts and 7908 calls.
Largest Call / Put Ratio – EGO with a164 C/P ratio. There were 55876 calls and 340 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

GOGO 10.355 -0.885,(-7.87%)
ARVN 29.75 +1.27,(+4.46%)
PDD 154.345 +6.775,(+4.59%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:CCJ 12.46,0.9(+7.79%) Earnings: None
Name :Cameco Corp. Special Considerations :
Industry : Mining, Quarrying, and Oil and Gas Extraction Sector : Uranium-Radium-Vanadium Ore Mining
Option Information –
Today’s Option Volume: 67289; OptionOI: 351372
Multiple of ADV: 5; ADV: 13439
Total Calls: 62347; Total Puts: 4942
Calls at Ask: 47.8%; Calls at Bid: 44.9%
Puts at Ask: 31.9%; Puts at Bid: 46.8%
C/P Ratio: 13
Noteable Strikes

DEC 18 ’20 12.0C had 4174 VLM and 5880 OI.
DEC 18 ’20 13.0C had 4789.0 VLM and 13340 OI.
JAN 15 ’21 17.0C had 26363.0 VLM and 2004 OI.
MAR 19 ’21 20.0C had 5171 VLM and 16431 OI.

News

No news for today

Potential Sympathy Stocks

DNN, BHP, BBL

Impression

The Call Ask Percent looks good. I wish the Multiple of ADV was a little higher. The Call/Put Ratio appears bullish.

Company Description for :CCJ

Second Momentum Stock Pick

Ticker:EGO 13.26,0.35(+2.71%) Earnings: None
Name :Eldorado Gold Corp. Special Considerations : None
Industry : Mining, Quarrying, and Oil and Gas Extraction Sector : Gold Ore Mining
Option Information –
Today’s Option Volume: 56216; OptionOI: 87978
Multiple of ADV: 24; ADV: 2307
Total Calls: 55876; Total Puts: 340
Calls at Ask: 55.5%; Calls at Bid: 27.4%
Puts at Ask: 33.3%; Puts at Bid: 34.2%
C/P Ratio: 164
Noteable Strikes

DEC 18 ’20 14.0C had 1328 VLM and 1735 OI.
DEC 18 ’20 16.0C had 1531 VLM and 640 OI.
JAN 15 ’21 16.0C had 43156 VLM and 4239 OI.

News

No news for today

Potential Sympathy Stocks

AEM, HL, NGD, SVM

Impression

The Call Ask Percent is high. The Multiple of ADV appears quite bullish. Very high C/P Ratio.

Company Description for :EGO

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:FSLY 96.85,5.72(+6.28%) Earnings: None
Name :Fastly Inc – Class A
Industry : Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing

Option Information –

DEC’31 20 120.0C – 1,300 @ 2.95 were traded at 11:02:00 as a BLOCK Spot Price: 97.14

News –

No news for today

Sympathy Stocks for : FSLY

PMOZ, PLUS, PING, PRFT

This stock was mentioned twice on Oct-07-2020 and Oct-16-2020 at a closing price of 120.33and 84.67.

Company Description for :FSLY

(‘FSLY’, ”)

Second Classic Unusual Options Activity Pick -

Ticker:NET 84.05,6.74(+8.72%) Earnings: None
Name :Cloudflare Inc – Class A
Industry : Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing

Option Information –

DEC’31 20 90.0C – 1,300 @ 2.00 were traded at 10:20:00 as a BLOCK Spot Price: 80.98

News –
2020-12-10 10:41:07:Apple and Cloudflare’s Oblivious DNS addresses a gap in the privacy protections of the internet’s routing infrastructure
Summary List Placement Engineers at Apple, Cloudflare, and Fastly have collaborated on a new protocol that would mask internet traffic and improve fundamental privacy protections for internet users, according to TechCrunch. The new protocol changes how the Domain Name System (DNS), or the “phonebook of the internet,” looks up human-readable websites (like insiderintelligence.com ) and matches them to machine-readable Internet Protocol (IP) addresses (like 50.17.76.155). Right now, users’ requests for websites are expressed in cleartext, meaning that ISPs can effectively see both the website address and the IP address that identifies the device from which a user browses. The new protocol, Oblivious DNS-over-HTTPS (ODoH), would fix the cleartext problem by encrypting the domain name part of the request and introducing a proxy to handle the IP identity part of the request. Oblivious DNS would ensure no single party—including an ISP—can see both the website URL and the IP address of the query.
2020-12-10 01:48:06:Apple partners with Cloudflare for new DNS protocol that better protects your privacy – Kenyan News
Called Oblivious-DNS-over-HTTPS, this new protocol – already available from CloudFlare – makes it impossible to collect IP addresses by the DNS server. After “DNS-over-HTTPS” (DoH), here comes “Oblivious-DNS-over-HTTPS” (ODoH). Developed by engineers from Apple, Cloudflare and Fastly, this new DNS protocol greatly strengthens privacy protection by hiding the user’s IP address from the DNS server, […]

Sympathy Stocks for : NET

PIKL, PERI, PINS, PWNX

This stock was mentioned twice on Nov-06-2020 and Oct-13-2020 at a closing price of 64.47and 59.73.

Company Description for :NET

(‘NET’, ”)

What are your thoughts?

%d bloggers like this: