Unusual Option Activity for Dec-17-2020 SILJ, INFN, PLUG, TSLA

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.56% today while the NASDaq had a small gain of (+0.65%). The Russell 2000 rose by (+1.19%). The Dow ended in positive territory at (+0.44%)
    • The best performing sector was Real Estate(+1.17%) while Energy(-0.47%)was the worst performer.
    • In the homebuilding space, stocks benefited from better-than-expected housing starts and building permits data for November, which featured a 27.1% yr/yr increase in single-family starts, and positive earnings results and encouraging guidance from Lennar (LEN 79.95, +5.66, +7.6%). The iShares U.S. Home Construction ETF (ITB 57.78, +2.17, +3.9%) increased 4%.
    • U.S. Treasuries edged lower in a relatively uneven session, as investors contemplated a 23,000 increase in weekly initial claims to 885,000 (consensus 795,000) and the incoming new supply of Treasuries needed to finance a potential stimulus bill. The 2-yr yield increased one basis point to 0.13%, and the 10-yr yield increased one basis point to 0.93%.
    • Looking ahead, investors will receive the Conference Board’s Leading Economic Index for November and the Q3 Current Account Balance.
Index Summary / Sector Summary -

S&P 500 : (+0.56%); NasDaq : (+0.65%);
Russell 2000 :(+1.19%); Dow :(+0.44%);
Vix :22.5 (-2.53%); [-2.62%]; {+5.48%}
Three highest sectors for today were –
Real Estate: (+1.17%); Materials: (+1.15%); Health Care: (+1.07%)
Three lowest sectors for today were –
Energy: (-0.47%); Communication Services: (-0.25%); Financials: (+0.28%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
NDSN 196.78 +3.18,(+1.64%)
MTSC 58.39 +0.09,(+0.15%)
NAV 44.12 -0.08,(-0.18%)
ASPU 11.49 -0.13,(-1.12%)

Earnings info Wednesday –
LEN 79.95 +5.66,(+7.62%)
TTC 93.33 +1.07,(+1.16%)
ABM 40.61 +0.27,(+0.67%)

Earnings info Thursday –
RAD 20.08 +2.97,(+17.36%)
JBL 44.09 +3.03,(+7.38%)
ACN 264.47 +17.02,(+6.88%)
GIS 59.7 +0.78,(+1.32%)
SCHL 26.89 +0.34,(+1.28%)
FDX 292.26 +3.45,(+1.2%)
AIR 34.63 +0.34,(+0.99%)
CAMP 10.75 -0.06,(-0.56%)
SAFM 139.52 -1.57,(-1.11%)
WOR 50.58 -1.95,(-3.71%)

Earnings info Friday –
DRI 118.62 +2.13,(+1.83%)
APOG 32.15 +0.37,(+1.16%)
WGO 59.54 +0.63,(+1.07%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Orange Juice,(OJ) 120.0 +5.5 (4.58%)
2. Silver,(SI) 26.152 +1.1 (4.21%)
3. Sugar,(SB) 14.49 +0.28 (1.93%)
4. Aluminum,(MALTR) 2067.0 +37.25 (1.8%)
5. Gold,(GC) 1890.2 +31.1 (1.65%)

Top 5 Lowest Commodity % Changes –
1. Cocoa,(CC) 2517.0 -24.0 (-0.95%)
2. Lumber,(LB) 818.6 -7.4 (-0.9%)
3. Lean Hogs,(LH) 65.975 -0.48 (-0.72%)
4. Wheat,(W) 598.5 -1.25 (-0.21%)
5. Natural Gas,(NG) 2.677 -0.0 (-0.19%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.54%)
Top 5 Highest SPAC % Changes –
1. BRPA- 16.26 3.17 (+24.22%); 52 week high :15.2
2. EDTX- 21.06 4.06 (+23.88%); 52 week high :24.66
3. TPGY- 23.75 3.17 (+15.4%); 52 week high :24.5
4. IPOB- 29.44 3.77 (+14.69%); 52 week high :29.48
5. DMYD- 14.28 1.28 (+9.85%); 52 week high :14.28

Top 5 Lowest SPAC % Changes –
1. HCAC- 18.86 -1.06 (-5.32%); 52 week high :22.0
2. NPA- 10.96 -0.54 (-4.7%); 52 week high :11.5
3. CIIC- 29.29 -1.42 (-4.62%); 52 week high :36.23
4. FIII- 11.0 -0.36 (-3.17%); 52 week high :12.49
5. CGRO- 11.5 -0.35 (-2.95%); 52 week high :13.54

Top 5 Spacs by Volume –
1. BFT- 13.88 0.16 (+1.17%); Volume :9,318,406; ADV:14,443,461.0
2. IPOC- 11.02 0.14 (+1.29%); Volume :7,470,003; ADV:6,321,519.0
3. HCAC- 18.86 -1.06 (-5.32%); Volume :6,860,492; ADV:4,710,534.0
4. IPOB- 29.44 3.77 (+14.69%); Volume :5,483,401; ADV:3,780,389.0
5. GHIV- 10.71 0.0 (0.0%); Volume :3,822,729; ADV:3,062,288.0

Top 5 Spacs Trading Above ADV –
1. TOTA- 11.18 0.14 (+1.27%); ADV:7,101.0: Multiple of ADV:13.23
2. SAII- 10.0 0.0 (0.0%); ADV:37,828.0: Multiple of ADV:10.88
3. NHIC- 10.0 0.0 (0.0%); ADV:56,368.0: Multiple of ADV:7.99
4. LATN- 10.1743 0.0 (0.0%); ADV:12,480.0: Multiple of ADV:6.17
5. MLAC- 9.89 0.0 (0.0%); ADV:28,966.0: Multiple of ADV:5.03

Top 5 Highest Warrant % Changes –
1. BRPAW- 1.815 0.375 (+26.04%); 52 week high :1.87
2. TPGY+- 6.29 0.89 (+16.48%); 52 week high :6.29
3. IACA+- 2.5 0.3 (+13.64%); 52 week high :2.4
4. ROCHW- 2.52 0.3 (+13.51%); 52 week high :2.99
5. FSRVW- 1.815 0.205 (+12.73%); 52 week high :1.61

Top 5 Lowest Warrant % Changes –
1. ZGYHW- 0.55 -0.0911 (-14.21%); 52 week high :0.65
2. DFPHW- 1.87 -0.28 (-13.02%); 52 week high :2.48
3. PACE+- 2.06 -0.27 (-11.59%); 52 week high :2.9
4. LATNW- 0.71 -0.0901 (-11.26%); 52 week high :0.89
5. ENPC+- 2.42 -0.28 (-10.37%); 52 week high :3.8

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. BBEU 8 buys totaling 28,198,552 shares. Average Price : 26.48, Cost : $746,654,736
2. CHTR 1 buys totaling 750,000 shares. Average Price : 653.37, Cost : $490,027,500
3. RPRX 4 buys totaling 9,305,804 shares. Average Price : 43.26, Cost : $407,041,882
4. AAPL 1 buys totaling 1,940,236 shares. Average Price : 128.98, Cost : $250,251,639
5. MSFT 2 buys totaling 1,098,301 shares. Average Price : 219.22, Cost : $241,178,058

Options Fast Facts -

CBOE Put/Call Ratio – 0.42
Highest Multiple Over Daily Average – AVGO with 12x the ADV of 12300. There were 145234 calls and 5023 puts.
Ticker with Most Contracts –SLV with 742927 contracts traded today with an AVD of 287240. There were 590519 calls and 152408 puts.
Largest Put / Call Ratio – IYR with a 10 P/C ratio. There were 38709puts and 3949 calls.
Largest Call / Put Ratio – CG with a654 C/P ratio. There were 15691 calls and 24 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

MT 23.45 +0.24,(+1.03%)
DISH 31.4 -0.11,(-0.35%)
JMIA 39.14 -0.15,(-0.38%)
PTON 136.55 +2.55,(+1.9%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:SILJ 15.9,0.87(+5.79%) Earnings: None
Name :ETF Managers Group LLC – ETFMG Prime Junior Silver Miners ETF Special Considerations :
Industry : Sector :
Option Information –
Today’s Option Volume: 27561; OptionOI: 92802
Multiple of ADV: 8; ADV: 3660
Total Calls: 26761; Total Puts: 800
Calls at Ask: 50.7%; Calls at Bid: 42.5%
Puts at Ask: 14.7%; Puts at Bid: 18.4%
C/P Ratio: 33
Noteable Strikes

News

No news for today

Potential Sympathy Stocks

No sympathy stocks.

Impression

The Call Ask Percent is high. The Multiple of ADV is okay. Very high C/P Ratio.

Company Description for :SILJ

Second Momentum Stock Pick

Ticker:INFN 10.315,0.215(+2.13%) Earnings: None
Name :Infinera Corp. Special Considerations : 52WkHigh
Industry : Manufacturing Sector : Telephone Apparatus Manufacturing
Option Information –
Today’s Option Volume: 21620; OptionOI: 91402
Multiple of ADV: 7; ADV: 3290
Total Calls: 21121; Total Puts: 499
Calls at Ask: 44.4%; Calls at Bid: 35.2%
Puts at Ask: 53.2%; Puts at Bid: 16.6%
C/P Ratio: 42
Noteable Strikes

JUL 16 ’21 10.0C had 1023 VLM and 3430 OI.

News

No news for today

Potential Sympathy Stocks

ADTN, CIEN, EXTR, CSCO

Impression

The Call Ask Percent looks good. The Multiple of ADV is okay. Very high C/P Ratio.

Company Description for :INFN

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:PLUG 30.515,2.055(+7.22%) Earnings: None
Name :Plug Power Inc
Industry : Other Commercial and Service Industry Machinery Manufacturing

Option Information –

JAN’15 21 35.0C – 18,635 @ 2.06 were traded at 10:03:00 as a SPLIT Spot Price: 30.25

News –

No news for today

Sympathy Stocks for : PLUG

BLDP, FCEL, CPST, WMT

This stock was also mentioned on Nov-23-2020 at a closing price of 26.875

Company Description for :PLUG

(‘PLUG’, ”)

Second Classic Unusual Options Activity Pick -

Ticker:TSLA 655.54,32.77(+5.26%) Earnings: None
Name :Tesla Inc
Industry : Automobile Manufacturing

Option Information –

JAN’15 21 700.0C – 281 @ 39.50 were traded at 15:37:00 as a SWEEP Spot Price: 648.9
JAN’15 21 700.0C – 266 @ 39.50 were traded at 15:37:00 as a SWEEP Spot Price: 648.83

News –
2020-12-17 15:12:00:Fund News Advisors Can Use: Asset Managers Weigh Tesla’s Entrance Into the S&P 500 and More
What asset managers say about Tesla’s entrance into the S&P 500, RiverFront partners with 55ip, and Vanguard fund becomes the first to end a month with more than $1 trillion in assets.
2020-12-17 15:09:35:Tesla fulfills NHTSA, IIHS promise for automatic braking ahead of 2022 deadline
Tesla has made good on its promise to add automatic emergency braking to all of its vehicles nearly two years ahead of the September 1, 2022 deadline that was set by the National Highway Transportation Safety Administration and the Insurance Institute for Highway Safety. Tesla has equipped all four of its currently-available vehicles with Consumer Reports […] The post Tesla fulfills NHTSA, IIHS promise for automatic braking ahead of 2022 deadline appeared first on TESLARATI .

Sympathy Stocks for : TSLA

GM, F, TM, HMC

This stock was mentioned twice on Dec-07-2020 and Nov-09-2020 at a closing price of 641.95and 421.27.

Company Description for :TSLA

(‘TSLA’, ”)

What are your thoughts?

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