Unusual Option Activity for Dec-23-2020 LAC, CSIQ, LMND

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.09% today while the NASDaq decreased by (-0.52%). The Russell 2000 advanced (+0.85%). The Dow ended in positive territory at (+0.4%)
    • The best performing sector was Energy(+2.21%) while Real Estate(-0.95%)was the worst performer.
    • The S&P 500 energy (+2.2%) and financials (+1.6%) sectors accumulated most of the gains amid higher oil prices ($48.09/bbl, +1.09, +2.3%) and curve-steepening activity caused by selling in longer-dated Treasuries. Both developments signaled an improved sentiment regarding future economic growth.
    • Unfortunately, the top-weighted information technology sector (-0.9%) limited the upside in the market, as buyers preferred to focus away from the growth stocks that comprise the technology space. The real estate (-1.0%) and utilities (-0.2%) sectors slipped into negative territory during the afternoon.
    • An awareness that many European markets, including Germany, will be closed tomorrow for Christmas Eve, and that the U.S. market will close early at 1:00 p.m. ET, might have exacerbated selling interest into the close. Some investors prefer to be cautious heading into extended holiday breaks.
    • Separately, homebuilding stocks lagged after data showed the pace of new home sales decline 11.0% m/m to a seasonally adjusted annual rate of 841,000 (consensus 990,000). The iShares U.S. Home Construction ETF (ITB 57.07, -0.83, -1.4%) decreased 1.4%.
    • Investors will not receive any economic data on Thursday, which will be a shortened trading session for Christmas Eve.
Index Summary / Sector Summary -

S&P 500 : (+0.09%); NasDaq : (-0.52%);
Russell 2000 :(+0.85%); Dow :(+0.4%);
Vix :24.23 (-3.8%); [+3.6%]; {+3.51%}
Three highest sectors for today were –
Energy: (+2.21%); Financials: (+1.65%); Communication Services: (+0.58%)
Three lowest sectors for today were –
Real Estate: (-0.95%); Information Technology: (-0.76%); Utilities: (-0.2%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
KMX 93.18 +0.85,(+0.92%)
NEOG 81.46 -0.4,(-0.49%)
CTAS 339.63 -8.37,(-2.4%)

Earnings info Wednesday –
PAYX 94.42 -2.21,(-2.29%)

Earnings info Thursday –
No Earnings
Earnings info Friday –
No Earnings

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Natural Gas,(NG) 2.78 +0.07 (2.7%)
2. Lumber,(LB) 783.8 +17.6 (2.25%)
3. Crude Oil,(CL) 48.05 +1.03 (2.14%)
4. Feeder Cattle,(GF) 142.025 +2.12 (1.5%)
5. Zinc,(MZN) 2824.5 +33.25 (1.18%)

Top 5 Lowest Commodity % Changes –
1. Brent Crude,(LCO) 50.08 -0.83 (-1.66%)
2. Feeder Cattle,(FC) 141.875 -1.25 (-0.88%)
3. Cocoa,(CC) 2535.0 -20.0 (-0.79%)
4. Steel,(SRR) 597.0 -3.0 (-0.5%)
5. Oats,(O) 336.75 -1.0 (-0.3%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (1.35%)
Top 5 Highest SPAC % Changes –
1. GIK- 14.9 2.78 (+22.94%); 52 week high :15.86
2. LGVW- 20.0 2.74 (+15.88%); 52 week high :21.4
3. CLA- 16.0 2.17 (+15.69%); 52 week high :16.1
4. FIII- 14.12 1.67 (+13.41%); 52 week high :12.49
5. NGA- 17.74 2.04 (+12.99%); 52 week high :17.74

Top 5 Lowest SPAC % Changes –
1. BRPA- 30.14 -8.22 (-21.43%); 52 week high :38.36
2. NOVS- 15.4 -1.34 (-8.0%); 52 week high :17.37
3. CIIC- 30.95 -2.05 (-6.21%); 52 week high :36.23
4. LEAP- 12.87 -0.42 (-3.16%); 52 week high :13.38
5. IPV- 18.16 -0.51 (-2.73%); 52 week high :18.67

Top 5 Spacs by Volume –
1. GHIV- 12.08 0.95 (+8.54%); Volume :15,330,847; ADV:3,775,164.0
2. IPOC- 14.02 0.57 (+4.24%); Volume :15,298,533; ADV:9,045,739.0
3. GIK- 14.9 2.78 (+22.94%); Volume :14,243,369; ADV:3,020,898.0
4. BFT- 14.63 -0.05 (-0.34%); Volume :12,551,691; ADV:17,133,678.0
5. CLA- 16.0 2.17 (+15.69%); Volume :8,480,025; ADV:820,426.0

Top 5 Spacs Trading Above ADV –
1. ATAC- 11.0 0.8 (+7.84%); ADV:114,664.0: Multiple of ADV:41.14
2. MOTN- 10.08 0.0 (0.0%); ADV:1,351.0: Multiple of ADV:11.75
3. NMMC- 10.895 0.495 (+4.76%); ADV:22,666.0: Multiple of ADV:10.44
4. CLA- 16.0 2.17 (+15.69%); ADV:820,426.0: Multiple of ADV:10.34
5. IACA- 13.38 1.38 (+11.5%); ADV:95,187.0: Multiple of ADV:9.61

Top 5 Highest Warrant % Changes –
1. LSACW- 3.26 0.93 (+39.91%); 52 week high :3006.27
2. LOACW- 1.24 0.34 (+37.78%); 52 week high :0.9
3. GIX+- 1.74 0.44 (+33.85%); 52 week high :1.84
4. ITACW- 1.34 0.331 (+32.8%); 52 week high :1.01
5. CLA+- 4.0 0.83 (+26.18%); 52 week high :4.12

Top 5 Lowest Warrant % Changes –
1. PACE+- 2.582 -0.398 (-13.36%); 52 week high :3.2
2. RTP+- 3.155 -0.395 (-11.13%); 52 week high :3.55
3. BRPAW- 5.88 -0.67 (-10.23%); 52 week high :6.55
4. DBDRW- 1.01 -0.09 (-8.18%); 52 week high :1.1
5. GRNVW- 0.69 -0.05 (-6.76%); 52 week high :0.95

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. GSX 1 buys totaling 4,500,000 shares. Average Price : 53.95, Cost : $242,775,000
2. MA 2 buys totaling 571,426 shares. Average Price : 330.5, Cost : $188,856,293
3. AAPL 4 buys totaling 1,336,327 shares. Average Price : 131.81, Cost : $176,143,215
4. ATUS 1 buys totaling 4,084,000 shares. Average Price : 36.2, Cost : $147,840,800
5. HUM 1 buys totaling 310,000 shares. Average Price : 397.36, Cost : $123,181,600

Options Fast Facts -

CBOE Put/Call Ratio – 0.37
Highest Multiple Over Daily Average – MO with 16x the ADV of 25541. There were 404341 calls and 9498 puts.
Ticker with Most Contracts –GME with 478060 contracts traded today with an AVD of 145306. There were 262658 calls and 215402 puts.
Largest Put / Call Ratio – CVI with a 27 P/C ratio. There were 10079puts and 370 calls.
Largest Call / Put Ratio – MO with a43 C/P ratio. There were 404341 calls and 9498 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CLDR 15 +0.36,(+2.46%)
AAPL 131.04 -0.84,(-0.64%)
DASH 158.22 +1.43,(+0.91%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:LAC 12.43,1.08(+9.52%) Earnings: None
Name :Lithium Americas Corp Special Considerations :
Industry : Mining, Quarrying, and Oil and Gas Extraction Sector : Other Chemical and Fertilizer Mineral Mining
Option Information –
Today’s Option Volume: 37748; OptionOI: 72868
Multiple of ADV: 4; ADV: 10089
Total Calls: 34754; Total Puts: 2994
Calls at Ask: 42.8%; Calls at Bid: 38.3%
Puts at Ask: 37.8%; Puts at Bid: 40.8%
C/P Ratio: 12
Noteable Strikes

JAN 15 ’21 12.5C had 12195 VLM and 11314 OI.
JAN 15 ’21 15.0C had 9662 VLM and 7899 OI.
FEB 19 ’21 12.5C had 2762 VLM and 3179 OI.

News

No news for today

Potential Sympathy Stocks

NTTHF, OCO

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 :LAC

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:CSIQ 53.01,-0.15(-0.28%) Earnings: None
Name :Canadian Solar Inc
Industry : Semiconductor and Related Device Manufacturing

Option Information –

JAN’15 21 60.0C – 1,021 @ 2.60 were traded at 09:56:00 as a SWEEP Spot Price: 54.92

News –

No news for today

Sympathy Stocks for : CSIQ

SPWR, FSLR, JKS

This stock was also mentioned on Nov-23-2020 at a closing price of 39.805

Company Description for :CSIQ

(‘CSIQ’, “Canadian Solar Inc. is a publicly traded company that manufactures solar PV modules and runs large scale solar projects. Founded in 2001 in Canada by Shawn Qu, Canadian Solar has subsidiaries in over 24 countries on 6 continents. They manufacture solar PV modules, are involved in supporting the installation of solar energy, and are involved in a number utility-scale power projects. With the company’s acquisition of Recurrent Energy, Canadian Solar’s total project pipeline reached 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW.”)

Second Classic Unusual Options Activity Pick -

Ticker:LMND 134.45,15.37(+12.91%) Earnings: None
Name :Lemonade Inc
Industry : Direct Property and Casualty Insurance Carriers

Option Information –

JAN’15 21 170.0C – 500 @ 4.20 were traded at 15:42:00 as a BLOCK Spot Price: 133.76

News –
No news for today

Sympathy Stocks for : LMND

PPHI, PRA, POSITIC1-PE, PMIR

Company Description for :LMND

(‘LMND’, ‘Lemonade Insurance Company is an American property and casualty insurance company headquartered in New York City offering renters and home insurance policies for homes, apartments, co-ops and condos in many US states in addition to content and liability policies in Germany and the Netherlands. Lemonade delivers insurance policies and handles claims through desktop and mobile apps using chatbots. Its business model includes giving underwriting profits to nonprofits of the customers’ choice. This is done annually in an event Lemonade calls “Giveback”.’)

What are your thoughts?

%d bloggers like this: