Unusual Option Activity for Nov-11-2020 HON, PDD, SE

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.74% today while the NASDaq added (+2.32%). The Russell 2000 closed lower by (-0.04%). The Dow ended in negative territory at (-0.14%)
    • The best performing sector was Information Technology(+2.37%) while Materials(-1.49%)was the worst performer.
    • Specifically, the information technology (+2.4%) and consumer discretionary (+1.5%) sectors meaningfully outperformed the broader market, followed by respectable gains in the consumer staples (+0.9%) and real estate (+0.8%) sectors.
    • The S&P 500 had a good shot at closing at a new high today, briefly surpassing its Sept. 2 closing high (3580.84), but the inability to stay above the prior closing high was a technical factor that worked against trading sentiment.
    • Separately, Goldman Sachs remained bullish on equities, forecasting the S&P 500 to hit 4300 by the end of 2021. The call was based on expectations that a COVID-19 vaccine would reopen the economy and a divided government would provide stability and no increase in taxes.
    • The U.S. Treasury market was closed for Veterans Day, leaving the 10-yr yield at 0.98% following yesterday’s settlement price. The U.S. Dollar Index increased 0.3% to 92.99. WTI crude futures increased 0.3%, or $0.12, to $41.49/bbl.
Index Summary / Sector Summary -

S&P 500 : (+0.74%); NasDaq : (+2.32%);
Russell 2000 :(-0.04%); Dow :(-0.14%);
Vix :24.8 (-5.28%); [-20.56%]; {-37.51%}
Three highest sectors for today were –
Information Technology: (+2.37%); Communication Services: (+0.91%); Consumer Discretionary: (+0.88%)
Three lowest sectors for today were –
Materials: (-1.49%); Energy: (-1.03%); Industrials: (-0.84%)

Anticipated Earnings this Week -

Earnings info Monday –
PLUG 22.965 +2.955,(+14.77%)
NKLA 20.15 +2.12,(+11.76%)
NVAX 84.92 +6.18,(+7.85%)
RNG 284.21 +7.2,(+2.6%)
BYND 127.69 +2.68,(+2.14%)
WKHS 19.175 +0.185,(+0.97%)
NCLH 19.52 -0.6,(-2.98%)
TLRY 8.01 -0.32,(-3.84%)
OXY 11.9 -0.48,(-3.88%)
SPG 73.41 -5.43,(-6.89%)

Earnings info Tuesday –
CYBR 103.675 +8.025,(+8.39%)
DHI 72.85 +1.97,(+2.78%)
PRPL 26.01 +0.64,(+2.52%)
LYFT 36.4 +0.35,(+0.97%)
AAP 156.52 +1.1,(+0.71%)
JMIA 12.96 +0.05,(+0.39%)
RKT 21.06 -0.54,(-2.5%)
DDOG 86.81 -5.79,(-6.25%)

Earnings info Wednesday –
GRWG 20.935 +1.505,(+7.75%)
HUYA 20.6 +0.69,(+3.47%)
DOYU 13.82 +0.21,(+1.54%)
LMND 57.9 -8.02,(-12.17%)

Earnings info Thursday –
WIX 269.67 +25.5,(+10.44%)
AMAT 71.16 +1.77,(+2.55%)
CSCO 39.36 +0.64,(+1.65%)
DIS 137.83 -4.28,(-3.01%)

Earnings info Friday –
DKNG 41.61 +1.25,(+3.1%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Lumber,(LB) 580.3 +23.5 (4.05%)
2. Corn,(C) 423.0 +15.5 (3.66%)
3. Soybeans,(S) 1146.0 +35.5 (3.1%)
4. Natural Gas,(NG) 2.949 +0.09 (3.05%)
5. Brent Crude,(LCO) 43.61 +1.21 (2.77%)

Top 5 Lowest Commodity % Changes –
1. Platinum,(PL) 867.7 -16.8 (-1.94%)
2. Cocoa,(CC) 2357.0 -34.0 (-1.44%)
3. Sugar,(SB) 14.68 -0.2 (-1.36%)
4. Steel,(SRR) 464.0 -6.0 (-1.29%)
5. Palladium,(PA) 2471.4 -27.8 (-1.12%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.17%)
Top 5 Highest SPAC % Changes –
1. FVAC- 13.29 0.89 (+7.18%); 52 week high :16.41
2. CFFA- 10.41 0.51 (+5.15%); 52 week high :12.1
3. HCCH- 12.2 0.33 (+2.78%); 52 week high :13.4
4. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
5. BMRG- 10.43 0.22 (+2.15%); 52 week high :11.84

Top 5 Lowest SPAC % Changes –
1. KBLM- 4.99 -1.06 (-17.52%); 52 week high :11.5
2. ORSN- 9.69 -1.31 (-11.91%); 52 week high :11.0
3. LCA- 13.08 -0.32 (-2.39%); 52 week high :19.28
4. LOAC- 10.71 -0.24 (-2.19%); 52 week high :11.13
5. HCCO- 9.22 -0.13 (-1.39%); 52 week high :12.08

Top 5 Spacs by Volume –
1. CCX- 10.04 -0.04 (-0.4%); Volume :4,477,391; ADV:1,515,944
2. FVAC- 13.29 0.89 (+7.18%); Volume :1,735,216; ADV:1,005,063
3. IPOC- 9.95 -0.03 (-0.3%); Volume :1,143,307; ADV:3,610,573
4. SBE- 17.0 0.04 (+0.24%); Volume :1,133,295; ADV:2,509,824
5. BMRG- 10.43 0.22 (+2.15%); Volume :1,078,197; ADV:740,120

Top 5 Spacs Trading Above ADV –
1. ZGYH- 9.9 0.0 (0.0%); ADV:6,686: Multiple of ADV:22.49
2. RACA- 13.61 0.0 (0.0%); ADV:5,785: Multiple of ADV:16.37
3. SCVX- 9.98 0.06 (+0.6%); ADV:43,002: Multiple of ADV:11.17
4. ASAQ- 9.628 -0.032 (-0.33%); ADV:74,576: Multiple of ADV:5.41
5. DFHT- 10.15 0.0 (0.0%); ADV:11,636: Multiple of ADV:3.46

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. AAPL 3 buys totaling 9,603,121 shares. Average Price : 117.43, Cost : $1,125,267,969
2. MSFT 1 buys totaling 3,937,597 shares. Average Price : 212.54, Cost : $836,896,866
3. PFE 6 buys totaling 9,334,531 shares. Average Price : 38.44, Cost : $360,028,438
4. DDOG 10 buys totaling 2,849,273 shares. Average Price : 82.59, Cost : $235,436,130
5. JNJ 1 buys totaling 1,483,678 shares. Average Price : 149.17, Cost : $221,320,247

Options Fast Facts -

CBOE Put/Call Ratio – 0.52
Highest Multiple Over Daily Average – AES with 14x the ADV of 3177. There were 39259 calls and 5173 puts.
Ticker with Most Contracts –ACB with 388462 contracts traded today with an AVD of 83824. There were 247566 calls and 140896 puts.
Largest Put / Call Ratio – RSX with a 56 P/C ratio. There were 14074puts and 250 calls.
Largest Call / Put Ratio – DUK with a58 C/P ratio. There were 24248 calls and 416 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

RVLV 22.44 +0.6,(+2.75%)
BABA 265.65 -0.89,(-0.33%)
RCL 70.89 -2.84,(-3.85%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:HON 199.32,-2.66(-1.32%) Earnings: 2021-01-22
Name :Honeywell International, Inc. Special Considerations : ExDiv
Industry : Producer Manufacturing Sector : Industrial Conglomerates
Option Information –
Today’s Option Volume: 69866; OptionOI: 119813
Multiple of ADV: 8; ADV: 8578
Total Calls: 63701; Total Puts: 6165
Calls at Ask: 43.5%; Calls at Bid: 21.5%
Puts at Ask: 13.3%; Puts at Bid: 23.2%
C/P Ratio: 10
Noteable Strikes

NOV 20 ’20 175.0C had 4719 VLM and 1413 OI.
NOV 20 ’20 180.0C had 3338.0 VLM and 1173 OI.
DEC 18 ’20 145.0C had 1400 VLM and 504 OI.
DEC 18 ’20 150.0C had 1458 VLM and 446 OI.

News

No news for today

Potential Sympathy Stocks

BA, EMR, GE, GD

Impression

The Call Ask Percent looks good. The Multiple of ADV is okay. The C/P ratio is decent..

Company Description for :HON

Honeywell International, Inc. is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and energy efficient products and solutions for homes, business and transportation. It operates through the following segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, turbochargers to improve the performance and efficiency of passenger cars and commercial vehicles as well as spare parts, repair, overhaul and maintenance services like, auxiliary power units, propulsion engines, environmental control systems, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware and software, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, repair and overhaul services, turbochargers and thermal systems. The Home and Building Technologies segment provides products, software, solutions and technologies that help owners of homes stay connected and in control of their comfort, security and energy use such as controls and displays for heating, cooling, indoor air quality, ventilation, humidification combustion, lighting and home automation; advanced software applications for building control and optimization; sensors, switches, control systems and instruments for measuring pressure, air flow, temperature and electrical current; products, services and solutions for measurement, regulation, control and metering of gases and electricity; metering and communications systems for water utilities and industries; access control; video surveillance; fire products; remote patient monitoring systems; and installation, maintenance, and upgrades of systems. The Performance Materials and Technologies segment develops and manufactures materials, process technologies, and automation solutions. It provides process solutions in automation control, instrumentation, advanced software, and related services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals and mining industries. The Safety and Productivity Solutions segment provides products, software and connected solutions which include personal protection equipment and footwear designed for work, play and outdoor activities. It also offers gas detection technology, mobile devices and software for computing, data collection and thermal printing; supply chain and warehouse automation equipment, software and solutions; custom-engineered sensors, switches and controls for sensing and productivity solutions; and software-based data and asset management productivity solutions. The company was founded by Albert M. Butz in 1885 and is headquartered in Charlotte, NC.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:PDD 111.5,8.41(+8.16%) Earnings: 2020-11-12
Name :Pinduoduo, Inc.
Industry : Internet Retail

Option Information –

NOV’20 20 135.0C – 1,899 @ 2.50 were traded at 11:32:00 as a BLOCK Spot Price: 112.53

News –

2020-11-11 13:09:20:Pinduoduo Q3 2020 Earnings Preview (NASDAQ:PDD)
Pinduoduo (NASDAQ:PDD) is scheduled to announce Q3 earnings results on Thursday, November 12th, before market open. The consensus EPS Estimate is -$0.15 (+
2020-11-11 11:40:29:Alibaba says Singles’ Day sales hit record 498.2 billion yuan
HANGZHOU: China’s Alibaba said on Wednesday orders on its e-commerce platforms during the Singles’ Day shopping extravaganza hit a record 498.2 billion yuan (RM310.88 billion), or about US$75.1 billion, as lockdown-weary consumers splashed out on as many as 16 million discounted goods. The world’s biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spans four main days this year, and so far has brought sellers 20 times as many orders by value than Amazon.com Inc’s two-day global Prime Day last month. Such is its size that its performance is widely considered indicative of China’s post-virus economic recovery. “Because of Covid-19, many Chinese cannot go overseas,” vice president Liu Bo told reporters. “This actually stimulates online consumption.” So far, the performance is likely a relief for Alibaba Group Holding Ltd after losing about 10% of its market value last week when regulators scuppered the listing of fintech affiliate Ant Group. The firm began sales early this year to give lesser-known brands more exposure.

Sympathy Stocks for : PDD

QRTEA, PXHI, PTS-CT, PRTS

Company Description for :PDD

(‘PDD’, ‘Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:SE 169.13,12.6(+8.05%) Earnings: 2020-11-17
Name :Sea Ltd. (Singapore)
Industry : Internet Software/Services

Option Information –

NOV’20 20 195.0C – 1,000 @ 3.60 were traded at 10:37:00 as a BLOCK Spot Price: 167.75
NOV’20 20 195.0C – 1,000 @ 2.85 were traded at 10:13:00 as a BLOCK Spot Price: 165.84

News –
2020-11-11 08:55:48:Buy Alert: Enbridge (TSX:ENB) Stock Just Gained 11% This Week!
Here’s why Enbridge (TSX:ENB) stock remains a top bet for income and contrarian investors. The post Buy Alert: Enbridge (TSX:ENB) Stock Just Gained 11% This Week! appeared first on The Motley Fool Canada .
2020-11-11 08:00:33:Buy High-Yield Dividend Stocks for Generous Passive Income
If you wish to earn a high income from your investments, you should consider buying high-yield dividend stocks like Enbridge (TSX:ENB)(NYSE:ENB). The post Buy High-Yield Dividend Stocks for Generous Passive Income appeared first on The Motley Fool Canada .

Sympathy Stocks for : SE

WMB, EPD, ENB, SRE

Company Description for :SE

(‘SE’, ‘Sea Ltd. (Singapore) is an internet and mobile platform company. The firm engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce and Digital Financial Services. The Digital Entertainment segment offers access to game-related content through game forums, group voice chat, live streaming, and other user socializing functions on the Garena mobile app and desktop application. The E-Commerce segment manages third-party marketplace through Shopee mobile app and websites that connects buyers and sellers. The Digital Financial Services segment includes financial services to individuals and businesses, including e-wallet and payment services through the AirPay mobile app and AirPay counter applications on mobile phones or computers. The company was founded by Xiao Dong Li, Gang Ye and Jing Ye Chen on May 8, 2009 and is headquartered in Singapore.’)

What are your thoughts?

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