Unusual Option Activity for Nov-13-2020 EPD, PDD, SE

Daily Synopsis -

    • The S&P 500 increased +1.38% today while the NASDaq had a small gain of (+0.89%). The Russell 2000 rose by (+2.07%). The Dow ended in positive territory at (+1.41%)
    • All sectors ended in positive territory today. The best performing sector was Energy(+3.64%) while Information Technology(+0.85%)was the worst performer.
    • Unlike yesterday, investors were more sanguine about the record number of U.S. coronavirus cases despite the lack of progress towards a stimulus deal and renewed restrictions from cities and states. Presumably, they remained assured that the rough road ahead will smooth itself out in 2021 because of a widespread vaccine and eventual stimulus.
    • This economic optimism was mainly manifested in equities since oil prices ($40.12/bbl, -0.96, -2.3%) settled lower by 2%, gold futures ($1886.80/ozt, +11.30, +0.7%) settled higher, and U.S. Treasuries traded relatively unchanged all session.
    • Looking ahead, investors will receive the Empire State Manufacturing Survey for November on Monday.
Index Summary / Sector Summary -

S&P 500 : (+1.38%); NasDaq : (+0.89%);
Russell 2000 :(+2.07%); Dow :(+1.41%);
Vix :25.35 (-8.88%); [-7.08%]; {-37.79%}
Three highest sectors for today were –
Energy: (+3.64%); Real Estate: (+2.29%); Industrials: (+2.22%)
Three lowest sectors for today were –
Information Technology: (+0.85%); Utilities: (+0.99%); Health Care: (+1.26%)

Anticipated Earnings this Week -

Earnings info Monday –
NKLA 21.16 +1.59,(+8.12%)
SPG 74.7 +5.56,(+8.04%)
NCLH 20.06 +1.21,(+6.42%)
NVAX 96.52 +5.65,(+6.22%)
OXY 11.8 +0.49,(+4.33%)
TLRY 7.625 +0.225,(+3.04%)
PLUG 23.43 -0.02,(-0.08%)
RNG 297.08 -7.57,(-2.48%)
BYND 124.69 -4.21,(-3.27%)
WKHS 19.22 -1.3,(-6.33%)

Earnings info Tuesday –
JMIA 14.69 +1.12,(+8.25%)
LYFT 37.56 +1.1,(+3.02%)
DHI 73.27 +1.85,(+2.59%)
CYBR 105.9 +2.19,(+2.11%)
PRPL 27.15 +0.34,(+1.27%)
AAP 154.0 +0.94,(+0.61%)
RKT 21.85 +0.06,(+0.27%)
DDOG 85.77 -4.24,(-4.71%)

Earnings info Wednesday –
LMND 59.87 +3.87,(+6.91%)
GRWG 25.5 +1.2,(+4.94%)
DOYU 14.2 +0.11,(+0.78%)
HUYA 21.52 +0.16,(+0.75%)

Earnings info Thursday –
CSCO 41.4 +2.73,(+7.06%)
AMAT 72.87 +3.07,(+4.4%)
DIS 138.36 +2.84,(+2.1%)
WIX 244.25 -10.82,(-4.24%)

Earnings info Friday –
DKNG 42.85 +1.6,(+3.88%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Lean Hogs,(LH) 66.725 +1.92 (2.88%)
2. Sugar,(SB) 14.92 +0.43 (2.88%)
3. Cotton,(CT) 70.62 +1.34 (1.9%)
4. Silver,(SI) 24.705 +0.4 (1.62%)
5. Steel,(SRR) 477.5 +7.0 (1.47%)

Top 5 Lowest Commodity % Changes –
1. Crude Oil,(CL) 40.2 -0.92 (-2.29%)
2. Corn,(C) 408.25 -9.0 (-2.2%)
3. Natural Gas,(NG) 2.976 -0.06 (-1.85%)
4. Feeder Cattle,(GF) 137.75 -2.32 (-1.69%)
5. Wheat,(W) 588.25 -9.75 (-1.66%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.55%)
Top 5 Highest SPAC % Changes –
1. KCAC- 19.5 5.2 (+36.36%); 52 week high :25.75
2. IPOB- 19.02 1.14 (+6.38%); 52 week high :27.0
3. FEAC- 12.69 0.68 (+5.66%); 52 week high :14.7
4. LCA- 13.255 0.575 (+4.54%); 52 week high :19.28
5. OPES- 11.04 0.44 (+4.15%); 52 week high :19.92

Top 5 Lowest SPAC % Changes –
1. ORSN- 10.0 -0.4 (-3.85%); 52 week high :12.07
2. NOVS- 10.58 -0.27 (-2.49%); 52 week high :12.99
3. FAII- 9.8 -0.11 (-1.11%); 52 week high :10.06
4. DGNR- 11.54 -0.11 (-0.94%); 52 week high :13.59
5. LATN- 9.91 -0.08 (-0.8%); 52 week high :10.14

Top 5 Spacs by Volume –
1. JWS- 11.97 0.24 (+2.05%); Volume :8,603,755; ADV:1,626,162
2. KCAC- 19.5 5.2 (+36.36%); Volume :7,387,109; ADV:1,013,241
3. SBE- 16.55 0.18 (+1.1%); Volume :2,485,239; ADV:2,395,063
4. CCX- 10.03 0.0 (0.0%); Volume :2,158,781; ADV:1,905,717
5. THCB- 10.25 0.01 (+0.1%); Volume :2,148,043; ADV:172,397

Top 5 Spacs Trading Above ADV –
1. THCB- 10.25 0.01 (+0.1%); ADV:172,397: Multiple of ADV:12.46
2. TREB- 9.87 -0.03 (-0.3%); ADV:68,118: Multiple of ADV:7.91
3. KCAC- 19.5 5.2 (+36.36%); ADV:1,013,241: Multiple of ADV:7.29
4. JWS- 11.97 0.24 (+2.05%); ADV:1,626,162: Multiple of ADV:5.29
5. PTAC- 10.06 0.01 (+0.1%); ADV:150,380: Multiple of ADV:4.64

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. CCL 23 buys totaling 50,823,557 shares. Average Price : 15.75, Cost : $793,117,405
2. BSX 8 buys totaling 6,689,555 shares. Average Price : 37.59, Cost : $251,781,855
3. BABA 5 buys totaling 954,000 shares. Average Price : 263.54, Cost : $251,222,743
4. DIS 2 buys totaling 1,800,000 shares. Average Price : 138.51, Cost : $249,523,500
5. PFE 5 buys totaling 4,691,040 shares. Average Price : 38.11, Cost : $177,821,584

Options Fast Facts -

CBOE Put/Call Ratio – 0.52
Highest Multiple Over Daily Average – AER with 17x the ADV of 1278. There were 496 calls and 21570 puts.
Ticker with Most Contracts –NIO with 1948277 contracts traded today with an AVD of 869050. There were 1357149 calls and 591128 puts.
Largest Put / Call Ratio – AGO with a 299 P/C ratio. There were 10754puts and 36 calls.
Largest Call / Put Ratio – PRSP with a2119 C/P ratio. There were 10597 calls and 5 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

BLNK 9.66 -0.78,(-7.47%)
SE 181.44 +2.67,(+1.49%)
NIO 44.56 -3.74,(-7.74%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:EPD 18.51,0.43(+2.38%) Earnings: 2021-02-04
Name :Enterprise Products Partners LP Special Considerations :
Industry : Industrial Services Sector : Oil & Gas Pipelines
Option Information –
Today’s Option Volume: 55273; OptionOI: 346160
Multiple of ADV: 3; ADV: 16084
Total Calls: 52083; Total Puts: 3190
Calls at Ask: 49.2%; Calls at Bid: 26.0%
Puts at Ask: 41.8%; Puts at Bid: 13.8%
C/P Ratio: 16
Noteable Strikes

NOV 13 ’20 18.5C had 8010 VLM and 5500.0 OI.
NOV 20 ’20 20.0C had 21323.0 VLM and 2536.0 OI.
NOV 27 ’20 20.0C had 1450 VLM and 30 OI.
DEC 18 ’20 19.0C had 1718 VLM and 22728 OI.

News

No news for today

Potential Sympathy Stocks

WMB, KMI, PAA, SE

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 :EPD

Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages natural gas processing plants. The Crude Oil Pipelines & Services segment stores and markets crude oil products. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:PDD 151.3,17.09(+12.73%) Earnings: 2021-03-17
Name :Pinduoduo, Inc.
Industry : Internet Retail

Option Information –

DEC’04 20 175.0C – 1,300 @ 3.35 were traded at 11:51:00 as a BLOCK Spot Price: 152.17
DEC’04 20 200.0C – 699 @ 5.15 were traded at 09:52:00 as a BLOCK Spot Price: 174.12

News –

2020-11-13 11:04:52:Why BofA Is Upgrading Pinduoduo After The Q3 Print
Pinduoduo Inc’s (NASDAQ: PDD ) upbeat third-quarter earnings indicate better monetization and profitability prospects in its marketplace, while its expanded addressable market and user base from the grocery feature Maicai could lend growth upside, according to BofA Securities. The Pinduoduo Analyst: Joyce Ju upgraded Pinduoduo from Neutral to Buy and raised the price target from $90 to $155. The Pinduoduo Thesis: The company reported solid third-quarter results, beating expectations on all metrics, Ju said in the upgrade note. The growth in Pinduoduo’s user base was … Full story available on Benzinga.com
2020-11-13 06:10:35:Breakingviews – Corona Capital: Pinduoduo, Thyssenkrupp, WeWork
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Sympathy Stocks for : PDD

QRTEA, PXHI, PTS-CT, PRTS

This stock was mentioned twice on Nov-03-2020 and Nov-11-2020 at a closing price of 97.84and 111.5.

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 181.44,2.67(+1.49%) Earnings: 2020-11-17
Name :Sea Ltd. (Singapore)
Industry : Internet Software/Services

Option Information –

NOV’20 20 192.5C – 646 @ 6.40 were traded at 11:13:00 as a SWEEP Spot Price: 177.92
NOV’20 20 210.0C – 1,300 @ 4.35 were traded at 15:28:00 as a BLOCK Spot Price: 181.56

News –
2020-11-13 16:46:15:Enbridge subsidiary fined $40,000 for 2018 pipeline blast near Prince George
Westcoast Energy was fined $40,000 fine after the Canada Energy Regulator determined it did not adequately implement a stress corrosion monitoring program.
2020-11-13 15:46:00:New legal challenge to Enbridge pipeline in Michigan threatens higher gas prices in Ontario
Pipeline company warns of ‘devastating consequences’ if state shuts down Line 5

Sympathy Stocks for : SE

WMB, EPD, ENB, SRE

This stock was mentioned twice on Nov-11-2020 and Nov-12-2020 at a closing price of 169.13and 178.77.

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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