Unusual Option Activity for Nov-16-2020 UPWK, LI, BA

Daily Synopsis -

    • The S&P 500 increased +1.25% today while the NASDaq had a small gain of (+0.69%). The Russell 2000 rose by (+2.38%). The Dow ended in positive territory at (+1.64%)
    • The best performing sector was Energy(+6.58%) while Health Care(-0.17%)was the worst performer.
    • Many of the growth stocks underperformed but held up relatively well despite the cyclical/value leadership. The semiconductor stocks, for example, drew support from reports that Taiwan Semi (TSM 99.27, +6.05, +6.5%) is expanding production capacity to meet high demand from chip companies. The Philadelphia Semiconductor Index gained 2.5%.
    • Today also featured some smaller M&A deals that were conducive for risk sentiment. Home Depot (HD 279.57, +2.40, +0.9%) agreed to acquire HD Supply (HDS 55.77, +10.96, +24.5%) for $56.00 per share, or about $8 billion, in cash. PNC (PNC 126.29, +3.51, +2.9%) agreed to acquire BBVA USA Bancshares for $11.6 billion in cash.
    • Monday’s economic data was limited to the Empire State Manufacturing Survey, which decreased to 6.3 in November (consensus 14.0) from 10.5 in October.
Index Summary / Sector Summary -

S&P 500 : (+1.25%); NasDaq : (+0.69%);
Russell 2000 :(+2.38%); Dow :(+1.64%);
Vix :23.1 (-2.81%); [-12.82%]; {-36.85%}
Three highest sectors for today were –
Energy: (+6.58%); Industrials: (+2.44%); Financials: (+2.22%)
Three lowest sectors for today were –
Health Care: (-0.17%); Communication Services: (+0.64%); Real Estate: (+0.64%)

Anticipated Earnings this Week -

Earnings info Monday –
MGIC 14.15 +1.43,(+11.24%)
AZUL 17.8 +1.76,(+10.97%)
PANW 278.5 +19.8,(+7.65%)
SDC 9.965 +0.555,(+5.9%)
IQ 27.76 +1.06,(+3.97%)
TSN 64.74 +2.39,(+3.83%)
ACM 50.55 +1.04,(+2.1%)
BIDU 147.85 +2.77,(+1.91%)
VBLT 1.18 0.0,(0.0%)
NTWK 2.7 0.0,(0.0%)

Earnings info Tuesday –
KSS 26.15 +1.89,(+7.79%)
LODE 1.15 +0.06,(+5.5%)
ARMK 35.13 +0.94,(+2.75%)
NIO 45.58 +1.02,(+2.29%)
WMT 152.44 +1.9,(+1.26%)
HD 279.57 +2.4,(+0.87%)
SE 178.22 -3.22,(-1.77%)

Earnings info Wednesday –
TJX 61.09 +1.46,(+2.45%)
BILI 50.055 +1.155,(+2.36%)
NVDA 541.0 +9.12,(+1.71%)
LOW 161.9 +2.67,(+1.68%)
TGT 165.18 +2.3,(+1.41%)
SR 63.76 +0.48,(+0.76%)
AVYA 18.79 +0.07,(+0.37%)

Earnings info Thursday –
M 8.02 +0.66,(+8.97%)
BJ 42.03 +1.64,(+4.06%)
WDAY 225.16 +3.16,(+1.42%)
INTU 357.13 +0.18,(+0.05%)
CSIQ 38.77 -0.06,(-0.15%)
NTES 87.07 -1.2,(-1.36%)

Earnings info Friday –
FL 39.72 +2.48,(+6.66%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Coffee,(KC) 118.45 +9.2 (7.77%)
2. Platinum,(PL) 930.65 +34.1 (3.66%)
3. Crude Oil,(CL) 41.38 +1.25 (3.02%)
4. Orange Juice,(OJ) 122.6 +2.85 (2.32%)
5. Copper,(HG) 3.2275 +0.05 (1.53%)

Top 5 Lowest Commodity % Changes –
1. Lean Hogs,(LH) 64.575 -2.15 (-3.33%)
2. Feeder Cattle,(FC) 137.875 -2.85 (-2.07%)
3. Brent Crude,(LCO) 42.78 -0.75 (-1.75%)
4. Oats,(O) 295.5 -4.5 (-1.52%)
5. Palladium,(PA) 2329.7 -12.2 (-0.52%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.24%)
Top 5 Highest SPAC % Changes –
1. SBE- 18.2 1.65 (+9.97%); 52 week high :18.64
2. LCA- 13.84 0.55 (+4.14%); 52 week high :19.28
3. ROCH- 10.5 0.4 (+3.96%); 52 week high :10.55
4. NOVS- 11.07 0.42 (+3.94%); 52 week high :12.99
5. CLA- 10.0 0.35 (+3.63%); 52 week high :10.0

Top 5 Lowest SPAC % Changes –
1. ORSN- 9.09 -0.95 (-9.46%); 52 week high :12.07
2. IPOB- 18.49 -0.53 (-2.79%); 52 week high :27.0
3. JWS- 11.8 -0.17 (-1.42%); 52 week high :12.11
4. BMRG- 10.68 -0.14 (-1.29%); 52 week high :11.84
5. DGNR- 11.43 -0.11 (-0.95%); 52 week high :13.59

Top 5 Spacs by Volume –
1. PIC- 10.36 0.25 (+2.47%); Volume :4,350,191; ADV:1,044,509
2. JWS- 11.8 -0.17 (-1.42%); Volume :4,221,167; ADV:1,906,292
3. KCAC- 19.67 0.17 (+0.87%); Volume :4,165,185; ADV:1,225,250
4. ROCH- 10.5 0.4 (+3.96%); Volume :2,723,977; ADV:45,804
5. SBE- 18.2 1.65 (+9.97%); Volume :2,521,554; ADV:2,381,632

Top 5 Spacs Trading Above ADV –
1. ROCH- 10.5 0.4 (+3.96%); ADV:45,804: Multiple of ADV:59.47
2. STPK- 9.7 -0.05 (-0.51%); ADV:65,105: Multiple of ADV:11.04
3. NBAC- 9.995 0.005 (+0.05%); ADV:24,330: Multiple of ADV:7.75
4. CLA- 10.0 0.35 (+3.63%); ADV:50,988: Multiple of ADV:7.14
5. GOAC- 9.78 0.08 (+0.83%); ADV:108,449: Multiple of ADV:5.42

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. HDS 31 buys totaling 9,817,196 shares. Average Price : 55.72, Cost : $547,001,952
2. PFE 9 buys totaling 5,651,260 shares. Average Price : 37.02, Cost : $209,038,500
3. VALE 25 buys totaling 13,494,297 shares. Average Price : 11.78, Cost : $159,012,291
4. CRM 1 buys totaling 568,000 shares. Average Price : 250.0, Cost : $142,000,000
5. TSLA 2 buys totaling 322,760 shares. Average Price : 407.58, Cost : $131,550,521

Options Fast Facts -

CBOE Put/Call Ratio – 0.50
Highest Multiple Over Daily Average – AFL with 46x the ADV of 1994. There were 51937 calls and 39130 puts.
Ticker with Most Contracts –GE with 615675 contracts traded today with an AVD of 287233. There were 444749 calls and 170926 puts.
Largest Put / Call Ratio – TRN with a 80 P/C ratio. There were 17526puts and 219 calls.
Largest Call / Put Ratio – WBT with a1026 C/P ratio. There were 11282 calls and 11 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

EPD 18.95 +0.44,(+2.38%)
PDD 142 -9.29,(-6.14%)
SE 178.22 -3.22,(-1.77%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:UPWK 33.05,2.21(+7.17%) Earnings: 2021-03-04
Name :Upwork, Inc. Special Considerations : 52WkHigh
Industry : Technology Services Sector : Packaged Software
Option Information –
Today’s Option Volume: 27617; OptionOI: 69148
Multiple of ADV: 4; ADV: 6449
Total Calls: 25977; Total Puts: 1640
Calls at Ask: 44.5%; Calls at Bid: 35.5%
Puts at Ask: 25.6%; Puts at Bid: 42.7%
C/P Ratio: 16
Noteable Strikes

NOV 20 ’20 35.0C had 14346 VLM and 1797 OI.
DEC 18 ’20 35.0C had 2853.0 VLM and 828 OI.
JAN 15 ’21 35.0C had 1028 VLM and 615 OI.
APR 16 ’21 35.0C had 1114 VLM and 445 OI.

News

No news for today

Potential Sympathy Stocks

PIKL, PERI, PINS, PWNX

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 :UPWK

Upwork, Inc. operates an online marketplace that enables businesses to find, hire, and pay freelancers for short-term and longer-term projects. Its marketplace offerings include Upwork Basic, Upwork Plus, Upwork Business, Upwork Enterprise, and Upwork Payroll. The company was founded by Odysseas Tsatalos and Efstratios Karamanlakis in December 2013 and is headquartered in Santa Clara, CA.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:LI 35.555,4.355(+13.96%) Earnings: None
Name :Li Auto, Inc.
Industry : Auto Parts: OEM

Option Information –

DEC’18 20 35.0C – 1,621 @ 4.60 were traded at 09:30:00 as a SPLIT Spot Price: 31.84
DEC’18 20 40.0C – 1,586 @ 3.70 were traded at 09:36:00 as a SPLIT Spot Price: 32.68

News –

No news for today

Sympathy Stocks for : LI

SHYF, NSANY, NKLA, NIO

This stock was also mentioned on Nov-04-2020 at a closing price of 25.32

Company Description for :LI

(‘LI’, ‘Li Auto, Inc. designs, develops, manufactures and sells premium smart electric SUVs energy vehicle. It provides safe, convenient, and cost-effective mobility solutions to families. The firm model includes Li ONE & EREV. Its passenger vehicle market categorized into sedan, SUV, and MPV segments. The company was founded by Xiang Li , Yanan Shen, Tie Li , Donghui Ma in April 2015 and is headquartered in Beijing, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:BA 202.4,15.29(+8.17%) Earnings: 2021-02-03
Name :The Boeing Co.
Industry : Aerospace & Defense

Option Information –

DEC’18 20 220.0C – 513 @ 5.63 were traded at 09:45:00 as a SWEEP Spot Price: 195.97
NOV’20 20 210.0C – 1,300 @ 4.35 were traded at 15:28:00 as a BLOCK Spot Price: 181.56

News –
2020-11-16 09:48:19:One giant leap for space privatization
Monday’s successful Crew Dragon capsule launch heralds the culmination of nearly two decades of efforts to privatize US space missions, as SpaceX and Boeing compete to take over low Earth orbit transit duties from Russia. Plus, China scores an economic coup with the signing of the world’s largest free trade deal in the Asia-Pacific region while the US is left on the sidelines.
2020-11-16 08:16:12:U.S. Expected to Grant Safety Clearance for Boeing’s 737 MAX This Week
After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win U.S. approval on Wednesday to resume flights of its grounded 737 MAX. But the largest U.S. airplane maker faces headwinds from …

Sympathy Stocks for : BA

LMT, NOC, ERJ, GD

This stock was also mentioned on Nov-09-2020 at a closing price of 179.37

Company Description for :BA

(‘BA’, ‘The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.’)

What are your thoughts?

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