Unusual Option Activity for Dec-01-2020 KGC, OVV, STM

Daily Synopsis -

    • The S&P 500 increased +1.09% today while the NASDaq added (+1.32%). The Russell 2000 advanced (+0.93%). The Dow ended in positive territory at (+0.61%)
    • The best performing sector was Communication Services(+1.84%) while Industrials(-0.25%)was the worst performer.
    • The market ran into a speed bump late in the afternoon on news that Senate Majority Leader McConnell disapproved the $908 billion bipartisan stimulus package proposed by several lawmakers earlier in the day. Mr. McConnell prefers to combine $429 bln in unused Fed funding toward a year-end spending bill, according to CNBC.
    • The stimulus situation harked on Fed Chair Powell’s congressional warning that the outlook remains “extraordinarily uncertain.” Nevertheless, it’s almost a certainty that more fiscal relief is coming in one form or another. Mr. Powell testified on the CARES Act today along with Treasury Secretary Mnuchin.
    • Separately, shares of Zoom Video (ZM 406.31, -72.05, -15.1%) succumbed to profit-taking interest following its better-than-expected earnings report and upbeat guidance. Moderna (MRNA 141.01, -11.73, -7.7%) faced similar selling pressure after starting the day with a 16% gain.
    • Looking ahead, investors will receive the ADP Employment Change Report for November and the weekly MBA Mortgage Applications Index on Wednesday.
Index Summary / Sector Summary -

S&P 500 : (+1.09%); NasDaq : (+1.32%);
Russell 2000 :(+0.93%); Dow :(+0.61%);
Vix :20.57 (+0.97%); [-8.34%]; {-8.54%}
Three highest sectors for today were –
Communication Services: (+1.84%); Financials: (+1.54%); Information Technology: (+1.28%)
Three lowest sectors for today were –
Industrials: (-0.25%); Energy: (+0.46%); Utilities: (+0.7%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
VEEV 284.2 +7.33,(+2.65%)
NTAP 54.205 +0.895,(+1.68%)
HPE 11.2 +0.16,(+1.45%)
BOX 18.54 -0.15,(-0.8%)
CRM 241.35 -4.45,(-1.81%)
HOME 18.41 -0.53,(-2.8%)
MOMO 13.57 -0.81,(-5.63%)

Earnings info Wednesday –
FIVE 162.16 +5.76,(+3.68%)
SPLK 206.415 +2.235,(+1.09%)
SNPS 229.83 +2.33,(+1.02%)
ESTC 120.8 -3.0,(-2.42%)
ZS 151.47 -4.28,(-2.75%)
OKTA 236.79 -8.25,(-3.37%)
CRWD 147.45 -5.83,(-3.8%)
SNOW 305.64 -20.2,(-6.2%)

Earnings info Thursday –
MIK 10.215 +0.325,(+3.29%)
CBRL 142.07 +2.49,(+1.78%)
ZUO 11.57 +0.18,(+1.58%)
ULTA 279.505 +4.105,(+1.49%)
MRVL 46.655 +0.365,(+0.79%)
SIG 30.51 +0.22,(+0.73%)
DG 219.84 +1.26,(+0.58%)
KR 33.01 +0.01,(+0.03%)
SWBI 15.75 -0.01,(-0.06%)
CLDR 11.33 -0.35,(-3.0%)

Earnings info Friday –
BIG 55.08 +3.41,(+6.6%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Silver,(SI) 24.125 +1.53 (6.35%)
2. Platinum,(PL) 1007.25 +35.05 (3.48%)
3. Gold,(GC) 1818.3 +37.4 (2.06%)
4. Lean Hogs,(LH) 68.575 +1.33 (1.93%)
5. Copper,(HG) 3.502 +0.06 (1.83%)

Top 5 Lowest Commodity % Changes –
1. Wheat,(W) 585.0 -21.0 (-3.59%)
2. Oats,(O) 291.5 -8.0 (-2.74%)
3. Coffee,(KC) 118.13 -2.57 (-2.18%)
4. Sugar,(SB) 14.51 -0.31 (-2.14%)
5. Soybeans,(S) 1168.5 -23.25 (-1.99%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.72%)
Top 5 Highest SPAC % Changes –
1. OPES- 13.81 1.31 (+10.48%); 52 week high :18.55
2. BCTG- 11.79 0.89 (+8.16%); 52 week high :11.79
3. THCA- 10.66 0.46 (+4.51%); 52 week high :10.9
4. SMMC- 13.4 0.5 (+3.88%); 52 week high :13.89
5. CFII- 10.33 0.345 (+3.45%); 52 week high :10.915

Top 5 Lowest SPAC % Changes –
1. RMG- 15.46 -2.29 (-12.9%); 52 week high :17.75
2. SBE- 29.35 -4.26 (-12.68%); 52 week high :37.13
3. THCB- 11.41 -1.5 (-11.62%); 52 week high :12.91
4. IPOB- 20.14 -2.4 (-10.65%); 52 week high :26.48
5. GIK- 11.85 -1.33 (-10.09%); 52 week high :13.18

Top 5 Spacs by Volume –
1. CFII- 10.33 0.345 (+3.45%); Volume :12,364,889; ADV:205,500
2. APXT- 13.99 -1.32 (-8.62%); Volume :10,189,362; ADV:4,239,215
3. SBE- 29.35 -4.26 (-12.68%); Volume :10,188,105; ADV:6,738,429
4. GMHI- 16.96 -1.44 (-7.83%); Volume :7,207,651; ADV:2,979,585
5. NGA- 13.2 -0.8 (-5.71%); Volume :6,889,500; ADV:1,433,340

Top 5 Spacs Trading Above ADV –
1. THCA- 10.66 0.46 (+4.51%); ADV:26,157: Multiple of ADV:65.09
2. CFII- 10.33 0.345 (+3.45%); ADV:205,500: Multiple of ADV:60.17
3. FTOC- 9.795 -0.025 (-0.26%); ADV:163,871: Multiple of ADV:15.03
4. AMCI- 12.135 -0.865 (-6.65%); ADV:629,912: Multiple of ADV:7.41
5. OAC- 10.77 0.25 (+2.38%); ADV:206,014: Multiple of ADV:7.34

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. AAPL 6 buys totaling 2,117,746 shares. Average Price : 122.37, Cost : $258,759,309
2. AZN 5 buys totaling 3,333,004 shares. Average Price : 52.74, Cost : $175,723,441
3. INTC 6 buys totaling 3,062,030 shares. Average Price : 49.46, Cost : $151,436,423
4. VALE 16 buys totaling 9,047,367 shares. Average Price : 15.42, Cost : $139,483,716
5. NVS 3 buys totaling 1,526,011 shares. Average Price : 90.1, Cost : $137,489,138

Options Fast Facts -

CBOE Put/Call Ratio – 0.43
Highest Multiple Over Daily Average – BB with 43x the ADV of 11956. There were 426896 calls and 89484 puts.
Ticker with Most Contracts –PFE with 761843 contracts traded today with an AVD of 243472. There were 715524 calls and 46319 puts.
Largest Put / Call Ratio – IPHI with a 20 P/C ratio. There were 10325puts and 525 calls.
Largest Call / Put Ratio – TSEM with a187 C/P ratio. There were 21159 calls and 113 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

TSLA 585 +17.4,(+3.07%)
BEKE 64.39 -0.94,(-1.44%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:KGC 7.46,0.32(+4.48%) Earnings: None
Name :Kinross Gold Corp. Special Considerations :
Industry : Mining, Quarrying, and Oil and Gas Extraction Sector : Gold Ore Mining
Option Information –
Today’s Option Volume: 51319; OptionOI: 291442
Multiple of ADV: 6; ADV: 8771
Total Calls: 49439; Total Puts: 1880
Calls at Ask: 72.1%; Calls at Bid: 14.3%
Puts at Ask: 37.4%; Puts at Bid: 12.1%
C/P Ratio: 26
Noteable Strikes

DEC 04 ’20 8.0C had 1576 VLM and 987 OI.
DEC 18 ’20 7.0C had 4102.0 VLM and 968 OI.
JAN 15 ’21 9.0C had 30336 VLM and 2239 OI.

News

No news for today

Potential Sympathy Stocks

NG, SA, NGD, HL

Impression

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

Company Description for :KGC

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:OVV 12.83,0.07(+0.55%) Earnings: None
Name :Ovintiv Inc
Industry :

Option Information –

DEC’18 20 14.0C – 3,366 @ 0.60 were traded at 15:24:00 as a SWEEP Spot Price: 12.98

News –

No news for today

Sympathy Stocks for : OVV

PSH-CV, PSJEY, PRT, PRQ-CT

Company Description for :OVV

(‘OVV’, ‘Ovintiv Inc. is a hydrocarbon exploration and production company organized in Delaware and headquartered in Denver, United States. Initially, it was founded and headquartered in Calgary, Alberta, and in the mid-2000s was the largest energy company in Canada. In the 2020 Forbes Global 2000, Ovintiv was ranked as the 1923rd -largest public company in the world. . It has also been included on the Dow Jones Sustainability Index. Before asset sales in 2013, the company was the largest natural gas producer in Canada.’)

Second Classic Unusual Options Activity Pick -

Ticker:STM 41.4,1.75(+4.41%) Earnings: None
Name :ST Microelectronics – New York Shares
Industry : Semiconductor and Related Device Manufacturing

Option Information –

DEC’18 20 45.0C – 2,500 @ 0.65 were traded at 12:47:00 as a BLOCK Spot Price: 41.48

News –
No news for today

Sympathy Stocks for : STM

TXN, NXPI, ADI, MXIM

This stock was also mentioned on Nov-24-2020 at a closing price of 37.54

Company Description for :STM

(‘STM’, ”)

What are your thoughts?

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