Unusual Option Activity for Dec-04-2020 SE, CLDR, AMD, SNOW

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.86% today while the NASDaq had a small gain of (+0.42%). The Russell 2000 rose by (+2.33%). The Dow ended in positive territory at (+0.84%)
    • The best performing sector was Energy(+5.45%) while Utilities(-1.0%)was the worst performer.
    • The market was undeterred by the slowdown in hiring and the increase in permanent job losers since the data would presumably force lawmakers to concede their differences in stimulus talks. House Speaker Pelosi said she talked with Senate Majority Leader McConnell about attaching a smaller stimulus plan to the year-end spending bill.
    • Notably, longer-dated Treasury yields retreated immediately after the release of the employment report in an affirmation of the market’s upbeat economic outlook. The 2s10s spread widened by six basis points today to reach a fresh 2020 high of 83 bps.
    • In the growth-stock space, semiconductor and software stocks picked up the slack for the missing leadership from the top five mega-caps.
    • The Philadelphia Semiconductor Index (+2.8%) was aided by an encouraging sales report from the Semiconductor Industry Association, while DocuSign (DOCU 243.22, +12.21, +5.3%) and smaller software companies reported better-than-expected earnings reports.
    • Looking ahead, investors will receive the Consumer Credit report for October on Monday.
Index Summary / Sector Summary -

S&P 500 : (+0.86%); NasDaq : (+0.42%);
Russell 2000 :(+2.33%); Dow :(+0.84%);
Vix :21.28 (-2.3%); [-0.24%]; {-12.28%}
Three highest sectors for today were –
Energy: (+5.45%); Materials: (+2.02%); Real Estate: (+1.33%)
Three lowest sectors for today were –
Utilities: (-1.0%); Communication Services: (+0.09%); Consumer Discretionary: (+0.1%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
HPE 12.325 +0.715,(+6.16%)
NTAP 60.0 +1.51,(+2.58%)
CRM 225.86 +4.89,(+2.21%)
BOX 16.93 +0.08,(+0.47%)
VEEV 271.72 -2.18,(-0.8%)
MOMO 13.6 -0.23,(-1.66%)
HOME 16.73 -0.55,(-3.18%)

Earnings info Wednesday –
SNOW 387.7 +47.81,(+14.07%)
ESTC 143.28 +8.28,(+6.13%)
CRWD 167.26 +6.07,(+3.77%)
SPLK 160.99 +2.96,(+1.87%)
SNPS 236.9 +2.43,(+1.04%)
OKTA 240.97 -1.38,(-0.57%)
FIVE 161.72 -1.08,(-0.66%)
ZS 180.82 -4.79,(-2.58%)

Earnings info Thursday –
CLDR 12.41 +0.83,(+7.17%)
DOCU 243.28 +12.27,(+5.31%)
SWBI 15.895 +0.765,(+5.06%)
BBW 4.69 +0.04,(+0.86%)
DG 213.4 -1.09,(-0.51%)
SIG 29.28 -0.19,(-0.65%)
DLTH 11.855 -0.08,(-0.67%)
KR 30.58 -0.3,(-0.97%)
MIK 12.07 -0.26,(-2.11%)
CBRL 140.98 -3.6,(-2.49%)

Earnings info Friday –
BIG 46.98 -5.87,(-11.11%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Platinum,(PL) 1071.95 +37.75 (3.52%)
2. Nickel,(NICKEL) 16355.0 +385.0 (2.35%)
3. Lumber,(LB) 660.0 +11.0 (1.67%)
4. Oats,(O) 300.75 +4.25 (1.41%)
5. Aluminum,(MALTR) 2042.25 +28.25 (1.38%)

Top 5 Lowest Commodity % Changes –
1. Natural Gas,(NG) 2.507 -0.27 (-10.89%)
2. Palladium,(PA) 2317.9 -90.3 (-3.9%)
3. Feeder Cattle,(FC) 139.8 -2.0 (-1.43%)
4. Lean Hogs,(LH) 66.925 -0.95 (-1.42%)
5. Rough Rice,(RR) 12.325 -0.12 (-1.01%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (2.08%)
Top 5 Highest SPAC % Changes –
1. STPK- 17.01 6.95 (+69.08%); 52 week high :17.57
2. HCCH- 23.93 5.16 (+27.49%); 52 week high :19.25
3. CIIC- 27.24 5.69 (+26.4%); 52 week high :27.17
4. CGRO- 12.0 2.107 (+21.3%); 52 week high :10.0
5. TRNE- 17.37 2.9 (+20.04%); 52 week high :17.56

Top 5 Lowest SPAC % Changes –
1. RACA- 13.8 -0.44 (-3.09%); 52 week high :15.85
2. EQD- 10.02 -0.23 (-2.24%); 52 week high :10.55
3. LSAC- 16.11 -0.36 (-2.19%); 52 week high :16.78
4. PACE- 10.4 -0.19 (-1.79%); 52 week high :10.59
5. LFAC- 10.87 -0.1406 (-1.28%); 52 week high :11.1

Top 5 Spacs by Volume –
1. STPK- 17.01 6.95 (+69.08%); Volume :34,259,324; ADV:116,759
2. CIIC- 27.24 5.69 (+26.4%); Volume :20,337,495; ADV:7,758,207
3. CGRO- 12.0 2.107 (+21.3%); Volume :7,074,658; ADV:11,201
4. IPOC- 10.51 0.26 (+2.54%); Volume :6,955,316; ADV:1,933,989
5. TRNE- 17.37 2.9 (+20.04%); Volume :6,624,143; ADV:1,745,083

Top 5 Spacs Trading Above ADV –
1. CGRO- 12.0 2.107 (+21.3%); ADV:11,201: Multiple of ADV:631.61
2. STPK- 17.01 6.95 (+69.08%); ADV:116,759: Multiple of ADV:293.42
3. ALUS- 9.98 0.0 (0.0%); ADV:34,834: Multiple of ADV:23.91
4. VYGG- 10.29 0.01 (+0.1%); ADV:41,659: Multiple of ADV:22.79
5. TWCT- 9.9 0.0 (0.0%); ADV:60,842: Multiple of ADV:18.59

Top 5 Highest Warrant % Changes –
1. AACQW- 1.51 0.08 (+5.59%); 52 week high :1.75
2. ACAMW- 1.8 0.2501 (+16.14%); 52 week high :1.55
3. ACEVW- 0.8 -0.0499 (-5.87%); 52 week high :1.25
4. ACND+- 1.305 -0.005 (-0.38%); 52 week high :1.55
5. ACTCW- 1.465 0.165 (+12.69%); 52 week high :1.42

Top 5 Lowest Warrant % Changes –
1. PANA+- 2.05 -0.2 (-8.89%); 52 week high :3.02
2. GSAH+- 1.74 -0.1399 (-7.44%); 52 week high :2.57
3. ACEVW- 0.8 -0.0499 (-5.87%); 52 week high :1.25
4. THCBW- 1.99 -0.11 (-5.24%); 52 week high :2.24
5. TPGY+- 2.379 -0.1208 (-4.83%); 52 week high :4.08

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. WORK 33 buys totaling 17,258,020 shares. Average Price : 42.89, Cost : $739,947,759
2. MSFT 3 buys totaling 1,700,000 shares. Average Price : 214.03, Cost : $363,851,000
3. BAC 6 buys totaling 12,313,080 shares. Average Price : 29.06, Cost : $357,924,556
4. AMD 2 buys totaling 3,000,000 shares. Average Price : 93.83, Cost : $281,607,500
5. GE 8 buys totaling 25,977,400 shares. Average Price : 10.69, Cost : $272,640,025

Options Fast Facts -

CBOE Put/Call Ratio – 0.35
Highest Multiple Over Daily Average – NOV with 19x the ADV of 1344. There were 25625 calls and 541 puts.
Ticker with Most Contracts –XLE with 549041 contracts traded today with an AVD of 190795. There were 422581 calls and 126460 puts.
Largest Put / Call Ratio – UUP with a 3 P/C ratio. There were 34616puts and 10624 calls.
Largest Call / Put Ratio – SH with a230 C/P ratio. There were 28535 calls and 124 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

WBA 43.405 +0.585,(+1.37%)
STAY 14.38 +0.03,(+0.21%)
SE 198.78 +15.25,(+8.31%)
MRVL 43.35 -2.17,(-4.77%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:SE 198.78,15.25(+8.31%) Earnings: None
Name :Sea Ltd – ADR Special Considerations : 52WkHigh
Industry : Information Sector : Software Publishers
Option Information –
Today’s Option Volume: 124295; OptionOI: 311190
Multiple of ADV: 4; ADV: 29605
Total Calls: 107553; Total Puts: 16742
Calls at Ask: 45.4%; Calls at Bid: 28.4%
Puts at Ask: 29.5%; Puts at Bid: 24.2%
C/P Ratio: 6
Noteable Strikes

DEC 04 ’20 190.0C had 7064 VLM and 2400.0 OI.
DEC 04 ’20 200.0C had 12617.0 VLM and 2420.0 OI.
DEC 11 ’20 190.0C had 3464.0 VLM and 2954.0 OI.
DEC 11 ’20 200.0C had 8284.0 VLM and 918.0 OI.

News

2020-12-04 15:15:38:Protesters climb trees to block Enbridge pipeline construction in northern Minnesota
Enbridge received the last of its permits this week after six years of review and legal battles.
2020-12-04 11:20:28:Protesters climb trees at Mississippi River crossing to block Enbridge pipeline construction
Construction began this week on the replacement for Line 3.

Potential Sympathy Stocks

WMB, EPD, ENB, SRE

Impression

This stock was mentioned twice on Dec-03-2020 and Nov-11-2020 at a closing price of 183.53and 169.13.
The Call Ask Percent looks good. I wish the Multiple of ADV was a little higher. The C/P ratio is decent..

Company Description for :SE

Second Momentum Stock Pick

Ticker:CLDR 12.41,0.83(+7.17%) Earnings: None
Name :Cloudera Inc Special Considerations : Post-ER
Industry : Information Sector : Software Publishers
Option Information –
Today’s Option Volume: 102863; OptionOI: 317474
Multiple of ADV: 8; ADV: 12405
Total Calls: 80522; Total Puts: 22341
Calls at Ask: 47.4%; Calls at Bid: 35.8%
Puts at Ask: 52.4%; Puts at Bid: 36.7%
C/P Ratio: 4
Noteable Strikes

DEC 04 ’20 12.0C had 6209 VLM and 5744 OI.
DEC 04 ’20 12.5C had 5637 VLM and 2781 OI.
DEC 11 ’20 12.0C had 2160.0 VLM and 1500 OI.
DEC 11 ’20 13.0C had 3418.0 VLM and 1071 OI.

News

2020-12-04 14:14:47:Despite recovery, it’s not the right time to invest in Cloudera. Here’s why
Of late, Cloudera, Inc. (NYSE: CLDR) has been focused on offering solutions in the high-growth areas of the market, after delivering not-so-impressive performance in recent years. The COVID-driven digital transformation […]
2020-12-04 12:01:20:Cloudera Reports 3rd Quarter Fiscal 2021 Financial Results
SANTA CLARA, Calif., Dec. 4, 2020 — Cloudera, Inc. (NYSE: CLDR), an enterprise data cloud company, reported results for its third quarter of fiscal 2021,

Potential Sympathy Stocks

PPPS, PPRG, PPMH, PPJE

Impression

This stock was mentioned twice on Nov-24-2020 and Oct-13-2020 at a closing price of 11.46and 11.88.
The Call Ask Percent looks good. The Multiple of ADV is okay. I’d like the C/P ratio to be higher.

Company Description for :CLDR

Cloudera, Inc. is a US-based software company that provides a software platform for data engineering, data warehousing, machine learning and analytics that runs in the cloud or on premises. Cloudera started as a hybrid open-source Apache Hadoop distribution, CDH , that targeted enterprise-class deployments of that technology. Cloudera states that more than 50% of its engineering output is donated upstream to the various Apache-licensed open source projects that combine to form the Apache Hadoop platform. Cloudera is also a sponsor of the Apache Software Foundation.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:AMD 94.045,1.735(+1.88%) Earnings: None
Name :Advanced Micro Devices Inc.
Industry : Semiconductor and Related Device Manufacturing

Option Information –

DEC’18 20 104.0C – 3,900 @ 1.19 were traded at 13:39:00 as a BLOCK Spot Price: 93.94

News –

No news for today

Sympathy Stocks for : AMD

INTC, NVDA, TXN, MCHP

This stock was mentioned twice on Nov-04-2020 and Oct-20-2020 at a closing price of 81.28and 81.625.

Company Description for :AMD

(‘AMD’, “Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. While it initially manufactured its own processors, the company later outsourced its manufacturing, a practice known as going fabless, after GlobalFoundries was spun off in 2009. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications. Advanced Micro Devices was formally incorporated by Jerry Sanders, along with seven of his colleagues from Fairchild Semiconductor, on May 1, 1969. Sanders, an electrical engineer who was the director of marketing at Fairchild, had, like many Fairchild executives, grown frustrated with the increasing lack of support, opportunity, and flexibility within the company, and decided to leave to start his own semiconductor company. Robert Noyce, who had developed the first silicon integrated circuit at Fairchild in 1959, had left Fairchild together with Gordon Moore and founded the semiconductor company Intel in July 1968.”)

Second Classic Unusual Options Activity Pick -

Ticker:SNOW 387.7,47.81(+14.07%) Earnings: None
Name :Snowflake Inc – Class A
Industry :

Option Information –

DEC’11 20 450.0C – 498 @ 7.50 were traded at 13:05:00 as a BLOCK Spot Price: 393.45

News –
2020-12-04 14:45:09:Snowflake Option Trader Dumps $1M In Call Contracts
Snowflake Inc (NYSE: SNOW ) shares gained another 14.2% on Friday and are now up 31% in two days after the company reported 119% revenue growth in its first earnings report as a public company. Snowflake’s business is clearly on the right track, but its stock has now more than tripled from its IPO price of $120 in less than three months. The Snowflake Trades: On Friday, Benzinga Pro subscribers received several option alerts related to unusually large Snowflake trades. Here are some of the largest: At 11:41 a.m., a trader sold 214 Snowflake call options with a $385 strike price expiring on Dec. 11 near the bid price at $25.601. The trade represented a $547,861 bearish bet. Seconds later, a trader sold 202 Snowflake call options with a $385 strike price expiring on Dec. 11 near the bid price at $25.20. The trade represented a $509,040 bearish bet. At 11:46 a.m., a trader bought 275 Snowflake call options with a $395 strike price expiring on Dec. 11 near the ask price at $21. The trade represented a $577,500 bullish bet.
2020-12-04 10:05:38:Snowflake CEO on first earnings report, data cloud outlook
Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman speak with Snowflake CEO Frank Slootman about the company’s first earnings report since its IPO, and future outlook.

Sympathy Stocks for : SNOW

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Company Description for :SNOW

(‘SNOW’, ”)

What are your thoughts?

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