Unusual Option Activity for Dec-09-2020 GOGO, ARVN, PDD

Daily Synopsis -

    • The S&P 500 -0.9% today while the NASDaq weakened by (-2.2%). The Russell 2000 closed lower by (-0.73%). The Dow ended in negative territory at (-0.44%)
    • The best performing sector was Industrials(+0.22%) while Information Technology(-1.92%)was the worst performer.
    • Notably, the cyclical energy (+0.3%), industrials (+0.2%), and materials (+0.1%) sectors closed higher, emblematic of lingering recovery optimism.
    • Besides the new supply delivered by DoorDash and overstretched market conditions, other negative headwinds included continued stimulus disagreements and big-tech regulatory concerns. The latter stemmed from the FTC and U.S. states officially filing separate lawsuits against Facebook (FB 277.92, -5.48, -1.9%) over its business practices.
    • As for stimulus, Treasury Secretary Mnuchin offered a new $916 billion stimulus bill, but Democratic Congressional leadership didn’t like the fact that it excluded enhanced unemployment benefits and preferred to focus on the $908 billion bipartisan plan instead.
    • Looking ahead, investors will receive the weekly Initial and Continuing Claims report, the Consumer Price Index for November, and the Treasury Budget for November on Thursday.
Index Summary / Sector Summary -

S&P 500 : (-0.9%); NasDaq : (-2.2%);
Russell 2000 :(-0.73%); Dow :(-0.44%);
Vix :20.68 (+7.69%); [+5.2%]; {+4.8%}
Three highest sectors for today were –
Industrials: (+0.22%); Energy: (+0.22%); Materials: (+0.06%)
Three lowest sectors for today were –
Information Technology: (-1.92%); Communication Services: (-1.19%); Real Estate: (-0.92%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
LQDT 15.85 +0.95,(+6.38%)
AZO 1136.67 +40.68,(+3.71%)
PHR 52.61 +0.71,(+1.37%)
HRB 16.38 +0.08,(+0.49%)
MDB 280.35 -2.63,(-0.93%)
AVAV 88.6 -1.85,(-2.04%)
CMD 72.78 -2.32,(-3.09%)
GWRE 120.92 -5.51,(-4.36%)
CHWY 75.57 -3.58,(-4.52%)
DBI 7.9 -0.71,(-8.25%)

Earnings info Wednesday –
VERU 3.9 +0.655,(+20.18%)
LOVE 40.38 +6.57,(+19.43%)
GEF 51.85 +1.01,(+1.99%)
RH 467.83 -4.22,(-0.89%)
LULU 363.61 -7.46,(-2.01%)
ADBE 483.31 -11.97,(-2.42%)
VRA 7.255 -1.145,(-13.63%)
UNFI 16.11 -2.69,(-14.31%)
PLAB 11.105 -2.105,(-15.93%)

Earnings info Thursday –
ORCL 59.78 +0.75,(+1.27%)
COST 374.25 -3.35,(-0.89%)
CIEN 47.18 -1.11,(-2.3%)

Earnings info Friday –
ROAD 28.9 -0.44,(-1.5%)
AVGO 416.62 -6.79,(-1.6%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Lumber,(LB) 725.2 +28.4 (3.92%)
2. Orange Juice,(OJ) 126.1 +4.2 (3.33%)
3. Nickel,(NICKEL) 16695.0 +312.5 (1.87%)
4. Aluminum,(MALTR) 2036.25 +37.5 (1.84%)
5. Oats,(O) 323.5 +5.25 (1.62%)

Top 5 Lowest Commodity % Changes –
1. Silver,(SI) 24.023 -0.71 (-2.97%)
2. Platinum,(PL) 1008.9 -28.65 (-2.84%)
3. Cocoa,(CC) 2575.0 -61.0 (-2.37%)
4. Gold,(GC) 1843.2 -31.7 (-1.72%)
5. Wheat,(W) 570.0 -7.5 (-1.32%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.73%)
Top 5 Highest SPAC % Changes –
1. THCB- 17.04 4.26 (+33.33%); 52 week high :12.91
2. DMYD- 13.8 2.2 (+18.97%); 52 week high :14.28
3. SBE- 43.0 4.44 (+11.52%); 52 week high :44.41
4. HCAC- 19.95 2.02 (+11.27%); 52 week high :18.2
5. NOVS- 16.1 1.6 (+11.03%); 52 week high :14.5

Top 5 Lowest SPAC % Changes –
1. LCA- 22.91 -1.83 (-7.4%); 52 week high :24.77
2. HCCH- 23.41 -1.86 (-7.36%); 52 week high :25.27
3. LSAC- 14.81 -1.04 (-6.56%); 52 week high :16.78
4. LOAK- 14.31 -1.0 (-6.53%); 52 week high :16.905
5. NGA- 15.38 -0.99 (-6.05%); 52 week high :16.55

Top 5 Spacs by Volume –
1. BFT- 12.75 -0.03 (-0.24%); Volume :32,251,225; ADV:7,154,137
2. THCB- 17.04 4.26 (+33.33%); Volume :24,911,152; ADV:4,069,029
3. IPOC- 11.27 0.09 (+0.8%); Volume :14,476,364; ADV:3,997,415
4. SBE- 43.0 4.44 (+11.52%); Volume :12,396,061; ADV:8,369,318
5. VSPR- 11.33 0.93 (+8.94%); Volume :11,573,352; ADV:121,841

Top 5 Spacs Trading Above ADV –
1. VSPR- 11.33 0.93 (+8.94%); ADV:121,841: Multiple of ADV:94.99
2. PACE- 10.5 0.152 (+1.47%); ADV:9,415: Multiple of ADV:36.15
3. DEH- 9.85 0.05 (+0.51%); ADV:55,593: Multiple of ADV:16.89
4. GXGX- 11.005 0.525 (+5.01%); ADV:110,435: Multiple of ADV:15.11
5. ALAC- 11.15 0.07 (+0.63%); ADV:29,723: Multiple of ADV:11.49

Top 5 Highest Warrant % Changes –
1. CAPAW- 1.65 0.65 (+65.0%); 52 week high :1.19
2. THCBW- 3.26 1.0604 (+48.21%); 52 week high :2.27
3. ALACW- 1.17 0.3342 (+39.99%); 52 week high :0.9
4. DMYD+- 3.4 0.96 (+39.34%); 52 week high :3.405
5. GHIVW- 2.855 0.605 (+26.89%); 52 week high :3.0

Top 5 Lowest Warrant % Changes –
1. FCACW- 1.67 -0.32 (-16.08%); 52 week high :1.99
2. OACB+- 1.47 -0.25 (-14.54%); 52 week high :1.8
3. PMVC+- 0.8001 -0.1273 (-13.73%); 52 week high :0.9274
4. HZAC+- 1.4 -0.19 (-11.95%); 52 week high :1.59
5. GNRSW- 0.59 -0.077 (-11.54%); 52 week high :0.667

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. WORK 15 buys totaling 3,536,373 shares. Average Price : 42.37, Cost : $149,877,110
2. CNP 10 buys totaling 6,267,244 shares. Average Price : 22.17, Cost : $138,989,958
3. LUV 12 buys totaling 2,896,300 shares. Average Price : 46.02, Cost : $133,250,317
4. SPTM 3 buys totaling 2,740,914 shares. Average Price : 45.47, Cost : $124,718,478
5. CMI 1 buys totaling 524,588 shares. Average Price : 224.33, Cost : $117,680,826

Options Fast Facts -

CBOE Put/Call Ratio – 0.38
Highest Multiple Over Daily Average – PEN with 16x the ADV of 1165. There were 3213 calls and 15530 puts.
Ticker with Most Contracts –PFE with 871834 contracts traded today with an AVD of 348978. There were 795213 calls and 76621 puts.
Largest Put / Call Ratio – ZTO with a 17 P/C ratio. There were 14277puts and 843 calls.
Largest Call / Put Ratio – TRTN with a209 C/P ratio. There were 10047 calls and 48 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

GOGO 11.26 -0.94,(-7.7%)
ZM 385.69 -26.31,(-6.39%)
PDD 147.69 -9.8,(-6.22%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:GOGO 11.26,-0.94(-7.7%) Earnings: None
Name :Gogo Inc Special Considerations : 52WkHigh
Industry : Information Sector : Software Publishers
Option Information –
Today’s Option Volume: 105369; OptionOI: 242200
Multiple of ADV: 8; ADV: 13704
Total Calls: 100542; Total Puts: 4827
Calls at Ask: 54.2%; Calls at Bid: 35.2%
Puts at Ask: 19.1%; Puts at Bid: 63.7%
C/P Ratio: 21
Noteable Strikes

DEC 18 ’20 11.0C had 2811 VLM and 6233 OI.
DEC 18 ’20 12.0C had 2460.0 VLM and 5654 OI.
JAN 15 ’21 12.0C had 4557 VLM and 8043 OI.
FEB 19 ’21 12.0C had 2184 VLM and 15005 OI.

News

No news for today

Potential Sympathy Stocks

GSAT, ORBC, IRDM, ENT

Impression

This stock was also mentioned on Dec-08-2020 at a closing price of 12.19
The Call Ask Percent is high. The Multiple of ADV is okay. Very high C/P Ratio.

Company Description for :GOGO

Gogo Inc. is a provider of in-flight broadband Internet service and other connectivity services for commercial and business aircraft, headquartered in Chicago, Illinois. 17 airlines partner with Gogo to provide in-flight WiFi, including British Airways, Aer Lingus, Iberia, Gol linhas aereas, Aeromexico, American Airlines, Air Canada, Alaska Airlines, Cathay Pacific Airways, Delta Air Lines, Japan Airlines, JTA, United Airlines, Hainan Airlines, Vietnam Airlines, Virgin Atlantic and Virgin Australia. Gogo Inc. is a holding company, operating through its two subsidiaries, Gogo LLC and Gogo Business Aviation Inc. . According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is also the developer of 2Ku, the new in-flight satellite-based Wi-Fi technology. Gogo began in 1991 in a barbecue restaurant in Denison, Texas, where company founder Jimmy Ray sketched his idea for an affordable telephone system for private airplanes on a paper napkin. John D. Goeken of MCI and Airfone had already invented an automated air-to-ground telephone system in the 1970s, and in 1989 founded In-Flight Phone Corporation as a competitor to GTE Airfone, serving many commercial airline passengers, but not supplying general aviation customers. Through a partnership with cellular providers, Gogo began as Aircell, providing analog-based voice communications on private aircraft in North America. By the late 1990s Gogo had leveraged a satellite-based system to offer voice communication on overseas flights. The next step was to devise a way to bring in-air connectivity to a larger market. In 2006, Gogo was awarded the U.S. Federal Communications Commission’s exclusive Air-To-Ground 3 GHz broadband frequency license. In 2008, Gogo made their debut on commercial aircraft.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:ARVN 28.54,1.4(+5.16%) Earnings: None
Name :Arvinas Inc
Industry : Medicinal and Botanical Manufacturing

Option Information –

DEC’18 20 35.0C – 2,714 @ 2.25 were traded at 10:58:00 as a BLOCK Spot Price: 27.65

News –

No news for today

Sympathy Stocks for : ARVN

OCX, OGEN, OMMH, OCUL

Company Description for :ARVN

(‘ARVN’, ”)

Second Classic Unusual Options Activity Pick -

Ticker:PDD 147.69,-9.8(-6.22%) Earnings: None
Name :Pinduoduo Inc – ADR
Industry :

Option Information –

DEC’18 20 170.0C – 1,900 @ 2.05 were traded at 11:29:00 as a BLOCK Spot Price: 151.34

News –
No news for today

Sympathy Stocks for : PDD

QRTEA, PXHI, PTS-CT, PRTS

This stock was mentioned twice on Dec-08-2020 and Nov-03-2020 at a closing price of 157.535and 97.84.

Company Description for :PDD

(‘PDD’, ”)

What are your thoughts?

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