Unusual Option Activity for Dec-11-2020 SLM, ALXN, FSLY

Daily Synopsis -

    • The S&P 500 -0.12% today while the NASDaq decreased by (-0.26%). The Russell 2000 closed lower by (-0.49%). The Dow ended in positive territory at (+0.13%)
    • The best performing sector was Communication Services(+0.6%) while Energy(-1.15%)was the worst performer.
    • Appropriately, the cyclical energy (-1.2%) and financials (-1.0%) sectors were today’s laggards, but they did close off session lows as investors bought the intraday dip in the second half of the session. News that the Senate passed a continuation resolution to fund the government until Dec. 18 was construed as a positive influence for sentiment.
    • Separately, the FDA advisory panel recommended in a 17-4 vote that the Covid vaccine from Pfizer (PFE 41.12, -0.61, -1.5%) and BioNTech (BNTX 127.30, -2.24, -1.7%) should be approved for emergency use. The FDA said it will rapidly work toward finalization and issuance of an emergency use authorization.
    • In earnings news, Oracle (ORCL 60.61, +1.13, +1.9%), Broadcom (AVGO 405.82, -4.22, -1.0%), Costco (COST 375.10, +2.31, +0.6%), and lululemon athletica (LULU 344.32, -24.75, -6.7%) closed mixed following their better-than-expected earnings reports.
    • Investors will not receive any notable economic data on Monday.
Index Summary / Sector Summary -

S&P 500 : (-0.12%); NasDaq : (-0.26%);
Russell 2000 :(-0.49%); Dow :(+0.13%);
Vix :22.52 (+3.51%); [+12.12%]; {+13.32%}
Three highest sectors for today were –
Communication Services: (+0.6%); Industrials: (+0.24%); Consumer Staples: (+0.22%)
Three lowest sectors for today were –
Energy: (-1.15%); Financials: (-1.01%); Materials: (-0.57%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
CHWY 85.11 +7.04,(+9.02%)
MDB 339.91 +20.85,(+6.54%)
PHR 57.9 +1.54,(+2.73%)
AZO 1155.3 +17.45,(+1.53%)
GWRE 123.23 +1.39,(+1.14%)
CMD 74.46 +0.19,(+0.26%)
HRB 15.91 -0.05,(-0.31%)
DBI 7.16 -0.16,(-2.19%)
AVAV 83.85 -2.6,(-3.01%)
GME 13.31 -0.81,(-5.74%)

Earnings info Wednesday –
VERU 6.36 +0.39,(+6.53%)
PLAB 11.26 +0.15,(+1.35%)
GEF 48.17 +0.23,(+0.48%)
ADBE 476.07 -0.8,(-0.17%)
VRA 7.25 -0.02,(-0.27%)
LOVE 38.66 -2.08,(-5.11%)
RH 428.88 -23.97,(-5.29%)
LULU 344.21 -24.86,(-6.74%)
UNFI 15.58 -1.43,(-8.41%)

Earnings info Thursday –
CIEN 47.81 +1.71,(+3.71%)
ORCL 60.61 +1.13,(+1.9%)
COST 375.18 +2.39,(+0.64%)

Earnings info Friday –
AVGO 405.62 -4.42,(-1.08%)
ROAD 27.685 -1.425,(-4.9%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Natural Gas,(NG) 2.553 +0.11 (4.35%)
2. Lumber,(LB) 786.5 +32.0 (4.07%)
3. Brent Crude,(LCO) 50.25 +1.39 (2.77%)
4. Wheat,(W) 596.5 +13.25 (2.22%)
5. Coffee,(KC) 121.03 +2.48 (2.05%)

Top 5 Lowest Commodity % Changes –
1. Orange Juice,(OJ) 120.9 -4.75 (-3.93%)
2. Zinc,(MZN) 2786.0 -76.0 (-2.73%)
3. Sugar,(SB) 14.66 -0.31 (-2.11%)
4. Platinum,(PL) 1019.0 -20.4 (-2.0%)
5. Lean Hogs,(LH) 65.1 -1.18 (-1.8%)

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. TPGY- 24.0 12.9 (+116.22%); 52 week high :27.66
2. QELL- 12.83 1.43 (+12.54%); 52 week high :11.52
3. PACE- 11.48 0.9 (+8.51%); 52 week high :11.68
4. FIII- 12.44 0.71 (+6.05%); 52 week high :12.02
5. GXGX- 11.92 0.63 (+5.58%); 52 week high :11.29

Top 5 Lowest SPAC % Changes –
1. SSPK- 12.995 -1.405 (-9.76%); 52 week high :14.4
2. TZAC- 9.0 -0.95 (-9.55%); 52 week high :11.88
3. SBE- 37.91 -3.99 (-9.52%); 52 week high :43.0
4. CIIC- 28.69 -2.69 (-8.57%); 52 week high :36.23
5. HCAC- 20.26 -1.74 (-7.91%); 52 week high :22.0

Top 5 Spacs by Volume –
1. BFT- 14.0 0.55 (+4.09%); Volume :25,246,827; ADV:9,859,425
2. FIII- 12.44 0.71 (+6.05%); Volume :15,104,186; ADV:910,913
3. TPGY- 24.0 12.9 (+116.22%); Volume :14,112,116; ADV:450,077
4. GIK- 12.7 0.1 (+0.79%); Volume :12,345,395; ADV:1,419,749
5. TRNE- 24.77 0.0 (0.0%); Volume :8,841,426; ADV:3,261,398

Top 5 Spacs Trading Above ADV –
1. TPGY- 24.0 12.9 (+116.22%); ADV:450,077: Multiple of ADV:31.35
2. ENPC- 24.89 0.09 (+0.36%); ADV:16,224: Multiple of ADV:24.83
3. IACA- 10.69 0.19 (+1.81%); ADV:10,468: Multiple of ADV:23.34
4. HLXA- 10.7 0.0 (0.0%); ADV:4,415: Multiple of ADV:18.12
5. FCAC- 10.39 0.09 (+0.87%); ADV:19,994: Multiple of ADV:17.07

Top 5 Highest Warrant % Changes –
1. TPGY+- 6.24 3.93 (+170.13%); 52 week high :6.59
2. IGACW- 1.59 0.4 (+33.61%); 52 week high :1.2
3. SAIIW- 0.98 0.219 (+28.78%); 52 week high :0.8375
4. NHICW- 1.39 0.27 (+24.11%); 52 week high :1.3
5. GLEO+- 0.83 0.16 (+23.88%); 52 week high :0.83

Top 5 Lowest Warrant % Changes –
1. MAACW- 1.24 -0.21 (-14.48%); 52 week high :1.45
2. MLACW- 0.6801 -0.0999 (-12.81%); 52 week high :0.79
3. DSACW- 1.46 -0.19 (-11.52%); 52 week high :1.65
4. TDACW- 2.03 -0.25 (-10.96%); 52 week high :2.28
5. SBG+- 0.905 -0.095 (-9.5%); 52 week high :1.0

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. MSFT 2 buys totaling 1,634,940 shares. Average Price : 210.45, Cost : $344,197,150
2. FB 3 buys totaling 800,000 shares. Average Price : 274.7, Cost : $219,167,500
3. AAPL 7 buys totaling 1,545,000 shares. Average Price : 121.28, Cost : $187,347,000
4. WORK 5 buys totaling 3,707,585 shares. Average Price : 42.23, Cost : $156,389,714
5. SQ 2 buys totaling 710,000 shares. Average Price : 215.03, Cost : $152,988,050

Options Fast Facts -

CBOE Put/Call Ratio – 0.40
Highest Multiple Over Daily Average – SLM with 37x the ADV of 1016. There were 36907 calls and 239 puts.
Ticker with Most Contracts –EEM with 3026517 contracts traded today with an AVD of 308994. There were 2862583 calls and 163934 puts.
Largest Put / Call Ratio – FEZ with a 309 P/C ratio. There were 13597puts and 44 calls.
Largest Call / Put Ratio – WBT with a1309 C/P ratio. There were 19631 calls and 15 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CCJ 13.33 +0.87,(+6.98%)
EGO 12.86 -0.4,(-3.02%)
FSLY 95.69 -1.16,(-1.2%)
NET 82.41 -1.64,(-1.95%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:SLM 12.06,0.3(+2.55%) Earnings: None
Name :SLM Corp. Special Considerations :
Industry : Finance and Insurance Sector : Credit Card Issuing
Option Information –
Today’s Option Volume: 37146; OptionOI: 21539
Multiple of ADV: 37; ADV: 1016
Total Calls: 36907; Total Puts: 239
Calls at Ask: 72.1%; Calls at Bid: 19.6%
Puts at Ask: 64.8%; Puts at Bid: 9.0%
C/P Ratio: 154
Noteable Strikes

DEC 18 ’20 12.0C had 1219 VLM and 30 OI.
MAR 19 ’21 12.0C had 29905 VLM and 22 OI.
APR 16 ’21 12.0C had 1027.0 VLM and 407 OI.

News

No news for today

Potential Sympathy Stocks

FCFS, FMCC, WRLD, BGRP

Impression

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

Company Description for :SLM

SLM Corporation is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in 1973. At first, it was a government entity that serviced federal education loans. It then became private and started offering private student loans, although at one point it had a contract to service federal loans. The company’s primary business is creating, servicing, and collecting private education loans. The company also provides college savings tools such as its Upromise Rewards business and online planning for college tools and resources. Sallie Mae previously originated federally guaranteed student loans originated under the Federal Family Education Loan Program . and worked as a servicer and collector of federal student loans on behalf of the Department of Education. The company now offers private education loans and manages more than $12.97 billion in assets. Sallie Mae employs 1,400 individuals at offices across the U.S.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:ALXN 120.96,2.09(+1.76%) Earnings: None
Name :Alexion Pharmaceuticals Inc.
Industry : Pharmaceutical Preparation Manufacturing

Option Information –

JAN’15 21 130.0C – 3,200 @ 2.80 were traded at 09:59:00 as a SPLIT Spot Price: 120.69

News –

No news for today

Sympathy Stocks for : ALXN

GILD, REGN, VRTX, BIIB

This stock was also mentioned on Oct-19-2020 at a closing price of 121.81

Company Description for :ALXN

(‘ALXN’, ”)

Second Classic Unusual Options Activity Pick -

Ticker:FSLY 95.69,-1.16(-1.2%) Earnings: None
Name :Fastly Inc – Class A
Industry : Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing

Option Information –

JAN’15 21 125.0C – 957 @ 4.40 were traded at 10:05:00 as a SWEEP Spot Price: 99.85

News –
No news for today

Sympathy Stocks for : FSLY

PMOZ, PLUS, PING, PRFT

This stock was mentioned twice on Dec-10-2020 and Oct-07-2020 at a closing price of 96.85and 120.33.

Company Description for :FSLY

(‘FSLY’, ”)

What are your thoughts?

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