Unusual Option Activity for Dec-16-2020 MT, DISH, JMIA, PTON

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.16% today while the NASDaq had a small gain of (+0.56%). The Russell 2000 closed lower by (-0.36%). The Dow ended in negative territory at (-0.15%)
    • The best performing sector was Information Technology(+0.68%) while Utilities(-1.16%)was the worst performer.
    • The “extraordinarily accommodative” monetary policy, to quote Fed Chair Powell, should reassure the market in the 2021 recovery narrative, especially since the central bank expects any vaccine-induced inflation to be short-lived. Additional fiscal support is still needed, but the wait could soon be over before week’s end.
    • Reports indicated that congressional leadership is close to reaching a $900 billion stimulus deal that includes direct paychecks, enhanced unemployment benefits, small business relief, and funding for the paycheck protection program. State and local aid and liability protection are reportedly not included.
    • The prior bipartisan proposal didn’t mention direct payments to households, so that inclusion in this potential deal had a positive effect on shares of Amazon (AMZN 3240.96, +75.84, +2.4%) and Shopify (SHOP 1157.31, +83.21, +7.8%). On a related note, total retail sales declined 1.1% m/m in November (consensus -0.2%) on top of a downwardly revised 0.1% decline (from +0.3%) in October.
    • Looking ahead, investors will receive weekly Initial and Continuing Claims, Housing Starts and Building Permits for November, and the Philadelphia Fed Index for December on Thursday.
Index Summary / Sector Summary -

S&P 500 : (+0.16%); NasDaq : (+0.56%);
Russell 2000 :(-0.36%); Dow :(-0.15%);
Vix :22.89 (-1.7%); [+1.03%]; {+5.73%}
Three highest sectors for today were –
Information Technology: (+0.68%); Consumer Discretionary: (+0.66%); Consumer Staples: (+0.19%)
Three lowest sectors for today were –
Utilities: (-1.16%); Industrials: (-0.62%); Energy: (-0.49%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
NAV 44.2 +0.01,(+0.02%)
MTSC 58.38 -0.01,(-0.02%)
ASPU 11.63 -0.26,(-2.19%)
NDSN 194.37 -7.54,(-3.73%)

Earnings info Wednesday –
LEN 74.29 +0.42,(+0.57%)
TTC 92.26 -0.3,(-0.32%)
ABM 40.34 -0.76,(-1.85%)

Earnings info Thursday –
FDX 288.81 +3.07,(+1.07%)
ACN 247.45 +0.4,(+0.16%)
GIS 58.92 -0.11,(-0.19%)
SAFM 141.0 -0.76,(-0.54%)
JBL 41.06 -0.42,(-1.01%)
SCHL 26.57 -0.47,(-1.74%)
CAMP 10.775 -0.195,(-1.78%)
WOR 52.53 -1.4,(-2.6%)
AIR 34.29 -1.05,(-2.97%)
RAD 17.11 -1.23,(-6.71%)

Earnings info Friday –
APOG 31.8 +0.96,(+3.11%)
DRI 116.49 +2.06,(+1.8%)
WGO 58.91 -2.79,(-4.52%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Silver,(SI) 25.525 +0.88 (3.45%)
2. Coffee,(KC) 126.58 +3.48 (2.75%)
3. Steel,(SRR) 581.0 +11.0 (1.89%)
4. Lumber,(LB) 826.0 +13.0 (1.57%)
5. Soybeans,(S) 1184.25 +14.75 (1.25%)

Top 5 Lowest Commodity % Changes –
1. Cocoa,(CC) 2541.0 -48.0 (-1.89%)
2. Nickel,(NICKEL) 17382.5 -262.5 (-1.51%)
3. Oats,(O) 334.0 -3.5 (-1.05%)
4. Rough Rice,(RR) 12.33 -0.08 (-0.69%)
5. Platinum,(PL) 1040.7 -3.15 (-0.3%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.5%)
Top 5 Highest SPAC % Changes –
1. LCA- 22.97 2.32 (+11.24%); 52 week high :24.77
2. HCAC- 19.92 1.9 (+10.54%); 52 week high :22.0
3. NPA- 11.38 1.06 (+10.27%); 52 week high :11.5
4. CIIC- 30.58 2.83 (+10.2%); 52 week high :36.23
5. TPGY- 20.58 1.58 (+8.32%); 52 week high :24.0

Top 5 Lowest SPAC % Changes –
1. IPOB- 25.67 -2.21 (-7.93%); 52 week high :29.48
2. BRPA- 13.17 -0.93 (-6.6%); 52 week high :15.2
3. HSAQ- 11.59 -0.36 (-3.01%); 52 week high :12.39
4. MFAC- 12.64 -0.36 (-2.77%); 52 week high :15.0
5. BFT- 13.72 -0.36 (-2.56%); 52 week high :14.61

Top 5 Spacs by Volume –
1. NPA- 11.38 1.06 (+10.27%); Volume :13,209,245; ADV:47,447
2. BFT- 13.72 -0.36 (-2.56%); Volume :11,396,324; ADV:13,894,922
3. IPOC- 10.88 -0.17 (-1.54%); Volume :7,172,644; ADV:5,993,796
4. FEAC- 17.68 -0.32 (-1.78%); Volume :6,526,237; ADV:3,882,809
5. PIC- 15.05 0.76 (+5.32%); Volume :4,262,937; ADV:5,337,729

Top 5 Spacs Trading Above ADV –
1. NPA- 11.38 1.06 (+10.27%); ADV:47,447: Multiple of ADV:278.4
2. CHAQ- 10.26 0.25 (+2.5%); ADV:7,302: Multiple of ADV:12.81
3. SCPE- 10.24 0.0399 (+0.39%); ADV:5,747: Multiple of ADV:6.16
4. THBR- 10.595 -0.095 (-0.89%); ADV:615,081: Multiple of ADV:6.05
5. SFTW- 10.35 0.05 (+0.48%); ADV:82,540: Multiple of ADV:4.76

Top 5 Highest Warrant % Changes –
1. DFPHW- 2.34 0.73 (+45.34%); 52 week high :2.48
2. AHACW- 1.28 0.38 (+42.22%); 52 week high :1.15
3. DFHTW- 2.98 0.77 (+34.84%); 52 week high :2.6
4. CPSR+- 1.35 0.3 (+28.57%); 52 week high :1.35
5. HPX+- 1.14 0.19 (+20.0%); 52 week high :1.175

Top 5 Lowest Warrant % Changes –
1. GNRSW- 0.81 -0.1 (-10.99%); 52 week high :1.1
2. MAACW- 1.35 -0.16 (-10.6%); 52 week high :1.7
3. PTACW- 2.23 -0.26 (-10.44%); 52 week high :2.84
4. LSACW- 1.76 -0.1945 (-9.95%); 52 week high :3006.27
5. ACEVW- 1.24 -0.1247 (-9.14%); 52 week high :1.43

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. AAPL 5 buys totaling 7,435,000 shares. Average Price : 127.97, Cost : $952,216,500
2. AZN 16 buys totaling 4,223,097 shares. Average Price : 51.59, Cost : $217,804,536
3. VIAC 5 buys totaling 4,319,600 shares. Average Price : 36.0, Cost : $155,509,117
4. NFLX 1 buys totaling 218,700 shares. Average Price : 521.24, Cost : $113,995,188
5. RUN 1 buys totaling 1,759,157 shares. Average Price : 61.5, Cost : $108,188,156

Options Fast Facts -

CBOE Put/Call Ratio – 0.43
Highest Multiple Over Daily Average – HBAN with 20x the ADV of 2218. There were 41896 calls and 1717 puts.
Ticker with Most Contracts –MSFT with 644665 contracts traded today with an AVD of 274105. There were 480922 calls and 163743 puts.
Largest Put / Call Ratio – IEF with a 257 P/C ratio. There were 40118puts and 156 calls.
Largest Call / Put Ratio – BTI with a143 C/P ratio. There were 22194 calls and 155 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

BIDU 190.4 +4.9,(+2.64%)
MT 23.21 +0.03,(+0.13%)
CREE 90.74 -1.09,(-1.19%)
STM 36.34 -0.25,(-0.68%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:MT 23.21,0.03(+0.13%) Earnings: None
Name :ArcelorMittal – New York Shares – Level III Special Considerations : 52WkHigh
Industry : Manufacturing Sector : Iron and Steel Mills and Ferroalloy Manufacturing
Option Information –
Today’s Option Volume: 91753; OptionOI: 278500
Multiple of ADV: 9; ADV: 10368
Total Calls: 77478; Total Puts: 14275
Calls at Ask: 45.1%; Calls at Bid: 31.7%
Puts at Ask: 21.4%; Puts at Bid: 2.8%
C/P Ratio: 5
Noteable Strikes

News

No news for today

Potential Sympathy Stocks

PKX, GGB, NUE, X

Impression

This stock was also mentioned on Dec-15-2020 at a closing price of 23.18
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 :MT

Second Momentum Stock Pick

Ticker:DISH 31.535,-4.145(-11.62%) Earnings: None
Name :Dish Network Corp – Class A Special Considerations : SSR
Industry : Information Sector : Satellite Telecommunications
Option Information –
Today’s Option Volume: 77214; OptionOI: 317807
Multiple of ADV: 6; ADV: 13326
Total Calls: 66396; Total Puts: 10818
Calls at Ask: 43.4%; Calls at Bid: 6.0%
Puts at Ask: 35.4%; Puts at Bid: 40.5%
C/P Ratio: 6
Noteable Strikes

News

2020-12-16 14:15:45:DISH Network Falls on $2 Billion Convertible Bond Offering
Moody’s assigns a B1 rating to the DISH Network offering which will raise funds for 5G buildout.
2020-12-16 13:52:53:Dish Network’s stock tumbles to pace S&P 500’s losers after $2 billion convertible debt offering
Shares of Dish Network Corp. undefined tumbled 9.6% in afternoon trading Wednesday, enough to pace the S&P 500’s undefined losers, after the satellite pay-TV…

Potential Sympathy Stocks

CMCSA, CHTR, NFLX, DIS

Impression

The Call Ask Percent looks good. The Multiple of ADV is okay. The C/P ratio is decent..

Company Description for :DISH

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:JMIA 39.29,3(+8.27%) Earnings: None
Name :Jumia Technologies Ag – ADR
Industry : Electronic Shopping

Option Information –

JAN’15 21 42.0C – 650 @ 4.00 were traded at 11:26:00 as a SWEEP Spot Price: 37.65

News –

No news for today

Sympathy Stocks for : JMIA

PIKL, PERI, PINS, PWNX

This stock was mentioned twice on Nov-25-2020 and Oct-16-2020 at a closing price of 37.61and 15.22.

Company Description for :JMIA

(‘JMIA’, ”)

Second Classic Unusual Options Activity Pick -

Ticker:PTON 134.05,6.27(+4.91%) Earnings: None
Name :Peloton Interactive Inc – Class A
Industry : Sporting and Athletic Goods Manufacturing

Option Information –

JAN’15 21 160.0C – 1,000 @ 2.57 were traded at 13:16:00 as a BLOCK Spot Price: 131.85

News –
No news for today

Sympathy Stocks for : PTON

NLS, LEAT, JOUT, PTON

This stock was also mentioned on Oct-26-2020 at a closing price of 117.96

Company Description for :PTON

(‘PTON’, ”)

What are your thoughts?

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