Unusual Option Activity for Dec-21-2020 STX, FUBO

Daily Synopsis -

    • The S&P 500 -0.36% today while the NASDaq decreased by (-0.36%). The Russell 2000 closed lower by (-0.05%). The Dow ended in positive territory at (+0.08%)
    • The best performing sector was Financials(+0.81%) while Energy(-3.22%)was the worst performer.
    • The way the market regathered, though, suggested that this new variant isn’t necessarily a U.S. issue yet (Europe Stoxx 600 fell 2.3% while U.S. equities cut losses) and that stocks were simply vulnerable against any negative-sounding development after the major indices hit record highs last week.
    • The influential information technology (+0.1%) and financials (+1.2%) sectors helped the market recover. The energy (-1.8%), utilities (-1.3%), consumer staples (-1.1%), and health care (-1.0%) sectors finished as laggards, with energy stocks pressured by lower oil prices ($47.79/bbl, -1.25, -2.6%).
    • The financials sector noticeably outperformed after the Fed said it will permit large banks to repurchase shares in the first quarter, albeit with income limitations. JPMorgan Chase (JPM 123.55, +4.47, +3.8%) authorized a $30 billion share repurchase program, and Goldman Sachs (GS 256.98, +14.85, +6.1%) shares surged 6%.
    • The market, and Dow, received further support from Apple (AAPL 128.23, +1.58, +1.2%), Microsoft (MSFT 222.59, +4.00, +1.8%), and Nike (NKE 144.02, +6.72, +4.9%). Tesla (TSLA 649.86, 45.14, -6.6%), meanwhile, was a drag on its first day as an S&P 500 component.
    • Apple is reportedly targeting 2024 to produce passenger vehicles with self-driving capabilities and breakthrough battery technology, according to Reuters. Microsoft was upgraded to Buy from Neutral at Citigroup. Nike reported positive earnings results and an encouraging revenue outlook.
    • Investors did not receive any economic data on Monday. Looking ahead, investors will receive the Conference Board’s Consumer Confidence Index for December, Existing Home Sales for November, and the third estimate for Q3 GDP.
Index Summary / Sector Summary -

S&P 500 : (-0.36%); NasDaq : (-0.36%);
Russell 2000 :(-0.05%); Dow :(+0.08%);
Vix :21.57 (+16.64%); [+1.78%]; {+21.66%}
Three highest sectors for today were –
Financials: (+0.81%); Information Technology: (-0.13%); Industrials: (-1.01%)
Three lowest sectors for today were –
Energy: (-3.22%); Real Estate: (-2.17%); Utilities: (-2.04%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
KMX 100.46 +2.21,(+2.25%)
NEOG 80.71 -0.09,(-0.11%)
CTAS 346.62 -7.73,(-2.18%)

Earnings info Wednesday –
PAYX 96.61 -0.31,(-0.32%)

Earnings info Thursday –
No Earnings
Earnings info Friday –
No Earnings

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Natural Gas,(NG) 2.7 +0.06 (2.37%)
2. Orange Juice,(OJ) 120.05 +2.45 (2.04%)
3. Soybeans,(S) 1220.0 +18.75 (1.54%)
4. Silver,(SI) 26.42 +0.41 (1.53%)
5. Brent Crude,(LCO) 52.26 +0.76 (1.45%)

Top 5 Lowest Commodity % Changes –
1. Lumber,(LB) 734.2 -105.9 (-14.42%)
2. Crude Oil,(CL) 47.75 -1.49 (-3.12%)
3. Platinum,(PL) 1019.65 -24.85 (-2.44%)
4. Sugar,(SB) 14.44 -0.24 (-1.66%)
5. Aluminum,(MALTR) 2027.5 -29.5 (-1.45%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (1.58%)
Top 5 Highest SPAC % Changes –
1. BRPA- 33.3 18.05 (+118.36%); 52 week high :15.6
2. PIC- 19.54 4.22 (+27.55%); 52 week high :19.8
3. LSAC- 19.2 2.46 (+14.7%); 52 week high :16.78
4. IPV- 14.9 1.85 (+14.18%); 52 week high :14.9
5. GIK- 12.45 1.49 (+13.59%); 52 week high :13.33

Top 5 Lowest SPAC % Changes –
1. ATAC- 10.23 -0.58 (-5.37%); 52 week high :10.81
2. FSRV- 13.53 -0.72 (-5.05%); 52 week high :14.25
3. DGNR- 13.5 -0.42 (-3.02%); 52 week high :14.13
4. BLSA- 10.82 -0.28 (-2.52%); 52 week high :11.1
5. LFAC- 10.61 -0.2 (-1.85%); 52 week high :11.1

Top 5 Spacs by Volume –
1. PIC- 19.54 4.22 (+27.55%); Volume :22,557,146; ADV:5,296,442.0
2. BFT- 14.82 0.9 (+6.47%); Volume :19,452,042; ADV:16,128,738.0
3. IPOC- 13.25 1.17 (+9.69%); Volume :19,289,621; ADV:7,796,878.0
4. WPF- 11.16 0.11 (+1.0%); Volume :7,041,744; ADV:780,872.0
5. SBE- 39.0 3.01 (+8.36%); Volume :6,808,549; ADV:8,830,917.0

Top 5 Spacs Trading Above ADV –
1. LUXA- 11.0 0.0 (0.0%); ADV:140.0: Multiple of ADV:409.09
2. BHSE- 9.9 0.0 (0.0%); ADV:7,796.0: Multiple of ADV:13.53
3. WPF- 11.16 0.11 (+1.0%); ADV:780,872.0: Multiple of ADV:9.02
4. HIGA- 10.06 0.05 (+0.5%); ADV:53,578.0: Multiple of ADV:6.33
5. LFTR- 9.985 0.0 (0.0%); ADV:21,447.0: Multiple of ADV:5.74

Top 5 Highest Warrant % Changes –
1. BRPAW- 4.185 1.7034 (+68.64%); 52 week high :2.48
2. RPLA+- 1.54 0.44 (+40.0%); 52 week high :1.54
3. PACE+- 3.2 0.89 (+38.53%); 52 week high :3.2
4. LOAK+- 7.0 1.47 (+26.58%); 52 week high :7.0
5. GIK+- 2.888 0.588 (+25.56%); 52 week high :2.91

Top 5 Lowest Warrant % Changes –
1. GRNVW- 0.61 -0.07 (-10.29%); 52 week high :0.95
2. ACEVW- 1.14 -0.11 (-8.8%); 52 week high :1.43
3. PMVC+- 0.95 -0.09 (-8.65%); 52 week high :1.17
4. ZGYHW- 0.55 -0.05 (-8.33%); 52 week high :0.65
5. ASAQ+- 0.89 -0.08 (-8.25%); 52 week high :0.99

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. DIS 3 buys totaling 915,000 shares. Average Price : 171.59, Cost : $156,980,800
2. AAPL 2 buys totaling 980,000 shares. Average Price : 126.46, Cost : $123,856,300
3. RP 7 buys totaling 1,321,100 shares. Average Price : 87.69, Cost : $115,866,353
4. AZN 4 buys totaling 2,255,000 shares. Average Price : 49.49, Cost : $111,757,020
5. PINS 1 buys totaling 1,326,000 shares. Average Price : 70.77, Cost : $93,834,920

Options Fast Facts -

CBOE Put/Call Ratio – 0.46
Highest Multiple Over Daily Average – XP with 23x the ADV of 2041. There were 306 calls and 47317 puts.
Ticker with Most Contracts –BAC with 481088 contracts traded today with an AVD of 219888. There were 349513 calls and 131575 puts.
Largest Put / Call Ratio – XP with a 155 P/C ratio. There were 47317puts and 306 calls.
Largest Call / Put Ratio – QQQJ with a133 C/P ratio. There were 29276 calls and 220 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

PLUG 32.415 +0.79,(+2.5%)
FSLY 101.21 -0.57,(-0.56%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:STX 65.08,0.36(+0.56%) Earnings: None
Name :Seagate Technology Plc Special Considerations : ExDiv
Industry : Manufacturing Sector : Computer Storage Device Manufacturing
Option Information –
Today’s Option Volume: 84228; OptionOI: 138936
Multiple of ADV: 13; ADV: 6475
Total Calls: 82795; Total Puts: 1433
Calls at Ask: 62.3%; Calls at Bid: 10.5%
Puts at Ask: 35.4%; Puts at Bid: 52.9%
C/P Ratio: 58
Noteable Strikes

DEC 24 ’20 60.0C had 1061 VLM and 355 OI.
JAN 15 ’21 47.5C had 9465 VLM and 2130 OI.
JAN 15 ’21 50.0C had 13001 VLM and 2447 OI.

News

No news for today

Potential Sympathy Stocks

NTAP, WDC, HPQ, MSFT

Impression

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

Company Description for :STX

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:FUBO 49.48,10.23(+26.06%) Earnings: None
Name :fuboTV Inc
Industry : Motion Picture and Video Production

Option Information –

JAN’15 21 55.0C – 503 @ 6.55 were traded at 14:55:00 as a SWEEP Spot Price: 50.31

News –

No news for today

Sympathy Stocks for : FUBO

NFLX, PNTV, MSGN, MMTV

Company Description for :FUBO

(‘FUBO’, ”)

Second Classic Unusual Options Activity Pick -

What are your thoughts?

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