Unusual Option Activity for Nov-02-2020 NVDA, NIO

Daily Synopsis -

  • The S&P 500 increased +1.12% today while the NASDaq had a small gain of (+0.23%). The Russell 2000 rose by (+1.78%). The Dow ended in positive territory at (+1.56%)
  • The best performing sector was Energy(+3.41%) while Communication Services(-0.05%)was the worst performer.
  • At the other end, the information technology (+0.3%), consumer discretionary (+0.3%), and communication services (+0.1%) sectors struggled to keep pace due to renewed selling pressure in their mega-cap components, which were also among the weakest performers last week.
  • Note, the session high for the S&P 500 was set in the first hour of trading. The lack of follow-through buying suggested that the market retained a wait-and-see mindset for the presidential election tomorrow. News that Massachusetts announced a stay-at-home order might have also tempered gains in the cyclical stocks.
  • In earnings news, Clorox (CLX 216.03, +8.78, +4.2%) was a clear winner as the company continued to benefit from strong demand caused by the pandemic. In addition to beating revenue estimates, the company guided FY21 revenue above consensus.
  • U.S. Treasuries finished mixed and little changed. The 2-yr yield increased one basis point to 0.16%, and the 10-yr yield declined one basis point to 0.85%. The U.S. Dollar Index finished little changed at 94.06.

Index Summary -

S&P 500 : (+1.12%); NasDaq : (+0.23%);
Russell 2000 :(+1.78%); Dow :(+1.56%);
Vix :38.02 (-2.34%); [+14.39%]; {+26.51%}

Sector Summary -

Three highest sectors for today were –
Energy: (+3.41%); Materials: (+3.32%); Industrials: (+2.7%)
Three lowest sectors for today were –
Communication Services: (-0.05%); Information Technology: (+0.25%); Consumer Discretionary: (+0.71%)

Commodities/Futures -

(1-day %), [5-day %], {10-day %}

Currency –
USD Index :94.042 (+0.04%); [+0.71%]; {+1.2%}
BC :13735 (+0.11%); [+4.36%]; {+4.52%}

Precious Metals –
Gold :1879.9 (+0.87%); [+1.07%]; {-0.25%}
Silver :23.646 (+2.13%); [+3.54%]; {-2.09%}

Farming –
Soybeans :1056.25 (-0.43%); [-0.52%]; {-2.05%}
Corn :398.5 (-0.63%); [-1.37%]; {-4.86%}
Coffee :106.85 (-1.73%); [0.0%]; {-1.59%}

Industrials –
Crude :35.79 (+3.21%); [-1.2%]; {-9.1%}
Nat Gas :3.354 (-3.55%); [+7.98%]; {+7.58%}
Copper :3.0475 (+1.23%); [+0.92%]; {-2.06%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.06%)
Top 5 Highest SPAC % Changes –
1. CFFA- 10.73 0.38 (+3.67%); 52 week high :12.1
2. SBE- 13.71 0.48 (+3.63%); 52 week high :17.6
3. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
4. NGA- 9.85 0.22 (+2.28%); 52 week high :10.04
5. DMYT- 11.36 0.22 (+1.98%); 52 week high :14.38
Top 5 Lowest SPAC % Changes –
1. MNCL- 8.97 -0.86 (-8.75%); 52 week high :10.88
2. IPOB- 15.55 -0.89 (-5.41%); 52 week high :27.0
3. FEAC- 11.08 -0.45 (-3.9%); 52 week high :14.7
4. LCA- 12.14 -0.26 (-2.1%); 52 week high :19.28
5. SMMC- 11.03 -0.2 (-1.78%); 52 week high :12.15
Top 5 Spacs by Volume –

1. IPV- 10.02 0.13 (+1.31%); Volume :7,344,984; ADV:142,588
2. IPOB- 15.55 -0.89 (-5.41%); Volume :2,473,270; ADV:3,361,577
3. SBE- 13.71 0.48 (+3.63%); Volume :1,883,375; ADV:3,438,370
4. FEAC- 11.08 -0.45 (-3.9%); Volume :1,468,041; ADV:2,205,699
5. FVAC- 11.08 -0.03 (-0.27%); Volume :1,059,394; ADV:975,437
Top 5 Spacs Trading Above ADV –

1. IPV- 10.02 0.13 (+1.31%); ADV:142,588: Multiple of ADV:51.51
2. TZAC- 10.87 0.02 (+0.18%); ADV:3,249: Multiple of ADV:38.25
3. DFHT- 10.14 0.04 (+0.4%); ADV:5,754: Multiple of ADV:36.58
4. BRLI- 9.78 0.0 (0.0%); ADV:5,375: Multiple of ADV:9.05
5. DFPH- 10.1 0.0 (0.0%); ADV:22,738: Multiple of ADV:8.8

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. DNKN 14 buys totaling 4,965,083 shares. Average Price : 106.01, Cost : $526,346,518
2. WFC 3 buys totaling 19,741,200 shares. Average Price : 21.73, Cost : $428,913,104
3.TSLA 1 buys totaling 200,160 shares. Average Price : 395.0, Cost : $79,063,200
4.MSFT 1 buys totaling 370,970 shares. Average Price : 201.42, Cost : $74,722,632
5. SQ 1 buys totaling 330,000 shares. Average Price : 153.5, Cost : $50,655,000

Options Fast Facts -

CBOE Put/Call Ratio – 0.77
Highest Multiple Over Daily Average – PAGP with 15x the ADV of 1943. There were 28364 calls and 149 puts.
Ticker with Most Contracts –WFC with 351225 contracts traded today with an AVD of 143857. There were 258177 calls and 93048 puts.
Largest Put / Call Ratio – BKLN with a 1360 P/C ratio. There were 23120puts and 17 calls.
Largest Call / Put Ratio – HCC with a2103 C/P ratio. There were 16824 calls and 8 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

C 42.21 +0.79,(+1.91%)
PRTS 12.81 +0.12,(+0.95%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:NVDA 503.275,1.915(+0.38%) Earnings: 2020-11-18

Name :NVIDIA Corp.

Industry : Semiconductors

Option Information –

NOV’20 20 575.0C – 935 @ 7.70 were traded at 10:31:00 as a BLOCK Spot Price: 512.33

NOV’20 20 575.0C – 688 @ 7.04 were traded at 10:31:00 as a SWEEP Spot Price: 511.34

News –

2020-11-02 13:00:04:Review: NVIDIA’s GeForce RTX 3080 is the GPU for 4K PC gaming

The RTX 3080 delivers outstanding performance over the RTX 2080, making it the ideal choice for 4K gaming. With an innovative new design with better airflow and sizeable gains across the board, the RTX 3080 Founders Edition is the ultimate gaming GPU in 2020.

2020-11-02 11:47:39:Nvidia RTX 3060 Ti has reportedly been delayed by two weeks

The mid-range GPU is now rumored to arrive on December 2 as Ampere stock woes continue

Sympathy Stocks for : NVDA

TXN, AMD, INTC, ALTR

Company Description for :NVDA

(‘NVDA’, ‘NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.’)

Second Classic Unusual Options Activity Pick -

Ticker:NIO 33.32,2.74(+8.96%) Earnings: 2020-11-17

Name :NIO, Inc. (China)

Industry : Motor Vehicles

Option Information –

NOV’13 20 39.0C – 1,857 @ 1.21 were traded at 10:07:00 as a BLOCK Spot Price: 33.79

News –
2020-11-02 13:30:56:Trading NIO as It Rips Higher After Deliveries Double

NIO is hitting new all-time highs as it doubled deliveries in October vs. a year earlier.

2020-11-02 11:50:54:NIO stock touches all-time highs after doubling EV deliveries to a new monthly record

Chinese electric car maker NIO hit all-time intraday highs on Monday after doubling its deliveries in October to a new monthly record.

Sympathy Stocks for : NIO

SHYF, NSANY, NKLA, NIO

This stock was mentioned twice on Oct-27-2020 and Oct-29-2020 at a closing price of 28.44and 31.99.

Company Description for :NIO

(‘NIO’, ‘NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China.’)

What are your thoughts?

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