Unusual Option Activity for Nov-04-2020 AMD, LI

Daily Synopsis -

  • The S&P 500 +2.23% today while the NASDaq outperformed by (+4.41%). The Russell 2000 advanced (+0.11%). The Dow ended in positive territory at (+1.41%)
  • The best performing sector was Health Care(+4.44%) while Materials(-1.7%)was the worst performer.
  • Accordingly, the health care (+4.5%), communication services (+4.3%), information technology (+3.8%), and consumer discretionary (+3.1%) sectors did the heavy lifting, while the materials (-1.7%), utilities (-1.6%), financials (-1.3%), and industrials (-1.0%) sectors closed sharply lower.
  • Longer-dated Treasuries rallied alongside the growth-oriented stocks amid the recovery concerns and election uncertainty. The resulting curve-flattening activity was a headwind for the banks due to the possibility of reduced net interest income. The SPDR S&P Bank ETF (KBE 33.08, -1.88, -5.4%) dropped 5.4%.
  • The 2-yr yield declined one basis point to 0.15%, and the 10-yr yield declined 11 basis points to 0.77%. The U.S. Dollar Index declined 0.1% to 93.49. WTI crude futures rose 4.1%, or $1.54, to $39.16/bbl.
  • Separately, shares of Uber (UBER 40.99, +5.22, +14.6%) and Lyft (LYFT 29.19, +2.96, +11.3%) jumped after California voters passed Proposition 22, allowing app-based drivers to be classified as contractors instead of employees. Biogen (BIIB 355.63, +108.62, +44.0%) surged 44% after the FDA published a positive report on the company’s Alzheimer’s drug.
  • Looking ahead, investors will receive the weekly Initial and Continuing Claims report, the FOMC Rate Decision, and preliminary Q3 Productivity and Unit Labor Costs on Thursday.

Index Summary -

S&P 500 : (+2.23%); NasDaq : (+4.41%);
Russell 2000 :(+0.11%); Dow :(+1.41%);
Vix :35.55 (-16.82%); [-26.59%]; {+5.19%}

Sector Summary -

Three highest sectors for today were –
Health Care: (+4.44%); Communication Services: (+4.31%); Information Technology: (+3.89%)
Three lowest sectors for today were –
Materials: (-1.7%); Utilities: (-1.5%); Financials: (-1.17%)

Commodities/Futures -

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

Currency –
USD Index :93.56 (-0.13%); [-0.64%]; {+0.43%}
BC :13845 (+2.6%); [+5.39%]; {+8.89%}

Precious Metals –
Gold :1910.4 (-0.35%); [+1.4%]; {+0.05%}
Silver :24.334 (-1.43%); [+1.56%]; {-1.6%}

Farming –
Soybeans :1064.25 (+1.97%); [+2.72%]; {-0.23%}
Corn :401 (+0.94%); [+1.57%]; {-3.11%}
Coffee :106.05 (0.0%); [+1.58%]; {-0.56%}

Industrials –
Crude :37.66 (+3.69%); [+9.11%]; {+1.27%}
Nat Gas :3.059 (+0.1%); [-8.71%]; {+1.26%}
Copper :3.0925 (+0.52%); [+2.14%]; {+0.65%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.02%)
Top 5 Highest SPAC % Changes –
1. IPOB- 18.2 1.53 (+9.18%); 52 week high :27.0
2. SMMC- 11.99 0.79 (+7.05%); 52 week high :12.15
3. LCA- 12.73 0.42 (+3.41%); 52 week high :19.28
4. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
5. FEAC- 11.63 0.23 (+2.02%); 52 week high :14.7
Top 5 Lowest SPAC % Changes –
1. KBLM- 6.49 -1.35 (-17.22%); 52 week high :11.5
2. SBE- 14.2 -0.7 (-4.7%); 52 week high :17.6
3. MNCL- 9.55 -0.21 (-2.15%); 52 week high :10.88
4. CFFA- 10.355 -0.185 (-1.75%); 52 week high :12.1
5. HCCH- 10.97 -0.18 (-1.61%); 52 week high :13.4
Top 5 Spacs by Volume –

1. IPOB- 18.2 1.53 (+9.18%); Volume :3,298,574; ADV:3,252,522
2. SBE- 14.2 -0.7 (-4.7%); Volume :2,716,414; ADV:3,400,103
3. NFIN- 10.25 0.08 (+0.79%); Volume :1,344,624; ADV:871,292
4. BMRG- 10.09 0.0 (0.0%); Volume :1,266,779; ADV:343,635
5. FVAC- 11.53 0.07 (+0.61%); Volume :1,088,868; ADV:959,893
Top 5 Spacs Trading Above ADV –

1. LIVK- 9.86 0.0 (0.0%); ADV:12,043: Multiple of ADV:17.74
2. KBLM- 6.49 -1.35 (-17.22%); ADV:14,670: Multiple of ADV:6.19
3. ANDA- 10.05 0.0 (0.0%); ADV:16,824: Multiple of ADV:5.34
4. HEC- 9.72 0.0 (0.0%); ADV:24,065: Multiple of ADV:5.02
5. LCAP- 9.68 0.0 (0.0%); ADV:44,440: Multiple of ADV:4.51

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. ASML 2 buys totaling 873,000 shares. Average Price : 378.31, Cost : $330,264,630
2. FB 1 buys totaling 705,000 shares. Average Price : 289.04, Cost : $203,776,725
3.MS 5 buys totaling 3,308,488 shares. Average Price : 51.56, Cost : $170,421,247
4.CVX 3 buys totaling 2,100,000 shares. Average Price : 72.34, Cost : $151,924,500
5. UBER 11 buys totaling 3,318,758 shares. Average Price : 40.47, Cost : $134,267,810

Options Fast Facts -

CBOE Put/Call Ratio – 0.45
Highest Multiple Over Daily Average – WMGI with 20x the ADV of 1482. There were 6269 calls and 23937 puts.
Ticker with Most Contracts –NIO with 1552674 contracts traded today with an AVD of 637042. There were 1107416 calls and 445258 puts.
Largest Put / Call Ratio – BKLN with a 1243 P/C ratio. There were 22369puts and 18 calls.
Largest Call / Put Ratio – RBA with a12942 C/P ratio. There were 12942 calls and 1 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

PDD 110.23 +12.51,(+12.8%)
KRA 26.11 -2.33,(-8.19%)

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:AMD 81.28,4.7(+6.14%) Earnings: 2021-02-02

Name :Advanced Micro Devices, Inc.

Industry : Semiconductors

Option Information –

NOV’20 20 87.0C – 2,600 @ 1.22 were traded at 10:07:00 as a BLOCK Spot Price: 80.73

News –

2020-11-04 14:43:02:BTCUSD Long 18 000 – The Bitcoin Street Journal

BTCUSD Long 18 000 Cryptocurrencies Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin Currencies EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF Stocks Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc Indices S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index Futures Gold, Silver, Crude Oil, NaturalRead More

2020-11-04 12:50:03:Report: in Q3, AMD reached its highest overall x86 CPU market share since 2007 at 22.4%, up 6.3% YoY, as it readies its Ryzen 5000 processors (Paul Alcorn/Tom’s Hardware)

Paul Alcorn / Tom’s Hardware : Report: in Q3, AMD reached its highest overall x86 CPU market share since 2007 at 22.4%, up 6.3% YoY, as it readies its Ryzen 5000 processors — And Ryzen 5000 hasn’t even landed yet. — AMD shared the recent Mercury Research CPU market share results, giving us some insight into its gains in the third quarter of 2020.

Sympathy Stocks for : AMD

INTC, NVDA, TXN, MCHP

This stock was mentioned twice on Oct-20-2020 and Oct-23-2020 at a closing price of 81.625and 81.95.

Company Description for :AMD

(‘AMD’, ‘Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.’)

Second Classic Unusual Options Activity Pick -

Ticker:LI 25.32,1.27(+5.28%) Earnings: None

Name :Li Auto, Inc.

Industry : Auto Parts: OEM

Option Information –

NOV’20 20 30.0C – 1,600 @ 1.10 were traded at 14:40:00 as a BLOCK Spot Price: 24.86

News –
No news for today

Sympathy Stocks for : LI

SHYF, NSANY, NKLA, NIO

Company Description for :LI

(‘LI’, ‘Li Auto, Inc. designs, develops, manufactures and sells premium smart electric SUVs energy vehicle. It provides safe, convenient, and cost-effective mobility solutions to families. The firm model includes Li ONE & EREV. Its passenger vehicle market categorized into sedan, SUV, and MPV segments. The company was founded by Xiang Li , Yanan Shen, Tie Li , Donghui Ma in April 2015 and is headquartered in Beijing, China.’)

What are your thoughts?

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