Unusual Option Activity for Nov-09-2020 JBLU, BA, TSLA

Daily Synopsis -

    • The S&P 500 increased +1.25% today while the NASDaq weakened by (-2.13%). The Russell 2000 outperformed by (+3.57%). The Dow ended in positive territory at (+2.92%)
    • The best performing sector was Energy(+14.29%) while Communication Services(-0.88%)was the worst performer.
    • The energy (+14.2%) and financials (+8.2%) sectors finished comfortably atop the leaderboard, aided by noticeably higher oil prices ($40.31, +3.17, +8.5%) and curve-steepening activity caused by selling in longer-dated Treasuries. The consumer discretionary (-1.6%), information technology (-0.7%), consumer staples (-0.5%), and communication services (-0.3%) sectors closed lower.
    • The 2-yr yield increased two basis points to 0.18%, while the 10-yr yield increased 11 basis points to 0.96%. The U.S. Dollar Index advanced 0.6% to 92.82.
    • In other important news, Joe Biden was projected the winner of the U.S. presidential election, although President Trump did not concede and said he would file legal challenges. Note, media reports indicated that Mr. Trump would unlikely succeed in overturning the election results.
    • It’s worth mentioning that at one point today, the S&P 500 was up as much as 11.5% over the prior six sessions. Presumably, that left it primed for profit taking amid an understanding that the market still has to get through the new wave of coronavirus and uncertainty surrounding another stimulus package.
    • Investors did not receive any economic data on Monday. Looking ahead, investors will receive the JOLTS – Job Openings report on Tuesday.
Index Summary / Sector Summary -

S&P 500 : (+1.25%); NasDaq : (-2.13%);
Russell 2000 :(+3.57%); Dow :(+2.92%);
Vix :24.86 (+3.26%); [-30.86%]; {-23.03%}
Three highest sectors for today were –
Energy: (+14.29%); Financials: (+8.15%); Industrials: (+3.37%)
Three lowest sectors for today were –
Communication Services: (-0.88%); Information Technology: (-0.75%); Consumer Discretionary: (-0.45%)

Anticipated Earnings this Week -

Earnings info Monday –
SPG 79.39 +17.53(+28.34%)
NCLH 21.53 +4.56(+26.87%)
OXY 12.225 +2.215(+22.13%)
WKHS 18.95 +1.66(+9.6%)
PLUG 20.32 +1.46(+7.74%)
TLRY 10.07 +0.44(+4.57%)
NVAX 90.3 +0.44(+0.49%)
BYND 150.52 -6.34(-4.04%)
NKLA 18.725 -0.855(-4.37%)
RNG 267.12 -27.22(-9.25%)

Earnings info Tuesday –
LYFT 37.705 +7.865(+26.36%)
RKT 21.48 +0.17(+0.8%)
AAP 156.71 +0.33(+0.21%)
CYBR 105.27 -2.36(-2.19%)
DDOG 94.9 -5.45(-5.43%)
DHI 64.98 -5.63(-7.97%)
PRPL 27.345 -3.695(-11.9%)
JMIA 16.005 -2.945(-15.54%)

Earnings info Wednesday –
LMND 65.42 +4.05(+6.6%)
DOYU 14.26 -0.65(-4.36%)
HUYA 21.01 -0.99(-4.5%)
GRWG 21.55 -1.43(-6.22%)

Earnings info Thursday –
DIS 142.56 +15.1(+11.85%)
CSCO 38.19 +0.66(+1.76%)
AMAT 71.36 +0.83(+1.18%)
WIX 254.005 -32.285(-11.28%)

Earnings info Friday –
DKNG 41.5 -0.82(-1.94%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Crude Oil(CL) 40.02 +2.88 (7.2%)
2. Palladium(PA) 2500.0 +116.4 (4.66%)
3. Sugar(SB) 14.91 +0.43 (2.88%)
4. Nickel(NICKEL) 15790.0 +450.0 (2.85%)
5. None(GF) 140.925 +3.23 (2.29%)

Top 5 Lowest Commodity % Changes –
1. Silver(SI) 24.195 -1.86 (-7.69%)
2. Lumber(LB) 524.8 -30.9 (-5.89%)
3. Gold(GC) 1866.1 -85.6 (-4.59%)
4. Platinum(PL) 869.8 -36.2 (-4.16%)
5. Lean Hogs(LH) 64.9 -2.52 (-3.89%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.14%)
Top 5 Highest SPAC % Changes –
1. SBE- 16.9 0.79 (+4.9%); 52 week high :18.0
2. HCCH- 11.87 0.43 (+3.76%); 52 week high :13.4
3. LSAC- 16.0 0.37 (+2.37%); 52 week high :16.671
4. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
5. NFIN- 10.49 0.21 (+2.04%); 52 week high :12.91

Top 5 Lowest SPAC % Changes –
1. KBLM- 4.99 -1.06 (-17.52%); 52 week high :11.5
2. IPOB- 18.95 -1.28 (-6.33%); 52 week high :27.0
3. LOAK- 11.115 -0.305 (-2.67%); 52 week high :11.94
4. FVAC- 11.53 -0.26 (-2.21%); 52 week high :16.41
5. PTAC- 10.115 -0.185 (-1.8%); 52 week high :11.77

Top 5 Spacs by Volume –
1. SBE- 16.9 0.79 (+4.9%); Volume :3,074,588; ADV:2,769,391
2. BMRG- 10.14 -0.11 (-1.07%); Volume :2,473,687; ADV:556,443
3. IPOB- 18.95 -1.28 (-6.33%); Volume :2,223,910; ADV:3,212,954
4. HCAC- 10.29 0.02 (+0.19%); Volume :1,721,868; ADV:563,430
5. FEAC- 12.11 -0.09 (-0.74%); Volume :1,436,426; ADV:2,168,648

Top 5 Spacs Trading Above ADV –
1. DFNS- 9.95 0.03 (+0.3%); ADV:50,283: Multiple of ADV:9.68
2. BMRG- 10.14 -0.11 (-1.07%); ADV:556,443: Multiple of ADV:4.45
3. ORSN- 10.22 0.0 (0.0%); ADV:62,218: Multiple of ADV:3.99
4. ACEV- 9.775 0.065 (+0.67%); ADV:58,550: Multiple of ADV:3.9
5. LIVK- 9.85 0.0 (0.0%); ADV:19,094: Multiple of ADV:3.38

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. MSFT 1 buys totaling 1,011,050 shares. Average Price : 225.5, Cost : $227,991,775
2. PFE 6 buys totaling 2,863,000 shares. Average Price : 39.72, Cost : $113,567,315
3. BILI 4 buys totaling 2,111,300 shares. Average Price : 46.9, Cost : $98,973,325
4. GE 17 buys totaling 10,201,006 shares. Average Price : 8.86, Cost : $90,371,075
5. SQ 1 buys totaling 385,000 shares. Average Price : 193.5, Cost : $74,497,500

Options Fast Facts -

CBOE Put/Call Ratio – 0.41
Highest Multiple Over Daily Average – IMAX with 30x the ADV of 1061. There were 31152 calls and 582 puts.
Ticker with Most Contracts –BAC with 982975 contracts traded today with an AVD of 291071. There were 691528 calls and 291447 puts.
Largest Put / Call Ratio – FEZ with a 24 P/C ratio. There were 53014puts and 2245 calls.
Largest Call / Put Ratio – WBT with a228 C/P ratio. There were 16436 calls and 72 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CGC 24.565 +1.065,(+4.53%)
GLUU 7.925 -0.865,(-9.84%)
NET 64.63 +0.16,(+0.25%)
PLTR 14.66 +0.83,(+6.0%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:JBLU 15.015,2.665(+21.58%) Earnings: 2021-01-28
Name :JetBlue Airways Corp. Special Considerations :
Industry : Transportation Sector : Airlines
Option Information –
Today’s Option Volume: 66731; OptionOI: 163196
Multiple of ADV: 7; ADV: 10089
Total Calls: 57694; Total Puts: 9037
Calls at Ask: 44.8%; Calls at Bid: 23.8%
Puts at Ask: 33.1%; Puts at Bid: 45.1%
C/P Ratio: 6
Noteable Strikes

NOV 20 ’20 15.0C had 4666 VLM and 0 OI.
NOV 20 ’20 16.0C had 15622 VLM and 0 OI.
DEC 18 ’20 13.0C had 4567 VLM and 0 OI.
DEC 18 ’20 15.0C had 2640 VLM and 0 OI.

News

No news for today

Potential Sympathy Stocks

ALGT, DAL, LUV, UAL

Impression

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

Company Description for :JBLU

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August, 1998 and is headquartered in Long Island City, NY.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:BA 179.37,21.63(+13.71%) Earnings: 2021-02-03
Name :The Boeing Co.
Industry : Aerospace & Defense

Option Information –

NOV’13 20 190.0C – 996 @ 1.92 were traded at 10:15:00 as a SWEEP Spot Price: 176.66

News –

2020-11-09 15:08:19:EU imposes tariffs on $4B of US goods over Boeing
The European Union on Monday announced that it was putting in place tariffs on $4 billion of American products based on a trade dispute on aerospace company Boeing.”Regrettably, due to lack of progress with the U.S., we had no other choice but to…
2020-11-09 14:52:00:NASA chief Jim Bridenstine says it’s in the ‘best interest of NASA’ for him to resign rather than work for the Biden administration
Summary List Placement NASA Administrator Jim Bridenstine said he would not stay on as head of the agency under a Biden administration, even if asked by the president-elect. Bridenstine, a Republican, represented Oklahoma’s 1st Congressional District before President Donald Trump appointed him to NASA’s top position. But he stressed that his plan to step down is not based on party affiliation. Rather, Bridenstine said, he would do so to ensure that the next leader of the agency could be someone with a longer-term relationship to Biden. “The right question here is, ‘What’s in the best interest of NASA as an agency, and what’s in the best interest of America’s exploration program?'” Bridenstine told Aviation Week. “For that, what you need is somebody who has a close relationship with the president of the United States. You need somebody who is trusted by the administration. “I think that I would not be the right person for that in a new administration,” he added. Since Trump tapped Bridenstine to lead NASA in April 2018, the agency announced its Artemis program, which now aims to send the first man and next woman to the moon by 2024.

Sympathy Stocks for : BA

LMT, NOC, ERJ, GD

Company Description for :BA

(‘BA’, ‘The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.’)

Second Classic Unusual Options Activity Pick -

Ticker:TSLA 421.27,-8.68(-2.02%) Earnings: 2021-02-02
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

NOV’20 20 500.0C – 649 @ 4.90 were traded at 09:56:00 as a SWEEP Spot Price: 449.92

News –
2020-11-09 16:16:28:Neural’s market outlook for artificial intelligence in 2021 and beyond
The year is coming to a close and it’s safe to say Elon Musk’s prediction that his company would field one million “robotaxis” by the end of 2020 isn’t going to come true. In fact, so far, Tesla’s managed to produce exactly zero self-driving vehicles. And we can probably call off the singularity too. GPT-3 has been impressive, but the closer machines get to aping human language the easier it is to see just how far away from us they really are. So where does that leave us, ultimately, when it comes to the future of AI? That depends on… This story continues at The Next Web
2020-11-09 16:08:52:Tesla Owners Share Supercharging Experiences As Tesla Announces Its 20K Supercharger Milestone
Tesla just announced on Twitter that it has reached a milestone: “20,000 Superchargers and counting.”

Sympathy Stocks for : TSLA

GM, F, TM, HMC

This stock was also mentioned on Oct-26-2020 at a closing price of 420.4

Company Description for :TSLA

(‘TSLA’, ‘Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.’)

What are your thoughts?

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