Unusual Option Activity for Nov-10-2020 RVLV, BABA, RCL

Daily Synopsis -

    • The S&P 500 -0.15% today while the NASDaq decreased by (-1.74%). The Russell 2000 rose by (+1.86%). The Dow ended in positive territory at (+0.96%)
    • The best performing sector was Energy(+3.24%) while Information Technology(-1.86%)was the worst performer.
    • Conversely, many of the mega-cap stocks relinquished their leadership roles for the second straight day. Aside from the Nasdaq, these losses were manifested in the lagging positions of the information technology (-1.9%), consumer discretionary (-1.1%), and communication services (-0.3%) sectors.
    • Eli Lilly (LLY 146.56, +4.23, +3.0%) provided investors another reason to feel better about the coronavirus after it received emergency use authorization for its antibody treatment. Separately, Boeing (BA 188.69, +9.33, +5.2%) was one of the larger value stocks that outperformed amid news that it could receive FAA approval for the 737 MAX by Nov. 18.
    • On the earnings front, D.R. Horton (DHI 70.88, +5.92, +9.1%) exceeded quarterly expectations and issued upbeat FY21 revenue guidance. Beyond Meat (BYND 125.01, -25.49, -16.9%) provided disappointing Q3 earnings results, sending shares down 17%.
    • U.S. Treasuries finished near their flat lines in a quiet session, leaving longer-dated yields at recent highs. The 2-yr yield was flat at 0.18%, and the 10-yr yield was flat at 0.96%. The U.S. Dollar Index increased 0.1% to 92.81. WTI crude futures rose 2.6%, or $1.06, to $41.37/bbl.
Index Summary / Sector Summary -

S&P 500 : (-0.15%); NasDaq : (-1.74%);
Russell 2000 :(+1.86%); Dow :(+0.96%);
Vix :25.75 (-3.69%); [-30.24%]; {-38.43%}
Three highest sectors for today were –
Energy: (+3.24%); Consumer Staples: (+1.97%); Industrials: (+1.76%)
Three lowest sectors for today were –
Information Technology: (-1.86%); Consumer Discretionary: (-0.36%); Communication Services: (-0.32%)

Anticipated Earnings this Week -

Earnings info Monday –
RNG 277.01 +10.0(+3.74%)
OXY 12.38 +0.15(+1.23%)
WKHS 19.0 +0.04(+0.21%)
SPG 78.84 -0.26(-0.33%)
PLUG 19.98 -0.33(-1.62%)
NKLA 17.98 -0.65(-3.49%)
NCLH 20.12 -1.39(-6.46%)
NVAX 78.735 -11.575(-12.82%)
BYND 125.02 -25.48(-16.93%)
TLRY 8.31 -1.79(-17.72%)

Earnings info Tuesday –
DHI 70.88 +5.93(+9.13%)
RKT 21.6 +0.15(+0.7%)
AAP 155.42 -1.21(-0.77%)
DDOG 92.49 -2.4(-2.53%)
LYFT 36.09 -1.6(-4.25%)
PRPL 25.35 -1.93(-7.07%)
CYBR 95.67 -9.87(-9.35%)
JMIA 12.91 -3.09(-19.31%)

Earnings info Wednesday –
LMND 65.92 +0.3(+0.46%)
DOYU 13.6 -0.68(-4.76%)
HUYA 19.91 -1.11(-5.28%)
GRWG 19.435 -2.095(-9.73%)

Earnings info Thursday –
CSCO 38.73 +0.53(+1.39%)
DIS 142.11 -0.48(-0.34%)
AMAT 69.31 -1.99(-2.79%)
WIX 244.04 -9.96(-3.92%)

Earnings info Friday –
DKNG 40.34 -1.16(-2.79%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Brent Crude,(LCO) 42.4 +2.95 (6.96%)
2. Lumber,(LB) 556.8 +32.0 (5.75%)
3. Feeder Cattle,(FC) 140.725 +4.8 (3.41%)
4. Crude Oil,(CL) 41.39 +1.1 (2.66%)
5. Silver,(SI) 24.247 +0.55 (2.25%)

Top 5 Lowest Commodity % Changes –
1. Natural Gas,(NG) 2.859 -0.03 (-1.01%)
2. Feeder Cattle,(GF) 140.475 -1.15 (-0.82%)
3. Wheat,(W) 597.5 -4.5 (-0.75%)
4. Rough Rice,(RR) 12.39 -0.02 (-0.2%)
5. Sugar,(SB) 14.88 -0.03 (-0.2%)

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. NFIN- 11.4 0.9 (+8.57%); 52 week high :12.91
2. FVAC- 12.4 0.94 (+8.2%); 52 week high :16.41
3. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
4. MNCL- 10.29 0.21 (+2.08%); 52 week high :10.88
5. ARYA- 10.38 0.08 (+0.78%); 52 week high :11.84

Top 5 Lowest SPAC % Changes –
1. KBLM- 4.99 -1.06 (-17.52%); 52 week high :11.5
2. IPOB- 18.08 -0.9 (-4.74%); 52 week high :27.0
3. LOAK- 10.87 -0.18 (-1.63%); 52 week high :11.94
4. WPF- 10.0 -0.15 (-1.48%); 52 week high :10.75
5. LACQ- 10.35 -0.15 (-1.43%); 52 week high :13.67

Top 5 Spacs by Volume –
1. BMRG- 10.21 0.05 (+0.49%); Volume :3,444,662; ADV:634,512
2. IPOB- 18.08 -0.9 (-4.74%); Volume :2,335,116; ADV:3,222,996
3. SBE- 16.96 0.08 (+0.47%); Volume :2,216,421; ADV:2,556,797
4. IPOC- 9.98 -0.05 (-0.5%); Volume :2,130,943; ADV:3,601,319
5. FEAC- 12.06 -0.04 (-0.33%); Volume :1,510,203; ADV:2,201,088

Top 5 Spacs Trading Above ADV –
1. LACQ- 10.35 -0.15 (-1.43%); ADV:642: Multiple of ADV:36.46
2. AONE- 10.2 0.05 (+0.49%); ADV:13,029: Multiple of ADV:23.17
3. CHAQ- 9.78 -0.02 (-0.2%); ADV:5,426: Multiple of ADV:18.82
4. TOTA- 10.95 0.0 (0.0%); ADV:2,535: Multiple of ADV:15.89
5. CFII- 9.7 0.0 (0.0%); ADV:35,974: Multiple of ADV:9.8

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. Z 5 buys totaling 2,956,600 shares. Average Price : 99.92, Cost : $295,703,105
2. XLC 3 buys totaling 2,972,717 shares. Average Price : 62.55, Cost : $185,602,877
3. DHR 3 buys totaling 450,000 shares. Average Price : 225.83, Cost : $101,625,000
4. TMO 1 buys totaling 208,472 shares. Average Price : 465.0, Cost : $96,939,480
5. SNAP 9 buys totaling 2,453,700 shares. Average Price : 38.46, Cost : $94,272,005

Options Fast Facts -

CBOE Put/Call Ratio – 0.37
Highest Multiple Over Daily Average – REV with 26x the ADV of 1491. There were 17864 calls and 21083 puts.
Ticker with Most Contracts –HYG with 637964 contracts traded today with an AVD of 291029. There were 54231 calls and 583733 puts.
Largest Put / Call Ratio – TRGP with a 68 P/C ratio. There were 24715puts and 365 calls.
Largest Call / Put Ratio – PS with a67 C/P ratio. There were 12578 calls and 189 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

JBLU 14.945 -0.085,(-0.57%)
BA 188.69 +9.33,(+5.2%)
TSLA 410.56 -10.7,(-2.54%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:RVLV 21.84,0.34(+1.58%) Earnings: 2020-11-11
Name :Revolve Group, Inc. Special Considerations :
Industry : Retail Trade Sector : Internet Retail
Option Information –
Today’s Option Volume: 21411; OptionOI: 42768
Multiple of ADV: 6; ADV: 3306
Total Calls: 20324; Total Puts: 1087
Calls at Ask: 50.0%; Calls at Bid: 32.4%
Puts at Ask: 40.1%; Puts at Bid: 13.2%
C/P Ratio: 19
Noteable Strikes

NOV 20 ’20 25.0C had 10595 VLM and 562 OI.

News

No news for today

Potential Sympathy Stocks

TLRD, RVLV, TRICOT-CL, VADP

Impression

The Call Ask Percent is high. The Multiple of ADV is okay. The Call/Put Ratio appears bullish.

Company Description for :RVLV

Revolve Group, Inc. engages in the retail of next-generation fashion for millenial consumers. It operates through the following segments: Revolve and Forward. The Revolve segment offers assortment of apparel and footwear, accessories and beauty products from emerging, established and owned brands. The Forward segment provides luxury products. The company was founded by Michael Mente and Mike Karanikolas in 2003 and is headquartered in Cerritos, CA.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:BABA 266.54,-23.99(-8.26%) Earnings: 2021-02-04
Name :Alibaba Group Holding Ltd.
Industry : Internet Retail

Option Information –

NOV’20 20 287.5C – 1,306 @ 3.56 were traded at 09:47:00 as a SWEEP Spot Price: 265.55

News –

2020-11-10 17:02:32:4 Top Stock Trades for Wednesday: BA, NLS, BABA, LYFT
Boeing, Alibaba, Lyft and Nautilus were our top stock trades for Wednesday. That said, let’s look at the charts to see what’s going on now.
2020-11-10 15:52:57:Alibaba’s Singles’ Day Will Double As Economic Barometer
China’s 1.4 billion people will mark Singles’ Day – the country’s exponentially larger answer to America’s Black Friday or Prime Day events – on Wednesday (Nov. 11), with analysts expecting companies to ring up billions of dollars in online sales. “If I had to offer a projection, I’d say [this year’s Singles’ Day will generate] […]

Sympathy Stocks for : BABA

AMZN, OSTK, EBAY, SOHU

This stock was also mentioned on Oct-13-2020 at a closing price of 308.78

Company Description for :BABA

(‘BABA’, ‘Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:RCL 73.73,-1.7(-2.25%) Earnings: None
Name :Royal Caribbean Group
Industry : Hotels/Resorts/Cruiselines

Option Information –

NOV’20 20 85.0C – 3,592 @ 1.00 were traded at 15:07:00 as a BLOCK Spot Price: 73.59

News –
No news for today

Sympathy Stocks for : RCL

CCL, CUK, NCLH, MAR

Company Description for :RCL

(‘RCL’, ‘Royal Caribbean Cruises Group operates as a global cruise vacation company. It operates global cruise brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. The firm also holds interest in TUI Cruises, Pullmantur and SkySea Cruises brands. The company was founded in 1968 and is headquartered in Miami, FL.’)

What are your thoughts?

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