Unusual Option Activity for Nov-17-2020 BLNK, LB, PDD, TSLA

Daily Synopsis -

    • The S&P 500 -0.54% today while the NASDaq decreased by (-0.38%). The Russell 2000 advanced (+0.47%). The Dow ended in negative territory at (-0.56%)
    • The best performing sector was Energy(+1.03%) while Utilities(-1.96%)was the worst performer.
    • Coincidentally, today’s low in the S&P 500 (-1.1%) came right before the NAHB Housing Market Index for November was released at 10:00 a.m. ET, which showed homebuilding sentiment hit a new all-time high. Similarly, sentiment among fund managers was indicated to be extremely bullish, according to a survey done by Bank of America.
    • The heightened level of bullishness among fund managers perhaps served as a contrarian signal for investors to remain cautious, especially given the market’s recent gains. Prior to today, the S&P 500 was up 10.9% over the last 11 trading sessions.
    • Separately, shares of Tesla (TSLA 441.61, +33.53, +8.2%) rose 8% on news that it’ll join the S&P 500 on Dec. 21. Walgreens Boots Alliance (WBA 39.86, -4.25, -9.6%) and other drug store stocks sold off following the launch of Amazon’s (AMZN 3135.66, +4.60, +0.2%) online pharmacy business.
    • Looking ahead, investors will receive Housing Starts and Building Permits for October and the weekly MBA Mortgage Applications Index on Wednesday.
Index Summary / Sector Summary -

S&P 500 : (-0.54%); NasDaq : (-0.38%);
Russell 2000 :(+0.47%); Dow :(-0.56%);
Vix :22.45 (+1.16%); [-8.43%]; {-23.2%}
Three highest sectors for today were –
Energy: (+1.03%); Real Estate: (+0.05%); Financials: (-0.14%)
Three lowest sectors for today were –
Utilities: (-1.96%); Consumer Staples: (-0.7%); Health Care: (-0.65%)

Anticipated Earnings this Week -

Earnings info Monday –
VERO 2.225 +0.155,(+7.49%)
PANW 293.71 +15.21,(+5.46%)
AZUL 18.48 +0.68,(+3.82%)
VBLT 1.22 +0.04,(+3.39%)
SDC 10.26 +0.3,(+3.01%)
NTWK 2.88 +0.08,(+2.86%)
SOHU 19.13 +0.39,(+2.08%)
JD 86.955 +1.695,(+1.99%)
MGIC 14.37 +0.16,(+1.13%)
SOGO 8.89 0.0,(0.0%)

Earnings info Tuesday –
KSS 29.155 +3.005,(+11.49%)
NIO 46.55 +0.97,(+2.13%)
ARMK 34.74 -0.39,(-1.11%)
WMT 149.37 -3.07,(-2.01%)
HD 272.47 -7.1,(-2.54%)
SE 170.62 -7.6,(-4.26%)
LODE 1.02 -0.13,(-11.3%)

Earnings info Wednesday –
AVYA 19.49 +0.7,(+3.72%)
SR 64.54 +0.78,(+1.22%)
TJX 61.13 +0.04,(+0.07%)
BILI 50.05 0.0,(0.0%)
TGT 163.32 -1.18,(-0.72%)
NVDA 536.61 -4.0,(-0.74%)
LOW 159.84 -2.06,(-1.27%)

Earnings info Thursday –
M 8.8 +0.78,(+9.73%)
CSIQ 39.69 +0.96,(+2.48%)
WDAY 226.88 +1.91,(+0.85%)
INTU 358.88 +1.82,(+0.51%)
BJ 42.12 +0.09,(+0.21%)
NTES 86.83 -0.27,(-0.31%)

Earnings info Friday –
FL 40.02 +0.3,(+0.76%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Coffee,(KC) 119.73 +4.08 (3.41%)
2. Sugar,(SB) 15.47 +0.51 (3.3%)
3. Cocoa,(CC) 2435.0 +70.0 (2.87%)
4. Lumber,(LB) 593.5 +15.2 (2.56%)
5. Orange Juice,(OJ) 125.75 +3.15 (2.5%)

Top 5 Lowest Commodity % Changes –
1. Natural Gas,(NG) 2.697 -0.3 (-11.05%)
2. Lean Hogs,(LH) 63.775 -0.8 (-1.25%)
3. Silver,(SI) 24.567 -0.23 (-0.96%)
4. Rough Rice,(RR) 12.28 -0.09 (-0.73%)
5. Gold,(GC) 1880.5 -7.3 (-0.39%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.12%)
Top 5 Highest SPAC % Changes –
1. HCCH- 13.75 1.34 (+10.8%); 52 week high :14.21
2. SBE- 19.48 1.28 (+7.03%); 52 week high :20.99
3. CIIC- 10.8 0.65 (+6.4%); 52 week high :10.99
4. FEAC- 13.23 0.52 (+4.09%); 52 week high :14.7
5. LCA- 14.34 0.49 (+3.54%); 52 week high :19.28

Top 5 Lowest SPAC % Changes –
1. KCAC- 17.2 -2.47 (-12.56%); 52 week high :25.75
2. ORSN- 8.09 -0.93 (-10.31%); 52 week high :12.07
3. LGC- 10.16 -0.33 (-3.15%); 52 week high :11.36
4. CLA- 9.72 -0.28 (-2.8%); 52 week high :10.0
5. JWS- 11.49 -0.31 (-2.63%); 52 week high :12.11

Top 5 Spacs by Volume –
1. SBE- 19.48 1.28 (+7.03%); Volume :5,614,316; ADV:2,356,096
2. CIIC- 10.8 0.65 (+6.4%); Volume :3,783,299; ADV:143,412
3. JWS- 11.49 -0.31 (-2.63%); Volume :3,372,101; ADV:2,042,191
4. KCAC- 17.2 -2.47 (-12.56%); Volume :3,227,709; ADV:1,286,887
5. FEAC- 13.23 0.52 (+4.09%); Volume :2,347,051; ADV:1,935,002

Top 5 Spacs Trading Above ADV –
1. HEC- 9.72 0.02 (+0.21%); ADV:29,529: Multiple of ADV:68.19
2. CIIC- 10.8 0.65 (+6.4%); ADV:143,412: Multiple of ADV:26.38
3. PSAC- 9.745 0.015 (+0.15%); ADV:55,525: Multiple of ADV:10.19
4. CLA- 9.72 -0.28 (-2.8%); ADV:62,592: Multiple of ADV:9.35
5. LCAP- 9.75 0.0 (0.0%); ADV:108,598: Multiple of ADV:8.57

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. JCI 3 buys totaling 7,818,597 shares. Average Price : 45.0, Cost : $351,836,865
2. HDS 13 buys totaling 5,212,191 shares. Average Price : 55.75, Cost : $290,570,178
3. FB 1 buys totaling 807,085 shares. Average Price : 275.3, Cost : $222,190,500
4. VTRS 36 buys totaling 13,185,858 shares. Average Price : 16.49, Cost : $217,970,800
5. MSFT 3 buys totaling 950,000 shares. Average Price : 215.67, Cost : $204,790,000

Options Fast Facts -

CBOE Put/Call Ratio – 0.43
Highest Multiple Over Daily Average – GDRX with 17x the ADV of 2398. There were 25739 calls and 15885 puts.
Ticker with Most Contracts –TSLA with 1451893 contracts traded today with an AVD of 665384. There were 948987 calls and 502906 puts.
Largest Put / Call Ratio – AER with a 28 P/C ratio. There were 24606puts and 885 calls.
Largest Call / Put Ratio – EWJ with a64 C/P ratio. There were 64289 calls and 1003 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

UPWK 34.51 +1.43,(+4.32%)
LI 35.015 -0.535,(-1.5%)
BA 210.085 +7.685,(+3.8%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:BLNK 14.15,1.96(+16.08%) Earnings: 2021-04-08
Name :Blink Charging Co. Special Considerations :
Industry : Consumer Services Sector : Other Consumer Services
Option Information –
Today’s Option Volume: 88251; OptionOI: 146193
Multiple of ADV: 7; ADV: 13459
Total Calls: 70741; Total Puts: 17510
Calls at Ask: 40.9%; Calls at Bid: 35.4%
Puts at Ask: 34.1%; Puts at Bid: 34.9%
C/P Ratio: 4
Noteable Strikes

NOV 20 ’20 12.5C had 11431 VLM and 14121 OI.
NOV 20 ’20 15.0C had 13270 VLM and 5781 OI.
DEC 18 ’20 12.5C had 3847 VLM and 5829 OI.
DEC 18 ’20 15.0C had 8893 VLM and 3172 OI.

News

No news for today

Potential Sympathy Stocks

GPAR3-BR, GNE, FTS-CT, H-CT

Impression

This stock was also mentioned on Nov-12-2020 at a closing price of 10.43
The Call Ask Percent looks good. The Multiple of ADV is okay. I’d like the C/P ratio to be higher.

Company Description for :BLNK

Blink Charging Co. engages in the operation and provision of electric vehicle, charging equipment, and networked EV charging services. Its product line and services include Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas on October 3, 2006 and is headquartered in Hollywood, FL.

Second Momentum Stock Pick

Ticker:LB 35.435,0.675(+1.94%) Earnings: 2020-11-18
Name :L Brands, Inc. Special Considerations : 52WkHigh
Industry : Retail Trade Sector : Apparel/Footwear Retail
Option Information –
Today’s Option Volume: 51505; OptionOI: 330073
Multiple of ADV: 10; ADV: 5114
Total Calls: 45169; Total Puts: 6336
Calls at Ask: 4.3%; Calls at Bid: 4.0%
Puts at Ask: 20.8%; Puts at Bid: 67.7%
C/P Ratio: 7
Noteable Strikes

NOV 20 ’20 39.0C had 1961 VLM and 9651 OI.
JAN 15 ’21 37.5C had 10961.0 VLM and 898 OI.
JAN 15 ’21 42.5C had 8155.0 VLM and 8094 OI.

News

No news for today

Potential Sympathy Stocks

ASNA, TJX, CHS, ROST

Impression

I wish the Call Ask Percent was a little higher. The Multiple of ADV appears quite bullish. The C/P ratio is decent..

Company Description for :LB

L Brands, Inc. engages in the retail of women’s intimate and other apparel, personal care, beauty, and home fragrance products. It operates through the following segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Victoria’s Secret segment sells women’s intimate and other apparel, personal care, and beauty products under the Victoria’s Secret and PINK brand names. The Bath & Body Works segment offers body care, home fragrance products, soaps, and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow, and other brand names. The Victoria’s Secret and Bath & Body Works International segment includes the Victoria’s Secret and Bath & Body Works stores located outside of the U.S. and Canada, as well as the online business in Greater China. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:PDD 132.17,-9.86(-6.94%) Earnings: 2021-03-17
Name :Pinduoduo, Inc.
Industry : Internet Retail

Option Information –

DEC’18 20 160.0C – 650 @ 3.90 were traded at 10:01:00 as a BLOCK Spot Price: 134.68
DEC’18 20 160.0C – 650 @ 3.15 were traded at 09:52:00 as a BLOCK Spot Price: 132.91

News –

2020-11-17 14:57:09:Pinduoduo Aims To Raise Up To $5.6B To Boost Online Grocery Shopping
Chinese eCommerce platform Pinduoduo plans to raise up to $5.6 billion to invest in its one-day delivery service of farm goods across China, among other projects. The company plans to offer up to 25.3 million American depositary receipts, which would garner roughly $3.6 billion based on Monday’s closing stock price. Pinduoduo also seeks to raise […]
2020-11-17 01:44:00:Alibaba Rival Pinduoduo Says On Track To Double Online Grocery Sales This Year
Shanghai-headquartered e-commerce company Pinduoduo Inc (NASDAQ: PDD ) is anticipating its annual sales for grocery items to double year-over-year in 2020 on the back of increased domestic sales. What Happened : Vice President David Liu, in an interview with CNBC , remarked that Pinduoduo’s interactive online e-commerce platform not only offers the comfort of home-shopping but also gives users a variety of options to choose from. E-commerce has become the new … Full story available on Benzinga.com

Sympathy Stocks for : PDD

QRTEA, PXHI, PTS-CT, PRTS

This stock was mentioned twice on Nov-03-2020 and Nov-11-2020 at a closing price of 97.84and 111.5.

Company Description for :PDD

(‘PDD’, ‘Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:TSLA 441.52,33.43(+8.19%) Earnings: None
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

DEC’04 20 520.0C – 304 @ 6.85 were traded at 09:37:00 as a SWEEP Spot Price: 454.75

News –
2020-11-17 16:21:00:Walgreens, Boston Scientific fall; Tesla, Paramount rise
Stocks that moved heavily or traded substantially Tuesday: Walgreens, Boston Scientific fall; Tesla, Paramount rise
2020-11-17 16:13:47:Tesla Analyst Reacts To S&P 500 Inclusion: A Victory For Bulls
Electric vehicle manufacturer Tesla Motors, Inc. (NASDAQ: TSLA ) will see its stock added to the S&P 500 index, and this represents a victory for Tesla bulls, according to Wedbush Securities. Wedbush On ‘The Final Straw’: Tesla investors were disappointed that the stock was not added to the S&P 500 index in September, analyst Daniel Ives said in a note. Tesla’s earnings report, which signaled a sustained profitability trajectory, was “the final straw” that got the stock included in the index, the analyst said. “Clearly this is a key positive for shares and indexing purposes and ultimately removes another question mark around theTesla story going forward,” he … Full story available on Benzinga.com

Sympathy Stocks for : TSLA

GM, F, TM, HMC

This stock was mentioned twice on Nov-09-2020 and Oct-26-2020 at a closing price of 421.27and 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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