Unusual Option Activity for Nov-18-2020 SDC, JAZZ, TSLA

Daily Synopsis -

    • The S&P 500 -1.2% today while the NASDaq decreased by (-0.76%). The Russell 2000 closed lower by (-1.4%). The Dow ended in negative territory at (-1.19%)
    • All sectors ended in negative territory today. The best performing sector was Industrials(-0.45%) while Energy(-2.91%)was the worst performer.
    • All 11 S&P 500 sectors finished in negative territory, led lower by the energy (-2.9%), utilities (-1.9%), health care (-1.8%), and real estate (-1.7%) sectors with losses over 1.5%. The industrials sector (-0.5%) was the relative outperformer today.
    • The industrials sector and other cyclical groups appeared to draw early support from Pfizer (PFE 36.31, +0.27, +0.8%) and BioNTech (BNTX 90.44, +3.51, +4.0%) indicating that their COVID-19 vaccine is 95% effective after concluding their Phase 3 study. The companies will soon file an FDA application for emergency use authorization.
    • Separately, October housing starts increased a faster-than-expected seasonally adjusted annual rate of 1.53 million units (consensus 1.445 mln), Target (TGT 166.85, +3.81, +2.3%) reported strong quarterly results, and Tesla (TSLA 486.64, +45.03, +10.2%) was upgraded to Overweight from Equal-Weight at Morgan Stanley.
    • Tesla and Target reacted positively to their related news, but investors took profits in Boeing (BA 203.30, -6.75, -3.2%) and Lowe’s (LOW 146.72, -13.14, -8.2%) despite some good news. The FAA approved the 737 MAX safe to fly again, and Lowe’s beat top and bottom-line estimates but its Q4 EPS guidance may have disappointed.
    • Looking ahead, investors will receive the weekly Initial and Continuing Claims report, Existing Home Sales for October, the Philadelphia Fed Index for November, and the Conference Board’s Leading Economic Index for October on Thursday.
Index Summary / Sector Summary -

S&P 500 : (-1.2%); NasDaq : (-0.76%);
Russell 2000 :(-1.4%); Dow :(-1.19%);
Vix :22.71 (+4.98%); [+1.66%]; {-13.56%}
Three highest sectors for today were –
Industrials: (-0.45%); Consumer Discretionary: (-0.69%); Materials: (-0.83%)
Three lowest sectors for today were –
Energy: (-2.91%); Utilities: (-1.96%); Health Care: (-1.86%)

Anticipated Earnings this Week -

Earnings info Monday –
SDC 11.27 +1.02,(+9.95%)
NTWK 3.05 +0.19,(+6.64%)
AZUL 19.37 +0.89,(+4.82%)
MGIC 14.75 +0.46,(+3.22%)
BOXL 1.47 +0.03,(+2.08%)
SOHU 19.405 +0.245,(+1.28%)
VERO 2.22 +0.02,(+0.91%)
ACM 50.26 +0.36,(+0.72%)
SOGO 8.86 -0.03,(-0.34%)
TSN 63.45 -0.33,(-0.52%)

Earnings info Tuesday –
WMT 149.09 -0.28,(-0.19%)
HD 269.83 -2.64,(-0.97%)
KSS 28.68 -0.5,(-1.71%)
ARMK 33.97 -0.77,(-2.22%)
LODE 0.995 -0.025,(-2.45%)
SE 165.16 -5.46,(-3.2%)
NIO 45.06 -1.53,(-3.28%)

Earnings info Wednesday –
TGT 166.85 +3.81,(+2.34%)
TJX 62.28 +1.14,(+1.86%)
NVDA 537.34 +0.45,(+0.08%)
SR 63.38 -1.16,(-1.8%)
BILI 47.77 -2.28,(-4.55%)
AVYA 18.06 -1.43,(-7.34%)
LOW 146.74 -13.12,(-8.21%)

Earnings info Thursday –
M 8.99 +0.19,(+2.16%)
BJ 43.0 +0.88,(+2.09%)
INTU 355.13 -3.62,(-1.01%)
WDAY 223.575 -3.205,(-1.41%)
NTES 85.455 -1.395,(-1.61%)
CSIQ 38.71 -0.98,(-2.47%)

Earnings info Friday –
FL 39.94 -0.08,(-0.2%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Coffee,(KC) 122.33 +6.13 (5.01%)
2. Cocoa,(CC) 2517.0 +82.0 (3.26%)
3. Lean Hogs,(LH) 65.625 +1.85 (2.82%)
4. Lumber,(LB) 610.6 +17.1 (2.8%)
5. Zinc,(MZN) 2738.0 +39.25 (1.43%)

Top 5 Lowest Commodity % Changes –
1. Silver,(SI) 24.348 -0.3 (-1.24%)
2. Sugar,(SB) 15.31 -0.16 (-1.05%)
3. Nickel,(NICKEL) 15752.5 -150.0 (-0.95%)
4. Gold,(GC) 1869.2 -15.9 (-0.85%)
5. Palladium,(PA) 2326.5 -18.6 (-0.8%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.57%)
Top 5 Highest SPAC % Changes –
1. CIIC- 13.38 2.63 (+24.46%); 52 week high :13.7
2. HCCH- 15.75 1.95 (+14.13%); 52 week high :16.4
3. DMYT- 12.64 1.04 (+8.97%); 52 week high :14.38
4. KCAC- 18.11 0.91 (+5.29%); 52 week high :25.75
5. LCA- 14.95 0.56 (+3.89%); 52 week high :19.28

Top 5 Lowest SPAC % Changes –
1. JWS- 11.33 -0.16 (-1.39%); 52 week high :12.11
2. TZAC- 10.79 -0.11 (-1.01%); 52 week high :13.0
3. ROCH- 10.36 -0.09 (-0.86%); 52 week high :10.7
4. TRNE- 10.37 -0.09 (-0.86%); 52 week high :12.99
5. ACND- 9.77 -0.08 (-0.81%); 52 week high :10.4

Top 5 Spacs by Volume –
1. CIIC- 13.38 2.63 (+24.46%); Volume :15,269,552; ADV:271,577
2. SBE- 19.68 0.2 (+1.03%); Volume :5,799,252; ADV:2,374,026
3. FEAC- 13.7 0.47 (+3.55%); Volume :5,124,840; ADV:1,900,507
4. PIC- 10.47 -0.03 (-0.29%); Volume :4,003,393; ADV:1,057,677
5. JWS- 11.33 -0.16 (-1.39%); Volume :3,618,210; ADV:2,093,907

Top 5 Spacs Trading Above ADV –
1. CIIC- 13.38 2.63 (+24.46%); ADV:271,577: Multiple of ADV:56.23
2. SAMA- 10.19 -0.03 (-0.29%); ADV:27,642: Multiple of ADV:35.04
3. LGC- 10.16 0.0 (0.0%); ADV:26,106: Multiple of ADV:19.69
4. MFAC- 10.39 0.03 (+0.29%); ADV:13,567: Multiple of ADV:14.27
5. HCCH- 15.75 1.95 (+14.13%); ADV:63,447: Multiple of ADV:7.88

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. AAPL 5 buys totaling 2,750,000 shares. Average Price : 118.58, Cost : $326,091,250
2. MSFT 1 buys totaling 1,280,496 shares. Average Price : 212.5, Cost : $272,105,400
3. PYPL 3 buys totaling 1,258,560 shares. Average Price : 191.63, Cost : $241,462,580
4. VEEV 1 buys totaling 563,148 shares. Average Price : 264.0, Cost : $148,671,072
5. RDS/B 6 buys totaling 4,029,879 shares. Average Price : 32.09, Cost : $129,301,665

Options Fast Facts -

CBOE Put/Call Ratio – 0.49
Highest Multiple Over Daily Average – FTAI with 51x the ADV of 1084. There were 35442 calls and 19784 puts.
Ticker with Most Contracts –TSLA with 2259726 contracts traded today with an AVD of 688779. There were 1568764 calls and 690962 puts.
Largest Put / Call Ratio – BKLN with a 1025 P/C ratio. There were 40989puts and 40 calls.
Largest Call / Put Ratio – ZGNX with a263 C/P ratio. There were 25998 calls and 99 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

BLNK 14.795 +0.645,(+4.56%)
LB 33.68 -1.77,(-4.99%)
PDD 132.38 +0.01,(+0.01%)
TSLA 486.18 +44.57,(+10.09%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:SDC 11.27,1.02(+9.95%) Earnings: 2021-03-02
Name :SmileDirectClub, Inc. Special Considerations :
Industry : Health Services Sector : Medical/Nursing Services
Option Information –
Today’s Option Volume: 103579; OptionOI: 229263
Multiple of ADV: 4; ADV: 24489
Total Calls: 88144; Total Puts: 15435
Calls at Ask: 50.7%; Calls at Bid: 28.1%
Puts at Ask: 8.5%; Puts at Bid: 9.9%
C/P Ratio: 6
Noteable Strikes

NOV 20 ’20 10.0C had 11172 VLM and 13633 OI.
NOV 20 ’20 10.5C had 2713.0 VLM and 3643 OI.
NOV 27 ’20 11.0C had 2258.0 VLM and 1914 OI.
NOV 27 ’20 11.5C had 1705.0 VLM and 218 OI.

News

No news for today

Potential Sympathy Stocks

REMI, SDC, TSOI, XRAY

Impression

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

Company Description for :SDC

SmileDirectClub, Inc. provides dental services. Its clear aligner treatment addresses orthodontics market. The company was founded by Alexander Fenkell and Jordan Katzman in 2014 and is headquartered in Nashville, TN.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:JAZZ 143.95,-2.33(-1.59%) Earnings: 2021-03-02
Name :Jazz Pharmaceuticals Plc
Industry : Pharmaceuticals: Other

Option Information –

DEC’18 20 160.0C – 2,400 @ 2.25 were traded at 15:52:00 as a BLOCK Spot Price: 143.72

News –

No news for today

Sympathy Stocks for : JAZZ

ENDP, ABC, NVS, TEVA

Company Description for :JAZZ

(‘JAZZ’, ‘Jazz Pharmaceuticals Plc operates as a specialty biopharmaceutical company, which focuses on the identification, development and commercialization of pharmaceutical products in the areas of narcolepsy, oncology, pain and psychiatry. Its product portfolio includes: XYREM, ERWINAZETM, PRIALT, intrathecal infusion, FAZACLO and LUVOX CR. The company was founded by Bruce C. Cozadd in March 2003 and is headquartered in Dublin, Ireland.’)

Second Classic Unusual Options Activity Pick -

Ticker:TSLA 486.18,44.57(+10.09%) Earnings: 2021-02-02
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

NOV’20 20 540.0C – 500 @ 3.10 were traded at 15:31:00 as a BLOCK Spot Price: 493.63

News –
2020-11-18 16:30:45:Tesla Stock – Why Tesla took so lengthy to get into the S&P 500 — and what which means for different firms
Tesla Stock – Why Tesla took so lengthy to get into the S&P 500 — and what which means for different firms –
2020-11-18 16:27:16:Wall St closes lower over shutdown worries
All three major US stock indexes have closed in the red, although surging Tesla Inc shares have helped cap the Nasdaq’s loss.

Sympathy Stocks for : TSLA

GM, F, TM, HMC

This stock was mentioned twice on Nov-09-2020 and Nov-17-2020 at a closing price of 421.27and 441.52.

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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