Unusual Option Activity for Nov-19-2020 SONO, SOLO, NIO, BA

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.42% today while the NASDaq had a small gain of (+0.77%). The Russell 2000 advanced (+0.77%). The Dow ended in positive territory at (+0.19%)
    • The best performing sector was Energy(+1.64%) while Utilities(-1.0%)was the worst performer.
    • The utilities (-1.0%) and health care (-0.1%) sectors, which have underperformed this week, failed to participate in today’s advance.
    • In other positive developments, Phase 2 vaccine trial data from the AstraZeneca (AZN 54.03, +0.04, +0.1%)/Oxford collaboration showed encouraging immune responses in older patients, and October existing home sales increased at a faster-than-expected, seasonally adjusted annual rate of 6.85 million (consensus 6.49 million). Market reactions were muted, but these were good for sentiment reasons.
    • The Philadelphia Semiconductor Index (+1.6%) was another pocket of strength today. NVIDIA (NVDA 537.61, +0.46, +0.1%) beat top and bottom-line estimates and issued upside Q4 revenue guidance; Cree (CREE 81.00, +8.39, +11.6%) was upgraded to Overweight from Neutral at JP Morgan with a $90 price target.
    • Investors will not receive any notable economic data on Friday.
Index Summary / Sector Summary -

S&P 500 : (+0.42%); NasDaq : (+0.77%);
Russell 2000 :(+0.77%); Dow :(+0.19%);
Vix :23.84 (-3.06%); [-8.84%]; {-7.04%}
Three highest sectors for today were –
Energy: (+1.64%); Information Technology: (+0.81%); Communication Services: (+0.61%)
Three lowest sectors for today were –
Utilities: (-1.0%); Health Care: (-0.07%); Real Estate: (+0.16%)

Anticipated Earnings this Week -

Earnings info Monday –
VERO 2.27 +0.09,(+4.13%)
AZUL 20.13 +0.76,(+3.92%)
PANW 287.52 +6.38,(+2.27%)
MGIC 14.95 +0.22,(+1.49%)
SOHU 19.715 +0.265,(+1.36%)
ACM 50.47 +0.21,(+0.42%)
CSPR 6.2 +0.02,(+0.32%)
SOGO 8.88 +0.02,(+0.23%)
IQ 22.6 +0.02,(+0.09%)
NTWK 3.0 0.0,(0.0%)

Earnings info Tuesday –
NIO 48.45 +3.39,(+7.52%)
SE 173.47 +8.31,(+5.03%)
ARMK 35.26 +1.29,(+3.8%)
WMT 152.12 +3.03,(+2.03%)
KSS 29.175 +0.495,(+1.73%)
HD 270.93 +1.1,(+0.41%)
LODE 0.9884 -0.0066,(-0.66%)

Earnings info Wednesday –
BILI 58.445 +10.595,(+22.14%)
TGT 171.37 +4.52,(+2.71%)
LOW 149.6 +2.86,(+1.95%)
NVDA 538.0 +0.85,(+0.16%)
SR 63.39 +0.01,(+0.02%)
TJX 61.56 -0.72,(-1.16%)
AVYA 16.41 -1.65,(-9.14%)

Earnings info Thursday –
NTES 89.27 +3.77,(+4.41%)
BJ 44.55 +1.55,(+3.6%)
WDAY 230.82 +7.21,(+3.22%)
M 9.18 +0.19,(+2.11%)
INTU 361.95 +7.21,(+2.03%)
CSIQ 37.21 -1.51,(-3.9%)

Earnings info Friday –
FL 41.33 +1.39,(+3.48%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Coffee,(KC) 123.48 +3.73 (3.02%)
2. Cocoa,(CC) 2580.0 +63.0 (2.44%)
3. Brent Crude,(LCO) 44.34 +0.59 (1.33%)
4. Platinum,(PL) 957.3 +12.4 (1.3%)
5. Corn,(C) 425.75 +5.5 (1.29%)

Top 5 Lowest Commodity % Changes –
1. Lumber,(LB) 595.7 -14.9 (-2.5%)
2. Feeder Cattle,(FC) 137.3 -2.42 (-1.77%)
3. Silver,(SI) 24.163 -0.29 (-1.18%)
4. Feeder Cattle,(GF) 135.7 -1.33 (-0.98%)
5. Gold,(GC) 1865.5 -8.4 (-0.45%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.76%)
Top 5 Highest SPAC % Changes –
1. CIIC- 16.98 3.62 (+27.1%); 52 week high :18.24
2. SBE- 24.7 5.02 (+25.51%); 52 week high :25.43
3. PIC- 11.67 1.2 (+11.46%); 52 week high :14.0
4. FIII- 10.86 1.06 (+10.82%); 52 week high :13.5
5. KCAC- 20.0 1.89 (+10.44%); 52 week high :25.75

Top 5 Lowest SPAC % Changes –
1. LGC- 8.055 -2.105 (-20.72%); 52 week high :11.36
2. HCCH- 15.04 -1.03 (-6.41%); 52 week high :16.8
3. PSTH- 23.85 -0.8 (-3.25%); 52 week high :25.3
4. OPES- 10.9 -0.14 (-1.27%); 52 week high :19.92
5. LCA- 14.78 -0.18 (-1.2%); 52 week high :19.28

Top 5 Spacs by Volume –
1. CIIC- 16.98 3.62 (+27.1%); Volume :33,446,041; ADV:809,486
2. SBE- 24.7 5.02 (+25.51%); Volume :12,265,343; ADV:2,457,484
3. PIC- 11.67 1.2 (+11.46%); Volume :9,172,313; ADV:1,144,018
4. FIII- 10.86 1.06 (+10.82%); Volume :4,021,363; ADV:83,336
5. IPOB- 19.42 0.72 (+3.85%); Volume :3,924,978; ADV:2,964,836

Top 5 Spacs Trading Above ADV –
1. TDAC- 11.16 0.31 (+2.86%); ADV:508: Multiple of ADV:2345.56
2. FIII- 10.86 1.06 (+10.82%); ADV:83,336: Multiple of ADV:48.25
3. CIIC- 16.98 3.62 (+27.1%); ADV:809,486: Multiple of ADV:41.32
4. GIK- 10.75 0.87 (+8.81%); ADV:63,342: Multiple of ADV:26.47
5. GLEO- 9.9 0.02 (+0.2%); ADV:7,380: Multiple of ADV:20.61

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. TSLA 7 buys totaling 1,160,516 shares. Average Price : 499.96, Cost : $580,163,771
2. AAPL 5 buys totaling 1,875,000 shares. Average Price : 117.9, Cost : $221,015,625
3. CRM 2 buys totaling 792,500 shares. Average Price : 262.38, Cost : $207,896,250
4. INTC 2 buys totaling 4,070,000 shares. Average Price : 45.15, Cost : $183,760,500
5. Z 3 buys totaling 1,718,833 shares. Average Price : 106.37, Cost : $182,797,891

Options Fast Facts -

CBOE Put/Call Ratio – 0.42
Highest Multiple Over Daily Average – ETRN with 33x the ADV of 1169. There were 312 calls and 37951 puts.
Ticker with Most Contracts –TSLA with 1576641 contracts traded today with an AVD of 769235. There were 1081065 calls and 495576 puts.
Largest Put / Call Ratio – FXB with a 296 P/C ratio. There were 29568puts and 100 calls.
Largest Call / Put Ratio – EWU with a670 C/P ratio. There were 31471 calls and 47 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

BLNK 18.33 +3.55,(+24.02%)
LB 39.6 +5.99,(+17.82%)
PDD 137.73 +5.35,(+4.04%)
TSLA 499.2 +12.56,(+2.58%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:SONO 22.18,5.09(+29.78%) Earnings: 2021-02-10
Name :Sonos, Inc. Special Considerations : Post-ER/52WkHigh
Industry : Electronic Technology Sector : Electronic Production Equipment
Option Information –
Today’s Option Volume: 156124; OptionOI: 166403
Multiple of ADV: 14; ADV: 11239
Total Calls: 133823; Total Puts: 22301
Calls at Ask: 43.1%; Calls at Bid: 32.0%
Puts at Ask: 38.3%; Puts at Bid: 41.1%
C/P Ratio: 6
Noteable Strikes

NOV 20 ’20 20.0C had 10080 VLM and 8344 OI.
NOV 20 ’20 22.5C had 24017.0 VLM and 1600 OI.
DEC 18 ’20 17.5C had 15324 VLM and 25727 OI.
DEC 18 ’20 20.0C had 7940 VLM and 2801 OI.

News

2020-11-19 14:58:54:Tesla Stock – Nasdaq Bucks Downtrend as Tesla Flirts With $500; Sonos Has By no means Sounded Higher
Tesla Stock – Nasdaq Bucks Downtrend as Tesla Flirts With $500; Sonos Has By no means Sounded Higher –
2020-11-19 12:16:47:Sonos CEO on skyrocketing stock price: ‘We have an inflection point’
Sonos just had a blowout quarter. Here’s what CEO Patrick Spence told Yahoo Finance.

Potential Sympathy Stocks

ROFO, SGOC, PLT, KOSS

Impression

This stock was also mentioned on Oct-22-2020 at a closing price of 15.79
The Call Ask Percent looks good. The Multiple of ADV appears quite bullish. The C/P ratio is decent..

Company Description for :SONO

Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.

Second Momentum Stock Pick

Ticker:SOLO 9.61,2.7(+39.07%) Earnings: None
Name :Electrameccanica Vehicles Corp. Special Considerations : 52WkHigh
Industry : Consumer Durables Sector : Motor Vehicles
Option Information –
Today’s Option Volume: 139672; OptionOI: 149463
Multiple of ADV: 5; ADV: 26330
Total Calls: 108292; Total Puts: 31380
Calls at Ask: 47.3%; Calls at Bid: 35.2%
Puts at Ask: 34.3%; Puts at Bid: 50.7%
C/P Ratio: 3
Noteable Strikes

NOV 20 ’20 10.0C had 7234 VLM and 2110 OI.
NOV 20 ’20 12.5C had 4684 VLM and 1312 OI.
DEC 18 ’20 10.0C had 8318 VLM and 8271 OI.
MAR 19 ’21 7.5C had 1428 VLM and 5660 OI.

News

No news for today

Potential Sympathy Stocks

SHYF, NSANY, NKLA, NIO

Impression

The Call Ask Percent looks good. I wish the Multiple of ADV was a little higher. I’d like the C/P ratio to be higher.

Company Description for :SOLO

Electrameccanica Vehicles Corp. engages in development and manufacture of electric vehicles. It operates through Electric Vehicles and Custom Build Vehicles segments. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles segment offers high-end custom built vehicles. The company was founded by Jerry Kroll and Henry R. Reisner on February 16, 2015 and is headquartered in Vancouver, Canada.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:NIO 48.45,3.39(+7.52%) Earnings: 2021-03-09
Name :NIO, Inc. (China)
Industry : Motor Vehicles

Option Information –

DEC’04 20 63.0C – 1,300 @ 1.50 were traded at 14:31:00 as a BLOCK Spot Price: 48.17
DEC’18 20 55.0C – 586 @ 4.30 were traded at 10:12:00 as a BLOCK Spot Price: 47.4

News –

2020-11-19 09:10:46:NIO (NYSE:NIO) Price Target Raised to $50.00
NIO (NYSE:NIO) had its price target hoisted by analysts at Deutsche Bank Aktiengesellschaft from $34.00 to $50.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.96% from the stock’s current price. […]
2020-11-19 06:48:02:NIO Stock – Why three Very Completely different EV Stocks Are Up Huge At present
NIO Stock – Why three Very Completely different EV Stocks Are Up Huge At present –

Sympathy Stocks for : NIO

SHYF, NSANY, NKLA, NIO

This stock was mentioned twice on Nov-02-2020 and Nov-05-2020 at a closing price of 33.32and 42.35.

Company Description for :NIO

(‘NIO’, ‘NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:BA 205.67,2.37(+1.17%) Earnings: 2021-02-03
Name :The Boeing Co.
Industry : Aerospace & Defense

Option Information –

DEC’18 20 225.0C – 631 @ 6.30 were traded at 09:44:00 as a SWEEP Spot Price: 205.26

News –
2020-11-19 16:11:21:Not All Analysts Cheering Boeing Back Into the Skies
No summary available.
2020-11-19 16:00:12:Are Boeing, Delta And Exxon ‘Zombie Companies’ Or Value Stocks?
The economic downturn and subsequent government stimulus measures in 2020 has led some analysts and traders to use the phrase “zombie companies” to describe companies that would not be surviving without financial support from the government. On Thursday, DataTrek Research co-founder Nicholas Colas defined zombie companies and drew distinctions between true zombies and value stocks that could make for excellent economic recovery plays. What Is A Zombie Company? Colas said a zombie company is a business that is not generating enough operating income to cover its interest expense. He said the phrase has risen in popularity this year due to concerns that the Federal Reserve has created an entire group of zombies due to its corporate bond buying stimulus program. According to a new Bank of International Settlements paper, the number of … Full story available on Benzinga.com

Sympathy Stocks for : BA

LMT, NOC, ERJ, GD

This stock was mentioned twice on Nov-09-2020 and Nov-16-2020 at a closing price of 179.37and 202.4.

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.’)

What are your thoughts?

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