Unusual Option Activity for Nov-20-2020 GLUU, SBE, XPEV, TSLA

Daily Synopsis -

    • The S&P 500 -0.69% today while the NASDaq decreased by (-0.68%). The Russell 2000 advanced (+0.11%). The Dow ended in negative territory at (-0.95%)
    • The best performing sector was Utilities(+0.02%) while Information Technology(-1.03%)was the worst performer.
    • To be fair, Mr. Mnuchin said there are still other available facilities to support market activities and recommended that Congress re-appropriate the unused $455 billion for immediate targeted fiscal measures. In addition, JPMorgan expects the economy to rebound in the second or third quarter of next year.
    • The news may have overshadowed another encouraging vaccine update. Specifically, Pfizer (PFE 36.70, +0.51, +1.4%) and BioNTech (BNTX 104.07, +9.14, +9.6%) filed an application with the FDA to receive emergency use authorization for their COVID-19 vaccine. PFE and BNTX shares closed higher.
    • Separately, shares of Workday (WDAY 209.40, -21.40, -9.3%) and Intuit (INTU 347.69, -13.75, -3.8%) underperformed despite reporting better-than-expected earnings results and issuing upbeat guidance. Williams-Sonoma (WSM 107.71, +6.67, +6.6%) was a notable earnings winner.
    • Investors did not receive any notable economic on Friday. Looking ahead, investors will receive the flash November Markit Manufacturing and Services PMIs on Monday.
Index Summary / Sector Summary -

S&P 500 : (-0.69%); NasDaq : (-0.68%);
Russell 2000 :(+0.11%); Dow :(-0.95%);
Vix :23.11 (+2.55%); [+2.6%]; {-7.96%}
Three highest sectors for today were –
Utilities: (+0.02%); Materials: (-0.09%); Health Care: (-0.23%)
Three lowest sectors for today were –
Information Technology: (-1.03%); Industrials: (-0.9%); Financials: (-0.88%)

Anticipated Earnings this Week -

Earnings info Monday –
VERO 2.33 +0.07,(+3.1%)
CODX 11.1 +0.23,(+2.12%)
JD 87.73 +1.69,(+1.96%)
PANW 292.01 +4.49,(+1.56%)
MGIC 14.91 +0.05,(+0.34%)
SOGO 8.89 +0.01,(+0.11%)
IQ 22.61 +0.01,(+0.04%)
VBLT 1.19 0.0,(0.0%)
NTWK 2.87 0.0,(0.0%)
BOXL 1.48 0.0,(0.0%)

Earnings info Tuesday –
SE 183.11 +9.64,(+5.56%)
NIO 49.25 +0.8,(+1.65%)
LODE 0.998 +0.0096,(+0.97%)
ARMK 35.49 +0.23,(+0.65%)
HD 269.81 -1.12,(-0.41%)
WMT 150.24 -1.88,(-1.24%)
KSS 28.41 -0.76,(-2.6%)

Earnings info Wednesday –
BILI 59.99 +1.53,(+2.62%)
AVYA 16.56 +0.15,(+0.91%)
TGT 172.31 +0.94,(+0.55%)
LOW 149.93 +0.33,(+0.22%)
SR 63.48 +0.09,(+0.14%)
TJX 60.68 -0.88,(-1.43%)
NVDA 523.27 -14.34,(-2.67%)

Earnings info Thursday –
NTES 93.475 +4.255,(+4.77%)
CSIQ 38.39 +1.23,(+3.31%)
M 9.05 -0.13,(-1.42%)
INTU 347.96 -13.48,(-3.73%)
BJ 42.0 -2.55,(-5.72%)
WDAY 209.435 -21.365,(-9.26%)

Earnings info Friday –
FL 39.28 -2.05,(-4.96%)

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Lumber,(LB) 616.9 +21.2 (3.44%)
2. Cocoa,(CC) 2665.0 +85.0 (3.19%)
3. Copper,(HG) 3.286 +0.08 (2.56%)
4. Nickel,(NICKEL) 16157.5 +320.0 (1.98%)
5. Zinc,(MZN) 2799.25 +45.0 (1.61%)

Top 5 Lowest Commodity % Changes –
1. Natural Gas,(NG) 2.592 -0.12 (-4.63%)
2. Lean Hogs,(LH) 63.05 -2.85 (-4.52%)
3. Coffee,(KC) 117.83 -2.82 (-2.39%)
4. Feeder Cattle,(GF) 134.65 -2.12 (-1.58%)
5. Palladium,(PA) 2319.8 -34.2 (-1.47%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.6%)
Top 5 Highest SPAC % Changes –
1. LGVW- 12.5 2.64 (+26.77%); 52 week high :12.71
2. GMHI- 12.75 2.15 (+20.28%); 52 week high :13.7
3. TRNE- 11.13 0.76 (+7.33%); 52 week high :12.99
4. OPES- 11.57 0.7 (+6.44%); 52 week high :19.92
5. SBE- 26.16 1.46 (+5.91%); 52 week high :28.7

Top 5 Lowest SPAC % Changes –
1. HCCH- 14.4 -0.61 (-4.06%); 52 week high :16.8
2. FEAC- 13.54 -0.43 (-3.08%); 52 week high :14.7
3. PIC- 11.34 -0.33 (-2.83%); 52 week high :14.0
4. FIII- 10.55 -0.3 (-2.77%); 52 week high :13.5
5. RACA- 14.205 -0.395 (-2.71%); 52 week high :21.44

Top 5 Spacs by Volume –
1. LGVW- 12.5 2.64 (+26.77%); Volume :27,747,105; ADV:54,151
2. GMHI- 12.75 2.15 (+20.28%); Volume :13,981,974; ADV:933,816
3. SBE- 26.16 1.46 (+5.91%); Volume :13,128,591; ADV:2,706,671
4. CIIC- 16.93 -0.07 (-0.41%); Volume :9,353,226; ADV:1,870,474
5. PIC- 11.34 -0.33 (-2.83%); Volume :4,230,797; ADV:1,404,986

Top 5 Spacs Trading Above ADV –
1. LGVW- 12.5 2.64 (+26.77%); ADV:54,151: Multiple of ADV:512.4
2. GMHI- 12.75 2.15 (+20.28%); ADV:933,816: Multiple of ADV:14.97
3. CCAC- 10.07 0.27 (+2.76%); ADV:15,323: Multiple of ADV:10.1
4. BRPA- 10.9 0.0 (0.0%); ADV:68: Multiple of ADV:8.78
5. NBAC- 10.14 0.09 (+0.9%); ADV:55,806: Multiple of ADV:8.42

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. FB 5 buys totaling 2,809,311 shares. Average Price : 271.0, Cost : $760,909,626
2. SHOP 3 buys totaling 600,000 shares. Average Price : 986.5, Cost : $591,900,000
3. AAPL 3 buys totaling 4,800,000 shares. Average Price : 118.61, Cost : $569,340,800
4. CRM 3 buys totaling 1,265,000 shares. Average Price : 260.33, Cost : $329,188,500
5. BABA 1 buys totaling 600,000 shares. Average Price : 271.8, Cost : $163,080,000

Options Fast Facts -

CBOE Put/Call Ratio – 0.46
Highest Multiple Over Daily Average – AYRO with 22x the ADV of 3021. There were 43087 calls and 23229 puts.
Ticker with Most Contracts –BABA with 740027 contracts traded today with an AVD of 322495. There were 571765 calls and 168262 puts.
Largest Put / Call Ratio – XHB with a 20 P/C ratio. There were 34385puts and 1689 calls.
Largest Call / Put Ratio – SBSW with a96 C/P ratio. There were 16342 calls and 170 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

SONO 20.925 -1.265,(-5.7%)
SOLO 10.885 +1.245,(+12.91%)
NIO 49.25 +0.8,(+1.65%)
BA 199.62 -6.05,(-2.94%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:GLUU 9.635,0.575(+6.35%) Earnings: 2021-02-10
Name :Glu Mobile, Inc. Special Considerations :
Industry : Technology Services Sector : Internet Software/Services
Option Information –
Today’s Option Volume: 44663; OptionOI: 119530
Multiple of ADV: 8; ADV: 5700
Total Calls: 43482; Total Puts: 1181
Calls at Ask: 30.5%; Calls at Bid: 21.2%
Puts at Ask: 35.9%; Puts at Bid: 42.2%
C/P Ratio: 37
Noteable Strikes

NOV 20 ’20 9.0C had 3224 VLM and 4030 OI.
DEC 18 ’20 7.0C had 2061 VLM and 2323 OI.
DEC 18 ’20 8.0C had 2843 VLM and 10988 OI.
JAN 15 ’21 9.0C had 10202 VLM and 1674 OI.

News

No news for today

Potential Sympathy Stocks

ZNGA, MSFT, FB, TTWO

Impression

This stock was also mentioned on Nov-06-2020 at a closing price of 8.795
I wish the Call Ask Percent was a little higher. The Multiple of ADV is okay. Very high C/P Ratio.

Company Description for :GLUU

Glu Mobile, Inc. engages in developing, publishing, and marketing a portfolio of games designed for users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts such as Apple App Store and Google Play Store. It operates through the following geographical segments: United States of America; Americas excluding United States of America; Europe, the Middle East, and Africa; and Asia Pacific. The company was founded by Paul Zuzelo in May 2001 and is headquartered in San Francisco, CA.

Second Momentum Stock Pick

Ticker:SBE 26.16,1.46(+5.91%) Earnings: None
Name :Switchback Energy Acquisition Corp. Special Considerations : 52WkHigh/52WkIVHigh
Industry : Finance Sector : Financial Conglomerates
Option Information –
Today’s Option Volume: 44924; OptionOI: 95380
Multiple of ADV: 5; ADV: 9862
Total Calls: 34870; Total Puts: 10054
Calls at Ask: 35.3%; Calls at Bid: 36.7%
Puts at Ask: 55.3%; Puts at Bid: 31.6%
C/P Ratio: 3
Noteable Strikes

NOV 20 ’20 25.0C had 2438 VLM and 2050 OI.
DEC 18 ’20 20.0C had 3071 VLM and 4774 OI.
DEC 18 ’20 30.0C had 4432 VLM and 2207 OI.
MAY 21 ’21 25.0C had 2364 VLM and 8478 OI.

News

No news for today

Potential Sympathy Stocks

None

Impression

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

Company Description for :SBE

Switchback Energy Acquisition Corp. is a blank check company, which operates as an emerging growth company. It aims to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on May 10, 2019 and is headquartered in Dallas, TX.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:XPEV 53.89,5.78(+12.01%) Earnings: None
Name :XPeng, Inc.
Industry : Motor Vehicles

Option Information –

DEC’04 20 70.0C – 900 @ 2.31 were traded at 12:25:00 as a SPLIT Spot Price: 54.63

News –

2020-11-20 16:15:04:Tesla Stock – Tesla, XPeng, Different EV Stocks Are On Fireplace. This Is Why.
Tesla Stock – Tesla, XPeng, Different EV Stocks Are On Fireplace. This Is Why. –
2020-11-20 15:13:45:Chinese Tesla Competitor XPeng Is Using Lidar
In July 2019, Guangzhi Cao, a former engineer at Tesla Inc (NASDAQ: TSLA ), admitted to uploading Tesla’s Autopilot source code to his iCloud account. Tesla had sued Cao for allegedly giving the secret code to Xpeng Inc (NYSE: XPEV ). When Tasha Keeney of Ark Invest mentioned Xpeng’s use of Lidar in the company’s autonomous driving solutions on Twitter, she said it’s a ” big … Full story available on Benzinga.com

Sympathy Stocks for : XPEV

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Company Description for :XPEV

(‘XPEV’, ‘XPeng, Inc. designs, develops, manufactures, and markets smart electric vehicle. It produce environmental friendly vehicles, namely an SUV (the G3), and a four-door sports sedan (the P7). The company was founded by Xiao Peng He, Heng Xia, and Tao He in 2015 and is headquartered in Guangzhou, China.’)

Second Classic Unusual Options Activity Pick -

Ticker:TSLA 489.13,-10.14(-2.03%) Earnings: 2021-02-02
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

NOV’27 20 550.0C – 690 @ 3.85 were traded at 14:47:00 as a SWEEP Spot Price: 492.88

News –
2020-11-20 16:28:27:Bolsas de NY fecham em queda, em meio ao avanço da pandemia e incertezas sobre estímulos
No acumulado da semana, o Dow Jones e o S&P 500 recuaram 0,73% e 0,77%, respectivamente, enquanto o Nasdaq registrou leve ganho de 0,22% Os índices acionários em Nova York não tiveram força para estender os ganhos da véspera e fecharam a sexta-feira (20) em queda. O avanço da pandemia de covid-19 no país, as perspectivas reduzidas de estímulo fiscal e a decisão do secretário do Tesouro dos Estados Unidos, Steven Mnuchin, de não estender programas de empréstimos de emergência estabelecidos junto ao Federal Reserve (Fed), elevaram a cautela no pregão de hoje. Na Bolsa de Valores de Nova York (Nyse), o Dow Jones encerrou o dia aos 29.263,48 pontos, em queda de 0,75%, enquanto o S&P 500 recuou 0,68%, a 3.557,54 pontos. O índice eletrônico Nasdaq caiu 0,42% e fechou aos 11.854,97 pontos. No acumulado da semana, o Dow Jones e o S&P 500 recuaram 0,73% e 0,77%, respectivamente, enquanto o Nasdaq registrou leve ganho de 0,22%. Após notícias sobre o desenvolvimento de vacinas terem impulsionado o otimismo dos agentes financeiros no início da semana, o avanço expressivo da pandemia de covid-19 no país instou autoridades a adotar novas medidas de restrição à atividade econômica para frear o contágio do vírus.
2020-11-20 16:15:04:Tesla Stock – Tesla, XPeng, Different EV Stocks Are On Fireplace. This Is Why.
Tesla Stock – Tesla, XPeng, Different EV Stocks Are On Fireplace. This Is Why. –

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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