Unusual Option Activity for Nov-23-2020 CSIQ, TSLA, PLUG

Daily Synopsis -

    • The S&P 500 eked out a gain of +0.6% today while the NASDaq had a small gain of (+0%). The Russell 2000 rose by (+1.87%). The Dow ended in positive territory at (+1.15%)
    • The best performing sector was Energy(+7.07%) while Real Estate(-0.33%)was the worst performer.
    • On the downside, the health care (-0.3%), real estate (-0.3%), information technology (-0.03%), and communication services (-0.02%) sectors held back the benchmark index, which briefly turned negative in the morning. Stay-at-home stocks also underperformed.
    • Other positive factors today included encouraging preliminary Markit PMI and Services reports for November, the NRF expecting holiday sales to grow between 3.6-5.2%, versus 2019; and TSA data showing the highest number of airline passengers through TSA checkpoints since mid-March on Sunday.
    • Separately, the market received a temporary boost in the afternoon after The Wall Street Journal reported that Joe Biden will nominate former Fed Chair Janet Yellen as Treasury Secretary. Ms. Yellen has been vocal about the need for more fiscal stimulus, and there are expectations that the Senate would approve her nomination.
    • Looking ahead, investors will receive the Conference Board’s Consumer Confidence Index for November, the FHFA Housing Price Index for November, and the S&P Case-Shiller Home Price Index for September on Tuesday.
Index Summary / Sector Summary -

S&P 500 : (+0.6%); NasDaq : (0%);
Russell 2000 :(+1.87%); Dow :(+1.15%);
Vix :23.7 (-4.39%); [+0.94%]; {-8.63%}
Three highest sectors for today were –
Energy: (+7.07%); Financials: (+1.88%); Industrials: (+1.67%)
Three lowest sectors for today were –
Real Estate: (-0.33%); Health Care: (-0.26%); Information Technology: (-0.03%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
JWN 23.44 +2.15,(+10.1%)
ANF 22.69 +1.8,(+8.62%)
AEO 18.18 +1.24,(+7.32%)
GPS 26.06 +1.69,(+6.93%)
AMWD 104.57 +6.12,(+6.22%)
DY 78.23 +4.01,(+5.4%)
CMCM 2.04 +0.1,(+5.16%)
PSTG 19.69 +0.83,(+4.4%)
HPQ 21.19 +0.74,(+3.62%)
TITN 18.98 +0.65,(+3.55%)

Earnings info Wednesday –
DE 261.11 +2.55,(+0.99%)

Earnings info Thursday –
No Earnings
Earnings info Friday –
No Earnings

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Lean Hogs,(LH) 65.35 +2.3 (3.52%)
2. Feeder Cattle,(GF) 138.05 +3.45 (2.5%)
3. Natural Gas,(NG) 2.65 +0.06 (2.19%)
4. Lumber,(LB) 630.1 +13.2 (2.09%)
5. Cotton,(CT) 72.96 +1.29 (1.77%)

Top 5 Lowest Commodity % Changes –
1. Silver,(SI) 23.608 -0.65 (-2.76%)
2. Zinc,(MZN) 2734.25 -65.0 (-2.38%)
3. Platinum,(PL) 931.9 -21.05 (-2.26%)
4. Gold,(GC) 1833.9 -38.5 (-2.1%)
5. Steel,(SRR) 491.5 -6.0 (-1.22%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (1.21%)
Top 5 Highest SPAC % Changes –
1. CIIC- 25.295 8.295 (+48.79%); 52 week high :25.49
2. SBE- 34.08 7.92 (+30.28%); 52 week high :35.88
3. KCAC- 22.05 1.91 (+9.48%); 52 week high :25.75
4. NBAC- 11.1 0.95 (+9.36%); 52 week high :11.39
5. LGVW- 13.6 1.1 (+8.8%); 52 week high :14.74

Top 5 Lowest SPAC % Changes –
1. DMYT- 13.5 -0.42 (-3.02%); 52 week high :14.38
2. IPOB- 18.64 -0.41 (-2.15%); 52 week high :27.0
3. FEAC- 13.29 -0.25 (-1.85%); 52 week high :14.7
4. BFT- 10.36 -0.18 (-1.71%); 52 week high :11.13
5. CLA- 9.75 -0.08 (-0.81%); 52 week high :10.0

Top 5 Spacs by Volume –
1. CIIC- 25.295 8.295 (+48.79%); Volume :28,772,159; ADV:2,187,486
2. SBE- 34.08 7.92 (+30.28%); Volume :21,186,636; ADV:3,085,097
3. LGVW- 13.6 1.1 (+8.8%); Volume :15,304,752; ADV:990,084
4. APXT- 10.41 0.26 (+2.56%); Volume :9,403,607; ADV:118,675
5. GMHI- 12.79 0.04 (+0.31%); Volume :8,480,698; ADV:1,375,027

Top 5 Spacs Trading Above ADV –
1. APXT- 10.41 0.26 (+2.56%); ADV:118,675: Multiple of ADV:79.24
2. NBAC- 11.1 0.95 (+9.36%); ADV:71,782: Multiple of ADV:54.16
3. GIX- 10.15 0.06 (+0.6%); ADV:98,479: Multiple of ADV:36.36
4. CCAC- 10.15 0.08 (+0.79%); ADV:20,869: Multiple of ADV:27.15
5. SAMA- 10.195 0.015 (+0.15%); ADV:68,059: Multiple of ADV:21.0

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. HDS 6 buys totaling 4,450,527 shares. Average Price : 55.78, Cost : $248,286,892
2. CVNA 2 buys totaling 768,288 shares. Average Price : 241.69, Cost : $185,638,133
3. NYT 2 buys totaling 3,380,470 shares. Average Price : 41.08, Cost : $138,981,917
4. TSM 2 buys totaling 1,395,730 shares. Average Price : 95.8, Cost : $133,716,377
5. AAPL 3 buys totaling 1,000,000 shares. Average Price : 115.05, Cost : $115,039,500

Options Fast Facts -

CBOE Put/Call Ratio – 0.40
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 -

GLUU 9.535 -0.095,(-0.99%)
SBE 34.08 +7.92,(+30.28%)
XPEV 72.17 +18.28,(+33.92%)
TSLA 521.85 +32.24,(+6.59%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:CSIQ 39.805,1.375(+3.58%) Earnings: 2021-03-24
Name :Canadian Solar, Inc. Special Considerations :
Industry : Producer Manufacturing Sector : Electrical Products
Option Information –
Today’s Option Volume: 31710; OptionOI: 96974
Multiple of ADV: 4; ADV: 7887
Total Calls: 25886; Total Puts: 5824
Calls at Ask: 44.4%; Calls at Bid: 31.9%
Puts at Ask: 20.9%; Puts at Bid: 16.5%
C/P Ratio: 4
Noteable Strikes

NOV 27 ’20 39.0C had 13840 VLM and 151 OI.
DEC 04 ’20 41.0C had 1406.0 VLM and 21 OI.
DEC 18 ’20 42.0C had 1201 VLM and 3758 OI.
JAN 15 ’21 55.0C had 1160.0 VLM and 2135 OI.

News

No news for today

Potential Sympathy Stocks

SPWR, FSLR, JKS

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 :CSIQ

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and provides solar energy solutions. It operates through the Module and System Solutions (MSS) and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:TSLA 521.85,32.24(+6.59%) Earnings: 2021-02-02
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

DEC’18 20 600.0C – 2,462 @ 17.00 were traded at 10:00:00 as a SWEEP Spot Price: 519.88
DEC’18 20 600.0C – 521 @ 18.00 were traded at 09:55:00 as a SWEEP Spot Price: 518.94

News –

2020-11-23 15:03:01:Tesla Giga Shanghai Could Supply Model 3 SR+ to European Market with Higher Profit Margin
Tesla began exporting made-in-China Model 3s to Europe in late October. 7,000 electric vehicles produced at Giga Shanghai will be sold in more than 10 European countries, including Germany, Italy, Switzerland, and France. For now, all indications point to the factory continuing to manufacture and deliver the China-made
2020-11-23 14:48:13:Stock Market Today With Jim Cramer: Buy Tesla and Micron
Jim Cramer discusses the latest stock market news including Tesla’s upgrade, Micron, and vaccine rollouts.

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.’)

Second Classic Unusual Options Activity Pick -

Ticker:PLUG 26.875,2.515(+10.32%) Earnings: 2021-03-11
Name :Plug Power, Inc.
Industry : Electronic Components

Option Information –

DEC’18 20 35.0C – 14,318 @ 0.66 were traded at 14:09:00 as a SWEEP Spot Price: 26.07

News –
No news for today

Sympathy Stocks for : PLUG

BLDP, FCEL, CPST, WMT

Company Description for :PLUG

(‘PLUG’, ‘Plug Power, Inc. provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses. The company was founded by George C. McNamee and Larry G. Garberding on June 27, 1997 and is headquartered in Latham, NY.’)

What are your thoughts?

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