Unusual Option Activity for Nov-24-2020 CLDR, STM, TSLA, PLTR

Daily Synopsis -

    • The S&P 500 increased +1.61% today while the NASDaq added (+1.43%). The Russell 2000 rose by (+1.88%). The Dow ended in positive territory at (+1.53%)
    • The best performing sector was Energy(+5.14%) while Real Estate(-0.05%)was the worst performer.
    • Specifically, the General Services Administration said it will release funds to help the Biden administration transition into office, Wells Fargo (WFC 28.60, +2.30, +8.8%) was double upgraded to Outperform from Underperform at Raymond James, and numerous retailers reported better-than-expected earnings reports.
    • Dollar Tree (DLTR 111.35, +13.74, +14.1%) shares rose 14% following its earnings results, but truthfully, most of the earnings reactions weren’t that great since the news may have already been priced in. Shares of Best Buy (BBY 113.54, -8.50, -7.0%) fell 7% despite beating top and bottom-line estimates.
    • There were also semblances of greed and froth in the market. For example, shares of Tesla (TSLA 555.38, +33.53, +6.4%) surged 6% on no specific news to bring the company’s market capitalization to over $500 billion. Hedging interest remained relatively suppressed with the CBOE Volatility Index (-1.02, -4.5%) closing at 21.64.
    • Looking ahead, investors will receive a massive amount of data on Wednesday, most notably the weekly Initial and Continuing Claims report, New Home Sales for October, Personal Income and Spending for October, and the FOMC Minutes from the November meeting.
Index Summary / Sector Summary -

S&P 500 : (+1.61%); NasDaq : (+1.43%);
Russell 2000 :(+1.88%); Dow :(+1.53%);
Vix :22.66 (-4.5%); [-4.71%]; {-7.72%}
Three highest sectors for today were –
Energy: (+5.14%); Financials: (+3.5%); Materials: (+2.49%)
Three lowest sectors for today were –
Real Estate: (-0.05%); Health Care: (+0.29%); Consumer Staples: (+0.68%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
DLTR 111.34 +13.73,(+14.07%)
PLAN 67.22 +4.97,(+7.98%)
JWN 24.55 +1.11,(+4.74%)
GPS 26.87 +0.81,(+3.11%)
J 107.53 +3.02,(+2.89%)
HPQ 21.75 +0.56,(+2.64%)
EV 68.7 +1.63,(+2.43%)
TITN 19.39 +0.41,(+2.16%)
SJM 117.79 +1.74,(+1.5%)
DELL 70.33 +0.95,(+1.37%)

Earnings info Wednesday –
DE 261.51 +0.4,(+0.15%)

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

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Crude Oil,(CL) 44.9 +1.84 (4.1%)
2. Platinum,(PL) 964.65 +31.75 (3.29%)
3. Lean Hogs,(LH) 67.125 +1.78 (2.64%)
4. Brent Crude,(LCO) 46.06 +1.1 (2.39%)
5. Feeder Cattle,(FC) 137.825 +3.22 (2.34%)

Top 5 Lowest Commodity % Changes –
1. Oats,(O) 287.25 -10.5 (-3.66%)
2. Lumber,(LB) 618.4 -11.7 (-1.89%)
3. Gold,(GC) 1804.7 -33.1 (-1.83%)
4. Silver,(SI) 23.25 -0.38 (-1.65%)
5. Steel,(SRR) 489.0 -2.5 (-0.51%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.78%)
Top 5 Highest SPAC % Changes –
1. LGVW- 16.25 2.65 (+19.48%); 52 week high :17.2
2. DMYT- 15.65 2.15 (+15.93%); 52 week high :15.72
3. LCA- 16.36 1.77 (+12.13%); 52 week high :19.28
4. SBE- 36.88 2.8 (+8.22%); 52 week high :42.3
5. NBAC- 11.89 0.79 (+7.12%); 52 week high :12.5

Top 5 Lowest SPAC % Changes –
1. FIII- 10.875 -0.265 (-2.38%); 52 week high :13.5
2. HSAQ- 11.47 -0.28 (-2.38%); 52 week high :12.5
3. FEAC- 12.99 -0.3 (-2.26%); 52 week high :14.7
4. KCAC- 21.63 -0.42 (-1.91%); 52 week high :25.75
5. PIC- 11.93 -0.2 (-1.65%); 52 week high :14.0

Top 5 Spacs by Volume –
1. SBE- 36.88 2.8 (+8.22%); Volume :28,075,798; ADV:3,740,040
2. CIIC- 27.11 1.66 (+6.52%); Volume :26,032,239; ADV:3,163,521
3. LGVW- 16.25 2.65 (+19.48%); Volume :13,407,513; ADV:1,507,651
4. THCB- 11.23 0.5 (+4.66%); Volume :8,858,635; ADV:490,742
5. PIC- 11.93 -0.2 (-1.65%); Volume :7,146,109; ADV:1,669,625

Top 5 Spacs Trading Above ADV –
1. BRLI- 9.83 0.0 (0.0%); ADV:5,466: Multiple of ADV:42.05
2. NBAC- 11.89 0.79 (+7.12%); ADV:209,997: Multiple of ADV:18.71
3. THCB- 11.23 0.5 (+4.66%); ADV:490,742: Multiple of ADV:18.05
4. SAMA- 10.535 0.345 (+3.39%); ADV:115,160: Multiple of ADV:17.11
5. THCA- 10.04 0.0 (0.0%); ADV:1,908: Multiple of ADV:16.98

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. MSFT 1 buys totaling 4,072,922 shares. Average Price : 209.5, Cost : $853,277,159
2. CSX 4 buys totaling 3,387,025 shares. Average Price : 92.52, Cost : $313,373,744
3. PYPL 4 buys totaling 1,431,000 shares. Average Price : 204.6, Cost : $292,782,600
4. JNJ 1 buys totaling 1,511,820 shares. Average Price : 144.0, Cost : $217,702,080
5. V 1 buys totaling 1,005,817 shares. Average Price : 211.0, Cost : $212,227,387

Options Fast Facts -

CBOE Put/Call Ratio – 0.42
Highest Multiple Over Daily Average – OUT with 13x the ADV of 1018. There were 12927 calls and 57 puts.
Ticker with Most Contracts –AAL with 729901 contracts traded today with an AVD of 277378. There were 503511 calls and 226390 puts.
Largest Put / Call Ratio – FOXA with a 18 P/C ratio. There were 20633puts and 1155 calls.
Largest Call / Put Ratio – CSTM with a229 C/P ratio. There were 18810 calls and 82 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CSIQ 40.67 +0.84,(+2.11%)
TSLA 555.66 +33.81,(+6.48%)
PLUG 26.72 -0.15,(-0.56%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:CLDR 11.46,0.2(+1.78%) Earnings: 2020-12-03
Name :Cloudera, Inc. Special Considerations :
Industry : Technology Services Sector : Packaged Software
Option Information –
Today’s Option Volume: 38112; OptionOI: 269970
Multiple of ADV: 5; ADV: 7402
Total Calls: 33570; Total Puts: 4542
Calls at Ask: 46.7%; Calls at Bid: 37.0%
Puts at Ask: 42.8%; Puts at Bid: 45.3%
C/P Ratio: 7
Noteable Strikes

NOV 27 ’20 12.0C had 13078 VLM and 894 OI.
DEC 04 ’20 12.0C had 2627.0 VLM and 1181 OI.
DEC 11 ’20 11.5C had 1598.0 VLM and 148 OI.
JAN 15 ’21 12.5C had 1042 VLM and 11540 OI.

News

No news for today

Potential Sympathy Stocks

PPPS, PPRG, PPMH, PPJE

Impression

This stock was also mentioned on Oct-13-2020 at a closing price of 11.88
The Call Ask Percent looks good. I wish the Multiple of ADV was a little higher. The C/P ratio is decent..

Company Description for :CLDR

Cloudera, Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow, Hortonworks Data Platform, and data science workbench. It operates through Subscription, and Services segments. The company was founded by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher in June 2008 and is headquartered in Palo Alto, CA.

Second Momentum Stock Pick

Ticker:STM 37.54,0.03(+0.08%) Earnings: 2021-01-28
Name :STMicroelectronics NV Special Considerations : None
Industry : Electronic Technology Sector : Semiconductors
Option Information –
Today’s Option Volume: 20073; OptionOI: 94831
Multiple of ADV: 8; ADV: 2408
Total Calls: 19360; Total Puts: 713
Calls at Ask: 4.0%; Calls at Bid: 2720.0%
Puts at Ask: 55.3%; Puts at Bid: 31.6%
C/P Ratio: 27
Noteable Strikes

DEC 18 ’20 40.0C had 11895 VLM and 627 OI.
JAN 15 ’21 40.0C had 5374 VLM and 7762 OI.

News

No news for today

Potential Sympathy Stocks

TXN, NXPI, ADI, MXIM

Impression

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

Company Description for :STM

STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog and MEMS Group, and Microcontrollers and Digital ICs Group. The Automotive and Discrete Group segment comprises of all dedicated automotive ICs, and discrete and power transistor products. The Analog and MEMS Group segment comprises of low-power high-end analog ICs, smart power products for industrial, computer and consumer markets, touch screen controllers, low power connectivity solutions and metering solutions for smart grid and all MEMS products. The Microcontrollers and Digital ICs Group segment comprises of general purpose and secure microcontrollers, EEPROM memories, and digital ASICs. The company was founded in June 1987 and is headquartered in Plan-Les-Ouates, Switzerland.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:TSLA 555.66,33.81(+6.48%) Earnings: 2021-02-02
Name :Tesla, Inc.
Industry : Motor Vehicles

Option Information –

DEC’18 20 700.0C – 836 @ 9.00 were traded at 13:22:00 as a SWEEP Spot Price: 548.76
DEC’24 20 680.0C – 328 @ 13.85 were traded at 13:29:00 as a SWEEP Spot Price: 548.3

News –

2020-11-24 16:11:00:Musk: Tesla-Werk bei Berlin wird weltgrösste Batteriefabrik – Tesla-Aktie schliesst mit neuem Rekord
Das kündigte Musk am Dienstag in einem per Video übertragenen Auftritt bei einer Konferenz zur europäischen Batteriewirtschaft an. Tesla will in Grünheide bei Berlin jährlich rund 500 000 Wagen der kompakten Fahrzeuge Model 3 und Model Y bauen. Es ist das erste Werk, in dem sowohl Autos als auch…
2020-11-24 16:03:00:Musk: Tesla-Werk bei Berlin wird weltgrösste Batteriefabrik – Aktie schliesst auf Rekordhoch
Das kündigte Musk am Dienstag in einem per Video übertragenen Auftritt bei einer Konferenz zur europäischen Batteriewirtschaft an. Tesla will in Grünheide bei Berlin jährlich rund 500 000 Wagen der kompakten Fahrzeuge Model 3 und Model Y bauen. Es ist das erste Werk, in dem sowohl Autos als auch…

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:PLTR 23.82,2.78(+13.21%) Earnings: None
Name :Palantir Technologies, Inc.
Industry : Packaged Software

Option Information –

DEC’18 20 30.0C – 791 @ 2.25 were traded at 11:23:00 as a SWEEP Spot Price: 23.84
DEC’18 20 30.0C – 707 @ 2.25 were traded at 11:23:00 as a SWEEP Spot Price: 23.86

News –
No news for today

Sympathy Stocks for : PLTR

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This stock was also mentioned on Nov-06-2020 at a closing price of 13.83

Company Description for :PLTR

(‘PLTR’, ‘Palantir Technologies, Inc. operates as a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO.’)

What are your thoughts?

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