Unusual Option Activity for Nov-25-2020 JMIA, GME

Daily Synopsis -

    • The S&P 500 -0.15% today while the NASDaq had a small gain of (+0.67%). The Russell 2000 closed lower by (-0.34%). The Dow ended in negative territory at (-0.56%)
    • The best performing sector was Utilities(+0.27%) while Energy(-2.33%)was the worst performer.
    • Among the data that was dumped to investors before Thanksgiving Day, two reports stood out: weekly initial claims were higher than expected at 778,000 (consensus 735,000), and the pace of October new home sales was better than expected at 999,000 units (consensus 977,000).
    • Separately, the FOMC Minutes for the November meeting indicated that participants were debating ways to enhance guidance for asset purchases. The current pace of purchases remained appropriate.
    • In corporate news, The Wall Street Journal reported that Salesforce (CRM 246.82, -14.02, -5.4%) has been in talks to acquire Slack (WORK 40.70, +11.12, +37.6%), which sent CRM shares down 5% and WORK shares up 38%. Gap (GPS 21.60, -5.27, -19.6%) shares plunged 20% following its earnings report.
    • Looking ahead, there will be no economic data released on Friday. The market will be closed for Thanksgiving Day on Thursday.
Index Summary / Sector Summary -

S&P 500 : (-0.15%); NasDaq : (+0.67%);
Russell 2000 :(-0.34%); Dow :(-0.56%);
Vix :21.64 (-1.8%); [-10.86%]; {-16.17%}
Three highest sectors for today were –
Utilities: (+0.27%); Real Estate: (+0.24%); Information Technology: (+0.21%)
Three lowest sectors for today were –
Energy: (-2.33%); Materials: (-1.04%); Industrials: (-0.76%)

Anticipated Earnings this Week -

Earnings info Monday –
No Earnings
Earnings info Tuesday –
JWN 27.41 +2.86,(+11.65%)
ICLK 7.25 +0.58,(+8.7%)
ADSK 270.93 +11.96,(+4.62%)
PLAN 70.32 +3.1,(+4.61%)
AEO 18.49 +0.7,(+3.94%)
HPQ 22.25 +0.5,(+2.3%)
AMWD 91.48 +1.86,(+2.08%)
DKS 60.06 +1.07,(+1.81%)
CMCM 2.0 +0.03,(+1.52%)
BBY 113.9 +0.36,(+0.32%)

Earnings info Wednesday –
DE 256.43 -5.08,(-1.94%)

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

Commodities/Futures -

Top 5 Highest Commodity % Changes –
1. Oats,(O) 303.75 +16.5 (5.43%)
2. Brent Crude,(LCO) 47.86 +1.8 (3.76%)
3. Coffee,(KC) 117.5 +4.35 (3.7%)
4. Natural Gas,(NG) 2.775 +0.06 (2.31%)
5. Wheat,(W) 617.5 +13.0 (2.11%)

Top 5 Lowest Commodity % Changes –
1. Lumber,(LB) 600.5 -17.9 (-2.98%)
2. Cotton,(CT) 72.98 -0.82 (-1.12%)
3. Nickel,(NICKEL) 16080.0 -170.0 (-1.06%)
4. Aluminum,(MALTR) 1967.75 -18.75 (-0.95%)
5. Sugar,(SB) 15.04 -0.11 (-0.73%)

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (1.43%)
Top 5 Highest SPAC % Changes –
1. NBAC- 22.24 10.28 (+85.95%); 52 week high :22.74
2. RMG- 14.09 2.21 (+18.6%); 52 week high :14.48
3. NGA- 12.74 1.32 (+11.56%); 52 week high :13.71
4. SRAC- 11.795 1.045 (+9.72%); 52 week high :11.87
5. IPOB- 20.43 1.68 (+8.96%); 52 week high :27.0

Top 5 Lowest SPAC % Changes –
1. SBE- 34.94 -1.94 (-5.26%); 52 week high :42.3
2. CIIC- 25.83 -1.34 (-4.93%); 52 week high :33.5
3. SMMC- 12.63 -0.25 (-1.94%); 52 week high :13.47
4. MFAC- 10.49 -0.17 (-1.59%); 52 week high :12.99
5. SCVX- 10.05 -0.13 (-1.28%); 52 week high :12.37

Top 5 Spacs by Volume –
1. NBAC- 22.24 10.28 (+85.95%); Volume :23,907,892; ADV:346,668
2. SBE- 34.94 -1.94 (-5.26%); Volume :11,867,294; ADV:4,611,175
3. LCA- 17.74 1.37 (+8.37%); Volume :11,179,782; ADV:1,392,881
4. LGVW- 17.37 1.12 (+6.89%); Volume :10,609,505; ADV:1,957,434
5. RMG- 14.09 2.21 (+18.6%); Volume :8,915,711; ADV:969,761

Top 5 Spacs Trading Above ADV –
1. NBAC- 22.24 10.28 (+85.95%); ADV:346,668: Multiple of ADV:68.96
2. HPX- 9.78 -0.05 (-0.51%); ADV:29,855: Multiple of ADV:12.41
3. NGA- 12.74 1.32 (+11.56%); ADV:288,811: Multiple of ADV:11.48
4. APXT- 10.975 0.475 (+4.52%); ADV:635,556: Multiple of ADV:10.61
5. HZAC- 9.95 0.0 (0.0%); ADV:51,748: Multiple of ADV:9.29

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. PG 1 buys totaling 2,650,000 shares. Average Price : 138.66, Cost : $367,449,000
2. TSLA 2 buys totaling 510,000 shares. Average Price : 569.6, Cost : $290,562,000
3. HDS 6 buys totaling 2,756,374 shares. Average Price : 55.76, Cost : $153,695,242
4. AZN 8 buys totaling 2,016,000 shares. Average Price : 52.66, Cost : $106,130,180
5. COST 1 buys totaling 252,198 shares. Average Price : 386.35, Cost : $97,436,697

Options Fast Facts -

CBOE Put/Call Ratio – 0.38
Highest Multiple Over Daily Average – NWL with 14x the ADV of 3062. There were 41601 calls and 330 puts.
Ticker with Most Contracts –PLTR with 1482840 contracts traded today with an AVD of 232413. There were 1048939 calls and 433901 puts.
Largest Put / Call Ratio – XRT with a 11 P/C ratio. There were 52090puts and 4954 calls.
Largest Call / Put Ratio – COMM with a259 C/P ratio. There were 26942 calls and 104 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CLDR 11.57 +0.11,(+0.96%)
STM 37.98 +0.44,(+1.17%)
TSLA 573.87 +18.49,(+3.33%)
PLTR 29.05 +5.23,(+21.96%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:JMIA 37.61,7.21(+23.72%) Earnings: 2021-03-02
Name :Jumia Technologies AG
Industry : Internet Software/Services

Option Information –

DEC’18 20 45.0C – 2,399 @ 3.75 were traded at 11:59:00 as a BLOCK Spot Price: 36.31

News –

No news for today

Sympathy Stocks for : JMIA

PIKL, PERI, PINS, PWNX

This stock was mentioned twice on Oct-16-2020 and Oct-23-2020 at a closing price of 15.22and 17.87.

Company Description for :JMIA

(‘JMIA’, ‘Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets. The company was by Jeremy Hodara, Sacha Poignonnec, Peter Allerstorfer, Manuel Koser , Tunde Kehinde and Raphael Afaedor founded on June 26, 2012 and is headquartered in Berlin, Germany.’)

Second Classic Unusual Options Activity Pick -

Ticker:GME 14.75,1.08(+7.9%) Earnings: 2020-12-08
Name :GameStop Corp.
Industry : Electronics/Appliance Stores

Option Information –

DEC’18 20 17.0C – 1,513 @ 2.19 were traded at 15:10:00 as a SWEEP Spot Price: 14.99
DEC’18 20 17.0C – 1,924 @ 1.71 were traded at 15:06:00 as a SWEEP Spot Price: 14.79

News –
No news for today

Sympathy Stocks for : GME

BBY, AAPL, T

Company Description for :GME

(‘GME’, ‘GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, and Europe. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The company was founded by Daniel A. DeMatteo in June 2000 and is headquartered in Grapevine, TX.’)

What are your thoughts?

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