Unusual Option Activity for Oct-05-2020 DISH, LTHM, NFLX, GSX

Daily Synopsis

  • The S&P 500 increased +1.77% today while the NASDaq added (+2.18%). The Russell 2000 rose by (+2.76%). The Dow ended in positive territory at (+1.7%)
  • All sectors ended in positive territory today. The best performing sector was Energy(+3.0%) while Real Estate(+0.55%)was the worst performer.
  • The energy (+2.9%), information technology (+2.3%), and health care (+2.1%) sectors claimed today’s leadership positions with gains over 2.0%. The real estate sector underperformed with a 0.6% gain, but the rate-sensitive space had traded lower for most of the session amid the higher Treasury yields.
  • The 2-yr yield increased one basis point to 0.14%, while the 10-yr yield rose six basis points to 0.76% — its highest closing level since June. The U.S. Dollar Index fell 0.4% to 93.46.
  • Another positive factor for trading sentiment was the S&P 500 clearing its 50-day moving average (3365) at the open and never looking back the rest of the session. The benchmark index also topped the 3400 level for the first time since mid-September.
  • Looking ahead, investors will receive the Trade Balance report for August and the JOLTS – Job Openings report for August on Tuesday.

Index Summary -

S&P 500 : (+1.77%); NasDaq : (+2.18%);
Russell 2000 :(+2.76%); Dow :(+1.7%);
Vix :27.63 (+1.19%); [+6.76%]; {+4.1%}

Sector Summary -

Three highest sectors for today were –
Energy: (+3.0%); Information Technology: (+2.19%); Health Care: (+2.05%)
Three lowest sectors for today were –
Real Estate: (+0.55%); Consumer Staples: (+0.67%); Utilities: (+1.25%)

Commodities/Futures -

(1-day %), [5-day %], {10-day %}

Currency –
USD Index :93.909 (-0.46%); [-0.48%]; {-0.96%}
BC :10550 (+2.65%); [+0.56%]; {+1.5%}

Precious Metals –
Gold :1907.6 (+0.57%); [+1.64%]; {+2.69%}
Silver :24.029 (+1.98%); [+4.57%]; {+6.0%}

Farming –
Soybeans :1020.75 (+0.1%); [-0.17%]; {+2.17%}
Corn :379.75 (-0.07%); [+0.13%]; {+4.4%}
Coffee :108.95 (-0.78%); [-2.57%]; {-2.74%}

Industrials –
Crude :37.05 (+6.26%); [-2.11%]; {-2.33%}
Nat Gas :2.438 (+8.24%); [+4.43%]; {+17.39%}
Copper :2.9775 (-0.49%); [-2.16%]; {-0.2%}

Spac Corner
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price.

SPAC ETF : (-0.26%)
Top 5 Highest SPAC % Changes –
1. LSAC- 13.5 0.65 (+5.06%); 52 week high :14.72
2. CCXX- 10.35 0.45 (+4.54%); 52 week high :12.93
3. FSDC- 11.045 0.195 (+1.8%); 52 week high :12.6
4. DMYT- 11.92 0.18 (+1.53%); 52 week high :14.38
5. NFIN- 10.5 0.15 (+1.45%); 52 week high :11.39

Top 5 Lowest SPAC % Changes –
1. RMG- 10.37 -1.13 (-9.83%); 52 week high :11.88
2. KCAC- 14.95 -0.98 (-6.15%); 52 week high :25.75
3. NOVS- 10.8 -0.55 (-4.85%); 52 week high :12.99
4. INSU- 11.27 -0.4 (-3.43%); 52 week high :14.91
5. CCX- 10.24 -0.34 (-3.21%); 52 week high :11.99

Top 5 Spacs by Volume –

1. CCXX- 10.35 0.45 (+4.54%); Volume :8,428,291; ADV:1,998,296
2. RMG- 10.37 -1.13 (-9.83%); Volume :5,665,363; ADV:254,556
3. CCX- 10.24 -0.34 (-3.21%); Volume :3,695,919; ADV:204,602
4. SPAQ- 14.25 -0.1 (-0.7%); Volume :3,537,735; ADV:8,409,528
5. FEAC- 12.36 -0.03 (-0.24%); Volume :3,332,940; ADV:3,347,189

Top 5 Spacs Trading Above ADV –

1. LOAK- 10.25 0.0 (0.0%); ADV:88,283: Multiple of ADV:25.24
2. RMG- 10.37 -1.13 (-9.83%); ADV:254,556: Multiple of ADV:22.26
3. CCX- 10.24 -0.34 (-3.21%); ADV:204,602: Multiple of ADV:18.06
4. LIVK- 9.9 0.0 (0.0%); ADV:14,333: Multiple of ADV:13.0
5. CHPM- 10.06 0.0 (0.0%); ADV:88,299: Multiple of ADV:8.85

Dark Pool Summary -

Highest Dark Pool buys by rank –
1.
2.
3.
4.
5.

Options Fast Facts -

CBOE Put/Call Ratio – 0.54
Highest Multiple Over Daily Average – ACWI with 20x the ADV of 1317. There were 12409 calls and 14013 puts.
Ticker with Most Contracts –FXI with 194156 contracts traded today with an AVD of 78646. There were 61711 calls and 132445 puts.
Largest Put / Call Ratio – ARMK with a 152 P/C ratio. There were 10625puts and 70 calls.
Largest Call / Put Ratio – ACM with a214 C/P ratio. There were 20582 calls and 96 puts.

*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k
Yesterday's Picks -

SRNE 10.875 +0.495,(+4.77%)
ACMR 75.93 +2.93,(+4.01%)
GSX 94.71 +1.61,(+1.73%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:DISH 28.4,-0.15(-0.53%) Earnings: 2020-11-04
Name :DISH Network Corp. Special Considerations :
Industry : Consumer Services Sector : Cable/Satellite TV

Option Information –
Today’s Option Volume: 26225; OptionOI: 227737
Multiple of ADV: 5; ADV: 4817
Total Calls: 25041; Total Puts: 1184
Calls at Ask: 90.1%; Calls at Bid: 7.2%
Puts at Ask: 28.3%; Puts at Bid: 26.5%
C/P Ratio: 21

Noteable Strikes

JUN 18 ’21 40.0C had 4815 VLM and 113 OI.
JAN 21 ’22 60.0C had 17098 VLM and 1774 OI.

News

No news for today

Potential Sympathy Stocks

CMCSA, CHTR, NFLX, DIS

Impression

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

Company Description for :DISH

DISH Network Corp. is a holding company, which engages in the provision of pay-tv services. It operates through Pay-TV and Wireless segments. The Pay-TV segment operates under the DISH brand and Sling brand. The Wireless segment refers to the wireless spectrum licenses and related assets. The company was founded by Charles W. Ergen, Cantey W. Ergen and James DeFranco in 1980 and is headquartered in Englewood, CO.

 

Ticker:LTHM 11.29,1.73(+18.1%) Earnings: 2020-11-09
Name :Livent Corp. Special Considerations : None
Industry : Process Industries Sector : Chemicals: Specialty

Option Information –
Today’s Option Volume: 24601; OptionOI: 32677
Multiple of ADV: 14; ADV: 1776
Total Calls: 23161; Total Puts: 1440
Calls at Ask: 48.3%; Calls at Bid: 35.6%
Puts at Ask: 55.0%; Puts at Bid: 18.6%
C/P Ratio: 16

Noteable Strikes

OCT 16 ’20 12.5C had 5758 VLM and 1830 OI.
NOV 20 ’20 12.5C had 1625 VLM and 683 OI.
NOV 20 ’20 15.0C had 1146 VLM and 131 OI.
DEC 18 ’20 12.5C had 2293 VLM and 1244 OI.

News

No news for today

Potential Sympathy Stocks

QUIMPAC1-PE, TRTK, VHI, PQG

Impression

The Call Ask Percent looks good. The Multiple of ADV appears quite bullish. The Call/Put Ratio appears bullish.

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Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America; Europe, Middle East, and Africa; Latin America; and Asia Pacific. The company was founded on February 27, 2018 and is headquartered in Philadelphia, PA.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:NFLX 520.76,17.7(+3.52%) Earnings: 2020-10-20
Name :Netflix, Inc.
Industry : Cable/Satellite TV

Option Information –

OCT’23 20 555.0C – 206 @ 14.80 were traded at 10:03:00 as a SWEEP Spot Price: 513.04

News –

2020-10-05 14:16:59:Emmanuel André demande à Netflix de contribuer à la lutte contre le coronavirus: «Un accès gratuit à tous les jeunes»
L’ancien porte-parole interfédéral de la lutte contre le coronavirus, Emmanuel André, a demandé à Netflix d’offrir un accès gratuit aux jeunes pour les encourager à rester chez eux.
2020-10-05 11:34:55:Même sans « Emily in Paris », les clichés sur la France ont la vie dure
La série « Emily in Paris » mise en ligne sur Netflix vendredi multiplie les stéréotypes sur la France. « 20 Minutes » a contacté un Américain et une Américaine à

Sympathy Stocks for :NFLX

AMZN, GOOGL, BCE, FB

Company Description for :NFLX

(‘NFLX’, ‘Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.’)

Second Classic Unusual Options Activity Pick -

Ticker:GSX 94.71,1.61(+1.73%) Earnings: 2020-11-10
Name :GSX Techedu, Inc.
Industry : Internet Software/Services

Option Information –

OCT’16 20 105.0C – 1,000 @ 1.85 were traded at 13:21:00 as a BLOCK Spot Price: 94.39

News –
No news for today

Sympathy Stocks for :GSX

(‘WAFU’, ‘REDU’, ‘NEW’, ‘GSX’)

Company Description for :GSX

(‘GSX’, “GSX Techedu, Inc. is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company’s K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses. The company was founded by Xiang Dong Chen in June 2014 and is headquartered in Beijing, China.”)

2 comments

  1. R

    Love the new formatting, layout, and design!
    Great job for keeping this evolving!

    • TwentyThree.Five

      Thanks man! Unfortunately the website lay out will be a bit wonky for the next week or so, but I hope to eventually get all of the issues resolved.

What are your thoughts?