Unusual Option Activity for Oct-07-2020 CNP, FSLY

Daily Synopsis -

  • The S&P 500 increased +1.74% today while the NASDaq added (+1.8%). The Russell 2000 rose by (+2.18%). The Dow ended in positive territory at (+1.87%)
  • All sectors ended in positive territory today. The best performing sector was Materials(+2.57%) while Real Estate(+0.27%)was the worst performer.
  • Inside the communication services sector (+0.9%), Netflix (NFLX 534.66, +28.79, +5.7%) rallied nearly 6% after Pivotal Research Group raised its price target on the stock to a Street-high $650 from $600. Facebook (FB 258.12, -0.54, -0.2%) was excluded from today’s gains amid antitrust concerns stemming from a report from the House antitrust committee.
  • Essentially, today was a reset to yesterday’s highs before President Trump upset the market with tweets. The S&P 500 closed back above its ascending 50-day moving average (3372).
  • Separately, the FOMC Minutes for the Sept. 15-16 meeting provided no surprises. Fed officials expressed concerns regarding a recovery if there is no more fiscal stimulus and remained in agreement that the current environment is disinflationary.
  • Looking ahead, investors will receive the weekly MBA Mortgage Applications Index and the NFIB Small Business Optimism Index for September on Thursday.

Index Summary -

S&P 500 : (+1.74%); NasDaq : (+1.8%);
Russell 2000 :(+2.18%); Dow :(+1.87%);
Vix :29.48 (-4.82%); [+6.41%]; {-1.58%}

Sector Summary -

Three highest sectors for today were –
Materials: (+2.57%); Consumer Discretionary: (+2.29%); Industrials: (+2.21%)
Three lowest sectors for today were –
Real Estate: (+0.27%); Utilities: (+0.61%); Communication Services: (+0.73%)

Commodities/Futures -

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

Currency –
USD Index :93.744 (-0.07%); [-0.25%]; {-0.66%}
BC :10630 (+0.94%); [+1.71%]; {-2.1%}

Precious Metals –
Gold :1908.8 (-0.87%); [-0.43%]; {+1.03%}
Silver :23.921 (-0.05%); [-0.25%]; {+1.62%}

Farming –
Soybeans :1044 (+0.53%); [+2.82%]; {+5.35%}
Corn :385 (+1.1%); [+2.5%]; {+6.13%}
Coffee :107.65 (+1.76%); [+0.55%]; {0.0%}

Industrials –
Crude :40.67 (-1.65%); [+7.96%]; {-1.48%}
Nat Gas :2.52 (+2.58%); [+6.03%]; {+23.04%}
Copper :2.9635 (+2.24%); [+1.73%]; {+1.35%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.04%)
Top 5 Highest SPAC % Changes –
1. IPOB- 17.57 1.22 (+7.46%); 52 week high :19.47
2. FMCI- 22.1 1.04 (+4.94%); 52 week high :28.64
3. TRNE- 10.75 0.25 (+2.38%); 52 week high :12.99
4. NFIN- 10.69 0.24 (+2.3%); 52 week high :11.39
5. HCCH- 11.605 0.185 (+1.62%); 52 week high :13.4
Top 5 Lowest SPAC % Changes –
1. ARYA- 10.3 -0.46 (-4.28%); 52 week high :11.84
2. IPOC- 10.7 -0.27 (-2.46%); 52 week high :13.35
3. PIC- 10.37 -0.26 (-2.45%); 52 week high :14.0
4. SPAQ- 13.7 -0.2 (-1.44%); 52 week high :21.6
5. SBE- 13.71 -0.19 (-1.37%); 52 week high :16.45
Top 5 Spacs by Volume –

1. IPOC- 10.7 -0.27 (-2.46%); Volume :8,052,632; ADV:2,136,589
2. SRAC- 10.23 -0.06 (-0.58%); Volume :7,913,115; ADV:141,552
3. SPAQ- 13.7 -0.2 (-1.44%); Volume :3,895,155; ADV:8,382,211
4. NFIN- 10.69 0.24 (+2.3%); Volume :2,950,937; ADV:626,514
5. SBE- 13.71 -0.19 (-1.37%); Volume :2,720,612; ADV:2,763,805
Top 5 Spacs Trading Above ADV –

1. SRAC- 10.23 -0.06 (-0.58%); ADV:141,552: Multiple of ADV:55.9
2. CIIC- 10.03 0.0 (0.0%); ADV:66,228: Multiple of ADV:12.67
3. ROCH- 9.9 0.01 (+0.1%); ADV:21,346: Multiple of ADV:10.18
4. ORSN- 10.18 0.0 (0.0%); ADV:1,986: Multiple of ADV:8.14
5. ACND- 9.865 -0.075 (-0.76%); ADV:79,530: Multiple of ADV:7.18

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. BA 2 buys totaling 1,100,000 shares. Average Price : 164.0, Cost : $180,400,000
2. BABA 3 buys totaling 555,000 shares. Average Price : 297.04, Cost : $164,860,008
3.TSLA 2 buys totaling 305,200 shares. Average Price : 427.74, Cost : $130,547,781
4.RP 10 buys totaling 1,738,000 shares. Average Price : 58.85, Cost : $102,307,552
5. ELAN 6 buys totaling 3,152,051 shares. Average Price : 31.79, Cost : $100,426,246

Options Fast Facts -

CBOE Put/Call Ratio – 0.46
Highest Multiple Over Daily Average – LEVI with 12x the ADV of 3015. There were 26011 calls and 9385 puts.
Ticker with Most Contracts –BA with 586149 contracts traded today with an AVD of 284277. There were 355384 calls and 230765 puts.
Largest Put / Call Ratio – AMX with a 231 P/C ratio. There were 10176puts and 44 calls.
Largest Call / Put Ratio – ESI with a2632 C/P ratio. There were 13161 calls and 5 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

BE 21.63 +2.1,(+10.75%)
SE 167.42 +3.98,(+2.44%)
TSM 86.92 +3.8,(+4.57%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:CNP 20.65,0.08(+0.39%) Earnings: 2020-11-05

Name :CenterPoint Energy, Inc. Special Considerations :

Industry : Utilities Sector : Electric Utilities
Option Information –

Today’s Option Volume: 20929; OptionOI: 155047

Multiple of ADV: 14; ADV: 1493

Total Calls: 20587; Total Puts: 342

Calls at Ask: 1.9%; Calls at Bid: 1.2%

Puts at Ask: 28.6%; Puts at Bid: 50.3%

C/P Ratio: 60

Noteable Strikes

OCT 30 ’20 20.5C had 10019 VLM and 10013 OI.

NOV 20 ’20 21.0C had 10092 VLM and 3199 OI.

News

No news for today

Potential Sympathy Stocks

D, OGE, SRE, OKE

Impression

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

Company Description for :CNP

CenterPoint Energy, Inc. is a holding company, which engages in the business of power generation and distribution. It operates through the following segments: Houston Electric Transmission & Distribution (T&D); Indiana Electric Integrated; Natural Gas Distribution; Energy Services; Infrastructure Services; Midstream Investments; and Corporate and Other. The Electric T&D segment offers electric transmission and distribution services. The Indiana Electric Integrated segment includes energy delivery services to electric customers and electric generation assets to serve electric customers and optimize those assets in the wholesale power market. The Natural Gas Distribution segment provides regulated natural gas distribution services. The Energy Services segment offers non-rate regulated natural gas sales to, and transportation and storage services, for commercial and industrial customers. The Infrastructure Services segment focuses on underground pipeline construction and repair services. The Midstream Investments segment consist of the equity method investment in Enable. The Other Operations segment comprises office buildings and other real estate used for business operations and home repair protection plans. The company was founded in 1866 and is headquartered in Houston, TX.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:FSLY 120.33,19.92(+19.84%) Earnings: 2020-11-05

Name :Fastly, Inc.

Industry : Information Technology Services

Option Information –

OCT’30 20 130.0C – 300 @ 5.70 were traded at 13:08:00 as a BLOCK Spot Price: s

News –

No news for today

Sympathy Stocks for :FSLY

PMOZ, PLUS, PING, PRFT

Company Description for :FSLY

(‘FSLY’, ‘Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.’)

Second Classic Unusual Options Activity Pick -

What are your thoughts?