Unusual Option Activity for Oct-08-2020 MJ, MRVL, SPCE

• The S&P 500 eked out a gain of +0.89% today while the NASDaq had a small gain of (+0.56%). The Russell 2000 rose by (+1.14%). The Dow ended in positive territory at (+0.48%)
• All sectors ended in positive territory today. The best performing sector was Energy(+3.75%) while Health Care(+0.49%)was the worst performer.
• IBM (IBM 131.49, +7.42, +6.0%) and the semiconductor stocks kept the tech sector afloat. IBM rose 6% after announcing plans to spin off its IT infrastructure unit, so it could focus on its hybrid cloud growth strategy. Taiwan Semiconductor (TSM 87.80, +0.88, +1.0%) sparked buying interest in the chip space after reporting strong revenue growth in September.
• The Philadelphia Semiconductor Index rose 1.2% and got an added boost from On Semiconductor (ON 26.04, +2.69, +11.5%) after Starboard Value added the stock to its portfolio.
• In other positive developments, crude prices ($41.18/bbl, +$1.22, +3.1%) rose 3%, Regeneron (REGN 599.88, +8.19, +1.4%) requested emergency use authorization for its COVID-19 antibody therapy, and Boeing (BA 168.00, +3.39, +2.1%) was reported to be in talks with Alaska Airlines (ALK 38.63, +1.61, +4.4%) for a potential 737 Max order.
• U.S. Treasuries edged higher in a steady advance despite the gains in equities, which meant yields moved lower. The 2-yr yield decline two basis points to 0.13%, and the 10-yr yield declined two basis points to 0.77%. The U.S. Dollar Index finished little changed at 93.59.
• Looking ahead, investors will receive Wholesale Inventories for August on Friday.

S&P 500 : (+0.89%); NasDaq : (+0.56%);
Russell 2000 :(+1.14%); Dow :(+0.48%);
Vix :28.06 (-6.06%); [-1.27%]; {-0.08%}

Three highest sectors for today were –
Energy: (+3.75%); Utilities: (+1.83%); Real Estate: (+1.68%)
Three lowest sectors for today were –
Health Care: (+0.49%); Information Technology: (+0.52%); Consumer Discretionary: (+0.66%)

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

Currency –
USD Index :93.678 (-0.09%); [+0.05%]; {-0.35%}
BC :10955 (+0.27%); [+1.57%]; {+1.57%}

Precious Metals –
Gold :1895.1 (+0.22%); [-0.7%]; {+0.26%}
Silver :23.876 (+0.48%); [-2.08%]; {-1.6%}

Farming –
Soybeans :1050 (+0.07%); [+2.86%]; {+5.82%}
Corn :387 (+0.06%); [+2.04%]; {+6.17%}
Coffee :109.6 (+0.73%); [+2.99%]; {+0.78%}

Industrials –
Crude :41.19 (+0.46%); [+5.51%]; {+5.32%}
Nat Gas :2.627 (+0.42%); [+0.88%]; {+3.01%}
Copper :3.042 (0.0%); [+2.6%]; {+1.96%}

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.25%)
Top 5 Highest SPAC % Changes –
1. FMCI- 24.32 2.16 (+9.75%); 52 week high :28.64
2. SBE- 14.72 1.01 (+7.37%); 52 week high :16.45
3. IPOB- 18.78 1.21 (+6.89%); 52 week high :19.47
4. NFIN- 11.15 0.51 (+4.79%); 52 week high :11.39
5. FEAC- 12.49 0.49 (+4.08%); 52 week high :14.7
Top 5 Lowest SPAC % Changes –
1. DPHC- 20.51 -1.1 (-5.09%); 52 week high :31.8
2. CCXX- 9.84 -0.41 (-4.0%); 52 week high :12.93
3. INSU- 10.76 -0.34 (-3.06%); 52 week high :14.91
4. PTAC- 10.27 -0.21 (-2.0%); 52 week high :11.77
5. HCCH- 11.505 -0.195 (-1.67%); 52 week high :13.4
Top 5 Spacs by Volume –

1. IPOC- 10.6 -0.1 (-0.94%); Volume :5,219,970; ADV:2,388,691
2. SBE- 14.72 1.01 (+7.37%); Volume :4,931,869; ADV:2,853,550
3. CCXX- 9.84 -0.41 (-4.0%); Volume :4,829,874; ADV:2,049,294
4. FTAC- 10.245 -0.005 (-0.05%); Volume :4,188,702; ADV:899,060
5. IPOB- 18.78 1.21 (+6.89%); Volume :3,225,288; ADV:4,421,397
Top 5 Spacs Trading Above ADV –

1. CIIC- 9.99 0.0 (0.0%); ADV:94,187: Multiple of ADV:19.94
2. SMMC- 10.3 0.0 (0.0%); ADV:71,066: Multiple of ADV:8.28
3. THBR- 10.1 -0.06 (-0.59%); ADV:156,484: Multiple of ADV:6.6
4. SRAC- 10.55 0.26 (+2.53%); ADV:407,695: Multiple of ADV:5.9
5. HYAC- 10.09 0.07 (+0.7%); ADV:352,703: Multiple of ADV:5.53

Highest Dark Pool buys by rank –
1. TSLA 3 buys totaling 800,500 shares. Average Price : 433.04, Cost : $347,224,677
2. BABA 3 buys totaling 598,000 shares. Average Price : 300.54, Cost : $179,722,206
3.JPM 1 buys totaling 1,702,057 shares. Average Price : 100.48, Cost : $171,022,687
4.CMCSA 1 buys totaling 2,549,061 shares. Average Price : 45.1, Cost : $114,962,651
5. CSCO 1 buys totaling 2,709,634 shares. Average Price : 39.8, Cost : $107,843,433

CBOE Put/Call Ratio – 0.39
Highest Multiple Over Daily Average – JMIA with 12x the ADV of 7898. There were 85280 calls and 11756 puts.
Ticker with Most Contracts –GME with 381459 contracts traded today with an AVD of 60625. There were 206617 calls and 174842 puts.
Largest Put / Call Ratio – LQD with a 49 P/C ratio. There were 62056puts and 1258 calls.
Largest Call / Put Ratio – AES with a 213 C/P ratio. There were 37142 calls and 174 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

CNP 21.32 +0.67,(+3.25%)
FSLY 115.72 -4.61,(-3.83%)

You can find yesterday’s post here.