Unusual Option Activity for Oct-13-2020 SE, PDD

Daily Synopsis -

    • The S&P 500 ended -0.65% today while the NASDaq decreased by (-0.03%). The Russell 2000 closed lower by (-0.66%). The Dow ended in negative territory at (-0.6%)
    • The best performing sector was Communication Services(+0.1%) while Financials(-1.92%)was the worst performer.

    • That’s because JPMorgan said another fiscal relief package, which has been elusive, would simply improve the odds of better economic outcomes; Citigroup said it expects a somewhat more muted and slower recovery in both unemployment and GDP through 2022; and JNJ paused its COVID-19 vaccine trials due to an unexpected illness in a patient.
    • The S&P 500 fell to session lows (-0.9%) shortly after it was reported that Eli Lilly (LLY 150.08, -4.41, -2.9%) paused its antibody trial for safety reasons, but the benchmark index found support at the 3500 level.
    • For some perspective, the set-up wasn’t good for the banks or the market. The SPDR S&P Bank ETF (KBE 32.25, -0.95, -2.9%) was up 17.7% since Sept. 23, versus a 9.2% gain in the S&P 500, suggesting there might have been a sell-the-news mindset. The same could be said of Apple (AAPL 121.10, -3.30), which declined 2.7% after it rose more than 6% yesterday in front of today’s iPhone 12 event.
    • U.S. Treasuries ended the session with gains that caused some curve-flattening activity. The 2-yr yield declined one basis point to 0.15%, and the 10-yr yield declined five basis points to 0.73%. The U.S. Dollar Index gained 0.5% to 93.53. WTI crude futures increased 2.2%, or $0.85, to $40.19/bbl.

  • Looking ahead, investors will receive the Producer Price Index for September, the Fed Beige Book for September, and the weekly MBA Mortgage Applications Index on Wednesday.

Index Summary -

S&P 500 : (-0.65%); NasDaq : (-0.03%);
Russell 2000 :(-0.66%); Dow :(-0.6%);
Vix :25.07 (+3.99%); [-11.57%]; {-1.14%}

Sector Summary -

Three highest sectors for today were –
Communication Services: (+0.1%); Consumer Discretionary: (-0.02%); Consumer Staples: (-0.07%)
Three lowest sectors for today were –
Financials: (-1.92%); Real Estate: (-1.7%); Energy: (-1.55%)

Commodities/Futures -

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

Currency –
USD Index :93.104 (+0.46%); [-0.13%]; {-0.4%}
BC :11630 (-1.2%); [+4.88%]; {+8.91%}

Precious Metals –
Gold :1928.9 (-1.79%); [+0.31%]; {-0.31%}
Silver :25.271 (-4.24%); [+1.52%]; {+0.96%}

Farming –
Soybeans :1033.75 (+1.04%); [-0.52%]; {+2.33%}
Corn :389 (+0.64%); [+1.16%]; {+3.09%}
Coffee :109.15 (+0.82%); [-0.18%]; {+1.01%}

Industrials –
Crude :39.43 (+1.85%); [-2.5%]; {+8.39%}
Nat Gas :2.881 (-3.51%); [+5.82%]; {+14.03%}
Copper :3.064 (-0.72%); [0.0%]; {+2.13%}

Spac Corner -

*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.13%)
Top 5 Highest SPAC % Changes –
1. INSU- 11.94 0.63 (+5.57%); 52 week high :14.91
2. IPOB- 24.08 0.88 (+3.79%); 52 week high :24.33
3. FMCI- 25.18 0.91 (+3.75%); 52 week high :28.64
4. PCPL- 10.53 0.33 (+3.23%); 52 week high :11.29
5. BCTG- 10.25 0.15 (+1.49%); 52 week high :10.88
Top 5 Lowest SPAC % Changes –
1. LGVW- 9.34 -0.48 (-4.89%); 52 week high :10.16
2. FVAC- 13.66 -0.66 (-4.61%); 52 week high :16.41
3. SBE- 14.42 -0.63 (-4.19%); 52 week high :16.45
4. KCAC- 15.1 -0.6 (-3.82%); 52 week high :25.75
5. HCCH- 11.41 -0.43 (-3.63%); 52 week high :13.4
Top 5 Spacs by Volume –

1. CCX- 10.0 -0.2 (-1.96%); Volume :11,789,120; ADV:410,089
2. DPHC- 25.56 0.37 (+1.47%); Volume :5,220,374; ADV:4,485,865
3. SPAQ- 14.16 0.03 (+0.21%); Volume :3,145,234; ADV:8,123,557
4. IPOB- 24.08 0.88 (+3.79%); Volume :2,772,463; ADV:4,896,724
5. HYAC- 10.005 -0.005 (-0.05%); Volume :2,579,994; ADV:427,536
Top 5 Spacs Trading Above ADV –

1. CCX- 10.0 -0.2 (-1.96%); ADV:410,089: Multiple of ADV:28.75
2. RPLA- 10.1 -0.12 (-1.17%); ADV:56,276: Multiple of ADV:25.71
3. GIK- 9.98 0.08 (+0.81%); ADV:36,722: Multiple of ADV:13.44
4. AMCI- 10.235 -0.075 (-0.73%); ADV:167,894: Multiple of ADV:11.85
5. HYAC- 10.005 -0.005 (-0.05%); ADV:427,536: Multiple of ADV:6.03

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. IGIB 4 buys totaling 5,592,748 shares. Average Price : 61.02, Cost : $341,272,453
2. IGLB 1 buys totaling 1,357,925 shares. Average Price : 70.92, Cost : $96,304,041
3.T 4 buys totaling 2,612,254 shares. Average Price : 27.76, Cost : $72,501,298
4.JD 3 buys totaling 852,404 shares. Average Price : 83.02, Cost : $70,850,057
5. BGNE 1 buys totaling 198,693 shares. Average Price : 306.0, Cost : $60,800,058

Options Fast Facts -

CBOE Put/Call Ratio – 0.41
Highest Multiple Over Daily Average – VNQ with 17x the ADV of 3195. There were 896 calls and 54499 puts.
Ticker with Most Contracts –WKHS with 340113 contracts traded today with an AVD of 134100. There were 230122 calls and 109991 puts.
Largest Put / Call Ratio – VNQ with a 61 P/C ratio. There were 54499puts and 896 calls.
Largest Call / Put Ratio – DKS with a39 C/P ratio. There were 12521 calls and 321 puts.
*Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

CLDR 11.88 +0.01,(+0.08%)
NET 59.73 +2.72,(+4.77%)
BABA 308.78 +2.44,(+0.8%)
WKHS 23.62 -2.96,(-11.14%)

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:SE 172.4,5.22(+3.12%) Earnings: 2020-11-18

Name :Sea Ltd. (Singapore)

Industry : Internet Software/Services

Option Information –

OCT’30 20 182.5C – 500 @ 2.85 were traded at 10:07:00 as a BLOCK Spot Price: 167.81

News –

2020-10-13 11:05:00:Goldman Sachs says buy these 35 stocks for big gains right now as they offer double-digit sales growth and explosive margin expansion

Summary List Placement After a dismal drop in the second quarter, market participants can expect third-quarter earnings results — and any sign of profit recovery — to be under the microscope. “Earnings season kicks off next week and will provide investors with another look at the impact of COVID-19 on S&P 500 fundamentals,” said David Kostin , the chief US equity strategist at Goldman Sachs . “During the quarter, the Goldman Sachs equity analyst US re-opening scale averaged between 4 and 5 on a continuum between 1 (lockdown) and 10 (fully re-opened).” According to Goldman’s analysts, the US economy is chugging along at about 50% capacity. As one would expect, that’s going to have a big impact on earnings. “The consequences of the semi-frozen economy on an uneven road to recovery will be visible in 3Q results,” Kostin said. “Consensus expects 3Q S&P 500 EPS will decline by 21% on a year/year basis, following a 32% drop in 2Q and a 15% fall in 1Q. He continued: “Including the anticipated 14% fall in 4Q, our full-year 2020 EPS estimate of $130 reflects a 21% year/year decline from the 2019 level.” Kostin’s mention of an “uneven road to recovery” is worth noting.

2020-10-13 08:29:50:3 Stocks Set to Soar if Trump Wins Re-Election

If Donald Trump wins re-election, then energy stocks like Enbridge Inc (TSX:ENB)(NYSE:ENB) could have upside. The post 3 Stocks Set to Soar if Trump Wins Re-Election appeared first on The Motley Fool Canada .

Sympathy Stocks for :SE

WMB, EPD, ENB, SRE

This stock was also mentioned on Oct-06-2020 at a closing price of nan

Company Description for :SE

(‘SE’, ‘Sea Ltd. (Singapore) is an internet and mobile platform company. The firm engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce and Digital Financial Services. The Digital Entertainment segment offers access to game-related content through game forums, group voice chat, live streaming, and other user socializing functions on the Garena mobile app and desktop application. The E-Commerce segment manages third-party marketplace through Shopee mobile app and websites that connects buyers and sellers. The Digital Financial Services segment includes financial services to individuals and businesses, including e-wallet and payment services through the AirPay mobile app and AirPay counter applications on mobile phones or computers. The company was founded by Xiao Dong Li, Gang Ye and Jing Ye Chen on May 8, 2009 and is headquartered in Singapore.’)

Second Classic Unusual Options Activity Pick -

Ticker:PDD 84.66,-0.06(-0.07%) Earnings: 2020-11-18

Name :Pinduoduo, Inc.

Industry : Internet Retail

Option Information –

OCT’30 20 91.0C – 1,719 @ 1.68 were traded at 10:33:00 as a BLOCK Spot Price: 83.27

News –
No news for today

 

 

Sympathy Stocks for :PDD

(‘QRTEA’, ‘PXHI’, ‘PTS-CT’, ‘PRTS’)

Company Description for :PDD

(‘PDD’, ‘Pinduoduo, Inc. operates as a holding company, which engages in the development and management of an e-commerce platform. Its Pinduoduo mobile application offers a selection of merchandise for buyer acquisition and engagement. The company was founded by Hua Lin Cai and Zheng Huang on April 20, 2015 and is headquartered in Shanghai, China.’)

What are your thoughts?