Unusual Option Activity for Oct-16-2020 JMIA, TEAM, FSLY, HA

Daily Synopsis -

  • The S&P 500 -0.06% today while the NASDaq decreased by (-0.62%). The Russell 2000 closed lower by (-0.25%). The Dow ended in positive territory at (+0.33%)
  • The best performing sector was Utilities(+1.07%) while Energy(-2.27%)was the worst performer.
  • The energy sector (-2.3%) and Dow Jones Transportation Average (-1.3%) were consistent laggards today amid disappointing reactions to mixed earnings reports from Schlumberger (SLB 14.97, -1.45, -8.8%), J.B. Hunt Transport (JBHT 128.04, -13.80, -9.7%), and Kansas City Southern (KSU 179.01, -5.00, -2.7%).
  • The weakness in the transportation space was mitigated in the industrials sector (+0.7%) by nice gains in Boeing (BA 167.35, +3.11, +1.9%) and Caterpillar (CAT 168.75, +3.71, +2.3%). Boeing’s 737 MAX was deemed safe to fly by EU regulators, and CAT was upgraded to Overweight from Equal Weight at Wells Fargo.
  • Evidently, the session was mixed with conflicting trading narratives that made it hard to identify a clear theme. It was a stock picker’s kind of day and certainly one for options traders amid monthly options expiration activity.
  • Looking ahead, investors will receive the NAHB Housing Market Index for October on Monday.

Index Summary -

S&P 500 : (-0.06%); NasDaq : (-0.62%);
Russell 2000 :(-0.25%); Dow :(+0.33%);
Vix :26.97 (+1.63%); [+9.64%]; {-1.97%}

Sector Summary -

Three highest sectors for today were –
Utilities: (+1.07%); Health Care: (+0.99%); Industrials: (+0.73%)
Three lowest sectors for today were –
Energy: (-2.27%); Consumer Discretionary: (-0.91%); Real Estate: (-0.36%)

Commodities/Futures -

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

Currency –
USD Index :93.864 (-0.17%); [+0.65%]; {-0.04%}
BC :11595 (-2.16%); [-2.45%]; {+6.73%}

Precious Metals –
Gold :1908.9 (-0.32%); [-1.03%]; {+0.08%}
Silver :24.224 (+0.11%); [-3.88%]; {+1.59%}

Farming –
Soybeans :1062.25 (-1.08%); [+1.64%]; {+0.65%}
Corn :403.75 (-0.31%); [+3.47%]; {+4.55%}
Coffee :109.5 (-2.37%); [-2.06%]; {-0.7%}

Industrials –
Crude :40.96 (-0.46%); [+3.4%]; {+0.25%}
Nat Gas :2.775 (-2.52%); [-6.11%]; {+7.34%}
Copper :3.0855 (-0.96%); [-0.16%]; {+3.05%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.23%)
Top 5 Highest SPAC % Changes –
1. LOAK- 11.65 0.75 (+6.88%); 52 week high :11.94
2. DMYT- 13.26 0.85 (+6.85%); 52 week high :14.38
3. LCA- 14.07 0.82 (+6.19%); 52 week high :19.28
4. NFIN- 12.65 0.42 (+3.43%); 52 week high :12.89
5. FTAC- 11.37 0.37 (+3.36%); 52 week high :12.25
Top 5 Lowest SPAC % Changes –
1. IPOB- 22.91 -1.02 (-4.26%); 52 week high :27.0
2. SPAQ- 13.42 -0.56 (-4.01%); 52 week high :21.6
3. INSU- 11.66 -0.32 (-2.67%); 52 week high :14.91
4. HCCH- 12.0 -0.28 (-2.28%); 52 week high :13.4
5. FSDC- 10.49 -0.21 (-1.96%); 52 week high :12.6
Top 5 Spacs by Volume –

1. SPAQ- 13.42 -0.56 (-4.01%); Volume :5,438,836; ADV:7,850,931
2. IPOC- 10.68 0.21 (+2.01%); Volume :4,716,505; ADV:3,061,233
3. GHIV- 10.01 0.0 (0.0%); Volume :2,859,572; ADV:829,854
4. IPOB- 22.91 -1.02 (-4.26%); Volume :2,849,566; ADV:5,333,870
5. SBE- 15.21 0.07 (+0.46%); Volume :2,499,414; ADV:3,285,026
Top 5 Spacs Trading Above ADV –

1. ORSN- 10.18 0.0 (0.0%); ADV:20,764: Multiple of ADV:19.01
2. KBLM- 10.96 0.0 (0.0%); ADV:1,774: Multiple of ADV:17.1
3. FSRV- 9.98 0.0 (0.0%); ADV:74,616: Multiple of ADV:12.4
4. PCPL- 10.44 0.21 (+2.05%); ADV:265,909: Multiple of ADV:7.89
5. PTAC- 10.805 0.345 (+3.3%); ADV:206,414: Multiple of ADV:7.19

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. BA 2 buys totaling 2,180,000 shares. Average Price : 168.95, Cost : $368,270,000
2. MSFT 4 buys totaling 848,000 shares. Average Price : 221.1, Cost : $187,494,570
3.PYPL 2 buys totaling 835,800 shares. Average Price : 207.0, Cost : $173,010,600
4.GSX 1 buys totaling 1,200,000 shares. Average Price : 106.45, Cost : $127,740,000
5. MU 1 buys totaling 2,000,000 shares. Average Price : 52.48, Cost : $104,960,000

Options Fast Facts -

CBOE Put/Call Ratio – 0.81
Highest Multiple Over Daily Average – FLEX with 23x the ADV of 1823. There were 38909 calls and 2387 puts.
Ticker with Most Contracts –PTON with 359731 contracts traded today with an AVD of 165534. There were 197672 calls and 162059 puts.
Largest Put / Call Ratio – VNQ with a 61 P/C ratio. There were 40130puts and 653 calls.
Largest Call / Put Ratio – DISCK with a422 C/P ratio. There were 20699 calls and 49 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

COF 79.22 +0.67,(+0.85%)
FEYE 14.105 -0.195,(-1.36%)
PINS 44.06 +0.41,(+0.94%)
SNAP 27.83 -0.23,(-0.82%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:JMIA 15.22,2.31(+17.89%) Earnings: 2020-11-17

Name :Jumia Technologies AG Special Considerations :

Industry : Technology Services Sector : Internet Software/Services
Option Information –

Today’s Option Volume: 128368; OptionOI: 221773

Multiple of ADV: 5; ADV: 24091

Total Calls: 112001; Total Puts: 16367

Calls at Ask: 47.2%; Calls at Bid: 27.4%

Puts at Ask: 24.2%; Puts at Bid: 50.7%

C/P Ratio: 7

Noteable Strikes

OCT 16 ’20 14.0C had 6969 VLM and 5216 OI.
OCT 16 ’20 15.0C had 18354 VLM and 5079 OI.
NOV 20 ’20 10.0C had 6432 VLM and 5273 OI.
NOV 20 ’20 12.0C had 5382 VLM and 3726 OI.

News

2020-10-16 12:00:03:Jumia Technologies and AMC Entertainment among consumer gainers; Nikola among losers

Gainers: Summer Infant (NASDAQ:SUMR) +23%. Jumia Technologies (NYSE:JMIA) +16%. AMC Entertainment Holdings (NYSE:AMC) +15%. Forward Industries (NASDAQ:FORD

2020-10-16 08:09:00:The founder of an ETF trouncing 99% of competitors explains how industry pioneer Burton Malkiel taught him how to invest in emerging markets — and shares 5 stock picks he loves right now

Summary List Placement Kevin Carter’s first exposure to emerging markets investing was not during a trip overseas but on Google’s Mountain View campus in California. Carter, who co-founded direct indexing company Active Index Advisors with Princeton economist Burton Malkiel in 2002, had just taken on some Google engineers as clients after its initial public offering in August 2004. Meanwhile, Malkiel was going back and forth between the US and China. He had recently co-authored a white paper on investment strategies to exploit the economic growth in China. The Google engineers caught wind of Malkiel’s latest work and invited both of them for a talk. “On April 19, 2005. Burton and I drove down to Mountain View in the morning and Burton gave a talk about investing in China,” Carter recalled. “And all these guys at Google looked at me and said we want to invest in China after the talk.” He added: “Pretty much from the moment that talk ended until today, my entire investment and professional life have been focused on what does that even mean to invest in China and how on earth would you do that.” Fifteen years later, it appears that Carter has figured it out.

Potential Sympathy Stocks

PIKL, PERI, PINS, PWNX

Impression

The Call Ask Percent looks good. I wish the Multiple of ADV was a little higher. The C/P ratio is decent..

Company Description for :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 Momentum Stock Pick

Ticker:TEAM 207.32,16.39(+8.58%) Earnings: 2020-10-29

Name :Atlassian Corp. Plc Special Considerations : 52WkHigh

Industry : Technology Services Sector : Packaged Software
Option Information –

Today’s Option Volume: 43941; OptionOI: 132551

Multiple of ADV: 8; ADV: 5717

Total Calls: 34842; Total Puts: 9099

Calls at Ask: 45.0%; Calls at Bid: 26.4%

Puts at Ask: 16.9%; Puts at Bid: 59.3%

C/P Ratio: 4

Noteable Strikes

OCT 16 ’20 200.0C had 3072 VLM and 598 OI.

OCT 16 ’20 205.0C had 1699.0 VLM and 3002 OI.

OCT 23 ’20 200.0C had 2215 VLM and 271 OI.

OCT 23 ’20 210.0C had 1905 VLM and 52 OI.

News

No news for today

Potential Sympathy Stocks

PPPS, PPRG, PPMH, PPJE

Impression

The Call Ask Percent looks good. The Multiple of ADV is okay. I’d like the C/P ratio to be higher.

Company Description for :TEAM

Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in Sydney, Australia.

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:FSLY 84.67,-5.03(-5.61%) Earnings: 2020-10-28

Name :Fastly, Inc.

Industry : Information Technology Services

Option Information –

OCT’30 20 102.0C – 550 @ 3.90 were traded at 10:22:00 as a SPLIT Spot Price: 87.17

OCT’30 20 106.0C – 650 @ 2.25 were traded at 15:20:00 as a BLOCK Spot Price: 84.36

News –

2020-10-16 13:29:55:Cathie Wood’s Internet ETF Sells Some Tesla, Xilinx, Buys The Dip In Fastly

One of the top-performing ETFs of the year bought the dip in Fastly Thursday. What Happened: After pre-announcing third quarter earnings, Fastly Inc (NYSE: FSLY ) saw shares drop 30% after-hours on Wednesday. That dip led to the opportunity for the Ark Next Generation Internet ETF (NYSEARCA: ARKW) to take a stake in the company. The Ark Next Generation Internet ETF, led by Cathie Wood, bought 304,300 shares of Fastly. This represents a current stake of $27.3 million, around 1% of the fund’s assets. The fund also bought small amounts of Palantir Technologies (NYSE: PLTR ) and Zoom Video Communications (NASDAQ: ZM ) on Thursday. The ETF sold part of its … Full story available on Benzinga.com

2020-10-16 12:00:00:Repeat Chief Financial Officer Derrick Lee Joins Ridge Ventures

SAN FRANCISCO–(BUSINESS WIRE)– #CFO–Today, Ridge Ventures, an early-stage, enterprise-focused venture capital firm whose investments include Fastly, Braze and Discord, announced the addition of CFO Derrick Lee to the team. Lee is succeeding longtime Ridge CFO Lorra Stone, who is semi-retiring. She will assist with Lee’s transition and provide ongoing advice to the firm as needed. Lee possesses more than twenty years of senior venture capital finance and fund accounting experience, ensuring that Rid

Sympathy Stocks for : FSLY

PMOZ, PLUS, PING, PRFT

This stock was also mentioned on Oct-07-2020 at a closing price of 120.33

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 -

Ticker:HA 13.345,0.555(+4.34%) Earnings: 2020-10-27

Name :Hawaiian Holdings, Inc.

Industry : Airlines

Option Information –

NOV’20 20 15.0C – 3,605 @ 0.69 were traded at 14:55:00 as a SWEEP Spot Price: 13.23

News –
No news for today

Sympathy Stocks for : HA

ALK, SKYW, AAL, LUV

Company Description for :HA

(‘HA’, ‘Hawaiian Holdings, Inc. is a holding company, which engages in the provision of air transportation services. It offers cargo handling and passenger flights between the Hawaiian Islands and its neighbor island routes through its subsidiary, Hawaiian Airlines, Inc. The company is headquartered in Honolulu, HI.’)

What are your thoughts?

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