Unusual Option Activity for Oct-19-2020 MPW, BIIB, ALXN

Daily Synopsis -

  • The S&P 500 -1.52% today while the NASDaq decreased by (-1.65%). The Russell 2000 closed lower by (-1.2%). The Dow ended in negative territory at (-1.38%)
  • All sectors ended in negative territory today. The best performing sector was Utilities(-0.84%) while Energy(-2.12%)was the worst performer.
  • Moreover, today’s slate of positive-sounding news was largely brushed aside. One exception was the airline stocks did rise on news that daily airline passenger levels reached one million for the first time since March. The U.S. Global Jets ETF (JETS 17.68, +0.19, +1.1%) increased 1%.
  • Other encouraging news included the NAHB Housing Market Index increasing to a new all-time high of 85 in October (consensus 83), China reporting hopeful economic data, and commentary that AstraZeneca’s (AZN 52.44, -0.59, -1.1%) vaccine candidate could be available soon after Christmas.
  • In M&A activity, Intel (INTC 54.58, +0.42, +0.8%) was reported to be nearing a $10 billion agreement to sell its NAND memory unit to SK Hynix (HXSCL), and Concho Resources (CXO 27.26, -1.34, -2.8%) confirmed it will be acquired by ConocoPhillips (COP 32.70, -1.07, -3.2%) in an all-stock transaction valued at $9.7 billion.
  • Looking ahead, the Housing Starts and Building Permits report for September is scheduled to be released on Tuesday.

Index Summary -

S&P 500 : (-1.52%); NasDaq : (-1.65%);
Russell 2000 :(-1.2%); Dow :(-1.38%);
Vix :27.41 (+6.46%); [+16.39%]; {-1.02%}

Sector Summary -

Three highest sectors for today were –
Utilities: (-0.84%); Materials: (-1.16%); Consumer Discretionary: (-1.23%)
Three lowest sectors for today were –
Energy: (-2.12%); Information Technology: (-1.83%); Communication Services: (-1.79%)

Commodities/Futures -

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

Currency –
USD Index :93.679 (-0.28%); [+0.05%]; {-0.25%}
BC :11360 (+3.26%); [+2.8%]; {+7.07%}

Precious Metals –
Gold :1906.4 (-0.07%); [+0.2%]; {+0.87%}
Silver :24.405 (+0.02%); [+0.21%]; {+2.39%}

Farming –
Soybeans :1050 (+0.48%); [-0.12%]; {+0.48%}
Corn :402 (+0.68%); [+2.08%]; {+4.59%}
Coffee :107.25 (-0.51%); [-2.65%]; {-3.22%}

Industrials –
Crude :40.88 (-0.59%); [-0.97%]; {-1.34%}
Nat Gas :2.773 (+2.27%); [+7.59%]; {+7.96%}
Copper :3.0675 (+0.37%); [+1.03%]; {+1.22%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (0.06%)
Top 5 Highest SPAC % Changes –
1. SMMC- 11.85 1.5 (+14.49%); 52 week high :12.05
2. SBE- 16.09 0.88 (+5.79%); 52 week high :16.49
3. HCCH- 12.29 0.29 (+2.42%); 52 week high :13.4
4. TRNE- 10.9 0.23 (+2.16%); 52 week high :12.99
5. FEAC- 13.85 0.24 (+1.76%); 52 week high :14.7
Top 5 Lowest SPAC % Changes –
1. IPOB- 21.34 -1.57 (-6.85%); 52 week high :27.0
2. DPHC- 21.625 -1.405 (-6.1%); 52 week high :31.8
3. SPAQ- 12.85 -0.57 (-4.25%); 52 week high :21.6
4. LCA- 13.53 -0.56 (-3.97%); 52 week high :19.28
5. OPES- 11.23 -0.37 (-3.19%); 52 week high :19.92
Top 5 Spacs by Volume –

1. SMMC- 11.85 1.5 (+14.49%); Volume :12,747,170; ADV:95,008
2. SPAQ- 12.85 -0.57 (-4.25%); Volume :5,134,313; ADV:7,791,707
3. IPOB- 21.34 -1.57 (-6.85%); Volume :3,220,687; ADV:5,415,434
4. CCX- 10.02 0.02 (+0.2%); Volume :2,924,585; ADV:934,391
5. SBE- 16.09 0.88 (+5.79%); Volume :2,643,526; ADV:3,365,278
Top 5 Spacs Trading Above ADV –

1. SMMC- 11.85 1.5 (+14.49%); ADV:95,008: Multiple of ADV:134.17
2. RPLA- 10.15 0.0 (0.0%); ADV:98,289: Multiple of ADV:23.67
3. KSMT- 9.68 0.01 (+0.1%); ADV:38,592: Multiple of ADV:14.12
4. CHPM- 10.05 0.0 (0.0%); ADV:108,677: Multiple of ADV:10.14
5. PCPL- 10.53 0.09 (+0.86%); ADV:334,762: Multiple of ADV:7.73

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. NFLX 4 buys totaling 1,200,000 shares. Average Price : 531.09, Cost : $638,586,125
2. BA 3 buys totaling 600,000 shares. Average Price : 168.68, Cost : $101,209,500
3.TSLA 1 buys totaling 200,000 shares. Average Price : 436.6, Cost : $87,320,000
4.INFY 6 buys totaling 4,851,976 shares. Average Price : 15.29, Cost : $74,056,136
5. RP 6 buys totaling 1,173,000 shares. Average Price : 59.85, Cost : $70,207,960

Options Fast Facts -

CBOE Put/Call Ratio – 0.45
Highest Multiple Over Daily Average – TWNK with 21x the ADV of 1076. There were 21626 calls and 936 puts.
Ticker with Most Contracts –CGC with 96476 contracts traded today with an AVD of 43213. There were 85670 calls and 10806 puts.
Largest Put / Call Ratio – ARMK with a 22 P/C ratio. There were 12799puts and 574 calls.
Largest Call / Put Ratio – CNP with a34 C/P ratio. There were 18597 calls and 543 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

JMIA 15.32 +0.1,(+0.66%)
TEAM 212.81 +5.36,(+2.58%)
FSLY 83.5 -1.17,(-1.38%)
HA 13.89 +0.56,(+4.2%)

You can find yesterday’s post here.

Momentum Unusual Option Activity

First Momentum Stock Pick -

Ticker:MPW 17.68,-0.37(-2.05%) Earnings: 2020-10-29

Name :Medical Properties Trust, Inc. Special Considerations :

Industry : Finance Sector : Real Estate Investment Trusts
Option Information –

Today’s Option Volume: 27013; OptionOI: 28809

Multiple of ADV: 13; ADV: 2075

Total Calls: 20357; Total Puts: 6656

Calls at Ask: 46.7%; Calls at Bid: 40.9%

Puts at Ask: 11.0%; Puts at Bid: 5.2%

C/P Ratio: 3

Noteable Strikes

DEC 18 ’20 19.0C had 17944 VLM and 24 OI.

News

2020-10-19 11:52:44:Traders Buy High Volume of Call Options on Medical Properties Trust (NYSE:MPW)

Medical Properties Trust, Inc. (NYSE:MPW) was the target of unusually large options trading on Monday. Stock investors purchased 13,216 call options on the company. This is an increase of 720% compared to the average daily volume of 1,611 call options. NYSE:MPW remained flat at $$18.05 during trading hours on Monday. The company’s stock had a […]

2020-10-19 06:40:45:Medical Properties Trust, Inc. (NYSE:MPW) Expected to Post Earnings of $0.39 Per Share

Brokerages expect that Medical Properties Trust, Inc. (NYSE:MPW) will announce $0.39 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Medical Properties Trust’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Medical Properties Trust posted earnings per share of $0.33 in the same quarter […]

Potential Sympathy Stocks

HT, SRC, ALX, HTA

Impression

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

Company Description for :MPW

Medical Properties Trust, Inc. is a self-advised real estate investment trust, which engages in the investment, acquisition, and development of net-leased healthcare facilities. Its property portfolio includes rehabilitation hospitals; long-term acute care hospitals; ambulatory surgery centers; hospitals for women and children; regional and community hospitals; medical office buildings; and other single-discipline facilities. The company was founded by Edward K. Aldag Jr., R. Steven Hamner, Emmett E. McLean, and William Gilliard McKenzie on August 27, 2003 and is headquartered in Birmingham, AL.

Second Momentum Stock Pick

Classic Unusual Option Activity

First Classic Unusual Options Activity Pick -

First Classic Unusual Options Activity Pick –

Ticker:BIIB 268.79,-11.22(-4.01%) Earnings: 2020-10-21

Name :Biogen, Inc.

Industry : Biotechnology

Option Information –

NOV’20 20 335.0C – 2,000 @ 11.50 were traded at 12:10:00 as a BLOCK Spot Price: 275.48

News –

2020-10-19 15:46:59:What You Need To Know In Options For This Week: Tesla, Snap, Netflix And More

The VIX sits about 27.50 and its futures curve is upward sloping into election week. Options expiring that week will have higher implied volatility, even in individual stocks. Speaking of individual stocks, we’re now entering the heart of earnings season so keeping an eye on the earnings calendar is crucial. And it’s not just earnings, Biogen, which reports this week has a much bigger event the first week of November and is producing one of the more wild expected move charts you’ll ever see (see below in Earnings of Note). Here’s how this week looks through the lens of the options market. Moves are from Monday’s open to Friday’s close. Expected Moves via Options AI Last week’s expected move in SPY: 1.6% Last week’s actual move SPY: -0.7% This week’s expected move in SPY: 1.7%: Earnings Week Banks/Financial earnings dominated last week. This week focus turns to some big tech names and our first look at some high-flyers and story stocks like Tesla, Netflix and Snap. Here’s a quick … Full story available on Benzinga.

2020-10-19 08:28:56:Biologic Response Modifiers Market Size Research Report 2020-2027 |Top leading companies Bristol Myers Squibb, Janssen Inc., Biogen, Amgen, Novartis, Eli Lilly &Co

Biologic response modifiers modulate the immune system to combat infections and diseases. These novel class of drugs are used for immunotherapy, and are thus manufactured in pharmaceutical industries in large volume to enhance or suppress the activity of immune system.

Sympathy Stocks for : BIIB

AMGN, GILD, ABBV, PFE

Company Description for :BIIB

(‘BIIB’, ‘Biogen, Inc. is a biopharmaceutical company, which engages in discovering, developing, and delivering therapies for neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA, and FAMPYRA for the treatment of multiple sclerosis; SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of severe plaque psoriasis. The company was founded by Charles Weissmann, Heinz Schaller, Kenneth Murray, Walter Gilbert, and Phillip Allen Sharp in 1978 and is headquartered in Cambridge, MA.’)

Second Classic Unusual Options Activity Pick -

Ticker:ALXN 121.81,-2.32(-1.87%) Earnings: None

Name :Alexion Pharmaceuticals, Inc.

Industry : Biotechnology

Option Information –

NOV’20 20 135.0C – 1,175 @ 3.30 were traded at 10:57:00 as a BLOCK Spot Price: 122.86

News –
No news for today

Sympathy Stocks for : ALXN

GILD, REGN, VRTX, BIIB

Company Description for :ALXN

(‘ALXN’, ‘Alexion Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on serving patients with devastating and ultra-rare disorders through the development and commercialization of life-transforming therapeutic products. Its products include ultomiris, soliris, strensiq and kanuma. The company was founded by Joseph A. Madri, David W. Keiser, Stephen P. Squinto and Leonard Bell in January 1992 and is headquartered in Boston, MA.’)

What are your thoughts?

%d bloggers like this: