Unusual Option Activity for Oct-23-2020 JMIA, AMD

Daily Synopsis -

  • The S&P 500 eked out a gain of +0.34% today while the NASDaq had a small gain of (+0.22%). The Russell 2000 advanced (+0.58%). The Dow ended in negative territory at (-0.11%)
  • The best performing sector was Communication Services(+0.94%) while Energy(-0.49%)was the worst performer.
  • The Dow Jones Transportation Average (+1.1%) was another area of relative strength amid solid gains in the airline stocks.
  • In stimulus news, Treasury Mnuchin said there were still significant differences despite meeting with House Speaker Pelosi numerous times this week. White House Chief of Staff Meadows, however, told reporters that he hopes to have a stimulus deal over the weekend.
  • Separately, Gilead Sciences (GILD 60.79, +0.12, +0.2%) received FDA approval for its remdesivir drug used to treat COVID-19. Shares spiked 5% on the news but ended the session with a 0.2% gain in a sell-the-news reaction.
  • U.S. Treasuries finished near their flat lines to reclaim early losses. The 2-yr yield increased one basis point to 0.16%, and the 10-yr yield declined one basis point to 0.84% after touching 0.87% at its high. The U.S. Dollar Index declined 0.2% to 92.72.

Index Summary -

S&P 500 : (+0.34%); NasDaq : (+0.22%);
Russell 2000 :(+0.58%); Dow :(-0.11%);
Vix :28.11 (-1.99%); [+0.51%]; {+9.89%}

Sector Summary -

Three highest sectors for today were –
Communication Services: (+0.94%); Consumer Discretionary: (+0.88%); Real Estate: (+0.65%)
Three lowest sectors for today were –
Energy: (-0.49%); Information Technology: (-0.11%); Consumer Staples: (+0.18%)

Commodities/Futures -

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

Currency –
USD Index :92.964 (-0.27%); [-0.77%]; {-0.89%}
BC :13155 (-1.37%); [+10.38%]; {+13.42%}

Precious Metals –
Gold :1904.6 (+0.01%); [-0.08%]; {+0.86%}
Silver :24.709 (-0.06%); [+0.15%]; {+2.53%}

Farming –
Soybeans :1073.75 (+1.21%); [+3.08%]; {+4.09%}
Corn :416.25 (+0.9%); [+3.64%]; {+7.35%}
Coffee :106.7 (-1.27%); [-0.66%]; {-4.31%}

Industrials –
Crude :40.64 (-2.36%); [-2.82%]; {-1.29%}
Nat Gas :3.007 (-2.19%); [+5.22%]; {+3.01%}
Copper :3.1535 (-0.32%); [+2.03%]; {+3.32%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.01%)
Top 5 Highest SPAC % Changes –
1. KBLM- 10.99 2.89 (+35.68%); 52 week high :11.5
2. OPES- 11.14 0.4 (+3.72%); 52 week high :19.92
3. NOVS- 11.475 0.305 (+2.73%); 52 week high :12.99
4. SMMC- 11.4 0.18 (+1.6%); 52 week high :12.15
5. PIC- 10.33 0.14 (+1.37%); 52 week high :14.0
Top 5 Lowest SPAC % Changes –
1. DPHC- 18.23 -2.22 (-10.86%); 52 week high :31.8
2. SPAQ- 10.32 -0.89 (-7.94%); 52 week high :21.6
3. NFIN- 11.0 -0.48 (-4.18%); 52 week high :12.91
4. LCA- 12.25 -0.45 (-3.54%); 52 week high :19.28
5. TRNE- 10.65 -0.3 (-2.74%); 52 week high :12.99
Top 5 Spacs by Volume –

1. SPAQ- 10.32 -0.89 (-7.94%); Volume :9,590,760; ADV:7,429,635
2. CCX- 10.0 0.0 (0.0%); Volume :5,162,690; ADV:1,152,024
3. HCCO- 10.035 0.005 (+0.05%); Volume :4,953,441; ADV:583,441
4. DPHC- 18.23 -2.22 (-10.86%); Volume :3,559,319; ADV:4,373,237
5. IPOB- 19.44 -0.29 (-1.47%); Volume :2,823,937; ADV:5,656,908
Top 5 Spacs Trading Above ADV –

1. LOAC- 10.7 0.1 (+0.94%); ADV:3,188: Multiple of ADV:57.62
2. SFTW- 9.995 -0.005 (-0.05%); ADV:69,235: Multiple of ADV:18.78
3. CLA- 9.65 -0.04 (-0.41%); ADV:37,749: Multiple of ADV:10.63
4. HCCO- 10.035 0.005 (+0.05%); ADV:583,441: Multiple of ADV:8.49
5. MCMJ- 9.795 -0.035 (-0.36%); ADV:12,976: Multiple of ADV:8.03

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. FB 4 buys totaling 1,450,000 shares. Average Price : 282.32, Cost : $410,200,000
2. NFLX 1 buys totaling 500,000 shares. Average Price : 487.47, Cost : $243,735,000
3.AAPL 4 buys totaling 1,050,000 shares. Average Price : 114.7, Cost : $120,405,250
4.PYPL 1 buys totaling 550,000 shares. Average Price : 202.47, Cost : $111,357,125
5. NKE 2 buys totaling 849,400 shares. Average Price : 130.12, Cost : $110,484,350

Options Fast Facts -

CBOE Put/Call Ratio – 0.48
Highest Multiple Over Daily Average – MAT with 11x the ADV of 4518. There were 39862 calls and 10077 puts.
Ticker with Most Contracts –SNAP with 1196110 contracts traded today with an AVD of 215457. There were 743865 calls and 452245 puts.
Largest Put / Call Ratio – NUE with a 3 P/C ratio. There were 11917puts and 4199 calls.
Largest Call / Put Ratio – EWU with a411 C/P ratio. There were 31265 calls and 76 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

SONO 15.99 +0.2,(+1.27%)
JKS 64.39 -4.98,(-7.18%)
HEAR 19.28 +0.52,(+2.77%)

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:JMIA 17.87,1.38(+8.37%) Earnings: 2020-11-10

Name :Jumia Technologies AG

Industry : Internet Software/Services

Option Information –

NOV’20 20 20.0C – 560 @ 2.28 were traded at 10:10:00 as a SWEEP Spot Price: 17.3

News –

No news for today

Sympathy Stocks for : JMIA

PIKL, PERI, PINS, PWNX

This stock was also mentioned on Oct-16-2020 at a closing price of 15.22

Company Description for :JMIA

(‘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 Classic Unusual Options Activity Pick -

Ticker:AMD 81.95,2.53(+3.19%) Earnings: None

Name :Advanced Micro Devices, Inc.

Industry : Semiconductors

Option Information –

NOV’20 20 90.0C – 1,000 @ 2.67 were traded at 10:14:00 as a BLOCK Spot Price: 81.25

NOV’20 20 90.0C – 1,000 @ 2.60 were traded at 12:57:00 as a BLOCK Spot Price: 81.22

News –
2020-10-23 16:24:23:NEO 200% – The Bitcoin Street Journal

NEO 200% Cryptocurrencies Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin Currencies EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF Stocks Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc Indices S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index Futures Gold, Silver, Crude Oil, Natural Gas, Corn,Read More

2020-10-23 14:31:46:BNBUSD – The Bitcoin Street Journal

BNBUSD Cryptocurrencies Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin Currencies EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF Stocks Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc Indices S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index Futures Gold, Silver, Crude Oil, Natural Gas, Corn, BitcoinRead More

Sympathy Stocks for : AMD

INTC, NVDA, TXN, MCHP

This stock was also mentioned on Oct-20-2020 at a closing price of 81.625

Company Description for :AMD

(‘AMD’, ‘Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, semi-custom System-on-Chip products, development services and technology for game consoles. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.’)

What are your thoughts?

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