Unusual Option Activity for Oct-30-2020 C, PRTS

Daily Synopsis -

  • The S&P 500 -1.04% today while the NASDaq weakened by (-2.4%). The Russell 2000 closed lower by (-1.32%). The Dow ended in negative territory at (-0.57%)
  • The best performing sector was Energy(+0.56%) while Information Technology(-2.21%)was the worst performer.
  • For what it’s worth, the S&P 500 closed above its September closing low (3236.92) after briefly dipping below it.
  • Dow components Honeywell (HON 164.95, +0.35, +0.2%) and Chevron (CVX 69.50, +0.70, +1.0%) also closed slightly higher after beating EPS estimates. Twitter (TWTR 41.36, -11.08, -21.1%) had disappointing earnings reaction like the mega-caps, but its 21% decline was more severe.
  • In other negative-sounding developments, the U.S. set another record in daily coronavirus cases on Thursday with more than 90,000 new cases, and San Francisco paused some of its reopening efforts due to the alarming resurgence of the coronavirus. While disappointing, the news wasn’t necessarily surprising given similar trends earlier this week.
  • Separately, the Fed announced it lowered the minimum loan size for three Main Street facilities to $100,000 from $250,000 to incentive lending activity.
  • Looking ahead, investors will receive the ISM Manufacturing Index for October, Construction Spending for September, and auto and truck sales for October on Monday.

Index Summary -

S&P 500 : (-1.04%); NasDaq : (-2.4%);
Russell 2000 :(-1.32%); Dow :(-0.57%);
Vix :37.59 (+1.14%); [+38.0%]; {+30.29%}

Sector Summary -

Three highest sectors for today were –
Energy: (+0.56%); Financials: (+0.29%); Health Care: (-0.03%)
Three lowest sectors for today were –
Information Technology: (-2.21%); Consumer Discretionary: (-2.18%); Communication Services: (-1.69%)

Commodities/Futures -

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

Currency –
USD Index :93.977 (+0.06%); [+1.07%]; {+1.06%}
BC :13780 (-0.04%); [+5.6%]; {+15.08%}

Precious Metals –
Gold :1868 (+0.54%); [-1.3%]; {-1.7%}
Silver :23.36 (+1.48%); [-2.75%]; {-4.94%}

Farming –
Soybeans :1050.5 (+0.59%); [-2.85%]; {-0.68%}
Corn :398.5 (-0.25%); [-4.85%]; {-2.75%}
Coffee :104.6 (-0.33%); [-2.25%]; {-0.62%}

Industrials –
Crude :36.17 (-1.66%); [-7.75%]; {-14.21%}
Nat Gas :3.301 (+2.18%); [+11.54%]; {+15.79%}
Copper :3.0565 (0.0%); [-1.04%]; {-2.77%}

Spac Corner -
*SPAC ETF is the top 25 SPACS trading above IPO price. SPACs must be trading >5% of IPO Price. SPAC ETF : (-0.15%)
Top 5 Highest SPAC % Changes –
1. CPAA- 8.86 0.2 (+2.31%); 52 week high :12.08
2. FEAC- 11.53 0.24 (+2.13%); 52 week high :14.7
3. LOAK- 10.99 0.21 (+1.95%); 52 week high :11.94
4. WPF- 10.05 0.15 (+1.52%); 52 week high :10.75
5. OAC- 10.2 0.14 (+1.39%); 52 week high :12.49
Top 5 Lowest SPAC % Changes –
1. DPHC- 18.21 -2.24 (-10.95%); 52 week high :31.8
2. IPOB- 16.44 -0.67 (-3.92%); 52 week high :27.0
3. SBE- 13.23 -0.37 (-2.72%); 52 week high :17.6
4. FVAC- 11.11 -0.28 (-2.46%); 52 week high :16.41
5. SMMC- 11.2 -0.25 (-2.18%); 52 week high :12.15
Top 5 Spacs by Volume –

1. DPHC- 18.21 -2.24 (-10.95%); Volume :4,942,330; ADV:4,200,649
2. IPOC- 10.02 0.04 (+0.4%); Volume :2,343,161; ADV:3,636,246
3. FEAC- 11.53 0.24 (+2.13%); Volume :1,989,260; ADV:2,175,966
4. SBE- 13.23 -0.37 (-2.72%); Volume :1,937,314; ADV:3,469,501
5. IPOB- 16.44 -0.67 (-3.92%); Volume :1,931,576; ADV:3,414,702
Top 5 Spacs Trading Above ADV –

1. LCAP- 9.655 -0.045 (-0.46%); ADV:9,119: Multiple of ADV:37.07
2. ROCH- 10.0 0.12 (+1.21%); ADV:29,954: Multiple of ADV:9.77
3. ACEV- 9.65 0.0 (0.0%); ADV:46,612: Multiple of ADV:8.24
4. ZGYH- 9.84 0.0 (0.0%); ADV:5,867: Multiple of ADV:6.72
5. GNRS- 9.74 0.0 (0.0%); ADV:20,600: Multiple of ADV:5.7

Dark Pool Summary -

Highest Dark Pool buys by rank –
1. BABA 1 buys totaling 450,000 shares. Average Price : 312.56, Cost : $140,652,000
2. FE 5 buys totaling 2,959,933 shares. Average Price : 30.68, Cost : $91,045,165
3.BSX 6 buys totaling 2,399,093 shares. Average Price : 34.12, Cost : $81,787,410
4.FB 1 buys totaling 301,000 shares. Average Price : 271.71, Cost : $81,785,192
5. TSLA 1 buys totaling 200,000 shares. Average Price : 385.5, Cost : $77,100,000

Options Fast Facts -

CBOE Put/Call Ratio – 0.52
Highest Multiple Over Daily Average – RL with 8x the ADV of 2317. There were 659 calls and 18752 puts.
Ticker with Most Contracts –FB with 659814 contracts traded today with an AVD of 314276. There were 396284 calls and 263530 puts.
Largest Put / Call Ratio – RL with a 28 P/C ratio. There were 18752puts and 659 calls.
Largest Call / Put Ratio – SILJ with a196 C/P ratio. There were 11391 calls and 58 puts. *Stocks must be >$6, Highest Multiple must have >1k ADV, Largest ratios must have an option volume >10k

Yesterday's Picks -

NIO 30.58 -1.41,(-4.41%)
QRVO 127.37 -2.34,(-1.8%)
PDD 89.99 -4.13,(-4.39%)

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:C 41.42,0.27(+0.66%) Earnings: 2021-01-15

Name :Citigroup, Inc.

Industry : Financial Conglomerates

Option Information –

NOV’06 20 44.0C – 14,158 @ 0.36 were traded at 15:34:00 as a BLOCK Spot Price: 40.81

News –

No news for today

Sympathy Stocks for : C

BAC, JPM, DB, WFC

Company Description for :C

(‘C’, ‘Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.’)

Second Classic Unusual Options Activity Pick -

Ticker:PRTS 12.665,-0.865(-6.39%) Earnings: 2020-11-09

Name :CarParts.com, Inc.

Industry : Internet Retail

Option Information –

NOV’20 20 15.0C – 2,000 @ 1.08 were traded at 15:43:00 as a SPLIT Spot Price: 12.73

News –
No news for today

Sympathy Stocks for : PRTS

AAP, ORLY, AZO, OSTK

Company Description for :PRTS

(‘PRTS’, “CarParts.com, Inc. engages in the provision of automotive aftermarket parts. The firm’s flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com and www.usautoparts.net. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The company was founded by Sol Khazani and Mehran Nia in 1995 and is headquartered in Carson, CA.”)

What are your thoughts?

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