Notice: The Unusual Activity report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.

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Unusual Activity Report

This daily report focuses on three key components that can lead to market momentum: unusual options activity, insider buying, and institutional sponsorship. By scanning for these signals each day, we uncover potential stock movements driven by notable trades, insider transactions, and institutional investments. Using advanced algorithms and proprietary research methods, we sift through vast amounts of data to identify unique opportunities, offering timely insights highlighting emerging market momentum.

Disclaimer: All data and information presented in this report are sourced from publicly available materials intended for informational purposes only. The content is not a recommendation to buy or sell securities and should not be relied upon as financial advice. Readers are encouraged to conduct their own research before making any investment decisions.

Standout Options Trades

This section highlights notable options trades reflecting significant sentiment—bullish, bearish, or mixed—characterized by high-dollar-value transactions or large trade sizes exceeding prior open interest. When open interest rises from the previous day, it often indicates the creation of new positions rather than the closing of existing ones, suggesting a fresh outlook on the underlying stock or ETF.

For instance, call buying generally signals an expectation of upward movement, while selling calls suggest the trader anticipates the price will stay below a certain level. Put selling reflects confidence that the price will hold above the strike, implying stability. In contrast, put buying may reveal a bearish outlook or serve as a hedge against a larger bullish position elsewhere.

Note: This report highlights large, unusual options trades identified for their size and potential impact, representing individual sentiment rather than broad market consensus. These trades are informational and are not intended as buy or sell signals. They reflect noteworthy activity observed during the trading day and should be viewed as one part of a broader analysis.

Amazon (AMZN)
Sentiment: Bearish
Options Activity: Sold call contracts expiring on March 21, 2025, with a strike price of 200.
Total Values: Premium collected was $902,500 across 11,372 contracts.
Strike Price: $200
Spot Price: $205.37
Expectations: Selling calls at a strike price below the spot price suggests limited upside, with traders likely expecting AMZN’s price to remain around or below $200 in the near term.

Kraft Heinz (KHC)
Sentiment: Bearish
Options Activity: Sold call contracts expiring on November 22, 2024, with a strike price of 30.
Total Values: Premium collected was $74,971 across 6 contracts.
Strike Price: $30
Spot Price: $30.66
Expectations: Traders selling calls just below the spot price anticipate the price will remain under $30, showing expectations of minimal upside potential in the short term.

Eli Lilly (LLY)
Sentiment: Bearish
Options Activity: Purchased put contracts expiring on November 15, 2024, with a strike price of 830.
Total Values: Premium paid was $2,099,330 across 741 contracts.
Strike Price: $830
Spot Price: $755.53
Expectations: Purchasing puts with a strike price above the spot suggests a bearish outlook or hedging against potential downside, anticipating continued or further downward pressure.

AST SpaceMobile (ASTS)
Sentiment: Bearish
Options Activity: Sold call contracts expiring on January 16, 2026, with a strike price of 55.
Total Values: Premium collected was $1,390,200 across 15,111 contracts.
Strike Price: $55
Spot Price: $23.85
Expectations: Selling calls significantly above the spot price reflects confidence that ASTS will not reach or exceed $55 by expiration, taking advantage of premium.

Super Micro Computer (SMCI)
Sentiment: Bullish
Options Activity: Sold put contracts expiring on June 20, 2025, with a strike price of 38.
Total Values: Premium paid was $1,621,920 across 3,050 contracts.
Strike Price: $38
Spot Price: $17.85
Expectations: Selling puts with a strike price well above the current spot indicates strong confidence in upside stability, expecting SMCI to stay at or rise closer to $38.

S&P 500 ETF (SPY)
Sentiment: Bullish
Options Activity: Bought call contracts expiring on November 21, 2024, with a strike price of 475.
Total Values: Premium paid was $8,501,980
Strike Price: $475
Spot Price: $586.80
Expectations: Purchasing calls well below the spot suggests strong positioning for continued upside momentum or anticipation of maintaining gains.

SPDR S&P 500 ETF (SPY)
Sentiment: Neutral/Bearish
Options Activity: Large put trades with significant premiums.
Total Values: Two noteworthy trades totaling around $10 million.
Strike Price: 650 and 605 strike puts.
Spot Price: 586.045
Expectations: Put buying near and slightly below spot price reflects hedging or bearish sentiment in anticipation of downward pressure in the short and mid-term.

The Trade Desk (TTD)
Sentiment: Neutral/Bearish
Options Activity: Heavy call selling at-the-money and just out-of-the-money.
Total Values: Over $4 million in call premiums collected.
Strike Price: 95 and 75 strikes.
Spot Price: 118.11
Expectations: Selling calls below the spot price suggests limited upside and possible resistance near current levels, indicating bearish sentiment.

Cameco Corporation (CCJ)
Sentiment: Bullish
Options Activity: Significant net positive premium driven by substantial call-buying activity.
Total Values: Net premium of $2,003,664.
Expectations: The pronounced call-buying suggests strong investor confidence in Cameco’s potential for upward movement.

Chevron Corporation (CVX)
Sentiment: Bullish
Options Activity: Robust activity in calls bought and sold with significant premiums.
Total Values: Net premium of $9,926,070.
Strike Price: Broad activity across key levels.
Expectations: Strong confidence indicated by call activity and overall positive sentiment among institutional investors.

Nikola Corporation (NKLA)
Sentiment: Bearish
Options Activity: Notable put buying in a deep OTM position.
Total Values: Over $100,000 in premium for long-dated put protection.
Strike Price: 3 strike.
Spot Price: 2.335
Expectations: Purchasing deep OTM puts over a long horizon may reflect hedging behavior or speculative positioning, with limited near-term impact anticipated.

Insider Transactions

Each day, insider transactions provide insights into the movements of key executives and shareholders within various companies. These transactions can signal confidence in future performance or a need to liquidate holdings. Today’s report identified the most significant insider purchases and sales, highlighting influential figures and companies that made notable moves.  Let’s take a look at some of today’s standout transactions.

US Insider Purchases

WillScot Corp (WSC)
Buyer: Jeffrey Sagansky (Non-Executive Director)
Shares Purchased: 5,000 (+0.2%)
Price: USD 34.31
Total Value: USD 171,525

Tile Shop Holdings Inc (TTSH)
Buyer: Fund 1 Investments, LLC (Large shareholder)
Shares Purchased: 115,599 (+1.4%)
Price: USD 6.40
Total Value: USD 739,834

Estee Lauder Companies Inc (EL)
Buyer: Paul J Fribourg (Non-Executive Director)
Shares Purchased: 58,771 (+74.4%)
Price: USD 64.49
Total Value: USD 3,790,142

US Insider Sales

Palantir Technologies Inc (PLTR)
Seller: Alexander C. Karp (Executive Director)
Shares Sold: 4,500,000 (-41.2%)
Price: USD 63.10
Total Value: USD 283,964,850

MACOM Technology Solutions Holdings Inc (MTSI)
Seller: Susan Ocampo (Non-Executive Director, Large shareholder)
Shares Sold: 71,796 (-1.2%)
Price: USD 123.03
Total Value: USD 8,833,062

Home Depot Inc (HD)
Seller: Ann Marie Campbell (Senior EVP)
Shares Sold: 27,306 (-28.1%)
Price: USD 408.34
Total Value: USD 11,150,132

CDN Insider Purchases

Cartier Resources Inc (ECR)
Buyer: Manuel Peiffer (Director of Issuer, Non-Executive Director)
Shares Purchased: 225,000 (+81.8%)
Price: CAD 0.11
Total Value: CAD 24,750

Timeless Capital Corp.
Buyer: Shane Shircliff (Director of Issuer, Non-Executive Director)
Shares Purchased: 500,000 (+500.0%)
Price: CAD 0.01
Total Value: CAD 5,000

Buyer: Daniel Joseph Lanskey (Director of Issuer, Non-Executive Director)
Shares Purchased: 1,000,000 (+166.7%)
Price: CAD 0.01
Total Value: CAD 10,000

Maple Leaf Foods Inc (MFI)
Buyer: Andrew Gordon Macdonald (Director of Issuer, Non-Executive Director)
Shares Purchased: 7,400 (+13.5%)
Price: CAD 22.60
Total Value: CAD 167,246

Buyer: Andrew Gordon Macdonald (Director of Issuer, Non-Executive Director)
Shares Purchased: 3,800 (+7.5%)
Price: CAD 22.55
Total Value: CAD 85,688

Buyer: Andrew Gordon Macdonald (Director of Issuer, Non-Executive Director)
Shares Purchased: 6,200 (+13.8%)
Price: CAD 22.49
Total Value: CAD 139,430

Buyer: Andrew Gordon Macdonald (Director of Issuer, Non-Executive Director)
Shares Purchased: 4,000 (+10.2%)
Price: CAD 22.36
Total Value: CAD 89,436

Altus Group Ltd (AIF)
Buyer: William Brennan (Director of Issuer, Non-Executive Director)
Shares Purchased: 15,656 (+0.9%)
Price: CAD 57.30

CDN Insider Sales

Sun Life Financial Inc (SLF)
Seller: Kevin Strain (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 85,943 (-79.1%)
Price: CAD 84.71
Total Value: CAD 7,280,232

Seller: Kevin Strain (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 71,402 (-39.6%)
Price: CAD 84.71
Total Value: CAD 6,048,463

Colliers International Group Inc (CIGI)
Seller: Matthew Hawkins (Senior Officer of Issuer)
Shares Sold: 9,083 (-36.2%)
Price: USD 144.74
Total Value: USD 1,314,673

Seller: Matthew Hawkins (Senior Officer of Issuer)
Shares Sold: 10,917
Price: CAD 148.14
Total Value: CAD 1,617,244

Shopify Inc (SHOP)
Seller: Kasra Nejatian (Senior Officer of Issuer)
Shares Sold: 31,250 (-22.2%)
Price: USD 109.98
Total Value: USD 3,437,019

Institutional Spotlight: Cybin (CYBN)

Point72 Asset Management, led by Steve Cohen, recently reported a notable position in CYBN, acquiring 292,397 shares. This stake represents approximately 1.40% ownership as of November 14, 2024. Point72, known for its data-driven and strategic investments, highlights increasing confidence in CYBN with this acquisition. The move signals potential growth opportunities or strategic interest in the company’s innovative initiatives, likely to attract further institutional attention. Such a significant investment emphasizes Point72’s belief in CYBN‘s market potential, positioning it as a key player among institutional stakeholders.

Institutional Momentum Watchlists

Welcome to the Institutional Momentum Watchlist, an exclusive feature for our members. This list highlights stocks that have recently caught the attention of institutional investors, either through new purchases or significant additions. These stocks are selected based on promising technical setups that suggest potential momentum. Our systematic approach filters for opportunities where institutional sponsorship aligns with favorable technical conditions, offering a unique edge in your trading strategy. Keep an eye on this watchlist as we update it each weekend with the latest insights from the market.

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

US Institutional Momentum Watchlist

EXPORT – US – Institutional – 2024-11-17

AA, ALL, AM, AMP, AON, APD, APP, ATMU, AY, BAC, BGC, BK, BKNG, BKU, BLCO, BLK, BOKF, BTDR, BX, CAVA, CBU, CFFN, CFG, CIFR, CLS, CORZ, CRS, CVNA, CWAN, DGX, DLR, DTM, EME, ETR, EVRG, FCF, FCNCA, FI, FIX, FRME, FTAI, GPI, GTES, HOMB, HPQ, IBKR, INDB, IP, ITT, JPM, KGS, KMPR, LLYVA, LMB, LNT, MA, MAA, NATL, NDAQ, NN, NRG, NWBI, OFIX, OGE, OMF, OOMA, ORI, PFS, PGRU, PIPR, PLTR, PPC, PPL, PYPL, RBC, RDW, RGA, RYAN, SFM, SGHC, SNT, SPG, SRDX, SRE, SWX, TBBK, TJX, TOST, TPC, TSLA, TW, UAL, UNFI, VST, WEC, WELL, WRBY, XLF, YPF, ZIM, ZWS

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-17

ACO/X.TO, AD/UN.TO, ALA.TO, AP/UN.TO, BDGI.TO, BMO.TO, BNS.TO, CCO.TO, CF.TO, CLS.TO, CTC/A.TO, CU.TO, CWB.TO, DBM.TO, DML.TO, DOL.TO, ECN.TO, EFX.TO, EMA.TO, EMP/A.TO, EXE.TO, FC.TO, FIL.TO, FRU.TO, FSV.TO, FSZ.TO, GFL.TO, GLO.TO, GLXY.TO, GOLD.TO, GWO.TO, H.TO, JWEL.TO, KEY.TO, L.TO, LB.TO, MG.TO, NA.TO, NVA.TO, NVEI.TO, NXE.TO, PET.TO, PIF.TO, POW.TO, PRL.TO, PZA.TO, QTRH.TO, RUS.TO, SRU/UN.TO, SU.TO, TOT.TO, TPZ.TO, TRP.TO, URE.TO, WN.TO

To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, and we encourage you to share your recommendations. Stay attentive to the Daily Setups, the Workspace, and the Watchlists for emerging opportunities. Additionally, explore the PDFs of the scanner results provided in the Daily Setups report. Until next time, happy trading!