Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.
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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
Sentiment: Cautiously optimistic
Options Activity: Large put selling for November 2024 expiration, signaling a more optimistic outlook.
Total Value: Approximately $2,400,000
Strike Price: $460
Expectations: The significant put selling suggests that traders do not anticipate QQQ dropping much below $460, indicating a more constructive view on price stability or potential upside in the near term.
NVIDIA Corporation (NVDA)
Sentiment: Bullish with some mixed signals
Options Activity: There was a high volume of call buying, with strikes concentrated around $110, $115, and $125, expiring both in the short term (October 2024) and long term (January 2025). This activity signals strong bullish sentiment on NVDA’s price. Additionally, notable put selling indicates that traders are betting against a significant downside.
Total Values: Over $5 million in large option trades highlighted
Strike Price or Range of Strike Prices: $110 to $130
Expectations: NVDA is expected to continue its upward momentum, with traders positioning for further gains. The mix of call buying and put selling suggests confidence in continued bullish movement, while the longer-term options indicate some caution as the strike prices are not excessively aggressive.
Notable Call Option Trades:
- NVDA Call – Expiration: 2025-01-17, Strike: $110
Action: Buy
Quantity: 28,845 contracts
Price per contract: $52
Total value: $5,672,730
Summary: A large block of long-term calls was bought at a strike of $110, indicating significant bullish sentiment for NVDA over the next year. - NVDA Call – Expiration: 2025-08-15, Strike: $70
Action: Buy
Quantity: 3,327 contracts
Price per contract: $1.56
Total value: $4,903,920
Summary: Another sizable long-term trade, showing confidence that NVDA’s price will rise above $70 well into 2025. - NVDA Call – Expiration: 2024-10-25, Strike: $115
Action: Buy
Quantity: 2,988 contracts
Price per contract: $0.46
Total value: $600,000
Summary: Short-term bullish bet on NVDA’s price rising past $115 by October 25th. - NVDA Call – Expiration: 2024-10-11, Strike: $125
Action: Buy
Quantity: 52,245 contracts
Price per contract: $0.42
Total value: $156,600
Summary: A large volume of short-term calls was bought, betting on NVDA to exceed $125 within a week, suggesting immediate bullish sentiment. - NVDA Call – Expiration: 2025-01-17, Strike: $110
Action: Sell
Quantity: 28,845 contracts
Price per contract: $0.53
Total value: $1,041,750
Summary: Large-scale call selling at the $110 strike for January 2025 expiration suggests some profit-taking or covered call strategies at this level.
Notable Put Option Trades:
- NVDA Put – Expiration: 2024-11-15, Strike: $128
Action: Sell
Quantity: 4,064 contracts
Price per contract: $0.47
Total value: $264,140
Summary: The selling of puts at the $128 strike suggests traders do not expect NVDA to decline significantly before November, showing confidence in limited downside. - NVDA Put – Expiration: 2026-01-16, Strike: $103
Action: Sell
Quantity: 16,041 contracts
Price per contract: $0.51
Total value: $1,430,000
Summary: Large put selling for 2026 indicates very limited expectations for a price drop in NVDA over the long term.
Noteworthy Observations:
- Heavy Call Buying: Most of the options activity on NVDA today was concentrated in call options, indicating a generally bullish sentiment.
- Short-Term Confidence: The large volume of calls expiring in the near future (October 2024) indicates that traders are expecting NVDA to perform well in the coming weeks, likely driven by positive earnings expectations or strong momentum.
- Mixed Signals in Puts: While some puts were sold, indicating confidence in limited downside, there was also some buying of longer-term puts, suggesting caution in the long-term outlook for NVDA.
Overall: Today’s NVDA options activity suggests bullish sentiment, with traders actively positioning for further gains in both the short and long term. However, some cautious hedging via put options hints at possible concerns regarding the broader market or specific risks to NVDA’s longer-term performance.
SLV (iShares Silver Trust)
Sentiment: Mixed
Options Activity: Heavy call buying in 2025 expirations, with strikes at $29, $30, and $32, reflecting long-term bullish sentiment. Significant call selling adds a layer of profit-taking or capped upside strategies, while put selling contributes to a generally bullish outlook.
Total Values: Multi-million-dollar positions across key strike prices, reflecting strong positioning for medium-to-long-term movements.
Strike Price Range: $29, $30, $32, and $34
Expectations: Traders are largely positioning for medium-to-long-term gains, driven by optimism that silver prices will rise into 2025.
Highlighted Call Buys:
- Large purchases in 2025 expirations, including a total of 205,658 contracts at the $35 strike (total value of $2.46M), show strong confidence in silver’s potential upside.
- Additionally, 137,019 contracts at the $30 strike (total value of $504,394) signal bullish sentiment for a moderate rise.
- A November 2024 $29 call shows near-term bullishness, with 29,436 contracts bought (total value of $1.92M).
Highlighted Call Sells:
- Significant call selling at the $35 strike for January 2025 across MULTI-SWEEP and EMLD-TRADE (totaling $1.65M), along with a $1.09M sell at the $35 strike for April 2025, indicates traders are capping upside or taking profits.
- Large volume sales in the October 2024 $29 strike (53,087 contracts) and November 2024 $34 strike (52,997 contracts) show expectations that silver may stay below those levels in the short term.
iShares 20+ Year Treasury Bond ETF (TLT)
Sentiment: Bullish
Options Activity: Large put selling, signaling bullish sentiment. Over 770 contracts were sold, expiring on September 30, 2025, with a premium of $1.30 and a strike price of 97.
Total Values: $865,500
Strike Price or Range of Strike Prices: 97
Expectations: Put selling implies confidence in the security holding above this level, suggesting stability or upward movement.
Clover Health Investments Corp (CLOV)
Sentiment: Bullish
Options Activity: Multiple call buys with a November 2024 expiration at a $4 strike, likely indicating short-term bullishness.
Total Values: $120,000
Strike Price: 4
Expectations: Traders are betting on a positive movement in CLOV and anticipate an upside push before the end of 2024.
Marathon Digital Holdings (MARA)
Sentiment: Bearish
Options Activity: Call selling for March 2025 expiration, suggesting the belief that MARA will stay below the $25 strike.
Total Values: $201,798
Strike Price: 25
Expectations: Traders expect limited upside in MARA, with large call selling indicating expectations of sideways or downward movement.
Levi Strauss & Co (LEVI)
Sentiment: Mixed
Options Activity: Call buying for October 2024 expiration at the $15 strike with high volume but a declining stock price.
Total Values: $959,520
Strike Price: 15
Expectations: While the heavy call buying suggests a potential upside, the downward pressure on the stock raises uncertainty about short-term direction.
Horizon Global Corp (HZO)
Sentiment: Bullish
Options Activity: Significant put selling, with multiple trades for April 2025 expiration.
Total Values: $88,200
Strike Price: 30
Expectations: The large put selling suggests traders are positioning for bullish movement in HZO, anticipating the stock will remain above $30 by expiration.
Super Micro Computer Inc (SMCI)
Sentiment: Bearish
Options Activity: Put buying for January 2025 expiration with significant volume at the $90 strike.
Total Values: $3,080,700
Strike Price: 90
Expectations: Traders expect SMCI to experience a significant downturn, potentially falling below $90 within the next year.
Meta Platforms (META)
Sentiment: Bullish
Options Activity: Large call buying for January 2026 expiration, indicating strong long-term confidence in Meta.
Total Values: $11,405,900
Strike Price: 415
Expectations: Traders are positioning for significant upside in Meta, expecting the stock to rally above $415 within the next two years.
Piedmont Lithium (PLL)
Sentiment: Bullish
Options Activity: Multiple call buys for February 2025 expire at the $15 strike, indicating bullish sentiment.
Total Values: $281,810
Strike Price: 15
Expectations: Traders expect a significant upward move in PLL, with multiple high-volume trades targeting February 2025.
DraftKings (DKNG)
Sentiment: Bullish
Options Activity: Call buying for January 2026 expiration, targeting a $42 strike.
Total Values: $325,050
Strike Price: 42
Expectations: Traders are betting on a long-term bullish outlook for DKNG, with significant gains expected by 2026.
Abercrombie & Fitch Co. (ANF)
Sentiment: Bullish
Options Activity: Notable call buying, with a multi-sweep of 429 contracts expiring on January 17, 2025, at a strike price of 105. The premium was $0.58, indicating strong upside interest.
Total Values: $1,401,380
Strike Price or Range of Strike Prices: 105
Expectations: Upside momentum could continue if this level is surpassed.
ARK Innovation ETF (ARKK)
Sentiment: Neutral
Options Activity: Significant call selling of 4,415 contracts expiring on January 17, 2025, at a strike price of 105. The premium was $0.34, suggesting less bullish sentiment.
Total Values: $1,071,000
Strike Price or Range of Strike Prices: 105
Expectations: Potential downside if this trend persists.
Walmart Inc. (WMT)
Sentiment: Mixed
Options Activity: Both call buying and selling, with significant activity on calls expiring on October 18, 2024, at strike prices of 72.5 and 67.5. The premiums ranged from $0.34 to $0.43, showing mixed sentiment.
Total Values: $824,302 and $688,762
Strike Price or Range of Strike Prices: 67.5-72.5
Expectations: Mixed signals suggest potential volatility in the stock in the near term.
JD.com Inc. (JD)
Sentiment: Bullish
Options Activity: Heavy call buying activity, with over 2,916 contracts bought expiring on January 16, 2026, at a strike price of 60.
Total Values: $1,396,350
Strike Price or Range of Strike Prices: 60
Expectations: Bullish sentiment reflects confidence in JD’s long-term growth potential.
SPDR Select Energy ETF (XLE)
Sentiment: Bullish
Options Activity: Large call buying, with 7,352 contracts expiring on November 15, 2024, at a strike price of 99.
Total Values: $1,350,000
Strike Price or Range of Strike Prices: 99
Expectations: Energy sector strength could push this ETF higher.
Up Fintech Holding Limited (TIGR)
Sentiment: Bullish
Options Activity: Strong call buying activity across multiple strike prices, with 1,302 contracts purchased for April 17, 2025, at a strike price of 12.
Total Values: $895,593
Strike Price or Range of Strike Prices: 12
Expectations: Continued upward momentum in the stock price is expected.
Amazon.com Inc. (AMZN)
Sentiment: Bullish
Options Activity: Significant call buying, with 7,274 contracts expiring on June 20, 2025, at a strike price of 180.
Total Values: $1,874,880
Strike Price or Range of Strike Prices: 180
Expectations: Bullish expectations for long-term growth in Amazon stock.
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
Biohaven Ltd (BHVN)
Buyer: John W. Childs (Non-Executive Director)
Shares Purchased: 21,052 (+inf%)
Price: USD 47.50
Total Value: USD 999,970
Biohaven Ltd (BHVN)
Buyer: Vlad Coric (Chief Executive Officer)
Shares Purchased: 21,052 (+2.5%)
Price: USD 47.50
Total Value: USD 999,970
Texas Pacific Land Corp (TPL)
Buyer: Murray Stahl (Non-Executive Director, Large Shareholder)
Shares Purchased: 3 (+0.0%)
Price: USD 929.21
Total Value: USD 2,788
Global Net Lease Inc (GNL)
Buyer: Nicholas S. Schorsch (Large Shareholder)
Shares Purchased: 100,000 (+6.1%)
Price: USD 8.40
Total Value: USD 840,000
Sportsmans Warehouse Holdings Inc (SPWH)
Buyer: Paul Stone (President and CEO)
Shares Purchased: 31,895 (+3.5%)
Price: USD 2.35
Total Value: USD 74,988
US Insider Sales
Apple Inc (AAPL)
Seller: Deirdre O’Brien (Senior Vice President)
Shares Sold: 38,691 (-19.6%)
Price: USD 226.82
Total Value: USD 8,772,024
Procter & Gamble Co (PG)
Seller: Jon R. Moeller (Chairman, President and CEO)
Shares Sold: 7,007 (-2.5%)
Price: USD 171.65
Total Value: USD 1,202,780
PubMatic Inc (PUBM)
Seller: Rajeev K. Goel (Chief Executive Officer)
Shares Sold: 24,468 (-50.3%)
Price: USD 14.52
Total Value: USD 355,383
Carvana Co (CVNA)
Seller: Ernest C. Garcia II (Large Shareholder)
Shares Sold: 32,597 (-47.3%)
Price: USD 174.60
Total Value: USD 5,691,498
Korn Ferry (KFY)
Seller: Gary D. Burnison (Chief Executive Officer)
Shares Sold: 45,000 (-12.6%)
Price: USD 73.68
Total Value: USD 3,315,600
CDN Insider Purchases
Saputo Inc (SAP)
Buyer: Emanuele Saputo (10% Security Holder)
Shares Purchased: 20,000,000 (+767.5%)
Price: CAD 29.12
Total Value: CAD 582,400,000
Saputo Inc (SAP)
Buyer: Emanuele Saputo (10% Security Holder)
Shares Purchased: 500,000
Price: CAD 27.96
Total Value: CAD 13,980,000
EMX Royalty Corporation (EMX)
Buyer: David M. Cole (Director of Issuer)
Shares Purchased: 200,000 (+7.9%)
Price: CAD 2.05
Total Value: CAD 410,000
EMX Royalty Corporation (EMX)
Buyer: David Johnson (Executive Director)
Shares Purchased: 20,000 (+2.1%)
Price: CAD 2.05
Total Value: CAD 41,000
George Weston Ltd (WN)
Seller: Alannah Elizabeth Weston (Director or Senior Officer of 10% Security Holder)
Shares Sold: 36,865 (-87.2%)
Price: CAD 226.64
Total Value: CAD 8,355,124
CDN Insider Sales
Dollarama Inc (DOL)
Seller: John Huw Thomas (Non-Executive Director)
Shares Sold: 2,000 (-25.0%)
Price: CAD 137.73
Total Value: CAD 275,450
CES Energy Solutions Corp (CEU)
Seller: Kenneth Earl Zinger (Senior Officer of Issuer)
Shares Sold: 72,786 (-3.9%)
Price: CAD 7.52
Total Value: CAD 547,351
CES Energy Solutions Corp (CEU)
Seller: John Michael Hooks (Non-Executive Director)
Shares Sold: 4,382 (-0.4%)
Price: CAD 7.52
Total Value: CAD 32,953
Nuclear Fuels Inc (NF)
Seller: Lawrence Lahusen (Executive Director, Large Shareholder)
Shares Sold: 5,000 (-1.4%)
Price: CAD 0.38
Total Value: CAD 1,875
Institutional Spotlight: Advanced Micro Devices
Advanced Micro Devices (AMD) continues to attract strong institutional interest, with 3,817 institutional shareholders holding over 1.22 billion shares, representing 75.60% of its outstanding shares. Alongside major holders like Vanguard and BlackRock, several prominent new investors have taken positions in AMD. Noteworthy among these are Woodline Partners LP with 118,318 shares, Kingdon Capital Management with 115,000 shares, and Moore Capital Management LP with 109,118 shares. Other key new entries include Melqart Asset Management UK Ltd (107,264 shares), Bowie Capital Management LLC (78,910 shares), and Sora Investors LLC (75,000 shares).
Increases in institutional holdings further highlight confidence in AMD’s prospects. Rokos Capital Management LLP added 1,023,871 shares (an 87.99% increase), and Eminence Capital LLC boosted its position by 268,842 shares (a 40.65% increase). Additional increases include Samlyn Capital LLC, with an additional 211,348 shares (up 23.18%), and Atreides Management LP, which increased its holdings by 23,109 shares.
This institutional activity demonstrates broad support for AMD, with new positions and increased stakes from influential investors. Ark Investment Management added 46,966 shares (a 19.83% increase), signaling renewed interest. Smaller increases from funds like Suvretta Capital Management and Analog Century Management LP reflect growing momentum.
With AMD’s 56.48% rise in share price over the past year and its continued leadership in AI and data center technologies, institutional investors remain closely aligned with the company’s long-term growth potential. AMD’s performance in these sectors will remain a key focus for market watchers.
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 Momentum Watchlist
AA, AAON, AAPL, ACN, ACST, ADI, ADMA, ADP, ADSK, ADX, AESI, AEYE, AGS, AGX, AIG, AKR, AMBP, AMD, AMPY, AMZN, ANET, AORT, APO, APP, ARES, ARGT, ARIS, ATO, AVAV, AVGO, AXP, BABA, BAC, BARK, BBAR, BCO, BCPC, BCS, BEKE, BFLY, BGC, BIDU, BILI, BJ, BK, BKNG, BMA, BMI, BMTX, BMY, BOOT, BR, BSX, BTU, BURL, BV, BWIN, BXP, BZ, BZUN, CAAP, CADE, CAF, CAH, CAPR, CARG, CARR, CAVA, CBNK, CCJ, CCOI, CDNA, CEG, CHCI, CHI, CHRW, CIEN, CION, CLH, CLM, CLMT, CLS, COF, COHR, COKE, CORZ, CPA, CPNG, CPRI, CRBG, CRDO, CRH, CRS, CSL, CSLR, CVNA, CWH, CZR, DAL, DASH, DD, DECK, DERM, DHY, DKNG, DOCU, DRVN, DT, DTM, DXJ, DY, EAT, EBAY, EGY, ELVN, EMR, ESTA, EWTX, FANG, FIP, FLUT, FN, FNKO, FRHC, FSCO, FTK, FUTU, FXI, GAM, GCI, GDS, GE, GEHC, GILD, GKOS, GOOGL, GPI, GRID, GS, GTES, HEAR, HEI, HLT, HOOD, HPE, HPQ, HTLF, HUBS, HWKN, HWM, HY, IBKR, IHD, IP, ITRI, IVZ, JCI, JD, JHG, JOBY, JPM, JXN, KEX, KGS, KMI, KNTK, KR, KWEB, LBPH, LE, LGND, LMAT, LOAN, LOCO, LPTH, LTH, LUV, LVS, LYV, MAMA, MAR, MBIN, MLI, MNDY, MNKD, MNSO, MP, MPWR, MRUS, MRVL, MSGE, MTCH, MTSI, MTX, MTZ, MWA, NEWT, NFLX, NN, NRG, NTAP, NTES, NTRA, NVDA, NVT, OCUL, ODD, OLED, OLLI, ONTO, ORCL, OSW, PANW, PCT, PDD, PFGC, PHG, PIPR, PLNT, PLTR, PNR, POWL, PPC, PRA, PRIM, PSLV, PYPL, QFIN, QTWO, RCL, RDNT, RDW, RKLB, RNA, RSI, RTX, RVMD, RYAM, RZLT, SASR, SB, SBUX, SE, SFM, SGHC, SHIP, SILV, SITM, SKWD, SKYW, SLV, SMR, SNX, SPNS, SPXC, SQ, SSO, STEP, STEW, STRL, SWI, TDG, TEAF, TECK, TG, TIGR, TISI, TOST, TPC, TRDA, TREE, TRMB, TRN, TSCO, TSLA, TSM, TTEK, TVTX, TXRH, UAA, UAL, UBER, UBS, UI, ULH, UNFI, UNIT, USLM, USM, UTHR, VERA, VHI, VIRT, VITL, VMI, VNET, VRNS, VRT, VSTO, WFC, WGS, WHD, WMT, WRBY, WTV, WYNN, XHR, XLC, ZETA, ZTO
Canadian Institutional Momentum Watchlist
EXPORT – CDN – Institutional Momentum Watchlist
ABX.TO, AC.TO, ACO/X.TO, AD/UN.TO, AG.TO, AGF/B.TO, ALA.TO, AP/UN.TO, ARE.TO, ARG.TO, ARX.TO, ASM.TO, ATH.TO, ATRL.TO, ATZ.TO, BAM.TO, BBD/B.TO, BDT.TO, BEPC.TO, BMO.TO, BN.TO, BNS.TO, BTE.TO, BTO.TO, CAE.TO, CCO.TO, CEF.TO, CEU.TO, CF.TO, CIX.TO, CJ.TO, CLS.TO, CMG.TO, CNQ.TO, CPX.TO, CS.TO, CVE.TO, CWB.TO, CXB.TO, DCBO.TO, DFY.TO, DML.TO, DOL.TO, DPM.TO, DSG.TO, ECN.TO, EFX.TO, ELBM.V, ENB.TO, EQB.TO, ERO.TO, ET.TO, FC.TO, FFH.TO, FIL.TO, FM.TO, FN.TO, FRU.TO, FSZ.TO, GEI.TO, GFL.TO, GLO.TO, GLXY.TO, GOLD.TO, GWO.TO, HBM.TO, HITI.V, IAG.TO, IAU.TO, IGM.TO, IMO.TO, JWEL.TO, KEY.TO, KPT.TO, LAC.TO, LB.TO, LNF.TO, LSPD.TO, LUG.TO, LUN.TO, MAG.TO, MDA.TO, MEG.TO, MFC.TO, MTL.TO, MTY.TO, MX.TO, NA.TO, NVEI.TO, NXE.TO, NXR/UN.TO, OBE.TO, OGC.TO, OLA.TO, ONC.TO, ONEX.TO, PAAS.TO, PNE.TO, POW.TO, PPL.TO, PRL.TO, PRMW.TO, PTK.V, PZA.TO, QTRH.TO, RUS.TO, SES.TO, SIL.TO, SLF.TO, SMT.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, TA.TO, TAL.TO, TD.TO, TF.TO, TFII.TO, TOU.TO, TOY.TO, TRP.TO, TVE.TO, TVK.TO, TXG.TO, URC.TO, VHI.TO, VNP.TO, WEF.TO, WJX.TO, WRN.TO, WSP.TO, WTE.TO, X.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!