SYS Research – Unusual Activity – Monday, December 2, 2024

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.

SoFi Technologies (SOFI)
Sentiment: Mixed
Options Activity: Multiple trades observed, including a significant call sale for the 2025-03-21 expiration at a strike price of $16, with premiums totaling $472,000. Additionally, another call sale for the 2025-09-19 expiration at a strike price of $15 saw $304,500 in premiums. Conversely, there was a bullish call buy for the 2024-12-20 expiration at $17, totaling $275,000.
Total Values: $1,051,500 in total premiums.
Strike Price: $15, $16, $17.
Expectations: With the spot price at $15.915, the $16 and $15 strike sales suggest expectations of limited upside or stability, while the $17 call purchase reflects a bullish outlook, expecting movement above $15.925.


NVIDIA (NVDA)
Sentiment: Bullish
Options Activity: Large call buy for the 2025-02-21 expiration at a strike price of $0.5, with premiums totaling $75,927,504. Another significant trade for 2025-06-20 at the same strike saw $119,196,000 in premiums paid.
Total Values: $195,123,504 in total premiums.
Strike Price: $0.5.
Expectations: Spot price of $138.545 suggests a highly leveraged bullish bet or arbitrage strategy targeting significant upward movement.


Super Micro Computer (SMCI)
Sentiment: Mixed
Options Activity: Several trades observed, including a pre-earnings call sale for the 2024-12-06 expiration at $36 strike, with $2,250,000 in premiums. Additionally, a bullish call buy for 2025-02-21 at $50 strike totaled $1,083,360.
Total Values: $3,333,360 in total premiums.
Strike Price: $36, $50.
Expectations: Spot price at $42.415 and $42.985 highlights bearish positioning near-the-money with the $36 strike, while the $50 call buy implies a bullish expectation for the long-term.


Dow Inc. (DOW)
Sentiment: Mixed
Options Activity: A series of put trades for the 2025-01-17 expiration, including purchases at strikes $52.5, $55, $57.5, and $60, totaling $4,498,100 in premiums. Additionally, notable put sales at the same strikes accounted for $2,043,350.
Total Values: $6,541,450 in total premiums.
Strike Price: $52.5 to $60.
Expectations: With a spot price of $44.465, the put buying reflects bearish expectations, while the put selling suggests bullish hedging or stabilization bets.


MicroStrategy (MSTR)
Sentiment: Bullish
Options Activity: Significant call purchase for the 2024-12-06 expiration at $350 strike, totaling $17,364,200 in premiums.
Total Values: $17,364,200 in total premiums.
Strike Price: $350.
Expectations: Spot price of $379.145 indicates an optimistic view of further upside, possibly anticipating a price rally beyond current levels.


AMC Entertainment (AMC)

Sentiment: Bearish
Options Activity: A trader sold calls expiring on January 17, 2025, with a strike price of $5. Premium paid totaled $48,000 across 20,135 contracts, at an implied volatility of 0.79. The trade conditions were multi-sweep, suggesting high conviction in the bearish sentiment.
Total Values: $48,000
Strike Price: $5
Expectations: Spot price was $5.04 at the time of the trade. Since the strike price is below the spot price, the seller is betting that the stock will not rally above the strike, indicating bearish sentiment.


McEwen Mining (MUX)
Sentiment: Bullish
Options Activity: A trader sold puts expiring on May 16, 2025, with a strike price of $12. Premiums totaled $253,083 across 43 contracts, at an implied volatility of 0.49. The trade exceeded prior open interest, signaling new positions with bullish expectations.
Total Values: $253,083
Strike Price: $12
Expectations: Spot price was $8.33, significantly below the strike price. Selling these puts reflects confidence that the stock will stay above $12, a bullish outlook.


Virgin Galactic (SPCE)
Sentiment: Bullish
Options Activity: Two call buys with identical terms were executed for December 27, 2024, expiration, with a strike price of $7. A total of 30 contracts were purchased at a premium of $95,615 and $95,355, respectively, with implied volatilities of 0.89. Both were size greater than prior open interest, showing aggressive bullish sentiment.
Total Values: $190,970
Strike Price: $7
Expectations: Spot price was $7.025, slightly above the strike price. Buying these calls indicates expectations for further upward movement.


Plains All American Pipeline (PAA)
Sentiment: Bearish
Options Activity: A trader sold calls expiring on January 16, 2026, with a strike price of $15. Premium paid totaled $111,535 across 9,353 contracts, with an implied volatility of 0.23. The trade type was multi-sweep.
Total Values: $111,535
Strike Price: $15
Expectations: Spot price was $18.27, well above the strike price. Selling calls in this scenario suggests a bearish outlook or limited upside expectations.


NIO Inc. (NIO)
Sentiment: Bullish
Options Activity: A call buy expiring on April 17, 2025, with a strike price of $4. A total of 7,451 contracts were purchased for $100,000 at an implied volatility of 0.74. The trade type was multi-sweep.
Total Values: $100,000
Strike Price: $4
Expectations: Spot price was $4.415, just above the strike price. Buying these calls indicates bullish sentiment with expectations for further price increases.


Eli Lilly (LLY)
Sentiment: Bullish
Options Activity: A call buy expiring on January 17, 2025, with a strike price of $820. Premium paid totaled $2,137,500 across 1,345 contracts, at an implied volatility of 0.32. The trade was executed via box trade.
Total Values: $2,137,500
Strike Price: $820
Expectations: Spot price was $795.896, slightly below the strike price. Buying these calls suggests strong bullish sentiment anticipating a significant price increase.


Fastly (FSLY)
Sentiment: Bullish
Options Activity: A call buy expiring on January 3, 2025, with a strike price of $9. A total of 363 contracts were purchased for $52,545 at an implied volatility of 0.77. The trade type was multi-sweep.
Total Values: $52,545
Strike Price: $9
Expectations: Spot price was $10.075, above the strike price. This trade reflects a continuation of bullish momentum.


Ocean Power Technoloies (OPTT)
Sentiment: Bearish
Options Activity: Calls with a strike price of $1 and expiration of January 17, 2025, were sold. Premiums totaled $65,615 across 6,052 contracts. Trades exceeded prior open interest and implied volatilities ranged from 3.45 to 3.78.
Total Values: $65,615
Strike Price: $1
Expectations: Spot price was $0.757, below the strike price. Selling these calls reflects bearish sentiment or expectations that the stock will not significantly increase.


Brief Observations on Other Stocks:

  • PDD Holdings Inc. (PDD): Net premium of $6,344,420, supported by $5,247,636 in call buying against $3,430,348 in call selling. Put activity showed $2,588,220 in puts bought and $7,115,352 in puts sold. The sentiment leans slightly bullish, with the activity suggesting stability or mild optimism for the stock’s near-term performance.
  • Amazon.com, Inc. (AMZN): Net premium of $6,160,067, driven by $12,543,765 in call buying and $8,337,939 in call selling. Put activity remained light, with $638,850 in puts bought and $2,593,091 in puts sold. The sentiment is slightly bullish, indicating institutional interest in the stock’s potential upside.
  • Alibaba Group Holding Limited (BABA): Net premium of $5,531,850, with $1,540,627 in call buying and $1,929,455 in call selling. Put activity included $338,556 in puts bought and $6,259,234 in puts sold. The sentiment appears mixed but slightly bullish, driven by significant put selling suggesting expectations of price stability.
  • Hims & Hers Health, Inc. (HIMS): Modest net premium of $4,824,063, driven by $139,920 in call buying against $1,906,706 in call selling. Significant put activity included $2,025,986 in puts bought and $8,616,835 in puts sold. The sentiment leans bullish, with strong put selling suggesting expectations of support at current levels.

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

PBF Energy Inc (PBF)
Buyer: Control Empresarial de Capitales S.A. de C.V. (Large Shareholder)
Shares Purchased: 409,000 (+1.5%)
Price: USD 31.58
Total Value: USD 12,916,956

Prospect Capital Corp (PSEC)
Buyer: Eliasek M. Grier (Chief Operating Officer)
Shares Purchased: 210,000 (+12.3%)
Price: USD 4.79
Total Value: USD 1,005,858

ThredUp Inc (TDUP)
Buyer: Ian Friedman (Non-Executive Director)
Shares Purchased: 50,000 (+16.1%)
Price: USD 1.52
Total Value: USD 75,815

Newmont Corporation (NEM)
Buyer: Conger Harry M. IV (Non-Executive Director)
Shares Purchased: 9,498 (+190.0%)
Price: USD 42.15
Total Value: USD 400,335

Digital Turbine Inc (APPS)
Buyer: Michelle M. Sterling (Non-Executive Director)
Shares Purchased: 7,000 (+39.7%)
Price: USD 1.43
Total Value: USD 10,010

US Insider Sales

Procter & Gamble Co (PG)
Seller: Gary A. Coombe (CEO – Grooming)
Shares Sold: 47,847 (-54.5%)
Price: USD 179.84
Total Value: USD 8,604,685

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Large Shareholder)
Shares Sold: 268,409 (-1.3%)
Price: USD 23.32
Total Value: USD 6,258,332

Elastic NV (ESTC)
Seller: Shay Banon (Chief Technology Officer)
Shares Sold: 74,066 (-2.9%)
Price: USD 109.70
Total Value: USD 8,125,040

Quest Diagnostics Inc (DGX)
Seller: Catherine T. Doherty (EVP, Regional Businesses)
Shares Sold: 28,300 (-29.3%)
Price: USD 163.13
Total Value: USD 4,616,709

Ingredion Inc (INGR)
Seller: James D. Gray (Executive VP and CFO)
Shares Sold: 19,620 (-60.5%)
Price: USD 146.76
Total Value: USD 2,879,392


CDN Insider Purchases

Namibia Critical Metals Inc (NMI)
Buyer: Herlihy, Stephen Richard (Director of Issuer)
Shares Purchased: 7,342,857 (+8.5%)
Price: CAD 0.04
Total Value: CAD 257,000

Red Lake Gold Inc (RGLD)
Buyer: Kalt, Ryan (Executive Director, Large Shareholder)
Shares Purchased: 3,000,000 (+24.4%)
Price: CAD 0.05
Total Value: CAD 150,000

Premium Brands Holdings Corp (PBH)
Buyer: PALEOLOGOU, GEORGE (Executive Director)
Shares Purchased: 2,000 (+0.5%)
Price: CAD 79.00
Total Value: CAD 158,000

Cogeco Communications Inc (CCA)
Buyer: Bienenstock, Robin Anne (Director or Senior Officer of 10% Security Holder)
Shares Purchased: 2,156 (+87.3%)
Price: CAD 69.66
Total Value: CAD 150,189

Buscando Resources Corp (BRCO)
Buyer: Hardy, Samuel Anthony Kyler (Executive Director, Large Shareholder)
Shares Purchased: 500,000 (+21.2%)
Price: CAD 0.10
Total Value: CAD 50,000

CDN Insider Sales

Galaxy Digital Holdings Ltd (DE)
Seller: Koutsouras, Bill (Non-Executive Director)
Shares Sold: 50,000
Price: CAD 25.00
Total Value: CAD 1,250,000

Alamos Gold Inc (AGI)
Seller: Thompson, Rebecca (Officer)
Shares Sold: 9,300 (-45.5%)
Price: CAD 26.37
Total Value: CAD 245,241

Peyto Exploration & Development Corp (PEY)
Seller: Lachance, Jean-Paul Henri (Executive Director)
Shares Sold: 15,500 (-3.3%)
Price: CAD 16.75
Total Value: CAD 259,625

VersaBank (VBNK)
Seller: Letford, Ian Robert (Director or Senior Officer of 10% Security Holder)
Shares Sold: 5,000 (-49.8%)
Price: CAD 25.05
Total Value: CAD 125,250


Institutional Spotlight: Point72 Hong Kong Ltd and Steven Cohen’s Strategic Moves

Point72 Hong Kong Ltd, under the leadership of renowned hedge fund manager Steven Cohen, has showcased a robust portfolio valued at $1.47 billion as of the most recent SEC filings. This diverse portfolio spans 438 positions, with notable activity in technology and emerging market sectors. The top holdings include JD.com, Inc. (US:JD), NVIDIA Corporation (US:NVDA), JOYY Inc. (US:YY), Taiwan Semiconductor Manufacturing Company (US:TSM), and Amer Sports, Inc. (US:AS), reflecting a strong emphasis on growth-oriented equities in cutting-edge and global markets.

New positions highlight Point72’s dynamic strategy, including fresh investments in Ferguson Enterprises Inc. (US:FERG), iShares MSCI Emerging Markets ETF (US:EEM), and The Consumer Staples Select Sector SPDR Fund (US:XLP). These acquisitions suggest a strategic pivot towards diversifying exposure into resilient sectors and international markets, signaling confidence in broader economic recovery and emerging market potential.

Portfolio adjustments this quarter underline Point72’s responsiveness to evolving market dynamics. Notable increases include a 4.99% rise in portfolio allocation to JD.com (US:JD), bolstered by an addition of 1.83 million shares valued at $73.31 million. NVIDIA Corporation (US:NVDA), a long-standing leader in AI and semiconductor innovation, saw a 3.71% allocation increase, with an investment of $71.69 million. Similarly, stakes in Ferguson Enterprises Inc. and Intuit Inc. were amplified, reflecting a targeted focus on sectors like software and construction services that promise long-term growth.

Sector-wise, Point72’s emphasis on “Construction Special Trade Contractors”, “Educational Services”, and “Agricultural Services” showcases its commitment to industries pivotal to global infrastructure and sustainability.

These strategic maneuvers underscore Steven Cohen’s adeptness at capitalizing on emerging trends while maintaining a balanced approach to risk and reward. With substantial increases in leading tech and service-oriented stocks, Point72 continues to position itself as a key player in institutional investing.


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 – 2024-11-30

AA, AAPL, AESI, AEYE, AFRM, AGX, ALL, AM, AMP, AMSC, AMZN, ANET, AOSL, APD, APLD, APO, APP, ARES, ARIS, ATMU, AXON, AXP, AY, BDC, BECN, BGNE, BK, BLFS, BLK, BN, BOX, BRBS, BROS, BTDR, BV, BWIN, BX, CAAP, CARG, CART, CCL, CEG, CHWY, CIEN, CIFR, CIO, CKPT, CLBT, CLM, CLS, CMI, CNK, CNTA, COHR, COOP, CORZ, CRDO, CRH, CTAS, CVNA, CW, DAL, DCTH, DECK, DLR, DTM, DUOL, EHC, ELDN, EME, EQH, ETN, EWTX, EZPW, FFIV, FI, FINV, FIX, FLUT, FNGS, FRHC, FTAI, FTNT, GILD, GKOS, GLBE, GLW, GMED, GOLF, GRND, GTES, GWRE, HD, HIMS, HLMN, HLT, HMN, HPE, HRI, HWM, IBKR, IBM, IESC, INOD, IP, IPI, IREN, ISRG, ITT, JCI, JHG, KAI, KGS, KKR, KMPR, KN, KTOS, KVYO, LAZ, LBTYA, LITE, LMB, MA, MAMA, MD, MGNI, MIR, MLNK, MMM, MOD, MP, MRCY, MRVL, MTSI, MTUM, MWA, NATL, NBXG, NCNO, NFLX, NN, NOW, NRG, NUTX, OFIX, OMF, ONON, OOMA, OUT, PCT, PFSI, PGR, PHX, PLTR, PLXS, PPC, PRAX, PRIM, PYPL, QFIN, QTWO, RBLX, RCL, RDW, REAL, REPL, REVG, ROAD, RSI, RTX, RYAN, SANM, SAP, SATX, SCHW, SFM, SHW, SLVM, SMR, SNDR, SNT, SPB, SPOT, SPXC, SR, SSO, STEP, SWI, TGLS, TGNA, TOST, TSLA, TT, TTD, TTWO, TVTX, UAL, UFPT, UNFI, UNH, VEON, VRT, VSCO, VST, VTV, VTWO, VUG, WAB, WCC, WIX, WLFC, WMT, WSM, WULF, XHB, XLF, YPF, ZBRA, ZWS

 

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-30

AAUC.TO, AC.TO, ACO/X.TO, ADEN.TO, AG.TO, AGF/B.TO, AGI.TO, ALA.TO, AP/UN.TO, AQN.TO, ARG.TO, ARTG.V, ARX.TO, ATRL.TO, ATZ.TO, BAM.TO, BCT.TO, BDT.TO, BMO.TO, BN.TO, BNS.TO, BTO.TO, CAE.TO, CAS.TO, CCA.TO, CCO.TO, CEU.TO, CF.TO, CGY.TO, CHP/UN.TO, CIGI.TO, CJR/B.TO, CLS.TO, CM.TO, CNE.TO, CP.TO, CPX.TO, CRR/UN.TO, CTC/A.TO, CU.TO, CWB.TO, DBM.TO, DML.TO, DOL.TO, DPM.TO, DPRO.CA, DSG.TO, DXT.TO, EMA.TO, ENB.TO, ENGH.TO, EQB.TO, EQX.TO, EXE.TO, FC.TO, FCR/UN.TO, FFH.TO, FIL.TO, FM.TO, FSZ.TO, FURY.TO, GFL.TO, GLXY.TO, GRT/UN.TO, GWO.TO, HBM.TO, HITI.V, IAG.TO, IGM.TO, IMG.TO, ITR.V, KEY.TO, KMP/UN.TO, LAAC.TO, LAC.TO, LB.TO, LIF.TO, LSPD.TO, LUG.TO, MAG.TO, MDA.TO, MFC.TO, MG.TO, MI/UN.TO, MTL.TO, MTY.TO, NA.TO, NFI.TO, NGD.TO, NOA.TO, NVA.TO, NWH/UN.TO, NXE.TO, OGC.TO, OLA.TO, OR.TO, PAAS.TO, PET.TO, PHX.TO, PIF.TO, POU.TO, POW.TO, PRL.TO, PTK.V, PTM.TO, QBR/B.TO, RCH.TO, REI/UN.TO, RUS.TO, RY.TO, SIA.TO, SII.TO, SIL.TO, SLF.TO, SRU/UN.TO, SSRM.TO, STN.TO, T.TO, TA.TO, TCW.TO, TFII.TO, TFPM.TO, TOU.TO, TOY.TO, TRI.TO, TVE.TO, TXG.TO, VET.TO, VHI.TO, VNP.TO, WN.TO, WPK.TO, WPM.TO, WSP.TO, WTE.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!

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