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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.

Options Flow Analysis: Trading Day 2024-12-23

The following analysis focuses on the Stock Options Flow Leaderboard for the trading day 2024-12-23. Each section highlights significant institutional activity, providing sentiment, key observations, and market expectations based on the data. All numbers represent large block trades likely executed by institutional players, not total-market figures.

NVIDIA Corporation (NVDA)

Sentiment: Bullish
Options Activity: High call premium activity with $160.51 million in calls bought and $110.57 million in calls sold. Puts bought totaled $12.66 million, while puts sold reached $8.37 million.
Total Values: Net premium of $45.64 million.
Strike Price Considerations: A strong emphasis on call premiums underscores expectations of upward price movement.
Market View and Expectations: Institutional investors show robust bullish sentiment, likely anticipating continued upside in NVDA’s stock performance.

Wolfspeed, Inc. (WOLF)

Sentiment: Bullish
Options Activity: Call premium bought reached $498,394, with call premium sold at $188,412. Notable put selling activity accounted for $8.18 million.
Total Values: Net premium of $8.49 million.
Strike Price Considerations: Put selling at this scale indicates confidence in price stability above key support levels.
Market View and Expectations: The dominant put selling reflects a bullish outlook, as institutions anticipate stable or rising prices for WOLF.

Freeport-McMoRan Inc. (FCX)

Sentiment: Bullish
Options Activity: $10.66 million in calls bought, offset by $1.05 million in calls sold. Put selling totaled $285,200, with minimal put buying at $374,161.
Total Values: Net premium of $9.52 million.
Strike Price Considerations: Strong call activity and limited put buying reflect expectations of upward momentum.
Market View and Expectations: FCX indicates bullish sentiment with a focus on upside potential in the stock.

Broadcom Inc. (AVGO)

Sentiment: Bullish
Options Activity: Calls bought amounted to $19.62 million, with calls sold at $12.01 million. Puts bought and sold were minimal in comparison.
Total Values: Net premium of $7.21 million.
Strike Price Considerations: Emphasis on call activity suggests confidence in upward movement.
Market View and Expectations: Bullish positioning reflects institutional expectations of growth in AVGO’s stock price.

Johnson & Johnson (JNJ)

Sentiment: Bullish
Options Activity: Calls bought reached $9.88 million, with minimal put activity. Put selling totaled $4.75 million, reinforcing a bullish stance.
Total Values: Net premium of $13.91 million.
Strike Price Considerations: Positive sentiment is evident through the significant call activity and minimal put buying.
Market View and Expectations: Institutions display a bullish outlook, likely tied to expectations of stability or moderate growth.

Concluding Observations:

The options flow leaderboard highlights bullish sentiment for several key stocks, with NVDA, WOLF, and AVGO showing strong upward expectations. Overall, institutional activity suggests a positive market outlook for the highlighted stocks.

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

Petroleum Services Group AS (AGR)
Buyer: Iberdrola, S.A. (Large Shareholder)
Shares Purchased: 71,350,792 (+100.0%)
Price: USD 35.75
Total Value: USD 2,550,790,814

New Mountain Guardian IV Income Fund, L.L.C. (None)
Buyer: Suva (Large Shareholder)
Shares Purchased: 1,300,000 (+40.0%)
Price: USD 10.00
Total Value: USD 13,000,000

Marker Therapeutics Inc (MRKR)
Buyer: New Enterprise Associates 16, L.P. (Large Shareholder)
Shares Purchased: 554,250 (+51.7%)
Price: USD 3.20
Total Value: USD 1,773,600

CCC Intelligent Solutions Holdings Inc (CCCS)
Buyer: De Crescenzo Neil E. (Non-Executive Director)
Shares Purchased: 100,000 (+inf%)
Price: USD 12.16
Total Value: USD 1,216,240

Globalstar Inc (GSAT)
Buyer: Monroe James III (Large Shareholder)
Shares Purchased: 500,000 (+5.4%)
Price: USD 1.97
Total Value: USD 985,050

US Insider Sales

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Large Shareholder)
Shares Sold: 268,410 (-3.5%)
Price: USD 25.68
Total Value: USD 6,893,735

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Large Shareholder)
Shares Sold: 268,410 (-3.4%)
Price: USD 24.50
Total Value: USD 6,576,045

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Large Shareholder)
Shares Sold: 268,410 (-3.2%)
Price: USD 23.32
Total Value: USD 6,258,355

D-Wave Quantum Inc (QBTS)
Seller: Public Sector Pension Investment Board (Large Shareholder)
Shares Sold: 1,000,000 (-100.0%)
Price: USD 6.68
Total Value: USD 6,678,200

Oklo Inc. (OKLO)
Seller: DeWitte Jacob (Co-Founder, CEO)
Shares Sold: 228,248 (-1.8%)
Price: USD 21.63
Total Value: USD 4,936,548

Innodata Inc (INOD)
Seller: Toor Nauman Sabeeh (Non-Executive Director)
Shares Sold: 110,207 (-34.5%)
Price: USD 44.00
Total Value: USD 4,849,108

CDN Insider Purchases

Falco Resources Ltd (FPC)
Buyer: Osisko Development Corp. (10% Security Holder)
Shares Purchased: 1,790,000 (+3.8%)
Price: CAD 0.25
Total Value: CAD 447,500

Abasca Resources Inc (ABA)
Buyer: Fan, Yuning Billy (10% Security Holder)
Shares Purchased: 5,562,500 (+24.4%)
Price: CAD 0.16
Total Value: CAD 890,000

Abasca Resources Inc (ABA)
Buyer: Zhou, Dawn (10% Security Holder, Director, Senior Officer)
Shares Purchased: 5,562,500 (+24.4%)
Price: CAD 0.16
Total Value: CAD 890,000

Abasca Resources Inc (ABA)
Buyer: 9169601 Canada Inc. (10% Security Holder)
Shares Purchased: 5,562,500 (+24.4%)
Price: CAD 0.16
Total Value: CAD 890,000

Abasca Resources Inc (ABA)
Buyer: 101159623 Saskatchewan Ltd. (10% Security Holder)
Shares Purchased: 5,500,000 (+21.5%)
Price: CAD 0.16
Total Value: CAD 880,000

Minto Apartment Real Estate Investment Trust (MI.UN)
Buyer: Kimberley, Allan Scott (Director)
Shares Purchased: 9,000 (+225.0%)
Price: CAD 13.32
Total Value: CAD 119,880

Granite Real Estate Investment Trust (GRT.UN)
Buyer: Neto, Teresa (Senior Officer)
Shares Purchased: 1,248 (+8.3%)
Price: CAD 72.09
Total Value: CAD 89,969

CDN Insider Sales

Rain City Resources Inc (RAIN)
Seller: Damien Edward Reynolds (10% Security Holder)
Shares Sold: 100,000 (-0.4%)
Price: CAD 0.08
Total Value: CAD 7,500

Rain City Resources Inc (RAIN)
Seller: Emma Fairhurst (10% Security Holder)
Shares Sold: 100,000 (-0.4%)
Price: CAD 0.08
Total Value: CAD 7,500

Rain City Resources Inc (RAIN)
Seller: 1459988 BC Ltd (10% Security Holder)
Shares Sold: 100,000 (-0.4%)
Price: CAD 0.08
Total Value: CAD 7,500

Institutional Spotlight: Innoviz Technologies (INVZ)

Innoviz Technologies Ltd., a leader in LiDAR technology, is witnessing significant shifts in institutional ownership as its stock grapples with a dramatic decline in valuation. As of December 20, 2024, the share price stands at $1.15, a sharp 54.90% decrease from its $2.55 mark on December 26, 2023. This performance has influenced institutional positioning, with notable changes over the most recent quarter (MRQ).

Currently, 91 institutional owners hold a combined 53,751,264 shares, representing 32.21% of the company’s outstanding shares (166,859,797 total). This figure marks a decline of 5.50 million shares, or -9.28% MRQ, highlighting a reduction in institutional confidence. Among these institutions, 86 are long-only holders, while five maintain both long and short positions. No short-only holdings were reported.

Prominent shareholders include Citigroup Inc., Antara Capital LP, Migdal Insurance & Financial Holdings Ltd., and Phoenix Holdings Ltd. These institutions collectively underscore a diverse mix of active and passive strategies. Notably, Schedule 13D filings, signaling active intent to influence corporate strategy, are sparse, suggesting a generally passive approach among stakeholders.

The average portfolio allocation to Innoviz rose by a staggering 84.90% MRQ to 0.1363%, which may indicate heightened interest or rebalancing by certain holders despite the broader decline in ownership. However, the institutional value of long positions stands at a modest $34.88 million, reflecting the impact of the stock’s diminished price on overall valuations.

These institutional dynamics paint a nuanced picture: while the stock has suffered significant depreciation, its technology and potential growth opportunities continue to attract notable players in the financial ecosystem. The presence of high-profile shareholders like Neuberger Berman Group LLC and Harel Insurance Investments & Financial Services Ltd. signals some enduring confidence in Innoviz’s long-term prospects, even amid current headwinds.

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 – 2024-12-21

ELUT, XMTR, BTDR, CKPT, RDW, PSNL, MNKD, PLTR, INOD, LENZ, KINS, APP, CCL, REAL, SRRK, VEON, ARQT, LUNR, VSCO, NEXT, NCLH, CLBT, AXGN, MDGL, PRAX, GKOS, BLFS, DOCS, TOST, VCTR, CEE, HPE, RSI, MGNI, CHWY, WRBY, ONON, DTM, PMTS, ANET, EQH, MTZ, BROS, ELDN, WEAV, CRWD, Z, WLFC, KVYO, ARES, FCNCA, WGS, DECK, GRND, CLS, MRVL, FTNT, ATAT, WTM, GLBE, FOUR, CRDO, PTCT, OSW, SSNC, DUOL, ALLT, RBLX, DASH, VRNA, UAL, AXP, AAPL, CMPO, CIEN, TW, ZM, BMY, LITE, MIR, WIX, TARS, MRCY, GOOG, OWL, GILD, QTWO, GOOGL, KRNT, LUV, RDVT, NOW, HLT, TGNA, YPF, USM, FLUT, TSM, USFD, GPI, IBKR, BLK, SWI, AVGO, VUG, ROAD, KD, TGLS, FNGS, QFIN, SAP, ETR, GMED, NFLX, PRIM, AMZN, OB, PYPL, BSX, SWIM, DOCU, HCP, AUR

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-12-21

APS.TO, BB.TO, GLO.TO, CNE.TO, TWM.TO, BLDP.TO, OGI.TO, ATZ.TO, PPTA.TO, GTII.CA, CWB.TO, CAE.TO, GLXY.TO, TVE.TO, WILD.TO, ET.TO, CRON.TO, SPB.TO, GOOS.TO, MTY.TO, ARG.TO, NFI.TO, EXE.TO, CLS.TO, HITI.V, CEF.TO, ECN.TO, VNP.TO, EIF.TO, ATD.TO, TSAT.TO, MDA.TO, TOY.TO, ENB.TO, EFN.TO, WSP.TO, WELL.TO, ATRL.TO, RCH.TO, ENGH.TO, VHI.TO, GWO.TO, IFC.TO, CPX.TO, MX.TO, ALA.TO, SVM.TO, SSRM.TO, ALS.TO, PIF.TO, EMA.TO, ARE.TO, GEI.TO, CEU.TO, DXT.TO, FFH.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!