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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.

KWEB
Sentiment: Bullish
Options Activity:

• Bought calls with a strike of $32 expiring December 20, 2024, and spot price of $34.24. Premium: $551,500.
  Total Values: $551,500
  Strike Price: $32
  Expectations: Bullish sentiment as calls bought below the current spot price anticipate upward movement.

Marvell Technology (MRVL)
Sentiment: Bearish
Options Activity:

• Sold calls with a strike of $80 expiring June 20, 2025, and spot price of $110.48. Premium: $2,021,645.
  Total Values: $2,021,645
  Strike Price: $80
  Expectations: Bearish sentiment reflected by call selling well below spot price, anticipating downside or limited upside.

Silver Trust (SIVR)
Sentiment: Neutral
Options Activity:

• Sold calls with a strike of $30 expiring January 17, 2025, and spot price of $30.81. Premium: $48,900.
  Total Values: $48,900
  Strike Price: $30
  Expectations: Neutral sentiment with minimal deviation between strike and spot prices.

Cloudflare (NET)
Sentiment: Bearish
Options Activity:

• Bought puts with a strike of $115 expiring December 20, 2024, and spot price of $113.60. Premium: $473,600.
  Total Values: $473,600
  Strike Price: $115
  Expectations: Bearish sentiment, as puts bought above current spot price hedge against potential downside.

SOUNDHOUND (SOUN)
Sentiment: Mixed
Options Activity:

• Sold calls with a strike of $15 expiring December 20, 2024, and spot price of $15.05. Premium: $225,774.
• Bought calls with a strike of $5.5 expiring December 20, 2024, and spot price of $15. Premium: $1,080,956.
  Total Values: $1,306,730
  Strike Price: $5.5–$15
  Expectations: Mixed sentiment as lower strike calls suggest bullishness, but higher strike call selling reflects limited upside.

Palantir Technologies (PLTR)
Sentiment: Bearish
Options Activity:

• Bought puts with a strike of $70 expiring February 21, 2025, and spot price of $77.31. Premium: $1,288,710.
  Total Values: $1,288,710
  Strike Price: $70
  Expectations: Bearish sentiment reflected by hedging against downside risk with puts below spot price.

Pinduoduo (PDD)
Sentiment: Bearish
Options Activity:

• Sold calls with a strike of $105 expiring January 16, 2026, and spot price of $110.33. Premium: $2,505,420.
  Total Values: $2,505,420
  Strike Price: $105
  Expectations: Bearish sentiment as call selling near spot price indicates limited growth expectations.

Disney (DIS)
Sentiment: Bearish
Options Activity: Bought $105 strike puts expiring March 21, 2025, with a premium of $475,000.
Expectations: Spot price of $115.215 suggests anticipation of a decline below $105.

Fastly (FSLY)
Sentiment: Bearish
Options Activity:

• 39-day-to-expiry (17 January 2025) CALL with a strike price of $12.50 sold for $86,000 premium. Trade occurred on CBOE with implied volatility at 0.84. Spot price at $11.395, a 9.7% premium over the strike.

Total Values: $86,000
Strike Price: $12.50
Expectations: Bearish sentiment suggests FSLY will remain below $12.50, with minimal upside anticipated.

VXX
Sentiment: Bullish
Options Activity:

• 39-day-to-expiry (17 January 2025) PUT with a strike price of $45 bought for $365,134 premium. Multi-sweep trade with implied volatility of 0.69. Spot price at $42.25, a 6.51% discount to the strike.

Total Values: $365,134
Strike Price: $45
Expectations: Bullish sentiment indicates expectation for VXX to stay above $45 by expiry, likely as a hedge.

X4 Pharmaceuticals (XFOR)
Sentiment: Bullish
Options Activity:

• Multiple trades:
  • CALL with a strike price of $0.50 expiring on 17 January 2025, premiums totaling $25,595 across different trade executions. Spot price fluctuating near $0.50.

Total Values: $25,595
Strike Price: $0.50
Expectations: Bullish sentiment signals expectations for XFOR to rise above $0.50 by expiry, evident from repeated large buys.

Texas Roadhouse (TXRH)
Sentiment: Bearish
Options Activity:

• 11-day-to-expiry (20 December 2024) CALL with a strike price of $145 sold for $4,761,250 premium. Large trade size exceeding prior open interest. Spot price at $192.69, a -24.75% discount to the strike.

Total Values: $4,761,250
Strike Price: $145
Expectations: Bearish sentiment reflects expectation for TXRH to stay below $145 near-term, possibly due to dividends or external factors.

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

Aurinia Pharmaceuticals Inc (AUP)
Buyer: Kevin Tang (Non-Executive Director)
Shares Purchased: 500,000 (+6.3%)
Price: USD 9.09
Total Value: USD 4,545,000

Chimera Investment Corp (CIM)
Buyer: Jack Lee Jr. Macdowell (Chief Investment Officer)
Shares Purchased: 50,000 (+100.0%)
Price: USD 14.91
Total Value: USD 745,500

60 Degrees Pharmaceuticals Inc (SXTP)
Buyer: Geoffrey S. Dow (President and CEO)
Shares Purchased: 35,823 (+61.0%)
Price: USD 1.27
Total Value: USD 45,563

Tile Shop Holdings Inc (TTSH)
Buyer: Fund 1 Investments, LLC (Large shareholder)
Shares Purchased: 30,500 (+0.4%)
Price: USD 6.69
Total Value: USD 203,972

Shoe Carnival Inc (SCVL)
Buyer: Wayne J. Weaver (Chairman of the Board)
Shares Purchased: 285,500 (+7.3%)
Price: USD 33.91
Total Value: USD 9,681,305

Donegal Group Inc (DGICA)
Buyer: Donegal Mutual Insurance Co. (Large shareholder)
Shares Purchased: 260,000 (+2.0%)
Price: USD 16.67
Total Value: USD 4,334,720

Aurinia Pharmaceuticals Inc (AUP)
Buyer: Kevin Tang (Non-Executive Director)
Shares Purchased: 400,000 (+5.3%)
Price: USD 9.01
Total Value: USD 3,604,000

LendingTree Inc (TREE)
Buyer: Douglas R. Lebda (Chairman & CEO)
Shares Purchased: 13,000 (+12.0%)
Price: USD 39.72
Total Value: USD 516,360

US Insider Sales

Kellogg Co (K)
Seller: Kellogg W K Foundation Trust (Large shareholder)
Shares Sold: 114,583 (-0.2%)
Price: USD 80.70
Total Value: USD 9,246,688

Fair Isaac Corp (FICO)
Seller: Mark R. Scadina (EVP, General Counsel & Secretary)
Shares Sold: 2,573 (-12.9%)
Price: USD 2,390.00
Total Value: USD 6,149,470

Credo Technology Group Holding Ltd (CRDO)
Seller: Lip Bu Tan (Non-Executive Director)
Shares Sold: 85,142 (-5.3%)
Price: USD 73.55
Total Value: USD 6,262,228

Snap-On Inc (SNA)
Seller: Nicholas T. Pinchuk (Chairman, President and CEO)
Shares Sold: 10,951 (-1.4%)
Price: USD 353.57
Total Value: USD 3,871,924

Imax Corp (IMAX)
Seller: Robert D. Lister (Chief Legal Officer & Sr. EVP)
Shares Sold: 55,910 (-28.7%)
Price: USD 25.50
Total Value: USD 1,425,945

GigaCloud Technology Inc (GCT)
Seller: Xin Wan (Chief Technology Officer)
Shares Sold: 80,000 (-8.4%)
Price: USD 22.14
Total Value: USD 1,771,200

Kroger Co (KR)
Seller: Yael Cosset (Senior Vice President and CIO)
Shares Sold: 30,000 (-15.4%)
Price: USD 58.54
Total Value: USD 1,756,260

Coinbase Global Inc (COIN)
Seller: Emilie Choi (President & COO)
Shares Sold: 102,853 (-42.1%)
Price: USD 349.06
Total Value: USD 35,902,084

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Non-Executive Director, Large shareholder)
Shares Sold: 268,410 (-1.7%)
Price: USD 25.68
Total Value: USD 6,893,735

Fair Isaac Corp (FICO)
Seller: Mark R. Scadina (EVP, General Counsel & Secretary)
Shares Sold: 2,573 (-12.9%)
Price: USD 2,390.00
Total Value: USD 6,149,470

Donegal Group Inc (DGICA)
Seller: Kevin Gerard Burke (President & Chief Executive Officer)
Shares Sold: 90,000 (-89.4%)
Price: USD 16.67
Total Value: USD 1,500,480

Kroger Co (KR)
Seller: Timothy A. Massa (Senior Vice President)
Shares Sold: 25,889 (-18.3%)
Price: USD 60.12
Total Value: USD 1,556,498

Atlassian Corp (TEAM)
Seller: Scott Farquhar (Non-Executive Director, Large shareholder)
Shares Sold: 5,330 (-4.0%)
Price: USD 278.62
Total Value: USD 1,485,036

CDN Insider Purchases

Peyto Exploration & Development Corp (PEY)
Buyer: Jean-Paul Henri Lachance (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 10,000 (+25.0%)
Price: CAD 16.16
Total Value: CAD 161,600

Spanish Mountain Gold Ltd (SPA)
Buyer: Lembit Janes (Director of Issuer)
Shares Purchased: 688,000 (+1.0%)
Price: CAD 0.10
Total Value: CAD 68,800

ACT Energy Technologies Ltd.
Buyer: Roderick Donald Maxwell (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 5,000 (+9.1%)
Price: CAD 6.40
Total Value: CAD 32,000

CDN Insider Sales

Blockmate Ventures Inc (MATE)
Seller: Konstantin Lichtenwald (Senior Officer of Issuer)
Shares Sold: 300,000 (-66.7%)
Price: CAD 0.14
Total Value: CAD 40,800

Pinetree Capital Ltd (PNP)
Seller: L6 Holdings Inc. (10% Security Holder of Issuer)
Shares Sold: 3,000 (-0.1%)
Price: CAD 14.56
Total Value: CAD 43,680

VersaBank (VBNK)
Seller: Ian Robert Letford (Director or Senior Officer of 10% Security Holder)
Shares Sold: 700 (-67.2%)
Price: CAD 25.20
Total Value: CAD 17,640

Institutional Spotlight:Vizsla Silver (VZLA)

Vizsla Silver Corp. (TSX:VZLA) (AMEX:VZLA) has drawn significant attention from institutional investors, marking a robust shift in its ownership landscape. Recent data reveals that the company now boasts 61 institutional owners, all holding exclusively long positions, signaling strong bullish sentiment. This marks a 56.41% increase in institutional ownership quarter-over-quarter. Institutional shareholders now control 106,427,434 shares, representing 38.18% of the company’s total outstanding shares, an increase of 41.37 million (+63.58% MRQ).

Notable institutional holders include Sprott Inc., Franklin Resources Inc., Amplify ETF Trust – Amplify Junior Silver Miners ETF, and Van Eck Associates Corp.. These major players highlight a blend of active and passive strategies, with Schedule 13D filings signaling an intent for active engagement and Schedule 13G filings reflecting passive investments exceeding 5% ownership. Amplify Junior Silver Miners ETF and VanEck Vectors Junior Gold Miners ETF (GDXJ) are particularly noteworthy, reflecting a rising institutional interest in silver-focused equities.

The company’s share price has demonstrated remarkable performance, climbing from $1.52 on December 11, 2023, to $2.54 as of December 6, 2024, a 67.11% increase year-over-year. Institutional value (long) currently totals $189.1 million USD, further affirming the confidence of institutional players in Vizsla Silver’s growth trajectory. With an average portfolio allocation of 0.3154%, a 63.60% increase MRQ, institutions are increasingly positioning Vizsla Silver as a strategic component within their broader investment frameworks.

Today’s bullish momentum in the silver market underscores the relevance of Vizsla Silver Corp. as a favored vehicle for exposure to the sector’s strength. The uptick in institutional sponsorship aligns with heightened demand for silver investments, driven by favorable macroeconomic trends and a rising interest in precious metals as a hedge against economic uncertainties.

In summary, Vizsla Silver Corp. is enjoying a strong surge in institutional confidence, supported by significant buy activity from high-profile funds and ETFs. This increased attention reflects the company’s operational potential and the broader bullish sentiment in the silver market today.

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 – 2024-12-07

DOCU, BTDR, BNTC, AUR, VSCO, HPE, IREN, HIMS, WYY, WOOF, CNTA, APLD, PLTR, APP, KYMR, RDW, ELDN, GRND, CRDO, TSLA, WULF, AVGO, CEE, PCT, REAL, AFRM, ERAS, KVYO, BLND, MNDY, RDVT, BLFS, SRRK, MDRX, HNRG, SHOP, ZM, DCTH, GKOS, EWTX, WSM, CIFR, MGNI, CLS, AMZN, ORCL, RCL, ADMA, BEAT, ROAD, AOSL, KTOS, MDGL, META, COHR, LENZ, WRBY, QFIN, BROS, CLBT, CRNX, TTD, KRNT, GLBE, CIEN, MOD, RYTM, NFLX, FOUR, ZVRA, SLVM, QTWO, AXGN, LAZ, CRVS, FINV, NTRA, LYV, JCI, DASH, CSWI, IBM, ANET, TGLS, WAB, APO, HLT, TBBK, VRNA, WLFC, COOP, PFSI, CVBF, SGHC, AXP, FWONK, HD, SMTC, Z, SPG, YPF, ZBRA, TGNA, MNKD, SPOT, COMP, KW, FNGS, CKPT, PYPL, CFFN, MLNK, CART, DLR, ADSK, TGTX, KN, MTSI, ZWS, BLCO, JPM, FTNT, HTLF, MCO, MA, YEXT, MD, PFS, VUG, HRI, RBLX, KKR, CCL, WSO, BKU, VERX, ARES, CBU, CFG, STRL, FIBK, UPRO, EBC, ISRG, MIR, BOKF, GPI, MTZ, MTUM, OWL, VCTR, WMT, BKNG, XLK, DOCS, VTWO, NBXG, SSO, CPT, CORZ, CMG, FLUT, SKY, CMI, CAVA, OMF, REPL, CRWD, CTAS, LITE, ALLT, OUT, BDC, CRH, MWA, NDAQ, TJX, MRVL, NCLH, ITRI, FRPT, INSM, BRKL, NOW, AY, ETN, FCF, FFIV, BAC, FRHC, CBSH

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-12-07

TSAT.TO, OGI.TO, GLXY.TO, PPTA.TO, PTK.V, DOO.TO, TA.TO, SSRM.TO, HITI.V, LB.TO, BMO.TO, SMT.TO, ENGH.TO, CLS.TO, LGO.TO, WELL.TO, CPX.TO, DSG.TO, ACQ.TO, BBD/B.TO, DFY.TO, MDA.TO, ITR.V, IFC.TO, AIM.TO, TRI.TO, MAL.TO, MX.TO, ATRL.TO, TOT.TO, BB.TO, CAE.TO, QBR/B.TO, AC.TO, WILD.TO, WSP.TO, BLDP.TO, FFH.TO, CM.TO, BNS.TO, CCA.TO, WPK.TO, CCO.TO, CIGI.TO, EMP/A.TO, T.TO, BAM.TO, BN.TO, EMA.TO, DML.TO, TOY.TO, OLA.TO, STN.TO, MFC.TO, ALS.TO, GFL.TO, TFII.TO, SRU/UN.TO, EFN.TO, MHC/U.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!