SYS Research – Unusual Activity – Monday, November 11, 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.

SPDR S&P 500 ETF (SPY)
Sentiment: Bullish
Options Activity: Large call buying observed for December 20th, 2024 expiry, indicating expectations for an upward move in SPY.
Total Values: 19,711 contracts traded with a premium of approximately $15.95 million.
Strike Price: 550 with a spot price of 598.58 (-8.12%).
Expectations & Market View: The activity suggests a potential for significant upward momentum leading into the December expiry.


RTX Corporation (RTX)
Sentiment: Bullish
Key Options Activity: Significant call buying activity led to a net premium inflow of approximately $38.68M, indicating strong institutional positioning for potential upside.
Total Values: Net premium inflow of $38.68M.


Spotify Technology S.A. (SPOT)
Sentiment: Bullish
Key Options Activity: Notable call buying activity resulted in a net premium inflow of approximately $13.20M, reflecting optimistic institutional sentiment regarding SPOT’s growth prospects.
Total Values: Net premium inflow of $13.20M.
Market View: Institutional investors show a bullish outlook on SPOT, supported by positive sentiment from analysts and strong growth expectations.


CleanSpark, Inc. (CLSK)
Sentiment: Mixed to Bullish
Key Options Activity: Strong call buying with a $16.51M premium versus $5.73M in sold calls, signaling bullish sentiment. The substantial call premiums indicate speculative interest with a bullish bias.
Total Values: Net premium inflow of approximately $10.89M.
Market View: Institutions appear to hold a mixed-to-bullish view, potentially anticipating positive developments or sector-specific momentum in the near term.


Sirius XM Holdings Inc. (SIRI)
Sentiment: Bullish
Key Activity: Strong call premium of $2.40M versus put premium of $411.83K, indicating bullish institutional sentiment.
Total Values: Net premium inflow of $2.33M.


Energy Fuels Inc. (UUUU)
Sentiment: Bullish
Key Options Activity: Notable focus on put selling, indicating strong institutional confidence that the stock price will stay above key levels. Minimal call activity observed.
Total Values: Net premium inflow of approximately $2.23M.
Market View: Institutions appear to view UUUU with a bullish sentiment, positioning for stability or a move higher while minimizing downside risk.


IBM (IBM)
Sentiment: Bullish
Key Options Activity: High premium paid on calls bought compared to minimal call selling.
Total Values: Net premium inflow of approximately $59.76M.


Coinbase Global, Inc. (COIN)
Sentiment: Mixed
Key Options Activity: High volume of both calls bought and sold, with significant premium flow reflecting volatility and mixed expectations.
Total Values: Net premium inflow of approximately $21.57M.
Market View: Sentiment is mixed, with potential for volatility and uncertainty.


Moderna, Inc. (MRNA)
Sentiment: Bearish
Key Options Activity: High put premiums compared to relatively modest call activity indicate a cautious or bearish outlook.
Total Values: Net premium inflow of approximately $22.89M.
Market View: Institutions appear bearish or hedging against downside risks, reflecting cautious sentiment.


Gabelli Business Development (GBDC)
Sentiment: Bullish
Options Activity: Notable put selling for December 20th, 2024 expiry, exceeding prior open interest.
Total Values: 153 contracts with a premium of $15,030.
Strike Price: 15 with a spot price of 15.415 (-2.69%).
Expectations & Market View: Implies confidence in maintaining a price above 15 through the end of 2024.


Grab Holdings (GRAB)
Sentiment: Mixed
Options Activity: Observed both call buying leading up to earnings for January 16th, 2026 expiry and a mix of call buying and selling with expirations spanning January 2025 and beyond.
Total Values: 2,748 contracts traded with a premium of $95,095 for call buying and high-value transactions, such as $94,810, in both bullish and bearish directions.
Strike Price: Key strike targets at 3.5, 4, and 4.5. The current spot price is 4.375 (+2.86%).
Expectations & Market View: Market participants are divided, hedging both upward momentum potential and possible consolidation around these levels.


SoundHound AI (SOUN)
Sentiment: Bullish (Short-term)
Options Activity: Heavy short-term call buying for November 15th, 2024 expiry, with notable call buying across multiple expirations indicating broader speculative interest.
Total Values: 43,631 contracts traded with premiums of $185,087 and $190,491, respectively, and trades exceeding $250,000 in aggregate.
Strike Price: Key levels observed around strikes at 6 and 7. Current spot price ranges from 7.745 to 7.765 (-22.53% to -22.73%).
Expectations & Market View: Positive short-term movement is expected within the week of expiry, with a broader anticipated price increase or momentum shift upward reflecting wider speculative interest.


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

Centene Corp (CNC)
Buyer: Sarah London (Chief Executive Officer)
Shares Purchased: 4,117 (+0.6%)
Price: USD 60.80
Total Value: USD 250,314

US Insider Sales

P10 Inc (PX)
Seller: 210 Capital, LLC (Large shareholder)
Shares Sold: 366,454 (-14.8%)
Price: USD 11.69
Total Value: USD 4,284,324

Johnson Controls International PLC (JCI)
Seller: John Donofrio (Exec VP & General Counsel)
Shares Sold: 51,425 (-52.2%)
Price: USD 83.83
Total Value: USD 4,310,958

Packaging Corp of America (PKG)
Seller: Mark W. Kowlzan (Chairman & CEO)
Shares Sold: 27,031 (-6.0%)
Price: USD 240.34
Total Value: USD 6,496,658

Amphenol Corp (APH)
Seller: Peter Straub (President, ISS Division)
Shares Sold: 132,000 (-100.0%)
Price: USD 74.12
Total Value: USD 9,783,272


CDN Insider Purchases

Algonquin Power & Utilities Corp (AQN)
Buyer: Christopher Huskilson (Non-Executive Director)
Shares Purchased: 25,000 (+25.0%)
Price: CAD 6.65
Total Value: CAD 166,253

Premium Brands Holdings Corp (PBH)
Buyer: Johnny Ciampi (Non-Executive Director)
Shares Purchased: 3,500 (+30.4%)
Price: CAD 77.02
Total Value: CAD 269,570

Millbank Mining Corp
Buyer: Vicente Benjamin Asuncion (Executive Director)
Shares Purchased: 302,970 (+29.1%)
Price: CAD 0.33
Total Value: CAD 99,980

CDN Insider Sales

Shopify Inc (SHOP)
Seller: Harley Michael Finkelstein (Senior Officer)
Shares Sold: 1,250 (-4.6%)
Price: USD 87.00
Total Value: USD 108,750

Shopify Inc (SHOP)
Seller: Harley Michael Finkelstein (Senior Officer)
Shares Sold: 1,250 (-4.4%)
Price: USD 86.00
Total Value: USD 107,500


Institutional Spotlight: Flutter (FLUT)

Flutter Entertainment has witnessed a significant uptick in institutional activity, with 671 institutional owners comprising 653 long-only holders, 10 short-only holders, and 8 mixed positions, reflecting an 18.97% change over the most recent quarter. Institutional holdings now total 156,880,296 shares, representing 88.12% of total shares outstanding, a sharp rise of 39.67 million shares (33.85% increase). This signals heightened confidence in Flutter’s growth potential and market presence.

Key Institutional Investors
Recent institutional moves highlight prominent figures in asset management. John Armitage of EGERTON CAPITAL (UK) LLP initiated a 100% new position, acquiring 1,041,284 shares, equating to 2.00% of his portfolio. Steve Cohen‘s POINT72 ASSET MANAGEMENT LP similarly established a 100% new stake with 755,763 shares (0.46% portfolio weight). Further, John Clark of SOUTHPOINT CAPITAL ADVISORS LP added 500,000 shares, marking a 2.51% portfolio share. These strategic positions underscore a strong vote of confidence in Flutter’s potential.

Other notable investors include Stanley Druckenmiller of DUQUESNE FAMILY OFFICE LLC with 335,076 shares (2.17% portfolio weight), Daniel Sundheim of D1 CAPITAL PARTNERS LP holding 434,500 shares (1.37% portfolio weight), and Robert Pohly of SAMLYN CAPITAL LLC, who invested in 345,096 shares (1.11% portfolio weight). The breadth and diversity of these new positions reflect broad market interest.

Market Momentum and Outlook
Since January 29, 2024, the share price of FLUT has appreciated from $205.50 to $250.93 as of November 11, 2024—a robust 22.11% increase. Such momentum, paired with heightened institutional ownership, points to market optimism and the potential for continued growth. The concentration of influential investors further supports expectations of sustained performance and strategic market positioning.

In summary, Flutter Entertainment benefits from strong institutional backing, highlighted by fresh positions from prominent figures and positive market sentiment. This reinforces Flutter’s potential for further value creation and prominence within its sector.


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 – 2024-11-09

ABT, ACLX, ACRV, ADMA, ADSK, ADT, AESI, AEYE, AGR, AGX, AHCO, AHH, AJG, ALL, ALNY, AM, AMP, AMSC, ANDE, ANF, AON, APGE, APO, APP, APTV, ARES, ARIS, ARQ, ARQT, ASPI, ATMU, AVA, AXON, AXP, BAC, BCC, BCYC, BDSX, BEAT, BECN, BGC, BHRB, BHVN, BILL, BKLN, BKNG, BKU, BL, BLK, BLND, BOKF, BRKL, BROS, BSX, BTDR, BTM, BTO, BV, BWIN, BX, BXMX, BXP, CACI, CARG, CARR, CAVA, CBSH, CBU, CCL, CEE, CFR, CGON, CHD, CHRW, CHWY, CIEN, CIFR, CIM, CLM, CLS, CMA, CMBS, CMC, CME, CMG, CMI, CNP, CNTA, COHR, COOP, CORZ, CPRT, CPT, CRC, CRDO, CRGX, CRH, CRM, CRS, CRVL, CSWI, CSX, CTAS, CVBF, CVNA, CW, CWB, CWBC, DAL, DASH, DAWN, DCTH, DECK, DFH, DGII, DGX, DIS, DKS, DLR, DOCS, DOCU, DORM, DTM, DUOL, DY, EBC, EGP, EME, EMHY, ENVA, EQR, ERAS, ETN, ETR, EVRG, EWTX, EXPO, FBTC, FCF, FDX, FEX, FFIN, FHTX, FI, FIBK, FIHL, FIP, FIX, FLUT, FOUR, FR, FRHC, FRME, FRPT, FTAI, FTNT, FWONK, GCI, GE, GEF, GEV, GGT, GGZ, GKOS, GLBE, GLW, GM, GME, GOLF, GPOR, GRND, GSHD, HALO, HCI, HCP, HD, HDB, HLMN, HLT, HOMB, HON, HPE, HPF, HROW, HTLF, HUBS, HWM, HYGH, IBKR, ICFI, ICVT, IESC, IKT, INDB, INOD, INSG, INSM, INTU, IOT, IRDM, IRON, ISRG, ITRI, ITT, JAZZ, JCI, JHG, JPM, KAI, KEYS, KGS, KKR, KMPR, KNX, KROS, KTOS, KW, LAZ, LBRDK, LDOS, LH, LITE, LLY, LMB, LMT, LOAR, LOPE, LYFT, MA, MAA, MAMA, MBB, MCD, MCO, MGNI, MITT, MKL, MLTX, MMM, MNDY, MNMD, MOD, MRCY, MREO, MSI, MTUM, MTZ, MWA, NATL, NBXG, NCNO, NDAQ, NEXT, NHI, NN, NRIX, NTRA, NU, NUVL, NVEI, NWBI, OCUL, OGE, OMF, ONON, OOMA, ORCL, ORI, OWL, PAYC, PCAR, PCF, PFGC, PFS, PFSI, PG, PGR, PI, PLCE, PLNT, PLTR, PLXS, PMTS, POWL, PPC, PPL, PRIM, PSN, PUTW, PYPL, QNST, QTWO, RBC, RBRK, RCL, RDDT, RDVT, RDW, REAL, REPL, REVG, RGA, ROAD, ROST, RSI, RSSS, RTX, RVMD, RYAN, SAVA, SBUX, SCHW, SEZL, SFM, SFNC, SHOP, SHW, SKY, SLVM, SMMT, SMPL, SMR, SMTC, SNBR, SNDR, SNWVD, SON, SPB, SPG, SPGI, SPOT, SPXC, SR, SRE, SSNC, SSO, STEP, STLD, STRL, SUM, SWX, TARS, TBBK, TDG, TEAM, TERN, TGLS, TGTX, THRD, TISI, TJX, TLSA, TOST, TPX, TRMB, TRU, TSLA, TSM, TT, TTGT, TVTX, TW, TYL, UAL, UNFI, UNH, USDU, USFD, UTHR, UTZ, UUP, V, VCTR, VEON, VERX, VIAV, VRRM, VRSK, VRT, VST, VTV, VTWO, VUG, WAB, WBS, WEAV, WEC, WELL, WGS, WIX, WM, WMT, WSO, WULF, WWD, WYY, XHB, XLE, XLF, YEXT, Z, ZBRA, ZETA, ZM, ZURA

 

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-09

ACO/X.TO, AIF.TO, ALA.TO, ATD.TO, ATZ.TO, BAM.TO, BEPC.TO, BMO.TO, BNS.TO, CAE.TO, CCA.TO, CFP.TO, CGO.TO, CIGI.TO, CLS.TO, CMG.TO, CPX.TO, CTC/A.TO, CWB.TO, DBM.TO, DCBO.TO, DNTL.TO, DOL.TO, DSG.TO, ECN.TO, EFN.TO, ENB.TO, EQX.TO, EXE.TO, FN.TO, FSV.TO, FTS.TO, GLXY.TO, GRT/UN.TO, GWO.TO, H.TO, IFC.TO, IGM.TO, IMG.TO, JWEL.TO, LB.TO, LSPD.TO, MATR.TO, MDA.TO, MG.TO, MOGO.TO, MTY.TO, MX.TO, NA.TO, NVA.TO, NVEI.TO, NXE.TO, ONEX.TO, PET.TO, PNE.TO, POW.TO, PRL.TO, SES.TO, T.TO, TD.TO, TRI.TO, VHI.TO, WPM.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!

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