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.
Just a friendly reminder: Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.
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 that highlight 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
In today’s options market, large institutional and wealthy investors made significant moves across various sectors. Here’s a breakdown of the notable activity:
Danaher (DHR)
- Sentiment: 44% bullish, 44% bearish
- Options Activity: 9 large trades (5 puts, 4 calls)
- Total Values: $239,254 in puts, $843,215 in calls
- Target Price Range: $270 to $290
Tesla (TSLA)
- Call Trades: Significant volume for October 11, 2024, strikes at $250-260
- Sentiment: Mixed, with volatility evident
- Expectations: Near-term price movement anticipated
Nasdaq 100 ETF (QQQ)
- Call Buys/Sells: High activity for October 11 and December 20, 2024
- Strike Prices: $490-500
- Market View: Conflicting sentiment on Nasdaq’s performance
Apple (AAPL)
- Call Buys: January 2027 expiry at $230 strike
- Sentiment: Long-term bullish
- Expectations: Confidence in sustained growth or potential product launches
Moderna (MRNA)
- Put Buy: January 2025, $130 strike
- Sentiment: Bearish or hedging against negative catalysts
Silver ETF (SLV)
- Call Sells: Expiries in October 2024 and January 2025 at $27 strike
- Sentiment: Bearish, with expectations of limited price appreciation
Vistra (VST)
- Sentiment: Dominantly bullish
- Options Activity: 96 trades (84 calls, 12 puts)
- Total Values: $7.5 million in calls, $643,223 in puts
- Target Price Range: $50 to $155
Norwegian Cruise Line (NCLH)
- Options Activity: 8 trades (5 bullish calls, 3 bearish puts)
- Total Values: $414,250 in calls, $128,577 in puts
- Price Range: $5 to $22.50
- Sentiment: Mixed, slight optimism
Oracle (ORCL)
- Sentiment: 52% bearish, 48% bullish
- Options Activity: 34 trades (18 puts, 16 calls)
- Total Values: $1.09 million in puts, $1.25 million in calls
- Target Price Range: $100 to $190
Medtronic (MDT)
- Sentiment: 50% bearish, 20% bullish
- Options Activity: 10 trades (9 calls, 1 put)
- Total Values: $634,635 in calls, $30,528 in puts
- Price Range: $82.50 to $97.50
PENN Entertainment (PENN)
- Sentiment: 50% bearish, 37% bullish
- Options Activity: 8 trades (5 puts, 3 calls)
- Total Values: $414,027 in puts, $102,120 in calls
- Price Range: $17.50 to $25
Intuitive Surgical (ISRG)
- Sentiment: 60% bullish
- Options Activity: 15 trades (13 calls, 2 puts)
- Total Values: $740,149 in calls, $63,430 in puts
- Price Range: $410 to $495
Delta Air Lines (DAL)
- Sentiment: 80% bearish
- Options Activity: 10 trades (7 calls, 3 puts)
- Total Values: $764,295 in calls, $419,780 in puts
- Price Range: $28 to $57.50
TeraWulf (WULF)
- Sentiment: 86% bullish
- Options Activity: 15 trades (14 calls, 1 put)
- Total Values: $1.99 million in calls, $100,000 in puts
- Price Range: $2 to $10
Other Notable Mentions
- Vital Farms (VITL): Put/Call ratio of 71/2142, indicating significant bullish activity.
- Illinois Tool Works (ITW): Bullish bet on November options.
- CyberArk (CYBR): Opening bull sweep detected.
- Emerson Electric (EMR): Unusual December put seller.
- American Superconductor (AMSC): Bullish flow noted.
- Applied Digital (APLD): Put/Call ratio of 2719/51k.
- NextEra Energy (NEE): Bearish sentiment with a Put/Call ratio of 3547/11k.
US 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
Sterling Real Estate Trust
Buyer: Kenneth P. Regan (Chief Executive Officer, Large Shareholder)
Shares Purchased: 110,000 (+518.5%)
Price: USD 23.00
Total Value: USD 2,530,000
Highpeak Energy Inc (HPK)
Buyer: Jack Hightower (Chief Executive Officer, Large Shareholder)
Shares Purchased: 100,000 (+2.1%)
Price: USD 15.54
Total Value: USD 1,554,000
Compass Diversified Holdings (CODI)
Buyer: Patrick A. Maciarriello (See Remark)
Shares Purchased: 5,000 (+2.2%)
Price: USD 21.87
Total Value: USD 109,350
FS Global Credit Opportunities Fund (FSGR)
Buyer: Della Clark (Non-Executive Director)
Shares Purchased: 2,840 (+51.4%)
Price: USD 6.34
Total Value: USD 18,006
Podcastone Inc (PODC)
Buyer: Robert S. Ellin (Executive Chairman)
Shares Purchased: 17,000 (+15.7%)
Price: USD 1.89
Total Value: USD 32,181
US Insider Sales
Chewy Inc (CHWY)
Seller: Argos Holdings GP LLC (Large Shareholder)
Shares Sold: 16,666,667 (-62.0%)
Price: USD 29.40
Total Value: USD 490,000,010
Fiserv Inc (FISV)
Seller: Frank Bisignano (Chairman, President, and CEO)
Shares Sold: 111,452 (-3.6%)
Price: USD 177.58
Total Value: USD 19,791,646
Mastercard Inc (MA)
Seller: Venkata R Madabhushi (Chief Marketing Officer)
Shares Sold: 4,685 (-23.8%)
Price: USD 489.86
Total Value: USD 2,294,981
Argan Inc (AGX)
Seller: William F. Leimkuhler (Non-Executive Director)
Shares Sold: 10,000 (-21.8%)
Price: USD 96.20
Total Value: USD 962,000
Reinsurance Group of America Inc (RGA)
Seller: William L. Hutton (EVP, General Counsel & Secretary)
Shares Sold: 1,209 (-8.9%)
Price: USD 218.97
Total Value: USD 264,735
Canadian Insider Transactions
CDN Insider Purchases
Ensign Energy Services Inc (ESI)
Buyer: Fairfax Financial Holdings Limited (10% Security Holder of Issuer)
Shares Purchased: 135,800 (+0.8%)
Price: CAD 2.62
Total Value: CAD 356,285
Core Nickel Corp (CNCO)
Buyer: Paul Gregory Reid (10% Security Holder of Issuer)
Shares Purchased: 100,000 (+1.3%)
Price: CAD 0.22
Total Value: CAD 22,000
37 Capital Inc (JJJ.X)
Buyer: Roberto Fia (10% Security Holder of Issuer)
Shares Purchased: 90,000 (+2.2%)
Price: CAD 0.10
Total Value: CAD 9,000
Fitzroy Minerals Inc (FTZ)
Buyer: John Seaman (Director of Issuer, Non-Executive Director)
Shares Purchased: 83,333 (+42.1%)
Price: CAD 0.15
Total Value: CAD 12,500
Gunpoint Exploration Ltd (GUN)
Buyer: P. Randy Reifel (Director of Issuer, Non-Executive Director)
Shares Purchased: 2,000 (+0.1%)
Price: CAD 0.70
Total Value: CAD 1,400
CDN Insider Sales
TerraVest Industries Inc (TVK)
Seller: Charles Pellerin (10% Security Holder of Issuer)
Shares Sold: 1,600 (-0.1%)
Price: CAD 100.26
Total Value: CAD 160,416
Institutional Spotlight: Michael Burry
Michael Burry gained widespread recognition for his role in predicting and profiting from the 2008 financial crisis, famously depicted in the book and film The Big Short. Burry, a hedge fund manager and founder of Scion Capital, is known for his deep value investing approach and ability to identify market inefficiencies. He made headlines by betting against the U.S. housing market, correctly predicting the collapse of the subprime mortgage industry. His contrarian investment strategies and willingness to challenge conventional market wisdom have solidified his reputation as a sharp, independent thinker in the financial world.
Top Increases This Quarter
- Shift4 Payments, Inc. (FOUR): Holding 0.10 million shares valued at $7.33 million, the portfolio allocation increased by 13.9748%.
- Molina Healthcare, Inc. (MOH): With 0.02 million shares valued at $7.29 million, the portfolio allocation increased by 13.8944%.
- Alibaba Group Holding Limited (BABA): Holding 0.15 million shares valued at $11.16 million, the portfolio allocation increased by 12.5221%.
- Hudson Pacific Properties, Inc. (HPP): Holding 1.14 million shares valued at $5.50 million, the portfolio allocation increased by 10.4878%.
- Baidu, Inc. (BIDU): Holding 0.07 million shares valued at $6.49 million, the portfolio allocation increased by 8.2880%.
- Olaplex Holdings, Inc. (OLPX): Holding 1.00 million shares valued at $1.53 million, the portfolio allocation increased by 2.9201%.
- JD.com, Inc. (JD): Holding 0.25 million shares valued at $6.46 million, the portfolio allocation increased by 2.7796%.
- American Coastal Insurance Corporation (ACIC): Holding 0.25 million shares valued at $2.66 million, the portfolio allocation increased by 2.4611%.
- BioAtla, Inc. (BCAB): The portfolio allocation increased by 1.6547%, holding 0.63 million shares valued at $0.87 million.
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
AAON, ABL, ACVA, ADMA, AESI, AEYE, AGX, AKR, ANNX, AON, APH, APO, APP, ARIS, ARQT, ASMB, ATGE, AVAV, AVGO, AY, BCO, BDSX, BKNG, BLFS, BNTC, BOOT, BROS, BV, CAAP, CACI, CBNK, CDE, CEG, CHCI, CIM, CMRE, COHR, CORZ, CRS, CURI, CVNA, DTM, DY, EDR, EE, ELUT, ELVN, ENV, EPI, FAX, FHTX, FLUT, FNKO, FTK, FXI, GAIA, GE, GGT, GLBE, HEAR, HEI, HNVR, HPF, IAUM, IBKR, IFN, INFN, IRM, ITRI, JANX, JHG, JPI, KGS, KMI, LFVN, LMB, LOAN, LRN, LUV, MCHX, MGEE, MMM, MNDY, MSGE, MTZ, MUI, NEM, NEON, NRG, NRIX, NTRA, OLED, OLLI, PCF, PFO, PIPR, PLNT, PLTR, PNTG, POWL, PRCT, PSLV, PTGX, PWSC, QTWO, RCL, RDW, REFR, RZLT, SBAC, SE, SEZL, SFM, SHCR, SHIP, SKYW, SLV, SMAR, STEP, STRL, STX, SWI, TG, THRD, TNDM, TPC, TREE, TRN, TSEM, TVTX, UGL, UI, UTHR, VERA, VHI, VRNS, VSTO, WDC, WFC, WHD, WWD, WWW, XLU, ZETA, ZVRA
Canadian Institutional Momentum Watchlist
AAUC.TO, ABX.TO, AG.TO, AGI.TO, AIM.TO, AP/UN.TO, AQN.TO, ARE.TO, ARIS.TO, ASM.TO, ATZ.TO, BDI.TO, BEPC.TO, BLX.TO, BMO.TO, BNE.TO, BNS.TO, BTO.TO, CCA.TO, CCO.TO, CEU.TO, CG.TO, CGO.TO, CGY.TO, CIGI.TO, CIX.TO, CM.TO, CPX.TO, CRDL.TO, CRR/UN.TO, CTC/A.TO, CXB.TO, DCBO.TO, DFY.TO, DML.TO, DNG.TO, DOL.TO, DPM.TO, DRM.TO, EDR.TO, EDV.TO, EFX.TO, ELD.TO, EMA.TO, EMP/A.TO, ENB.TO, ENGH.TO, EQB.TO, EXE.TO, FCR/UN.TO, FNV.TO, FRU.TO, FSV.TO, GEI.TO, GLO.TO, GRT/UN.TO, IAG.TO, IFC.TO, IGM.TO, IMG.TO, K.TO, KMP/UN.TO, KPT.TO, L.TO, LEV.TO, LUG.TO, MAG.TO, MDA.TO, MI/UN.TO, MTY.TO, NFI.TO, NGD.TO, NPI.TO, NWC.TO, NWH/UN.TO, NXR/UN.TO, ODV.V, OLA.TO, OR.TO, PAAS.TO, PBH.TO, PHX.TO, PPL.TO, PRL.TO, QBR/B.TO, QTRH.TO, RCI/B.TO, RUS.TO, SEA.TO, SES.TO, SIA.TO, SII.TO, SIL.TO, SSL.TO, SSRM.TO, SVM.TO, TA.TO, TD.TO, TFPM.TO, TRP.TO, TVE.TO, TXG.TO, WDO.TO, WPM.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!