SYS Research – Unusual Activity – Tuesday, September 24, 2024

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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

Today’s notable options activity reveals a mix of bullish and bearish positions, highlighting key trades across multiple sectors. Here’s a breakdown of the significant moves:

Russell 2000 ETF (IWM)
Sentiment: Bullish
Options Activity: Sold PUT contracts expiring on 2024-10-18
Total Values: $1,314,000
Strike Price or Range of Strike Prices: 221
Expectations: Selling PUT contracts indicates bullish sentiment, as the seller expects the price to stay above the strike price or rise, thus profiting from the premium collected.
Market View: Positive sentiment with expectations of stability or upward momentum in the near term, as selling puts suggests confidence that the stock won’t drop below the strike price.


Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR)
Sentiment: Bearish
Options Activity: Sold CALL contracts expiring on 2024-10-18
Total Values: $282,270
Strike Price or Range of Strike Prices: 26
Expectations: Anticipation of limited upside or pullback in the underlying asset


JD.com, Inc. (JD)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on 2024-10-18
Total Values: $323,838
Strike Price or Range of Strike Prices: 34
Expectations: Potential price recovery or breakout expected
Market View: Positive momentum in the short term, with increasing interest from buyers


iShares Silver Trust (SLV)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on 2024-09-27
Total Values: $393,609
Strike Price or Range of Strike Prices: 28.5
Expectations: Anticipates a short-term rally in silver prices
Market View: Positive momentum driven by commodity strength


Workhorse Group Inc. (WKHS)
Sentiment: Bearish or Hedge
Options Activity: Purchased PUT contracts expiring on 2026-01-16
Total Values: $25,610
Strike Price or Range of Strike Prices: 1
Expectations: While purchasing put options generally indicates bearish sentiment, it could also serve as a hedge for an existing long position. This strategy would protect the investor from downside risk while maintaining exposure to potential upside in the stock.


Aurora Innovation Inc. (AUR)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on 2024-10-18
Total Values: $93,536
Strike Price or Range of Strike Prices: 7
Expectations: Positive momentum expected, with the stock showing strong upward potential
Market View: Bullish with upside momentum likely in the short to medium term


Delta Air Lines (DAL)
Sentiment: Mixed
Options Activity: 15 trades; 4 puts and 11 calls
Total Values: $294,345 in puts and $739,713 in calls
Strike Price or Range of Strike Prices: $20.00 to $55.00
Expectations: Buyers are focusing on a price range between $20 and $55, indicating a mixed outlook with potential upside momentum.


Eaton Corp (ETN)
Sentiment: Bearish
Options Activity: 12 trades; 4 puts and 8 calls
Total Values: $181,040 in puts and $519,776 in calls
Strike Price or Range of Strike Prices: $300.00 to $370.00
Expectations: Investors are targeting a price band of $300 to $370, with bearish sentiment indicating potential downside.


CarMax (KMX)
Sentiment: Bullish
Options Activity: 11 trades; 8 puts and 3 calls
Total Values: $537,122 in puts and $127,050 in calls
Strike Price or Range of Strike Prices: $75.00 to $85.00
Expectations: The focus is on a price range of $75 to $85, with significant bullish call activity indicating upward movement is anticipated.


Celsius Holdings (CELH)
Sentiment: Bullish
Options Activity: 18 trades; 13 puts and 5 calls
Total Values: $875,933 in puts and $231,010 in calls
Strike Price or Range of Strike Prices: $22.50 to $50.00
Expectations: Whales are targeting a range between $22.50 and $50.00, with calls indicating potential bullish momentum.


On Holding (ONON)
Sentiment: Bullish
Options Activity: 10 trades; 5 puts and 5 calls
Total Values: $346,736 in puts and $496,565 in calls
Strike Price or Range of Strike Prices: $45.00 to $57.50
Expectations: Investors are aiming for a price range of $45 to $57.50, showing bullish sentiment despite balanced put and call volume.


Cintas (CTAS)
Sentiment: Mixed
Options Activity: 12 trades; 4 puts and 8 calls
Total Values: $163,040 in puts and $276,194 in calls
Strike Price or Range of Strike Prices: $195.00 to $280.00
Expectations: The focus is on a price range between $195 and $280, with both bullish and bearish trades indicating a mixed outlook.


Applied Optoelectronics (AAOI)
Sentiment: Bearish
Options Activity: 21 trades; 2 puts and 19 calls
Total Values: $65,500 in puts and $1,172,909 in calls
Strike Price or Range of Strike Prices: $12.50 to $22.50
Expectations: Price range between $12.50 and $22.50; despite more calls, bearish sentiment dominates.


Texas Instruments (TXN)
Sentiment: Bullish
Options Activity: 20 trades; 6 puts and 14 calls
Total Values: $259,790 in puts and $2,307,755 in calls
Strike Price or Range of Strike Prices: $195.00 to $210.00
Expectations: Investors are focusing on a price range of $195 to $210, with bullish trades reflecting optimism.


Robinhood Markets (HOOD)
Sentiment: Bullish
Options Activity: 9 trades; 6 puts and 3 calls
Total Values: $545,046 in puts and $622,402 in calls
Strike Price or Range of Strike Prices: $12.00 to $25.00
Expectations: Price range between $12 and $25; bullish sentiment suggests upside potential.


Lockheed Martin (LMT)
Sentiment: Mixed
Options Activity: 14 trades; 1 put and 13 calls
Total Values: $39,000 in puts and $2,204,930 in calls
Strike Price or Range of Strike Prices: $520.00 to $600.00
Expectations: Investors are targeting a price range of $520 to $600, with mixed sentiment despite the heavy call volume.


To wrap up today’s options report, we observed several notable option trades throughout the day that, while significant, may not necessarily reflect how positions closed by the end of trading. Newmont Corporation (NEM) saw significant activity with a Put/Call ratio of 7,456/39,000, suggesting a bullish outlook as traders lean heavily into calls. Meanwhile, Advanced Micro Devices (AMD) experienced aggressive buying action, with a Put/Call ratio of $1.09M/$2.35M and a Net Option Delta of 6.80M shares, reinforcing the bullish sentiment. Similarly, Core Scientific (CORZ), Aurora Innovation (AUR), and Unity Software (U) all exhibited substantial call volume relative to puts, indicating that market participants are positioning for potential upside.

In the China-focused ETFs, KraneShares CSI China Internet ETF (KWEB) and iShares China Large-Cap ETF (FXI) saw heavy call buying, with Put/Call ratios of 93,000/280,000 and 200,000/601,000, respectively, reflecting investor optimism around Chinese equities. Airlines also drew attention, as United Airlines (UAL) showed strong call volume with a Put/Call ratio of 10,000/20,000, signaling positive sentiment toward the airline’s near-term performance.

Among other highlights, Kimberly-Clark (KMB) saw an Opening Bull Sweeper, indicating an aggressive bullish move, while Pinduoduo (PDD) demonstrated a Put/Call ratio of 52,000/146,000 with a Net Option Delta of 2.93M shares, pointing to strong confidence in the stock’s upward trajectory. Hecla Mining (HL) also drew bullish interest with a Put/Call ratio of 2,097/18,000, likely driven by expectations of rising silver prices.

Rounding out the day, Diageo (DEO) registered an Unusual Bull Sweep, further adding to the bullish momentum observed across multiple names, while Trip.com (TCOM) and Tencent Music Entertainment (TME) saw notable call volume that suggests traders are positioning for further gains in the near future.

This wraps up the day’s standout trades, which reflect a general market sentiment leaning toward optimism across various sectors and industries.


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

BlackRock Innovation & Growth Trust (BIGZ)
Buyer: Saba Capital Management, L.P. (Large Shareholder)
Shares Purchased: 118,879
Price: USD 7.51
Total Value: USD 892,781

Texas Pacific Land Corp (TPL)
Buyer: Murray Stahl (Non-Executive Director, Large Shareholder)
Shares Purchased: 3
Price: USD 947.23
Total Value: USD 2,842

Newtek Business Services Corp (NEWT)
Buyer: Barry Sloane (Chairman & CEO, Executive Director)
Shares Purchased: 10,000
Price: USD 11.80
Total Value: USD 117,954

Corbus Pharmaceuticals Holdings Inc (CRBP)
Buyer: Cormorant Asset Management, LP (Large Shareholder)
Shares Purchased: 139,551
Price: USD 20.42
Total Value: USD 2,849,352

AllianceBernstein Holding LP (AB)
Buyer: Equitable Holdings, Inc. (See Remarks)
Shares Purchased: 500,000
Price: USD 34.18
Total Value: USD 17,091,700

US Insider Sales

Dell Technologies Inc (DELL)
Seller: Michael S. Dell (Chief Executive Officer, Executive Director, Large Shareholder)
Shares Sold: 6,726,692
Price: USD 117.52
Total Value: USD 790,520,844

Ritchie Bros. Auctioneers Inc (RBA)
Seller: James Francis Kessler (Chief Executive Officer, Officer)
Shares Sold: 17,883
Price: USD 84.19
Total Value: USD 1,505,570

United Therapeutics Corp (UTHR)
Seller: James Edgemond (CFO and Treasurer, Officer)
Shares Sold: 3,400
Price: USD 354.04
Total Value: USD 1,203,736

Paycom Software Inc (PAYC)
Seller: Chad R. Richison (CEO, President, and Chairman, Executive Director, Large Shareholder)
Shares Sold: 908
Price: USD 172.28
Total Value: USD 156,430

Carvana Co (CVNA)
Seller: Ernest C. Garcia II (Large Shareholder)
Shares Sold: 26,435
Price: USD 166.82
Total Value: USD 4,409,755


CDN Insider Purchases

NorthWest Copper Corp (NWST)
Buyer: John Kimmel (10% Security Holder)
Shares Purchased: 2,000,000
Price: CAD 0.25
Total Value: CAD 500,000

Simply Better Brands Corp (SBBC)
Buyer: Erica Ashley Groussman (Director of Issuer)
Shares Purchased: 435,000
Price: CAD 0.60
Total Value: CAD 261,000

Lavras Gold Corp (LGC)
Buyer: Rostislav Christov Raykov (Director of Issuer)
Shares Purchased: 12,000
Price: CAD 2.50
Total Value: CAD 30,000

Alma Gold Inc.
Buyer: Dusan Petkovic (Director of Issuer)
Shares Purchased: 625,000
Price: CAD 0.08
Total Value: CAD 50,000

Realbotix Corp.
Buyer: Martin Bui (Senior Officer of Issuer)
Shares Purchased: 50,200
Price: CAD 0.10
Total Value: CAD 5,020

CDN Insider Sales

Ur-Energy Inc (URE)
Seller: Roger L. Smith (Senior Officer of Issuer)
Shares Sold: 228,119
Price: CAD 1.62
Total Value: CAD 370,214

Ur-Energy Inc (URE)
Seller: Steven Marcal Hatten (Senior Officer of Issuer)
Shares Sold: 179,733
Price: CAD 1.62
Total Value: CAD 291,167

TFI International Inc (TFII)
Seller: Alain Bédard (Director of Issuer)
Shares Sold: 25,000
Price: CAD 197.85
Total Value: CAD 4,946,250

Lundin Gold Inc (LUG)
Seller: Terrence Smith (Senior Officer of Issuer)
Shares Sold: 25,740
Price: CAD 29.52
Total Value: CAD 759,827

Constellation Software Inc (CSU)
Seller: Jamal Nizam Baksh (Senior Officer of Issuer)
Shares Sold: 112
Price: CAD 4,340.00
Total Value: CAD 486,080


Institutional Spotlight: Ken Griffin

Ken Griffin, the founder and CEO of Citadel, one of the world’s largest and most successful hedge funds, is known for his sharp quantitative strategies and astute market acumen. Griffin has built Citadel into a multi-strategy powerhouse, leveraging data and advanced technology to gain competitive advantages in financial markets. His firm’s ability to navigate market volatility and extract value from various asset classes has placed him among the most influential figures in the hedge fund industry. Griffin’s approach is rooted in deep research, disciplined risk management, and a relentless pursuit of innovation, making Citadel a dominant force across equities, fixed income, and global macro.

Top Increases This Quarter

  • Apple Inc. (Call) (AAPL): The portfolio allocation increased by 0.5903%, holding 36.40 million shares valued at $7,666.80 million.
  • Apple Inc. (Put) (AAPL): The portfolio allocation increased by 0.4300%, holding 24.08 million shares valued at $5,071.96 million.
  • Tesla, Inc. (Call) (TSLA): The portfolio allocation increased by 0.3186%, holding 41.71 million shares valued at $8,252.72 million.
  • Invesco QQQ Trust, Series 1 (QQQ): Holding 3.30 million shares valued at $1,583.24 million, the portfolio allocation increased by 0.2792%.
  • SPDR S&P 500 ETF Trust (SPY): The portfolio allocation increased by 0.2563%, holding 5.60 million shares valued at $3,045.93 million.
  • Invesco QQQ Trust, Series 1 (Put) (QQQ): The portfolio allocation increased by 0.2494%, holding 39.42 million shares valued at $18,888.38 million.
  • Apple Inc. (AAPL): Holding 5.47 million shares valued at $1,152.62 million, the portfolio allocation increased by 0.1397%.
  • Amazon.com, Inc. (Put) (AMZN): The portfolio allocation increased by 0.1274%, holding 17.72 million shares valued at $3,424.29 million.
  • Taiwan Semiconductor Manufacturing Co. Ltd. (Put) (TSM): The portfolio allocation increased by 0.1230%, holding 6.88 million shares valued at $1,195.00 million.
  • PDD Holdings Inc. (Call) (PDD): Holding 6.08 million shares valued at $808.60 million, the portfolio allocation increased by 0.1184%.

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!

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