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.

Consumer Staples Select Sector SPDR Fund (XLP)
Sentiment: Bullish (Put Selling)
Options Activity: High volume of put selling for the $86 strike price with an expiration on 2024-11-15.
Total Values: $1,447,880 premium paid.
Strike Price: $86 with spot price at $80.575, approximately 6.73% strike/spot difference.
Expectations: Reflects confidence sellers assume potential stability or slight upside in the near term.

iShares 20+ Year Treasury Bond ETF (TLT)
Sentiment: Mixed (Put Buying and Selling)
Options Activity: Significant volume for puts across several strikes ($93, $94, $95, $97, $100) expiring on 2024-11-15.
Total Values: Total premiums paid in the range of $2,160,000 to $29,399,100 across different trades.
Strike Price: Key strikes at $100 and $93, with spot price around $90.205.
Expectations: Elevated put buying indicates hedging or bearish sentiment, possibly anticipating downside pressure, while put selling suggests a range-bound or stabilizing outlook.

SPDR S&P 500 ETF Trust (SPY)
Sentiment: Bearish (Put Buying)
Options Activity: Heavy interest in $564 puts expiring on 2025-01-17.
Total Values: $2,448,000 premium paid.
Strike Price: $564 with a spot price of $593.255, approximately -4.93% strike/spot difference.
Expectations: Indicates significant downside caution or hedging.

Invesco QQQ Trust (QQQ)
Sentiment: Bearish (Put Buying)
Options Activity: $450 strike put bought expiring on 2025-06-20.
Total Values: $3,391,500 premium paid.
Strike Price: $450 with a spot price of $508.669, approximately -11.53% strike/spot difference.
Expectations: Reflects anticipation of possible further declines in QQQ or hedging.

United States Oil Fund (USO)
Sentiment: Bearish (Put Buying)
Options Activity: Puts for $65 strike expiring on 2025-04-17.
Total Values: $630,000 premium paid.
Strike Price: $65 with a spot price of $71.3053, approximately -8.84% strike/spot difference.
Expectations: Suggests hedging against downside risk, expecting declines or range-bound performance.

Juniper Networks (JNPR)
Sentiment: Bullish
Options Activity: Large call buy
Total Values: $161,135 premium paid
Strike Price: $39, expiring on December 20, 2024
Market View: Institutional activity indicates potential upside momentum in the short term, as reflected by the call option purchase above the spot price.

Microsoft (MSFT)
Sentiment: Bullish
Options Activity: Two separate call buys with similar strikes
Total Values: $3,411,260 and $3,392,160 premium paid
Strike Price: $410, expiring on December 20, 2024
Market View: Strong interest suggests anticipated positive price movement in Microsoft before December 20, 2024.

Ovintiv Inc. (OVV)
Sentiment: Bullish
Options Activity: Call buy
Total Values: $390,000 premium paid
Strike Price: $44, expiring on January 17, 2025
Market View: Trade implies anticipation of upward price movement or stability around $44 by January 2025.

Eli Lilly (LLY)
Sentiment: Bullish
Options Activity: Multiple call buys
Total Values: $2,956,500 premium paid (multiple trades)
Strike Price: $700, expiring on November 15, 2024
Market View: Trades reflect expected upside or stability near strike, given the proximity to expiry.

Warner Bros. Discovery, Inc. (WBD)
Sentiment: Bullish (Call Buying)
Options Activity: Notable call buying for $9 strike expiring on 2025-03-21.
Total Values: $169,013 premium paid.
Strike Price: $9 with a spot price of $9.855, approximately -8.68% strike/spot difference.
Expectations: Market participants show bullish interest, possibly anticipating upside potential for WBD.

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

Oscar Health Inc (OSCR)
Buyer: Thrive Partners VII Growth GP, LLC (Non-Executive Director, Large Shareholder)
Shares Purchased: 358,619 (+6.6%)
Price: USD 13.74
Total Value: USD 4,926,313

Oscar Health Inc (OSCR)
Buyer: Kushner Joshua (Co-Founder and Vice Chairman, Large Shareholder)
Shares Purchased: 358,619 (+6.6%)
Price: USD 13.74
Total Value: USD 4,926,313

Lemonade Inc (LMND)
Buyer: Angelidis-Smith Maria (Non-Executive Director)
Shares Purchased: 15,042 (+81.3%)
Price: USD 33.23
Total Value: USD 499,846

Lantronix Inc (LTRX)
Buyer: Awsare Saleel (President & CEO, Executive Director)
Shares Purchased: 80,000 (+52.2%)
Price: USD 2.66
Total Value: USD 212,960

US Insider Sales

Reddit Inc (RDDT)
Seller: Tencent Holdings Ltd (Large Shareholder)
Shares Sold: 174,575 (-1.8%)
Price: USD 132.07
Total Value: USD 23,056,120

Reddit Inc (RDDT)
Seller: Tencent Holdings Ltd (Large Shareholder)
Shares Sold: 108,907 (-1.2%)
Price: USD 133.02
Total Value: USD 14,486,809

Amalgamated Financial Corp (AMAL)
Seller: Workers United (Large Shareholder)
Shares Sold: 55,000 (-0.7%)
Price: USD 37.23
Total Value: USD 2,047,529

International Bancshares Corp (IBOC)
Seller: Nixon Dennis E (CEO, Executive Director)
Shares Sold: 65,185 (-6.8%)
Price: USD 71.47
Total Value: USD 4,658,772

CDN Insider Purchases

Sol Strategies Inc (formerly, Cypherpunk Holdings Inc)
Buyer: Guoga, Antanas (Tony) (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 1,070,000 (+2.2%)
Price: CAD 1.22
Total Value: CAD 1,310,001

Nevada King Gold Corp (NKG)
Buyer: Parker, Michael A (10% Security Holder of Issuer)
Shares Purchased: 5,259,249 (+23.2%)
Price: CAD 0.34
Total Value: CAD 1,788,145

Nevada King Gold Corp (NKG)
Buyer: Parker, Michael A (10% Security Holder of Issuer)
Shares Purchased: 5,259,250 (+23.9%)
Price: CAD 0.34
Total Value: CAD 1,788,145

Journey Energy Inc (JOY)
Buyer: Hansen, Craig Henry (Director of Issuer)
Shares Purchased: 60,000 (+300.0%)
Price: CAD 2.00
Total Value: CAD 120,000

South Bow Corporation
Buyer: Prior, Richard (Senior Officer of Issuer)
Shares Purchased: 5,349 (+48.2%)
Price: CAD 34.42
Total Value: CAD 184,113

CDN Insider Sales

Lundin Gold Inc (LUG)
Seller: Mir, Pablo (Director or Senior Officer of Insider or Subsidiary of Issuer)
Shares Sold: 46,660
Price: USD 21.74
Total Value: USD 1,014,211

Viemed Healthcare Inc (VMD)
Seller: Dobbs, Randolph Edward (Director of Issuer)
Shares Sold: 36,261 (-25.2%)
Price: CAD 9.28
Total Value: CAD 336,502

Viemed Healthcare Inc (VMD)
Seller: Kaushal, Nitin (Director of Issuer)
Shares Sold: 30,000 (-19.1%)
Price: CAD 9.48
Total Value: CAD 284,400

Filo Corp (FIL)
Seller: Mir, Pablo (Director of Issuer)
Shares Sold: 15,000
Price: CAD 16.93
Total Value: CAD 253,950

Kneat.com Inc (KSI)
Seller: Holmes, Keith (Senior Officer of Issuer)
Shares Sold: 3,878 (-11.5%)
Price: CAD 4.95
Total Value: CAD 19,205

Institutional Spotlight: GitLab (GTLB)

Over the past few months, GitLab Inc. (NASDAQ: GTLB) has attracted significant new investments from major institutional players, reflecting growing confidence in its strategic trajectory and market potential.

ICONIQ Capital LLC, led by Divesh Makan, has expanded its holdings to 7,438,826 shares, representing 7.72% of GitLab’s outstanding shares. This includes a recent addition of 736,284 shares, marking a 9.90% increase in their position.

Similarly, HMI Capital LLC, under the management of Marco Hellman, now holds 5,076,668 shares, accounting for 9.61% of the company’s shares. Their recent acquisition of 474,728 shares reflects a 9.35% increase in their stake.

Marcho Partners LLP, with Anderson Carl at the helm, has significantly increased its stake to 752,166 shares, equating to 11.32% ownership. The addition of 222,882 shares represents a substantial 29.63% increase in their position.

Alta Park Capital LP, led by Joe Bou-Saba, has also augmented its investment, now holding 699,198 shares, or 4.56% of GitLab’s shares. The recent purchase of 43,462 shares brings their new position to 6.22%, indicating a strategic move to capitalize on GitLab’s growth opportunities.

These substantial investments by prominent institutional investors underscore collective confidence in GitLab Inc.’s strategic direction and potential for future growth.

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!