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 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
QQQ (Invesco QQQ Trust)
Sentiment: Mixed
Options Activity: A significant amount of activity with both calls and puts, including large purchases of calls expiring on November 15, 2024, at the $450 strike, and a large put purchase at the $545 strike.
Total Values: Total premium for calls is around $9.2 million, with significant open interest for the puts as well.
Strike Price or Range of Strike Prices: $450 for calls, $545 for puts.
Expectations: The mixed activity suggests potential for both bullish and bearish outcomes, depending on market movement closer to expiry.
SPY (SPDR S&P 500 ETF Trust)
Sentiment: Bullish
Options Activity: Significant selling of puts expiring on December 31, 2024, at the $620 strike.
Total Values: Approximately $1.15 million in total premium.
Strike Price or Range of Strike Prices: $620.
IWM (iShares Russell 2000 ETF)
Sentiment: Bullish
Options Activity: Significant selling of puts expiring on November 15, 2024, at the $208 strike, indicating a bullish stance.
Total Values: $1.39 million in premium for the sold puts.
Strike Price or Range of Strike Prices: $208.
Expectations: The selling of these puts suggests confidence that IWM will stay above $208 in the short term.
MRNA (Moderna Inc.)
Sentiment: Bullish
Options Activity: Large put selling for expiration on November 15, 2024, at the $105 strike, reflecting bullish sentiment.
Total Values: $11.9 million in total premium.
Strike Price or Range of Strike Prices: $105.
PCT (PureCycle Technologies Inc.)
Sentiment: Mixed
Options Activity: Purchases of calls expiring in January 2025 at the $7 strike, but some selling activity noted in the $15 strike for January 2026.
Total Values: Approximately $373,252 in premium for calls.
Strike Price or Range of Strike Prices: $7 and $15.
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
Synergy CHC Corp (SNYR)
Buyer: Ross Jack (CEO and Chairman)
Shares Purchased: 300,000 (+inf%)
Price: USD 9.00
Total Value: USD 2,700,000
Rocky Mountain Chocolate Factory Inc (RMCF)
Buyer: GEYGAN JEFFREY RICHART (Interim CEO)
Shares Purchased: 163,376 (+10.9%)
Price: USD 2.60
Total Value: USD 424,990
Rocky Mountain Chocolate Factory Inc (RMCF)
Buyer: GLOBAL VALUE INVESTMENT CORP. (Large Shareholder)
Shares Purchased: 175,311 (+10.7%)
Price: USD 2.60
Total Value: USD 456,037
AVROBIO Inc (AVRO)
Buyer: SPRINGER TIMOTHY A (Non-Executive Director, Large Shareholder)
Shares Purchased: 300,000 (+7.9%)
Price: USD 33.59
Total Value: USD 10,077,000
US Insider Sales
General Motors Co (GM)
Seller: Barra Mary T (Chair & CEO)
Shares Sold: 300,000 (-30.2%)
Price: USD 53.16
Total Value: USD 15,948,000
Schlumberger NV (SLB)
Seller: Merad Abdellah (EVP, Core Services & Equipment)
Shares Sold: 60,000 (-22.1%)
Price: USD 41.90
Total Value: USD 2,514,000
Carvana Co (CVNA)
Seller: BREAUX PAUL W. (See Remarks)
Shares Sold: 14,548 (-10.9%)
Price: USD 198.00
Total Value: USD 2,880,504
American Express Co (AXP)
Seller: Williams Anre D (Group President, Enterprise Services)
Shares Sold: 77,887 (-41.1%)
Price: USD 270.26
Total Value: USD 21,049,741
Nuvalent Inc (NUVL)
Seller: Flynn James E (Non-Executive Director, Large Shareholder)
Shares Sold: 1,000,000 (-10.3%)
Price: USD 97.75
Total Value: USD 97,750,000
CDN Insider Purchases
Topaz Energy Corp (TPZ)
Buyer: Mike Rose (Non-Executive Director)
Shares Purchased: 80,000 (+23.3%)
Price: CAD 25.05
Total Value: CAD 2,004,000
Topaz Energy Corp (TPZ)
Buyer: Brian Robinson (Non-Executive Director)
Shares Purchased: 15,000 (+4.9%)
Price: CAD 25.05
Total Value: CAD 375,750
Topaz Energy Corp (TPZ)
Buyer: Stephen Phillip Larke (Non-Executive Director)
Shares Purchased: 14,368 (+10.7%)
Price: CAD 25.05
Total Value: CAD 359,918
Topaz Energy Corp (TPZ)
Buyer: Staples, Marty (Senior Officer)
Shares Purchased: 11,198 (+4.9%)
Price: CAD 25.05
Total Value: CAD 280,510
Topaz Energy Corp (TPZ)
Buyer: Robinson, Brian (Non-Executive Director)
Shares Purchased: 10,000 (+25.0%)
Price: CAD 25.05
Total Value: CAD 250,500
Lions Gate Entertainment Corp (LGF.A)
Buyer: Liberty 77 Capital L.P. (Large Shareholder)
Shares Purchased: 193,332 (+4.6%)
Price: USD 6.75
Total Value: USD 1,304,585
Mayfair Gold Corp (MFG)
Buyer: Muddy Waters Capital LLC (Large Shareholder)
Shares Purchased: 69,400 (+7.9%)
Price: CAD 1.95
Total Value: CAD 135,330
CDN Insider Sales
Endeavour Mining plc (EDV)
Seller: La Mancha Capital Management GP (Large Shareholder)
Shares Sold: 300,000 (-0.7%)
Price: CAD 34.23
Total Value: CAD 10,267,980
Endeavour Mining plc (EDV)
Seller: Loza-Sawiris, Yousriya (Large Shareholder)
Shares Sold: 300,000 (-0.7%)
Price: CAD 34.23
Total Value: CAD 10,267,980
Prime Mining Corp (PRYM)
Seller: Paul Bristol Sweeney (Non-Executive Director)
Shares Sold: 500,000 (-40.0%)
Price: CAD 2.00
Total Value: CAD 1,000,000
Institutional Spotlight: Key Players Back Bright Minds Biosciences (DRUG) with Significant New Positions
Bright Minds Biosciences Inc. (DRUG) has recently attracted significant institutional interest. LOGOS Global Management LP, led by Arsani William, acquired 100,000 shares on October 16, 2024, representing 2.20% of the company’s outstanding shares. This marks a 100% new position for the firm, as reported in an SC 13G filing, which was accepted by the SEC on October 23, 2024.
Additionally, Steve Cohen’s Point72 Asset Management LP made a substantial new purchase of 435,000 shares, representing 9.70% of the total shares outstanding. This position, also established on October 16, 2024, was confirmed in an SC 13G filing, accepted by the SEC on October 23, 2024. These recent filings reflect growing institutional confidence in Bright Minds Biosciences’ potential.
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
US – Institutional Momentum Watchlist
AAPL, ACLX, AEYE, AHCO, AMBP, AMP, AMRK, AMSC, AOSL, APP, ARES, ATAT, ATMU, AXON, AZO, BCYC, BGNE, BLK, BNL, BNTC, BSX, BTO, BV, BX, BXP, CACI, CARG, CARR, CART, CAVA, CBSH, CCK, CDE, CFG, CLM, CMA, CMI, CMRE, CNTA, COMP, CW, CWAN, DASH, DCTH, DECK, DKS, DLR, DOCS, DTM, DUK, DY, EHC, ELDN, ELVN, EQH, EQR, ERAS, ETR, EVRG, EWTX, FCNCA, FEX, FFIV, FINV, FIS, FNGS, FRPT, FTNT, FWONK, GKOS, GLW, GRND, GTES, HAS, HCI, HIW, HL, HLT, HROW, INOD, INSM, IOT, ISRG, JCI, JHG, JPM, KDP, KKR, KVYO, LDOS, LEN, LMB, LMT, LNT, LNTH, MA, MAX, MBC, MCO, MELI, MIR, MITT, MNDY, MREO, MRUS, MTSI, MTUM, NDAQ, NEE, NFLX, NOW, NRIX, NU, NVDA, OCUL, OGE, OUT, OWL, PCT, PLTR, PPL, PRIM, PYPL, QTWO, RCM, RDVT, RDW, RDWR, REPL, RNA, ROST, RTX, RVMD, RZLT, SAP, SEZL, SGHC, SKY, SLV, SMR, SPG, SPGI, SPOT, SRE, SSNC, SSO, SWI, TEL, TGLS, THRD, TJX, TOST, TRMB, TRU, TT, TTD, TW, TWST, TYL, UAL, UGL, UHS, USD, USFD, USM, VCTR, VERX, VGK, VRNS, VST, VTV, VUG, VWO, WAB, WEC, WGS, WLFC, WMT, WOOF, WULF, WVE, XHB, XLF, XLK, ZBRA, ZIM, ZWS
Canadian Institutional Momentum Watchlist
EXPORT – CDN – Institutional Momentum Watchlist
AAUC.TO, ABX.TO, AC.TO, ACB.TO, AG.TO, AGI.TO, ALA.TO, AP/UN.TO, ARG.TO, ARIS.TO, ARTG.V, ASM.TO, ATRL.TO, BAM.TO, BCE.TO, BEPC.TO, BLDP.TO, BLX.TO, BMO.TO, BN.TO, BNS.TO, BTO.TO, CAE.TO, CAS.TO, CCO.TO, CG.TO, CIGI.TO, CM.TO, CS.TO, CTC/A.TO, CTS.TO, CURA.TO, DCBO.TO, DFY.TO, DML.TO, DNTL.TO, DOL.TO, DPM.TO, ECN.TO, EDR.TO, EDV.TO, EFX.TO, ELD.TO, EMA.TO, ENB.TO, ENGH.TO, FCR/UN.TO, FIL.TO, FM.TO, FNV.TO, FTS.TO, FURY.TO, GAU.TO, GEI.TO, GLXY.TO, GOLD.TO, GWO.TO, H.TO, HBM.TO, HITI.V, IAU.TO, IFC.TO, IGM.TO, III.TO, IMG.TO, ITR.V, K.TO, LGO.TO, LSPD.TO, LUG.TO, LUN.TO, MAG.TO, MG.TO, MND.TO, MOGO.TO, MRE.TO, NEO.TO, NGD.TO, NXE.TO, ODV.V, OGC.TO, OGI.TO, OLA.TO, ONC.TO, OR.TO, PAAS.TO, PBH.TO, PIF.TO, POW.TO, PRL.TO, PRMW.TO, PTM.TO, RCI/B.TO, SEA.TO, SIA.TO, SII.TO, SIL.TO, SMT.TO, SSL.TO, SSRM.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, T.TO, TF.TO, TFPM.TO, TH.TO, TIH.TO, TOT.TO, TOY.TO, TPZ.TO, TRI.TO, TRP.TO, TWM.TO, TXG.TO, URC.TO, URE.TO, VNP.TO, WDO.TO, WEF.TO, WN.TO, WPM.TO, WRN.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!
