SYS Research – Unusual Activity – Thursday, October 31, 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

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.

Disclaimer: 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 Trust (SPY)

Sentiment: Bullish with a mixed view on near-term volatility. Large put sales at high strikes indicate optimism in SPY’s stability, while selective call buying reflects confidence in long-term growth potential.

Options Activity: Notable among the SPY trades were high-volume put sales for January 2025, December 2024, and November 2024 expirations, primarily at strikes of 605 and 620. These generated approximately $70 million in premiums, underscoring market support at these levels.

Additionally, there was significant call buying, particularly for 595 strike calls expiring in September 2025 with a premium of $914,025, and shorter-term call buys for strikes in the 572 to 580 range expiring in November 2024. This reflects some anticipation of moderate price movements in the near term.

Total Values: $91,278,050

Strike Price: Calls range from 572 to 595; Puts range from 559 to 620.

Expectations: Potential for stable to moderate growth, especially long term, with anticipated short-term fluctuations as shown by near-term call activity.

Market View: The highlighted trades show a bullish outlook for SPY, with substantial support expected around the higher put strike levels, suggesting confidence in the ETF’s resilience. These were only some of the standout trades observed in SPY options, with the scan revealing more activity below.


SPDR S&P 500 ETF (SPY)
Sentiment: Mixed
Options Activity: Broad put selling with multiple expiration dates, including November 1 and November 29, 2024.
Total Values: Approximately $82,000,000 in total trades.
Strike Price: $570 to $610.
Expectations: Potential stabilization as the market seeks support levels at the 50-day moving average.


Marathon Digital Holdings Inc. (MARA)

Sentiment: Predominantly bullish. Large call purchases across near and mid-term expiration dates suggest positive expectations for MARA, with particular interest in November 2024 and June 2025 expirations.

Options Activity: Significant call buying activity observed, with notable trades including:

  • June 2025 call purchases at the 18 strike, totaling approximately $257,500 in premium, indicating a longer-term bullish outlook.
  • Heavy buying in November 2024 calls at the 15 strike across multiple sweeps, totaling over $1 million in premium, showing bullish sentiment for the short-term.

Total Values: Approximately $1.7 million in premium across major call purchases.

Strike Price: Key strikes include 15, 18, and 20 for calls across November 2024 and June 2025 expirations.

Expectations: Indications of anticipated upward price movement, especially for November 2024 and June 2025, as shown by repeated buying at various strikes, suggesting confidence in MARA’s near-term and mid-term potential.

Market View: The standout activity suggests bullish sentiment toward Marathon Digital Holdings, with expectations for an increase in price in the short to mid-term.


Meta Platforms Inc. (META)
Sentiment: Bullish
Options Activity: Large put sell with expiration on November 15, 2024, reflecting post-earnings movement.
Total Values: $4,048,880 in total trades.
Strike Price: $158.
Expectations: Price stabilization anticipated post-earnings.


Trump Media (DJT)
Sentiment: Bearish
Options Activity: High call sell with expiration on December 6, 2024.
Total Values: $737,969 across all trades.
Strike Price: $36.
Market View: Uncertain outlook.


Alibaba Group Holding Ltd (BABA)
Sentiment: Bearish
Options Activity: Heavy put buying with expiration on November 1, 2024, reflecting high volume in multiple strike ranges.
Total Values: Approximately $4,505,000.
Strike Price: $117 to $119.
Expectations: Bearish or hedging.


ROOT Inc. (ROOT)
Sentiment: Bearish
Options Activity: Significant call selling with expiration on December 20, 2024.
Total Values: $296,840 in trades.
Strike Price: $95.
Expectations: Price may decline in the short term.


JD.com, Inc. (JD)
Sentiment: Bullish
Options Activity: Large call buy with expiration on January 17, 2025.
Total Values: $764,510 in trades.
Strike Price: $40.
Market View: E-commerce sector projected to see strength.


Snowflake Inc. (SNOW)
Sentiment: Bearish
Options Activity: Strong put buy with expiration on January 17, 2025, following a post-earnings adjustment.
Total Values: $5,997,400 across trades.
Strike Price: $200.
Market View: Sector experiencing headwinds or hedging.


iShares Silver Trust (SLV)
Sentiment: Mixed
Options Activity: Mixed call and put selling with expiration on April 17, 2025.
Total Values: $1,371,400.
Strike Price: $37 to $38.
Expectations: Precious metals remain a key focus amid economic uncertainty.


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

Unusual Machines, Inc. (UMAC)
Buyer: Allan Thomas Evans (Executive Director, CEO)
Shares Purchased: 65,789 (+263.2%)
Price: USD 1.52 per share
Total Value: USD 99,999

BlackRock Innovation & Growth Trust (BIGZ)
Buyer: Saba Capital Management, L.P. (Large Shareholder)
Shares Purchased: 148,103 (+0.3%)
Price: USD 7.60 per share
Total Value: USD 1,125,583

Marten Transport Ltd (MRTN)
Buyer: Jerry M. Bauer (Non-Executive Director)
Shares Purchased: 10,000 (+6.8%)
Price: USD 15.81 per share
Total Value: USD 158,051

Pfizer Inc (PFE)
Buyer: Scott Gottlieb (Non-Executive Director)
Shares Purchased: 1,000 (+11.1%)
Price: USD 28.24 per share
Total Value: USD 28,240

US Insider Sales

Keurig Dr Pepper Inc (KDP)
Seller: JAB BevCo B.V. (Large Shareholder)
Shares Sold: 69,000,000 (-24.3%)
Price: USD 32.65 per share
Total Value: USD 2,252,850,000

Amphenol Corp (APH)
Seller: Richard Adam Norwitt (Executive Director, CEO)
Shares Sold: 900,672 (-31.8%)
Price: USD 68.81 per share
Total Value: USD 61,971,908

Jefferies Financial Group Inc (JEF)
Seller: Brian P. Friedman (Executive Director, President)
Shares Sold: 247,326 (-13.2%)
Price: USD 65.20 per share
Total Value: USD 16,125,309

American Express Co (AXP)
Seller: Douglas E. Buckminster (Vice Chairman)
Shares Sold: 13,111 (-10.7%)
Price: USD 270.98 per share
Total Value: USD 3,552,819


CDN Insider Purchases

Anthem Citizen Real Estate Development Trust
Buyer: Brooke Nelson Wade (Non-Executive Director)
Shares Purchased: 50,000 (+N/A%)
Price: CAD 10.00 per share
Total Value: CAD 500,000

Anthem Citizen Real Estate Development Trust
Buyer: Rob McJunkin (Officer)
Shares Purchased: 10,000 (+N/A%)
Price: CAD 10.00 per share
Total Value: CAD 100,000

Pasofino Gold Limited (VEIN)
Buyer: Brett Allan Richards (Non-Executive Director)
Shares Purchased: 578,338 (+N/A%)
Price: CAD 0.70 per share
Total Value: CAD 404,837

Consolidated Lithium Metals Inc (CLM)
Buyer: Richard Placide Quesnel (Officer)
Shares Purchased: 4,000,000 (+26.9%)
Price: CAD 0.03 per share
Total Value: CAD 100,000

CDN Insider Sales

Shopify Inc (SHOP)
Seller: Harley Michael Finkelstein (Officer)
Shares Sold: 1,650 (-5.2%)
Price: USD 79.82 per share
Total Value: USD 131,698

Oceanic Iron Ore Corp (FEO)
Seller: Gordon Keep (Executive Director)
Shares Sold: 355,000 (-N/A%)
Price: CAD 0.27 per share
Total Value: CAD 95,850

Celestica Inc (CLS)
Seller: Leila Wong (Executive Director)
Shares Sold: 600 (-4.4%)
Price: USD 70.27 per share
Total Value: USD 42,162

VersaBank (VBNK)
Seller: Nikola Kristo (Officer)
Shares Sold: 1,000 (-11.1%)
Price: CAD 20.64 per share
Total Value: CAD 20,643


Institutional Spotlight:ZIM Integrated Shipping (ZIM)

ZIM Integrated Shipping Services Ltd. (ZIM) has garnered robust interest among institutional investors, with 257 institutional owners, of which 241 are long-only. At the same time, 14 maintain a combination of long/short positions—a structure that reflects a notable recent shift, showing an increase of 7.95% in the most recent quarter. Institutional sponsorship now represents 50.08% of ZIM’s outstanding shares, up from the previous quarter, as reflected in the 17.01 million shares increase, underscoring significant buy-side interest. ZIM’s institutional share count totals 50,974,252 shares or 42.35% of the company’s shares outstanding, excluding 13D/G holdings, valued at approximately $1.09 billion.

Among major institutional investors, D.E. Shaw & Co., Inc., Citadel Advisors LLC, Renaissance Technologies LLC, and BlackRock Inc. are key players holding substantial positions, marking their continued influence on the stock’s market performance. Greenvale Capital LLP and Susquehanna International Group LLP also lead in share ownership, emphasizing a strategic commitment to ZIM’s growth potential.

A crucial update came on October 1, 2024, with Kenon Holdings Ltd. adjusting its position in ZIM, reducing holdings by 20.13%, bringing its ownership to 16.50%—a reflection of either portfolio rebalancing or a more cautious outlook. Meanwhile, Louis Moore Bacon’s Moore Capital Management acquired 861,554 shares, while Todd Kantor of Encompass Capital Advisors invested in 648,754 shares, both new additions indicating fresh confidence in ZIM’s strategic direction. Broad Bay Capital Management LP and Steve Cohen’s Point72 Asset Management also took on new positions, with Richard Greeder’s firm adding 423,000 shares and Point72 picking up 263,809 shares, further solidifying ZIM’s appeal to hedge fund heavyweights.


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 Momentum Watchlist – 2024-10-25

AAPL, ADSK, AGX, AM, AMAT, AMZN, AON, APGE, APP, ARQ, ARQT, ATSG, AVGO, AVTX, AXON, BEAT, BHVN, BILI, BKLN, BKNG, BLCO, BMTX, BRKL, BROS, BXMX, CAAP, CART, CHDN, CHE, CHKP, CHRW, CLM, CLS, CNC, CNK, CNQ, CPNG, CRDO, CRGX, CRH, CRM, CRS, CRUS, CVNA, CWAN, DASH, DAWN, DCTH, DDOG, DECK, DELL, DLR, DMRC, DORM, DUOL, ENTX, EOLS, ESGR, EWTX, EZPW, FFIV, FHTX, FINV, FNGS, FORM, FOUR, FRHC, FTAI, FUTU, GILD, GKOS, GOOG, GOOGL, GSHD, HAIN, HIMS, HLIT, HLT, HNRG, HPQ, HRI, HUBS, HWM, ICFI, ICVT, ILMN, INOD, IPI, IREN, KEYS, KGS, KN, KNSA, KNX, KROS, KTOS, KVYO, LAZ, LBRDK, LBTYA, LNTH, LOAR, MAX, MCHI, MGM, MGNI, MGRC, MIR, MNDY, MNKD, MOD, MP, MRUS, MSFT, MTSI, MU, NBXG, NEXT, NFLX, NN, NRIX, NVDA, NXPI, OCUL, OKLO, ONON, OSW, PCAR, PFGC, PLCE, PLNT, PLRX, PLTR, PTGX, PYPL, RBC, RBLX, RBRK, RDDT, RDWR, RPD, RZLT, SANM, SATX, SBUX, SEZL, SFM, SLNO, SMMT, SMR, SMTC, SNDR, SNY, SPOT, SQ, SRRK, SUM, TARS, TDG, TEL, TGTX, THRD, TMDX, TRMB, TSLA, TSM, TTD, TTGT, UAL, UGL, ULS, USD, USDU, USM, UUP, VERX, VRNS, VRT, VUG, WDC, WEAV, WULF, XLK, YPF, ZIM, ZS, ZURA

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional Momentum Watchlist – 2024-10-25

AC.TO, ACB.TO, AIF.TO, ARX.TO, ATH.TO, BAM.TO, BDGI.TO, BDT.TO, BTE.TO, CAE.TO, CCO.TO, CEU.TO, CFP.TO, CIGI.TO, CIX.TO, CJ.TO, CLS.TO, CNQ.TO, CRDL.TO, CVE.TO, CXB.TO, DML.TO, DRX.TO, EDV.TO, EFX.TO, ERA.V, FM.TO, FNV.TO, FSV.TO, FSZ.TO, GLXY.TO, GPV.V, GTII.CA, HBM.TO, HITI.V, IFP.TO, IMO.TO, ITR.V, LAC.TO, LGO.TO, LIF.TO, LUN.TO, MDA.TO, MEG.TO, MX.TO, NVEI.TO, OBE.TO, OGI.TO, OR.TO, PPL.TO, PRL.TO, PTM.TO, PZA.TO, QBR/B.TO, SES.TO, SIA.TO, STLC.TO, STN.TO, SU.TO, TF.TO, TFPM.TO, TOT.TO, TOU.TO, TOY.TO, TPZ.TO, TRP.TO, TRX.TO, TVE.TO, URE.TO, VHI.TO, VNP.TO, WEED.TO, WEF.TO, WFG.TO, WJX.TO, WPK.TO, YGR.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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