SYS Research – Unusual Activity – Tuesday, December 3, 2024

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.

QUALCOMM Incorporated (QCOM)
Sentiment: Bullish
Options Activity:

  • Calls Bought: $23,372,087
  • Calls Sold: $19,260,650
  • Puts Bought: $62,150
  • Puts Sold: $26,312

Total Values: Net Premium: $4,075,599
Strike Price: High call activity indicates positioning for a rebound or upside.
Expectations: Institutional buyers appear optimistic about QCOM’s near-term growth.


PSQ Holdings (PSQH)
Sentiment: Mixed
Options Activity:

Bought PUT contracts expiring on December 20, 2024, at a strike price of 5. The spot price was 7.72885, indicating a 35.31% difference. This was a MULTI-SWEEP trade for 2 contracts, totaling $36,365.
Sold CALL contracts expiring on January 17, 2025, at a strike price of 12.5. The spot price was 7.21, representing a 73.37% difference. MULTI-SWEEP trades were executed for 213 contracts with a total premium of $60,375.
Total Values: $96,740
Strike Price: 5 (PUT), 12.5 (CALL)
Expectations: The PUT activity signals bearish expectations, while the sold CALL contracts imply limited upward potential or stability.


Amazon.com Inc. (AMZN)
Sentiment: Bullish
Options Activity: Bought CALL contracts expiring on March 21, 2025, at a strike price of 220. The spot price was 212.915, reflecting a 3.33% difference. MULTI-SWEEP trades accounted for 14,072 contracts with a total premium of $1,042,840.
Total Values: $1,042,840
Strike Price: 220
Expectations: Bullish outlook with the strike price above the spot price, signaling expectations of price appreciation.


Roblox Corporation (RBLX)
Sentiment: Bullish
Options Activity: Bought CALL contracts expiring on January 16, 2026, at a strike price of 70. The spot price was 53.255, reflecting a 31.44% difference. MULTI-SWEEP trades were executed for 2,336 contracts, totaling $652,115 in premium.
Total Values: $652,115
Strike Price: 70
Expectations: Bullish expectations as the strike price is significantly above the spot price, anticipating substantial price appreciation.


TeraWulf Inc. (WULF)
Sentiment: Bullish
Options Activity: Several call options were purchased with a strike price of $7. These options have an expiration date of January 16, 2026, which is 409 days away. Premiums ranged between $278,380 and $620,000 across multiple transactions.
Total Values: $1,490,000 (total premiums across all trades)
Strike Price: $7
Expectations: The spot price of $7.135 is closely aligned with the strike price. Buyers appear bullish, expecting the stock price to rise above $7 before expiration.


AT&T Inc. (T)
Sentiment: Bullish
Options Activity: Call options with a strike price of $22 were purchased. Expiration is set for June 20, 2025, with premiums totaling $361,298.
Total Values: $361,298
Strike Price: $22
Expectations: The spot price of $23.615 is above the strike price, indicating buyers expect further upward movement.


Morgan Stanley (MS)
Sentiment: Bearish
Options Activity: Put options with a strike price of $140 were purchased. Expiration date is March 21, 2025, with $403,820 in premiums paid.
Total Values: $403,820
Strike Price: $140
Expectations: The spot price of $130.655 is below the strike price. Buyers anticipate the stock could decline further or are hedging against downside risk.


Microvast Holdings, Inc. (MVST)
Sentiment: Bullish
Options Activity: Calls with a $1 strike price were bought, expiring December 20, 2024. Premiums totaled $49,445 across two trades.
Total Values: $49,445
Strike Price: $1
Expectations: The spot price of $1.23393 is above the strike price, indicating confidence in further appreciation.


Meta Platforms, Inc. (META)
Sentiment: Bullish
Options Activity:

  • Calls Bought: $22,928,843
  • Calls Sold: $16,681,877
  • Puts Bought: $2,311,988
  • Puts Sold: $2,778,843

Total Values: Net Premium: $6,713,821
Strike Price: High call activity supports bullish sentiment; low put activity limits downside expectations.
Expectations: Investors likely anticipate growth in META’s stock price in the near term.


Carnival Corporation (CCL)
Sentiment: Bearish
Options Activity: Calls bought at a $15 strike price with an expiration of January 17, 2025, for $543,665 in premiums.
Total Values: $543,665
Strike Price: $15
Expectations: The spot price of $26.195 far exceeds the strike, suggesting hedging or unusual positioning despite the apparent bullish purchase.


Alibaba Group Holding Ltd. (BABA)
Sentiment: Bullish
Options Activity: Multiple large put sales observed for December 20, 2024, expiration, with strike prices at $115 and $120. Premiums across trades totaled $17,764,000.
Total Values: $17,764,000
Strike Price: $115–$120
Expectations: The spot price of $85.735 is well below the strike prices of $115 and $120. The significant sales of puts indicate bullish sentiment, with sellers confident that the price will not drop further, aiming to collect premium income or showing confidence in price stability or recovery.


iShares Gold Trust (IAU)
Sentiment: Bullish
Options Activity: A purchase of call options with a strike price of $50 and expiration on April 17, 2025. The trade involved 601 contracts at a premium of $535,933, with the strike price marginally above the spot price of $49.865.
Total Values: $535,933
Strike Price: $50
Expectations: The strike price of $50 is slightly above the spot price of $49.865. This call purchase suggests a bullish outlook, with the expectation that IAU’s price will rise above $50 by expiration to generate a profit.


iShares Silver Trust (SLV)
Sentiment: Bullish
Options Activity: A purchase of call options with a strike price of $30 and expiration on December 27, 2024. The trade involved 20,753 contracts at a total premium of $1,109,080, with the strike price above the spot price of $28.275.
Total Values: $1,109,080
Strike Price: $30
Expectations: The strike price of $30 is approximately 6.1% above the spot price of $28.275. This call purchase indicates a bullish sentiment, with the expectation that SLV’s price will rise significantly above $30 by expiration to make the trade profitable.


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

Nuveen Churchill Direct Lending Corp (NCDL)
Buyer: Kenneth J. Kencel (CEO & President)
Shares Purchased: 20,000 (+100.0%)
Price: USD 17.37
Total Value: USD 347,370

Lexaria Bioscience Corp (LXRP)
Buyer: Richard Christopher (Chief Executive Officer)
Shares Purchased: 22,828 (+inf%)
Price: USD 2.24
Total Value: USD 51,217

Tile Shop Holdings Inc (TTSH)
Buyer: Fund 1 Investments, LLC (Large Shareholder)
Shares Purchased: 14,000 (+0.2%)
Price: USD 6.67
Total Value: USD 93,327

Calyxt Inc (CLXT)
Buyer: Gerhard Prante (Non-Executive Director)
Shares Purchased: 2,300 (+3.3%)
Price: USD 4.46
Total Value: USD 10,258

US Insider Sales

Church & Dwight Co Inc (CHD)
Seller: Rick Spann (EVP, Chief Supply Chain Officer)
Shares Sold: 39,520 (-88.8%)
Price: USD 112.00
Total Value: USD 4,426,240

Woodward Inc (WWD)
Seller: Thomas G. Cromwell (EVP and COO)
Shares Sold: 10,000 (-46.5%)
Price: USD 179.54
Total Value: USD 1,795,400

Palo Alto Networks Inc (PANW)
Seller: Lee Klarich (EVP, Chief Product Officer)
Shares Sold: 19,858 (-8.3%)
Price: USD 388.15
Total Value: USD 7,707,942

Spirit Airlines Inc (SAVE)
Seller: John A. Bendoraitis (EVP and COO)
Shares Sold: 75,268 (-75.3%)
Price: USD 0.85
Total Value: USD 64,294

Coliseum Capital Management, LLC (UTI)
Seller: Coliseum Capital Management, LLC (Large Shareholder)
Shares Sold: 2,483,579 (-26.6%)
Price: USD 25.10
Total Value: USD 62,337,833


CDN Insider Purchases

Orogen Royalties Inc (OGN)
Buyer: Altius Minerals Corporation (10% Security Holder)
Shares Purchased: 3,127,400 (+Significant)
Price: CAD 1.35
Total Value: CAD 4,221,990

CAE Inc (CAE)
Buyer: Marc Parent (Director and Senior Officer)
Shares Purchased: 20,000 (+4.8%)
Price: CAD 32.93
Total Value: CAD 658,600

K-Bro Linen Inc (KBL)
Buyer: Linda Jane McCurdy (Director and Senior Officer)
Shares Purchased: 16,777 (+7.5%)
Price: CAD 31.10
Total Value: CAD 521,765

Amex Exploration Inc (AMX)
Buyer: André Shareck (Director)
Shares Purchased: 100,000 (+50.0%)
Price: CAD 1.16
Total Value: CAD 115,500

CDN Insider Sales

CAE Inc (CAE)
Seller: Marc Parent (Director and Senior Officer)
Shares Sold: 343,000 (-45.3%)
Price: CAD 32.70
Total Value: CAD 11,216,100

TransAlta Corp (TA)
Seller: John Harry Kousinioris (Director and Senior Officer)
Shares Sold: 65,000 (-11.5%)
Price: CAD 15.74
Total Value: CAD 1,023,100

Aritzia Inc (ATZ)
Seller: Jennifer Wong (Director and Senior Officer)
Shares Sold: 20,000 (-16.7%)
Price: CAD 46.50
Total Value: CAD 930,000

Metro Inc (MRU)
Seller: Simon Rivet (Senior Officer)
Shares Sold: 5,332 (-22.1%)
Price: CAD 91.88
Total Value: CAD 489,895

CES Energy Solutions Corp (CEU)
Seller: Anthony Michael Aulicino (Senior Officer)
Shares Sold: 30,000 (-2.8%)
Price: CAD 9.65
Total Value: CAD 289,500


Institutional Spotlight: Gamco Investors, Inc.

Gamco Investors, Inc., led by renowned portfolio manager Mario Gabelli, disclosed a total of 865 holdings in its latest filings, representing a portfolio value of approximately $9.77 billion. This figure excludes undisclosed cash holdings that would elevate their Assets Under Management (AUM). The firm’s investment strategy remains diverse, with top holdings including Herc Holdings Inc. (HRI), Mueller Industries, Inc. (MLI), Crane Company (CR), GATX Corporation (GATX), and Modine Manufacturing Company (MOD). These core positions underline Gamco’s confidence in the industrial and manufacturing sectors.

Recent portfolio adjustments highlight significant activity. Gamco introduced new positions in Innovex International, Inc. (INVX), Sirius XM Holdings Inc. (SIRI), Chuy’s Holdings, Inc. (CHUY), TE Connectivity plc (TEL), and Centuri Holdings, Inc. (CTRI). Among these, Innovex International (INVX) received notable attention, with a 2.32 million share investment valued at $34.01 million, marking it as a key new entrant.

The firm also demonstrated conviction in existing positions with strategic increases. Mueller Industries (MLI) saw a $225.60 million allocation, comprising 2.31% of the portfolio and reflecting a 0.25% increase in portfolio share. Similarly, Modine Manufacturing (MOD) experienced a $169.74 million investment, pushing its portfolio allocation to 1.74%, a 0.23% growth.

Other noteworthy increases include Herc Holdings (HRI), with a $227.32 million valuation (up 0.17% in portfolio share), and smaller but notable shifts in Sirius XM (SIRI), Standard Motor Products (SMP), and American Express (AXP). Increases in positions like Tredegar Corporation (TG) and Strattec Security Corporation (STRT) signal Gamco’s tactical focus on niche opportunities within diversified industries.

Sectorally, Gamco’s portfolio remains concentrated in areas such as Water Transportation (SIC 44), Insurance Agents, Brokers, and Services (SIC 64), and Stone, Clay, Glass, and Concrete Products (SIC 32). This sector emphasis aligns with broader market trends emphasizing infrastructure and industrial recovery.


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 – 2024-11-30

AA, AAPL, AESI, AEYE, AFRM, AGX, ALL, AM, AMP, AMSC, AMZN, ANET, AOSL, APD, APLD, APO, APP, ARES, ARIS, ATMU, AXON, AXP, AY, BDC, BECN, BGNE, BK, BLFS, BLK, BN, BOX, BRBS, BROS, BTDR, BV, BWIN, BX, CAAP, CARG, CART, CCL, CEG, CHWY, CIEN, CIFR, CIO, CKPT, CLBT, CLM, CLS, CMI, CNK, CNTA, COHR, COOP, CORZ, CRDO, CRH, CTAS, CVNA, CW, DAL, DCTH, DECK, DLR, DTM, DUOL, EHC, ELDN, EME, EQH, ETN, EWTX, EZPW, FFIV, FI, FINV, FIX, FLUT, FNGS, FRHC, FTAI, FTNT, GILD, GKOS, GLBE, GLW, GMED, GOLF, GRND, GTES, GWRE, HD, HIMS, HLMN, HLT, HMN, HPE, HRI, HWM, IBKR, IBM, IESC, INOD, IP, IPI, IREN, ISRG, ITT, JCI, JHG, KAI, KGS, KKR, KMPR, KN, KTOS, KVYO, LAZ, LBTYA, LITE, LMB, MA, MAMA, MD, MGNI, MIR, MLNK, MMM, MOD, MP, MRCY, MRVL, MTSI, MTUM, MWA, NATL, NBXG, NCNO, NFLX, NN, NOW, NRG, NUTX, OFIX, OMF, ONON, OOMA, OUT, PCT, PFSI, PGR, PHX, PLTR, PLXS, PPC, PRAX, PRIM, PYPL, QFIN, QTWO, RBLX, RCL, RDW, REAL, REPL, REVG, ROAD, RSI, RTX, RYAN, SANM, SAP, SATX, SCHW, SFM, SHW, SLVM, SMR, SNDR, SNT, SPB, SPOT, SPXC, SR, SSO, STEP, SWI, TGLS, TGNA, TOST, TSLA, TT, TTD, TTWO, TVTX, UAL, UFPT, UNFI, UNH, VEON, VRT, VSCO, VST, VTV, VTWO, VUG, WAB, WCC, WIX, WLFC, WMT, WSM, WULF, XHB, XLF, YPF, ZBRA, ZWS

 

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-30

AAUC.TO, AC.TO, ACO/X.TO, ADEN.TO, AG.TO, AGF/B.TO, AGI.TO, ALA.TO, AP/UN.TO, AQN.TO, ARG.TO, ARTG.V, ARX.TO, ATRL.TO, ATZ.TO, BAM.TO, BCT.TO, BDT.TO, BMO.TO, BN.TO, BNS.TO, BTO.TO, CAE.TO, CAS.TO, CCA.TO, CCO.TO, CEU.TO, CF.TO, CGY.TO, CHP/UN.TO, CIGI.TO, CJR/B.TO, CLS.TO, CM.TO, CNE.TO, CP.TO, CPX.TO, CRR/UN.TO, CTC/A.TO, CU.TO, CWB.TO, DBM.TO, DML.TO, DOL.TO, DPM.TO, DPRO.CA, DSG.TO, DXT.TO, EMA.TO, ENB.TO, ENGH.TO, EQB.TO, EQX.TO, EXE.TO, FC.TO, FCR/UN.TO, FFH.TO, FIL.TO, FM.TO, FSZ.TO, FURY.TO, GFL.TO, GLXY.TO, GRT/UN.TO, GWO.TO, HBM.TO, HITI.V, IAG.TO, IGM.TO, IMG.TO, ITR.V, KEY.TO, KMP/UN.TO, LAAC.TO, LAC.TO, LB.TO, LIF.TO, LSPD.TO, LUG.TO, MAG.TO, MDA.TO, MFC.TO, MG.TO, MI/UN.TO, MTL.TO, MTY.TO, NA.TO, NFI.TO, NGD.TO, NOA.TO, NVA.TO, NWH/UN.TO, NXE.TO, OGC.TO, OLA.TO, OR.TO, PAAS.TO, PET.TO, PHX.TO, PIF.TO, POU.TO, POW.TO, PRL.TO, PTK.V, PTM.TO, QBR/B.TO, RCH.TO, REI/UN.TO, RUS.TO, RY.TO, SIA.TO, SII.TO, SIL.TO, SLF.TO, SRU/UN.TO, SSRM.TO, STN.TO, T.TO, TA.TO, TCW.TO, TFII.TO, TFPM.TO, TOU.TO, TOY.TO, TRI.TO, TVE.TO, TXG.TO, VET.TO, VHI.TO, VNP.TO, WN.TO, WPK.TO, WPM.TO, WSP.TO, WTE.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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