SYS Research – Unusual Activity – Tuesday, November 19, 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.

Direxion Daily Semiconductor Bull 3X Shares (SOXL)
Sentiment: Bullish
Options Activity: Sell Put
Total Values: 970 contracts
Strike Price: $34, Expiry: 2024-11-22
Spot Price: $27.825
Expectations/Market View: Indicates expectations for SOXL to demonstrate stability leading up to expiration, or it could also serve as a bet or hedge against Nvidia’s earnings report.


US Dollar ETF (USD)
Sentiment: Bullish
Options Activity: Buy Call
Total Values: 29 contracts
Strike Price: $67.5, Expiry: 2024-12-20
Spot Price: $67.775
Expectations/Market View: Shows optimism for the dollar’s potential to rise above $67.50.


Target Corporation (TGT)
Sentiment: Bullish
Options Activity: Buy Call
Total Values: 2936 contracts
Strike Price: $165, Expiry: 2024-11-22
Spot Price: $155.794
Expectations/Market View: Anticipates a potential upside movement ahead of earnings and Ex-Div.


Meta Platforms, Inc. (META)
Sentiment: Bearish
Options Activity: Buy Put
Total Values: 768 contracts
Strike Price: $550, Expiry: 2025-02-21
Spot Price: $558.33
Expectations/Market View: Indicates potential downside or protection strategy above the $550 level.


Tesla, Inc. (TSLA)
Sentiment: Bullish
Options Activity: Buy Call
Total Values: 44463 contracts
Strike Price: $300, Expiry: 2025-01-17
Spot Price: $343.375


Robinhood Markets, Inc. (HOOD)
Sentiment: Bullish
Options Activity: Buy Call
Total Values: 10468 contracts
Strike Price: $30, Expiry: 2026-01-16
Spot Price: $35.545
Expectations/Market View: Shows bullish sentiment and anticipation of price movement above $30.


Marathon Petroleum Corporation (MPC)
Sentiment: Bullish
Options Activity: The premium for calls bought was $24,388,800, while the premium for calls sold was $17,222,400. There was no notable put activity.
Total Values: Net premium of $7,166,400.
Strike Price Considerations: Limited yet substantial call buying reflects bullish sentiment.
Market View/Expectations: Institutional focus indicates strong confidence in price stability or upside movement for MPC.


Vertiv Holdings Co (VRT)
Sentiment: Bullish
Options Activity: Call premium bought totaled $7,145,217, while calls sold amounted to $990,000. Put premiums amounted to $371,810 bought and $954,808 sold.
Total Values: Net premium of $6,738,215.
Strike Price Considerations: Bullish sentiment is underscored by higher call premiums relative to put activity.
Market View/Expectations: Institutional net inflows indicate expectations of price appreciation, with bullish momentum being more prominent.


CleanSpark, Inc. (CLSK)
Sentiment: Bullish
Options Activity: Call premium bought was $4,020,805 against $1,011,572 for calls sold. Put premium bought totaled $316,546, with puts sold reaching $3,153,979.
Total Values: Net premium of $5,846,666.
Strike Price Considerations: Mixed but primarily bullish sentiment driven by call premiums and large put selling activity.
Market View/Expectations: The market positioning indicates institutional expectations for upward movement or price stability.


Alibaba Group Holding Limited (BABA)
Sentiment: Bullish
Options Activity: Call premiums bought were $3,741,004, with calls sold at $960,365. Put premiums were $609,437 for puts bought and $1,086,274 for puts sold.
Total Values: Net premium of $3,257,476.
Strike Price Considerations: The net premium slightly favors a bullish sentiment.
Market View/Expectations: Institutions show moderate bullish sentiment with expectations for upward movement or stability.


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

Biglari Holdings Inc (BH)
Buyer: BIGLARI, SARDAR (Chairman and CEO)
Shares Purchased: 3,965 (+0.3%)
Price: USD 209.77
Total Value: USD 831,738

Biglari Holdings Inc (BH)
Buyer: BIGLARI, SARDAR (Chairman and CEO)
Shares Purchased: 151 (+0.1%)
Price: USD 1,045.10
Total Value: USD 157,810

Digital Turbine Inc (APPS)
Buyer: STONE WILLIAM GORDON III (Chief Executive Officer)
Shares Purchased: 100,000 (+6.4%)
Price: USD 1.22
Total Value: USD 122,000

Brooks Automation Inc (BRKS)
Buyer: Madaus Martin D (Non-Executive Director)
Shares Purchased: 4,940 (+200.4%)
Price: USD 40.77
Total Value: USD 201,404

Kadant Inc (KAI)
Buyer: HESS JACK LEE (Non-Executive Director)
Shares Purchased: 5,000 (+5.1%)
Price: USD 15.60
Total Value: USD 77,975

US Insider Sales

Cloudflare Inc (NET)
Seller: SEIFERT THOMAS J (Chief Financial Officer)
Shares Sold: 10,755 (-4.1%)
Price: USD 96.14
Total Value: USD 1,033,973

Cloudflare Inc (NET)
Seller: SEIFERT THOMAS J (Chief Financial Officer)
Shares Sold: 5,962 (-2.2%)
Price: USD 95.35
Total Value: USD 568,502

Republic Services Inc (RSG)
Seller: DelGhiaccio Brian M (EVP Chief Financial Officer)
Shares Sold: 5,071 (-44.5%)
Price: USD 210.02
Total Value: USD 1,065,011

Whirlpool Corp (WHR)
Seller: Bitzer Marc R (Chairman and CEO)
Shares Sold: 10,000 (-4.8%)
Price: USD 110.09
Total Value: USD 1,100,900

Exelixis Inc (EXEL)
Seller: Haley Patrick J. (EVP, Commercial)
Shares Sold: 22,207 (-6.7%)
Price: USD 34.31
Total Value: USD 761,922

Sema4 Holdings Corp (SMFR)
Seller: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI (Large Shareholder)
Shares Sold: 126,782 (-4.5%)
Price: USD 70.78
Total Value: USD 8,973,059

Royal Caribbean Cruises Ltd (RCL)
Seller: Wilhelmsen Arne Alexander (Non-Executive Director)
Shares Sold: 89,553 (-0.5%)
Price: USD 231.57
Total Value: USD 20,737,788

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Non-Executive Director, Large Shareholder)
Shares Sold: 268,409 (-1.0%)
Price: USD 25.68
Total Value: USD 6,893,709

Meta Platforms Inc (META)
Seller: Bosworth Andrew (Chief Technology Officer)
Shares Sold: 6,981 (-59.7%)
Price: USD 553.27
Total Value: USD 3,862,353

Apple Inc (AAPL)
Seller: LEVINSON ARTHUR D (Non-Executive Director)
Shares Sold: 75,000 (-1.8%)
Price: USD 228.66
Total Value: USD 17,149,500

Marathon Oil Corp (MRO)
Seller: Lee M. Tillman (Chairman, President and CEO)
Shares Sold: 256,591 (-30.1%)
Price: USD 29.07
Total Value: USD 7,459,511

Silgan Holdings Inc (SLGN)
Seller: Anthony J. Allott (Non-Executive Director)
Shares Sold: 98,394 (-17.7%)
Price: USD 53.91
Total Value: USD 5,304,421

Amazon.com Inc (AMZN)
Transaction: Planned Sale
Insider: Herrington Douglas J, CEO Worldwide Amazon Stores
Shares: 2,000
Price: $206.78
Value: $413,560

Biglari Holdings Inc (BH)
Transaction: Purchase
Insider: BIGLARI, SARDAR, Chairman and CEO
Shares: 5,152
Price: $209.97
Value: $1,081,765

Tesla Inc (TSLA)
Transaction: Planned Sale
Insider: DENHOLM ROBYN M, Non-Executive Director
Shares: 1,900
Price: $320.00
Value: $608,006

Meta Platforms Inc (META)
Transaction: Sale
Insider: Bosworth Andrew, Chief Technology Officer
Shares: 5,057
Price: $577.16
Value: $2,918,698


CDN Insider Purchases

Zacatecas Silver Corp (ZAC)
Buyer: Slusarchuk, Bryan (Director)
Shares Purchased: 130,000 (+12.8%)
Price: CAD 0.07
Total Value: CAD 8,450

Vizsla Silver Corp (VZLA)
Buyer: Konnert, Michael (Director)
Shares Purchased: 10,000 (+0.4%)
Price: CAD 2.51
Total Value: CAD 25,137

Stella-Jones Inc (SJ)
Buyer: Albanesi, Marco (Senior Officer)
Shares Purchased: 200 (+625.0%)
Price: CAD 69.95
Total Value: CAD 13,990

Saturn Oil & Gas Inc (SOIL)
Buyer: Bergerman, Ivan Ray (Director)
Shares Purchased: 23,600 (+34.5%)
Price: CAD 2.11
Total Value: CAD 49,796

Q Precious & Battery Metals Corp (QMET)
Buyer: Penn, Richard Ryan (Executive Director)
Shares Purchased: 400,000 (+18.9%)
Price: CAD 0.05
Total Value: CAD 20,000

Delta Resources Limited (DLTA)
Buyer: Reid, Christopher Justin (Director)
Shares Purchased: 1,785,714 (+52.6%)
Price: CAD 0.14
Total Value: CAD 250,000

Nine Mile Metals Ltd.
Buyer: MaLette, Charles Henry (Non-Executive Director)
Shares Purchased: 400,000 (+23.5%)
Price: CAD 0.05
Total Value: CAD 20,000

Riverside Resources Inc (RRI)
Buyer: Ladner, James (Non-Executive Director)
Shares Purchased: 22,500 (+22.5%)
Price: CAD 0.14
Total Value: CAD 3,150

Nevis Brands Inc.
Buyer: Bell, John K. (Non-Executive Director)
Shares Purchased: 300,000 (+60.0%)
Price: CAD 0.09
Total Value: CAD 27,000

Dynasty Gold Corp (DYG)
Buyer: Shklanka, Roman (Non-Executive Director)
Shares Purchased: 200,000 (+27.6%)
Price: CAD 0.12
Total Value: CAD 24,000

Altus Group Ltd (AIF)
Buyer: Brennan, William (Non-Executive Director)
Shares Purchased: 14,285 (+0.8%)
Price: CAD 56.10
Total Value: CAD 801,389

CDN Insider Sales

Sierra Metals Inc (SMT)
Seller: Arias, J. Alberto (Director)
Shares Sold: 75,704 (-0.3%)
Price: USD 0.48
Total Value: USD 35,975

Peyto Exploration & Development Corp (PEY)
Seller: Carlson, Tavis Aaron (Senior Officer)
Shares Sold: 21,000 (-65.6%)
Price: CAD 15.57
Total Value: CAD 326,901

Paramount Resources Ltd (POU)
Seller: Stotts, Garth W.J. (Senior Officer)
Shares Sold: 12,480 (-16.6%)
Price: CAD 31.10
Total Value: CAD 388,084

Nuvista Energy Ltd (NVA)
Seller: Wright, Jonathan Andrew (Senior Officer)
Shares Sold: 46,722 (-5.2%)
Price: CAD 13.05
Total Value: CAD 609,722

Nuvista Energy Ltd (NVA)
Seller: Wright, Jonathan Andrew (Senior Officer)
Shares Sold: 50,182 (-5.6%)
Price: CAD 13.15
Total Value: CAD 659,893

Firstservice Corp (FSV)
Seller: Rakusin, Jeremy Alan (Senior Officer)
Shares Sold: 8,000 (-3.1%)
Price: CAD 262.75
Total Value: CAD 2,102,000

Medical Facilities Corporation
Seller: Blanchard, Yanick (Non-Executive Director)
Shares Sold: 100,000
Price: CAD 15.93
Total Value: CAD 1,593,100

Firstservice Corp (FSV)
Seller: Cooke, Douglas G. (Senior Officer)
Shares Sold: 10,000 (-4.4%)
Price: CAD 260.00
Total Value: CAD 2,600,000

Sun Life Financial Inc (SLF)
Seller: Kennedy, Melissa Jane (Senior Officer)
Shares Sold: 22,100 (-61.4%)
Price: CAD 84.70
Total Value: CAD 1,871,788


Institutional Spotlight: Bowhead Specialty Holdings (BOW)

Bowhead Specialty Holdings Inc. has garnered heightened institutional interest, with 142 institutional owners exclusively holding long-only positions, marking a 75.31% increase in ownership from the prior quarter. Currently, institutions hold a combined total of 16,717,592 shares, representing 51.19% of all outstanding shares, a substantial increase of 7.80 million shares or 87.37%. This shift underscores increasing confidence among institutional investors in Bowhead’s potential.

Major stakeholders include:

  • American Family Investments, Inc.
  • Price T Rowe Associates Inc /md/
  • American Century Companies Inc
  • Victory Capital Management Inc

Key funds maintaining or expanding positions:

  • PRNHX – T. Rowe Price New Horizons Fund, Inc.
  • SSGSX – Victory Sycamore Small Company Opportunity Fund Class A
  • ASVIX – Small Cap Value Fund Investor Class

Additionally, major institutional powerhouses such as BlackRock, Inc. and Vanguard Group Inc. also hold substantial positions, reflecting strategic confidence in Bowhead’s growth trajectory.

The stock’s performance further reflects this optimism, with its share price rising from $23.80 on May 23, 2024, to $34.65 as of November 19, 2024—a 45.59% increase over six months. This marked appreciation is likely influenced by increased institutional activity and potential strategic shifts within the company. Schedule 13D filings indicate active engagement with intent to influence corporate strategy, while 13G filings reflect passive yet meaningful positions, underscoring long-term investor confidence.


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 – 2024-11-17

AA, ALL, AM, AMP, AON, APD, APP, ATMU, AY, BAC, BGC, BK, BKNG, BKU, BLCO, BLK, BOKF, BTDR, BX, CAVA, CBU, CFFN, CFG, CIFR, CLS, CORZ, CRS, CVNA, CWAN, DGX, DLR, DTM, EME, ETR, EVRG, FCF, FCNCA, FI, FIX, FRME, FTAI, GPI, GTES, HOMB, HPQ, IBKR, INDB, IP, ITT, JPM, KGS, KMPR, LLYVA, LMB, LNT, MA, MAA, NATL, NDAQ, NN, NRG, NWBI, OFIX, OGE, OMF, OOMA, ORI, PFS, PGRU, PIPR, PLTR, PPC, PPL, PYPL, RBC, RDW, RGA, RYAN, SFM, SGHC, SNT, SPG, SRDX, SRE, SWX, TBBK, TJX, TOST, TPC, TSLA, TW, UAL, UNFI, VST, WEC, WELL, WRBY, XLF, YPF, ZIM, ZWS

 

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-17

ACO/X.TO, AD/UN.TO, ALA.TO, AP/UN.TO, BDGI.TO, BMO.TO, BNS.TO, CCO.TO, CF.TO, CLS.TO, CTC/A.TO, CU.TO, CWB.TO, DBM.TO, DML.TO, DOL.TO, ECN.TO, EFX.TO, EMA.TO, EMP/A.TO, EXE.TO, FC.TO, FIL.TO, FRU.TO, FSV.TO, FSZ.TO, GFL.TO, GLO.TO, GLXY.TO, GOLD.TO, GWO.TO, H.TO, JWEL.TO, KEY.TO, L.TO, LB.TO, MG.TO, NA.TO, NVA.TO, NVEI.TO, NXE.TO, PET.TO, PIF.TO, POW.TO, PRL.TO, PZA.TO, QTRH.TO, RUS.TO, SRU/UN.TO, SU.TO, TOT.TO, TPZ.TO, TRP.TO, URE.TO, WN.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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