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

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.

Invesco QQQ Trust (QQQ)
Sentiment: Hedging
Options Activity: Notable put buying with significant premiums, potentially indicating hedging related to election uncertainty.
Total Values: $1,158,700 for a 10-day put expiring on November 15 with a 486 strike and a premium paid at 2.61 sigma.
Strike Price: 486
Expectations: With QQQ trading below this strike, sellers may anticipate further downside, possibly as a hedge against market volatility due to election results.

NVIDIA Corporation (NVDA)
Sentiment: Bullish
Options Activity: Call Buy
Total Value: $1,385,760
Strike Price: $130 (Spot Price: $139.795)
Expectations: The call purchase suggests an expectation for upward momentum, targeting a price increase well beyond the current spot by late November.
Market View: This aggressive call buy indicates strong bullish conviction, potentially forecasting continued upside in NVDA amid recent favorable market sentiment.

AdaptHealth Corp. (AHCO)
Sentiment: Neutral to Bullish
Options Activity: Significant put selling post-earnings, reflecting stability expectations with prices holding above the 10 level.
Total Values: $252,765 for a put expiring June 20, 2025, with a strike of 10, indicating larger size trades beyond prior open interest.
Strike Price: 10
Expectations: Sellers are positioning for AHCO to maintain or exceed this level, displaying confidence in stability rather than downside, especially with current prices near this threshold.

Pfizer Inc. (PFE)
Sentiment: Bearish
Options Activity: Put sweeps with high premiums indicate a hedge or bearish position on PFE.
Total Values: $260,019 for a long-term put expiring January 16, 2026, with a 25 strike.
Strike Price: 25
Expectations: The current price positions PFE below this strike, suggesting a more extended bearish outlook, possibly a hedge against future declines to reinforce the protective stance.

TeraWulf Inc. (WULF)

Sentiment: Neutral-Bullish

Options Activity: Today’s notable trades on TeraWulf Inc. (WULF) include a series of significant put sales at the 45 strike, expiring December 20, 2024, and large call buys targeting January and March 2025. Despite the current spot price of 6.21 being well below the 45 strike on the put sales, these trades imply traders are capitalizing on elevated premiums or expecting the stock may hold above lower levels rather than reaching the strike. The heavy volume, exceeding prior open interest, signals fresh positioning and a cautious but stabilizing outlook.

Total Values: Approximately $2.3 million, with the bulk in put sales for December 2024 and notable call buys extending into early 2025.

Strike Price: The concentration is at the 45 strike for puts and at 73 and 136 strikes for calls, highlighting an implied floor above current levels and possible upside targets if conditions improve.

Expectations and Market View: While the put sales reflect confidence that WULF won’t fall dramatically lower by December, the substantial distance from the spot price indicates sellers might be taking advantage of high premiums or signaling limited downside. Meanwhile, the call buys with 2025 expirations reflect a speculative bullish stance, with traders positioning for a potential rebound over the long term.

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

Graybug Vision Inc (GRAY)
Buyer: Sanderling Venture Partners VI Co Investment Fund LP (Large shareholder)
Shares Purchased: 86,867 (+11.9%)
Price: USD 3.75
Total Value: USD 325,751

Graybug Vision Inc (GRAY)
Buyer: Fred A Middleton (Non-Executive Director, Large shareholder)
Shares Purchased: 86,867 (+11.9%)
Price: USD 3.75
Total Value: USD 325,751

Newbury Street II Acquisition Corp (NWTOU)
Buyer: Newbury Street II Acquisition Sponsor LLC (Large shareholder)
Shares Purchased: 484,500 (+inf%)
Price: USD 10.00
Total Value: USD 4,845,000

US Insider Sales

Church & Dwight Co Inc (CHD)
Seller: Matthew Farrell (President and CEO)
Shares Sold: 159,023 (-58.5%)
Price: USD 103.03
Total Value: USD 16,384,664

Church & Dwight Co Inc (CHD)
Seller: Arthur B Winkleblack (Non-Executive Director)
Shares Sold: 5,795 (-44.8%)
Price: USD 103.94
Total Value: USD 602,338

ESSA Pharma Inc (EPIX)
Seller: Biotech Growth N V (Large shareholder)
Shares Sold: 1,879,583 (-100.0%)
Price: USD 1.51
Total Value: USD 2,843,809

Accenture PLC (ACN)
Seller: Ryoji Sekido (Co-CEO Asia Pacific)
Shares Sold: 950 (-62.7%)
Price: USD 344.08
Total Value: USD 326,876

Akero Therapeutics Inc (AKRO)
Seller: Andrew Cheng (President and CEO)
Shares Sold: 81,280 (-11.8%)
Price: USD 31.47
Total Value: USD 2,558,044

CDN Insider Purchases

Silver Elephant Mining Corp (ELEF)
Buyer: John Lee (Executive Director)
Shares Purchased: 500,000 (+134.4%)
Price: CAD 0.49
Total Value: CAD 245,000

Magna Mining Inc (NICU)
Buyer: Dundee Corporation (Large shareholder)
Shares Purchased: 4,161,800 (+10.8%)
Price: CAD 1.05
Total Value: CAD 4,369,890

Decibel Cannabis Company Inc (DB)
Buyer: Benjamin Sze (Officer)
Shares Purchased: 2,500,000 (+166.7%)
Price: CAD 0.06
Total Value: CAD 150,000

Decibel Cannabis Company Inc (DB)
Buyer: Shawn Lawrence Dym (Non-Executive Director)
Shares Purchased: 4,200,000 (+108.8%)
Price: CAD 0.06
Total Value: CAD 252,000

Decibel Cannabis Company Inc (DB)
Buyer: Stuart Boucher (Officer)
Shares Purchased: 2,419,749 (+165.6%)
Price: CAD 0.06
Total Value: CAD 145,185

CHAR Technologies Ltd (YES)
Buyer: James Sbrolla (Non-Executive Director)
Shares Purchased: 500,000 (+10.8%)
Price: CAD 0.20
Total Value: CAD 100,000

CDN Insider Sales

OneSoft Solutions Inc (OSS)
Seller: David Shong-Tak Tam (Officer)
Shares Sold: 2,048,834
Price: CAD 0.88
Total Value: CAD 1,802,974

OneSoft Solutions Inc (OSS)
Seller: David Shong-Tak Tam (Officer)
Shares Sold: 400,225
Price: CAD 0.88
Total Value: CAD 352,198

Reitmans (Canada) Limited
Seller: Richard Wait (Officer)
Shares Sold: 24,600 (-52.8%)
Price: CAD 2.66
Total Value: CAD 65,436

City View Green Holdings Inc (CVGR)
Seller: Quinsam Capital Corporation (Large shareholder)
Shares Sold: 2,600,000 (-7.4%)
Price: CAD 0.01
Total Value: CAD 26,000

Institutional Spotlight: BuzzFeed (BZFD)

BuzzFeed, Inc. (BZFD) has drawn notable attention from institutional investors, with 60 institutional holders. Of these, 56 hold long positions only, while four manage both long and short positions, reflecting a shift in the institutional landscape with a substantial 185.71% increase in recent quarter-over-quarter changes. The institutional focus on BuzzFeed is underscored by a dramatic rise in average portfolio allocation, up 601.14% over the most recent quarter, demonstrating strong investor confidence and a growing appetite for exposure to the company’s shares.

The total institutional shares held stand at 6,341,515—representing 17.4% of BuzzFeed’s total outstanding shares. This significant stake, notably higher by 3.74 million shares (a 144.07% quarterly increase), emphasizes heightened institutional interest and possible expectations of continued growth. Key investors include influential names such as NEA Management Company, LLC, Vanguard Group Inc., Seven Post Investment Office LP, and Renaissance Technologies LLC, with major mutual fund and index participation from Vanguard Total Stock Market Index Fund Investor Shares and Geode Capital Management, LLC.

Over the past year, BuzzFeed’s stock price has risen markedly, climbing from $1.33 per share in November 2023 to $2.54 per share as of November 4, 2024—an impressive 90.98% increase. This price movement may reflect growing optimism among institutional stakeholders about BuzzFeed’s strategic outlook and market position.

These institutional moves, particularly the involvement of prominent investors, underscore a strong bullish sentiment around BuzzFeed’s future performance. This recent influx of capital and rising stock price could signal to the broader market that institutional investors see significant potential upside, making BuzzFeed a stock to watch in the upcoming quarters.

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 – 2024-11-01

AGX, AMZN, ANET, APH, AVT, AXNX, AY, BDC, BKNG, BLCO, BLK, BNTC, BV, BX, CACI, CART, CBSH, CBU, CCK, CEE, CLM, CLS, CNK, CNTX, COMP, CRDO, CRH, DAL, DOCS, DOCU, DORM, DUOL, ELDN, EME, ENVA, EOLS, ETN, EWTX, EZPW, FIX, FNGS, FTAI, FWONK, GILD, GLW, GM, GMED, GTES, HCP, HLMN, HLT, HPE, IBKR, IESC, INOD, IP, IPI, ISRG, ITRI, JHG, JPI, JPM, KMPR, KVYO, LAZ, LITE, MA, MD, MNDY, MNKD, MRVL, MTSI, MTZ, MWA, NBXG, NCNO, NDAQ, NFLX, NN, NNI, NOW, NVDA, OSW, PFS, PLXS, POWL, PPC, PRIM, PSN, PTGX, QTWO, RDW, REPL, ROAD, RSI, RVMD, RZLT, SANM, SATX, SE, SFM, SFNC, SLNO, SMTC, SNDR, SWI, TARS, TGTX, THRD, TOST, TPC, TSM, UAL, UTHR, VCTR, VERX, VUG, WMT, XLF, YOU, YPF, ZBRA, ZIM, ZWS

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-01

AAUC.TO, AC.TO, AGF/B.TO, ARE.TO, ARG.TO, ATRL.TO, ATZ.TO, BAM.TO, BBD/B.TO, BDT.TO, BNS.TO, CAS.TO, CEU.TO, CFP.TO, CIX.TO, CLS.TO, CM.TO, DCBO.TO, DNG.TO, DNTL.TO, DOL.TO, DSG.TO, ECN.TO, EFX.TO, ENB.TO, FFH.TO, FM.TO, FSZ.TO, FURY.TO, HBM.TO, HITI.V, IAG.TO, IFC.TO, IFP.TO, IGM.TO, KEY.TO, L.TO, LAC.TO, MDA.TO, MG.TO, MTL.TO, NEO.TO, NOA.TO, NVEI.TO, NWC.TO, ONEX.TO, OR.TO, POW.TO, PZA.TO, SES.TO, SLF.TO, SSL.TO, STLC.TO, STN.TO, SXP.TO, TOT.TO, TRI.TO, TVE.TO, TVK.TO, TXG.TO, VHI.TO, WN.TO, WSP.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!