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
Nvidia (NVDA)
Sentiment – Bullish
Options Activity – Multiple large call buys for November 15, 2024, and March 21, 2025, expirations. These include sweep orders and trades across multiple exchanges, indicating aggressive positioning.
Total Values – Approximately $12.7 million in call premiums
Strike Price – Range from $130 to $165
Expectations – Potential bullish momentum, with price expected to rise above key strike levels.
Advanced Micro Devices (AMD)
Sentiment – Bearish
Options Activity – Significant put activity for the October 18, 2024, expiration, with multiple sweep trades targeting the $167.50 strike.
Total Values – Over $6 million in put premiums
Strike Price – $167.50
Expectations – Anticipation of downside movement as traders position below current spot prices.
Palantir (PLTR)
Sentiment – Bearish
Options Activity – Purchase of a long-term put expiring in April 2025, with a strike price of $45. Trade size exceeds prior open interest, indicating fresh positions.
Total Values – $3 million
Strike Price – $45
Expectations – The put buyer may be hedging or positioning for volatility in the midterm.
SPDR Portfolio S&P 500 ETF (SPLG)
Sentiment – Bearish
Options Activity – Purchase of January 2025 puts, exceeding prior open interest, indicating new bearish positioning.
Total Values – $82,440
Strike Price – $64
Expectations – Hedging or potential downside movement.
Tesla (TSLA)
Sentiment – Bullish
Options Activity – Strong call buying for the January 2025 expiration, with trades aggressively targeting the $200 strike.
Total Values – $1.4 million in premiums
Strike Price – $200
Expectations – Traders expect a significant price increase over the next year, positioning ahead of potential growth catalysts.
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
Marvell Technology Inc (MRVL)
Buyer: Matthew J Murphy (Chairman of the Board and CEO)
Shares Purchased: 13,000 (+6.2%)
Price: USD 77.63
Total Value: USD 1,009,190
Neogen Corp (NEOG)
Buyer: John Edward Adent (CEO)
Shares Purchased: 14,500 (+7.2%)
Price: USD 13.80
Total Value: USD 200,100
BlackRock Innovation & Growth Trust (BIGZ)
Buyer: Saba Capital Management, L.P. (Large shareholder)
Shares Purchased: 45,033 (+0.1%)
Price: USD 7.65
Total Value: USD 344,502
US Insider Sales
Altair Engineering Inc (ALTR)
Seller: GC Investments LLC (Large shareholder)
Shares Sold: 94,109 (-23.5%)
Price: USD 95.20
Total Value: USD 8,958,800
DoorDash Inc (DASH)
Seller: Andy Fang (Non-Executive Director)
Shares Sold: 42,000 (-91.1%)
Price: USD 149.15
Total Value: USD 6,264,174
Choice Hotels International Inc (CHH)
Seller: Dominic Dragisich (EVP, Op & Chief Global Brands Officer)
Shares Sold: 9,138 (-11.8%)
Price: USD 134.88
Total Value: USD 1,232,533
Astera Labs Inc (ALAB)
Seller: Sanjay Gajendra (Executive Director)
Shares Sold: 70,000 (-1.0%)
Price: USD 69.48
Total Value: USD 4,863,691
CDN Insider Purchases
Asante Gold Corp (ASE)
Buyer: Malik Mohammed Easah (Director of Issuer)
Shares Purchased: 244,400 (+4.9%)
Price: CAD 1.40
Total Value: CAD 343,358
BevCanna Enterprises Inc (BEV)
Buyer: Marcello Leone (Director and Senior Officer of Issuer)
Shares Purchased: 108,584 (+12.4%)
Price: CAD 0.60
Total Value: CAD 65,150
CDN Insider Sales
Coelacanth Energy Inc (CEI)
Seller: GMT Capital Corp (10% Security Holder of Issuer)
Shares Sold: 2,300 (-0.0%)
Price: CAD 0.78
Total Value: CAD 1,800
Institutional Spotlight: Point72 Takes Significant Stake in aTyr Pharma (LIFE)
In the latest institutional filing, a significant development for aTyr Pharma Inc. (LIFE) has emerged with Point72 Asset Management, led by renowned investor Steve Cohen, disclosing a 6.2% ownership stake in the company. According to the SC 13G filing, Point72 has acquired 5,039,846 shares, marking a 100% new position in the stock as of October 14, 2024. This substantial investment highlights renewed institutional interest in aTyr Pharma, with Point72’s involvement often signaling confidence in the company’s future growth prospects.
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
AAPL, ACGL, ACLX, AEYE, AGX, AMP, ANET, AOSL, APO, APP, ARES, ARIS, ATMU, AVGO, BABA, BCYC, BDC, BK, BKNG, BKU, BLCO, BLK, BLND, BOKF, BSX, BTO, BV, BWIN, BX, BXP, CACI, CARG, CARR, CART, CAVA, CBU, CCL, CDE, CDNA, CDRE, CEG, CFG, CHKP, CHRW, CIM, CLM, CMA, CMI, CNK, CNTA, COHR, COMP, COOP, CORZ, CPNG, CRDO, CRS, CRVL, CSWI, CVNA, CW, CWAN, DASH, DOCU, DORM, DTM, DY, EBC, ELDN, ELVN, ENVA, EOLS, EQH, ERAS, ETR, EWTX, EXPO, FCF, FCNCA, FFIN, FFIV, FINV, FIP, FIS, FIX, FRHC, FRPT, FTNT, FUTU, GCI, GDOT, GE, GLW, GMED, GRND, GWRE, HAS, HCP, HD, HIW, HL, HPE, HPF, HPQ, HTLF, IBKR, IESC, INOD, INSG, INSM, IP, ITT, JCI, JD, JHG, JPM, KGS, KKR, KNSA, KTOS, LAZ, LDOS, LLY, LMB, LMT, LOCO, LYV, MAMA, MELI, META, MITT, MMM, MNDY, MNKD, MOD, MREO, MRUS, MSI, MTSI, MTZ, MWA, NMIH, NOW, NRG, NRIM, NRIX, NTRA, NVDA, NWBI, OCUL, ORCL, OUT, OWL, PCT, PFD, PFS, PGR, PI, PIPR, PLTR, PLXS, POWL, PRIM, PSN, PTGX, PYPL, QNST, QTWO, RDW, RDWR, REVG, RNA, ROAD, RSI, RTX, RVMD, RZLT, SAP, SE, SFM, SFNC, SGHC, SLVM, SMR, SMTC, SPG, SPGI, SPOT, SPXC, SSNC, STEP, STRL, SWI, TDG, TGLS, TPC, TRU, TSM, TT, TTD, TTEK, TYL, UBER, UNH, USM, UTHR, VCTR, VERX, VRNS, VST, WAB, WGS, WIX, WLFC, WMT, WOOF, WVE, WYY, YOU, YPF, ZBRA, ZETA, ZWS
Canadian Institutional Momentum Watchlist
EXPORT – CDN – Institutional Momentum Watchlist
AAUC.TO, ACB.TO, ACO/X.TO, AD/UN.TO, ADEN.TO, AEP.V, AFN.TO, AGF/B.TO, AGI.TO, AIF.TO, ALA.TO, ALYA.TO, ARE.TO, ARTG.V, ATH.TO, ATRL.TO, BAM.TO, BB.TO, BDGI.TO, BEPC.TO, BMO.TO, BN.TO, BNS.TO, BTO.TO, CAE.TO, CAS.TO, CCA.TO, CCO.TO, CEF.TO, CEU.TO, CFP.TO, CG.TO, CGY.TO, CIGI.TO, CIX.TO, CJ.TO, CLS.TO, CM.TO, CMG.TO, CNQ.TO, CP.TO, CPX.TO, CRON.TO, CTC/A.TO, CTS.TO, CU.TO, CURA.TO, CWB.TO, CXB.TO, DBM.TO, DFY.TO, DML.TO, DNTL.TO, DOL.TO, DR.TO, DSG.TO, ECN.TO, EDV.TO, EFN.TO, EFX.TO, ELD.TO, EMP/A.TO, ENB.TO, EQB.TO, EQX.TO, ERO.TO, ET.TO, FC.TO, FFH.TO, FIL.TO, FM.TO, FN.TO, FNV.TO, FRU.TO, FSV.TO, FSZ.TO, FTT.TO, FURY.TO, GEI.TO, GFL.TO, GLXY.TO, GOLD.TO, GWO.TO, HBM.TO, HITI.V, IAG.TO, IAU.TO, IFC.TO, IFP.TO, IGM.TO, ITH.TO, L.TO, LAAC.TO, LAC.TO, LB.TO, LGO.TO, LIF.TO, LUC.TO, LUN.TO, MDA.TO, MFC.TO, MRE.TO, MTL.TO, NA.TO, NEO.TO, NFI.TO, NGD.TO, NOA.TO, NVA.TO, NVEI.TO, NWC.TO, NXE.TO, NXR/UN.TO, OGC.TO, OGI.TO, OLA.TO, OR.TO, PBH.TO, PET.TO, PHX.TO, PIF.TO, PKI.TO, PNE.TO, POW.TO, PPL.TO, PRL.TO, PRMW.TO, PZA.TO, QBR/B.TO, QTRH.TO, RUS.TO, RY.TO, SES.TO, SIA.TO, SLF.TO, SSL.TO, SSRM.TO, STN.TO, SVM.TO, T.TO, TA.TO, TF.TO, TFPM.TO, TIH.TO, TOT.TO, TOU.TO, TOY.TO, TPZ.TO, TRI.TO, TRP.TO, TVE.TO, TVK.TO, TXG.TO, URC.TO, VET.TO, WFG.TO, WJX.TO, WN.TO, WPK.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!