SYS Research – Unusual Activity – Tuesday, October 22, 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

 

Google (GOOG)
Sentiment: Mixed
Options Activity: Large call option trades, both buys and sells for November 2024 expiration. Notable multi-sweep trades, indicating potential for fast execution across various exchanges.
Total Values: $1,422,840 on call buy, $989,385 on call sell
Strike Price or Range of Strike Prices: $160
Expectations: Market sentiment appears divided with significant interest in both sides of the call market.
Market View: Possible hedging strategy or mixed outlook with continued volatility ahead.


Rivian (RIVN)
Sentiment: Bullish
Options Activity: Large put sell for November 2024 expiration, selling 10.5 puts suggests bullish sentiment with sellers betting that the stock will stay above the strike.
Total Values: $199,900
Strike Price or Range of Strike Prices: $10.5
Expectations: Strong support expected around the $10.5 mark, with limited downside anticipated.


Silver ETF (SLV)
Sentiment: Bearish
Options Activity: Significant call sells for both December 2025 and January 2026 expirations, suggesting limited upside potential in the near term.
Total Values: $1,003,880 (April 2025)
Strike Price or Range of Strike Prices: $33
Expectations: Traders are locking in premiums and betting against significant price moves upward.


Tesla (TSLA)
Sentiment: Bullish
Options Activity: High-volume call buy with a December 2026 expiration, indicating a bullish long-term outlook with investors placing significant bets on the stock.
Total Values: $2,494,520
Strike Price or Range of Strike Prices: $300
Expectations: The large call buying suggests traders expect a strong recovery and upward momentum.


iQIYI (IQ)
Sentiment: Bullish
Options Activity: Selling of 2 strike put options expiring on January 16, 2026.
Total Values: $200,000
Strike Price: 2
Expectations: The trade suggests confidence that iQIYI will remain above $2 by expiration, highlighting strong downside support.


Nvidia (NVDA)
Sentiment:
Mixed
Options Activity:
Multiple large call and put trades across 2025 and 2026 expiries, with traders selling calls at strikes of 140–150, while also buying puts around the same levels.
Total Values:
$2,499,450 (puts), $2,042,500 (calls)
Strike Price or Range of Strike Prices:
140–150
Expectations:
Traders appear to be managing risk around the $140 level, with expectations of possible consolidation or volatility.
Market View:
Uncertainty as traders position for both potential upside and downside volatility.


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

Jefferies Credit Partners BDC Inc.
Buyer: Abu Dhabi Investment Authority (Large shareholder)
Shares Purchased: 666,498 (+5.4%)
Price: USD 15.00
Total Value: USD 10,000,007

Dynaresource Inc (DYNR)
Buyer: Gareth Nichol (Large shareholder)
Shares Purchased: 2,778,846 (+105.0%)
Price: USD 1.04
Total Value: USD 2,890,000

Janux Therapeutics Inc (JANX)
Buyer: RA Capital Management, L.P. (Non-Executive Director, Large shareholder)
Shares Purchased: 1,200,000 (+14.8%)
Price: USD 44.75
Total Value: USD 53,700,000

RDE, Inc. (GIFT)
Buyer: Ketan Thakker (CEO)
Shares Purchased: 10,000 (+0.4%)
Price: USD 1.49
Total Value: USD 14,900

US Insider Sales

Kellogg Co (K)
Seller: W K Kellogg Foundation Trust (Large shareholder)
Shares Sold: 114,583 (-0.2%)
Price: USD 80.96
Total Value: USD 9,276,617

Steel Dynamics Inc (STLD)
Seller: Glenn Pushis (Senior Vice President)
Shares Sold: 6,967 (-4.4%)
Price: USD 133.12
Total Value: USD 927,447

Travelers Companies Inc (TRV)
Seller: Alan D. Schnitzer (Chairman and CEO)
Shares Sold: 24,188 (-9.2%)
Price: USD 259.25
Total Value: USD 6,270,671

Accenture PLC (ACN)
Seller: Julie Spellman Sweet (Chair and CEO)
Shares Sold: 6,156 (-22.7%)
Price: USD 376.39
Total Value: USD 2,317,058


CDN Insider Purchases

VerticalScope Holdings Inc (FORA)
Buyer: Rob Laidlaw (10% Security Holder, Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 10,000 (+7.3%)
Price: CAD 7.73
Total Value: CAD 77,258

Cerro De Pasco Resources Inc (CDPR)
Buyer: Eric Sprott (10% Security Holder of Issuer)
Shares Purchased: 157,000 (+0.2%)
Price: CAD 0.23
Total Value: CAD 35,639

AIP Realty Trust
Buyer: Gregory Vorwaller (10% Security Holder of Issuer, Director, Senior Officer of Insider)
Shares Purchased: 300,000 (+110.6%)
Price: USD 0.35
Total Value: USD 105,000

Heritage Mining Ltd (HML)
Buyer: Peter Schloo (Director, Senior Officer of Issuer)
Shares Purchased: 2,000,000 (+35.0%)
Price: CAD 0.05
Total Value: CAD 100,000

CDN Insider Sales

First Majestic Silver Corp (FR)
Seller: Jill Anne Arias (Senior Officer of Issuer)
Shares Sold: 8,317 (-6.6%)
Price: CAD 10.40
Total Value: CAD 86,497

Sandstorm Gold Ltd (SSL)
Seller: Orion Mine Finance Management II Limited (10% Security Holder of Issuer)
Shares Sold: 8,266,177 (-22.1%)
Price: CAD 7.95
Total Value: CAD 65,716,107

Sandstorm Gold Ltd (SSL)
Seller: Orion Mine Finance Management III LLC (10% Security Holder of Issuer)
Shares Sold: 1,733,823 (-22.1%)
Price: CAD 7.95
Total Value: CAD 13,783,893

Cerro De Pasco Resources Inc (CDPR)
Seller: 2176423 Ontario Ltd. (10% Security Holder of Issuer)
Shares Sold: 157,000 (-0.2%)
Price: CAD 0.23
Total Value: CAD 35,639


Institutional Spotlight: Core Scientific (CORZ)

Core Scientific, Inc. (CORZ), listed on Nasdaq, has attracted significant institutional interest, with 267 institutional shareholders collectively holding 141,179,432 shares. Notable institutional investors include BlackRock Inc., Vanguard Group Inc., ORG Wealth Partners LLC, Diameter Capital Partners LP, and Beryl Capital Management LLC. The company’s Fund Sentiment Score stands at an impressive 98.97/100, ranking it among the top 24 out of 33,725 companies, highlighting strong institutional accumulation. This indicates heightened buying activity, particularly from actively managed funds.

CORZ has experienced a remarkable increase in share value, rising from $3.44 on January 24, 2024, to $13.72 as of October 22, 2024—a 298.76% increase. This growth has made the stock an attractive target for institutional investors. Furthermore, the recent Put/Call Ratio, which compares the number of put options to call options, continues to reflect bullish sentiment among institutions.

Recent filings also show 19 new institutional buys, led by David Zorub of Parsifal Capital Management LP, who acquired 5.2 million shares (3.65% portfolio weight). Similarly, Chris Hansen at Valiant Capital Management LP added 4.5 million shares (4.94% portfolio weight), and David Rogers of Castle Hook Partners LP secured 4.2 million shares (1.37% portfolio weight).

Notable additional investors include Louis Moore Bacon of Moore Capital Management LP, purchasing 3.3 million shares, and Robert Soros of Soros Capital Management LLC, acquiring 1.5 million shares. Steve Cohen at Point72 Asset Management LP added 453,925 shares. The significant new positions, coupled with CORZ’s impressive stock performance, signal strong confidence in the company’s growth potential.

Further analysis of ownership reveals that Beryl Capital Management LLC filed a 13G reporting ownership of 15,492,487 shares, representing 6% of Core Scientific’s outstanding shares. Major shareholders, such as Feinstein Darin and Minnis Matt, hold 18.7 million and 16.7 million shares, respectively, reinforcing institutional support for the company.

In addition to institutional share purchases, recent options activity on CORZ further underscores the bullish sentiment. Multiple large premiums were traded, significant multi-sweep orders were placed, and several out-of-the-money call purchases were made, all signaling positive expectations for the stock’s future.

Standout Options Trades Today (CORZ)

  • Large Premiums: One of the largest premiums involved a call purchase for $502,363 (2025-06-20 $16 strike), reflecting a major bullish bet on CORZ with a long-term view. Additionally, a call purchase for $175,430 (2026-01-16 $20 strike) highlights continued optimism for the stock over a longer horizon.
  • Multi-Sweep Orders: Sophisticated traders placed several multi-sweep orders, indicating confidence in upside movement. A significant example is the multi-sweep buy of calls expiring on November 29, 2024, at a $13 strike with a premium of $87,496. Similarly, the January 17, 2025 $16 puts (multi-sweep) sold for $767,416, suggesting bullish put-selling activity, where traders expect CORZ to remain above those levels.
  • Bullish Put Selling: Several large put sales further confirm a bullish stance. Notably, the sale of 2024-12-20 $12 puts with a premium of $325,012 (multi-sweep) implies confidence that CORZ will not drop below this level.
  • Out-of-the-Money Call Purchases: Repeated buying of out-of-the-money calls, such as the 2024-12-20 $20 calls (bought for $10,000 and $6,200), reflects strong bullish expectations. The purchase of November 15, 2024 $15.5 calls (premium of $109,997) reinforces the outlook for a near-term move higher.

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

US – Institutional Momentum Watchlist

AAPL, ACLX, AEYE, AHCO, AMBP, AMP, AMRK, AMSC, AOSL, APP, ARES, ATAT, ATMU, AXON, AZO, BCYC, BGNE, BLK, BNL, BNTC, BSX, BTO, BV, BX, BXP, CACI, CARG, CARR, CART, CAVA, CBSH, CCK, CDE, CFG, CLM, CMA, CMI, CMRE, CNTA, COMP, CW, CWAN, DASH, DCTH, DECK, DKS, DLR, DOCS, DTM, DUK, DY, EHC, ELDN, ELVN, EQH, EQR, ERAS, ETR, EVRG, EWTX, FCNCA, FEX, FFIV, FINV, FIS, FNGS, FRPT, FTNT, FWONK, GKOS, GLW, GRND, GTES, HAS, HCI, HIW, HL, HLT, HROW, INOD, INSM, IOT, ISRG, JCI, JHG, JPM, KDP, KKR, KVYO, LDOS, LEN, LMB, LMT, LNT, LNTH, MA, MAX, MBC, MCO, MELI, MIR, MITT, MNDY, MREO, MRUS, MTSI, MTUM, NDAQ, NEE, NFLX, NOW, NRIX, NU, NVDA, OCUL, OGE, OUT, OWL, PCT, PLTR, PPL, PRIM, PYPL, QTWO, RCM, RDVT, RDW, RDWR, REPL, RNA, ROST, RTX, RVMD, RZLT, SAP, SEZL, SGHC, SKY, SLV, SMR, SPG, SPGI, SPOT, SRE, SSNC, SSO, SWI, TEL, TGLS, THRD, TJX, TOST, TRMB, TRU, TT, TTD, TW, TWST, TYL, UAL, UGL, UHS, USD, USFD, USM, VCTR, VERX, VGK, VRNS, VST, VTV, VUG, VWO, WAB, WEC, WGS, WLFC, WMT, WOOF, WULF, WVE, XHB, XLF, XLK, ZBRA, ZIM, ZWS

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional Momentum Watchlist

AAUC.TO, ABX.TO, AC.TO, ACB.TO, AG.TO, AGI.TO, ALA.TO, AP/UN.TO, ARG.TO, ARIS.TO, ARTG.V, ASM.TO, ATRL.TO, BAM.TO, BCE.TO, BEPC.TO, BLDP.TO, BLX.TO, BMO.TO, BN.TO, BNS.TO, BTO.TO, CAE.TO, CAS.TO, CCO.TO, CG.TO, CIGI.TO, CM.TO, CS.TO, CTC/A.TO, CTS.TO, CURA.TO, DCBO.TO, DFY.TO, DML.TO, DNTL.TO, DOL.TO, DPM.TO, ECN.TO, EDR.TO, EDV.TO, EFX.TO, ELD.TO, EMA.TO, ENB.TO, ENGH.TO, FCR/UN.TO, FIL.TO, FM.TO, FNV.TO, FTS.TO, FURY.TO, GAU.TO, GEI.TO, GLXY.TO, GOLD.TO, GWO.TO, H.TO, HBM.TO, HITI.V, IAU.TO, IFC.TO, IGM.TO, III.TO, IMG.TO, ITR.V, K.TO, LGO.TO, LSPD.TO, LUG.TO, LUN.TO, MAG.TO, MG.TO, MND.TO, MOGO.TO, MRE.TO, NEO.TO, NGD.TO, NXE.TO, ODV.V, OGC.TO, OGI.TO, OLA.TO, ONC.TO, OR.TO, PAAS.TO, PBH.TO, PIF.TO, POW.TO, PRL.TO, PRMW.TO, PTM.TO, RCI/B.TO, SEA.TO, SIA.TO, SII.TO, SIL.TO, SMT.TO, SSL.TO, SSRM.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, T.TO, TF.TO, TFPM.TO, TH.TO, TIH.TO, TOT.TO, TOY.TO, TPZ.TO, TRI.TO, TRP.TO, TWM.TO, TXG.TO, URC.TO, URE.TO, VNP.TO, WDO.TO, WEF.TO, WN.TO, WPM.TO, WRN.TO, WSP.TO, WTE.TO, X.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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