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
iShares Russell 2000 ETF (IWM)
Sentiment: Bullish
Options Activity: Large put selling, indicating bullish sentiment, including two notable trades of 81,416 and 28,816 contracts for puts expiring on November 15, 2024.
Total Values: $2,119,830 and $994,300 respectively
Strike Price: 206 and 208
Expectations: The significant put selling suggests confidence in a move higher, with the sellers betting the ETF will remain above these strike prices.
Ford Motor Company (F)
Sentiment: Bullish
Options Activity: Put selling for contracts expiring in June 2025, including 53,585 contracts.
Total Values: $216,808
Strike Price: 11.17
Expectations: This trade indicates that sellers expect the stock to hold above the strike price of 11.17, showing bullish sentiment for Ford.
MGM Resorts (MGM)
Sentiment: Bearish
Options Activity: Buying of 643 put contracts expiring on October 11, 2024.
Total Values: $141,304
Strike Price: 41
Expectations: The purchase of these puts suggests the buyer anticipates a near-term decline in MGM’s stock price.
Nvidia (NVDA)
Sentiment: Bullish
Options Activity: Multiple large call purchases, including 49,820 contracts expiring on October 18, 2024.
Total Values: $4,126,080
Strike Price: 120
Expectations: The bullish call buying reflects expectations of Nvidia’s price recovery in the near term.
JD.com (JD)
Sentiment: Bearish
Options Activity: Large call sells of 3,227 contracts for calls expiring in December 2026.
Total Values: $4,072,350
Strike Price: 20
Expectations: The heavy selling of calls for long-dated expirations suggests long-term bearish sentiment or expectations of limited upside for JD.com.
ProShares UltraPro QQQ (TQQQ)
Sentiment: Bearish
Options Activity: Multiple call sells for contracts expiring on December 20, 2024, totaling over 534 contracts.
Total Values: $2,706,720
Strike Price: 78
Expectations: The selling of these calls suggests that traders expect limited upside for TQQQ in the coming months.
Carvana (CVNA)
Sentiment: Bullish
Options Activity: Multiple call purchases, including 9,953 contracts for calls expiring in January 2025.
Total Values: $1,350,000
Strike Price: 190
Expectations: The bullish sentiment.
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
Hillstream BioPharma Inc. (HILS)
Buyer: Appajosyula Sireesh (Chief Operating Officer)
Shares Purchased: 5,000 (+44.0%)
Price: USD 1.93
Total Value: USD 9,650
Legacy Education Inc. (LGCY)
Buyer: Robert DeRose (Large shareholder)
Shares Purchased: 5,000 (+0.5%)
Price: USD 5.08
Total Value: USD 25,400
Texas Pacific Land Corp (TPL)
Buyer: Murray Stahl (Non-Executive Director, Large Shareholder)
Shares Purchased: 3 (+0.0%)
Price: USD 980.72
Total Value: USD 2,942
Shattuck Labs Inc (STTK)
Buyer: Taylor Schreiber (Chief Executive Officer)
Shares Purchased: 36,500 (+105.8%)
Price: USD 1.21
Total Value: USD 44,220
US Insider Sales
Moderna Inc. (MRNA)
Seller: James M. Mock (Chief Financial Officer)
Shares Sold: 715 (-7.0%)
Price: USD 60.12
Total Value: USD 42,986
Hims & Hers Health Inc. (HIMS)
Seller: Melissa Baird (Chief Operating Officer)
Shares Sold: 41,125 (-6.0%)
Price: USD 19.58
Total Value: USD 805,030
Sprout Social Inc. (SPT)
Seller: Ryan Paul Barretto (CEO)
Shares Sold: 16,400 (-8.8%)
Price: USD 28.23
Total Value: USD 462,956
Bank of America Corp (BAC)
Seller: Berkshire Hathaway Inc (Large Shareholder)
Shares Sold: 5,192,207 (-0.7%)
Price: USD 40.04
Total Value: USD 207,894,930
Scholar Rock Holding Corp (SRRK)
Seller: Srinivas Akkaraju (Non-Executive Director)
Shares Sold: 510,000 (-7.5%)
Price: USD 27.50
Total Value: USD 14,025,000
CDN Insider Purchases
Quebec Rare Earth Elements Corp (QREE)
Buyer: John Warren Jentz (10% Security Holder, Director of Issuer)
Shares Purchased: 45,000 (+0.5%)
Price: CAD 0.08
Total Value: CAD 3,600
Planet Ventures Inc (PXI)
Buyer: Etienne Moshevich (Senior Officer of Issuer)
Shares Purchased: 90,000 (+8.9%)
Price: CAD 0.03
Total Value: CAD 2,700
Core Nickel Corp (CNCO)
Buyer: Marc Magellan Pais (10% Security Holder)
Shares Purchased: 14,500 (+0.3%)
Price: CAD 0.20
Total Value: CAD 2,900
Nexus Industrial REIT (NXR.UN)
Buyer: Edwin E. McLaughlin (Director or Senior Officer of 10% Security Holder)
Shares Purchased: 57,120 (+19.0%)
Price: CAD 8.76
Total Value: CAD 500,297
Amaroq Minerals Ltd (AMRQ)
Buyer: Eldur Olafsson (Executive Director, 10% Security Holder)
Shares Purchased: 300,000 (+71.1%)
Price: CAD 1.23
Total Value: CAD 369,000
First Lithium Minerals Corp (FLM)
Buyer: Robert Saltsman (Executive Director, Large Shareholder)
Shares Purchased: 100,667 (+3.5%)
Price: CAD 0.15
Total Value: CAD 15,100
CDN Insider Sales
Tourmaline Oil Corp (TOU)
Seller: William Scott Kirker (Senior Officer of Issuer)
Shares Sold: 66,000 (-11.0%)
Price: CAD 66.37
Total Value: CAD 4,380,275
Great-West Lifeco Inc (GWO)
Seller: Richard Henry Linton (Executive Director)
Shares Sold: 35,800
Price: CAD 46.27
Total Value: CAD 1,656,344
Dolly Varden Silver Corp (DV)
Seller: Fury Gold Mines Limited (10% Security Holder)
Shares Sold: 3,000,000 (-5.5%)
Price: CAD 1.12
Total Value: CAD 3,356,400
Cameco Corp (CCO)
Seller: Ronald Liam Mooney (Senior Officer of Issuer)
Shares Sold: 3,400 (-16.4%)
Price: CAD 70.49
Total Value: CAD 239,666
Fiera Capital Corp (FSZ)
Seller: John Valentini (Senior Officer of Issuer)
Shares Sold: 72,000 (-72.0%)
Price: CAD 8.58
Total Value: CAD 617,954
Institutional Spotlight: Block (SQ)
Block, Inc. (SQ) exhibits strong institutional sponsorship, with 1,671 institutional owners collectively holding over 441 million shares. The largest shareholders include prominent names such as Vanguard Group Inc., BlackRock Inc., and Morgan Stanley. Institutional ownership accounts for a substantial portion of the stock’s float, with notable additions and increases in holdings from key players such as Baillie Gifford & Co., Lone Pine Capital LLC, and Contour Asset Management LLC.
In the latest quarter, several firms have taken significant new positions in the stock. Notably, Point72 Asset Management LP, led by Steve Cohen, added 1,020,298 shares, while Kodai Capital Management LP, led by Neville Shah, took a new position with 1,428,959 shares, representing 1.75% of the stock’s public float. Additionally, high-conviction investors like Contour Asset Management LLC increased their holdings by 52.43%, bringing their total position to 2.54 million shares, highlighting confidence in the company’s potential.
The stock has risen over 50% year over year, from $43.71 to $65.71, signaling strong price momentum and increasing institutional backing.
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
AA, AAON, AAPL, ACN, ACST, ADI, ADMA, ADP, ADSK, ADX, AESI, AEYE, AGS, AGX, AIG, AKR, AMBP, AMD, AMPY, AMZN, ANET, AORT, APO, APP, ARES, ARGT, ARIS, ATO, AVAV, AVGO, AXP, BABA, BAC, BARK, BBAR, BCO, BCPC, BCS, BEKE, BFLY, BGC, BIDU, BILI, BJ, BK, BKNG, BMA, BMI, BMTX, BMY, BOOT, BR, BSX, BTU, BURL, BV, BWIN, BXP, BZ, BZUN, CAAP, CADE, CAF, CAH, CAPR, CARG, CARR, CAVA, CBNK, CCJ, CCOI, CDNA, CEG, CHCI, CHI, CHRW, CIEN, CION, CLH, CLM, CLMT, CLS, COF, COHR, COKE, CORZ, CPA, CPNG, CPRI, CRBG, CRDO, CRH, CRS, CSL, CSLR, CVNA, CWH, CZR, DAL, DASH, DD, DECK, DERM, DHY, DKNG, DOCU, DRVN, DT, DTM, DXJ, DY, EAT, EBAY, EGY, ELVN, EMR, ESTA, EWTX, FANG, FIP, FLUT, FN, FNKO, FRHC, FSCO, FTK, FUTU, FXI, GAM, GCI, GDS, GE, GEHC, GILD, GKOS, GOOGL, GPI, GRID, GS, GTES, HEAR, HEI, HLT, HOOD, HPE, HPQ, HTLF, HUBS, HWKN, HWM, HY, IBKR, IHD, IP, ITRI, IVZ, JCI, JD, JHG, JOBY, JPM, JXN, KEX, KGS, KMI, KNTK, KR, KWEB, LBPH, LE, LGND, LMAT, LOAN, LOCO, LPTH, LTH, LUV, LVS, LYV, MAMA, MAR, MBIN, MLI, MNDY, MNKD, MNSO, MP, MPWR, MRUS, MRVL, MSGE, MTCH, MTSI, MTX, MTZ, MWA, NEWT, NFLX, NN, NRG, NTAP, NTES, NTRA, NVDA, NVT, OCUL, ODD, OLED, OLLI, ONTO, ORCL, OSW, PANW, PCT, PDD, PFGC, PHG, PIPR, PLNT, PLTR, PNR, POWL, PPC, PRA, PRIM, PSLV, PYPL, QFIN, QTWO, RCL, RDNT, RDW, RKLB, RNA, RSI, RTX, RVMD, RYAM, RZLT, SASR, SB, SBUX, SE, SFM, SGHC, SHIP, SILV, SITM, SKWD, SKYW, SLV, SMR, SNX, SPNS, SPXC, SQ, SSO, STEP, STEW, STRL, SWI, TDG, TEAF, TECK, TG, TIGR, TISI, TOST, TPC, TRDA, TREE, TRMB, TRN, TSCO, TSLA, TSM, TTEK, TVTX, TXRH, UAA, UAL, UBER, UBS, UI, ULH, UNFI, UNIT, USLM, USM, UTHR, VERA, VHI, VIRT, VITL, VMI, VNET, VRNS, VRT, VSTO, WFC, WGS, WHD, WMT, WRBY, WTV, WYNN, XHR, XLC, ZETA, ZTO
Canadian Institutional Momentum Watchlist
EXPORT – CDN – Institutional Momentum Watchlist
ABX.TO, AC.TO, ACO/X.TO, AD/UN.TO, AG.TO, AGF/B.TO, ALA.TO, AP/UN.TO, ARE.TO, ARG.TO, ARX.TO, ASM.TO, ATH.TO, ATRL.TO, ATZ.TO, BAM.TO, BBD/B.TO, BDT.TO, BEPC.TO, BMO.TO, BN.TO, BNS.TO, BTE.TO, BTO.TO, CAE.TO, CCO.TO, CEF.TO, CEU.TO, CF.TO, CIX.TO, CJ.TO, CLS.TO, CMG.TO, CNQ.TO, CPX.TO, CS.TO, CVE.TO, CWB.TO, CXB.TO, DCBO.TO, DFY.TO, DML.TO, DOL.TO, DPM.TO, DSG.TO, ECN.TO, EFX.TO, ELBM.V, ENB.TO, EQB.TO, ERO.TO, ET.TO, FC.TO, FFH.TO, FIL.TO, FM.TO, FN.TO, FRU.TO, FSZ.TO, GEI.TO, GFL.TO, GLO.TO, GLXY.TO, GOLD.TO, GWO.TO, HBM.TO, HITI.V, IAG.TO, IAU.TO, IGM.TO, IMO.TO, JWEL.TO, KEY.TO, KPT.TO, LAC.TO, LB.TO, LNF.TO, LSPD.TO, LUG.TO, LUN.TO, MAG.TO, MDA.TO, MEG.TO, MFC.TO, MTL.TO, MTY.TO, MX.TO, NA.TO, NVEI.TO, NXE.TO, NXR/UN.TO, OBE.TO, OGC.TO, OLA.TO, ONC.TO, ONEX.TO, PAAS.TO, PNE.TO, POW.TO, PPL.TO, PRL.TO, PRMW.TO, PTK.V, PZA.TO, QTRH.TO, RUS.TO, SES.TO, SIL.TO, SLF.TO, SMT.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, TA.TO, TAL.TO, TD.TO, TF.TO, TFII.TO, TOU.TO, TOY.TO, TRP.TO, TVE.TO, TVK.TO, TXG.TO, URC.TO, VHI.TO, VNP.TO, WEF.TO, WJX.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!