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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.

Options Flow Analysis: Trading Day 2024-12-11

The following analysis focuses on the Stock Options Flow Leaderboard for the trading day 2024-12-11. Each section highlights significant institutional activity, providing sentiment, key observations, and market expectations based on the data. All numbers represent large block trades likely executed by institutional players, not total-market figures.

Coinbase Global, Inc. (COIN)
Sentiment: Bullish
Options Activity: Calls bought totaled $7,536,056, while calls sold reached $2,927,800. Puts were relatively balanced, with $2,036,960 bought versus $5,140,237 sold.
Total Values: Net premium: $7,711,533
Strike Price: Activity focused on calls suggests institutional confidence in price appreciation.
Expectations: Institutional sentiment indicates a bullish outlook for Coinbase, anticipating a potential recovery or strength in its price.

Riot Platforms, Inc. (RIOT)
Sentiment: Mixed
Options Activity: Call premiums bought at $7,763,615 exceeded call premiums sold at $5,535,478. Put activity included $40,916 bought and $864,232 sold.
Total Values: Net premium: $3,051,453
Strike Price: The mixed flow reflects hedging and range-bound expectations.
Expectations: Institutional activity suggests caution with limited upside for Riot, possibly due to volatility in the cryptocurrency sector.

Delta Air Lines, Inc. (DAL)
Sentiment: Bullish
Options Activity: Calls bought at $2,687,129 dominated the flow, with minimal puts bought or sold.
Total Values: Net premium: $2,858,318
Strike Price: Institutional activity leans bullish, reflecting confidence in price stability or modest increases.
Expectations: Sentiment suggests optimism regarding Delta’s performance, likely supported by macroeconomic factors such as travel demand.

Adobe Inc. (ADBE)
Sentiment: Mixed
Options Activity: Modest call premiums bought at $2,056,220 versus $405,748 sold. Puts also showed moderate activity, with $532,583 bought and $1,676,415 sold.
Total Values: Net premium: $2,794,304
Strike Price: Balanced activity suggests hedging or range-bound expectations.
Expectations: Institutional sentiment remains cautious, with no clear directional bias for Adobe.

GameStop Corp. (GME)
Sentiment: Mixed
Options Activity: Calls bought at $3,179,801 exceeded calls sold at $1,521,543. Puts showed moderate activity, with $272,443 bought and $1,010,188 sold.
Total Values: Net premium: $2,396,003
Strike Price: Activity suggests limited expectations for aggressive price movements.
Expectations: Sentiment is neutral to slightly bullish, with institutional players potentially hedging or positioning for minor gains.

Advanced Micro Devices, Inc. (AMD)
Sentiment: Bullish
Options Activity: Significant call buying totaling $65,289,010 in premiums, while call selling reached $18,610,442. Put activity was subdued, with only $2,499,055 in premiums bought and $5,582,784 in puts sold.
Total Values: Net premium: $49,762,297
Strike Price: Primarily focused on call buying, indicating expectations of upward movement or price strength.
Expectations: Strong bullish sentiment suggests institutional confidence in price increases.

Super Micro Computer, Inc. (SMCI)
Sentiment: Bullish
Options Activity: Calls bought totaled $55,534,567, significantly outpacing calls sold at $13,787,851. Puts sold at $11,530,698 further reinforced bullish sentiment, despite $6,176,686 in puts bought.
Total Values: Net premium: $47,100,728
Strike Price: Focus on upside strikes, with an emphasis on price stability or growth.
Expectations: Strong bullish sentiment suggests institutional optimism.

NVIDIA Corporation (NVDA)
Sentiment: Bullish
Options Activity: Call premiums bought at $89,695,889 exceeded call premiums sold at $68,211,668. Moderate put activity included $19,208,581 in premiums bought versus $24,364,274 sold.
Total Values: Net premium: $26,639,914
Strike Price: Targeting at-the-money or slightly out-of-the-money calls, reflecting confidence in price appreciation.
Expectations: Bullish outlook supported by institutional activity suggests NVIDIA may experience upward momentum or maintain its current strength.

Alphabet Inc. (GOOG/GOOGL)
Sentiment: Bullish
Options Activity: Combined net premiums for GOOG and GOOGL showed positive flow. GOOG call premiums bought were $26,911,561, with $15,276,119 sold. GOOGL call premiums bought were $50,517,478, compared to $36,071,621 sold. Puts reflected a subdued bearish tone with sold premiums exceeding bought premiums.
Total Values: Net premium (combined): $26,315,876
Strike Price: Activity centered around at-the-money and slightly out-of-the-money calls.
Expectations: Institutional confidence in Alphabet’s growth prospects, with expectations of modest to strong price increases.

Broadcom Inc. (AVGO)
Sentiment: Bullish
Options Activity: Calls bought at $27,548,067 outpaced calls sold at $12,226,788. Minimal put activity reinforced the bullish view.
Total Values: Net premium: $12,025,140
Strike Price: Focused on upside strikes, indicating confidence in price growth.
Expectations: Bullish sentiment reflects institutional confidence in price increases or sustained strength for Broadcom.

Micron Technology, Inc. (MU)
Sentiment: Bullish
Options Activity: Call premiums bought at $11,490,265 were significantly higher than call premiums sold at $2,093,220. Puts were limited, with $1,052,602 bought versus $252,182 sold.
Total Values: Net premium: $8,596,625
Strike Price: Activity suggests expectations of limited upward price movement.
Expectations: Institutional sentiment indicates modest bullish expectations for Micron, likely reflecting confidence in near-term stability or slight gains.

Concluding Observations:
The options flow for 2024-12-11 highlights a strong bullish sentiment across key stocks such as AMD, UNH, SMCI, NVDA, Alphabet (GOOG/GOOGL), and Broadcom (AVGO), driven by significant call buying and put selling. This activity underscores institutional confidence in upward price movements or stability. Micron (MU) and other entries with less aggressive premiums indicate moderate expectations, still leaning bullish. Additionally, Coinbase (COIN) and Delta Air Lines (DAL) stand out with clear bullish signals. At the same time, Riot (RIOT) and Adobe (ADBE) exhibit mixed sentiment, reflecting a more cautious or range-bound outlook. Overall, the flow suggests optimism for most highlighted stocks, with varying levels of conviction.

Individual Options Trades: Trading Day 2024-12-11

This section focuses on unusual trades that stand out on an individual basis. These trades are highlighted for their distinctiveness, reflecting significant activity that diverges from typical market behavior.

QQQ (QQQ)
Sentiment: Bullish
Options Activity: 31,924 contracts of calls purchased, expiring on December 20, 2024, with a strike price of 530. Spot price at the time was 529.79.
Total Values: $5,060,000
Strike Price: 530
Expectations: Anticipates price movement slightly above the spot price of 529.79.

Adobe (ADBE)
Sentiment: Bullish
Options Activity: 731 contracts of calls purchased, expiring on June 20, 2025, with a strike price of 540. Spot price at the time was 549.53.
Total Values: $1,995,000
Strike Price: 540
Expectations: Likely anticipates a continued rise above the spot price of 549.53, possibly post-earnings.

TQQQ (TQQQ)
Sentiment: Bearish
Options Activity: 461 contracts of puts purchased, expiring on December 20, 2024, with a strike price of 88. Spot price at the time was 89.32.
Total Values: $715,680
Strike Price: 88
Expectations: This indicates expectations that the stock price will move lower from the spot price of 89.32, or it could be hedging.

General Electric (GE)
Sentiment: Bullish
Options Activity: 2,317 contracts of puts sold, expiring on January 17, 2025, with a strike price of 165. Spot price at the time was 168.30.
Total Values: $553,500
Strike Price: 165
Expectations: Shows confidence in the price staying above 165, which is below the spot price of 168.30.

SoFi Technologies (SOFI)
Sentiment: Bullish
Options Activity: 2,655 contracts of puts sold, expiring on June 20, 2025, with a strike price of 17. Spot price at the time was 15.90.
Total Values: $285,420
Strike Price: 17
Expectations: Indicates confidence that the price will rise above the strike price of 17, higher than the spot price of 15.90.

UNIT (UNIT)
Sentiment: Bearish
Options Activity: Large PUT sale with a strike price of $5.00, expiring on January 15, 2027. Premium collected was $75,000. This trade is significant as it exceeded the prior open interest.
Total Values: $75,000
Strike Price: $5.00
Expectations: The trade suggests confidence that the spot price, currently $6.12, will remain above the strike price.

Rigetti Computing (RGTI)
Sentiment: Mixed
Options Activity: Two trades noted: A large CALL sale with a strike price of $3.50 expiring January 17, 2025, collecting $293,740, and another BUY for the February 21, 2025 CALL at a $7.50 strike price totaling $177,940.
Total Values: $471,680
Strike Price: $3.50, $7.50
Expectations: The CALL sale suggests expectations that the stock will remain below $3.50 (spot price $7.02), while the purchase signals potential for upward momentum.

Tesla (TSLA)
Sentiment: Bearish
Options Activity: A large PUT purchase at a strike price of $350 expiring January 15, 2027, with a premium of $2,087,500.
Total Values: $2,087,500
Strike Price: $350.00
Expectations: This suggests hedging or bearish sentiment with expectations that the price will decline from the current spot price of $417.27.

Advanced Micro Devices (AMD)
Sentiment: Bullish
Options Activity: A significant CALL purchase for September 19, 2025, expiration at a $140 strike price with a premium of $1,780,200.
Total Values: $1,780,200
Strike Price: $140.00
Expectations: Bullish positioning reflects expectations for growth above the current spot price of $129.64.

Amazon (AMZN)
Sentiment: Bearish
Options Activity: A large CALL sale at $227.50, expiring December 20, 2024, with premiums totaling $2,713,160.
Total Values: $2,713,160
Strike Price: $227.50
Expectations: The trade indicates confidence the price will remain below $227.50 (spot price $230.41).

SPDR S&P 500 ETF (SPY)
Sentiment: Bearish
Options Activity: A PUT purchase for $580 strike, expiring January 31, 2025, totaling $1,124,850.
Total Values: $1,124,850
Strike Price: $580.00
Expectations: Indicates bearish sentiment, expecting price to drop below $580 (spot price $607.85). Or hedging.

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

OPKO Health Inc (OPK)
Buyer: Frost Phillip MD et al (Executive Director, CEO & Chairman)
Shares Purchased: 500,000 (+0.2%)
Price: USD 1.56
Total Value: USD 781,050

Oportun Financial Corp (OPRT)
Buyer: Williams R Neil (Non-Executive Director)
Shares Purchased: 25,000 (+21.7%)
Price: USD 3.87
Total Value: USD 96,750

United States Antimony Corp (UAMY)
Buyer: Evans Gary C (Executive Director, Chairman & CEO)
Shares Purchased: 200,000 (+15.1%)
Price: USD 1.45
Total Value: USD 289,400

Eastside Distilling Inc (EAST)
Buyer: Liuzza Nicholas Reyland Jr (Officer, CEO of Subsidiary)
Shares Purchased: 38,165 (+352.2%)
Price: USD 0.83
Total Value: USD 31,486

Altair Engineering Inc (ALTR)
Buyer: Dias Nelson (Chief Revenue Officer)
Shares Purchased: 22,500 (+31.7%)
Price: USD 106.23
Total Value: USD 2,390,081

US Insider Sales

Altice USA Inc (ATUS)
Seller: Next Alt S.a.r.l. (Non-Executive Director, Large Shareholder)
Shares Sold: 268,410 (-1.9%)
Price: USD 25.68
Total Value: USD 6,893,735

SS&C Technologies Holdings Inc (SSNC)
Seller: Stone William C (Executive Director, Chairman of the Board & CEO)
Shares Sold: 132,700 (-0.4%)
Price: USD 76.85
Total Value: USD 10,197,650

HP Inc (HPQ)
Seller: Cho Alex (Officer, President of Personal Systems)
Shares Sold: 40,287 (-38.4%)
Price: USD 34.80
Total Value: USD 1,401,988

Intuit Inc (INTU)
Seller: Fennell Laura A (Officer, EVP People and Places)
Shares Sold: 4,000 (-10.5%)
Price: USD 658.96
Total Value: USD 2,635,828

BigBear.ai Holdings Inc (BBAI)
Seller: BigBear.ai Ultimate Holdings, LLC (Non-Executive Director, Large Shareholder)
Shares Sold: 4,146,835 (-4.4%)
Price: USD 3.27
Total Value: USD 13,560,150

CDN Insider Purchases

Atco Ltd (ACO.X)
Buyer: Southern, Nancy C. (Executive Director)
Shares Purchased: 12,900 (+0.0%)
Price: CAD 49.00
Total Value: CAD 632,100

Atco Ltd (ACO.X)
Buyer: Southern, Margaret E. (Large Shareholder)
Shares Purchased: 12,900 (+0.0%)
Price: CAD 49.00
Total Value: CAD 632,100

Atco Ltd (ACO.X)
Buyer: Southern-Heathcott, Linda A. (Non-Executive Director)
Shares Purchased: 12,900 (+0.0%)
Price: CAD 49.00
Total Value: CAD 632,100

Atco Ltd (ACO.X)
Buyer: Sentgraf Enterprises Ltd. (Large Shareholder)
Shares Purchased: 12,900 (+0.0%)
Price: CAD 49.00
Total Value: CAD 632,100

Lavras Gold Corp (LGC)
Buyer: Raykov, Rostislav Christov (Non-Executive Director)
Shares Purchased: 115,100 (+2.0%)
Price: CAD 2.40
Total Value: CAD 276,240

Prairiesky Royalty Ltd (PSK)
Buyer: Phillips, Andrew (Officer)
Shares Purchased: 4,436 (+0.5%)
Price: CAD 28.60
Total Value: CAD 126,885

Profound Medical Corp (PRN)
Buyer: Menawat, Dr. Arun (Executive Director)
Shares Purchased: 20,000 (+3.7%)
Price: USD 7.50
Total Value: USD 150,000

CDN Insider Sales

Restaurant Brands International Inc (QSR)
Seller: Granat, Jill (Officer)
Shares Sold: 59,387 (-12.6%)
Price: USD 69.24
Total Value: USD 4,111,956

IMAX Corporation
Seller: Lister, Robert D. (Officer)
Shares Sold: 55,910 (-28.7%)
Price: USD 25.50
Total Value: USD 1,425,945

Bright Minds Biosciences Inc (DRUG)
Seller: Pedersen, Jan Torleif (Non-Executive Director)
Shares Sold: 25,000 (-41.7%)
Price: CAD 56.47
Total Value: CAD 1,411,795

Element Fleet Management Corp (EFN)
Seller: Halliday, James (Officer)
Shares Sold: 33,664 (-27.4%)
Price: CAD 30.00
Total Value: CAD 1,009,920

Shopify Inc (SHOP)
Seller: Hertz, Jessica (Officer)
Shares Sold: 5,866 (-33.4%)
Price: USD 114.92
Total Value: USD 674,142

Shopify Inc (SHOP)
Seller: Finkelstein, Harley Michael (Officer)
Shares Sold: 4,951 (-46.3%)
Price: USD 114.92
Total Value: USD 568,987

Institutional Spotlight: Calibre Mining (CXBMF)| (TSX:CXB)

Institutional investors have demonstrated robust interest in Calibre Mining Corp., with 51 institutional shareholders collectively holding a substantial 156,110,425 shares. This strong ownership is highlighted by significant holdings from prominent funds and ETFs such as VanEck Vectors Gold Miners ETF (GDX), VanEck Vectors Junior Gold Miners ETF (GDXJ), and Invesco Oppenheimer Gold & Special Minerals Fund Class C (AIM SECTOR FUNDS). Other key holders include ASA Gold & Precious Metals Ltd, Sprott Gold Equity Fund Institutional Class, and iShares MSCI Global Gold Miners ETF (RING). These institutions’ involvement underscores confidence in the company’s long-term potential within the gold mining sector.

Notably, Calibre Mining’s share price has surged significantly over the past year, climbing from $1.25 on December 11, 2023, to $2.46 as of December 9, 2024—an impressive increase of 96.80%. This substantial growth reflects market optimism and possibly favorable operational or financial performance during this period.

Institutional ownership filings, including Schedule 13D and 13G disclosures, provide additional insights. Schedule 13D filings indicate active investment strategies by shareholders holding over 5%, with a focus on influencing corporate direction, while 13G filings denote passive investments surpassing the same threshold. The presence of such strategic filings suggests a mix of both active engagement and passive confidence among institutional investors.

The diverse range of shareholders—spanning mutual funds, hedge funds, and ETFs—coupled with the recent share price performance, paints a compelling picture of institutional endorsement. The sustained involvement from both active and passive investors reinforces Calibre Mining Corp. as a notable player in the precious metals market.

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 – 2024-12-07

DOCU, BTDR, BNTC, AUR, VSCO, HPE, IREN, HIMS, WYY, WOOF, CNTA, APLD, PLTR, APP, KYMR, RDW, ELDN, GRND, CRDO, TSLA, WULF, AVGO, CEE, PCT, REAL, AFRM, ERAS, KVYO, BLND, MNDY, RDVT, BLFS, SRRK, MDRX, HNRG, SHOP, ZM, DCTH, GKOS, EWTX, WSM, CIFR, MGNI, CLS, AMZN, ORCL, RCL, ADMA, BEAT, ROAD, AOSL, KTOS, MDGL, META, COHR, LENZ, WRBY, QFIN, BROS, CLBT, CRNX, TTD, KRNT, GLBE, CIEN, MOD, RYTM, NFLX, FOUR, ZVRA, SLVM, QTWO, AXGN, LAZ, CRVS, FINV, NTRA, LYV, JCI, DASH, CSWI, IBM, ANET, TGLS, WAB, APO, HLT, TBBK, VRNA, WLFC, COOP, PFSI, CVBF, SGHC, AXP, FWONK, HD, SMTC, Z, SPG, YPF, ZBRA, TGNA, MNKD, SPOT, COMP, KW, FNGS, CKPT, PYPL, CFFN, MLNK, CART, DLR, ADSK, TGTX, KN, MTSI, ZWS, BLCO, JPM, FTNT, HTLF, MCO, MA, YEXT, MD, PFS, VUG, HRI, RBLX, KKR, CCL, WSO, BKU, VERX, ARES, CBU, CFG, STRL, FIBK, UPRO, EBC, ISRG, MIR, BOKF, GPI, MTZ, MTUM, OWL, VCTR, WMT, BKNG, XLK, DOCS, VTWO, NBXG, SSO, CPT, CORZ, CMG, FLUT, SKY, CMI, CAVA, OMF, REPL, CRWD, CTAS, LITE, ALLT, OUT, BDC, CRH, MWA, NDAQ, TJX, MRVL, NCLH, ITRI, FRPT, INSM, BRKL, NOW, AY, ETN, FCF, FFIV, BAC, FRHC, CBSH

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-12-07

TSAT.TO, OGI.TO, GLXY.TO, PPTA.TO, PTK.V, DOO.TO, TA.TO, SSRM.TO, HITI.V, LB.TO, BMO.TO, SMT.TO, ENGH.TO, CLS.TO, LGO.TO, WELL.TO, CPX.TO, DSG.TO, ACQ.TO, BBD/B.TO, DFY.TO, MDA.TO, ITR.V, IFC.TO, AIM.TO, TRI.TO, MAL.TO, MX.TO, ATRL.TO, TOT.TO, BB.TO, CAE.TO, QBR/B.TO, AC.TO, WILD.TO, WSP.TO, BLDP.TO, FFH.TO, CM.TO, BNS.TO, CCA.TO, WPK.TO, CCO.TO, CIGI.TO, EMP/A.TO, T.TO, BAM.TO, BN.TO, EMA.TO, DML.TO, TOY.TO, OLA.TO, STN.TO, MFC.TO, ALS.TO, GFL.TO, TFII.TO, SRU/UN.TO, EFN.TO, MHC/U.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!