SYS Research – Unusual Activity – Wednesday, November 13, 2024

Notice: The Unusual Activity report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.

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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.

Occidental Petroleum Corporation (OXY)
Sentiment: Bullish
Options Activity: Calls bought totaled $2,993,857, while calls sold were significantly lower at $1,192,324. Puts bought came in at $510,918, and puts sold were notably higher at $2,440,634.
Total Values: Net premium stood at $3,731,249.
Expectations/Market View: The net positive premium and higher put selling relative to put buying reflect a bullish sentiment from institutional traders. This suggests confidence in Occidental Petroleum’s ability to maintain or increase its current price level, potentially driven by broader market or sector-specific factors favoring energy stocks.


Mersana Therapeutics (MRSN)
Sentiment: Bullish
Options Activity: Buy Call (Expiration: 2024-12-20)
Total Values: Premium Paid – $4,760, Open Interest – 82, Implied Volatility – 1.65
Strike Price: $5
Expectations: Monitoring for potential upside based on post-earnings activity.


Seadrill Limited (SDRL)
Sentiment: Bullish
Options Activity: Buy Call (Expiration: 2024-12-20)
Total Values: Premium Paid – $12,600, Open Interest – 2,106, Implied Volatility – 0.40
Strike Price: $45
Expectations: Possible upward movement with notable open interest and favorable activity.


Rivian Automotive (RIVN)
Sentiment: Bullish (Put Selling)
Options Activity: Sell Put (Expiration: 2025-09-19)
Total Values: Premium Received – $232,500, Open Interest – 584, Implied Volatility – 0.70
Strike Price: $12.5
Expectations: Monitoring stability above strike price, reflecting confidence in maintaining price levels.


JPMorgan Chase & Co. (JPM)
Sentiment: Bullish
Options Activity: Buy Call (Expiration: 2025-12-19)
Total Values: Premium Paid – $1,132,500, Open Interest – 645, Implied Volatility – 0.23
Strike Price: $250
Expectations: Positive outlook with high premium paid suggesting potential growth.


iShares Silver Trust (SLV)
Sentiment: Bearish (Call Selling)
Options Activity: Sell Call (Expiration: 2025-04-17)
Total Values: Premium Received – $528,000, Open Interest – 7,969, Implied Volatility – 0.28
Strike Price: $29
Expectations: Expecting price stability or downside below the strike level.


Iris Energy Limited (IREN)
Sentiment: Bullish
Options Activity: Buy Call (Expiration: 2025-03-21)
Total Values: Premium Paid – $1,750,370, Open Interest – 368, Implied Volatility – 1.23-1.24
Strike Price: $6
Expectations: Monitoring potential growth, showing strong interest despite current price levels.


Amazon.com Inc. (AMZN)
Sentiment: Bullish
Options Activity: Buy Call (Expiration: 2024-11-15)
Total Values: Premium Paid – $5,690,060, Open Interest – 19,903, Implied Volatility – 0.71-0.81
Strike Price: $185
Expectations: Potential upside momentum expected leading to short-term breakout potential.

  • Options Activity: $43,299,850 in calls bought and $22,377,575 in calls sold. Puts bought totaled $8,816,077, while puts sold came in at $5,001,248.
  • Total Values: Net premium of $17,107,446.
  • Expectations/Market View: The net positive premium indicates a bullish market sentiment, with call buying activity leading over puts, signaling a potential expectation for upward price movement.

iShares Silver Trust (SLV)
Sentiment: Bearish
Options Activity: Large block sell of March 2025 28 strike calls.
Total Values: 433 contracts, $573,885 premium paid.
Strike Price: 28
Spot Price: 27.885
Expectations: Indicates a bearish sentiment, suggesting limited upside movement in silver prices.


Invesco QQQ Trust (QQQ)
Sentiment: Mixed (Buy and Sell Activity)
Options Activity: Buy of November 2024 490 strike calls and Sell of the same contract later. Large institutional trades noted.
Total Values: 3 contracts with $2,350,000 and later smaller sell with premiums of $2,247,200.
Strike Price: 490
Spot Price: 511.39
Expectations: Monitor for potential upside and stabilization below 511 spot price, mixed signals imply market indecision.


Vale S.A. (VALE)
Sentiment: Bearish (Put Buying Activity)
Options Activity: Multiple December 2026 12 strike puts bought in large quantities across different venues.
Total Values: 39,012 contracts, over $650,000 premium.
Strike Price: 12
Spot Price: 9.865
Expectations: Strong downside protection; traders positioning for a potential drop or volatility in Vale shares.


Lunar Holdings (LUNR)
Sentiment: Bearish (Call Selling Activity)
Options Activity: Short-term November 2024 10 strike calls sold with strong pre-earnings volume.
Total Values: 9,498 contracts, $89,252 premium.
Strike Price: 10
Spot Price: 12.235
Expectations: Implies confidence in limited near-term upside, aligning with pre-earnings bearish positioning.


CleanSpark Inc. (CLSK)
Sentiment: Bullish (Call Buying Activity)
Options Activity: Large call buys for November 2024 and beyond with notable multi-sweep patterns.
Total Values: 16 contracts for $285,000 in premiums.
Strike Price: 19.5
Spot Price: 15.9646
Expectations: Indicates positive expectations leading up to expiration, potentially signaling further upward movement.


Nabors Industries (NBR)
Sentiment: Bearish (Call Selling)
Options Activity: January 2025 80 strike calls sold across multiple channels.
Total Values: 709 contracts, $335,000 premium.
Strike Price: 80
Spot Price: 77.345
Expectations: Suggests a capped upside around the strike price, bearish outlook or limited growth potential.


MicroStrategy (MSTR)
Sentiment: Bullish (Call Buying)
Options Activity: January 2025 265 strike calls bought across various markets.
Total Values: 1,355 contracts, total premiums above $4,100,000.
Strike Price: 265
Spot Price: 354.13
Expectations: Positioning indicates confidence in continued upward momentum, significant bullish bets placed.


iShares Russell 2000 ETF (IWM)
Sentiment: Bullish (Put Selling)
Options Activity: Sell Put (Expiration: 2025-01-17)
Total Values: Premium Received – $1,244,750, Open Interest – 18,818, Implied Volatility – 0.22
Strike Price: $225
Expectations: Anticipated stability or rebound above the strike, expressing optimism for sustained levels.


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

Exact Sciences Corp (EXAS)
Buyer: Kevin T Conroy (President and CEO)
Shares Purchased: 19,500 (+1.8%)
Price: USD 51.35
Total Value: USD 1,001,325

Immunic Inc (IMUX)
Buyer: Richard Alan Rudick (Non-Executive Director)
Shares Purchased: 87,300 (+inf%)
Price: USD 1.15
Total Value: USD 100,369

Global Net Lease Inc (GNL)
Buyer: Nicholas S Schorsch (Large shareholder)
Shares Purchased: 100,000 (+5.8%)
Price: USD 7.72
Total Value: USD 772,000

Rockwell Automation Inc (ROK)
Buyer: Christian E Rothe (Sr. VP and CFO)
Shares Purchased: 1,128 (+18.4%)
Price: USD 277.75
Total Value: USD 313,307

KVH Industries Inc (KVHI)
Buyer: Bradley Louis Radoff (Large shareholder)
Shares Purchased: 32,501 (+1.6%)
Price: USD 4.86
Total Value: USD 157,981

US Insider Sales

Steel Dynamics Inc (STLD)
Seller: Miguel Alvarez (Senior Vice President)
Shares Sold: 6,650 (-5.4%)
Price: USD 143.00
Total Value: USD 950,950

Ryman Hospitality Properties Inc (RHP)
Seller: Fazal F Merchant (Non-Executive Director)
Shares Sold: 1,269 (-20.8%)
Price: USD 113.98
Total Value: USD 144,641

Kirby Corp (KEX)
Seller: Christian G. O’Neil (President and COO)
Shares Sold: 15,041 (-66.0%)
Price: USD 130.00
Total Value: USD 1,955,330

Alkami Technology Inc (ALKT)
Seller: Brian R Smith (Non-Executive Director, Large shareholder)
Shares Sold: 356,250 (-2.4%)
Price: USD 37.50
Total Value: USD 13,359,375

Tecnoglass Inc (TGLS)
Seller: Energy Holding Corp (Large shareholder)
Shares Sold: 1,432,120 (-5.8%)
Price: USD 73.02
Total Value: USD 104,573,402


CDN Insider Purchases

Sol Strategies Inc. (formerly, Cypherpunk Holdings Inc.) (No Ticker)
Buyer: Antanas Guoga (Tony) (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 718,100 (+1.5%)
Price: CAD 1.17
Total Value: CAD 841,972

Premium Brands Holdings Corp (PBH)
Buyer: Thomas Philip Dea (Director of Issuer)
Shares Purchased: 26,600 (+49.2%)
Price: CAD 77.87
Total Value: CAD 2,071,345

Premium Brands Holdings Corp (PBH)
Buyer: Thomas Philip Dea (Director of Issuer)
Shares Purchased: 15,800 (+19.6%)
Price: CAD 77.87
Total Value: CAD 1,230,359

South Bow Corporation
Buyer: Melville George Lewis (Director of Issuer)
Shares Purchased: 30,000 (+438.7%)
Price: CAD 33.25
Total Value: CAD 997,500

Mirasol Resources Ltd (MRZ)
Buyer: John Tognetti (10% Security Holder of Issuer, Director of Issuer)
Shares Purchased: 2,222,223 (+16.5%)
Price: CAD 0.45
Total Value: CAD 1,000,000

CDN Insider Sales

Capstone Copper Corp (CS)
Seller: Darren Murvin Pylot (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 500,000 (-25.2%)
Price: CAD 10.50
Total Value: CAD 5,249,450

Ivanhoe Mines Ltd (IVN)
Seller: Martie Cloete (Director or Senior Officer of Insider or Subsidiary of Issuer, Senior Officer of Issuer)
Shares Sold: 28,600 (-3.1%)
Price: CAD 18.55
Total Value: CAD 530,530

Golcap Resources Corp (GCP)
Seller: Damien Edward Reynolds (10% Security Holder of Issuer)
Shares Sold: 2,500,000 (-36.5%)
Price: CAD 0.20
Total Value: CAD 500,000

Golcap Resources Corp (GCP)
Seller: Emma Fairhurst (10% Security Holder of Issuer)
Shares Sold: 2,500,000 (-36.5%)
Price: CAD 0.20
Total Value: CAD 500,000


Institutional Spotlight: Domo (DOMO)

In a notable move, Ahmet Okumus, through RPD Fund Management LLC, disclosed a significant new position in DOMO Inc. The firm acquired 1,794,639 shares, representing a 5.10% stake in the company’s outstanding shares as of September 30, 2024. This acquisition marks a 100% increase in their position, as these shares were entirely newly acquired. The filing, submitted under a Schedule 13G on November 13, 2024, underscores a substantial vote of confidence in DOMO Inc. by a prominent institutional investor.

The size and timing of this stake may suggest positive expectations regarding the company’s future prospects or potential for strategic initiatives. With a position of this magnitude, RPD Fund Management LLC becomes a significant holder, aligning its interests with shareholders seeking long-term growth.


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 – 2024-11-09

ABT, ACLX, ACRV, ADMA, ADSK, ADT, AESI, AEYE, AGR, AGX, AHCO, AHH, AJG, ALL, ALNY, AM, AMP, AMSC, ANDE, ANF, AON, APGE, APO, APP, APTV, ARES, ARIS, ARQ, ARQT, ASPI, ATMU, AVA, AXON, AXP, BAC, BCC, BCYC, BDSX, BEAT, BECN, BGC, BHRB, BHVN, BILL, BKLN, BKNG, BKU, BL, BLK, BLND, BOKF, BRKL, BROS, BSX, BTDR, BTM, BTO, BV, BWIN, BX, BXMX, BXP, CACI, CARG, CARR, CAVA, CBSH, CBU, CCL, CEE, CFR, CGON, CHD, CHRW, CHWY, CIEN, CIFR, CIM, CLM, CLS, CMA, CMBS, CMC, CME, CMG, CMI, CNP, CNTA, COHR, COOP, CORZ, CPRT, CPT, CRC, CRDO, CRGX, CRH, CRM, CRS, CRVL, CSWI, CSX, CTAS, CVBF, CVNA, CW, CWB, CWBC, DAL, DASH, DAWN, DCTH, DECK, DFH, DGII, DGX, DIS, DKS, DLR, DOCS, DOCU, DORM, DTM, DUOL, DY, EBC, EGP, EME, EMHY, ENVA, EQR, ERAS, ETN, ETR, EVRG, EWTX, EXPO, FBTC, FCF, FDX, FEX, FFIN, FHTX, FI, FIBK, FIHL, FIP, FIX, FLUT, FOUR, FR, FRHC, FRME, FRPT, FTAI, FTNT, FWONK, GCI, GE, GEF, GEV, GGT, GGZ, GKOS, GLBE, GLW, GM, GME, GOLF, GPOR, GRND, GSHD, HALO, HCI, HCP, HD, HDB, HLMN, HLT, HOMB, HON, HPE, HPF, HROW, HTLF, HUBS, HWM, HYGH, IBKR, ICFI, ICVT, IESC, IKT, INDB, INOD, INSG, INSM, INTU, IOT, IRDM, IRON, ISRG, ITRI, ITT, JAZZ, JCI, JHG, JPM, KAI, KEYS, KGS, KKR, KMPR, KNX, KROS, KTOS, KW, LAZ, LBRDK, LDOS, LH, LITE, LLY, LMB, LMT, LOAR, LOPE, LYFT, MA, MAA, MAMA, MBB, MCD, MCO, MGNI, MITT, MKL, MLTX, MMM, MNDY, MNMD, MOD, MRCY, MREO, MSI, MTUM, MTZ, MWA, NATL, NBXG, NCNO, NDAQ, NEXT, NHI, NN, NRIX, NTRA, NU, NUVL, NVEI, NWBI, OCUL, OGE, OMF, ONON, OOMA, ORCL, ORI, OWL, PAYC, PCAR, PCF, PFGC, PFS, PFSI, PG, PGR, PI, PLCE, PLNT, PLTR, PLXS, PMTS, POWL, PPC, PPL, PRIM, PSN, PUTW, PYPL, QNST, QTWO, RBC, RBRK, RCL, RDDT, RDVT, RDW, REAL, REPL, REVG, RGA, ROAD, ROST, RSI, RSSS, RTX, RVMD, RYAN, SAVA, SBUX, SCHW, SEZL, SFM, SFNC, SHOP, SHW, SKY, SLVM, SMMT, SMPL, SMR, SMTC, SNBR, SNDR, SNWVD, SON, SPB, SPG, SPGI, SPOT, SPXC, SR, SRE, SSNC, SSO, STEP, STLD, STRL, SUM, SWX, TARS, TBBK, TDG, TEAM, TERN, TGLS, TGTX, THRD, TISI, TJX, TLSA, TOST, TPX, TRMB, TRU, TSLA, TSM, TT, TTGT, TVTX, TW, TYL, UAL, UNFI, UNH, USDU, USFD, UTHR, UTZ, UUP, V, VCTR, VEON, VERX, VIAV, VRRM, VRSK, VRT, VST, VTV, VTWO, VUG, WAB, WBS, WEAV, WEC, WELL, WGS, WIX, WM, WMT, WSO, WULF, WWD, WYY, XHB, XLE, XLF, YEXT, Z, ZBRA, ZETA, ZM, ZURA

 

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional – 2024-11-09

ACO/X.TO, AIF.TO, ALA.TO, ATD.TO, ATZ.TO, BAM.TO, BEPC.TO, BMO.TO, BNS.TO, CAE.TO, CCA.TO, CFP.TO, CGO.TO, CIGI.TO, CLS.TO, CMG.TO, CPX.TO, CTC/A.TO, CWB.TO, DBM.TO, DCBO.TO, DNTL.TO, DOL.TO, DSG.TO, ECN.TO, EFN.TO, ENB.TO, EQX.TO, EXE.TO, FN.TO, FSV.TO, FTS.TO, GLXY.TO, GRT/UN.TO, GWO.TO, H.TO, IFC.TO, IGM.TO, IMG.TO, JWEL.TO, LB.TO, LSPD.TO, MATR.TO, MDA.TO, MG.TO, MOGO.TO, MTY.TO, MX.TO, NA.TO, NVA.TO, NVEI.TO, NXE.TO, ONEX.TO, PET.TO, PNE.TO, POW.TO, PRL.TO, SES.TO, T.TO, TD.TO, TRI.TO, VHI.TO, WPM.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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