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.
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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.
Disclaimer: 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.
TSM (Taiwan Semiconductor Manufacturing Company)
Sentiment: Bullish (Call Buy)
Options Activity: Near-term expiration on 2024-11-15, call buying with large premium and momentum interest.
Total Values: 922,081
Strike Price: 200
Expectations: Implied confidence in upward movement over a short timeframe.
Market View: Potential breakout momentum.
META (Meta Platforms, Inc.)
Sentiment: Bullish (Call Buy)
Options Activity: Calls bought with expiry on 2024-12-13, strong volume with size above prior open interest.
Total Values: 3,834,880
Strike Price: 565
Expectations: Positive sentiment for upward price action leading into expiry.
Market View: Monitoring for further upside and potential breakout activity.
Foot Locker, Inc. (FL)
Sentiment: Bullish
Options Activity: Buy Call
Total Values: $272,112 across 23 contracts
Strike Price: 24
Market View: This multi-sweep call buying points to a bullish outlook, with expectations for the stock to move higher before the expiration later this month.
Affirm Holdings (AFRM)
Bullish Sentiment
Total Options Activity: 15 trades (12 Calls, 3 Puts)
Total Call Value: $677,233
Total Put Value: $275,710
Market View: The overall sentiment leans bullish, with a notable concentration of call option activity.
Robinhood Markets (HOOD)
Bullish Sentiment
Total Options Activity: 80 trades (78 Calls, 2 Puts)
Total Call Value: $9,654,728
Total Put Value: $116,988
Market View: Overall activity highlights a bullish outlook due to the strong preference for call options.
NIO (NIO)
Bullish Sentiment
Total Options Activity: 19 trades (18 Calls, 1 Put)
Total Call Value: $1,532,034
Total Put Value: $56,202
Market View: The sentiment is strongly bullish, with major trades indicating confidence in a potential upward move for NIO.
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
Cadiz Inc (CDZI)
Buyer: Heerema International Group Services SA (Large shareholder)
Shares Purchased: 2,070,000 (+10.0%)
Price: USD 3.34
Total Value: USD 6,913,800
Biodesix, Inc. (BDSX)
Buyer: John Patience (Chairman)
Shares Purchased: 75,000 (+3.6%)
Price: USD 1.38
Total Value: USD 103,710
Albany International Corp (AIN)
Buyer: Robert Alan Hansen (Senior Vice President & CTO)
Shares Purchased: 1,050 (+14.3%)
Price: USD 71.26
Total Value: USD 74,827
South Plains Financial Inc (SPFI)
Buyer: Noe G. Valles (Non-Executive Director)
Shares Purchased: 50,000 (+14.9%)
Price: USD 33.50
Total Value: USD 1,675,000
First Northwest Bancorp (FNWB)
Buyer: Matthew Deines (President / CEO)
Shares Purchased: 2,100 (+2.1%)
Price: USD 9.79
Total Value: USD 20,559
US Insider Sales
Harmony Biosciences Holdings Inc (HRMY)
Seller: Valor IV Pharma Holdings, LLC (Large shareholder)
Shares Sold: 600,000 (-8.3%)
Price: USD 30.30
Total Value: USD 18,181,500
Church & Dwight Co Inc (CHD)
Seller: Matthew Farrell (President and CEO)
Shares Sold: 100,000 (-47.0%)
Price: USD 104.00
Total Value: USD 10,400,160
Fox Corp (FOXA)
Seller: John Nallen (Chief Operating Officer)
Shares Sold: 182,481 (-42.3%)
Price: USD 43.73
Total Value: USD 7,979,894
SolarWinds Corp (SWI)
Seller: Jason Bliss (Chief Administrative Officer)
Shares Sold: 135,000 (-13.9%)
Price: USD 13.02
Total Value: USD 1,757,700
J B Hunt Transport Services Inc (JBHT)
Seller: Frazier Spencer (EVP of Sales and Marketing)
Shares Sold: 2,200 (-35.2%)
Price: USD 194.21
Total Value: USD 427,251
CDN Insider Purchases
Innovotech Inc (IOT)
Buyer: Alan Clyde Hayes Savage (10% Security Holder of Issuer)
Shares Purchased: 769,230 (+5.6%)
Price: CAD 0.13
Total Value: CAD 100,000
Freeman Gold Corp
Buyer: Bassam Moubarak (Director of Issuer, Senior Officer of Issuer)
Shares Purchased: 200,000 (+5.1%)
Price: CAD 0.10
Total Value: CAD 20,000
Canoe EIT Income Fund (EIT.UN)
Buyer: M. Bruce Chernoff (10% Security Holder of Issuer, Director of Issuer)
Shares Purchased: 20,000 (+2.9%)
Price: CAD 14.88
Total Value: CAD 297,562
CDN Insider Sales
Kinaxis Inc (KXS)
Seller: David Peter Kelly (Senior Officer of Issuer)
Shares Sold: 1,500
Price: CAD 162.21
Total Value: CAD 243,320
Kinaxis Inc (KXS)
Seller: David Peter Kelly (Senior Officer of Issuer)
Shares Sold: 1,500
Price: CAD 162.69
Total Value: CAD 244,035
Oceanic Iron Ore Corp (FEO)
Seller: Gordon Keep (Director of Issuer, Senior Officer of Issuer)
Shares Sold: 70,000
Price: CAD 0.24
Total Value: CAD 16,800
Ensign Energy Services Inc (ESI)
Seller: Robert Harold Geddes (Senior Officer of Issuer)
Shares Sold: 25,000 (-1.3%)
Price: CAD 3.00
Total Value: CAD 75,000
Sol Strategies Inc. (formerly Cypherpunk Holdings Inc.)
Seller: Douglas Andrew Harris (Senior Officer of Issuer)
Shares Sold: 50,000 (-27.8%)
Price: CAD 1.24
Total Value: CAD 62,000
Institutional Spotlight: Recent Key Institutional Transactions
RA Capital Management LLC led notable activity with Peter Kolchinsky increasing his stake in multiple biopharma stocks. Kolchinsky acquired 6,383,000 shares of GlycoMimetics (GLYC), resulting in 9.9% ownership, and also purchased 1,476,000 shares of Ensysce Biosciences (ENSC), maintaining a 9.9% stake. His recent moves underscore strong conviction in these life sciences companies, reflecting potential long-term growth prospects in the sector.
Hudson Bay Capital Management LP, headed by Sander Gerber, took a smaller position with 35,000 shares in Bio-Path Holdings (BPTH), equating to 1.35% ownership. Though modest, this transaction may signal interest in early-stage growth within the biotech space.
Integrated Core Strategies (US) LLC, managed by Israel Englander, focused on Phio Pharmaceuticals (PHIN), amassing 2,272,842 shares for a 5.4% stake. Englander’s strategic investment suggests a view of potential value in the company’s development pipeline.
On the retail sector front, Portolan Capital Management LLC and George McCabe took a 5.21% stake in Sportsman’s Warehouse Holdings (SPWH), acquiring 1,972,359 shares. The move could hint at a favorable outlook for consumer demand within specialty retail.
Significant multi-sector investments came from Magnetar Financial LLC, with Alec Litowitz executing large-scale acquisitions across various SPACs and specialty investment vehicles. This included 1,960,200 shares of Hondu Life Sciences (HONDU), reflecting 8.52% ownership, among other prominent positions. The consistent exposure suggests a targeted approach to growth and special situations.
Further illustrating confidence in pharmaceutical innovation, Cormorant Asset Management LLC, helmed by Bihua Chen, secured a 17.26% ownership stake in Bright Minds Biosciences (DRUG) with 1,059,331 shares. The high ownership percentage highlights an emphasis on cutting-edge treatments and neurological advancements.
Collectively, these movements among major institutional players reveal targeted sector-specific plays, with healthcare and biopharma commanding strong interest, accompanied by selective retail and diversified investments. The data presents a snapshot of institutional strategies as they seek to leverage market dynamics and emerging opportunities.
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 – 2024-11-01
AGX, AMZN, ANET, APH, AVT, AXNX, AY, BDC, BKNG, BLCO, BLK, BNTC, BV, BX, CACI, CART, CBSH, CBU, CCK, CEE, CLM, CLS, CNK, CNTX, COMP, CRDO, CRH, DAL, DOCS, DOCU, DORM, DUOL, ELDN, EME, ENVA, EOLS, ETN, EWTX, EZPW, FIX, FNGS, FTAI, FWONK, GILD, GLW, GM, GMED, GTES, HCP, HLMN, HLT, HPE, IBKR, IESC, INOD, IP, IPI, ISRG, ITRI, JHG, JPI, JPM, KMPR, KVYO, LAZ, LITE, MA, MD, MNDY, MNKD, MRVL, MTSI, MTZ, MWA, NBXG, NCNO, NDAQ, NFLX, NN, NNI, NOW, NVDA, OSW, PFS, PLXS, POWL, PPC, PRIM, PSN, PTGX, QTWO, RDW, REPL, ROAD, RSI, RVMD, RZLT, SANM, SATX, SE, SFM, SFNC, SLNO, SMTC, SNDR, SWI, TARS, TGTX, THRD, TOST, TPC, TSM, UAL, UTHR, VCTR, VERX, VUG, WMT, XLF, YOU, YPF, ZBRA, ZIM, ZWS
Canadian Institutional Momentum Watchlist
EXPORT – CDN – Institutional – 2024-11-01
AAUC.TO, AC.TO, AGF/B.TO, ARE.TO, ARG.TO, ATRL.TO, ATZ.TO, BAM.TO, BBD/B.TO, BDT.TO, BNS.TO, CAS.TO, CEU.TO, CFP.TO, CIX.TO, CLS.TO, CM.TO, DCBO.TO, DNG.TO, DNTL.TO, DOL.TO, DSG.TO, ECN.TO, EFX.TO, ENB.TO, FFH.TO, FM.TO, FSZ.TO, FURY.TO, HBM.TO, HITI.V, IAG.TO, IFC.TO, IFP.TO, IGM.TO, KEY.TO, L.TO, LAC.TO, MDA.TO, MG.TO, MTL.TO, NEO.TO, NOA.TO, NVEI.TO, NWC.TO, ONEX.TO, OR.TO, POW.TO, PZA.TO, SES.TO, SLF.TO, SSL.TO, STLC.TO, STN.TO, SXP.TO, TOT.TO, TRI.TO, TVE.TO, TVK.TO, TXG.TO, VHI.TO, WN.TO, WSP.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!