SYS Research – Unusual Activity – Wednesday, October 30, 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

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.

SPDR S&P 500 ETF Trust (SPY)
Sentiment: Mixed
Options Activity: Significant activity in both put and call options. Notable trades include a $1.1 million multi-sweep put sale expiring on 2024-12-20 at a 550 strike and $5.4 million in call sells for the same expiration at a 610 strike, reflecting a mixed but generally bullish sentiment on maintaining the current level.
Total Values: $7.5 million
Strike Price: 550-610 range
Expectations: Consolidation expected around current levels with moderate potential for growth, influenced by sectoral performance.


iShares Russell 2000 ETF (IWM)
Sentiment: Bearish
Options Activity: Heavy call selling noted, with a significant transaction of $1.7 million for calls expiring on 2024-11-15 at a 230 strike. This indicates an expectation of limited upside.
Total Values: $1.7 million
Strike Price: 230
Market View: Limited small-cap growth is anticipated in the short term.


Fiverr International (FVRR)
Sentiment: Mixed
Options Activity: Both call purchases and sales seen, including a $101k call buy for a 29 strike expiring on 2025-01-17, and significant $138k sales at a 29 strike.
Total Values: $239k
Strike Price: 29
Expectations: Post-earnings adjustments suggest fluctuating sentiment with potential for stabilization in the current range.


InMode Ltd (INMD)
Sentiment: Bullish
Options Activity: Call buy noted for January 2025 with a 15 strike, totaling $174k, signaling growth expectations post-earnings.
Total Values: $174k
Strike Price: 15
Expectations: Price is anticipated to trend higher with supportive earnings performance.


Li Auto Inc. (LI)
Sentiment: Bullish
Options Activity: Mixed calls around earnings, including a notable $700k purchase at a 33 strike for 2024-12-20, and significant sales across various strikes.
Total Values: $1.3 million
Strike Price: 31-34 range
Expectations: Stock expected to appreciate modestly in the near term.


SoFi Technologies Inc. (SOFI)
Sentiment: Mixed, leaning bearish
Options Activity: Multiple call sales at 8 strikes, including a $355k sale expiring on 2025-01-17.
Total Values: $1.2 million
Strike Price: 8-9
Market View: Earnings concerns influence a bearish outlook in the long-term options.


Tesla Inc. (TSLA)
Sentiment: Neutral
Options Activity: Both buys and sells in 350 strike calls for February 2025, totaling $1.2 million, indicating a neutral stance on near-term price movements.
Total Values: $1.2 million
Strike Price: 350
Market View: Stability in TSLA expected amidst broader market fluctuations.


SMCI, Inc. (SMCI)
Sentiment: Bearish
Options Activity: Significant put buying around 45 and 47 strikes with November expiration, suggesting a decline expectation in the near term.
Total Values: $3.4 million
Strike Price: 45-47 range
Expectations: Short-term bearish movement likely around earnings.


Morgan Stanley (MS)
Sentiment: Bearish
Options Activity: Heavy call selling across strikes from 90-105 expiring on 2024-11-15, indicating limited upward movement potential.
Total Values: $5.1 million
Strike Price: 90-105


Kinder Morgan, Inc. (KMI)
Sentiment: Bearish
Options Activity: Repeated call options sold across various expirations, reflecting a bearish sentiment or capped upside outlook.

Options Summary:

  • Expiration Date: 2024-11-15
    • Strike Prices and Totals:
      • $23 Strike: Significant activity with multiple sells totaling approximately $4,278,400.
      • $21 Strike: Multiple sells with a total premium of around $1,824,000.
  • Expiration Date: 2024-12-20
    • Strike Price: 19
    • Total Premium: Approximately $4,830,000 in repeated sell orders.

Strike Price Range: $19 to $23 across expirations, suggesting capped upside expectations.

Expectations: Repeated sell orders suggest expectations for limited price movement upward through 2024.

Market View: Bearish sentiment indicated by substantial selling activity across multiple expirations and strikes, with limited expectations for price increases.


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

FB Financial Corp (FBK)
Buyer: Ayers James W. (Large shareholder)
Shares Purchased: 2,000 (+0.0%)
Price: USD 49.74
Total Value: USD 99,480

Bancorp Inc (TBBK)
Buyer: Brockman Todd J. (Non-Executive Director)
Shares Purchased: 4,517
Price: USD 49.94
Total Value: USD 225,574

Bancorp Inc (TBBK)
Buyer: Tryniski Mark E (Non-Executive Director)
Shares Purchased: 5,000 (+97.9%)
Price: USD 50.36
Total Value: USD 251,803

PBF Energy Inc (PBF)
Buyer: Control Empresarial de Capitales S.A. de C.V. (Add’l Rep. Persons-see Ex.99-1)
Shares Purchased: 314,000 (+1.3%)
Price: USD 29.58
Total Value: USD 9,288,528

US Insider Sales

J B Hunt Transport Services Inc (JBHT)
Seller: Field Darren P. (EVP and President Intermodal)
Shares Sold: 1,500 (-10.6%)
Price: USD 183.50
Total Value: USD 275,250

BancFirst Corp (BANF)
Seller: Martin William Scott (Director)
Shares Sold: 5,000 (-1.6%)
Price: USD 113.50
Total Value: USD 567,500

First Financial Bancorp (FFBC)
Seller: Shank James R (Chief Internal Auditor)
Shares Sold: 3,700 (-19.4%)
Price: USD 26.34
Total Value: USD 97,458

Wintrust Financial Corp (WTFC)
Seller: Murphy Richard B (Vice Chair, Chief Lending Officer)
Shares Sold: 4,099 (-8.8%)
Price: USD 115.63
Total Value: USD 473,967

Bancorp Inc (TBBK)
Seller: Wainwright Maria (EVP Chief Marketing Officer)
Shares Sold: 11,357 (-32.8%)
Price: USD 50.08
Total Value: USD 568,727


CDN Insider Purchases

Goldshore Resources Inc (GSHR)
Buyer: Paes-Braga, Bryan Alexander (10% Security Holder of Issuer)
Shares Purchased: 2,632,000 (+7.4%)
Price: CAD 0.38
Total Value: CAD 1,000,160

Premier American Uranium Inc.
Buyer: Rotolo, Timothy James (10% Security Holder of Issuer)
Shares Purchased: 35,000 (+3.0%)
Price: CAD 2.02
Total Value: CAD 70,812

Canoe EIT Income Fund (EIT.UN)
Buyer: Chernoff, M. Bruce (10% Security Holder of Issuer)
Shares Purchased: 4,636 (+11.0%)
Price: CAD 14.99
Total Value: CAD 69,494

Kontrol Technologies Corp (KNR)
Buyer: Ghezzi, Paul (Director or Senior Officer of 10% Security Holder)
Shares Purchased: 77,500 (+1.3%)
Price: CAD 0.19
Total Value: CAD 14,725

TFI International Inc (TFII)
Buyer: ABI-KARAM, LESLIE (Director of Issuer)
Shares Purchased: 372 (+13.8%)
Price: USD 136.01
Total Value: USD 50,596

CDN Insider Sales

Sandstorm Gold Ltd (SSL)
Seller: Orion Mine Finance Management II Limited (10% Security Holder of Issuer)
Shares Sold: 4,819,181 (-16.5%)
Price: CAD 8.30
Total Value: CAD 39,999,202

Celestica Inc (CLS)
Seller: Mionis, Robert Andrew (Director of Issuer)
Shares Sold: 150,000 (-20.2%)
Price: USD 69.66
Total Value: USD 10,449,150


Institutional Spotlight: Personalis (PSNL)

Personalis, Inc. (PSNL) has seen a significant rise in institutional interest, underscoring the market’s growing confidence in its potential. As of the most recent filings, the company boasts 114 institutional owners, all holding long positions, reflecting a robust commitment to the stock. These institutions collectively own 28,952,627 shares, representing approximately 51.07% of the total shares outstanding of 56,696,705. The average portfolio allocation for these institutions has dramatically increased by 71.56% in the last quarter, indicating a strategic shift towards greater investment in Personalis.

Major shareholders include prominent investment entities such as ARK Genomic Revolution ETF, ARK Investment Management LLC, and BlackRock Inc. The latest 13G/A filing from BlackRock revealed an ownership of 2,915,683 shares, affirming their positive outlook. Similarly, ARK Investment Management has increased its stake, now holding 6,671,545 shares, a 21.29% increase from previous disclosures. This trend of accumulation suggests a bullish sentiment among institutional investors, which is further supported by a high Fund Sentiment Score, positioning Personalis within the top percentile of stocks experiencing institutional accumulation.

The share price of PSNL has surged from $0.95 on October 30, 2023, to $5.20 today, marking an impressive increase of 446.96% over the past year.


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 – 2024-10-25

AAPL, ADSK, AGX, AM, AMAT, AMZN, AON, APGE, APP, ARQ, ARQT, ATSG, AVGO, AVTX, AXON, BEAT, BHVN, BILI, BKLN, BKNG, BLCO, BMTX, BRKL, BROS, BXMX, CAAP, CART, CHDN, CHE, CHKP, CHRW, CLM, CLS, CNC, CNK, CNQ, CPNG, CRDO, CRGX, CRH, CRM, CRS, CRUS, CVNA, CWAN, DASH, DAWN, DCTH, DDOG, DECK, DELL, DLR, DMRC, DORM, DUOL, ENTX, EOLS, ESGR, EWTX, EZPW, FFIV, FHTX, FINV, FNGS, FORM, FOUR, FRHC, FTAI, FUTU, GILD, GKOS, GOOG, GOOGL, GSHD, HAIN, HIMS, HLIT, HLT, HNRG, HPQ, HRI, HUBS, HWM, ICFI, ICVT, ILMN, INOD, IPI, IREN, KEYS, KGS, KN, KNSA, KNX, KROS, KTOS, KVYO, LAZ, LBRDK, LBTYA, LNTH, LOAR, MAX, MCHI, MGM, MGNI, MGRC, MIR, MNDY, MNKD, MOD, MP, MRUS, MSFT, MTSI, MU, NBXG, NEXT, NFLX, NN, NRIX, NVDA, NXPI, OCUL, OKLO, ONON, OSW, PCAR, PFGC, PLCE, PLNT, PLRX, PLTR, PTGX, PYPL, RBC, RBLX, RBRK, RDDT, RDWR, RPD, RZLT, SANM, SATX, SBUX, SEZL, SFM, SLNO, SMMT, SMR, SMTC, SNDR, SNY, SPOT, SQ, SRRK, SUM, TARS, TDG, TEL, TGTX, THRD, TMDX, TRMB, TSLA, TSM, TTD, TTGT, UAL, UGL, ULS, USD, USDU, USM, UUP, VERX, VRNS, VRT, VUG, WDC, WEAV, WULF, XLK, YPF, ZIM, ZS, ZURA

Canadian Institutional Momentum Watchlist

EXPORT – CDN – Institutional Momentum Watchlist – 2024-10-25

AC.TO, ACB.TO, AIF.TO, ARX.TO, ATH.TO, BAM.TO, BDGI.TO, BDT.TO, BTE.TO, CAE.TO, CCO.TO, CEU.TO, CFP.TO, CIGI.TO, CIX.TO, CJ.TO, CLS.TO, CNQ.TO, CRDL.TO, CVE.TO, CXB.TO, DML.TO, DRX.TO, EDV.TO, EFX.TO, ERA.V, FM.TO, FNV.TO, FSV.TO, FSZ.TO, GLXY.TO, GPV.V, GTII.CA, HBM.TO, HITI.V, IFP.TO, IMO.TO, ITR.V, LAC.TO, LGO.TO, LIF.TO, LUN.TO, MDA.TO, MEG.TO, MX.TO, NVEI.TO, OBE.TO, OGI.TO, OR.TO, PPL.TO, PRL.TO, PTM.TO, PZA.TO, QBR/B.TO, SES.TO, SIA.TO, STLC.TO, STN.TO, SU.TO, TF.TO, TFPM.TO, TOT.TO, TOU.TO, TOY.TO, TPZ.TO, TRP.TO, TRX.TO, TVE.TO, URE.TO, VHI.TO, VNP.TO, WEED.TO, WEF.TO, WFG.TO, WJX.TO, WPK.TO, YGR.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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