SYS Research – Unusual Activity – Wednesday, October 9, 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

Invesco QQQ Trust (QQQ)
Sentiment: Bullish
Options Activity: Large call sweeps with high premiums on multiple expiration dates. Buyers are targeting strikes just below current levels, with significant open interest increases.
Total Values: Over $5 million in premium across various strikes
Strike Price or Range of Strike Prices: $492 – $499
Expectations: Potential breakout movement towards $500 as bullish positioning intensifies.


Robinhood Markets, Inc. (HOOD)
Sentiment – Bullish: Strong long-term bullish sentiment driven by heavy call buying.
Options Activity: Multiple large trades focused on January 2026 $25 call options, with over 24,583 contracts purchased. Significant activity also seen in shorter-term October 2024 and November 2024 calls.
Total Values: Over $11 million in premium across call options.
Strike Price or Range of Strike Prices: $25 strike for 2026 expiration, shorter-term strikes ranging from $25 to $40.
Expectations: Buyers are anticipating significant upside for Robinhood, particularly over the next few years, suggesting confidence in a recovery or growth in share price.


Oracle (ORCL)
Sentiment: Mixed
Options Activity: Multiple large call option trades across various expiration dates. Significant selling activity around the December 2024 expiration and aggressive buying of short-term and longer-dated calls. This suggests a mixed outlook, with near-term caution and potential longer-term bullish positioning.
Total Values: Over $10 million in total premiums paid/received
Strike Price or Range: $160 to $200 strikes across different expirations
Expectations: Mixed positioning, with selling pressure on higher strike calls suggesting limited near-term upside. However, longer-dated call buying hints at potential stock recovery or growth over time.


Oracle (ORCL)
Sentiment: Mixed
Options Activity: Large sale of 2,317 contracts of $170 calls expiring on October 11, 2024.
Total Values: $1.95 million in premiums collected
Strike Price: $170 strike
Expectations: The seller expects Oracle’s price to stay below $170, limiting upside potential in the short term.


Oracle (ORCL)
Sentiment: Bearish
Options Activity: Sale of 1,410 contracts of $195 calls expiring on December 20, 2024, paired with significant buying of the same strike.
Total Values: $1.44 million in premiums received for the call sale and $427,680 paid for the call purchase
Strike Price: $195 strike
Expectations: Uncertainty prevails. The seller likely expects resistance near $195, while the buyer seeks potential upside beyond that level by year-end.


Oracle (ORCL)
Sentiment: Bullish
Options Activity: Purchase of 3,601 contracts of $155 calls expiring on October 18, 2024.
Total Values: $4.12 million in premiums paid
Strike Price: $155 strike
Expectations: The large call purchase signals confidence in a near-term upside, with the trader possibly anticipating a sharp rise in Oracle’s price.


Oracle (ORCL)
Sentiment: Bullish
Options Activity: Purchase of 3,411 contracts of $150 calls expiring on October 18, 2024.
Total Values: $2.96 million in premiums paid
Strike Price: $150 strike
Expectations: Strong bullish sentiment, with expectations that Oracle will surpass the $150 level by mid-October.


Rivian Automotive (RIVN) Sentiment: Bearish
Options Activity: Significant call sell activity at 2025-12-19 expiration, 5 strike. Low premium but considerable volume.
Total Values: $187K
Strike Price: 5
Expectations: This bearish sentiment could indicate an expectation of limited upside or potential further downside in the stock.


American Airlines Group (AAL)
Sentiment: Mixed
Options Activity: Put selling and buying seen in short-term contracts with strikes around current price levels. Traders appear to be hedging positions.
Total Values: $628,948 combined across trades
Strike Price or Range of Strike Prices: $12
Expectations: Likely consolidation near current price levels in the short term, with potential upward movement depending on broader market conditions.


Verizon Communications (VZ)
Sentiment: Bearish
Options Activity: Significant call selling across multiple strikes and expiration dates, with premiums totaling millions. Sellers are targeting strikes well above current levels.
Total Values: $10 million in premium
Strike Price or Range of Strike Prices: $38 – $44
Expectations: Market participants expect limited upside for VZ through 2025, as reflected in the heavy call selling.


Tesla, Inc. (TSLA)
Sentiment: Bearish
Options Activity: Large call sale on November expiry, targeting a strike close to the current price. Traders do not seem confident in a near-term rally.
Total Values: Over $2.9 million
Strike Price or Range of Strike Prices: $250
Expectations: TSLA may face downward pressure or consolidation, as call sellers dominate recent options activity.


Coinbase Global Inc. (COIN)
Sentiment: Bearish
Options Activity: Call selling into 2025 with strikes above current prices, indicating low expectations for a significant upside in the stock.
Total Values: $1.4 million in premium
Strike Price or Range of Strike Prices: $150
Expectations: COIN is expected to remain range-bound or trend lower, with traders positioning for limited upside.


Lowe’s Companies (LOW)
Sentiment: Bearish
Options Activity: Call selling on January 17, 2025 expiration with volume exceeding prior open interest.
Total Values: $1.3M
Strike Price: 300
Expectations: The trader expects the stock to face challenges around the $300 level.


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

Presidio Property Trust Inc (NTTT)
Buyer: Jack Kendrick Heilbron (Chief Executive Officer)
Shares Purchased: 1,000 (+19.2%)
Price: USD 14.38
Total Value: USD 14,380

Texas Pacific Land Corp (TPL)
Buyer: Murray Stahl (Non-Executive Director, Large shareholder)
Shares Purchased: 3 (+0.0%)
Price: USD 986.96
Total Value: USD 2,961

AngioDynamics Inc (ANGO)
Buyer: Stephen A. Trowbridge (EVP and CFO)
Shares Purchased: 1,700 (+1.0%)
Price: USD 5.86
Total Value: USD 9,962

US Energy Corp (USEG)
Buyer: Ryan Lewis Smith (CEO)
Shares Purchased: 500 (+0.1%)
Price: USD 1.27
Total Value: USD 635

Eton Pharmaceuticals Inc (ETON)
Buyer: Opaleye Management Inc. (Large shareholder)
Shares Purchased: 30,000 (+1.1%)
Price: USD 7.03
Total Value: USD 210,876

US Insider Sales

SYNNEX Corp (SNX)
Seller: Ann F. Vezina (Non-Executive Director)
Shares Sold: 1,937 (-25.4%)
Price: USD 121.11
Total Value: USD 234,590

Oak Woods Acquisition Corp (OAKU)
Seller: Mizuho Securities USA LLC (Large shareholder)
Shares Sold: 74,000 (-15.2%)
Price: USD 11.18
Total Value: USD 827,320

Build-A-Bear Workshop Inc (BBW)
Seller: Sharon Price John (President and CEO)
Shares Sold: 48,325 (-10.4%)
Price: USD 35.19
Total Value: USD 1,700,484

Hurco Companies Inc (HURC)
Seller: Polar Asset Management Partners Inc. (Large shareholder)
Shares Sold: 20,363 (-2.5%)
Price: USD 21.45
Total Value: USD 436,786

Bentley Systems Inc (BSY)
Seller: Barry J. Bentley (Non-Executive Director, Large shareholder)
Shares Sold: 15,013 (-0.1%)
Price: USD 48.06
Total Value: USD 721,487


CDN Insider Purchases

York Harbour Metals Inc (YORK)
Buyer: Blair Lawrence Naughty (Director or Senior Officer of 10% Security Holder)
Shares Purchased: 567,000 (+6.1%)
Price: CAD 0.06
Total Value: CAD 31,185

Terra Balcanica Resources Corp (TERA)
Buyer: Aleksandar Miskovic (10% Security Holder, Director, Senior Officer)
Shares Purchased: 25,650 (+0.3%)
Price: CAD 0.10
Total Value: CAD 2,437

Inverite Insights Inc (INVR)
Buyer: Bradley Nixon Scharfe (10% Security Holder)
Shares Purchased: 1,100,000 (+3.3%)
Price: CAD 0.05
Total Value: CAD 55,000

Intrepid Metals Corp (INTR)
Buyer: Kenneth Engquist (Director, Senior Officer)
Shares Purchased: 20,000 (+33.3%)
Price: CAD 0.39
Total Value: CAD 7,800

First National Financial Corp (FN)
Buyer: Stephen Smith (Director, Executive Director)
Shares Purchased: 25,774 (+0.3%)
Price: CAD 38.81
Total Value: CAD 1,000,289

EnviroGold Global Ltd (NVRO)
Buyer: Harold Morton Wolkin (Director)
Shares Purchased: 500,000 (+64.2%)
Price: CAD 0.05
Total Value: CAD 25,000

CDN Insider Sales

TerraVest Industries Inc (TVK)
Seller: Charles Pellerin (10% Security Holder)
Shares Sold: 69,000 (-4.1%)
Price: CAD 102.56
Total Value: CAD 7,076,640

TerraVest Industries Inc (TVK)
Seller: Charles Pellerin (10% Security Holder)
Shares Sold: 25,000
Price: CAD 101.33
Total Value: CAD 2,533,250

Inverite Insights Inc (INVR)
Seller: Bradley Nixon Scharfe (10% Security Holder)
Shares Sold: 2,100,000 (-5.9%)
Price: CAD 0.05
Total Value: CAD 94,500

Hemostemix Inc (HEM)
Seller: Thomas Smeenk (Director)
Shares Sold: 332,500 (-100.0%)
Price: CAD 0.07
Total Value: CAD 21,613

Silvercorp Metals Inc (SVM)
Seller: Peter Lekich (Senior Officer)
Shares Sold: 1,760 (-52.8%)
Price: CAD 6.27
Total Value: CAD 11,035

Canadian Natural Resources Ltd (CNQ)
Seller: Devin Craig Lowe (Senior Officer)
Shares Sold: 3,750 (-12.6%)
Price: CAD 49.04
Total Value: CAD 183,900


Significant Institutional Transactions: Weekly Overview

Over the past week, several significant institutional transactions have occurred, highlighting key movements in various companies. Notably, Parallax Volatility Advisers LP, led by Daniel Hutchison, reported ownership of 55.96 million shares of MMNFF, representing a 3.90% stake. Millennium Management LLC, under Israel Englander, made moves in multiple stocks, including ACRS with 3.01 million shares (4.20% ownership) and ACET with 1.96 million shares (2.40% ownership). Saba Capital Management LP, led by Boaz Weinstein, also made significant acquisitions, such as 4.37 million shares of NMAI (13.08% ownership) and 5.47 million shares of GDV (6.09% ownership).

Additionally, notable transactions include Biotechnology Value Fund LP’s Mark Lampert acquiring 19.75 million shares of MLTX, securing a 31.40% stake. Masters Capital Management, led by Michael Masters, took a position in VERO with 168,229 shares (2.30% ownership), while Tang Capital Management LLC’s Kevin Tang invested heavily in KZR, holding 7.2 million shares (9.90% ownership). Finally, Oaktree Capital Group Holdings GP LLC, led by Howard Marks, now holds 42.42% ownership in TRMD with 40.58 million shares. These transactions indicate significant institutional interest across various sectors, particularly in biotech and technology.


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!

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