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.

Just a friendly reminder: Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.

If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.

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

Today’s options activity shows a blend of optimism and caution across sectors. Here’s a look at the standout trades shaping market sentiment:

SoFi Technologies (SOFI)
Sentiment: Bullish
Options Activity: Unusually large put option selling at the $7.50 strike price expiring in January 2025, with multiple sweeps indicating broader interest.
Total Values: Roughly $174,000 across several transactions.
Strike Price or Range of Strike Prices: $7.50
Expectations: This could indicate bullish sentiment, with large holders betting the stock will remain above $7.50 or looking to potentially acquire shares at this level if it drops.

Accenture (ACN)
Sentiment: Mixed
Options Activity: Purchased CALL and PUT contracts expiring on various dates in 2024
Total Values: Puts worth $309,950, Calls worth $417,530
Strike Price or Range of Strike Prices: $310.0 to $360.0
Expectations: Mixed sentiment suggests uncertainty, with investors hedging both upside and downside potential.

Alibaba Group Holdings (BABA)
Sentiment: Mixed
Options Activity: Purchased CALL and PUT contracts expiring on various dates in 2024
Total Values: Puts worth $2,122,564, Calls worth $5,984,584
Strike Price or Range of Strike Prices: $70.0 to $130.0
Expectations: Anticipation of price volatility, with a range-bound outlook as investors trade both sides of the market.

Alibaba (BABA)
Sentiment: Bearish
Options Activity: Sold CALL contracts expiring on 2024-11-15
Total Values: $572,825
Strike Price or Range of Strike Prices: $95.44
Expectations: Selling CALL options indicates bearish expectations, with confidence that the stock price will remain below the strike price.
Market View: Expecting limited upside in the short to mid-term.

Charles Schwab (SCHW)
Sentiment: Bearish
Options Activity: Purchased PUT contracts expiring on various dates in 2024
Total Values: Puts worth $944,461
Strike Price or Range of Strike Prices: $40.0 to $75.0
Expectations: Bears dominate with a heavy focus on further price declines.

Itaú Unibanco (ITUB)
Sentiment: Bullish
Options Activity: Bought CALL contracts expiring on 2026-01-16
Total Values: $160,000
Strike Price or Range of Strike Prices: $6.59
Expectations: The purchase of CALL contracts suggests optimism that the stock price will increase above the strike price.

Rocket Lab USA (RKLB)
Sentiment: Bearish
Options Activity: Purchased PUT contracts and sold CALL contracts expiring on various dates
Total Values: Puts worth $367,295, Calls worth $995,434
Strike Price or Range of Strike Prices: $5.0 to $15.0
Expectations: Bears hold a slight advantage, but bullish activity remains strong.

Eli Lilly (LLY)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on various dates
Total Values: Puts worth $381,441, Calls worth $1,724,773
Strike Price or Range of Strike Prices: $300.0 to $1000.0
Expectations: Positive outlook with significant bullish momentum.

XOP ETF (XOP)
Sentiment: Bearish
Options Activity: Sold CALL contracts expiring on 2024-11-15
Total Values: $583,999
Strike Price or Range of Strike Prices: $130.92
Expectations: Selling CALL options suggests a bearish sentiment, expecting the stock to remain below the strike price.

Apple (AAPL)
Sentiment: Mixed
Options Activity: Purchased PUT and CALL contracts expiring on various dates
Total Values: Puts worth $4,384,890, Calls worth $3,898,585
Strike Price or Range of Strike Prices: $150.0 to $270.0
Expectations: Mixed sentiment with both bullish and bearish positions, reflecting possible near-term volatility.

JPMorgan Chase (JPM)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on various dates in 2024
Total Values: Puts worth $429,963, Calls worth $1,022,321
Strike Price or Range of Strike Prices: $160.0 to $225.0
Expectations: Optimistic outlook with expectations of continued strength or upward momentum.

Rivian Automotive (RIVN)
Sentiment: Bearish
Options Activity: Purchased PUT contracts and sold CALL contracts expiring on various dates
Total Values: Puts worth $798,541, Calls worth $401,726
Strike Price or Range of Strike Prices: $5.0 to $14.0
Expectations: Bearish sentiment indicates expectations of continued declines in the stock.

Philip Morris Intl (PM)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on various dates in 2024 and 2025
Total Values: Puts worth $114,711, Calls worth $500,215
Strike Price or Range of Strike Prices: $70.0 to $155.0
Expectations: Investors are optimistic, betting on further upside in the stock.

Reddit (RDDT)
Sentiment: Bullish
Options Activity: Purchased CALL contracts expiring on various dates in 2024 and 2025
Total Values: Puts worth $55,160, Calls worth $471,233
Strike Price or Range of Strike Prices: $60.0 to $95.0
Expectations: Bullish sentiment with confidence in upward movement in the stock price.

Wrapping up today’s options report, we observed a mix of unusual trades, further highlighting diverse market sentiment. GE HealthCare (GEHC) saw notable repeat sweeper buying with a Put/Call ratio of 797/4,253, suggesting bullish momentum. Aurora Innovation (AUR) continued to attract strong interest, with a repeat bull sweeper and a Put/Call ratio of 3,036/22,000—showing 10x the usual volume. NextDecade (NEXT) also stood out with a Put/Call ratio of 11/2,916, signaling strong call buying interest.

Additional highlights include repeat buying in Aramark (ARMK) and unusual buying in LifeVantage (LFVN), further suggesting optimism. POET Technologies (POET) recorded heavy call volume, with a Put/Call ratio of 793/3,686, indicating a bullish outlook.

Today’s standout trades reflect a general market sentiment leaning towards optimism, particularly in sectors with repeat and unusual buying, though caution remains in place as traders hedge their positions.

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

PBF Energy Inc (PBF)
Buyer: Control Empresarial de Capitales S.A. de C.V. (Large Shareholder)
Shares Purchased: 265,000
Price: USD 31.87
Total Value: USD 8,445,391

Senior Credit Investments, LLC
Buyer: Abu Dhabi Investment Authority (Large Shareholder)
Shares Purchased: 6,778
Price: USD 1,844.16
Total Value: USD 12,499,999

Jefferies Credit Partners BDC Inc.
Buyer: Abu Dhabi Investment Authority (Large Shareholder)
Shares Purchased: 1,344,203
Price: USD 14.88
Total Value: USD 19,999,987

US Insider Sales

Diamondback Energy Inc (FANG)
Seller: Lyndal Greth (Large Shareholder)
Shares Sold: 7,578,332
Price: USD 175.11
Total Value: USD 1,327,022,771

Bank of America Corp (BAC)
Seller: Berkshire Hathaway Inc (Large Shareholder)
Shares Sold: 6,371,845
Price: USD 39.49
Total Value: USD 251,647,735

McDonald’s Corp (MCD)
Seller: Joseph M. Erlinger (President, McDonald’s USA)
Shares Sold: 1,099
Price: USD 298.57
Total Value: USD 328,128

Roivant Sciences Ltd (ROIV)
Seller: Matthew Gline (CEO)
Shares Sold: 1,983,257
Price: USD 11.79
Total Value: USD 23,382,600

CDN Insider Purchases

Glow Lifetech Corp (Ticker: Glow)
Buyer: Nova Capital Trading Ltd. (10% Security Holder)
Shares Purchased: 7,000,000
Price: CAD 0.03
Total Value: CAD 210,000

First Phosphate Corp (Ticker: PHOS)
Buyer: John Passalacqua (Executive Director, Large Shareholder)
Shares Purchased: 179,000
Price: CAD 0.27
Total Value: CAD 48,330

Ensign Energy Services Inc (Ticker: ESI)
Buyer: Fairfax Financial Holdings Limited (10% Security Holder)
Shares Purchased: 48,000
Price: CAD 2.66
Total Value: CAD 127,786

CDN Insider Sales

MDA Space Ltd.
Seller: Michael Philip Greenley (Executive Director)
Shares Sold: 175,000
Price: CAD 16.64
Total Value: CAD 2,911,633

TC Energy Corp (Ticker: TRP)
Seller: Richard Prior (Executive Director)
Shares Sold: 18,068
Price: CAD 63.00
Total Value: CAD 1,138,284

Institutional Spotlight: Stanley Druckenmiller

Stanley Druckenmiller is regarded as one of the greatest investors in modern history. With a track record of managing money for George Soros and later running his own highly successful hedge fund, Duquesne Capital, Druckenmiller is known for his macroeconomic insights and ability to anticipate major market trends. His investment philosophy focuses on capital preservation and risk management, allowing him to avoid significant losses and maximize gains. Druckenmiller’s contrarian views and strategic bets on global economic developments have made him a standout figure in the investment world, earning him legendary status.

Top Portfolio Increases This Quarter

• Coherent Corp. (COHR): 3.59 million shares valued at $0.26 million; portfolio allocation increased by 5.43%, now representing 8.92% of the portfolio.
• Vistra Corp. (VST): 2.63 million shares valued at $0.23 million; portfolio allocation increased by 3.57%, now representing 7.74% of the portfolio.
• Philip Morris International Inc. (Call) (PM): 0.96 million shares valued at $0.10 million; portfolio allocation increased by 3.35%, now representing 3.35% of the portfolio.
• Natera, Inc. (NTRA): 1.97 million shares valued at $0.21 million; portfolio allocation increased by 3.31%, now representing 7.33% of the portfolio.
• Seagate Technology Holdings plc (STX): 1.76 million shares valued at $0.18 million; portfolio allocation increased by 3.16%, now representing 6.21% of the portfolio.
• Mid-America Apartment Communities, Inc. (MAA): 0.64 million shares valued at $0.09 million; portfolio allocation increased by 3.15%, now representing 3.15% of the portfolio.
• Philip Morris International Inc. (PM): 0.89 million shares valued at $0.09 million; portfolio allocation increased by 3.09%, now representing 3.09% of the portfolio.
• Kinder Morgan, Inc. (KMI): 6.75 million shares valued at $0.13 million; portfolio allocation increased by 2.98%, now representing 4.60% of the portfolio.
• Woodward, Inc. (WWD): 0.95 million shares valued at $0.17 million; portfolio allocation increased by 2.35%, now representing 5.70% of the portfolio.
• Camden Property Trust (CPT): 0.58 million shares valued at $0.06 million; portfolio allocation increased by 2.16%, now representing 2.16% of the portfolio.
• Flutter Entertainment plc (FLUT): 192.39 million shares valued at $0.34 million; portfolio allocation increased by 2.10%, now representing 2.10% of the portfolio.
• MercadoLibre, Inc. (MELI): 1,578.70 million shares valued at $0.04 million; portfolio allocation increased by 2.06%, now representing 2.06% of the portfolio.
• GE Vernova Inc. (GEV): 158.74 million shares valued at $0.30 million; portfolio allocation increased by 1.75%, now representing 1.75% of the portfolio.
• SpringWorks Therapeutics, Inc. (SWTX): 42.09 million shares valued at $1.02 million; portfolio allocation increased by 1.32%, now representing 1.32% of the portfolio.

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

AAON, ABL, ACVA, ADMA, AESI, AEYE, AGX, AKR, ANNX, AON, APH, APO, APP, ARIS, ARQT, ASMB, ATGE, AVAV, AVGO, AY, BCO, BDSX, BKNG, BLFS, BNTC, BOOT, BROS, BV, CAAP, CACI, CBNK, CDE, CEG, CHCI, CIM, CMRE, COHR, CORZ, CRS, CURI, CVNA, DTM, DY, EDR, EE, ELUT, ELVN, ENV, EPI, FAX, FHTX, FLUT, FNKO, FTK, FXI, GAIA, GE, GGT, GLBE, HEAR, HEI, HNVR, HPF, IAUM, IBKR, IFN, INFN, IRM, ITRI, JANX, JHG, JPI, KGS, KMI, LFVN, LMB, LOAN, LRN, LUV, MCHX, MGEE, MMM, MNDY, MSGE, MTZ, MUI, NEM, NEON, NRG, NRIX, NTRA, OLED, OLLI, PCF, PFO, PIPR, PLNT, PLTR, PNTG, POWL, PRCT, PSLV, PTGX, PWSC, QTWO, RCL, RDW, REFR, RZLT, SBAC, SE, SEZL, SFM, SHCR, SHIP, SKYW, SLV, SMAR, STEP, STRL, STX, SWI, TG, THRD, TNDM, TPC, TREE, TRN, TSEM, TVTX, UGL, UI, UTHR, VERA, VHI, VRNS, VSTO, WDC, WFC, WHD, WWD, WWW, XLU, ZETA, ZVRA

Canadian Institutional Momentum Watchlist

AAUC.TO, ABX.TO, AG.TO, AGI.TO, AIM.TO, AP/UN.TO, AQN.TO, ARE.TO, ARIS.TO, ASM.TO, ATZ.TO, BDI.TO, BEPC.TO, BLX.TO, BMO.TO, BNE.TO, BNS.TO, BTO.TO, CCA.TO, CCO.TO, CEU.TO, CG.TO, CGO.TO, CGY.TO, CIGI.TO, CIX.TO, CM.TO, CPX.TO, CRDL.TO, CRR/UN.TO, CTC/A.TO, CXB.TO, DCBO.TO, DFY.TO, DML.TO, DNG.TO, DOL.TO, DPM.TO, DRM.TO, EDR.TO, EDV.TO, EFX.TO, ELD.TO, EMA.TO, EMP/A.TO, ENB.TO, ENGH.TO, EQB.TO, EXE.TO, FCR/UN.TO, FNV.TO, FRU.TO, FSV.TO, GEI.TO, GLO.TO, GRT/UN.TO, IAG.TO, IFC.TO, IGM.TO, IMG.TO, K.TO, KMP/UN.TO, KPT.TO, L.TO, LEV.TO, LUG.TO, MAG.TO, MDA.TO, MI/UN.TO, MTY.TO, NFI.TO, NGD.TO, NPI.TO, NWC.TO, NWH/UN.TO, NXR/UN.TO, ODV.V, OLA.TO, OR.TO, PAAS.TO, PBH.TO, PHX.TO, PPL.TO, PRL.TO, QBR/B.TO, QTRH.TO, RCI/B.TO, RUS.TO, SEA.TO, SES.TO, SIA.TO, SII.TO, SIL.TO, SSL.TO, SSRM.TO, SVM.TO, TA.TO, TD.TO, TFPM.TO, TRP.TO, TVE.TO, TXG.TO, WDO.TO, WPM.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!