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Westrock Company ( $WRK ) is showing some interesting call activity primarily being motivated by the 15 DEC 23 $37.50C.
Volume is 5,174 compared to an Open Interest of 120.
https://www.advfn.com/stock-market/NYSE/WRK/options?expiry=20231215&strikes=10
This would imply new positions and using Options Flow, all the Call’s purchased today were bought at the ask price which to me, suggests Bullish intent.
https://www.advfn.com/tools/options-flow?symbols=WRK
After looking, their QTR earnings is scheduled prior to Thursday’s market open. This could explain the high volume today.
Staying on the sidelines for this one but I will def be putting this on my watchlist.
Happy Hunting Everyone!
Flow Update - October 2 - Chips & $AKRO
Flow has been yelling for days about $NVDA. I ignored it. See today's action... 🚀
$AKRO is one worth noting. That's a $1M single-leg trade way OTM. This is a pharma stock so I'm guessing they've got a binary catalyst event coming up and somebody is betting it's favorable. I will look this up tonight and see what it's about. Never hold through binary events, but I'm up for a pre-data ride.
Interesting… PacWest Bancorp $PACW on the 27 OCT 23 $6.50P.
Volume on this contract is 5,397 versus open interest of 7.
After more investigation, $PACW is tentatively marked to report Q3 earnings on 26 OCT 23 after closing bell. Positioning of this size tells me that someone is trying to capitalize on the Earnings.
Staying away for now for me but still interesting. Still rolling with my $MET (which is stinky right now) and my $ABBV.
https://www.advfn.com/stock-market/NASDAQ/PACW/options?expiry=20231027&strikes=10
Flow Update - September 25 - $ULTA $TSLA
$TSLA flow looking for a pre-earnings run. It did it last time, why not again?
$ULTA - what is this one? This is unusual. $15 OTM, almost $500k trade on a boring retail stock. Chart has been whipped. RSI is almost oversold on the weekly. This is worth taking a ride, probably. Let's mark it @ 4.60 https://ih.advfn.com/options/NASDAQ/ULTA/ULTA231020C00415000/quote
What is going on with $TSLA?
Down 3.4% but the 29 SEPT 23 260C.... Volume vs OI is crazy high... 44,300 vs 6,183
Very small B/A ... Are we expecting a pop? with a Government shutdown looming. Trying to figure this out.
September 21 - Flow Update - $GOOGL
It's been quiet on Flow while market getting pounded last two days following JPow. End of day, some nice Flow came in on GOOGL. The handy alert was dinging, so I saw it, but didn't make a move on it. I'm interested in these Octobers for sure - no doubt they'll have another AI announcement by then.
Adding to the $CVS insight, up ~1.13% today after Evercore ISI upgraded "Outperform" from "In-Line"
Increased their price target to $83.00 from $81.00.
Then I look at options flow and see this… A ton of Call options at Bid…
What is going on here $CVS???
$ABBV Update:
Very Happy about this. Once I started learning the Option Flow, I took a 19 JAN 24 150C Position at $4.90 on 09/06/2023.
Today, 09/18/2023, the B/A $9.20/$9.35.
The OI right now is about 22x higher than the Volume. This may indicate a market in consolidation and or the market is prepping to break out in either direction.
Still riding this wave as of now.
Don’t forget it's flu season lol.
WestRock Company $WRK has some odd Call Volume vs OI activity today.
20 OCT 23 $40.00C is the position I noticed. Volume on this contract is 5,664 vs. OI 82.
With a very low B/A $0.35/$0.40, this suggests to me a bullish intent.
Westrock is America’s 2nd largest packaging company.
I would have expected a longer time frame buy with the holidays around the corner, so for now just keeping my eye on this one.
I am taking a postion today on MetLife, $MET. At time of posting the stock is pricing at $65.94, almost a 6 month high.
$MET was upgraded from a Hold to Buy rating and has a price target of $72.00 from $58.00
B +5 $MAT 17 NOV 23 $67.50C @ $1.65
B/A. $1.65/$1.75
Volume and OI are on Calls are massively outnumbering Puts.
Now I wont mind all those Insurance TV ads lol.
Hold on.
"Decongestant found in many cold, allergy medicines doesn’t actually work, FDA advisors say" - CNBC
"In a unanimous vote, advisors said oral versions of phenylephrine – found in versions of drugs like Nyquil, Benadryl, Sudafed and Mucinex – aren’t effective."
This could have a massive impact on $PG and $JNJ stock.
At time of posting, $PG is down 1.76% but $JNJ up .52%
Wow lots of money being tossed around really quickly yesterday
Well... Hello there my bearish friend...
Odd put activity in Yum Brands Inc. $YUM which is up 1% as of this post...
OI on Calls vs Puts is 33 to 441 on the 15 SEPT 23 Position.
The massive Put buy was a 1,000 contract block purchased at ASK price.
One can assume this is a bearish position based on a Put @ Ask.
Not taking any position on this but just some usual put activity.
I love this tool lol. So much fun, for me.
https://www.advfn.com/options/live-options-flow?symbols=YUM
Flow Update - September 11 - $NVDA, $CVS
$NVDA looks to be setting up for a 10-15 point gamma squeeze by Friday based on the layering being done here (instead of wildly OTM).
$CVS nice one right at the buzzer. Looking at the chart for a reason, looks like a bottom is in. This should be a good one for next few weeks from here.
Just a heads up... Research to come but... Good to know...
Crinetics Pharmaceuticals Inc. $CRNX is up BIG today
The Pharm Company stated that, Paltusotine, its experimental treatment for rare hormonal disorder called Acromegaly succeeded in a late-stage trial.
Sunday, Crinetics stated 83% of patients treated with paltusotine had the ability maintain growth-factor levels vs the opposite end, 4% of patients receiving the placebo.
Another late-stage trial will be conducted in 2024 Q1, the company said that it intends to submit an application to seek approval for paltusotine from the FDA next year.
OI on CvP's. wow.
https://www.advfn.com/stock-market/NASDAQ/CRNX/options?expiry=20231020&strikes=50
Whoa… Found this little nugget…
Vale S.A. $VALE:
• 06 OCT 23 $14.00C … Volume is 21,936 vs. OI of 2,625.
• 06 OCT 23 $15.00… Volume 18,562 vs. OI of 143.
Very high discrepancy with the V/OI ratio. Gut feeling the expected price to be around... $14.30???
Looking into:
https://www.advfn.com/stock-market/NYSE/VALE/options?expiry=20231006&strikes=10
Update on $ABBV
So far so good.. $ABBV price up to ~$149 and the B/A $6.75//$6.90. The OI on the Calls to Puts is about 1.5/1 from an original 5/1 at purchase.
With the spread widening a little bit and the ratio of OI lowering, If I were to pull out now... It would be an approximate 38% profit.
Still gonna stay on the rollercoaster for now but ready to pull the zip line in necessary.
https://www.advfn.com/stock-market/NYSE/ABBV/options?expiry=20240119&strikes=10
September 7 - Flow Update $AAPL
There hasn't been much to see yesterday and today. The only one that stands out is AAPL. These flagged trades are actually not too significant in the context of AAPL, BUT they are a trade that's right on. China news has hit AAPL pretty hard in the last few days, at one point pushing AAPL down about 4% at the open. I mentioned to a trading friend in premarket that it will end up being an overreaction (for now at least) and when it bounces, it'll pull the whole market up with it. You actually saw this play out today - from about 9:45am, after AAPL put the bottom in, the market started to levitate (we opened up -1.3% and closed -0.70%, which on QQQ is significant)
So these trades here I think will do well. End of month and $10 OTM. They don't need to, nor likely they will hold that long, but could easily capture a few point bounce in the next few days -- just like we saw today on it from 173 to 178. That's a mighty move in options and AAPL options are not expensive.
Wow $AMC getting hammered today. Decided just to take a little look see at the options flow...
~$1 Million Premium Position Put to Bid & ~$576k Premium Position Put to Bid. I figured there would be some big premiums today.
Put to Bid's, this would suggest this investor has a Bullish sentiment on $AMC
Another earnings report stock people are talking about all over is $DOCU
Earnings on Thursday.
Options Flow tracking found this little gem...
EPS forecast for the quarter is $0.11. Again, just a forecast.
Just curious what your thought is on this? Does the buyer think there will be a pop then a swift sell off?
Sept 5 - Flow Update $GTLB
The flow continues for GTLB. I will not be trading it since it's earnings-related, but there's some high confidence this one is going to beat expectations + guidance based on these trades. Let's see how it plays out. 🍿
Sept 1 - Flow Update - $NVDA & $GTLB
It's like a broken record at this point, but NVDA flow continues. The circled trade actually looks pretty sensible. 520c for 10/6. I can see that. I'm looking for a QQQ dip first though.
GTLB has earnings next week. This one stood out to me because of how far OTM it is. Might be worth a trade. Let's mark it at 49.24 and the option at 1.25 and just see what happens as a papertrade. No matter what, out before ER.
August 29 - Flow Update
$NVDA flow ever since ER didn't lie. Look at the impressive action today. 🚀 New closing ATH.
I don't see any unusual trades today, but I do see a reminder of $GOOGL which I like a lot and have since 116. It's the laggard of the Magnificent 7 and is going to be out there in front with AI. Some bullish flow on it today, but I think it's good to do long-term options or equity on GOOGL. Currently $134. Not to mention they own the Internet!
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