Unusual Options Activity Fri 1/12/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• ALT Jan 11.5 calls are seeing interest with the underlying stock up 4% (volume: 2100, open int: 1000, implied vol: ~236%, prev day implied vol: 158%). Co is expected to report earnings mid-February.
• TSM Jan 103 calls (volume: 16.1K, open int: 500, implied vol: ~45%, prev day implied vol: 27%). 1200 contracts traded in a single transaction. Co is confirmed to report earnings January 18 before the open.
• WW Feb 6.5 calls are seeing interest with the underlying stock down 5% (volume: 8570, open int: 20, implied vol: ~107%, prev day implied vol: 96%). NY Times reported that there is no evidence that weight loss drugs cause suicidal thoughts. Co is expected to report earnings late February.
• ARDX Feb 11 calls (volume: 2960, open int: 10, implied vol: ~78%, prev day implied vol: 74%). Co is expected to report earnings early March.
  

Bearish Put Activity:

• QCOM Jan 141 puts (volume: 1620, open int: 10, implied vol: ~47%, prev day implied vol: 31%). Co is confirmed to report earnings January 31 after the close.
• IOT Feb 31 puts (volume: 3230, open int: 0, implied vol: ~54%, prev day implied vol: 50%). Co is expected to report earnings late February.
  

Sentiment: The CBOE Put/Call ratio is currently: 1.04, VIX: (12.70, +0.26, +2.1%).
January 19 is options expiration -- the last day to trade January equity options.

Unusual Options Activity Thur 12/7/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• HPQ Dec 29.5 calls (volume: 16.3K, open int: 40, implied vol: ~35%, prev day implied vol: 22%). Co is expected to report earnings late February,
• DDOG Dec 117 calls (volume: 4120, open int: 230, implied vol: ~49%, prev day implied vol: 44%). Stifel upgraded to Buy. Co is expected to report earnings mid-February,
• INGN Jan24 7.5 calls (volume: 2670, open int: 0, implied vol: ~35%, prev day implied vol: 31%). Co is expected to report earnings late February.
  

Bearish Put Activity:

• COIN Dec 130 puts (volume: 3140, open int: 9760, implied vol: ~100%, prev day implied vol: 88%). Co is expected to report earnings late February.
• TSM Dec 96 puts (volume: 2220, open int: 4030, implied vol: ~42%, prev day implied vol: 31%). 1750 contracts traded in a single transaction. Co is expected to report earnings mid-January.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.89, VIX: (13.01, +0.04, +0.3%).
December 15 is options expiration -- the last day to trade December equity options.

Third Point (Dan Loeb) discloses updated portfolio positions in 13F filing

New AMZN OPCH FIS UBER TSM ICE positions, Exited CL NATI

Highlights from Q2 2023 filing as compared to Q1 2023:

• New positions in: AMZN (~4.1 mln shares), OPCH (~3.5 mln), FIS (~0.3 mln), UBER (~2.78 mln), TSM (~2.45 mln), ICE (~1.85 mln), ATVI (~1.65 mln), HZNP (~0.5 mln), NVDA (~0.5 mln), BKI (~0.46 mln)
• Increased positions in: BABA (to ~2.95 mln shares from ~1.33 mln shares), DEN (to ~1.68 mln from ~0.25 mln), VST (to ~3.32 mln from ~2.12 mln), J (to ~1.35 mln from ~0.19 mln), HTZ (to ~7.32 mln from ~6.35 mln), DD (to ~4.6 mln from ~4 mln), MSFT (to ~1.52 mln from ~1.05 mln) MU (to ~1.55 mln from ~1.2 mln), AMD (to ~1.2 mln from ~1 mln) IFF (to ~2.65 mln from ~2.55 mln)
• Maintained positions in: BBWI (~13.85 mln shares), AIG (~2.95 mln shares), FERG (~1.28 mln shares)
• Closed positions in: CL (from ~11.05 mln shares) NATI (from ~2 mln), NPWR (from ~1.5 mln), TECK (from ~1.15 mln), CTLT (from ~0.2 mln), HCNE (from ~0.99 mln), CRM (from ~0.8 mln), UNH (from ~0.34 mln)
• Decreased positions in: PCG (to ~54 mln shares from ~59.25 mln shares), GOOGL (to ~1.43 mln from ~4.75 mln), HCA (to ~0.6 mln from ~0.86 mln), EGGF (to ~0.95 mln from ~1.1 mln), DHR (to ~2.6 mln from ~2.75 mln)

==Taiwan Semi (TSM) reported earnings on Thur 13 Jan 22 (b/o)

• Taiwan Semi makes chips for fabless semiconductor firms such as Apple (AAPL), AMD (AMD), Nvidia (NVDA) and Qualcomm (QCOM). 
• Taiwan Semi plans to spend $40 billion to $44 billion in 2022 to expand and upgrade its production capacity amid a global chip shortage. In 2021, it spent $30.04 billion on capital expenditures.

Taiwan Semiconductor Manufacturing Thursday reported a 16.4% jump in net profit for the last quarter of 2021, on a sales jump of 21.2% from the same quarter of 2020.

Revenue at the world’s largest contract chip maker (ticker: TSM), and a major supplier of Apple (AAPL) or Qualcomm (QCOM), was boosted by enormous demand for the company’s chips, on the back of increased use of smartphones, home computers, and other technological gadgets during the Covid-19 pandemic.

===Taiwan Semi (TSM) reported earnings on Thur 14 Oct 21 (b/o)

 

Taiwan Semi beats by NT$0.25, reports revs in-line; guides Q4 revs above consensus 

• Reports Q3 (Sep) earnings of NT$6.03 per share, NT$0.25 better than the S&P Capital IQ Consensus of NT$5.78; revenues rose 16.3% year/year to NT$414.67 bln vs the NT$413.47 bln S&P Capital IQ Consensus.
• Co issues upside guidance for Q4, sees Q4 revs of $15.4-15.7 bln vs. $15.27 bln S&P Capital IQ Consensus.
  • Gross profit margin is expected to be between 51% and 53%;
  • Operating profit margin is expected to be between 39% and 41%.

Earnings this week : Oct 11 - 15, 21 (wk 41)

The Q3 earnings season begins this week.

Monday (Oct 11)

•  none

Tuesday (Oct 12)

• Morning: AZZ FAST
• Afternoon:  PNFP SGH

Wednesday (Oct 13)

• Morning:  BLK DAL FRC JPM

Thursday (Oct 14)

• Morning: BAC C CMC DPZ MS PGR TSM USB UNH WBA WFC
• Afternoon:  AA DCT WAFD

Friday (Oct 15)  

• Morning:  BMI GS JBHT PNC PLD SXT TFC

TSMC's market value surges beyond Intel, Nvidia combined

Taiwan Semiconductor Manufacturing Corp. has left its biggest Silicon Valley-based rivals far behind by one indicator: market value. The world’s largest contract producer of chips was valued at $661.5 billion at Thursday’s U.S. close, according to data compiled by Bloomberg. TSMC surpassed the total value of the two largest U.S. chip companies, Intel Corp. and Nvidia Inc., by $89.8 billion after disclosing plans for a surge in capital spending this year. TSMC exceeded their combined value for the first time only 5 1/2 weeks earlier, on Dec. 7.

=Taiwan Semi (TSM) reported earnings on Thur 19 July 2018 (b/o)

Taiwan Semi beats by $0.04, beats on revs; guides Q3 revs below consensus 

• Reports Q2 (Jun) earnings of $2.79 per share, $0.04 better than the Capital IQ Consensus of $2.75; revenues rose 9.1% year/year to $233.28 bln vs the $230.77 bln Capital IQ Consensus.
  • Gross margin for the quarter was 47.8%, operating margin was 36.2%, and net profit margin was 31.0%.
• Co issues downside guidance for Q3, sees Q3 revs of $8.45-8.55 bln vs. $8.56 bln Capital IQ Consensus Estimate.
  • Gross profit margin is expected to be between 48% and 50%;
  • Operating profit margin is expected to be between 36.5% and 38.5%.

Earnings this week : July 16 - 20, 18 (wk 29)

Earnings expected this week

Monday (July 16)

• Morning: BAC, BLK, JBHT
• Afternoon: NFLX

Tuesday (July 17)

• Morning: UNH, JNJ, GS, PGR, OMC, SCHW, CMA, PLD, FHN, NSM, NEOG
• Afternoon: UAL, CSX, FNF, IBKR, WTFC, HWC, MLNX, PNFP, FULT, MRTN, HOPE, RNST, ADTN, LTXB

Wednesday (July 18)

• Morning: ERIC, NVS, MS, ABT, USB, TXT, GWW, ASML, NTRS, MTB, OACW, MTG, WAFD
• Afternoon: IBM, AXP, AA, KMI, CCK, EBAY, URI, CP, CCI, UFPI, PLXS, PTC, UMPQ, LHO, TCBI, SLG, BXS, RECN, CATY, NDLS, BMI, CNS, CVBF, EGBN, TBK, DWCH

Thursday (July 19)

• Morning: ABB, ADS, BBT, BX, BK, GTLS, DHR, DPZ, DOV, EWBC, FITB, GATX, GPC, HOMB, IIIN, KEY, NUE, PM, POOL, PPG, RCI, RPM, SASR, SAP, SCHL, SBNY, SNA, SON, TSM, TTS, TRV, UNP, WBC, WBS, WNS
• Afternoon: MSFT, COF, CE, CTAS, SKX, SWKS, ISRG, ETFC, SEIC, PBCT, ASB, NWE, WAL, MBFI, FFBC, BDN, FFIN, EXPO, EGP, LLNW

Friday (July 20)

• Morning: GE, HON, SLB, MAN, BHGE, SWK, STT, STI, CFG, RF, KSU, CLF, GNTX, IBKC, SXT, VFC

-=Taiwan Semi (TSM) reported earnings on Thur 19 Apr 2018 (b/o)

Taiwan Semi misses by $0.02, misses on revs; guides Q2 revs below consensus 

• Reports Q1 (Mar) earnings of $3.46 per share, $0.02 worse than the Capital IQ Consensus of $3.48; revenues rose 6.1% year/year to $248.08 bln vs the $250.89 bln Capital IQ Consensus.
  • In US dollars, first quarter revenue was $8.46 billion, which decreased 8.2% from the previous quarter but increased 12.7% year-over-year.
  • Gross margin for the quarter was 50.3%, operating margin was 39%, and net profit margin was 36.2%.
  • In the first quarter, shipments of 10-nanometer accounted for 19% of total wafer revenue; 16/20-nanometer process technology accounted for 22% of total wafer revenue; and advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 61% of total wafer revenue.
• Co issues downside guidance for Q2, sees Q2 revs of $7.8-7.9 bln vs. $8.79 bln Capital IQ Consensus Estimate.
  • Additional outlook metrics
    • Gross profit margin is expected to be between 47% and 49%;
    • Operating profit margin is expected to be between 35% and 37%.
    • The management raised expectations of 2018 capital budget to be between $11.5-$12 billion, compared to prior outlook of capital budget to be between $10.5-$11 billion

Earnings this week April 16 - 20, 2018 (wk 16)

Look for the following companies to report:

Wed 4/18) after the close 

• AA, AXP, BXS, CATY, CCI, CCK, CNS, CP, CVBF, EGBN, KMI, PIR, PTC, SLG, SNBR, STLD, TBK, TCBI, TMK, UFPI, UMPQ, URI, VMI
• Tomorrow (Thur 4/19) before the open:  ABB, ADS, BBT, BK, BX, DGX, DHR, EWBC, GATX, GPC, GTLS, GWW, HOMB, KEY, MDSO, NUE, NVR, NVS, PBCT, PM, PNR, POOL, PPG, SASR, SBNY, SNA, SON, SYNT, TSM, TTS, WBC, WBS

-=Taiwan Semi (TSM) reported earnings on Thur 18 Jan 2017 (b/o)

Taiwan Semi beats by NT$0.08, reports revs in-line; guides Q1 revs below consensus

• Reports Q4 (Dec) earnings of NT$3.83 per share, $0.08 better than the Capital IQ Consensus of $3.75; revenues rose 5.8% year/year to NT$277.57 bln vs the NT$277.72 bln Capital IQ Consensus.
  • Gross margin for the quarter was 50.0%, operating margin was 39.2%, and net profit margin was 35.8%.
  • In the fourth quarter, shipments of 10-nanometer accounted for 25% of total wafer revenue; 16/20-nanometer process technology accounted for 20% of total wafer revenue; and advanced technologies, defined as 28-nanometer and more advanced technologies, accounted for 63% of total wafer revenue.
• Co issues downside guidance for Q1, sees Q1 revs of $8.4-8.5 bln vs. $8.83 bln Capital IQ Consensus Estimate.