As part of my algo collection I also scan derivatives trades, in order to find unusual patterns and early indicators. This is the list of single trades by size from 08.12.2020. Such lists can prove useful when searching for active instruments when looking to increase exposure or leverage. The three stocks highlighted in the headline are from the Swiss Small & Mid Cap space I focus most attention on.

Small & Mid Cap + Foreign Shares Warrant Trades CHF >25’000.-

Symbol	Underlying	Price	Volume	Turnover	Issuer
WTSANV	Tesla Inc.	0.67	150’000	100’500	Bank Vontobel
TSXNJB	Tesla Inc.	0.37	200’000	74’000	Bank Julius Bär
WUSABV	Devisen USD/CHF	0.71	100’000	71’000	Bank Vontobel
BABIJB	Alibaba Group Hldg.	0.68	100’000	68’000	Bank Julius Bär
VIFKJB	Vifor Pharma AG	0.45	150’000	67’500	Bank Julius Bär
ASCBJB	Ascom Hldg. AG	0.616	100’000	61’600	Bank Julius Bär
BAPUJB	Baloise N	0.39	150’000	58’500	Bank Julius Bär
BKWOJB	BKW AG	0.76	75’000	57’000	Bank Julius Bär
TEMAQZ	Temenos AG	0.25	225’000	56’250	Zürcher Kantonalbank
VOWJJB	Volkswagen AG (Vz)	0.36	150’000	54’000	Bank Julius Bär
LOGGJB	Logitech International SA	0.99	53’000	52’470	Bank Julius Bär
BAPUJB	Baloise N	0.34	150’000	51’000	Bank Julius Bär
SANLJB	Sanofi S.A.	0.1	500’000	50’000	Bank Julius Bär
SANLJB	Sanofi S.A.	0.1	500’000	50’000	Bank Julius Bär
SANLJB	Sanofi S.A.	0.1	500’000	50’000	Bank Julius Bär
SANLJB	Sanofi S.A.	0.1	500’000	50’000	Bank Julius Bär
TSXBJB	Tesla Inc.	0.41	120’000	49’200	Bank Julius Bär
VIFKJB	Vifor Pharma AG	0.45	100’000	45’000	Bank Julius Bär
IDIAHZ	Idorsia AG	0.11	400’000	44’000	Zürcher Kantonalbank
WTSE8V	Tesla Inc.	0.145	300’000	43’500	Bank Vontobel
BABIJB	Alibaba Group Hldg.	0.68	50’000	34’000	Bank Julius Bär
WAMCNV	AMS AG	0.29	115’000	33’350	Bank Vontobel
BOZOJB	Bobst Group S.A.	0.329	100’000	32’900	Bank Julius Bär
APLWJU	Apple Inc.	0.94	35’000	32’900	UBS
BOZOJB	Bobst Group S.A.	0.325	100’000	32’500	Bank Julius Bär
TSLVJB	Tesla Inc.	1.61	20’000	32’200	Bank Julius Bär
WAMCNV	AMS AG	0.32	100’000	32’000	Bank Vontobel
AMGSWU	AMS AG	0.63	46’500	29’295	UBS
WAMCNV	AMS AG	0.29	100’000	29’000	Bank Vontobel
BIDJJB	Baidu Inc.	0.29	100’000	29’000	Bank Julius Bär
ROXNJB	Zur Rose Group AG	0.56	50’000	28’000	Bank Julius Bär
ROXNJB	Zur Rose Group AG	0.52	50’000	26’000	Bank Julius Bär
WAMBLV	AMS AG	0.26	100’000	26’000	Bank Vontobel
VIFKJB	Vifor Pharma AG	0.43	60’000	25’800	Bank Julius Bär

On the topic of Tesla, you should read GMO comments:

Tesla has risen some 800% since the fall of 2019 on the back of 17% growth in vehicles sold. It now has a greater market cap than the sum of all the other U.S. automakers, all the European automakers, and all the Korean automakers, with Honda, Mazda, and Nissan thrown in for good measure. That collection of companies sold approximately 100 times as many cars as Tesla did in 2019. But Tesla isn’t the craziest thing that happened this year, and that is true even if we restrict ourselves to looking only at electric vehicle companies named after Nikola Tesla. This spring a wouldbe Tesla called Nikola went public via a reverse merger with a SPAC9 at a valuation of $3 billion. In the 2020 EV frenzy, it rose 10-fold to a market cap of about $30 billion. This company is a rare bird in the stock market, a pre-revenue manufacturing company. In fact, Nikola is not only pre-revenue, having never sold any vehicles it has produced, it has also never produced a vehicle. Further, it has not even built the factory in which it aspires to build the trucks that it has yet to sell. This summer, a report came out detailing allegations that almost all of the claims of Nikola’s Elon Musk wannabe founder over the few years of its existence were lies. That founder, Trevor Milton, was forced to resign and the company has yet to meaningfully refute any of the claims made in the report. The stock duly fell, but even after information came out showing that pretty much everything the company has claimed to accomplish in its history was a lie, it still has a market cap more than three times its value at its public debut less than a year ago – a valuation that was presumably predicated on the company’s claims actually being true. 

And on Nikola you should read Hindenburg Research reporting, which is partly being referenced by GMO.

Large Cap Warrant Trades CHF >30’000.-

Symbol	Underlying	Price	Volume	Turnover	Issuer
SREVJB	Swiss RE AG	0.48	500’000	240’000	Bank Julius Bär
WTNESU	Nestlé S.A.	0.78	200’000	156’000	UBS
WTNESU	Nestlé S.A.	0.78	200’000	156’000	UBS
WSIFVV	Sika AG	1.35	100’000	135’000	Bank Vontobel
UTNMMU	Zurich Insurance Group AG	0.86	100’000	86’000	UBS
UTNMMU	Zurich Insurance Group AG	0.86	100’000	86’000	UBS
WYROGU	Roche AG	0.84	100’000	84’000	UBS
WROBHV	Roche AG	0.23	300’000	69’000	Bank Vontobel
SLHAMZ	Swiss Life Hldg. N	0.68	100’000	68’000	Zürcher Kantonalbank
URROGU	Roche AG	0.44	150’000	66’000	UBS
WSRAQV	Swiss RE AG	0.39	140’000	54’600	Bank Vontobel
ROGUXU	Roche AG	0.25	200’000	50’000	UBS
WNES9U	Nestlé S.A.	0.48	100’000	48’000	UBS
SLHAFZ	Swiss Life Hldg. N	0.32	150’000	48’000	Zürcher Kantonalbank
WZUBYV	Zurich Insurance Group AG	0.95	50’000	47’500	Bank Vontobel
SLHAFZ	Swiss Life Hldg. N	0.31	150’000	46’500	Zürcher Kantonalbank
SLHAFZ	Swiss Life Hldg. N	0.31	150’000	46’500	Zürcher Kantonalbank
SLHAFZ	Swiss Life Hldg. N	0.31	150’000	46’500	Zürcher Kantonalbank
WROBHV	Roche AG	0.22	200’000	44’000	Bank Vontobel
WSRE6U	Swiss RE AG	0.21	200’000	42’000	UBS
URROGU	Roche AG	0.42	100’000	42’000	UBS
WROBHV	Roche AG	0.21	200’000	42’000	Bank Vontobel
WTROGU	Roche AG	0.82	50’000	41’000	UBS
WTROGU	Roche AG	0.81	50’000	40’500	UBS
UTNMMU	Zurich Insurance Group AG	0.87	46’000	40’020	UBS
URROGU	Roche AG	0.4	100’000	40’000	UBS
WJNESU	Nestlé S.A.	0.79	50’000	39’500	UBS
WJNESU	Nestlé S.A.	0.77	50’000	38’500	UBS
SLHAFZ	Swiss Life Hldg. N	0.25	150’000	37’500	Zürcher Kantonalbank
WLOANV	Lonza Group N	0.145	250’000	36’250	Bank Vontobel
ROGWTU	Roche AG	0.12	300’000	36’000	UBS
SLHAFZ	Swiss Life Hldg. N	0.23	150’000	34’500	Zürcher Kantonalbank
ROGCBZ	Roche AG	0.42	80’000	33’600	Zürcher Kantonalbank
ROGUMU	Roche AG	0.55	60’000	33’000	UBS
WNOC3V	Novartis AG	0.11	300’000	33’000	Bank Vontobel
LONAVZ	Lonza Group N	1.62	18’800	30’456	Zürcher Kantonalbank
CSGWPU	Credit Suisse Group AG	0.101	300’000	30’300	UBS
CSGWPU	Credit Suisse Group AG	0.101	300’000	30’300	UBS
SLHUJB	Swiss Life Hldg. N	0.43	70’000	30’100	Bank Julius Bär
ROWGZU	Roche AG	0.1	300’000	30’000	UBS

Market Share and Turnover Total Value

Questions or feedback?

Feel free to write me at contact@zuberbuehler-associates.ch or add a comment.

Charts: source SIX Swiss Exchange.