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GOLD

A significant amount of unusual options activity has been observed for Barrick Gold (NYSE:GOLD), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% bullish. The total amount for the 3 puts was $124,308 and for the 12 calls was $648,000. Whales have been targeting a price range from $13.0 to $17.0 for Barrick Gold over the last 3 months. The price of GOLD is currently down -0.69% at $15.12. UBS, BMO Capital, and Jefferies have maintained their Buy, Outperform, and Hold ratings respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:22 pm

MRNA

A significant bearish stance has been taken on Moderna (NASDAQ:MRNA) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $79.0 to $150.0 for Moderna over the last 3 months. Argus Research maintains their Buy rating on Moderna, with a price target of $140.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:22 pm

ABT

A significant amount of unusual options activity has been detected for Abbott Laboratories (NYSE:ABT), with an equal split between bullish and bearish expectations. The trades include 5 puts totaling $353,531 and 5 calls totaling $347,449. Whales have been targeting a price range from $75.0 to $95.0 for Abbott Laboratories over the last 3 months. The price of ABT is currently up 0.18% at $92.3.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:03 pm

MS

A significant amount of unusual options activity has been detected for Morgan Stanley (NYSE:MS), with a bearish stance being taken by a majority of investors. The trades have targeted a price range from $77.5 to $85.0 for Morgan Stanley over the last 3 months. The current price of MS is $78.98, up 0.1%. Analysts from JP Morgan and Oppenheimer maintain positive ratings on Morgan Stanley, while RBC Capital and UBS have downgraded their ratings.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:03 pm

ETHUSD

On Wednesday, 1,695.49 Ether (ETH) worth $2,589,907 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:00 pm

VMW

A significant bullish stance has been taken on VMware (NYSE:VMW) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $132.6 to $250.0 for VMware over the last 3 months. The price of VMW is currently up 0.54% at $172.4.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:47 pm

AAPL

AMD

CRM

ENPH

LRCX

MSFT

NVDA

PLTR

SNOW

U

Benzinga's options activity scanner has identified unusual trading activity in 10 Information Technology stocks. The stocks include NVDA, AAPL, MSFT, AMD, PLTR, SNOW, LRCX, ENPH, CRM, and U. The scanner tracks large transactions, often made by entities with significant funds, which can indicate potential trading opportunities. The report details the type of option (put or call), the trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

EIS

SPY

USO

A source familiar with the matter has revealed that Deputy Treasury Secretary Wally Adeyemo told House Democrats that the US has a quiet agreement with Qatar not to move any of the $6B in unfrozen money to Iran.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:27 pm

BTCUSD

Bitcoin's long-term balances as a percentage of the total supply have reached their highest levels since 2010, according to David Puell, an On-chain researcher at ARK Invest. Puell also noted a significant divergence between the gasoline futures price and the spot WTI crude oil price, hinting at potential decreased gas prices. However, he pointed out concerns related to the U.S. Leading Economic Index (LEI), which has been signaling potential recessionary trends.

Portfolio Pulse from Murtuza Merchant

October 12, 2023 | 5:20 pm