Streetbeat News

Assets

AAL

ADP

CARR

FDX

RUN

UPS

Benzinga's options activity scanner has identified significant options activity in eight industrial stocks: AAL, FDX, CARR, ADP, UPS, GE, DE, and RUN. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:35 pm

ABNB

ACEL

FFIE

FSR

LULU

RIVN

TSLA

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), General Motors (GM), Rivian (RIVN), Faraday Future (FFIE), Wayfair (W), Airbnb (ABNB), Li Auto (LI), Accel Entertainment (ACEL), Lululemon Athletica (LULU), and Fisker (FSR). The options activity ranges from neutral to bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:35 pm

AAPL

AMD

DBX

MSFT

NET

NOW

NVDA

ORCL

The article reports on significant options activity in the Information Technology sector. Notable trades include bearish put options for AAPL and NET, bearish call options for NVDA, DBX, and AMD, and bullish call options for MSFT, U, and ORCL. There were also bearish put options for MU and bullish put options for NOW.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:35 pm

BTCUSD

Analysts have raised concerns about the potential vulnerabilities in the Bitcoin market due to leveraged long positions that lack adequate spot buying support. More than $44 million in Bitcoin futures positions were liquidated last Monday, with the spot price experiencing a swing of over $1,000. The analysis also pointed out the occurrence of several 'long squeezes' since late August, indicating a potentially over-leveraged bullish sentiment.

Portfolio Pulse from Murtuza Merchant

September 26, 2023 | 5:18 pm

CSCO

Unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The activity includes 6 puts and 6 calls, with total amounts of $249,057 and $352,810 respectively. Whales have been targeting a price range from $52.5 to $55.0 for Cisco Systems over the last 3 months. The current price of CSCO is down -1.28% at $52.8. Tigress Financial maintains a Buy rating on Cisco Systems with a price target of $76, while B of A Securities maintains a Neutral rating with a price target of $60.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:45 pm

NFLX

A significant bearish stance has been taken on Netflix (NASDAQ:NFLX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The whales have been targeting a price range from $300.0 to $665.0 for Netflix over the last 3 months. Analysts' ratings on Netflix vary, with Truist Securities and Evercore ISI Group maintaining their ratings, while Benchmark downgraded its action to Sell.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:45 pm

BUSDUSD

Certain crypto exchanges, including Bitspay, are reportedly exaggerating their daily trading volumes and operating without proper licenses. Estonia's Financial Intelligence Unit confirmed that Bitspay doesn't hold a valid license to operate in the country. Meanwhile, Binance has deregistered its Europe entities, Cyprus and U.K, and closed its Netherlands operations after failing to receive a local license. However, it has resumed operations in Belgium.

Portfolio Pulse from Khyathi Dalal

September 26, 2023 | 4:44 pm

CVX

USO

XOM

The director of California's Division of Petroleum Market Oversight (DPMO), Tai Milder, has raised concerns over rising gasoline prices in a letter to Governor Gavin Newsom. The DPMO's review of recent data revealed that some refineries failed to maintain adequate gasoline levels or import enough fuel to compensate for production shortfalls during the summer. This has contributed to the surge in prices and planned and unplanned refinery outages. The rising cost of crude oil, driven by Russia's invasion of Ukraine, has also contributed to the price increase.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 4:35 pm

A large investor has taken a bullish stance on Citigroup (NYSE:C), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 61% bullish and 38% bearish. The whales have been targeting a price range from $33.0 to $55.0 for Citigroup over the last 3 months. RBC Capital, Piper Sandler, and Oppenheimer maintain their positive ratings on Citigroup, while HSBC downgraded its action to Hold.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:31 pm

PDD

A significant bullish stance has been taken on PDD Holdings (NASDAQ:PDD) by an unknown entity, possibly an institution or a wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $80.0 to $105.0 for PDD Holdings over the last 3 months. Several financial institutions have maintained their positive ratings on PDD Holdings with price targets ranging from $112 to $129.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:31 pm