Streetbeat News

Assets

BHP

A significant bearish stance has been taken on BHP Group (NYSE:BHP) as evidenced by unusual options activity. The sentiment among big-money traders is 90% bearish, with 9 puts and 1 call spotted. The targeted price range for BHP Group over the last 3 months is from $35.0 to $55.0. The current price of BHP is up 2.57% at $57.1.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:30 pm

BTCUSD

Caitlin Long, CEO of Custodia Bank, compared the current state of the cryptocurrency industry to the tech stock bubble of 1999, stating that 99% of the industry needs to 'burn to the ground'. She criticized the regulatory approach in the US, suggesting that it has been too harsh and has stifled innovation. She also expressed concern about the high levels of leverage in the industry.

Portfolio Pulse from Jose Rodrigo Safdiye

September 22, 2023 | 7:16 pm

JPM

A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 44% bullish and 55% bearish. The whales have been targeting a price range from $135.0 to $160.0 for JPMorgan Chase over the last 3 months. The price of JPM is currently down -0.95% at $145.74. RBC Capital and HSBC have downgraded their actions on JPMorgan Chase, while Morgan Stanley maintains their Overweight rating.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:00 pm

BAC

Unusual options activity has been observed for Bank of America (NYSE:BAC), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 48 uncommon trades, with a sentiment split of 66% bullish and 33% bearish. The whales have been targeting a price range from $20.0 to $40.0 for Bank of America over the last 3 months. HSBC, Piper Sandler, and RBC Capital have given their expert opinions on the bank's stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

LEN

Lennar Corporation (NYSE:LEN) has seen unusual options activity, with a significant number of investors taking a bearish stance. Of the 21 strange trades detected, 52% were bearish and 47% bullish. The total amount for puts was $607,471 and for calls, $294,607. Whales have been targeting a price range from $110.0 to $120.0 for Lennar over the last 3 months. The current price of LEN is $113.0, down -0.12%. Analysts from BTIG, UBS, JP Morgan, Citigroup, and RBC Capital have maintained their ratings on Lennar.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

Stifel analyst Simon Yarmak reiterated a Hold rating on Hyatt Hotels Corporation (NYSE:H), lowering the price target to $115 from $119. Hyatt has transformed into an asset-lite company and aims to reduce owned and leased real estate to 20% by late 2024. The company has multiple growth levers with a quality portfolio of brands and the largest relative pipeline. Group revenue for Q2 rose by around 14% YoY, aligning closely with 2Q19 figures. However, net debt to EV of 19.8% is slightly above the industry average of 19.2%. The analyst also lowered the EPS estimates for FY23, FY24, and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 22, 2023 | 6:39 pm

ETHUSD

A total of 4,098.33 Ether (ETH) worth $6,509,827 was burned from Ethereum transactions on Thursday. This follows the Ethereum blockchain's implementation of an upgrade known as EIP-1159 in August 2021, which changed the fee model and resulted in the burning of the base fee for each transaction. The net annualized issuance rate for Ether was -3.07% yesterday. 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

September 22, 2023 | 6:00 pm

ATVI

CMCSA

CNK

DIS

GOOG

GOOGL

META

PARA

ROKU

The article reports on the options activity of nine communication services stocks in today's session. The stocks include Meta Platforms Inc. (META), Activision Blizzard Inc. (ATVI), Parametric Technology Corporation (PARA), The Walt Disney Company (DIS), Cinemark Holdings Inc. (CNK), Alphabet Inc. (GOOG and GOOGL), Comcast Corporation (CMCSA), and Roku Inc. (ROKU). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

ABNB

CVNA

CZR

MCD

NKE

OSTK

PLNT

TSLA

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Carvana (CVNA), McDonald's (MCD), Nike (NKE), Li Auto (LI), Planet Fitness (PLNT), Home Depot (HD), Overstock.com (OSTK), Airbnb (ABNB), and Caesars Entertainment (CZR). The article provides detailed information about the options activity for each stock, including the type of option (put or call), the trade type, the sentiment (bearish, bullish, or neutral), the expiration date, the strike price, the total trade price, the open interest, and the volume.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm

AAPL

AMD

CRM

DDOG

FSLR

IONQ

MSFT

NVDA

SOUN

The article reports on unusual options activity in the Information Technology sector. Ten companies are mentioned: NVDA, AAPL, AMD, SOUN, IONQ, CRM, DDOG, MSFT, FSLR, and PI. The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:35 pm