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Morgan Stanley (NYSE:MS) has seen a balanced mix of bullish and bearish options trading activity, with significant investors targeting a price range of $70.0 to $97.5 over the next three months. The trading volume and open interest for options indicate a keen investor interest. Morgan Stanley, a global investment bank with over $4 trillion in client assets, has its stock price slightly up at $93.47, with an RSI suggesting it may be approaching overbought territory. Analysts, including one from Oppenheimer, maintain an Outperform rating with a target price of $97.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:46 pm

ERJ

LYFT

NKLA

SYM

UAL

UBER

UPS

VRT

Today's session highlighted significant options activity for industrials stocks, with notable trades for BA, LYFT, NKLA, ERJ, UPS, VRT, UAL, GE, SYM, and UBER. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This options activity could indicate market expectations and potential trading opportunities based on the sentiments expressed through these large transactions.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:35 pm

BABA

TSLA

XPEV

Today's session highlighted significant whale activity in the consumer discretionary sector, with notable options trading on stocks like TSLA, F, JD, XPEV, BABA, PDD, DASH, AAP, CVNA, and LULU. The trades varied in sentiment from bearish to bullish, involving both put and call options across various expiration dates and strike prices. This activity could indicate upcoming market movements as large investors position themselves in these stocks.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:35 pm

AAPL

AMD

BOX

CIFR

DOCN

INTC

MSFT

NVDA

PANW

TSM

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. Notable activity included bullish calls for NVDA, INTC, MSFT, AAPL, CIFR, and TSM, bearish calls for AMD and DOCN, and bullish puts for INTC, AAPL, and BOX. The activity suggests varying investor expectations for these stocks, with specific attention to strike prices and expiration dates.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:35 pm

SLB

Options market activity indicates a bullish sentiment towards Schlumberger (NYSE:SLB), with a majority of trades being bullish. The options trading volume and open interest suggest a price target range of $50.0 to $60.0. Notable options activity includes both bullish and bearish trades, with significant volumes and open interests. Schlumberger, the world's largest oilfield service firm, has seen its stock price increase by 0.29% to $54.6, with a potential overbought condition indicated by the current RSI values. An analyst from Benchmark has set a price target of $68.0, downgrading the stock to Buy.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:30 pm

GBTC

Bitcoin Cash (BCH) and Ethereum Classic (ETC) are trading lower, down 4.9% and 5% respectively, amid a broader pullback in altcoins following a decline in Bitcoin. The Grayscale Bitcoin Trust (GBTC) experienced significant outflows, indicating cautious investor sentiment.

Portfolio Pulse from Henry Khederian

March 22, 2024 | 5:26 pm

NLY

Annaly Capital Management (NYSE:NLY) has seen a 3.91% increase in short interest, now at 8.27 million shares or 1.86% of float. It would take 1.78 days to cover short positions. Despite the rise, NLY's short interest is below its peer group average of 6.81%. This increase in short interest signals a more bearish market sentiment but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:15 pm

MPLX

MPLX's (NYSE:MPLX) short interest has decreased by 13.8%, with 9.90 million shares sold short, representing 2.81% of its float. This decline in short interest could indicate a more bullish sentiment towards MPLX among traders. The company's short interest is below its peer group average of 3.60%, suggesting it is performing well compared to its peers. Short interest is a key indicator of market sentiment, and a decrease often signals increasing bullishness.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:15 pm

SPY

UNG

USO

The latest U.S. Baker Hughes report shows a decrease in oil and gas rig counts, with oil rigs down by 1 and gas rigs down by 4, bringing the total rig count to 624. This indicates a slight reduction in drilling activity in the U.S.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 5:07 pm

ANET

Deep-pocketed investors have shown a bearish sentiment towards Arista Networks (NYSE:ANET), with a notable shift in options activity. Benzinga's tracking revealed 25 extraordinary options activities, with a mix of bullish (44%) and bearish (56%) sentiments. The focus is on a price band between $95.0 and $380.0. Current trading volume is 1,014,285, with a slight price increase of 0.05% to $304.75. Analysts, including one from Goldman Sachs, maintain a Buy rating with a target price of $356.0.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:01 pm