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MPC

A significant bearish stance has been observed in Marathon Petroleum's (NYSE:MPC) options trading. Out of 12 unusual trades, 91% were bearish. The total amount for puts was $295,863 and for calls, $157,134. Whales have been targeting a price range from $125.0 to $165.0 for Marathon Petroleum over the last 3 months. The current price of MPC is $153.68, up 1.01%. Analysts from Raymond James, B of A Securities, Wells Fargo, and Mizuho have maintained their ratings on Marathon Petroleum.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:33 pm

SPY

The market-on-close imbalance is leaning towards the sell-side with $597M. This could potentially impact the overall market sentiment and possibly the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:31 pm

BTCUSD

Data from Glassnode indicates that Bitcoin (CRYPTO: BTC) holders are at an all-time low levels while the percentage of inactive Bitcoin supply is at all-time highs. Bitcoin analytics from CoinMarketCap showed an estimated 69% of addresses have held the crypto for more than a year. Bitcoin outflows from exchanges have declined from July 2021 levels with just over 2 million Bitcoin remaining on exchanges. Binance and Coinbase Pro reported outflows of 21,645 and 3,612 Bitcoin respectively in the past 30 days, while OKX saw a significant inflow of 4,630 Bitcoin in the same period. Bitcoin prices peaked at $27,000 this week, marking the highest transaction volume in almost two years.

Portfolio Pulse from Khyathi Dalal

September 20, 2023 | 7:19 pm

TTD

A significant bearish stance has been taken on Trade Desk (NASDAQ:TTD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $60.0 to $85.0 for Trade Desk over the last 3 months. The price of TTD is currently up 0.13% at $79.16.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:18 pm

SCHW

A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 53% of investors opening trades with bearish expectations. The whales have been targeting a price range from $40.0 to $65.0 for Charles Schwab over the last 3 months. Barclays and Raymond James have maintained their Equal-Weight and Outperform ratings on Charles Schwab, respectively, with price targets of $64 and $72.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:18 pm

SPY

Federal Reserve Chair Jerome Powell has noted that inflation in housing services, particularly rents, is showing signs of easing.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:16 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Federal Reserve tends to overlook short-term fluctuations in energy prices. He also mentioned that the increase in long-term yields is primarily due to growth and the supply of Treasuries, rather than inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:14 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the last three readings of inflation have been very good, indicating a positive economic outlook. However, he also noted that more than three good readings are needed for a comprehensive assessment.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:07 pm

SPY

Federal Reserve Chair Jerome Powell has stated that economic forecasts are highly uncertain. However, he noted that growth has been stronger than expected, which may necessitate higher interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:06 pm

USO

Saudi Arabia has reduced the premium on its oil to $3.50 per barrel, a significant decrease from around $10 in the past year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:03 pm