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The article discusses the importance of momentum in stock trading, highlighting its role in determining the best short or long term option trades. Stocks like Tesla, Microsoft, and NVIDIA show strong momentum in both directions, allowing option buyers to take advantage of the leverage offered in buying calls and puts.

Portfolio Pulse from Bob Lang

May 22, 2023 | 2:30 pm

CTRA

Coterra Energy (CTRA) sees a significant volume of June 16 $28 call options being bought near the ask price, with 4,537 contracts at $0.168, compared to an open interest of 783. The stock is currently trading at $25.87.

Portfolio Pulse from Charles Gross

May 22, 2023 | 2:30 pm

F

Ford's CFO announced that the company's capital spending will increase to $10B-$11B in 2024, up from the current $7B-$8B range.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:29 pm

JD

A large investor has taken a bullish stance on JD.com (NASDAQ:JD), with 18 uncommon options trades spotted, split between 50% bullish and 50% bearish. Whales have been targeting a price range of $25.0 to $62.5 for JD.com over the last 3 months. The stock is currently up 3.65% at $36.34.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 2:19 pm

BKNG

A whale has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 75% of detected unusual options trades being bearish. The total amount for puts is $792,347, while calls amount to $95,450. Analysts maintain Overweight and Buy ratings with price targets ranging from $2750 to $3000.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 2:19 pm

IRWD

VECT

Ironwood Pharmaceuticals has agreed to acquire VectivBio Holding for $17 per share in an all-cash transaction, valuing the deal at approximately $1 billion. The acquisition is expected to close in the second half of the year.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 2:18 pm

NVO

A Mayo Clinic study found that Novo Nordisk's Wegovy (semaglutide) reduced the risk of heart disease and boosted weight loss. The risk of heart attack or stroke dropped to 6.3% from 7.6% after a year of taking the drug. More extensive studies are needed to confirm the long-term effects.

Portfolio Pulse from Vandana Singh

May 22, 2023 | 2:17 pm

WBD

Warner Bros. Discovery, Inc. (WBD) CEO David Zaslav was heckled during his commencement speech at Boston University amid an ongoing Hollywood writers' strike over pay and minimum wage. The incident has also affected the production of Warner Bros.' 'The Last of Us' Season 2.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2023 | 2:17 pm

SPY

Initial reports suggest a large explosion occurred near the Pentagon complex in Washington DC, according to Twitter sources. The impact on the stock market is uncertain.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:16 pm

BIMI

BIMI International Medical reported a year-over-year increase in Q1 EPS and sales results, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:13 pm