Latest news for Century Cobalt (OTC:CCOB) Stock

Century Cobalt Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties for the purposes of discovering economical cobalt assets.

CENTURY COBALT CORP by Century Cobalt Corp.

Century Cobalt Corp

JPMorgan analyst Hardik Parikh initiated coverage on Viking Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) with an Overweight rating and a December 2025 price target of $80, which implies a potential 45% upside from its <a href="https://www.benzinga.com/quote/VKTX/news">current price of $54.65</a>.
At the core of this bullish outlook is Viking&#8217;s obesity drug candidate, oral-2735, which could be a significant player in the rapidly expanding GLP-1 market.
<h2 class="wp-block-heading">Oral-2735 Could Be A Game Changer</h2>
JPMorgan highlights oral-2735's potential as a highly competitive treatment in the GLP-1 market, particularly because of its &#8220;impressive tolerability.&#8221; 
According to Parikh, Phase 1 data on lower doses already demonstrated competitive efficacy with very few gastrointestinal side effects.
He also noted that "higher dose cohorts could show even more competitive efficacy" while maintaining a standout tolerability profile.
With the U.S. market for GLP-1s projected to reach $120 billion by 2030, JPMorgan estimates oral-2735 could capture around 10% of the oral obesity segment, ascribing it a significant role in the obesity treatment landscape. Parikh believes the market has not fully appreciated the potential of oral-2735, making Viking's stock poised for a substantial rise.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/09/40737027/fake-ozempic-targets-weight-loss-market-forged-batches-an-international-concern">Fake Ozempic Targets Weight-Loss Market: Forged Batches An International Concern</a>
<h2 class="wp-block-heading">Upcoming Catalyst At Obesity Week</h2>
Viking Therapeutics is now under JPMorgan&#8217;s &#8220;positive catalyst watch&#8221; ahead of the Phase 1 readout at Obesity Week in Nov. 2024. 
Parikh suggests that investors should be &#8220;long into the upcoming readout for oral-2735." The data could lead to a &#8220;substantial up move for shares.&#8221; Based on recent trends in the obesity treatment space, Parikh wouldn't be surprised if the stock sees a jump of 30-60% following the readout.
With oral-2735 expected to enter the market in 2030, JPMorgan forecasts U.S. sales of $1 billion by 2035. Given the drug's competitive profile and favorable tolerability, Viking Therapeutics could play a key role in the booming obesity market.
For investors, the upcoming data release could be a turning point, with Parikh projecting a significant &#8220;upside potential&#8221; for VKTX stock as the market begins to recognize oral-2735&#8217;s potential.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/08/40624639/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>
Image: Shutterstock

Biotech

Long Ideas

Health Care

Initiation

Analyst Ratings

Trading Ideas

General

VKTX

Viking Therapeutics Stock Could Soar 45% Ahead Of Key Weight Loss Drug Readout: JPMorgan

From a technical perspective, Chewy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chwy#NYSE">CHWY</a>) is looking like an interesting pick, as it just reached a key level of support. CHWY recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock&#39;s price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock&#39;s price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
<img alt="Moving Average Chart for CHWY" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/539/CHWY_SMA20.jpeg" style="height:auto; width:100%" title="" />
Over the past four weeks, CHWY has gained 13.3%. The company is currently ranked a Zacks Rank #2 (Buy), another strong indication the stock could move even higher.
Looking at CHWY&#39;s earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 6 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on CHWY for more gains in the near future.
<a href="https://www.zacks.com/stock/news/2334540/chewy-chwy-just-overtook-the-20-day-moving-average?cid=CS-BENZ-FT-tale_of_the_tape|20_day_moving_average_(yseop)-2334540">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

News

Technicals

Markets

CHWY

Chewy Just Overtook the 20-Day Moving Average

Erste Group analyst Hans Engel upgrades AstraZeneca (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) from Hold to Buy.

Upgrades

Erste Group Upgrades AstraZeneca to Buy

Erste Group analyst Hans Engel upgrades Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) from Hold to Buy.

INFY

Erste Group Upgrades Infosys to Buy

A downtrend has been apparent in Braze, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brze#NASDAQ">BRZE</a>) lately with too much selling pressure. The stock has declined 17.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company&#39;s ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
<h2>How to Determine if a Stock is Oversold</h2>
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock&#39;s price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
<h2>Why BRZE Could Bounce Back Before Long</h2>
The RSI reading of 29.27 for BRZE is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
<img alt="3-month RSI Chart for BRZE" class="chart" src="https://staticx-tuner.zacks.com/images/articles/charts/yseop/544/BRZE_RCI14.jpeg" style="height:auto; width:100%" title="" />
The RSI value is not the only factor that indicates a potential turnaround for the stock in the near term. On the fundamental side, there has been strong agreement among the sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for BRZE has increased 12.9%. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, BRZE currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock&#39;s potential turnaround in the near term.
<a href="https://www.zacks.com/stock/news/2334541/braze-brze-loses-17-31-in-4-weeks-here-s-why-a-trend-reversal-may-be-around-the-corner?cid=CS-BENZ-FT-tale_of_the_tape|rsi-2334541">To read this article on Zacks.com click here.</a>

Mid Cap

Tech

BRZE

Braze Loses -17.31% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

<a href="https://www.cnbc.com/2024/09/11/norfolk-southern-nsc-alan-shaw-probe-relationship-lawyer.html">https://www.cnbc.com/2024/09/11/norfolk-southern-nsc-alan-shaw-probe-relationship-lawyer.html</a>
<ul>
<li>Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's chief legal officer.</li>
<li>Norfolk's top lawyer, Nabanita Nag, is also corporate secretary and one of the board's primary points of contact.</li>
<li>The board has also focused on possible successors to Shaw, who is expected to resign, including CFO Mark George and COO John Orr.</li>
</ul>
<a href="https://www.cnbc.com/quotes/NSC/">Norfolk Southern's</a> board is investigating whether <a href="https://www.cnbc.com/2024/09/08/norfolk-southern-nsc-alan-shaw-workplace-relationship.html">CEO Alan Shaw</a> had an inappropriate relationship with the company's top-ranking lawyer, according to several people with direct knowledge of the board's thinking, which could create a leadership vacuum at one of the country's <a href="https://www.cnbc.com/2024/05/09/norfolk-southern-activist-wins-three-board-seats-at-railroad.html">largest railroads</a>.
The probe comes less than two years after a toxic derailment in East Palestine, Ohio, and the same year activist investor Ancora mounted a proxy fight at the $58 billion railroad.
&nbsp;
The board's focus on that other executive, chief legal officer <a href="https://www.prnewswire.com/news-releases/norfolk-southern-names-nabanita-nag-executive-vice-president--chief-legal-officer-301574351.html">Nabanita Nag</a>, has not previously been detailed. Nag joined the company in 2020 as general counsel before being promoted to senior vice president in 2022 and elevated again just a few months later. She oversees a sizable portion of Norfolk's operations — including government relations, communications and compliance.
Shaw and Nag did not return text messages and calls requesting comment.
Meanwhile, labor leaders and top executives are in the dark about the company's leadership plans. The railroad employs some 20,000 people, many of whom <a href="https://www.cnbc.com/2024/04/26/activist-ancora-endorsed-by-second-norfolk-southern-union.html">belong to a union</a>.
"We're not sure who is running this train," said Scott Bunten, general chairman of Norfolk Southern's 4,600-member Brotherhood of Locomotive Engineers &amp; Trainmen, or BLET. "We've heard the rumors about shenanigans in NS' c-suite. We've seen a news release about an investigation by an outside law firm. We haven't received a memo or any update."
As corporate secretary, Nag is one of the board's primary conduits of information, alongside Shaw. The board became aware of an alleged inappropriate relationship between the two in recent days, and moved rapidly to respond, people familiar with the matter previously told CNBC. Directors are discussing who could replace Shaw, who is expected to resign as CEO, according to another person familiar with the board's thinking.
&nbsp;
Bunten said he had been in meetings with senior management on Tuesday and that those executives were not clear on what was transpiring at Norfolk's highest levels.
Norfolk Southern said it won't comment until the conclusion of the probe. <a href="https://www.wsj.com/business/logistics/norfolk-southern-probing-potential-misconduct-by-ceo-shaw-39436e09">The Wall Street Journal</a> earlier reported that Shaw was expected to resign, citing people familiar with the matter.
The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.
<h2>Two leading CEO candidates</h2>
The board confirmed the probe, first reported by CNBC, on Sunday evening.
Since then, two of the leading internal candidates to replace Shaw are COO <a href="https://www.cnbc.com/2024/04/05/nsc-coo-john-orr-has-history-of-abusive-behavior-activist-ancora-says.html">John Orr</a> and CFO Mark George, according to another person with knowledge of the board's planning.
Orr has been at the company since March, joining as the company pulled out all the stops to protect Shaw's job from Ancora's onslaught. He has a long and successful career, but has been blemished by accusations of misconduct made in since resolved legal proceedings and dredged up by Ancora during the proxy fight, CNBC reported in April. Orr has denied wrongdoing and the company described those claims as an attempt to "malign" Orr with years-old accusations.
George is less known in the railroading community but earned admiration from some shareholders during the proxy fight for his candor and command of the situation, said one Norfolk Southern advisor. He began his career at Otis Elevator Company, rising through the ranks in Hong Kong and the United States, according to his LinkedIn profile.
While atypical, other finance executives have risen to the top job at American railroads — including at Norfolk. Shaw's predecessor as CEO, Jim Squires, was the railroad's CFO for 6 years.
Neither Orr nor George responded to requests for comment.
<h2>Financial cost of misconduct</h2>
Were Shaw to be fired or step down, he would join a long list of CEOs whose careers were marred by allegations of inappropriate relationships. In 2019, McDonald's announced it had fired CEO Steve Easterbrook after a board investigation revealed he had a relationship with an employee. The SEC later fined Easterbrook and required him to return $105 million in compensation. Easterbrook apologized for his behavior&nbsp;in the wake of the firing and clawback.
"Our members at Norfolk Southern, along with the rest of the workforce, have been kept in the dark about what's happening," Bunten told CNBC.

Legal

Management

'Norfolk Southern Board Probe Focusing On CEO's Relationship With Chief Legal Officer' - CNBC

Deep-pocketed investors have adopted a bullish approach towards Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Bank of America. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 30% bearish. Among these notable options, 5 are puts, totaling $1,168,683, and 8 are calls, amounting to $1,270,536.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $50.0 for Bank of America over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Bank of America's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale trades within a strike price range from $35.0 to $50.0 in the last 30 days. 
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726076923_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.18</td>
<td>$1.15</td>
<td>$1.16</td>
<td>$42.00</td>
<td>$870.0K</td>
<td>24.8K</td>
<td>7.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.19</td>
<td>$2.16</td>
<td>$2.16</td>
<td>$38.00</td>
<td>$864.0K</td>
<td>23.9K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.39</td>
<td>$2.36</td>
<td>$2.37</td>
<td>$40.00</td>
<td>$118.5K</td>
<td>8.1K</td>
<td>560</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.89</td>
<td>$1.87</td>
<td>$1.89</td>
<td>$40.00</td>
<td>$113.4K</td>
<td>67.3K</td>
<td>2.7K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.08</td>
<td>$2.06</td>
<td>$2.08</td>
<td>$40.00</td>
<td>$104.0K</td>
<td>8.1K</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Following our analysis of the options activities associated with Bank of America, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Bank of America</h3>
<ul>
<li>Trading volume stands at 21,466,776, with BAC's price down by -1.78%, positioned at $38.58.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>Professional Analyst Ratings for Bank of America</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
<ul>
<li>An analyst from Deutsche Bank upgraded its action to Buy with a price target of $45. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of America with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Looking At Bank of America's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NEM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for Newmont.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 46%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $540,856, and 9 are calls, for a total amount of $414,514.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Newmont over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Newmont stands at 9880.77, with a total volume reaching 12,645.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Newmont, situated within the strike price corridor from $40.0 to $60.0, throughout the last 30 days.
<h3>Newmont Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726076919_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.86</td>
<td>$1.81</td>
<td>$1.82</td>
<td>$50.00</td>
<td>$182.0K</td>
<td>5.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.66</td>
<td>$0.47</td>
<td>$0.47</td>
<td>$42.50</td>
<td>$154.4K</td>
<td>32</td>
<td>3.2K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$12.25</td>
<td>$12.1</td>
<td>$12.22</td>
<td>$40.00</td>
<td>$122.1K</td>
<td>439</td>
<td>100</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$52.50</td>
<td>$82.6K</td>
<td>2.2K</td>
<td>174</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.4</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$52.50</td>
<td>$58.2K</td>
<td>12.2K</td>
<td>284</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Having examined the options trading patterns of Newmont, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Newmont Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,787,429, the NEM's price is down by -0.55%, now at $51.02. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
<h3>What Analysts Are Saying About Newmont</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $58.5.
<ul>
<li>An analyst from Argus Research upgraded its action to Buy with a price target of $58. </li>
<li>An analyst from Scotiabank has elevated its stance to Sector Outperform, setting a new price target at $59. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding Newmont's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bearish stance on Zscaler.
Looking at options history for Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $95,546 and 7, calls, for a total amount of $344,035.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $180.0 for Zscaler during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Zscaler's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zscaler's whale activity within a strike price range from $110.0 to $180.0 in the last 30 days. 
<h3>Zscaler Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726076914_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.4</td>
<td>$10.15</td>
<td>$10.4</td>
<td>$155.00</td>
<td>$132.1K</td>
<td style="text-align: right;">166</td>
<td style="text-align: right;">128</td>
</tr>
<tr>
<td>ZS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.25</td>
<td>$5.05</td>
<td>$5.25</td>
<td>$155.00</td>
<td>$66.5K</td>
<td style="text-align: right;">340</td>
<td style="text-align: right;">138</td>
</tr>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.02</td>
<td>$2.0</td>
<td>$2.0</td>
<td>$162.50</td>
<td>$41.0K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">220</td>
</tr>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.9</td>
<td>$38.5</td>
<td>$39.04</td>
<td>$150.00</td>
<td>$39.0K</td>
<td style="text-align: right;">133</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>ZS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.6</td>
<td>$38.5</td>
<td>$39.0</td>
<td>$150.00</td>
<td>$39.0K</td>
<td style="text-align: right;">133</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Zscaler</h3>
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
<h3>Present Market Standing of Zscaler</h3>
<ul>
<li>Currently trading with a volume of 1,024,810, the ZS's price is up by 2.42%, now at $159.67. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 75 days.</li>
</ul>
<h3>What The Experts Say On Zscaler</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $218.0.
<ul>
<li>An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Zscaler, which currently sits at a price target of $195. </li>
<li>In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $195. </li>
<li>An analyst from Wedbush has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $220. </li>
<li>Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Zscaler, targeting a price of $250. </li>
<li>An analyst from Barclays persists with their Overweight rating on Zscaler, maintaining a target price of $230. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zscaler, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Zscaler's Options Market Dynamics

Erste Group analyst Hans Engel downgrades Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Buy to Hold.

Downgrades

Erste Group Downgrades Salesforce to Hold

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock&#39;s price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let&#39;s see what these Wall Street heavyweights think about Li Auto Inc. Sponsored ADR (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>).
Li Auto currently has an average brokerage recommendation&nbsp;of 1.54, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 14 brokerage firms. An ABR of 1.54 approximates between Strong Buy and Buy.
Of the 14 recommendations that derive the current ABR, nine are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 64.3% and 14.3% of all recommendations.
<h2>Brokerage Recommendation Trends for LI</h2>
<img alt="Broker Rating Breakdown Chart for LI" class="chart" src="https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/LI_09112024.png" style="width:100%" title="" /> 
The ABR suggests buying Li Auto, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five &quot;Strong Buy&quot; recommendations for every &quot;Strong Sell&quot; recommendation.
In other words, their interests aren&#39;t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock&#39;s price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock&#39;s price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
<h2>ABR Should Not Be Confused With Zacks Rank</h2>
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company&#39;s changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
<h2>Is LI a Good Investment?</h2>
Looking at the earnings estimate revisions for Li Auto, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.39.
Analysts&#39; steady views regarding the company&#39;s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Li Auto.
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Li Auto.
<a href="https://www.zacks.com/stock/news/2334551/li-auto-li-is-considered-a-good-investment-by-brokers-is-that-true?cid=CS-BENZ-FT-fundamental_analysis|average_broker_rating-2334551">To read this article on Zacks.com click here.</a>

Li Auto Is Considered a Good Investment by Brokers: Is That True?

On Tuesday, BridgeBio Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) released topline results from the Phase 1/2 open-label ADventure study of BBP-631, an investigational adeno-associated virus (AAV) 5 gene therapy, for congenital <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40804434/bridgebio-pharma-reports-topline-results-from-phase-12-trial-of-investigational-gene-therapy-for-c" rel="noreferrer noopener">adrenal hyperplasia (CAH)</a>.
CAH is&nbsp;a rare, inherited disorder that affects the adrenal glands and causes a hormone imbalance.&nbsp;The adrenal glands are on top of the kidneys and produce hormones that help the body function.&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40658278/why-is-bridgebio-pharma-stock-trading-higher-on-friday" rel="noreferrer noopener">Why Is BridgeBio Pharma Stock Trading Higher On Friday?</a>
To date, key results from the study include:
<ul>
<li>Increased endogenous cortisol production was achieved in all patients at higher doses.</li>
<li>At the two highest dose levels, a maximum change from the baseline post-ACTH stimulation test of 4.7 μg/dL and 6.6 μg/dL was observed, respectively, with cortisol levels as high as 11 μg/dL achieved.
<ul>
<li>Substantial and durable increases in 11-deoxycortisol, the product of 21-hydroxylase, and reductions in 17-hydroxyprogesterone (17-OHP), the substrate of 21-hydroxylase, provide compelling evidence of durable BBP-631 transgene activity. At the highest dose levels, sustained 11-deoxycortisol averaged a 55-fold increase from baseline, with a maximum of 99-fold increase. These represent an average maximum of 23-fold the upper limit of normal.</li>
<li>Robust reduction in 17-hydroxyprogesterone, with most patients reaching a reduction of ≥50%, with a max reduction of 95%.</li>
</ul>
</li>
</ul>
BBP-631 has been well tolerated, with only mild to moderate treatment-emergent adverse events (TEAEs), and no treatment-related SAEs have been reported.
&#8220;While the data to date are not yet transformational, the study showed for the first time that people living with CAH can indeed make their own cortisol, and that gene therapy can be safely administered in this patient population&#8230;&#8221; said Neil Kumar, CEO and Founder of BridgeBio.
BridgeBio also said it will no longer be pursuing development of BBP-631 for CAH and is seeking partnership opportunities to support future development of BBP-631 or next-generation gene therapies for the treatment of CAH.
Price Action: BBIO stock is down 3.07% at $29.07 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40814667/exxon-other-us-oil-majors-brace-for-tropical-storm-francine-report" target="_blank" rel="noreferrer noopener">Exxon, Other US Oil Majors Brace For Tropical Storm Francine: Report</a>.</li>
</ul>

Movers

BBIO

BridgeBio Pharma Seeks Partner To Develop Gene Therapy For Inherited Condition

Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">marginally lower on Wednesday.</a>
The company announced the addition of two new products to its Foot &amp; Ankle portfolio – the Osteotomy Truss System and Ankle Truss System, recently <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40812066/stryker-expands-foot-ankle-portfolio-with-specialized-offerings-designed-to-enhance-surgical-preci" rel="noreferrer noopener">acquired from 4WEB Medical</a>.
The new Ankle Truss System, featuring Arthrosphere and Arthrocube implants, is a groundbreaking solution for restoring limb length and ensuring structural stability during tibiotalocalcaneal fusions.
&#8220;The addition of the ATS and the integration of Artelon reflects our commitment to providing surgeons with enhanced orthopaedic solutions to achieve the best possible patient outcomes,&#8221; said Michael Rankin, vice president of marketing and medical education of Stryker&#8217;s Foot &amp; Ankle business.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40771038/summit-therapeutics-lung-cancer-candidate-surpasses-mercks-multi-billion-dollar-keytruda-cuts-ris" rel="noreferrer noopener">Summit Therapeutics&#8217; Lung Cancer Candidate Surpasses Merck&#8217;s Multi-Billion Dollar Keytruda, Cuts Risk Of Disease Or Death By Half</a>
Utilizing Truss Implant Technology, the ATS implants have an open architecture designed to deliver robust support and facilitate successful fusion.
The Osteotomy Truss System includes Cotton, Evans, and Utility wedges, providing a complete solution for various osteotomy procedures. Designed for internal bone fixation and osteotomies in the foot and ankle, this system is now available for clinical use.
Yesterday, Piper Sandler analyst Matt O&#8217;Brien maintained Stryker with an Overweight rating and a $380&nbsp;price target.
In addition, Wolfe Research analyst Mike Polark initiates coverage on Stryker with an Outperform rating and announces a $405 price forecast.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SYK stock has gained over 10% in 2023. Investors can gain exposure to the stock via iShares U.S. Medical Devices ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHI#NYSE">IHI</a>) and&nbsp;Trust for Professional Managers Jensen Quality Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JGRW#NYSE">JGRW</a>).
Price Action: SYK shares are trading lower by 0.22% to $364.25 at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40754517/modernas-investigational-mpox-vaccine-more-effective-than-current-approved-shot-animal-study-show" target="_blank" rel="noreferrer noopener">Moderna's Investigational Mpox Vaccine More Effective Than Current Approved Shot, Animal Study Shows</a>.</li>
</ul>

Analyst Color

Equities

iShares Dow Jones US Medical Devices Index Fund

Trust for Professional Managers Jensen Quality Growth ETF

JGRW

Stryker Unveils New Foot & Ankle Solutions With Truss Implants: Details

GOOG

GOOGL

Google Introduces Audio Overview In NotebookLM

Goldman Sachs analyst Richard Ramsden maintains PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Neutral and lowers the price target from $189 to $180.

Price Target

Goldman Sachs Maintains Neutral on PNC Finl Servs Gr, Lowers Price Target to $180

Goldman Sachs analyst Richard Ramsden maintains U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) with a Neutral and lowers the price target from $48 to $46.

Goldman Sachs Maintains Neutral on U.S. Bancorp, Lowers Price Target to $46

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$566.1K</td>
<td>105.6K</td>
<td>18.8K</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$500.00</td>
<td>$36.6K</td>
<td>3.2K</td>
<td>6.7K</td>
</tr>
<tr>
<td>WOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$30.0K</td>
<td>3.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$160.00</td>
<td>$199.2K</td>
<td>2.8K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$39.1K</td>
<td>22.1K</td>
<td>635</td>
</tr>
<tr>
<td>BILI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$16.00</td>
<td>$25.2K</td>
<td>145</td>
<td>358</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$72.00</td>
<td>$27.4K</td>
<td>852</td>
<td>323</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$160.00</td>
<td>$26.1K</td>
<td>7.2K</td>
<td>270</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For AMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), we notice a call option trade that happens to be bullish, expiring in 492 day(s) on January 16, 2026. This event was a transfer of 13166 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $566.1K, with a price of $43.0 per contract. There were 105600 open contracts at this strike prior to today, and today 18828 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 149 contract(s) at a $500.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $246.0 per contract. There were 3279 open contracts at this strike prior to today, and today 6733 contract(s) were bought and sold. 
• For WOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>), we notice a call option sweep that happens to be bearish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 600 contract(s) at a $5.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $50.0 per contract. There were 3545 open contracts at this strike prior to today, and today 3318 contract(s) were bought and sold. 
• Regarding GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we observe a call option trade with bearish sentiment. It expires in 37 day(s) on October 18, 2024. Parties traded 972 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $199.2K, with a price of $205.0 per contract. There were 2821 open contracts at this strike prior to today, and today 2439 contract(s) were bought and sold. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a put option trade with bearish sentiment. It expires in 492 day(s) on January 16, 2026. Parties traded 149 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $39.1K, with a price of $263.0 per contract. There were 22184 open contracts at this strike prior to today, and today 635 contract(s) were bought and sold. 
• Regarding BILI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), we observe a call option sweep with bearish sentiment. It expires in 218 day(s) on April 17, 2025. Parties traded 86 contract(s) at a $16.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $293.0 per contract. There were 145 open contracts at this strike prior to today, and today 358 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on September 27, 2024. Parties traded 175 contract(s) at a $72.00 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $157.0 per contract. There were 852 open contracts at this strike prior to today, and today 323 contract(s) were bought and sold. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a call option sweep with bearish sentiment. It expires in 282 day(s) on June 20, 2025. Parties traded 20 contract(s) at a $160.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $1305.0 per contract. There were 7294 open contracts at this strike prior to today, and today 270 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BILI

PARA

ROKU

8 Communication Services Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$3.50</td>
<td>$34.9K</td>
<td>4.5K</td>
<td>5.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$182.50</td>
<td>$64.0K</td>
<td>1.0K</td>
<td>3.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$44.1K</td>
<td>19.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$55.1K</td>
<td>35.5K</td>
<td>780</td>
</tr>
<tr>
<td>TPR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$35.8K</td>
<td>1.3K</td>
<td>311</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$40.00</td>
<td>$59.4K</td>
<td>3.1K</td>
<td>307</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$26.7K</td>
<td>22.7K</td>
<td>295</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$44.0K</td>
<td>4.9K</td>
<td>238</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$36.00</td>
<td>$29.4K</td>
<td>0</td>
<td>137</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$53.8K</td>
<td>480</td>
<td>108</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 850 contract(s) at a $3.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $41.0 per contract. There were 4589 open contracts at this strike prior to today, and today 5600 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 200 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $64.0K, with a price of $320.0 per contract. There were 1034 open contracts at this strike prior to today, and today 3110 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 37 day(s) on October 18, 2024. Parties traded 300 contract(s) at a $90.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $44.1K, with a price of $147.0 per contract. There were 19947 open contracts at this strike prior to today, and today 2038 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bearish, expiring in 492 day(s) on January 16, 2026. This event was a transfer of 253 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $55.1K, with a price of $218.0 per contract. There were 35598 open contracts at this strike prior to today, and today 780 contract(s) were bought and sold. 
• Regarding TPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>), we observe a put option sweep with neutral sentiment. It expires in 128 day(s) on January 17, 2025. Parties traded 311 contract(s) at a $35.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $115.0 per contract. There were 1358 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option sweep with bearish sentiment. It expires in 282 day(s) on June 20, 2025. Parties traded 82 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $59.4K, with a price of $725.0 per contract. There were 3156 open contracts at this strike prior to today, and today 307 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bullish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 375 contract(s) at a $5.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $72.0 per contract. There were 22700 open contracts at this strike prior to today, and today 295 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be bearish, expiring in 128 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $440.0 per contract. There were 4903 open contracts at this strike prior to today, and today 238 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option sweep that happens to be bullish, expiring in 65 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $36.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $294.0 per contract. There were 0 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on December 20, 2024. This event was a transfer of 92 contract(s) at a $50.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $585.0 per contract. There were 480 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BABA

CPRI

ETSY

LCID

PTON

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$110.00</td>
<td>$35.2K</td>
<td>83.0K</td>
<td>211.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$420.00</td>
<td>$31.6K</td>
<td>6.9K</td>
<td>9.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$150.00</td>
<td>$47.7K</td>
<td>7.7K</td>
<td>7.3K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$250.00</td>
<td>$29.2K</td>
<td>709</td>
<td>5.5K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$145.00</td>
<td>$25.0K</td>
<td>1.2K</td>
<td>2.9K</td>
</tr>
<tr>
<td>CLS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$43.00</td>
<td>$30.1K</td>
<td>4.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$80.00</td>
<td>$50.9K</td>
<td>385</td>
<td>481</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$480.00</td>
<td>$109.8K</td>
<td>92</td>
<td>326</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$225.00</td>
<td>$35.5K</td>
<td>1.9K</td>
<td>319</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$270.00</td>
<td>$34.4K</td>
<td>3.3K</td>
<td>301</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 81 contract(s) at a $110.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $435.0 per contract. There were 83080 open contracts at this strike prior to today, and today 211340 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on September 13, 2024. This event was a transfer of 164 contract(s) at a $420.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $193.0 per contract. There were 6934 open contracts at this strike prior to today, and today 9098 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $150.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $478.0 per contract. There were 7768 open contracts at this strike prior to today, and today 7385 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a call option sweep with bearish sentiment. It expires in 128 day(s) on January 17, 2025. Parties traded 240 contract(s) at a $250.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $122.0 per contract. There were 709 open contracts at this strike prior to today, and today 5548 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1290 open contracts at this strike prior to today, and today 2977 contract(s) were bought and sold. 
• Regarding CLS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on September 13, 2024. Parties traded 1100 contract(s) at a $43.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $25.0 per contract. There were 4135 open contracts at this strike prior to today, and today 1937 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 100 day(s) on December 20, 2024. Parties traded 33 contract(s) at a $80.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $50.9K, with a price of $1545.0 per contract. There were 385 open contracts at this strike prior to today, and today 481 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 16 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $480.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $109.8K, with a price of $1092.0 per contract. There were 92 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bullish, expiring in 191 day(s) on March 21, 2025. This event was a transfer of 23 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $35.5K, with a price of $1545.0 per contract. There were 1980 open contracts at this strike prior to today, and today 319 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option trade that happens to be neutral, expiring in 37 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $34.4K, with a price of $172.0 per contract. There were 3311 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

MSFT

NVDA

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Goldman Sachs analyst Richard Ramsden maintains Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) with a Buy and lowers the price target from $68 to $65.

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