Cellcom Israel Stock (OTC:CELJF), Trade Ideas

Cellcom Israel Ltd is the largest wireless provider in Israel and holds about one third of the market. The company offers basic voice services and data services such as Web browsing and music downloads. Cellcom is also launching a next-generation wireless service that supports higher data capacity. The company went public in February 2007, and its largest shareholder, Discount Investment, owns about 47% of its shares.

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CELJF

iShares MSCI Israel Capped Investable Market Index Fund

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SMWB

Latest On Israel: Blinken, Netanyahu Shelter In Bunker During Air Raid Sirens, Pentagon Issues Warning To 2,000 US Troops

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WIIM

Nordstrom shares are trading higher following a report suggesting the Nordstrom family is weighing taking the company private.

<a href="https://www.nytimes.com/2024/04/18/us/politics/us-restarts-deportation-flights-to-haiti.html#:~:text=Immigration%20officials%20sent%20dozens%20of,been%20gripped%20by%20widespread%20violence" title="https://www.nytimes.com/2024/04/18/us/politics/us-restarts-deportation-flights-to-haiti.html#:~:text=Immigration%20officials%20sent%20dozens%20of,been%20gripped%20by%20widespread%20violence">https://www.nytimes.com/2024/04/18/us/politics/us-restarts-deportation-flights-to-haiti.html#:~:text=Immigration%20officials%20sent%20dozens%20of,been%20gripped%20by%20widespread%20violence</a>.

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"U.S. Restarts Deportation Flights To Haiti; The Biden Administration Had Paused Deportations Of Haitian Migrants In Recent Months As Their Home Country Was Wracked By Violence" - The New York Times

<a href="https://www.wsj.com/business/retail/nordstrom-family-weighing-taking-retailer-private-ff951e5d" title="https://www.wsj.com/business/retail/nordstrom-family-weighing-taking-retailer-private-ff951e5d">https://www.wsj.com/business/retail/nordstrom-family-weighing-taking-retailer-private-ff951e5d</a>

Asset Sales

"Nordstrom Family Weighing Taking Retailer Private; The Department-Store Chain Formed A Special Board Committee And Tapped Bankers To Consider A Potential Bid" - WSJ

SMXT

SolarMax Technology shares are trading lower on continued weakness after the company recently reported fiscal year 2023 results.

ITCI

Intra-Cellular Therapies shares are trading lower after the company priced a $500 million offering.

Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch is set to launch its new TikTok-style discovery feed after a year of testing, bringing separate feeds for clips and livestreams to all users by the end of this month. 
<a href="https://m.twitch.tv/videos/2122405883">Announced</a> during a Patch Notes live stream (<a href="https://www.theverge.com/2024/4/17/24133457/twitch-tiktok-style-feed-rollout">via</a> The Verge), the feed will be accessible as a tab within the mobile app initially, with plans to potentially make it the homepage for some users next month. All livestreams and clips meeting Twitch&#8217;s content guidelines will be eligible for inclusion.
In the live feed, users can browse content from followed creators and recommendations from Twitch, with the option to enter theater mode and engage with the livestream upon finding something of interest. 
The clips stream offers a feed of shortform videos extracted from Twitch livestreams, with indicators for when a creator is currently live for viewers who wish to tune in further.
While ads will be integrated into the feed, Twitch assures that they won&#8217;t disrupt the viewing or scrolling experience.
Product manager Jess Sung clarified during the Patch Notes stream that ads can be scrolled past without pausing viewing, ensuring a seamless browsing experience for users.
Now Read: <a href="https://www.benzinga.com/news/24/04/38322987/tiktoks-ticking-clock-meta-snap-stocks-climb-as-us-ban-bill-vote-nears">TikTok&#8217;s Ticking Clock &#8211; Meta, Snap Stocks Climb As US Ban Bill Vote Nears </a>
Image: Shutterstock

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Twitch's TikTok-Style Feed: Clips, Livestreams, Seamless Browsing

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Reddit shares are trading higher amid volatility following the company's recent IPO.

RippleX (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) Senior Vice President, Markus Infanger, predicts that the tokenized asset market could surge to an impressive $16 trillion as traditional finance firms are <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38141225/why-ripple-ceo-brad-garlinghouse-predicts-a-5-trillion-crypto-market-cap-in-2024">increasingly adopting blockchain technology</a>.
What Happened: Traditional finance firms are swiftly embracing the idea of tokenizing financial assets on public blockchains. Markus Infanger, RippleX&#8217;s senior vice president, disclosed that these firms are now bringing financial assets on-chain to address various issues in value chains.
At the Paris Blockchain Week, Infanger stated that the application of blockchain in traditional finance is becoming more tangible, as <a href="https://cointelegraph.com/news/tokenized-assets-public-blockchains-ripple">reported</a> by CoinTelegraph. He also projected the future value of tokenized markets at $16 trillion, a figure eight times larger than the total market capitalization of the entire cryptocurrency sector ($2.5 trillion).
Infanger further revealed that Ripple is in advanced talks with various financial institutions about tokenization projects to issue assets on the XRP Ledger. He pointed out the example of HSBC partnering with Ripple-owned technology firm Metaco in November 2023 to allow institutional investors to hold tokenized securities on its new custody platform.
RippleX is an extension of Ripple and represents Ripple's initiative to create an open developer platform for money. It supports the core technologies that power Ripple's solutions for businesses.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38093583/ripple-announces-stablecoin-on-xrp-ledger-and-ethereum">Ripple Announces Stablecoin On XRP Ledger And Ethereum</a>
Why It Matters: Ripple&#8217;s business model is evolving to become more comprehensive, merging various solutions that utilize the XRP Ledger (XRPL). The company&#8217;s recently announced plans to issue its own <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38093583/ripple-announces-stablecoin-on-xrp-ledger-and-ethereum">U.S. dollar-pegged stablecoin</a> on XRPL and Ethereum will further enhance its offerings to institutions.
Infanger also emphasized the growth potential of the stablecoin market, which he believes could reach $2.8 trillion in five years, from a current valuation of $130 billion. However, Ripple has not yet confirmed a launch date for its stablecoin.
What's Next: These topics are expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38135629/can-dogecoin-flip-ripple-heres-what-it-would-take">Can Dogecoin Flip Ripple? Here&#8217;s What It Would Take</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$XRP

RippleX Senior VP Predicts Tokenized Asset Market Valuation Of $16 Trillion

Individuals in their 50s often confront a multitude of financial duties, spanning from their children&#39;s education expenses to the care of elderly parents, all while trying to <a href="https://www.benzinga.com/money/investing/retirement">save for retirement.</a>
Autumn Knutson, a certified financial planner and the founder of Styled Wealth, notes that a prevalent error is a belief that one&#39;s financial trajectory is already cemented at this stage.
Knutson emphasizes the ample opportunity in the 50s to adjust one&#39;s financial course for the desired future.
Among the pivotal financial strategies for this age group are securing long-term care insurance, maximizing 401(k) contributions, and diversifying tax obligations.
&ldquo;In your 50s, you still have sufficient, if not ample, time to make the changes you want to make for the life you either want now or the life you want in your future and for your 60s and 70s,&rdquo; Knutson <a href="https://www.cnbc.com/2024/04/15/cfp-no-1-money-mistake-people-in-their-50s-make.html">told </a>CNBC.
Long-term care insurance becomes increasingly crucial as one nears retirement, with Andrew Fincher, a CFP, highlighting the potential for high premiums in the 60s and the flexibility offered in the 50s.
&ldquo;Once you get to your 60s, insurance companies&nbsp;really jack up the premiums and it can be very costly,&rdquo; Fincher told the outlet. &ldquo;In your 50s, there&rsquo;s a little bit more flexibility there to cover any cognitive disabilities. Having coverage on that can really help from hurting your spouse or your children.&rdquo;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38299693/heres-the-gravest-error-you-can-make-with-credit-cards-like-owing-money-to-loan-sharks">Here&#39;s The Gravest Error You Can Make With Credit Cards: &#39;Like Owing Money To Loan Sharks&#39;</a>
According to&nbsp;Genworth&rsquo;s 2023 Cost of Care <a href="https://www.genworth.com/aging-and-you/finances/cost-of-care">survey</a>, the median cost for a private room in an assisted living facility has reached $64,200 annually, underscoring the importance of early coverage.
Increasing 401(k) contributions is another crucial move, with Marguerita Cheng, a certified financial planner, suggesting a 1% annual increment for those not already at the contribution cap, according to CNBC.
Under certain assumptions, this approach can significantly bolster retirement funds, adding approximately $16,779 by age 67 for a 55-year-old earning $80,000 annually.
The third key strategy is diversifying investment accounts beyond retirement-focused ones, as explained by Joe Conroy, a CFP.
He tells CNBC that investing in a taxable brokerage account can offer tax advantages compared to the standard income tax rates applied to IRA withdrawals, providing a more balanced financial portfolio for retirement.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/01/36709641/maximize-your-earnings-by-exploring-these-high-paying-side-hustles-of-2024" target="_blank">Maximize Your Earnings By Exploring These High-paying Side Hustles Of 2024</a>
How can you invest in early-stage startups if you don&rsquo;t know the founders? Easy.&nbsp;<a href="http://email.benzinga.com/ls/click?upn=POMTzu5hkRlP2Z45Yy-2FvXZoHZxCpTpCIjAeIdZ8Qk0GBI7gawpWJX642xEMjPm2lWGAFcHHAuo7m6ZC4SRdlV61dGyk78N6VKAkqsPrL1UKNcver3Y45QGiM8OnBK8eaedKwI2XU7aaT5xX8tQx47W-2FDx4Nd-2FAx2jkzxFVndsZM-3DsuM__qapuR7HPRdSA2fYmHoVBAnqUgNgcwF5eT5tyhBkfCqGlEV6-2BZW90mlMxrb2dTZokKgKbpj1krNcLLPV6Q-2FJCcz61YAohM9BIiN12HOwd-2Fb0eQhvsdnSm5KlREHyIiI09Why7e-2BjEYkxhkPVlMTuru9km6HkA0gP4pnwWKDtsuo-2FtXof7rZVFLiFyTvHF1jt7Bpw8vgX4vbr8g-2FCe-2FKHd7cJ5wom1j2bu53TufNYOsYhFOW-2F0zUy6zH9rtykfXrrARO48H1ivb55iyZLdLcpnKTUx2NxG5bunNCGsOJq1lfs-3D" target="_blank">Click here for a list of startups you can invest in today.</a>
Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer&rsquo;s securities in this article.&nbsp;Please see 17b disclosure linked in the offering circular for more information.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Financial Advisors

Personal Finance

In Your 50s? It's Not Too Late To Transform Your Financial Future: 3 Key Moves To Make Now

Canaan shares are trading lower after the company filed a prospectus related to a mixed shelf of up to $300 million.

Offerings

Canaan Late Wednesday Filed Prospectus Related To Mixed Shelf Of Up To $300M

Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) has unveiled plans for an open-world <a href="https://www.benzinga.com/general/gaming/23/07/33173535/electronic-arts-unveils-plans-for-black-panther-video-game-announces-comeback-to-mma-genre-with-uf">Black Panther game,</a> developed by Cliffhanger Games, through a recent job listing. 
<a href="https://www.ign.com/articles/eas-black-panther-appears-to-be-an-open-world-sandbox-based-on-job-posting">According </a>to IGN, they&#8217;re seeking a Senior Sandbox Designer II to help shape encounters, systems, and gameplay within this dynamic setting. The goal is to create an immersive environment that seamlessly integrates sandbox elements with the game&#8217;s narrative and objectives.
The job listing teases features like urban crowds and wildlife, promising players &#8220;a living, breathing game world.&#8221; Moreover, it suggests incorporating linear missions into the open world for a smoother gaming experience.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38302723/unveiling-nintendos-april-2024-indie-world-showcase-whats-in-store">Unveiling Nintendo&#8217;s April 2024 Indie World Showcase: What&#8217;s In Store</a>
Cliffhanger Games, which includes talent from Middle-earth: Shadow of Mordor, is dedicated to enhancing the Black Panther experience. 
Oversight for the project falls on Connie Booth, a former PlayStation executive now leading as EA&#8217;s Group General Manager. 
Booth&#8217;s role encompasses managing both the Black Panther and EA Motive&#8217;s Iron Man games as part of a larger deal between EA and The Walt Disney Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Marvel for three action-adventure projects. However, details about the third game remain under wraps.
While EA&#8217;s Black Panther game promises an innovative take on the Wakandan hero, it&#8217;s not the only game featuring him. 
Amy Hennig&#8217;s Marvel 1943: Rise of Hydra, set for release in 2025, also includes Black Panther alongside Captain America. Yet, the release date for EA&#8217;s game remains undisclosed.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/04/38257897/star-wars-day-arrives-to-fortnite-with-epic-crossover">Star Wars Day Arrives To Fortnite With Epic Crossover</a>
Image courtesy of Cliffhanger Games.

Entertainment

EA's Black Panther Game Takes Shape As Open-World Marvel Sandbox

EPA To Announce By Week End Plans To Temporarily Waive Restrictions On Higher-Ethanol Gasoline Blends This Summer

Whales with a lot of money to spend have taken a noticeably bearish stance on Nutanix.
Looking at options history for Nutanix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $103,904 and 7, calls, for a total amount of $427,750.
<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 $37.5 to $72.5 for Nutanix over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nutanix's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nutanix's significant trades, within a strike price range of $37.5 to $72.5, over the past month.
<h3>Nutanix Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713468823_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>NTNX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.2</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$72.50</td>
<td>$125.0K</td>
<td style="text-align: right;">200</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NTNX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.95</td>
<td>$2.55</td>
<td>$2.95</td>
<td>$47.50</td>
<td>$72.0K</td>
<td style="text-align: right;">500</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NTNX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.3</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$72.50</td>
<td>$70.5K</td>
<td style="text-align: right;">165</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NTNX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$11.4</td>
<td>$11.4</td>
<td>$11.4</td>
<td>$50.00</td>
<td>$57.0K</td>
<td style="text-align: right;">606</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>NTNX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$22.1</td>
<td>$21.9</td>
<td>$21.98</td>
<td>$37.50</td>
<td>$52.7K</td>
<td style="text-align: right;">719</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Nutanix</h3>
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
<h3>Where Is Nutanix Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,127,914, the NTNX's price is down by -2.2%, now at $59.38. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 34 days.</li>
</ul>
<h3>Expert Opinions on Nutanix</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $69.0.
<ul>
<li>An analyst from Susquehanna persists with their Positive rating on Nutanix, maintaining a target price of $75. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Nutanix, targeting a price of $63. </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 Nutanix, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

NTNX

What the Options Market Tells Us About Nutanix

Deep-pocketed investors have adopted a bullish approach towards Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</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 OKTA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Okta. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 57% leaning bullish and 42% bearish. Among these notable options, 7 are puts, totaling $780,650, and 7 are calls, amounting to $1,614,798.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $110.0 for Okta, spanning the last three months.
<h3>Insights into 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 Okta'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 Okta's whale trades within a strike price range from $70.0 to $110.0 in the last 30 days. 
<h3>Okta 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713468818_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>OKTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.4</td>
<td>$10.05</td>
<td>$10.2</td>
<td>$110.00</td>
<td>$612.0K</td>
<td>5.2K</td>
<td>0</td>
</tr>
<tr>
<td>OKTA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$15.05</td>
<td>$14.6</td>
<td>$14.8</td>
<td>$85.00</td>
<td>$592.0K</td>
<td>33</td>
<td>400</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.24</td>
<td>$2.16</td>
<td>$2.15</td>
<td>$100.00</td>
<td>$360.5K</td>
<td>745</td>
<td>2.0K</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$97.50</td>
<td>$263.5K</td>
<td>163</td>
<td>0</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.45</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$100.00</td>
<td>$231.0K</td>
<td>1.7K</td>
<td>2</td>
</tr>
</tbody>
</table>

<h3>About Okta</h3>
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Following our analysis of the options activities associated with Okta, we pivot to a closer look at the company's own performance.
<h3>Okta's Current Market Status</h3>
<ul>
<li>Trading volume stands at 499,170, with OKTA's price down by -0.21%, positioned at $93.6.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 41 days.</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 Okta with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

OKTA

Spotlight on Okta: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards CF Industries Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</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 CF usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for CF Industries Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $328,455, and 5 are calls, amounting to $183,379.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $72.5 to $100.0 for CF Industries Holdings during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CF Industries Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CF Industries Holdings's significant trades, within a strike price range of $72.5 to $100.0, over the past month.
<h3>CF Industries Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713468813_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>CF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$2.35</td>
<td>$1.9</td>
<td>$1.9</td>
<td>$82.00</td>
<td>$201.9K</td>
<td>137</td>
<td>2.1K</td>
</tr>
<tr>
<td>CF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.2</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$75.00</td>
<td>$99.0K</td>
<td>821</td>
<td>0</td>
</tr>
<tr>
<td>CF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$3.7</td>
<td>$3.0</td>
<td>$3.5</td>
<td>$87.50</td>
<td>$52.5K</td>
<td>49</td>
<td>0</td>
</tr>
<tr>
<td>CF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$100.00</td>
<td>$51.1K</td>
<td>641</td>
<td>9</td>
</tr>
<tr>
<td>CF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.15</td>
<td>$2.05</td>
<td>$2.05</td>
<td>$82.50</td>
<td>$28.7K</td>
<td>1.2K</td>
<td>53</td>
</tr>
</tbody>
</table>

<h3>About CF Industries Holdings</h3>
CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.
<h3>CF Industries Holdings's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,597,435, the CF's price is up by 3.59%, now at $80.59. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<h3>Expert Opinions on CF Industries Holdings</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $78.5.
<ul>
<li>Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $88.</li>
<li>Maintaining their stance, an analyst from Berenberg continues to hold a Hold rating for CF Industries Holdings, targeting a price of $69. </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 CF Industries Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on CF Industries Holdings: Analyzing the Surge in Options Activity

SNGX

Soligenix shares are trading lower after the company announced the pricing of a $4.75 million public offering.

The recent market debuts of Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) and Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) reignited a longstanding debate among investors: do surging initial stock prices suggest underpricing, leaving potential value untapped?
What Happened: Investors in Reddit&#8217;s recent initial public offering (IPO) reaped swift returns. Those who put money into Trump Media, the parent company of Truth Social, saw the value of their stock plummet from a high of $79.38 per share to a dismal $22.55.
See below.
<h2 class="wp-block-heading">Trump Media Stock&#8217;s Decline Has Outpaced Reddit Stock</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18133354/newplot-3-1.png" alt="" class="wp-image-298499" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18133354/newplot-3-1.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18133354/newplot-3-1-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/general/politics/24/04/38298524/trump-sees-net-worth-dip-below-4b-after-truth-social-stock-tumbles-could-ex-president-sell-share">Trump Sees Net Worth Dip Below $4B After Truth Social Stock Tumbles: Could Ex-President Sell Shares Soon?</a>
Trump Media&#8217;s stock price, on last check, is up more than 20.8% and trading at around $31.91 a share. 
But in examining their performance since March 25, Trump Media&#8217;s stock has witnessed a 47.15% decline.
Reddit&#8217;s journey was quite different. The company issued 18.6 million shares at $34 each, totaling $632 million. Despite raising $277 million less than Trump Media, Reddit&#8217;s stock debuted at $48.88 per share, valuing the company at $909 million. 
Since its debut, the company has experienced a 34.5% downturn. A hypothetical $1000 investment in Reddit stock on March 25 would have yielded $126.49 more than the same investment in Trump Media stock.
Why It Matters: Market insights highlight a moderate correlation between the price movements of both stocks. 
Analyst sentiment leans cautiously towards Trump Media, with limited coverage. On the other hand, Reddit garners optimism, boasting a consensus Buy rating with a 23.55% upside potential.
While both IPOs captured attention, Reddit&#8217;s efficient market debut starkly contrasts with Trump Media&#8217;s tumultuous journey. As investors continue to evaluate their performance, the market presents a dynamic landscape ripe with speculation and opportunity.
Read Next: <a href="https://www.benzinga.com/general/social-media/24/04/38296353/trump-media-stock-roller-coaster-ride-continues-after-live-tv-platform-announcement">Trump Media Stock Roller Coaster Ride Continues After Live TV Platform Announcement</a>
Image: Shutterstock

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Trump Media Vs. Reddit — Analyzing The Showdown Of Social Media Giants

Dear FOSL Directors,
Fossil is a $1 bill + co., and a solid brand with ample opportunity, one that enjoys high gross margins in excess of 50%. Judging by the actions of the board and management, there is a lack of urgency in executing its strategic initiatives and returning to profitability.
To date, we have little to show as a result of the Transform and Grow plan (TAG). Fossil shares are down approximately 80% since the plan was announced in February 2023. Despite closing stores and slashing headcount, the company still reported a loss for the year. You routinely miss your own guidance. In our opinion, closing 50 additional stores in 2024 via lease expirations simply isn't going to move the needle. We are concerned that narrowing losses and subsequent profits will continue to be elusive. Management needs to take a faster approach in reducing expenses, identify profitable segments, and implement these measures in a rapid cadence. I question the lack of wisdom in your 3-year implementation of TAG. It's way too long, creates anxiety within the organization and potentially outside the organization (customers, vendors, partners, etc.)… not to mention the long delay in profitability starting in 2025. Instead of "ripping the band-aid off", you have opted for "death by a thousand cuts".
We ended the year with $117M of cash, a $56M tax refund forthcoming in 1H 2024, and roughly $20M of non-core property up for sale by our estimation. We have the liquidity to fix the business! The total being potentially $177M of gross cash. You have hired 2 prominent advisors to assist you which likely is expensive. Why haven't you done the obvious??? You can potentially buy back your baby bonds that have a face value of $150M. They are currently trading in the market for less than $63M. You have a shot on goal to retire $150M of debt at a 40-50% discount yet you behave like a deer staring into the headlights of a truck about to run you over! This is consistent with your decision to implement a painfully slow and long implementation of TAG. You are clearly sluggish and not moving fast enough. We need quick, decisive, and bold actions! The message of your "non-action" is that you do not understand capital allocation.
KWM owns just under 4% of your 7% debt due in 2026. Given the track record and lack of rapid remediation, we believe that KWM can assist the company by having board representation. Sadly, you are likely spending millions of dollars on outside advisors that have little to no skin in the game and have not delivered results yet. We look forward to your response and working with you in a constructive fashion going forward.
Sincerely,
David Kanen
President/CEO
Kanen Wealth Management
<a href="mailto:dkanen@kanenadvisory.com">dkanen@kanenadvisory.com</a>

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