Flower One Hldgs Stock (OTC:FLOOF), Trade Ideas

Flower One Hldgs

Flower One Holdings Inc through its wholly‐owned subsidiaries, is a cannabis cultivator and producer and is licensed for medical and recreational cannabis cultivation and production in the State of Nevada. Its properties will be used for cannabis cultivation as well as the processing, production, and high-volume packaging of dry flower, cannabis oils, concentrates, and infused products. It produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for the top-performing brands in cannabis.

Cannabis

News

Markets

FLOOF

CSE:FONE

Flower One Holdings Inc. (OTCEM:FLOOF) (CSE:FONE) (FSE:F11), the Canadian parent company of the cannabis cultivator and producer in Nevada, announced that the Canadian company and its Canadian subsidiaries sought and obtained an initial order of the Supreme Court of British Columbia pursuant to the Companies’ Creditors Arrangement Act.

Flower One To Go Private, Initiates Restructuring Of Its Balance Sheet

Earnings

Penny Stocks

Flower One Holdings Inc. (OTCQB: FLOOF) (CSE:FONE)(FSE:F11), released its financial and operating results for the second quarter ended June 30, 2022, revealing revenue of $7.9 million, a decrease of 56% compared to $18.3 million in Q2 2021.

Illicit Cannabis Market Takes A Punch At Another Licensed Producer: Flower One Q2 Revenue Drops 56% YoY

Flower One Holdings Inc. (OTCQX: FLOOF) (CSE:FONE) (FSE:F11) has extended the maturity date of its $6 million short-term debt from July 24, 2022 to December 31, 2022. The remaining terms of the short-term debt remain in place.

Flower One Extends The Maturity Date Of Its Short-Term Debt

FLOWER ONE HOLDINGS INC by Flower One Holdings Inc.

Flower One Holdings Inc

<p><a href="https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#" title="https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#">https://pericles.ipaustralia.gov.au/ols/auspat/applicationDetails.do?applicationNo=2018215090#</a></p>


Biotech

Global

General

AGRI

AgriForce Growing Systems Has Been Granted Australian Patent Number 2018215090 Titled "High Fiber, High Protein, Low Carbohydrate Flour, Sweetened Liquid, Sweeteners, Cereals, And Methods For Production Thereof"

WIIM

CTRI

Centuri IPO shares are trading higher following Thursday's IPO.

IART

Integra LifeSciences shares are trading lower. The company announced it will reschedule its Q1 financial results conference call.

<p><strong>Top Stories for April 19, 2024:</strong></p>
<p>1. Chairman and Co-Founder of <strong>U.S. Gold</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>)<strong> Luke Norman </strong>announced the company closed its $4.9 million offering from existing shareholders, strengthening their financial stance as they anticipate a mining <a href="https://www.benzinga.com/topic/gold">permit by mid-year.</a> </p>
<p>This capital will boost exploration and development, especially with the CK project in Wyoming, where they aim to be the first new hardrock mine in nearly a century.&nbsp;</p>
<p>Supported by favorable market conditions and a supportive regulatory environment, Norman believes U.S. Gold Corp is well-positioned to expand operations and enhance investor value, with further updates expected as they progress.</p>
<p>2. The securities law firm Glancy Prongay &amp; Murray LLP launched an investigation into <strong>Compass Minerals</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) for potential federal securities law violations.</p>
<p>The announcement stems from Compass&#8217;s disclosure that the U.S. Forest Service will not use its magnesium chloride-based fire retardants in 2024 due to safety concerns from aircraft corrosion.&nbsp;</p>
<p>This news led to a 17.1% drop in Compass&#8217;s stock price, the law firm is investigating on behalf of shareholders.</p>
<p><em>Also Read:</em><a href="https://www.benzinga.com/topic/mining"><em> </em></a><a href="https://www.benzinga.com/news/24/04/38313888/new-canadian-budget-deemed-mixed-bag-for-mining-sector"><em>New Canadian Budget Deemed Mixed Bag For Mining Sector</em></a></p>
<p>3. <strong>Newmont </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) announced the appointment of <strong>Francois Hardy</strong> as Chief Technology Officer (CTO). </p>
<p>Francois will join Newmont&#8217;s executive leadership team and lead the technical work across the business to improve operational performance and drive growth.&nbsp;</p>
<p>Francois will take over for interim CTO, <strong>Dean Gehring</strong>, who also served in a dual role as Newmont&#8217;s Chief Integration Officer.&nbsp;</p>
<p>After a period of transition, Gehring will be leaving the company in early July.</p>
<p>4. UBS analyst Curt Woodworth maintained <strong>Alcoa </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) with a Sell rating and raised his price target from $27 to $32 following its Q1 earnings.</p>
<p>Meanwhile, Jefferies analyst Chris LaFemina maintained Alcoa with a Buy rating and raised his price target from $45 to $48.</p>
<p>BMO Capital Markets analyst Katja Jancic also raised her price target from $35 to $37 and maintained a Market Perform rating.</p>
<p><em>Now Read:</em><a href="https://www.benzinga.com/"><em> </em></a><a href="https://www.benzinga.com/government/24/04/38315652/biden-plan-to-reportedly-block-alaska-mine-access-draws-industry-ire-frankly-i-am-disgusted"><em>Biden Plan To Reportedly Block Alaska Mine Access Draws Industry Ire: &#8216;Frankly, I Am Disgusted&#8217;</em></a></p>
<p><strong><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!</em></strong></p>
<p><em>Photo: Shutterstock</em></p>


Commodities

USAU

US Gold Closes $4.9M Offering; Law Firm Investigates Compass Minerals; Newmont Appoints New CTO And More: Friday's Top Mining Stories

SNAP

Snap shares are trading higher amid tech weakness. The stock recently gained amid reports of support for a TikTok crackdown bill.

<p>Hemp is federally legal and cannabis is not. Is that the only difference between these related plants and the two markets they create? What should investors know about each market before jumping in? </p>
<p>A serious conversation led by industry experts <strong>Bret Worley</strong>, CEO of <strong>MC Nutraceuticals</strong>, <strong>Norman Birenbaum</strong>, Senior Public Health Advisor at the FDA, <strong>Pamela Epstein</strong>, chief legal &amp; regulatory officer <strong>Terpene Belt Farms,</strong> <strong>Keith Bushfield</strong> president &amp; CEO of<strong> Rexis Biotech</strong>. These professionals shared their expertise and advice on the stage at <a href="https://www.benzinga.com/events/cannabis-conference/livestream/" target="_blank" rel="noreferrer noopener">The Diplomat Beach Resor</a><a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">t</a> in Hollywood in a panel moderated by <strong>Justin Swanson</strong>, partner at <strong>Bose McKinney and Evans. </strong></p>
<p>It's&nbsp;been more than five years since Donald Trump signed the 2018 Farm Bill, which effectively legalized hemp and hemp-derived products. Under the bill, hemp&nbsp;is considered&nbsp;to have only 0.3% delta 9 THC.&nbsp;This, however,&nbsp;left many questions unanswered and&nbsp;many&nbsp;products without proper regulations.&nbsp;What about products derived from hemp, are&nbsp;they food or supplements?</p>
<p>The new Farm Bill was due in 2023, but the legislature failed to meet the deadlines,&nbsp;which is why&nbsp;the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cannabis/23/11/35822504/house-extends-2018-farm-bill-usda-tells-food-safety-workers-to-avoid-cbd-thc-products-more" rel="noreferrer noopener">House recently extended the 2018 Farm Bill</a>&nbsp;through Sept. 30, 2024.</p>
<p>While the industry eagerly awaits the new Farm Bill, Birenabum reminded that we&nbsp;shouldn't&nbsp;expect too much. First things first,&nbsp;"&nbsp;Whether things fall in or outside of the definition of hemp,&nbsp;there&#8217;s&nbsp;a huge market&nbsp;that is there&nbsp;right now.&nbsp;It&#8217;s&nbsp;going to be&nbsp;very,&nbsp;very difficult to take a prohibitionist approach, to get all that toothpaste back in the tube."</p>
<p>Furthermore, Birenbaum cautions that the changes to the Farm Bill&nbsp;"will not provide a comprehensive regulatory structure or the type of regulatory certainty&nbsp;that's&nbsp;needed."&nbsp;</p>
<p>Epstein&nbsp;followed up by&nbsp;saying&nbsp;"It is more difficult to be a multi-state hemp cannabinoid producer than a multi-state cannabis&nbsp;operator,&nbsp;because you have more certainty within the packaging, labeling, advertising restrictions,"&nbsp;referring to the lack of clear regulations across the hemp space.&nbsp;She added that investors and raw producers are interested in long-term sustainability,&nbsp;which&nbsp;is&nbsp;achieved&nbsp;through understanding the safety data and the toxicology behind new products.&nbsp;</p>
<h2 class="wp-block-heading" id="h-honest-integrity-as-the-basis-nbsp"><strong>Honest Integrity As The Basis&nbsp;</strong></h2>
<p>Worley was curious to&nbsp;know&nbsp;"Where did marijuana get it wrong&nbsp;and&nbsp;where did hemp get it right?"&nbsp;He was alluding to the fact that hemp space grew at 3 or 4 times the rate of marijuana. Also, he asked the panelists what is the&nbsp;right&nbsp;regulatory framework.</p>
<p>Epstein explained that a hemp registration is so much easier than a license that burdens applicants with hundreds of thousands, if not millions&nbsp;of&nbsp;dollars before you&nbsp;are even able to&nbsp;earn a penny.&nbsp;In regards to&nbsp;a good framework, she said that the hemp operators need to be responsible to be the stewards that unlock the scheduling.&nbsp;</p>
<p>"Don&#8217;t&nbsp;be afraid of the word intoxicated. We are all selling intoxicants. Alcohol is an intoxicant.&nbsp;It&#8217;s&nbsp;not a scary word.&nbsp;It&#8217;s&nbsp;an honest integrity,"&nbsp;Epstein said.&nbsp;</p>
<p>Bushfield added that&nbsp;there's&nbsp;gonna&nbsp;be&nbsp;"bad actors in every industry,&nbsp;doesn't&nbsp;matter who it is,"&nbsp;which is why we need proper regulations.</p>
<p>"Our compliance department attitude is &#8211;&nbsp;let&#8217;s&nbsp;have every single warning we possibly can put on those cans, and we put it out there even if we&nbsp;don&#8217;t&nbsp;need it, even if&nbsp;we&#8217;re&nbsp;not required. So I think that has to happen across the board,"&nbsp;Bushfield said.&nbsp;</p>
<p>"So, if we all get together, put the right framework in place, the hemp is going to help the cannabis, the cannabis will help the hemp,"&nbsp;he concluded.&nbsp;</p>
<p>The panelists agreed on the importance of education and the fact that prohibition is not helping consumer safety or consumer health.</p>
<p><em>Photo by Jean Laurenceau</em></p>


Events

Exclusives

Hemp Space Grew 3X The Rate Of Cannabis, Where Did Marijuana Get It Wrong?

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Cloudflare</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NET, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 31 uncommon options trades for Cloudflare.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.</p>
<p>Out of all of the special options we uncovered, 20 are puts, for a total amount of $1,894,282, and 11 are calls, for a total amount of $506,082.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $170.0 for Cloudflare during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cloudflare's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cloudflare's significant trades, within a strike price range of $55.0 to $170.0, over the past month.</p>
<h3>Cloudflare Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555966_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$6.35</td>
<td>$6.25</td>
<td>$6.25</td>
<td>$85.00</td>
<td>$306.2K</td>
<td>2.2K</td>
<td style="text-align: right;">214</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.9</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$65.00</td>
<td>$244.0K</td>
<td>3.2K</td>
<td style="text-align: right;">294</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$10.1</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$90.00</td>
<td>$222.7K</td>
<td>3.5K</td>
<td style="text-align: right;">572</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$87.65</td>
<td>$85.85</td>
<td>$85.85</td>
<td>$170.00</td>
<td>$94.4K</td>
<td>1</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$86.45</td>
<td>$83.85</td>
<td>$85.45</td>
<td>$170.00</td>
<td>$93.9K</td>
<td>1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cloudflare</h3>
<p>Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.</p>
<p>After a thorough review of the options trading surrounding Cloudflare, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Cloudflare's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,828,997, the price of NET is down by -3.31%, reaching $83.84.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>What The Experts Say On Cloudflare</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $97.5.</p>
<ul>
<li>Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Cloudflare, targeting a price of $95. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $100. </li>
</ul>
<p>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 Cloudflare with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Unpacking the Latest Options Trading Trends in Cloudflare

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>BlackRock</strong>.</p>
<p>Looking at options history for BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) we detected 9 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $250,836 and 6, calls, for a total amount of $3,655,006.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $700.0 to $770.0 for BlackRock over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of BlackRock stands at 67.71, with a total volume reaching 824.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BlackRock, situated within the strike price corridor from $700.0 to $770.0, throughout the last 30 days.</p>
<h3>BlackRock Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555960_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$49.0</td>
<td>$47.9</td>
<td>$49.0</td>
<td>$740.00</td>
<td>$3.4M</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">700</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$42.5</td>
<td>$41.0</td>
<td>$41.5</td>
<td>$710.00</td>
<td>$124.5K</td>
<td style="text-align: right;">89</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$15.1</td>
<td>$14.7</td>
<td>$15.1</td>
<td>$740.00</td>
<td>$70.8K</td>
<td style="text-align: right;">268</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>BLK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$56.8</td>
<td>$55.2</td>
<td>$55.9</td>
<td>$770.00</td>
<td>$61.4K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>BLK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$15.1</td>
<td>$14.8</td>
<td>$14.99</td>
<td>$740.00</td>
<td>$55.4K</td>
<td style="text-align: right;">268</td>
<td style="text-align: right;">3</td>
</tr>
</tbody>
</table>
</p>
<h3>About BlackRock</h3>
<p>BlackRock is the largest asset manager in the world, with $10.008 trillion in assets under management at the end of December 2023. Its product mix is fairly diverse, with 52% of managed assets in equity strategies, 28% in fixed income, 9% in multi-asset classes, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.</p>
<p>Having examined the options trading patterns of BlackRock, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of BlackRock</h3>
<ul>
<li>With a trading volume of 528,872, the price of BLK is up by 0.22%, reaching $748.93.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 84 days from now.</li>
</ul>
<h3>What The Experts Say On BlackRock</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $893.0.</p>
<ul>
<li>An analyst from Keefe, Bruyette &amp; Woods downgraded its action to Outperform with a price target of $930. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on BlackRock, maintaining a target price of $1025. </li>
<li>An analyst from UBS has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $850. </li>
<li>An analyst from JP Morgan has decided to maintain their Neutral rating on BlackRock, which currently sits at a price target of $767. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for BlackRock, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


BlackRock Unusual Options Activity For April 19

<p>Financial giants have made a conspicuous bearish move on Stryker. Our analysis of options history for Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) revealed 8 unusual trades.</p>
<p>Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $424,828, and 3 were calls, valued at $144,240.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $320.0 to $340.0 for Stryker during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Stryker's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Stryker's significant trades, within a strike price range of $320.0 to $340.0, over the past month.</p>
<h3>Stryker Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555955_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SYK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$20.6</td>
<td>$19.7</td>
<td>$19.7</td>
<td>$320.00</td>
<td>$220.6K</td>
<td>406</td>
<td style="text-align: right;">143</td>
</tr>
<tr>
<td>SYK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$26.2</td>
<td>$24.9</td>
<td>$24.9</td>
<td>$340.00</td>
<td>$74.7K</td>
<td>1.0K</td>
<td style="text-align: right;">45</td>
</tr>
<tr>
<td>SYK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.1</td>
<td>$24.1</td>
<td>$25.1</td>
<td>$330.00</td>
<td>$65.2K</td>
<td>226</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>SYK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$29.6</td>
<td>$28.6</td>
<td>$29.6</td>
<td>$340.00</td>
<td>$50.3K</td>
<td>254</td>
<td style="text-align: right;">17</td>
</tr>
<tr>
<td>SYK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$24.2</td>
<td>$23.4</td>
<td>$24.2</td>
<td>$330.00</td>
<td>$48.4K</td>
<td>226</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>
</p>
<h3>About Stryker</h3>
<p>Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Just over one fourth of Stryker's total revenue currently comes from outside the United States.</p>
<p>Following our analysis of the options activities associated with Stryker, we pivot to a closer look at the company's own performance.</p>
<h3>Stryker's Current Market Status</h3>
<ul>
<li>With a volume of 951,577, the price of SYK is down -0.57% at $325.58. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 11 days.</li>
</ul>
<h3>What The Experts Say On Stryker</h3>
<p>A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $390.5.</p>
<ul>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Stryker, which currently sits at a price target of $406. </li>
<li>An analyst from TD Cowen has decided to maintain their Buy rating on Stryker, which currently sits at a price target of $400. </li>
<li>An analyst from RBC Capital persists with their Outperform rating on Stryker, maintaining a target price of $386. </li>
<li>An analyst from Evercore ISI Group persists with their Outperform rating on Stryker, maintaining a target price of $370. </li>
</ul>
<p>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 Stryker options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Stryker Unusual Options Activity For April 19

ROKU

Roku shares are trading lower in sympathy with Netflix, which fell after reporting Q1 financial results.

AMZN

Amazon shares are trading lower amid overall tech weakness.

UBER

Uber shares are trading lower. The stock fell earlier in the week on reports senators are seeking information on delivery companies' junk fees.

<p><a href="https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter">https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter</a></p>
<p>The U.S. Border Patrol is asserting its right to seize cannabis shipments — including commercial, state-authorized supplies — as licensed cannabis providers file complaints that more than $300,000 worth of marijuana has been confiscated in recent months at highway checkpoints in southern New Mexico.</p>
<p>New Mexico's Democratic governor says the disruptions prompted a discussion this week with U.S. Homeland Security Secretary <a href="https://apnews.com/hub/alejandro-mayorkas">Alejandro Mayorkas</a>, whose impeachment charges were dismissed this week. Gov. Michelle Lujan Grisham says she voiced concerns that the scrutiny of cannabis companies appears to be greater in New Mexico than <a href="https://apnews.com/article/420-history-marijuana-07ecdd87c4756cc4a1dbd4ad3b1f682c">states with regulated markets</a> that aren't along the U.S. border with Mexico.</p>
<p>Authorized cannabis sales in New Mexico have exceeded $1 billion since regulation and <a href="https://apnews.com/article/health-business-texas-new-mexico-marijuana-f786a646543955f1db4a9e51cee79e8c">taxation of the recreational market</a> began two years ago. Yet cannabis transport drivers say they have been detained hours while supplies are seized at permanent Border Patrol checkpoints that filter inbound traffic for unauthorized migrants and illegal narcotics, typically located about 60 miles (100 kilometers) from the U.S. border.</p>
<p>"Secretary Mayorkas assured the governor that federal policies with respect to legalized cannabis have not changed," said Lujan Grisham spokesperson Michael Coleman in an email. "Regardless, the governor and her administration are working on a strategy to protect New Mexico's cannabis industry."</p>
<p>Managers at 10 cannabis businesses including transporters last week petitioned New Mexico's congressional delegation to broker free passage of shipments, noting that jobs and investments are at stake, and that several couriers have been sidelined for "secondary inspection" and fingerprinted at Border Patrol checkpoints.</p>
<p>"We request that operators who have had product federally seized should be allowed to either get their product returned or be monetarily compensated for the losses they've sustained," the letter states.</p>
<p>U.S. Sen. Martin Heinrich said the Department of Homeland Security should be focused on urgent priorities that don't include cannabis suppliers that comply with state law.</p>
<p>"Stopping the flow of illicit fentanyl into our country should be the Department of Homeland Security's focus at these checkpoints, not seizing cannabis that's being transported in compliance with state law," the senator said in a statement, referring to the parent agency for U.S. Customs and Border Patrol. "New Mexicans are depending on federal law enforcement to do everything they can to keep our communities safe. Our resources should be used to maximize residents' safety, not distract from it."</p>
<p>A public statement Thursday from the U.S. Border Patrol sector overseeing New Mexico provided a reminder that cannabis is still a "Schedule 1" drug, a designation also assigned to heroin and LSD.</p>
<p>"Although medical and recreational marijuana may be legal in some U.S. States and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law," the agency's statement said. "Consequently, individuals violating the Controlled Substances Act encountered while crossing the border, arriving at a U.S. port of entry, or at a Border Patrol checkpoint may be deemed inadmissible and/or subject to, seizure, fines, and/or arrest."</p>
<p>Matt Kennicott, an owner of Socorro-based High Maintenance, a cannabis business, said seizures by Border Patrol started in February without warning and create uncertainty about shipments that include samples for consumer-safety testing. He said cannabis producers in southernmost New Mexico rely on testing labs farther north, on the other side of Border Patrol checkpoints, to comply with safeguards against contaminants like mold or pesticides.</p>
<p>"It's not a little confusing, it's a lot confusing," he said. "We're trying to figure out where this directive came from."</p>


Trading Ideas

AKAN

CRON

GRWG

MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

IMCC

LFLY

MAPS

MSOS

SNDL

TLRY

'Cannabis Seizures At Checkpoints By U.S.-Mexico Border Frustrates State-Authorized Pot Industry' - Audacy Citing AP

COIN

Coinbase shares are trading lower, reversing after earlier gaining with a rise in Bitcoin.

SPOT

Spotify shares are trading lower despite a lack of negative company-specific news.

<p>Deep-pocketed investors have adopted a bearish approach towards Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</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 WOLF usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Wolfspeed. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 6 are puts, totaling $1,620,510, and 9 are calls, amounting to $724,498.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $60.0 for Wolfspeed over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>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 Wolfspeed'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 Wolfspeed's whale trades within a strike price range from $15.0 to $60.0 in the last 30 days. </p>
<h3>Wolfspeed Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555099_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.7</td>
<td>$4.5</td>
<td>$4.55</td>
<td>$20.00</td>
<td>$1.3M</td>
<td>18.2K</td>
<td>5.5K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.45</td>
<td>$2.3</td>
<td>$2.45</td>
<td>$30.00</td>
<td>$245.1K</td>
<td>221</td>
<td>1.0K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$60.00</td>
<td>$215.1K</td>
<td>681</td>
<td>855</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$2.2</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$25.00</td>
<td>$82.3K</td>
<td>3.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$3.4</td>
<td>$2.95</td>
<td>$3.3</td>
<td>$60.00</td>
<td>$63.0K</td>
<td>681</td>
<td>855</td>
</tr>
</tbody>
</table>
</p>
<h3>About Wolfspeed</h3>
<p>Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.</p>
<p>After a thorough review of the options trading surrounding Wolfspeed, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Wolfspeed Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,333,532, the WOLF's price is down by -5.19%, now at $22.49. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 12 days.</li>
</ul>
<h3>What Analysts Are Saying About Wolfspeed</h3>
<p>In the last month, 4 experts released ratings on this stock with an average target price of $32.5.</p>
<ul>
<li>An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $30. </li>
<li>An analyst from Susquehanna persists with their Neutral rating on Wolfspeed, maintaining a target price of $35. </li>
<li>Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $30.</li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Wolfspeed with a target price of $35. </li>
</ul>
<p>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 Wolfspeed options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


WOLF

Looking At Wolfspeed's Recent Unusual Options Activity

<p>Deep-pocketed investors have adopted a bearish approach towards Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</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 PINS usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Pinterest. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 9 are puts, totaling $453,788, and 6 are calls, amounting to $728,762.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $45.0 for Pinterest over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Pinterest's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Pinterest's significant trades, within a strike price range of $30.0 to $45.0, over the past month.</p>
<h3>Pinterest Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555093_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.85</td>
<td>$4.65</td>
<td>$4.66</td>
<td>$45.00</td>
<td>$582.5K</td>
<td>431</td>
<td>1.2K</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.29</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$30.00</td>
<td>$112.5K</td>
<td>240</td>
<td>500</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$11.7</td>
<td>$11.6</td>
<td>$11.7</td>
<td>$44.00</td>
<td>$98.2K</td>
<td>168</td>
<td>84</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.78</td>
<td>$2.69</td>
<td>$2.69</td>
<td>$30.00</td>
<td>$72.0K</td>
<td>91</td>
<td>268</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.59</td>
<td>$2.58</td>
<td>$2.59</td>
<td>$33.00</td>
<td>$34.7K</td>
<td>2.9K</td>
<td>189</td>
</tr>
</tbody>
</table>
</p>
<h3>About Pinterest</h3>
<p>Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.</p>
<p>Following our analysis of the options activities associated with Pinterest, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Pinterest</h3>
<ul>
<li>Trading volume stands at 5,218,165, with PINS's price down by -1.58%, positioned at $32.39.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>What Analysts Are Saying About Pinterest</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $48.0.</p>
<ul>
<li>An analyst from Piper Sandler downgraded its action to Overweight with a price target of $48. </li>
</ul>
<p>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 Pinterest with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


PINS

Smart Money Is Betting Big In PINS Options

<p>Deep-pocketed investors have adopted a bearish approach towards Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</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 AA usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Alcoa. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 9 are puts, totaling $505,027, and 2 are calls, amounting to $149,975.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $50.0 for Alcoa over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>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 Alcoa'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 Alcoa's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days. </p>
<h3>Alcoa Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555088_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$14.9</td>
<td>$14.8</td>
<td>$14.8</td>
<td>$50.00</td>
<td>$128.7K</td>
<td>24</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.25</td>
<td>$35.00</td>
<td>$110.5K</td>
<td>329</td>
<td style="text-align: right;">260</td>
</tr>
<tr>
<td>AA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$10.75</td>
<td>$10.6</td>
<td>$10.75</td>
<td>$25.00</td>
<td>$102.1K</td>
<td>500</td>
<td style="text-align: right;">96</td>
</tr>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.85</td>
<td>$35.00</td>
<td>$56.5K</td>
<td>530</td>
<td style="text-align: right;">986</td>
</tr>
<tr>
<td>AA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.5</td>
<td>$5.4</td>
<td>$5.5</td>
<td>$35.00</td>
<td>$47.8K</td>
<td>1.4K</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>
</p>
<h3>About Alcoa</h3>
<p>Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.</p>
<h3>Alcoa's Current Market Status</h3>
<ul>
<li>Trading volume stands at 6,025,898, with AA's price up by 0.49%, positioned at $35.65.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 89 days.</li>
</ul>
<h3>What Analysts Are Saying About Alcoa</h3>
<p>Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $37.0.</p>
<ul>
<li>An analyst from B. Riley Securities has decided to maintain their Neutral rating on Alcoa, which currently sits at a price target of $31. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Alcoa, targeting a price of $37. </li>
<li>An analyst from UBS persists with their Sell rating on Alcoa, maintaining a target price of $32. </li>
<li>An analyst from Jefferies has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $48. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Alcoa, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In Alcoa Options

Entergy shares are trading higher. KeyBanc maintained its Overweight rating on the stock and raised its price target from $108 to $112.

Kinder Morgan shares are trading higher. The company onWednesday reported Q1 earnings and increased its quarterly dividend.