Falco Resources Ltd is engaged in the exploration and evaluation of its mineral properties in the Rouyn-Noranda district for the base and precious metals. The company explores for the base and precious metals, such as gold, silver, copper, and zinc deposits. All the company's operations and assets are all located in Canada.

FALCO RESOURCES LTD by Falco Resources Ltd.

Falco Resources

Federal Reserve

Fed's Kaplan Says Taper Of U.S. Central Bank's Bond Purchases Should Start 'Soon' And Be Gradual

WIIM

LUMN

Lumen Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results.

<p><strong>Apple&nbsp;Inc&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appl#NASDAQ">APPL</a>) is leaving no stone unturned, as the speculated launch schedule of the company&#39;s new iPhone iteration draws close.</p>
<p><strong>What Happened: </strong> Apple has contracted Chinese electronics company<strong> Luxshare Precision Industry </strong>to make about 3% of the iPhone 13 models, the Nikkei reported.</p>
<p>Luxshare has gained at the expense of Apple&#39;s longtime Taiwan-based suppliers <strong>Hon Hai Precision Industry Co., Ltd. </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnhpf#OTC">HNHPF</a>) &mdash; also known as Foxconn &mdash; and <strong>Pegatron</strong>, the report said.</p>
<p>Despite Luxshare not having experience with building iPhones, it is being vested with the responsibility of making the premium iPhone 13 Pro variant, the Nikkei said, citing sources.</p>
<p>Additionally, Luxshare&#39;s recently acquired companies <strong>Cowell</strong>, a maker of camera modules, and <strong>Casetek,</strong> a maker of metal frames, will also supply key components for the iPhone 13, the Nikkei said.</p>
<p>Apple is reportedly aiming to produce about 90 million to 95 million of iPhones through January.</p>
<p><em>Related Link: <a href=" https://www.benzinga.com/analyst-ratings/analyst-color/21/07/21857802/why-this-apple-stock-analyst-says-its-time-to-buy"> Why This Apple Stock Analyst Says It&#39;s Time To Buy </a></em></p>
<p><strong>Why It&#39;s Important: </strong> The addition of Chinese companies to Apple&#39;s panel of suppliers comes at a time the U.S. is clamping down on Chinese chipmakers.</p>
<p>Apple&#39;s relationship with Luxshare could help increase Cupertino&#39;s bargaining power with its major supplier <strong>Foxconn</strong>, the Nikkei said, citing an analyst at Isaiah Research.</p>
<p>Wedbush analyst Daniel Ives expects the&nbsp;<a href=" https://www.benzinga.com/analyst-ratings/analyst-color/21/07/21859777/what-we-know-about-apples-next-iphone">iPhone 13 </a> to arrive in late September. The analyst said the new iPhone will include a number of enhancements, with Lidar across all models.</p>
<p>Reports also suggest Apple&#39;s chip suppliers <strong>Taiwan Semiconductor Mfg. Co. Ltd.&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), <strong>Gensys Logic </strong>and <strong>Parade Technologies </strong>are&nbsp;<a href=" https://www.benzinga.com/tech/21/05/21299108/tsm-starts-production-of-a15-bionic-chip-for-apple-iphone-13-report">working overtime </a> to keep up with chip commitments for the iPhone 13.</p>
<p>At last check Wednesday, Apple shares were down 0.18% at $147.10.</p>
<p><em>Related Link: <a href=" https://www.benzinga.com/analyst-ratings/analyst-color/21/07/22107566/how-apple-neutralized-any-short-term-weakness-the-market-was-anticipating"> How Apple Neutralized Any Short-Term Weakness The Market Was Anticipating </a></em></p>


News

Global

Tech

Media

AAPL

HNHPF

Apple Enlists More Asian Suppliers to Ramp Up iPhone 13 Production as Launch Schedule Looms: Report

<ul>
<li>The World Health Organization (WHO) has called on wealthy nations to stop the distribution of COVID-19 booster shots, citing vaccine inequity worldwide.</li>
<li>The World Health Organization called for a moratorium on booster shots until at least the end of September because of a shortfall in vaccine supplies to developing countries.</li>
<li>While richer countries have&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/who-calls-for-halt-to-covid-19-booster-shots-11628091445?mod=latest_headlines" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">administered 100 doses for every 100 people</a>, the agency said that low-income countries had administered just 1.5 doses per 100 people.</li>
<li>The agency said the halt would give the world a chance to meet the director-general&rsquo;s goal of vaccinating 10% of the population of every country by the end of September.</li>
<li>&ldquo;We need an urgent reversal from the majority of vaccines going to high-income countries, to the majority going to low-income countries,&rdquo; WHO Director-General Tedros Adhanom Ghebreyesus said at a press briefing.</li>
<li>The request is part of Ghebreyesus&rsquo; plan to vaccinate 40% of the world by December.</li>
<li>Last week, Israeli President Isaac Herzog received the third shot, kicking off a&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/healthcare-pharmaceuticals/who-calls-moratorium-covid-19-vaccine-booster-doses-until-september-end-2021-08-04/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">campaign to give booster doses</a>&nbsp;to people over 60 years in the country.</li>
<li>Recently, the U.S. signed a deal with&nbsp;<strong>Pfizer Inc</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and&nbsp;<strong>BioNTech SE</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) to&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/21/07/22122298/us-government-calls-for-additional-200m-doses-of-pfizer-biontech-covid-shot" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">buy 200 million additional doses</a>.</li>
<li><em>Photo by Johaehn from Pixabay</em></li>
</ul>


Biotech

Government

Health Care

General

BNTX

MRNA

NVAX

WHO Asks To Hold Off COVID-19 Vaccine Booster Shots Citing Inequality: Report

<p><strong>Howmet Aerospace Inc&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>)<a class="editor-rtfLink" href="https://www.howmet.com/financial-release/2021-08-04/howmet-aerospace-delivers-on-second-quarter-2021-commitments-with-expectations-for-a-stronger-second-half-2021/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&nbsp;reported a second-quarter</a>&nbsp;sales decline of 4.6% year-over-year to $1.19 billion, missing the estimate of $1.21 billion.</p>
<ul>
<li>The decline was attributed to the commercial aerospace market (down 31% Y/Y), driven by COVID-19 and Boeing 787 production declines.</li>
<li><strong>Sales by segments:</strong>&nbsp;Engine Products $544 million (-7% Y/Y), Fastening Systems $262 million (-20% Y/Y), Engineered Structures $160 million (-30% Y/Y) and Forged Wheels $229 million (+103% Y/Y).</li>
<li>Adjusted EPS improved to $0.22 from $0.12 in 2Q20, in line with the consensus of $0.22.</li>
<li>The operating income increased by 180% Y/Y to $207 million, and the margin expanded by 1,142 bps to 17.3%. Operating income excluding special items was $205 million, up 14% Y/Y.</li>
<li>The company generated cash from operating activities year-to-date of $79 million, compared to cash used of $177 million a year ago, and adjusted Free cash flow of $160 million.&nbsp; &nbsp; &nbsp;&nbsp;</li>
<li>Adjusted EBITDA was $272 million, compared to $275 million in 1Q21, and margin expanded by 10 bps to 22.8% vs. 19.7 in 2Q20.</li>
<li>Howmet repurchased ~6 million shares in Q2 2021 for $200 million. It ended the quarter with a cash balance of $716 million.</li>
<li>Howmet Aerospace reinstated a quarterly dividend, declaring a dividend of $0.02 per share, to be paid on August 25, 2021, to the holders of record of the common stock at the close of business on August 6, 2021.</li>
<li><strong>Q3 Outlook:</strong>&nbsp;Howmet Aerospace expects revenue of $1.28 billion -$1.32 billion, Adjusted EBITDA of $285 million - $305 million, and a margin of 22.3%-23.1%. It expects an adjusted EPS of $0.23-$0.27.</li>
<li>It expects FY21 revenue of $5.05 billion - $5.15 billion, Adjusted EBITDA of 1.145 billion - $1.17 billion, and a margin of 22.7%-23.0%.</li>
<li>It sees an adjusted EPS of $0.95-$1.02 and an adjusted free cash flow of $415 million -$485 million.</li>
<li><strong>Price Action:</strong>&nbsp;HWM shares trading lower by 6.03% at $31.01 on the last check Wednesday.</li>
</ul>


Earnings

Guidance

Short Ideas

Movers

Trading Ideas

Why Did Howmet Aerospace Shares Fall Today?

<p><strong>Ferrari</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) shares experienced unusual options activity on Wednesday. The stock price moved up to $211.53 following the option alert. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-13</li>
<li>Strike Price: $212.50</li>
<li>Volume: 750</li>
<li>Open Interest: 899</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
<p>Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


RACE

Analyzing Ferrari's Unusual Options Activity

<p>On Wednesday, shares of <strong>iShares J.P. Morgan USD Emerging Markets Bond ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMB#NASDAQ">EMB</a>) saw unusual options activity. After the option alert, the stock price moved down to $112.45. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-08-27</li>
<li>Strike Price: $108.00</li>
<li>Volume: 5000</li>
<li>Open Interest: 11029</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.</p>
<p>Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Using These Strategies To Trade Options</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


iShares JPMorgan USD Emerging Markets Bond Fund

Understanding iShares J.P. Morgan USD Emerging Markets Bond ETF's Unusual Options Activity

<p>Shares of <strong>Uber Technologies</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $41.4. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $40.00</li>
<li>Volume: 1090</li>
<li>Open Interest: 4741</li>
</ul>
<h2>Three Indications Of Unusual Options Activity</h2>
<p>Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.</p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


UBER

Analyzing Uber Technologies's Unusual Options Activity

<p><strong>News</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) shares experienced unusual options activity on Wednesday. The stock price moved up to $24.29 following the option alert. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $25.00</li>
<li>Volume: 1261</li>
<li>Open Interest: 4446</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Using These Strategies To Trade Options</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


NWSA

Unusual Options Activity Insight: News

<p><strong>NOW</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) shares experienced unusual options activity on Wednesday. The stock price moved down to $8.08 following the option alert. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $10.00</li>
<li>Volume: 213</li>
<li>Open Interest: 433</li>
</ul>
<h2>Three Indications Of Unusual Options Activity</h2>
<p>One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.</p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


DNOW

Understanding NOW's Unusual Options Activity

<p>Shares of <strong>Wells Fargo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $46.45. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-12-17</li>
<li>Strike Price: $42.50</li>
<li>Volume: 2985</li>
<li>Open Interest: 3242</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it. </p>
<p>Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Using These Strategies To Trade Options</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Unusual Options Activity Insight: Wells Fargo

<p>On Wednesday, shares of <strong>Tellurian</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) saw unusual options activity. After the option alert, the stock price moved down to $3.0. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-10-15</li>
<li>Strike Price: $3.00</li>
<li>Volume: 1174</li>
<li>Open Interest: 9316</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it. </p>
<p>The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


TELL

Unusual Options Activity Insight: Tellurian

<p>Shares of <strong>MP Materials</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $36.17. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $30.00</li>
<li>Volume: 3786</li>
<li>Open Interest: 6767</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
<p>Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>"Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.</p>
<h2>Using These Options Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Analyzing MP Materials's Unusual Options Activity

<p>Shares of <strong>American Express</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $168.58. </p>
<ul>
<li>Sentiment: BULLISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-10-15</li>
<li>Strike Price: $170.00</li>
<li>Volume: 4774</li>
<li>Open Interest: 9493</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
<p>Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.</p>
<p>The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.</p>
<h2>Using These Options Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Analyzing American Express's Unusual Options Activity

<p>Shares of <strong>Walt Disney</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $171.64. </p>
<ul>
<li>Sentiment: BULLISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2022-06-17</li>
<li>Strike Price: $155.00</li>
<li>Volume: 611</li>
<li>Open Interest: 1639</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Unusual Options Activity Insight: Walt Disney

<p>Shares of <strong>Canadian Pacific Railway</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $73.47. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: SWEEP</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2021-09-17</li>
<li>Strike Price: $68.00</li>
<li>Volume: 301</li>
<li>Open Interest: 6491</li>
</ul>
<h2>Three Ways Options Activity Is ‘Unusual'</h2>
<p>One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.</p>
<h2>Using These Strategies To Trade Options</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Analyzing Canadian Pacific Railway's Unusual Options Activity

<p>Shares of <strong>Fluidigm</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLDM#NASDAQ">FLDM</a>) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $6.94. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-09-17</li>
<li>Strike Price: $5.00</li>
<li>Volume: 200</li>
<li>Open Interest: 711</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. </p>
<h2>Understanding Sentiment</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Trading Options With These Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


FLDM

Unusual Options Activity Insight: Fluidigm

<p>On Wednesday, shares of <strong>Canopy Growth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) saw unusual options activity. After the option alert, the stock price moved down to $18.45. </p>
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: PUT</li>
<li>Expiration Date: 2023-01-20</li>
<li>Strike Price: $15.00</li>
<li>Volume: 450</li>
<li>Open Interest: 250</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
<p>Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).</p>
<p>Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. </p>
<p>Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. </p>
<h2>Bullish And Bearish Sentiments</h2>
<p>Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. </p>
<p>Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. </p>
<h2>Using These Options Strategies</h2>
<p>Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.</p>
<p>For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a></p>


Unusual Options Activity Insight: Canopy Growth

<p>Low float stocks can be some of the most volatile stocks in the market. If you mix in a short squeeze, the potential short-term gains in a low float stock can be extreme.</p>
<p>A stock&#39;s float is the number of shares that trade freely on the public market. Because insiders and institutional investors don&rsquo;t typically trade their shares on a daily basis, those shares don&rsquo;t typically contribute to a stock&#39;s near-term liquidity. Float is the number of shares that remain after accounting for insider and institutional ownership.</p>
<p><strong>Why Is It Important? </strong>When a stock gains positive momentum in the market, momentum buyers can rush in all at once. If a stock has a high short interest, short covering can quickly ramp up demand for shares, triggering a short squeeze. Since low float stocks have relatively few shares trading freely, a major imbalance in supply and demand can serve as rocket fuel for share price.</p>
<p>Buying a low float stock with high short interest isn&rsquo;t a guarantee of a short squeeze. There still typically needs to be some form of catalyst to get the stock moving in the first place. However, traders can keep an eye on these stocks for any signs of life to try to catch most of a potential big move.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/short-sellers/21/07/22203760/3-short-squeeze-candidates-in-the-technology-sector">3 Short Squeeze Candidates In The Technology Sector</a></em></p>
<p><strong>Short Squeeze Candidates:</strong> Here are three materials sector stocks that have all the ingredients for a short squeeze.</p>
<p><strong>Green Plains Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpre#NASDAQ">GPRE</a>)</strong><br />
Green Plains produces fuel-grade ethanol and corn oil. The stock is already up 186.8% year-to-date so far in 2021, demonstrating its potential for volatility. Green Plains has reported negative revenue growth in each of the past four years, but as many meme stock traders have realized in 2021, short squeezes are technical market phenomena and don&rsquo;t necessarily have anything to do with the company&rsquo;s underlying business fundamentals or the stock&rsquo;s long-term outlook.</p>
<p>Green Plains&rsquo; float isn&rsquo;t minuscule, but it&#39;s relatively small at around 42.5 million. However, 23.1% of its float is currently held short, suggesting a lot of short sellers are already feeling the heat from the 2021 rally, and the potential short squeeze could be just getting started</p>
<p><strong>Timkensteel Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmst#NYSE">TMST</a>)</strong><br />
IT Tech Packaging produces alloy, carbon and micro-alloy steel products. The stock&rsquo;s 37.2 million-share float and its short percent of float of 16.3% are the perfect ingredients for a potential short squeeze.</p>
<p>In addition, short squeeze traders have frequently targeted stocks trading under $15 per share this year, and Timkensteel shares currently trade at just $13.15. Finally, the stock has repeatedly demonstrated its potential volatility, gaining 187.1% year-to-date and spiking from under $5 per share in early February to above $12 by mid-March.</p>
<p><strong>Piedmont Lithium (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pll#NASDAQ">PLL</a>)</strong><br />
Piedmont Lithium explores and develops mineral properties.</p>
<p>Piedmont&rsquo;s 23.6% short percent of float is the highest among the three stocks mentioned, and its 2.62 million-share float is by far the smallest, providing an opportunity for a huge squeeze. Piedmont also has a history of extreme volatility. In September 2020, the stock spiked from under $6 to as high as $54.50 in less than a month when the company announced a supply deal with <strong>Tesla Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).</p>


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