Grupo Financiero Galicia Stock (NASDAQ: GGAL)

Grupo Financiero Galicia Stock (NASDAQ:GGAL), Trade Ideas

Grupo Financiero Galicia

Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.

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HSBC&#39;s subsidiary, HSBC Latin America B.V., sells Argentina business to Grupo Financiero Galicia for $550 million, focusing on higher value opportunities.

Adios Argentina: HSBC Divests Banking Operations In Argentina For $550M

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Last week, U.S.-listed Argentine stocks rose on news of the election of far-right libertarian candidate,  Javier Milei, who campaigned on economic policies which represent a large shift from the current left-lean

YPF Sociedad And Other Argentine Stocks Are Moving Today: What&#39;s Happening?

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Telecom Argentina Stet - France Telecom S.A.

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U.S. stocks traded mostly lower, with the Dow Jones falling around 50 points on Monday.

Shares of Ituran Location and Control Ltd. (NASDAQ: ITRN) gained during Monday’s session after the company reported third-quarter financial results.

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Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying

Grupo Financiero Galicia SA

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Bakkt Holdings, Inc. Class A Common Stock

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Shares of companies within the broader financial sector are trading lower amid overall market weakness, offsetting strong bank earnings.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$245.00</td>
<td>$58.6K</td>
<td>2.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$77.50</td>
<td>$276.0K</td>
<td>5.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$36.00</td>
<td>$33.5K</td>
<td>4.4K</td>
<td>230</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$56.1K</td>
<td>1.3K</td>
<td>173</td>
</tr>
<tr>
<td>TOST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$27.5K</td>
<td>287</td>
<td>98</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$40.00</td>
<td>$79.0K</td>
<td>14.1K</td>
<td>77</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$29.00</td>
<td>$31.6K</td>
<td>22</td>
<td>69</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$40.00</td>
<td>$28.5K</td>
<td>90</td>
<td>40</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$30.8K</td>
<td>0</td>
<td>33</td>
</tr>
<tr>
<td>MMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$190.00</td>
<td>$32.7K</td>
<td>213</td>
<td>0</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on April 12, 2024. Parties traded 143 contract(s) at a $245.00 strike. The total cost received by the writing party (or parties) was $58.6K, with a price of $410.0 per contract. There were 2045 open contracts at this strike prior to today, and today 1755 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option trade with bearish sentiment. It expires in 72 day(s) on June 21, 2024. Parties traded 1000 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $276.0K, with a price of $276.0 per contract. There were 5586 open contracts at this strike prior to today, and today 1006 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 72 day(s) on June 21, 2024. This event was a transfer of 289 contract(s) at a $36.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $116.0 per contract. There were 4417 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be bullish, expiring in 163 day(s) on September 20, 2024. This event was a transfer of 52 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $1080.0 per contract. There were 1361 open contracts at this strike prior to today, and today 173 contract(s) were bought and sold. 
• Regarding TOST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), we observe a call option sweep with neutral sentiment. It expires in 646 day(s) on January 16, 2026. Parties traded 70 contract(s) at a $35.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $394.0 per contract. There were 287 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
• Regarding TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on June 21, 2024. Parties traded 823 contract(s) at a $40.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $96.0 per contract. There were 14118 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bearish, expiring in 9 day(s) on April 19, 2024. This event was a transfer of 66 contract(s) at a $29.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $480.0 per contract. There were 22 open contracts at this strike prior to today, and today 69 contract(s) were bought and sold. 
• For GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we notice a call option trade that happens to be bullish, expiring in 100 day(s) on July 19, 2024. This event was a transfer of 300 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $95.0 per contract. There were 90 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bearish, expiring in 345 day(s) on March 21, 2025. This event was a transfer of 7 contract(s) at a $250.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $4400.0 per contract. There were 0 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
• For MMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), we notice a call option trade that happens to be bullish, expiring in 9 day(s) on April 19, 2024. This event was a transfer of 25 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $32.7K, with a price of $1310.0 per contract. There were 213 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

TOST

10 Financials Stocks With Whale Alerts In Today's Session

HSBC Holdings plc&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) wholly-owned subsidiary, HSBC Latin America B.V., inked a binding agreement to&nbsp;<a target="_blank" href="https://www.hsbc.com/news-and-views/news/hsbc-news-archive/hsbc-agrees-to-sell-its-business-in-argentina" rel="noreferrer noopener">sell&nbsp;</a>its business in Argentina to&nbsp;Grupo Financiero Galicia&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>).
As per the terms, Galicia will acquire all of the bank&#8217;s Argentina business covering banking, asset management, and insurance, together with $100 million of subordinated debt for a consideration of $550 million.
HSBC anticipates receiving the purchase consideration in a combination of cash, loan notes, and Galicia&#8217;s American Depositary Receipts (ADRs), with ADRs accounting for around half of the consideration received and representing less than a 10% economic interest in Galicia.&nbsp;
The bank expects a $1.0 billion pre-tax loss upon reclassification of the business as held for sale in the first quarter of 2024.&nbsp;
Post closure, HSBC expects the recognition of $4.9 billion in historical foreign currency translation reserve losses.
HSBC reiterated the dividend payout ratio target at 50% for 2024 and continues to expect a return on average tangible&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">equity in the mid-teens for 2024</a>.
The transaction is expected to be completed within the next 12 months, subject to conditions, including regulatory approvals.&nbsp;
Noel Quinn, Group Chief Executive, said,&nbsp;&#8220;We are pleased to agree the sale of HSBC Argentina. This transaction is another important step in the execution of our strategy and enables us to focus our resources on higher value opportunities across our international network.&#8221;&nbsp;
&#8220;We remain committed to Mexico and the US, and to serving our international clients throughout our global network with our leading transaction banking capabilities.&#8221;
Last month, HSBC launched a $150 million Venture Debt offering in Singapore alongside a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37955109/whats-going-on-hsbc-shares-premarket-wednesday" rel="noreferrer noopener">$1 billion ASEAN Growth Fund</a>.
Investors can gain exposure to the stock via&nbsp;Themes Global Systemically Important Banks ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIB#NASDAQ">GSIB</a>) and&nbsp;Avantis International Large Cap Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>).
In February, HSBC reported fourth-quarter revenue that declined 11% Y/Y to $13.021 billion as NII fell 7% Y/Y to $8.28 billion, impacted by notable&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37233194/why-hsbc-shares-are-diving-premarket-wednesday" rel="noreferrer noopener">items of $(2.7) billion&nbsp;booked in the quarter.</a>
Price Action: HSBC shares are up 0.49% at $41.21 premarket on the last check Tuesday.
Image: Shutterstock/ sylv1rob1

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$32.6K</td>
<td>18.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/24</td>
<td>$55.00</td>
<td>$145.2K</td>
<td>1.8K</td>
<td>703</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$35.00</td>
<td>$45.0K</td>
<td>24.6K</td>
<td>674</td>
</tr>
<tr>
<td>TOST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$23.00</td>
<td>$27.7K</td>
<td>643</td>
<td>533</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$180.00</td>
<td>$136.5K</td>
<td>8.6K</td>
<td>529</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$250.00</td>
<td>$28.8K</td>
<td>382</td>
<td>297</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$66.00</td>
<td>$42.8K</td>
<td>1.1K</td>
<td>198</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$95.00</td>
<td>$27.2K</td>
<td>13.6K</td>
<td>176</td>
</tr>
<tr>
<td>STNE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$18.00</td>
<td>$28.0K</td>
<td>58</td>
<td>144</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$410.00</td>
<td>$219.2K</td>
<td>85</td>
<td>80</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option sweep with neutral sentiment. It expires in 296 day(s) on January 17, 2025. Parties traded 71 contract(s) at a $60.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $460.0 per contract. There were 18659 open contracts at this strike prior to today, and today 1634 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on March 28, 2024. Parties traded 200 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $145.2K, with a price of $726.0 per contract. There were 1838 open contracts at this strike prior to today, and today 703 contract(s) were bought and sold. 
• For GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we notice a call option trade that happens to be bullish, expiring in 114 day(s) on July 19, 2024. This event was a transfer of 500 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $45.0K, with a price of $90.0 per contract. There were 24641 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold. 
• For TOST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), we notice a put option sweep that happens to be bullish, expiring in 23 day(s) on April 19, 2024. This event was a transfer of 533 contract(s) at a $23.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.7K, with a price of $52.0 per contract. There were 643 open contracts at this strike prior to today, and today 533 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be neutral, expiring in 23 day(s) on April 19, 2024. This event was a transfer of 76 contract(s) at a $180.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $136.5K, with a price of $1799.0 per contract. There were 8697 open contracts at this strike prior to today, and today 529 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bearish, expiring in 51 day(s) on May 17, 2024. This event was a transfer of 10 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $2885.0 per contract. There were 382 open contracts at this strike prior to today, and today 297 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a put option sweep with bullish sentiment. It expires in 23 day(s) on April 19, 2024. Parties traded 238 contract(s) at a $66.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $42.8K, with a price of $180.0 per contract. There were 1106 open contracts at this strike prior to today, and today 198 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bullish, expiring in 86 day(s) on June 21, 2024. This event was a transfer of 80 contract(s) at a $95.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.2K, with a price of $340.0 per contract. There were 13620 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
• For STNE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>), we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on May 17, 2024. This event was a transfer of 144 contract(s) at a $18.00 strike. This particular put needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $195.0 per contract. There were 58 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a put option trade that happens to be neutral, expiring in 233 day(s) on November 15, 2024. This event was a transfer of 80 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $219.2K, with a price of $2740.0 per contract. There were 85 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PYPL

STNE

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/22/23</td>
<td>$170.00</td>
<td>$49.3K</td>
<td>2.1K</td>
<td>11.1K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$57.50</td>
<td>$72.6K</td>
<td>7.1K</td>
<td>10.4K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/22/23</td>
<td>$50.00</td>
<td>$35.4K</td>
<td>3.1K</td>
<td>3.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$52.50</td>
<td>$49.5K</td>
<td>749</td>
<td>1.7K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$17.00</td>
<td>$81.8K</td>
<td>77</td>
<td>1.4K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$11.00</td>
<td>$27.0K</td>
<td>2.6K</td>
<td>681</td>
</tr>
<tr>
<td>NYCB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$10.00</td>
<td>$35.2K</td>
<td>9.4K</td>
<td>440</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$125.00</td>
<td>$186.0K</td>
<td>378</td>
<td>410</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$77.50</td>
<td>$38.8K</td>
<td>3.0K</td>
<td>139</td>
</tr>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$17.50</td>
<td>$25.0K</td>
<td>1.9K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on December 22, 2023. This event was a transfer of 145 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $49.3K, with a price of $340.0 per contract. There were 2139 open contracts at this strike prior to today, and today 11142 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option sweep that happens to be bearish, expiring in 86 day(s) on March 15, 2024. This event was a transfer of 1117 contract(s) at a $57.50 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $72.6K, with a price of $65.0 per contract. There were 7135 open contracts at this strike prior to today, and today 10489 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on December 22, 2023. Parties traded 200 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $177.0 per contract. There were 3156 open contracts at this strike prior to today, and today 3639 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a put option trade that happens to be bullish, expiring in 86 day(s) on March 15, 2024. This event was a transfer of 150 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $330.0 per contract. There were 749 open contracts at this strike prior to today, and today 1777 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on February 16, 2024. Parties traded 1434 contract(s) at a $17.00 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $81.8K, with a price of $57.0 per contract. There were 77 open contracts at this strike prior to today, and today 1448 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option sweep that happens to be bullish, expiring in 58 day(s) on February 16, 2024. This event was a transfer of 677 contract(s) at a $11.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $40.0 per contract. There were 2637 open contracts at this strike prior to today, and today 681 contract(s) were bought and sold. 
• For NYCB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on January 19, 2024. This event was a transfer of 505 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.2K, with a price of $70.0 per contract. There were 9405 open contracts at this strike prior to today, and today 440 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a put option trade that happens to be bearish, expiring in 58 day(s) on February 16, 2024. This event was a transfer of 400 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $186.0K, with a price of $465.0 per contract. There were 378 open contracts at this strike prior to today, and today 410 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 86 day(s) on March 15, 2024. Parties traded 46 contract(s) at a $77.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $38.8K, with a price of $845.0 per contract. There were 3068 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• Regarding GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we observe a call option trade with bearish sentiment. It expires in 121 day(s) on April 19, 2024. Parties traded 100 contract(s) at a $17.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 1936 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NYCB

Last week, U.S.-listed Argentine stocks rose on news of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35874017/mileis-election-win-fuels-major-gains-in-argentine-adrs-etfs-there-is-no-free-lunch">election</a> of far-right libertarian candidate, Javier Milei, who campaigned on economic policies which represent a large shift from the current left-leaning administration of President Alberto Fernandez. YPF Sociedad Anonima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) and other Argentine stocks continued to gain on Monday. Here&#39;s <a href="http://www.benzinga.com/news/23/11/35876840/why-argentinas-oil-and-gas-provider-ypf-sociedad-anonima-stock-is-soaring">what&#39;s going on</a>.
What To Know: Market&#39;s have responded approvingly to Milei&#39;s election last Sunday, with gains in Argentine stocks extending into Monday. In particular, YPF Sociedad Anonima has rallied, as Milei has previously stated that he seeks to privatize the integrated oil and gas provider. According to Benzinga Pro, the stock experienced above average trading volume of 6.58 million shares on Monday, compared to its average volume of 2.50 million shares.
On Nov. 24, Milei announced that he selected Horacio Mar&iacute;n as head of YPF, according to an article by <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/112423-argentina-president-elect-picks-horacio-marn-to-run-ypf-in-run-up-to-selling-state-shares">S&amp;P Global</a>. Marin&#39;s credentials include 35 years of experience at major gas producer TecPatrol where he also served as president of exploration and production for the past year.
Additionally, other Argentine stocks moving on Monday in connection with Milei&#39;s win include Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>) and Grupo Financiero Galicia S.A.&nbsp; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>).
Related Link: <a href="https://www.benzinga.com/news/23/11/35965271/why-etsy-stock-is-rising">Why Etsy Stock Is Rising</a>
YPF, BMA, GGAL Price Action: Shares of YPF were up 1.43% at 17.08, shares of BMA were up 8.95% at $28.24, and shares of GGAL were up 14.1% at $17.48 at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.
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YPF Sociedad And Other Argentine Stocks Are Moving Today: What's Happening?

BBAR

CEPU

Shares of US-listed Argentina stocks are trading higher following the election of libertarian presidential candidate Javier Milei.

U.S. stocks traded mostly lower, with the Dow Jones falling around 50 points on Monday.
Shares of Ituran Location and Control Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itrn#NASDAQ">ITRN</a>) gained during Monday&rsquo;s session after the company reported third-quarter financial results.
The company posted quarterly earnings of 63 cents per share, up from 49 cents per share in the year-ago period. The company&rsquo;s quarterly sales rose 12% to $81.05 million.
Ituran Location and Control shares gained 11.3% to $27.69 on Monday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) surged 13.7% to $29.82 following reports of record &#39;buy now, pay later&#39; predictions on Cyber Monday.</li>
<li>IRSA Inversiones y Representaciones Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irs#NYSE">IRS</a>) shares jumped 12.4% to $9.13.</li>
<li>EHang Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eh#NASDAQ">EH</a>) rose 12.1% to $19.71.</li>
<li>Xenon Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xene#NASDAQ">XENE</a>) surged 10.2% to $31.93 after the company announced topline results from the Phase 2 proof-of-concept X-NOVA clinical trial of XEN1101 in MDD.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) climbed 8.8% to $14.19.</li>
<li>Corporaci&oacute;n Am&eacute;rica Airports S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/caap#NYSE">CAAP</a>) rose 8.1% to $14.56.</li>
<li>Global-e Online Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbe#NASDAQ">GLBE</a>) climbed 7.4% to $33.95.</li>
<li>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>) gained 6.7% to $8.26.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) rose 6.7% to $16.35.</li>
<li>DRDGOLD Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/drd#NYSE">DRD</a>) gained 5.8% to $9.19.</li>
<li>Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) rose 5.8% to $100.51.</li>
<li>Crown Castle Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>) rose 4.7% to $108.46 after activist fund Elliott took a $2 billion stake in the company and suggested operational improvements.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teva#NYSE">TEVA</a>) gained 4.1% to $9.94 after UBS upgraded the stock from Neutral to Buy and raised its price target from $11 to $13.</li>
<li>Shopify Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) gained 4% to $73.20 after the company announced that Shopify merchants set a Black Friday record with a combined $4.1 billion in sales.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/11/35955917/goldman-sachs-verisign-and-2-other-stocks-insiders-are-selling"> Goldman Sachs, VeriSign And 2 Other Stocks Insiders Are Selling</a>

Shares of ReNew Energy Global Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnw#NASDAQ">RNW</a>) gained during Monday&rsquo;s session following strong quarterly sales.
ReNew Energy Global posted quarterly sales of $345.00 million, topping market estimates of $258.41 million.
ReNew Energy raised its FY24 adjusted EBITDA guidance to INR 62 billion - INR 66 billion.
ReNew Energy Global gained 13.6% to $6.74 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares jumped 147.2% to $0.4179. Br&uuml;ush received Nasdaq notification regarding minimum bid requirements.</li>
<li>Cuentas Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cuen#NASDAQ">CUEN</a>) shares gained 59% to $1.5098 after reporting a narrower quarterly loss.</li>
<li>Altamira Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) jumped 52% to $0.4280. Altamira Therapeutics recently entered into a binding agreement for the sale of a 51% stake in its subsidiary Altamira Medica AG.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) gained 41.4% to $1.4000. Cardio Diagnostics Holdings announced the publication of its study in the Journal of the American Heart Association (JAHA), an official journal of the American Heart Association.</li>
<li>YPF Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) shares climbed 40.8% to $15.11. Javier Milei&lsquo;s victory in Argentina&rsquo;s presidential election sparked a rally in Argentine ADRs trading on major U.S. stock exchanges.</li>
<li>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>) rose 26.8% to $4.3074. GD Culture Group unveiled its transformative and photorealistic AI-driven digital human technology on TikTok.</li>
<li>Blue Star Foods Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsfc#NASDAQ">BSFC</a>) shares gained 26.8% to $0.1752 after jumping 18% on Friday. Blue Star Foods recently signed a 2-year bid award purchase agreement with Sysco Corporation.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mira#NASDAQ">MIRA</a>) gained 25.3% to $4.2729. MIRA Pharmaceuticals announced exclusive licensing agreement for oral ketamine analog, Ketamir-2.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) rose 25% to $15.63 after gaining 5% on Friday.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) shares climbed 23.1% to $12.88 after gaining over 4% on Friday.</li>
<li>Central Puerto S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cepu#NYSE">CEPU</a>) climbed 23.1% to $7.58.</li>
<li>Pampa Energ&iacute;a S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) gained 23% to $45.60.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) rose 22.6% to $12.82 after gaining over 4% on Friday.</li>
<li>Banco BBVA Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbar#NYSE">BBAR</a>) gained 22.4% to $5.40.</li>
<li>LogicMark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgmk#NASDAQ">LGMK</a>) shares rose 22.2% to $2.04. LogicMark recently posted GAAP loss of $1.10 per share for the third quarter.</li>
<li>IRSA Inversiones y Representaciones Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irs#NYSE">IRS</a>) gained 20.3% to $7.79.</li>
<li>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>) climbed 19.4% to $6.40 after gaining around 4% on Friday.</li>
<li>Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>) gained 17.1% to $23.71.</li>
<li>HireRight Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrt#NYSE">HRT</a>) jumped 17.4% to $11.81 after gaining 5% on Friday.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) shares climbed 15.7% to $0.4050. The company recently reported an increase in quarterly sales.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 15.6% to $17.00.</li>
<li>MediciNova, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnov#NASDAQ">MNOV</a>) rose 15.2% to $2.0508. The company announced new data and results of a Phase 2 clinical trial of MN-166 (ibudilast) in glioblastoma presented at the 28th Annual Meeting of the Society for Neuro-Oncology.</li>
<li>Kronos Bio, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kron#NASDAQ">KRON</a>) gained 14.4% to $1.2699. Kronos recently posted downbeat quarterly results.</li>
<li>Loma Negra Compa&ntilde;&iacute;a Industrial Argentina Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/loma#NYSE">LOMA</a>) gained 14.4% to $6.80.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) rose 13.6% to $5.74. Goldman Sachs initiated coverage on Iovance Biotherapeutics with a Buy rating and announced a price target of $12.</li>
<li>Anavex Life Sciences Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avxl#NASDAQ">AVXL</a>) jumped 11.8% to $7.01. The clinical-stage biopharmaceutical company announced that it initiated a regulatory submission with the European Medicines Agency (EMA).</li>
<li>Intellia Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntla#NASDAQ">NTLA</a>) rose 11.7% to $31.42. Intellia Therapeutics recently announced it received European Union orphan drug designation for NTLA-2002.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) gained 9% to $18.30.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) gained 7.6% to $3.98 after declining around 5% on Friday. Motus GI recently announced the Pure-Vu EVS Gastro was successfully used in the first procedure since receiving FDA clearance.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) fell 6.2% to $7.85. Nio announced on Sunday that it has activated its 2,100th power swap station.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 4.2% to $103.12.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares fell 46% to $0.69. TD Cowen downgraded NanoString Technologies from Outperform to Market Perform and lowered the price target from $6 to $1.4.</li>
<li>PaxMedica, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxmd#NASDAQ">PXMD</a>) fell 40.6% to $1.04 after the company announced pricing of $7 million public offering of 5,384,615 shares and accompanying warrants at a price of $1.30 per unit.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) fell 25.5% to $3.14. Safe And Green Development shares jumped 39% on Friday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.</li>
<li>Alzamend Neuro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alzn#NASDAQ">ALZN</a>) dipped 25% to $1.2400. Alzamend Neuro received a &quot;Study May Proceed&quot; letter from the FDA for the initiation of study AL001-MDD01, a Phase 2A clinical study of AL001 for major depressive disorder (MDD).</li>
<li>Yatsen Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ysg#NYSE">YSG</a>) fell 24.2% to $0.6559. Yatsen Holding is expected to release its unaudited financial results for the third quarter on Nov. 21, 2023.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) declined 16.4% to $1.78. The FDA&#39;s Oncologic Drugs Advisory Committee (ODAC) will meet to review data supporting the supplemental Biologics License Application (sBLA) for Abecma (idecabtagene vicleucel) for earlier lines of triple-class exposed relapsed or refractory multiple myeloma (RRMM) based on results from the pivotal Phase 3 KarMMa-3 study.</li>
<li>Allurion Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alur#NYSE">ALUR</a>) fell 12.6% to $3.72.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgbx#NASDAQ">SGBX</a>) shares fell 12.6% to $0.6821 after gaining around 7% on Friday. Safe &amp; Green Holdings recently posted a narrower-than-expected quarterly loss.</li>
<li>Greenland Technologies Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtec#NASDAQ">GTEC</a>) declined 12.5% to $2.87 following weak quarterly results.</li>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) declined 10.5% to $8.40. ReAlpha Tech filed a prospectus for the offering of up to 1.67 million common units at a price of $12 per unit.</li>
<li>Applied UV, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) shares fell 9.4% to $0.1340 after the company reported third-quarter results.</li>
<li>MGO Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgol#NASDAQ">MGOL</a>) shares fell 9.1% to $0.50 after jumping over 10% on Friday. MGO Global recently posted a wider third-quarter loss.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) declined 8.7% to $10.83.</li>
<li>Tharimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thar#NASDAQ">THAR</a>) shares fell 8.6% to $0.1922. Tharimmune shares climbed around 17% on Friday after the company announced a 1-for-25 reverse stock split.</li>
<li>Chegg, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chgg#NYSE">CHGG</a>) fell 8.2% to $9.60. Morgan Stanley downgraded Chegg from Equal-Weight to Underweight and lowered the price target from $10 to $9.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35870052/this-analyst-with-84-accuracy-rate-sees-around-22-upside-in-nvidia-here-are-5-stock-pick"> This Analyst With 84% Accuracy Rate Sees Around 22% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts</a>

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Why ReNew Energy Global Shares Are Trading Higher By Around 14%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) shares are trading higher Monday with other Argentina-based companies following the election of far-right <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35874017/mileis-election-win-fuels-major-gains-in-argentine-adrs-etfs-there-is-no-free-lunch">libertarian presidential candidate, Javier Milei.</a>
The Details: 
Javier Milei, a libertarian economist, has vowed to improve the country&#39;s struggling economy through broad-based policy reforms and a return to capitalistic ideals. Shares of Argentine companies are up on investors&#39; optimism surrounding the promise of less government intervention and increased economic freedom in the country.
Grupo Financiero Galicia SA is an Argentina-based financial service company providing general banking services, proprietary brand credit card services, personal loans, insurance and other services.
Shares of GGAL are moving on heavy trading volume following the election result. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, more than 3 million shares have been traded in the session, compared to the stock&#39;s 100-day average of just under 786 thousand shares.
Related News: <a href="https://www.benzinga.com/news/23/11/35876840/why-argentinas-oil-and-gas-provider-ypf-sociedad-anonima-stock-is-soaring">Why Argentina&#39;s Oil and Gas Provider YPF Sociedad Anonima Stock Is Soaring</a>
GGAL Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Grupo Financiero Galicia shares are up 18% at $14.78 at the time of publication.
Image: Marcel Elia from Pixabay

Why Grupo Financiero Galicia Stock Is Higher After Argentina Election Result

ARGT

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MELI

Javier Milei&#8216;s victory in Argentina&#8217;s presidential election sparked a rally in Argentine ADRs trading on <a href="https://www.benzinga.com/money/brokers-argentina">major U.S. stock exchanges</a>.
Far-right Milei won by a significant margin of over 11% against center-left candidate and current Finance Minister Sergio Massa, heralding a major shift <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35866704/argentinas-pro-bitcoin-trump-like-candidate-secures-election-win-after-opposition-concedes">in Argentina&#8217;s political landscape. </a>
Milei is set to succeed President Alberto Fernandez, known for his leftist leanings and alliance with Christina Kirchner.
<h2 class="wp-block-heading">Markets Welcome Milei&#8217;s Victory</h2>
Investor optimism about Milei&#8217;s potential impact on the Argentine economy was exceptionally strong in the premarket trading on Monday. 
The Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>), the sole ETF available to U.S.-based investors focusing on Argentine equities, witnessed a 13% rise, marking its most robust performance since its inception in 2012.
The energy sector, particularly YPF Sociedad Anonima (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>), is among the top gainers. YPF&#8217;s shares soared by 24% in the premarket, a record not seen since March 2009. In the financial sector, major players Banco Macro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>) and Grupo Financiero Galicia S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) each recorded a 16% increase.
Milei&#8217;s first remarks as president-elect, emphasizing Argentina&#8217;s critical situation and the need for reconstruction, have further fueled investor interest.
Argentina&#8217;s struggle with hyperinflation, marked by a monthly inflation rate of 8.3% and an annual rate of 142% as of October 2023, underscores the urgency of economic reforms.
During his political campaign, Milei has been a vocal proponent of drastic measures such as the closure of the central bank, dollarization of the economy, reducing public spending, and eliminating stringent trade and capital controls. These proposals, while ambitious, signal a potential overhaul of Argentina&#8217;s economic policy.
Milei has expressed his intention to privatize YPF along with other publicly-held companies, including the national television network. Additionally, the President-elect plans to visit the United States and Israel before taking office in December.
In August, Argentina received a disbursement of approximately US$7.5 billion from the International Monetary Fund (IMF). This infusion increased the total amount disbursed under the existing Extended Fund Facility (EFF) to around US$36 billion. The IMF has scheduled a review of this program for November 2023.
<h2 class="wp-block-heading">Goldman Sachs Flags Stability Risks</h2>
Milei&#8217;s victory might be a double-edge sword for the exchange rate. 
The Argentine peso experienced significant depreciation on Sunday, dropping by up to 10% against the dollar Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) on the Binance cryptocurrency exchange. However, it later recouped some of these losses, rallying by as much as 5% on Monday, following a rally in Argentine ADRs.
The Argentine peso&#8217;s wild fluctuation highlights extreme uncertainties over exchange rate policies. 
Goldman Sachs&#8217; economist Sergio Arnella cautions about the implementation risks associated with Milei&#8217;s proposals, particularly the challenges of dollarization and the need for comprehensive fiscal and structural reforms.
&#8220;There is no free lunch and adopting, preserving, and benefiting from dollarization could be challenging,&#8221; Arnella said in a note. 
The disparity between the parallel and official exchange rates for the peso, and the potential financial stability risks from continued devaluation, are areas of concern, according to Arnella. 
The misalignment in Argentina&#8217;s currency market is highlighted by the fact that while 990 pesos are necessary to acquire a Tether dollar at the parallel exchange rate, the official exchange rate only requires 353 pesos for one U.S. dollar. 
Chart: Official Exchange Rate Vs. Parallel Exchange Rate In Argentina 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20100759/USDARS_2023-11-20_14-07-23_9a1ca-1024x723.png" alt="" class="wp-image-146381" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20100759/USDARS_2023-11-20_14-07-23_9a1ca-1024x723.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20100759/USDARS_2023-11-20_14-07-23_9a1ca-300x212.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20100759/USDARS_2023-11-20_14-07-23_9a1ca-768x542.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20100759/USDARS_2023-11-20_14-07-23_9a1ca.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Goldman Sachs believes that for Argentina&#8217;s economy to embark on a sustainable path, it requires concrete and structural fiscal adjustments, the establishment of an autonomous central bank not influenced by fiscal policies, the liberalization of financial systems, and significant structural reforms. 
Read Now: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35866592/bitcoin-surges-after-javier-milei-elected-president-of-argentina-ethereum-dogecoin-seen-in">Bitcoin Surges After Javier Milei Elected President Of Argentina — Ethereum, Dogecoin Seen In Green: Analyst Predicts All-Time Highs For Apex Crypto In Near Future</a>

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Milei's Election Win Fuels Major Gains in Argentine ADRs, ETFs: 'There Is No Free Lunch,' Analysts Say

U.S. stock futures traded slightly higher this morning on Monday, with the Dow Jones futures gaining around 15 points this morning.
Here are some big stocks recording gains in today&rsquo;s pre-market trading session.
<ul>
<li>YPF Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) shares jumped 12.8% to $12.11 in pre-market trading after gaining 5% on Friday.</li>
<li>Pampa Energ&iacute;a S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) gained 12.4% to $41.66 in pre-market trading.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) shares climbed 12.2% to $11.76 in pre-market trading after gaining over 4% on Friday.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) rose 11.8% to $13.98 in pre-market trading after gaining 5% on Friday.</li>
<li>Central Puerto S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cepu#NYSE">CEPU</a>) climbed 9.6% to $6.75 in pre-market trading.</li>
<li>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>) climbed 9.4% to $5.84 in pre-market trading after gaining around 4% on Friday.</li>
<li>Loma Negra Compa&ntilde;&iacute;a Industrial Argentina Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/loma#NYSE">LOMA</a>) gained 9.4% to $6.50 in pre-market trading.</li>
<li>Banco BBVA Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbar#NYSE">BBAR</a>) gained 8.8% to $4.80 in pre-market trading.</li>
<li>HireRight Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrt#NYSE">HRT</a>) jumped 8.4% to $10.90 in pre-market trading after gaining 5% on Friday.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) gained 3.7% to $7.66 in pre-market trading. Nio co-founder and President Qin Lihong reportedly refuted rumors of the Chinese EV maker going out of business at <a href="https://www.benzinga.com/news/23/11/35867543/nios-future-secure-says-co-founder-company-sees-significant-delivery-growth-despite-market-speculati">the Guangzhou auto show</a>.</li>
<li>Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) gained 1.5% to $375.38 in pre-market trading after the company hired OpenAI co-founders Sam Altman and Greg Brockman to lead a new advanced AI <a href="https://www.benzinga.com/markets/equities/23/11/35868640/microsoft-shares-soar-in-mondays-premarket-openai-developments-win-win-scenario-for-software-gia">research team at Microsoft</a>.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/35867610/fear-greed-index-moves-to-greed-zone-s-p-500-records-third-consecutive-winning-week"> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone; S&amp;P 500 Records Third Consecutive Winning Week </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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Microsoft, NIO And Other Big Stocks Moving Higher In Monday's Pre-Market Session

Argentina's horizons appear more muddled than ever after Sunday&#8217;s <a href="https://www.benzinga.com/general/politics">general election</a>.
Yet stocks tied to South America&#8217;s second-largest economy have had a very positive year and are proving surprisingly resilient to the country's hallmark political instability.
What Happened In Argentina&#8217;s Election: A general election on Sunday left the stage divided between far-right libertarian Javier Milei and progressive centrist Sergio Massa, as polls closed without any candidate achieving the necessary votes to become president in the first round.
A November runoff between the two will define who will head the country's executive power for the next four years.
Milei, an outsider economist who rose to fame in recent years with ideas of economic libertarianism, an eccentric personality and criticism of the country's "political caste," <a href="https://www.benzinga.com/government/23/08/33815109/libertarian-milei-emerges-as-big-winner-in-argentine-presidential-paso-elections">had won the most votes in an August primary election</a>, but came in second to Economy Minister Massa on Sunday.
The results break the balance of power between the two main coalitions that had been disputing power for the last two decades. Patricia Bullrich, heading the pro-market opposition coalition "Juntos Por El Cambio," a political child of former President Mauricio Macri, came in third, disqualifying her from the presidential race.
Milei could harness a percentage of Bullrich's voters, as the two have certain campaign elements in common.
The Economic Backdrop In Argentina: What's at stake in the November runoff? Two very contrasting economic and political models for a country battered with three-digit inflation and rising poverty rates.
Massa represents the the latest rebranding of Peronism, an ideology centered around the three governments of 20th century political hero Juan Domingo Perón. In its latest iteration, Peronism has held power for 16 of the last 20 years.
After a lifelong career in politics, 51-year-old Massa became a top man in the cabinet of current President Alberto Fernández, and the unspoken choice of Vice President Cristina Fernández de Kirchner, who held the presidency between 2008 and 2016, following the rule of her late husband Nestor Kirchner.
The Kirchners became central to Argentina's political scene after their first two terms managed to lift the country out of the pit dug by a 2001 crisis.
Alberto Fernández's presidency was marked by another descent into poverty after the COVID-19 pandemic and a devastating drought. The geopolitical scene translated into a dramatic loss in purchasing power and exorbitant levels of inflation for Argentinians. 
More than 40% of Argentinian adults and 60% of children are considered poor by the country's own measures. September's annual inflation rate reached 138%, leading the population to manifest vast discontent and fury at their diminishing quality of life.
This discontent has fueled the rise of Milei, 53, who has become a favorite among those who believe that Kirchner&#8217;s welfare state policies, often referred to by the opposition as populism, are responsible for the country's struggles. 
Milei is proposing a radical shift for the role of the state, creating a far-reaching free market economy where the government steps back and allows for the market to balance the country's major financial troubles.
His proposals include a pullback on state grants to poorer families, the sell-off of state assets to private companies and the creation of a free exchange rate, opening up the gates to international trade and eliminating any type of protectionism for local business. 
The economist's most extreme idea is crystallized in his repeated catchphrase of "burn the central bank&#8221;: retiring Argentina's battered currency, the peso, in exchange for a full "dollarization" of the country's economy.
Under the banner of "freedom or death," Milei, who has expressed admiration for Donald Trump and Brasil's Jair Bolsonaro, represents a segment of Argentine society that has lost faith in the ability of the status-quo political system to guarantee the population&#8217;s most basic necessities.
Yet critics of Milei have said that reducing the state to its minimum expression is an invitation for large companies and global powers to plunder the country's natural resources without restriction, leaving the poor even poorer. 
Carlos Maslatón, a pro-Bitcoin political analyst from Argentina who formerly was a part of Milei's coalition, <a href="https://www.lanacion.com.ar/espectaculos/carlos-maslaton-lapido-la-campana-de-javier-milei-y-ramiro-marra-ante-el-resultado-de-las-elecciones-nid23102023/">said</a> the results were an absolute bust for the libertarian, who only added 700,000 votes from the primary elections.
Massa's partial win was a surprise. He added 3.5 million voters since the primaries and reached 37% of the electorate against 30% for Milei.
<h3 class="wp-block-heading">What The Markets Are Saying</h3>
Investors appear immune to Argentina's political quarrels. No clear pattern has emerged from the country's main U.S.-listed companies after the election results.
The Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>), the largest ETF following Argentinian companies, has expressed see-saw behavior in anticipation of the elections. The fund is up 18.5% since January, but lost over 17% of its value since Sept. 1. 
The fund is composed of 23% weighting to Mercado Libre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), Argentina's largest tech company. The U.S.-incorporated business, which also doubles as a financial services firm, dominates the e-commerce market in South America, where Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) hasn't fully entrenched its operations. 
In spite of Argentina's political woes, Mercado Libre, which is headquartered in Uruguay and has major operations in Brazil, Colombia, Chile, Mexico and other countries in the region, is showing strength. The company is up 43.5% since January with a drop of 2.4% in the last week.
Vertically integrated oil and gas company YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>), which is publicly listed but majority-owned by the Argentinian state, suffered a 5.3% drop after the election. The company is a major source of pride for Argentina's left-leaning politicians, who see it as a strategic asset in guaranteeing the country's energetic self-sufficiency.
YPF could have experienced a sell-off due to the partial loss for Milei reducing the chances of his plan to sell the 51% share currently owned by Argentina to private buyers reaching fruition. 
Argentina was the 26th-largest oil producer in the world in 2022, but a large shale deposit in the country's Patagonia region has boosted its oil and natural gas production by double digits, with the promise of growing even more on an yearly basis.
Pampa Energia S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>), the country's largest independent energy producer, saw a drop of 7% in after-hours weekend trading, but recovered more than half of the losses since trading began Monday.
Agricultural giant Adecoagro SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGRO#NYSE">AGRO</a>), which produces and exports dairy products as well as cereals and sugar, has delivered returns of almost 44% this year. While the stock bounced back from an August drop in anticipation of the country&#8217;s primaries where Milei emerged as the leading candidate, the libertarian's partial defeat did not drive a comparable drop. The stock is down only 1.46% on Monday.
Grupo Galicia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), one of the largest domestically owned banking companies in the country, is up 1.32% on Monday. The stock has delivered 22.5% this year, although the company is seeing a drop of 35% since Aug. 30.
Javier Milei. Shutterstock image.

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Argentina Equities Show Mixed Action After Presidential Election Leaves Far-Right Candidate Gasping For Air

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Shares of companies in the broader financial sector are trading lower amid overall market weakness on concerns over further rate hikes.

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Shares of banks and financial services companies are trading higher as the sector continues to rebound following volatility this year. The recent signing of a US debt limit bill may be lifting overall market sentiment.

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Shares of several banks and financial services companies are trading higher as banks rebound following weakness earlier in the week stemming from Wednesday's Fed decision and regional bank concerns. Strength may be also related to strong Q2 earnings from Apple, which has lifted overall market sentiment.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GGAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/21/23</td>
<td>$7.50</td>
<td>$62.1K</td>
<td>718</td>
<td>8.9K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/21/23</td>
<td>$40.00</td>
<td>$27.6K</td>
<td>20.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>PNC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/21/23</td>
<td>$123.00</td>
<td>$126.0K</td>
<td>1.2K</td>
<td>1.8K</td>
</tr>
<tr>
<td>CMA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/21/23</td>
<td>$45.00</td>
<td>$26.0K</td>
<td>2.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/21/23</td>
<td>$170.00</td>
<td>$34.5K</td>
<td>2.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/19/23</td>
<td>$95.00</td>
<td>$80.7K</td>
<td>1.7K</td>
<td>594</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$52.50</td>
<td>$33.8K</td>
<td>1.5K</td>
<td>498</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/20/23</td>
<td>$82.50</td>
<td>$76.0K</td>
<td>157</td>
<td>485</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/21/23</td>
<td>$27.50</td>
<td>$29.7K</td>
<td>4.0K</td>
<td>335</td>
</tr>
<tr>
<td>MET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/15/23</td>
<td>$62.50</td>
<td>$77.6K</td>
<td>618</td>
<td>301</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we observe a put option sweep with bearish sentiment. It expires in 94 day(s) on July 21, 2023. Parties traded 3094 contract(s) at a $7.50 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $62.1K, with a price of $20.0 per contract. There were 718 open contracts at this strike prior to today, and today 8935 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 21, 2023. This event was a transfer of 150 contract(s) at a $40.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $184.0 per contract. There were 20427 open contracts at this strike prior to today, and today 3126 contract(s) were bought and sold. 
• Regarding PNC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on April 21, 2023. Parties traded 720 contract(s) at a $123.00 strike. The total cost received by the writing party (or parties) was $126.0K, with a price of $175.0 per contract. There were 1266 open contracts at this strike prior to today, and today 1898 contract(s) were bought and sold. 
• Regarding CMA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on April 21, 2023. Parties traded 208 contract(s) at a $45.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $125.0 per contract. There were 2781 open contracts at this strike prior to today, and today 1428 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on April 21, 2023. This event was a transfer of 300 contract(s) at a $170.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $115.0 per contract. There were 2292 open contracts at this strike prior to today, and today 1081 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on May 19, 2023. This event was a transfer of 553 contract(s) at a $95.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $80.7K, with a price of $146.0 per contract. There were 1795 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option trade with bullish sentiment. It expires in 276 day(s) on January 19, 2024. Parties traded 38 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $890.0 per contract. There were 1585 open contracts at this strike prior to today, and today 498 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a put option trade with neutral sentiment. It expires in 185 day(s) on October 20, 2023. Parties traded 200 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $76.0K, with a price of $380.0 per contract. There were 157 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on April 21, 2023. Parties traded 100 contract(s) at a $27.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $297.0 per contract. There were 4003 open contracts at this strike prior to today, and today 335 contract(s) were bought and sold. 
• Regarding MET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), we observe a call option sweep with bullish sentiment. It expires in 150 day(s) on September 15, 2023. Parties traded 194 contract(s) at a $62.50 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $77.6K, with a price of $400.0 per contract. There were 618 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SCHW

10 Financials Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GGAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$20.00</td>
<td>$80.6K</td>
<td>24.5K</td>
<td>4.6K</td>
</tr>
<tr>
<td>BKU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/19/23</td>
<td>$20.00</td>
<td>$33.6K</td>
<td>769</td>
<td>2.3K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/20/23</td>
<td>$6.00</td>
<td>$47.7K</td>
<td>347</td>
<td>2.1K</td>
</tr>
<tr>
<td>SYF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$37.00</td>
<td>$39.0K</td>
<td>618</td>
<td>400</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$26.6K</td>
<td>259</td>
<td>254</td>
</tr>
<tr>
<td>MTB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/19/23</td>
<td>$105.00</td>
<td>$58.0K</td>
<td>201</td>
<td>200</td>
</tr>
<tr>
<td>PACW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/16/23</td>
<td>$12.50</td>
<td>$32.1K</td>
<td>871</td>
<td>200</td>
</tr>
<tr>
<td>BMA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/18/23</td>
<td>$17.50</td>
<td>$51.2K</td>
<td>52</td>
<td>160</td>
</tr>
<tr>
<td>PRU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/19/24</td>
<td>$72.50</td>
<td>$27.4K</td>
<td>113</td>
<td>60</td>
</tr>
<tr>
<td>LNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/20/23</td>
<td>$27.50</td>
<td>$39.0K</td>
<td>55</td>
<td>51</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For GGAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>), we notice a call option sweep that happens to be bullish, expiring in 283 day(s) on January 19, 2024. This event was a transfer of 895 contract(s) at a $20.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $80.6K, with a price of $90.0 per contract. There were 24532 open contracts at this strike prior to today, and today 4639 contract(s) were bought and sold. 
• For BKU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>), we notice a put option sweep that happens to be bullish, expiring in 38 day(s) on May 19, 2023. This event was a transfer of 210 contract(s) at a $20.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $160.0 per contract. There were 769 open contracts at this strike prior to today, and today 2324 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option sweep that happens to be bearish, expiring in 192 day(s) on October 20, 2023. This event was a transfer of 1585 contract(s) at a $6.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $47.7K, with a price of $30.0 per contract. There were 347 open contracts at this strike prior to today, and today 2152 contract(s) were bought and sold. 
• For SYF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>), we notice a call option trade that happens to be bearish, expiring in 647 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 618 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• For SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we notice a call option sweep that happens to be neutral, expiring in 647 day(s) on January 17, 2025. This event was a transfer of 14 contract(s) at a $40.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $1899.0 per contract. There were 259 open contracts at this strike prior to today, and today 254 contract(s) were bought and sold. 
• For MTB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), we notice a put option trade that happens to be bearish, expiring in 38 day(s) on May 19, 2023. This event was a transfer of 200 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $290.0 per contract. There were 201 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PACW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACW#NASDAQ">PACW</a>), we notice a put option trade that happens to be bullish, expiring in 66 day(s) on June 16, 2023. This event was a transfer of 100 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $321.0 per contract. There were 871 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For BMA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMA#NYSE">BMA</a>), we notice a call option sweep that happens to be bullish, expiring in 129 day(s) on August 18, 2023. This event was a transfer of 160 contract(s) at a $17.50 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $320.0 per contract. There were 52 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold. 
• Regarding PRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), we observe a put option trade with bearish sentiment. It expires in 283 day(s) on January 19, 2024. Parties traded 60 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $27.4K, with a price of $458.0 per contract. There were 113 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• Regarding LNC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>), we observe a put option sweep with bearish sentiment. It expires in 192 day(s) on October 20, 2023. Parties traded 50 contract(s) at a $27.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $780.0 per contract. There were 55 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVAL

CLBK

FRME

FVCB

HTBK

KPLT

Shares of several financial companies are trading higher following reports suggesting JP Morgan CEO Jamie Dimon is leading discussions to come up with a new rescue plan for First Republic Bank. Also, Treasury Secretary Yellen said the government is prepared to take more action to aid banks.