Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033 Stock (NASDAQ: GLDI)

Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033 Stock (NASDAQ:GLDI), Trade Ideas

Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033

Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) has outperformed the market over the past 5 years by 18.37% on an annualized basis producing an average annual return of 29.64%. Currently, Antero Resources has a market capitalization of $8.78 billion. 
Buying $1000 In AR: If an investor had bought $1000 of AR stock 5 years ago, it would be worth $3,597.64 today based on a price of $28.93 for AR at the time of writing.
<h3>Antero Resources's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713465037_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,600 Today

Albemarle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) has outperformed the market over the past 20 years by 2.77% on an annualized basis producing an average annual return of 10.42%. Currently, Albemarle has a market capitalization of $13.06 billion. 
Buying $1000 In ALB: If an investor had bought $1000 of ALB stock 20 years ago, it would be worth $7,369.82 today based on a price of $111.10 for ALB at the time of writing.
<h3>Albemarle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713465032_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Albemarle Stock In The Last 20 Years

Investing in the technologies of tomorrow can be a lucrative investment strategy. If investors can discern trends as they develop, they can stay ahead of the curve and reap the rewards. This is what made Cathie Wood and her firm ARK Invest famous. Her funds invest in companies she "expect[s] to be the leaders, enablers, and beneficiaries of disruptive innovation."
Wood's big bets have won her a lot of fans, but it hasn't always been a smooth ride. Investing in the cutting-edge means investing in what is largely unproven, and this strategy carries significant risk. The ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), for instance, is down close to 15% this year, largely due to her continued faith in Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) whose stock has been hammered recently.
However, with risk comes reward. If a fund can smartly predict the trends of tomorrow, significant upside exists.
<h3 class="wp-block-heading">MOON</h3>
<a href="https://www.direxion.com/">Direxion</a> is an <a href="https://www.benzinga.com/events/fintech-awards/2022-awards/awards-2022/">award-winning </a>ETF issuer best known for its innovative leveraged and inverse single-stock funds. The company also provides its <a href="https://www.direxion.com/product/moonshot-innovators-etf">Direxion Moonshot Innovators ETF</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOON#NYSE">MOON</a>) with "exposure to the 50 most innovative U.S. companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation and having the potential to disrupt existing technologies and/or industries."
The fund tracks the performance of the S&amp;P Kensho Moonshots Index and carries an expense ratio of .65%. The fund currently has assets under management of $21.4 million.
<h3 class="wp-block-heading">Top Holdings</h3>
<ol>
<li>AVIDITY BIOSCIENCES INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) &#8211; 7.31% of the fund.</li>
</ol>
RNA is a biotechnology company focused on developing RNA-based therapies.&nbsp;
<ol start="2">
<li>4D MOLECULAR THERAPEUTICS IN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) &#8211; 4.37% of the fund.</li>
</ol>
FDMT is a clinical-stage biopharma company developing "genetic medicine." The company has a proprietary discovery platform called Therapeutic Vector Evolution.
<ol start="3">
<li>COINBASE GLOBAL INC -CLASS A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) &#8211; 3.91% of the fund.</li>
</ol>
COIN is the most popular cryptocurrency exchange in the United States. It is also another favorite of Cathie Wood and the second largest holding currently in ARKK.
<ol start="4">
<li>ROBINHOOD MARKETS INC &#8211; A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</li>
</ol>
HOOD is a technology company best known for its no-fee trading platform.&nbsp;
<ol start="5">
<li>ALLOGENE THERAPEUTICS INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLO#NASDAQ">ALLO</a>) &#8211; 3.38% of the fund.</li>
</ol>
ALLO is another clinical-stage biopharma company. It develops "investigational allogeneic chimeric antigen receptor T cell (AlloCAR T&#x2122;)" therapies to fight cancer.
Featured photo by<a href="https://unsplash.com/@peterlaster?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash"> Pedro Lastra</a> on<a href="https://unsplash.com/photos/moon-wCujVcf0JDw?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash"> Unsplash</a>.

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To The Moon! A Look Inside An ETF Focused On Companies At The Cutting Edge Of Innovation

As of April 18, 2024, two stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Apartment Income REIT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIRC#NYSE">AIRC</a>)</h3>
<ul>
<li>On April 8, Apartment Income REIT announced it will be taken private by Blackstone for roughly $10 billion. Blackstone Real Estate Partners X entered into a definitive agreement to acquire AIR Communities in an all-cash transaction valued at about $10 billion, including the assumption of debt. The company's stock gained around 4% over the past month and has a <a href="https://www.benzinga.com/quote/AIRC&quot;">52-week high of $38.68</a>.</li>
<li>RSI Value: 78.85                 </li>
<li>AIRC Price Action: Shares of Apartment Income REIT rose 0.2% to trade at $38.43 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Comstock Holding Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>)</h3>
<ul>
<li>On March 21, Comstock Holding Co posted an increase in quarterly sales. &#8220;Our fiscal 2023 results underscore the strength and resiliency of the growth engine we've built at Comstock,&#8221; said Christopher Clemente, Comstock's Chairman and Chief Executive Officer. The company's stock gained around 48% over the past month and <a href="https://www.benzinga.com/quote/CHCI">has a 52-week high</a> of $7.05.</li>
<li>RSI Value: 89.05</li>
<li>CHCI Price Action: Shares of Comstock Holding gained 2.1% to trade at $6.91 on Thursday.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Intraday Update

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Korro Bio shares are trading lower after the company announced a $70 million private placement.

With the highly anticipated Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) halving just two days away, analysts crypto research firm 10x Research are offering a detailed breakdown of what investors can expect in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38314438/jpmorgan-bitcoin-price-may-drop-after-halving-despite-miner-shakeup">aftermath of this pivotal event</a>.
What Happened: &#8220;While social media is abuzz with predictions of an immediate price surge,&#8221; <a href="https://mail.10xresearch.co/p/happens-bitcoin-halving?utm_source=mail.10xresearch.co&amp;utm_medium=newsletter&amp;utm_campaign=what-happens-after-the-bitcoin-halving">says</a> Markus Thielen, an analyst at 10x Research, &#8220;our analysis suggests a more nuanced scenario.&#8221;
Pre-Halving Frenzy May Not Translate To Post-Halving Boom
Thielen highlights Google Trends data showing a surge in &#8220;Bitcoin Halving&#8221; searches, exceeding even the 2020 halving peak. 
However, he cautions against relying solely on historical price movements.
&#8220;We believe Bitcoin&#8217;s price movements are driven by deeper economic incentives,&#8221; says Thielen. 
&#8220;While previous halvings were followed by price increases, the average return has diminished over time.&#8221;
Short-Term Volatility, Long-Term Potential
Based on analysis of past halving cycles, 10x Research predicts a period of potential consolidation following the initial hype. 
Their analysis points to several key factors:
<ul>
<li>Miner Inventory Liquidation:&nbsp;Miners, facing a 50% reduction in block rewards, may need to sell a significant portion of their Bitcoin holdings to maintain revenue. This could create downward pressure on the price in the short term.</li>
<li>Shifting Supply Dynamics:&nbsp;Pre-halving, miners may restrict supply to inflate prices. However, post-halving, they are likely to increase sales to offset the reward reduction.</li>
<li>Macroeconomic Headwinds: Rising interest rates and a potential economic slowdown could further impact market sentiment.</li>
</ul>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38313318/coinbase-veteran-nana-murugesan-joins-matter-labs-to-scale-zksync">Coinbase Veteran Nana Murugesan Joins Matter Labs To Scale zkSync</a>
A Look Back At 2020: Patience May Be Key
Thielen points to the 2020 halving as an example. 
While Bitcoin experienced a modest price increase initially, the significant rally only began months later. 
Similarly, mining stocks initially lagged but surged later in the year.
&#8220;This highlights the importance of a long-term perspective,&#8221; says Thielen. 
&#8220;The halving is a fundamental event that shapes Bitcoin&#8217;s future, but it&#8217;s just one piece of the puzzle. Other factors will also play a role in determining its price trajectory.&#8221;
Gaining Deeper Insights At Benzinga&#8217;s Future Of Digital Assets
For a deeper dive into the post-halving market dynamics and investment strategies, consider attending Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> conference on Nov. 19. 
This event will feature industry leaders and experts discussing the latest trends in on-chain analysis, investment strategies, and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38294295/u-s-senators-lummis-gillibrand-renew-push-for-stablecoin-bill">regulatory developments in the digital asset space.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38312737/bitcoin-defies-165m-etf-outflows-bounces-above-62-000">Bitcoin Defies $165M ETF Outflows, Bounces Above $62,000</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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What Happens After The Bitcoin Halving?

Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.&nbsp;</a>
The company reported first-quarter revenue of $4.21 billion, net of interest expense, which was up 13% year-over-year. The total beat a Street estimate of $4.07 billion, according to<a target="_blank" href="https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" rel="noreferrer noopener">&nbsp;data from Benzinga Pro.</a>
Read More:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38302779/discover-financial-q1-earnings-highlights-revenue-beat-charge-offs-rise-merger-update-and-more" rel="noreferrer noopener">Discover Financial Q1 Earnings Highlights: Revenue Beat, Charge-Offs Rise, Merger Update And More</a>
Goldman Sachs&nbsp;analyst Ryan M. Nash highlights the company&#8217;s whopping $799 million charge related to the card misclassification remediation reserve in the quarter, which Discover Financial Services has incurred in the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">quarter under review.</a>
In terms of credit, March metrics showed signs of improvement, with card DQs down -18bps month on month, outperforming seasonality by 12 bps while the year-over-year increase fell to +107bps versus +127bps last month (+135bps in Jan), the analyst notes.
Evercore&nbsp;ISI&nbsp;analyst John Pancari also flags Discover Financial Services&#8217; sizable incremental customer remediation reserve.
According to the analyst, this is in addition to the company&#8217;s existing ~$370 million reserve related to the card misclassification/merchant tiering issue.&nbsp;
Pancari reiterated an In Line rating on the stock, with&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/DFS/analyst-ratings" rel="noreferrer noopener">price forecast of $140.</a>
Wells Fargo&nbsp;analyst Donald Fandetti reiterated an Equal Weight rating on Discover Financial Services with a forecast of $135.
While Fandetti applauds the company&#8217;s core beat, he cautions about the company&#8217;s &#8220;large&#8221; remediation reserve.
Overall, an ~10.8x P/E is warranted given the optionality of the pending&nbsp;Capital One Financial Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) acquisition, partially mitigated by the deal regulatory&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37204398" rel="noreferrer noopener">challenges and uncertain macro.&nbsp;</a>
The 10.8x is above the historical ~9-10x for card issuers, the analyst highlights.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38310059/looking-for-affordable-connectivity-and-streaming-comcast-unveils-now-eyes-prepaid-and-month-to-" rel="noreferrer noopener">Looking For Affordable Connectivity And Streaming? Comcast Unveils NOW &#8211; Eyes Prepaid And Month-to-month Internet</a>
Price Action: DFS shares are trading higher by 3.25% to $123.82 on the last check Thursday. 
Photo via Shutterstock

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Discover Financial Faces Concerns Over Remediation Reserve, Analysts Caution Despite Q1 Sales Growth

Investors with a lot of money to spend have taken a bullish stance on Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DVN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Devon Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $283,973, and 7 are calls, for a total amount of $334,945.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $57.5 for Devon Energy during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Devon Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Devon Energy's whale trades within a strike price range from $30.0 to $57.5 in the last 30 days. 
<h3>Devon Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713464288_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$4.0</td>
<td>$3.2</td>
<td>$3.37</td>
<td>$55.00</td>
<td>$147.9K</td>
<td>74</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$50.00</td>
<td>$110.7K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$5.95</td>
<td>$5.85</td>
<td>$5.88</td>
<td>$57.50</td>
<td>$101.8K</td>
<td>280</td>
<td style="text-align: right;">94</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$55.00</td>
<td>$47.1K</td>
<td>8.3K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$21.8</td>
<td>$21.55</td>
<td>$21.8</td>
<td>$30.00</td>
<td>$43.6K</td>
<td>10</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Devon Energy</h3>
Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2023, net production totaled roughly 658 thousand boe/d, of which oil and natural gas liquids made up roughly three-quarters of production, with natural gas accounting for the remainder.
After a thorough review of the options trading surrounding Devon Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Devon Energy</h3>
<ul>
<li>Currently trading with a volume of 2,517,916, the DVN's price is up by 0.25%, now at $51.8. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<h3>What Analysts Are Saying About Devon Energy</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $59.0.
<ul>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Devon Energy, which currently sits at a price target of $62. </li>
<li>Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Devon Energy, targeting a price of $57. </li>
<li>In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $59. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Devon Energy with a target price of $50. </li>
<li>An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Devon Energy, which currently sits at a price target of $67. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Devon Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

A Closer Look at Devon Energy's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PSX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Phillips 66.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $71,640, and 6 are calls, for a total amount of $707,495.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $175.0 for Phillips 66 over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Phillips 66 stands at 235.25, with a total volume reaching 360.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Phillips 66, situated within the strike price corridor from $85.0 to $175.0, throughout the last 30 days.
<h3>Phillips 66 Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713464283_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$11.8</td>
<td>$11.5</td>
<td>$11.5</td>
<td>$150.00</td>
<td>$296.7K</td>
<td style="text-align: right;">163</td>
<td style="text-align: right;">294</td>
</tr>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$9.8</td>
<td>$9.2</td>
<td>$9.5</td>
<td>$145.00</td>
<td>$272.6K</td>
<td style="text-align: right;">773</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>PSX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.1</td>
<td>$16.8</td>
<td>$17.0</td>
<td>$160.00</td>
<td>$44.2K</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">21</td>
</tr>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$175.00</td>
<td>$37.0K</td>
<td style="text-align: right;">309</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>PSX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$73.2</td>
<td>$69.7</td>
<td>$71.1</td>
<td>$85.00</td>
<td>$35.5K</td>
<td style="text-align: right;">63</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Phillips 66</h3>
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Having examined the options trading patterns of Phillips 66, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Phillips 66's Current Market Status</h3>
<ul>
<li>With a volume of 1,239,930, the price of PSX is down 0.0% at $157.25. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 8 days.</li>
</ul>
<h3>Professional Analyst Ratings for Phillips 66</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $166.2.
<ul>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Phillips 66 with a target price of $174. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Phillips 66, which currently sits at a price target of $179. </li>
<li>Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Phillips 66, targeting a price of $156. </li>
<li>Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Phillips 66 with a target price of $167. </li>
<li>An analyst from Barclays persists with their Equal-Weight rating on Phillips 66, maintaining a target price of $155. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Phillips 66 with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Phillips 66 Unusual Options Activity

Financial giants have made a conspicuous bearish move on Home Depot. Our analysis of options history for Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) revealed 16 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $595,315, and 6 were calls, valued at $399,057.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $395.0 for Home Depot during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Home Depot's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Home Depot's whale trades within a strike price range from $300.0 to $395.0 in the last 30 days. 
<h3>Home Depot Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713464278_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$6.1</td>
<td>$5.95</td>
<td>$6.1</td>
<td>$345.00</td>
<td>$183.0K</td>
<td style="text-align: right;">690</td>
<td style="text-align: right;">313</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$345.00</td>
<td>$93.9K</td>
<td style="text-align: right;">606</td>
<td style="text-align: right;">152</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$18.85</td>
<td>$18.55</td>
<td>$18.55</td>
<td>$345.00</td>
<td>$92.7K</td>
<td style="text-align: right;">606</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$18.85</td>
<td>$16.5</td>
<td>$17.55</td>
<td>$345.00</td>
<td>$87.7K</td>
<td style="text-align: right;">606</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$38.95</td>
<td>$37.75</td>
<td>$38.0</td>
<td>$300.00</td>
<td>$60.8K</td>
<td style="text-align: right;">667</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>

<h3>About Home Depot</h3>
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). Moreover, the additions of the Company Store brought textile exposure to the lineup, while Redi Carpet added multifamily flooring.
After a thorough review of the options trading surrounding Home Depot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Home Depot</h3>
<ul>
<li>With a volume of 1,565,096, the price of HD is up 0.01% at $332.87. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>What Analysts Are Saying About Home Depot</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $385.0.
<ul>
<li>An analyst from Truist Securities has decided to maintain their Buy rating on Home Depot, which currently sits at a price target of $417. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Home Depot with a target price of $415. </li>
<li>Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Home Depot, targeting a price of $360. </li>
<li>An analyst from Wedbush persists with their Outperform rating on Home Depot, maintaining a target price of $410. </li>
<li>Reflecting concerns, an analyst from HSBC lowers its rating to Reduce with a new price target of $323.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Home Depot, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Home Depot's Options Frenzy: What You Need to Know

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Motorcar Parts of America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>)</h3>
<ul>
<li>On Feb. 9, Motorcar Parts of America posted downbeat quarterly results. The company's stock fell around 29% over the past month and has a <a href="https://www.benzinga.com/quote/MPAA">52-week low of $4.26</a>.</li>
<li>RSI Value: 21.74</li>
<li>MPAA Price Action: Shares of Motorcar Parts of America gained 3.9% to trade at $5.31 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Malibu Boats, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>)   </h3>
<ul>
<li>On April 15, Raymond James analyst Joseph Altobello downgraded Malibu Boats from Outperform to Market Perform. The company's stock fell around 16% over the past five days. It <a href="https://www.benzinga.com/quote/MBUU">has a 52-week low</a> of $33.82.</li>
<li>RSI Value: 26.13</li>
<li>MBUU Price Action: Shares of Malibu Boats rose 1% to trade at $34.30 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">ThredUp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>)</h3>
<ul>
<li>On March 4, ThredUp reported worse-than-expected fourth-quarter GAAP EPS results.. The company's stock fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/TDUP">low of $1.5150</a>.</li>
<li>RSI Value: 29.49</li>
<li>TDUP Price Action: Shares of ThredUp rose 0.7% to trade at $1.54 on Thursday.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

MBUU

MPAA

TDUP

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

SkyBridge Capital's Anthony Scaramucci believes the upcoming Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) halving could put the world&#8217;s largest crypto on a<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38065857/crypto-analyst-believes-200k-for-bitcoin-would-be-underwhelming-predicts-king-crypto-to-re"> path towards $200,000 per coin</a>.
What To Know: Thursday on CNBC&#8217;s &#8220;Squawk Box,&#8221; Scaramucci suggested that Bitcoin could soon break through new highs. He expects the crypto to trend higher over the next 12 months.
&#8220;Long term, with the halving coming this week &#8230; I think this thing trades to $170,000, possibly to $200,000,&#8221; Scaramucci said. 
<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293678/spot-bitcoin-etfs-bleed-another-58m-mining-stocks-under-pressure">Bitcoin miners</a> receive a reward for successfully mining transactions. The amount of rewards miners receive is set to be cut in half in the coming days. Crypto markets have historically rallied in the months following a halving event.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38317307/bitcoin-halving-will-institutions-and-smart-money-upend-past-price-rallies">Bitcoin Halving: Will Institutions And &#8220;Smart Money&#8221; Upend Past Price Rallies?</a>
Scaramucci told CNBC the current downside risk in Bitcoin is about 10% to 15%, given geopolitical uncertainty, but the upside is significantly higher, he said, citing heavy demand due to recently approved Bitcoin ETFs and new players coming into the space.
Scaramucci previously pointed out that <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37370160/this-upcoming-catalyst-could-ignite-bitcoin-rally-to-200k-per-coin">Bitcoin tends to quadruple</a> after a halving. Although Bitcoin is 14 years old, it&#8217;s still very young in terms of adoption, he said. Until Bitcoin reaches 1 billion users, the asset will remain very volatile, he added. 
&#8220;Over a rolling four-year period of time, no one has ever lost money in Bitcoin. If you&#8217;re willing to hold the asset for say five years &#8230; I think you do very well,&#8221; Scaramucci said. 
If you are willing to hold the asset even longer, you could be in for some ridiculous gains, per Scaramucci&#8217;s longer-term view. He told CNBC he expects Bitcoin to eventually eclipse the market cap of gold, which is currently estimated at around $16 trillion. Bitcoin&#8217;s current market cap is approximately $1.25 trillion.
&#8220;The acceptance regulatorily is going to allow people to put it in the portfolio. A 1% position in these global portfolios takes it there,&#8221; Scaramucci said.
See Also: &#8216;<a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very">Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
$BTC Price Action: Bitcoin was up 5.27% over a 24-hour period, hovering around $63,400 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Photo: Shutterstock.

Commodities

Bitcoin To $200K After Halving? SkyBridge's Scaramucci Believes The Crypto Will Eclipse Gold Market Cap

With the <a href="https://www.benzinga.com/topic/bitcoin-halving">Bitcoin halving</a> around the corner, Benzinga takes a look at how the meme coin landscape has changed since the last halving.
What Happened: According to CoinGecko <a href="https://www.coingecko.com/en/categories/meme-token">data</a>, the market capitalization of meme coins stands around $49.3 billion.
While countless meme coins are being launched on a daily basis, the top two players have remained unchanged since the last halving:
<ul>
<li>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>): Launched in December 2013, the meme coin leader has erased multiple zeros from its price, currently trading at $0.15, up 60% year-to-date. It is ranked eighth on the overall crypto board. Here is <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38190312/what-happened-to-dogecoin-after-the-bitcoin-halving-four-years-ago">what happened to Dogecoin after the last Bitcoin Halving.</a></li>
<li>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>):  Introduced as the &#8220;Dogecoin Killer,&#8221; Shiba Inu launched in August 2020, a few months after the last halving. Currently ranked second on the board, Shiba Inu is famously volatile, up 96% year-to-date and ranked eleventh among all cryptocurrencies.</li>
</ul>
The meme coin leaders may not have real-world utilities, but Shiba Inu has been consistently working on developing its token&#8217;s applicability and adopting token burns to reduce market supply and impact price movements. Meanwhile, the Dogecoin community is eagerly awaiting the coin&#8217;s adoption as a payment feature on X.       
Heavily-followed crypto trader Crypto Tony <a href="https://twitter.com/CryptoTony__/status/1780527118343942496">tweeted</a>, "Memecoins really are ride to 0 or to the moon. Always enter expecting nothing back."         
Next in line are the $2 billion valuation meme coin club members:
<ul>
<li>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>): Introduced in December 2023 as a Shiba Inu dog wearing a hat, this meme coin has shot from zero to over $4 billion in the past six months. It reached the $1 mark within three months of its launch and quickly hit subsequent price thresholds up to nearly $5, outpacing the meme coin leaders that have yet to reach the $1 level.</li>
<li>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>): Launched in April 2023, this frog-themed coin stands out among the dog and cat coins. Not only has it been recently listed on leading exchanges, but it is also witnessing a significant increase in its holder base.</li>
</ul>
Following Shiba Inu&#8217;s lead in burning tokens as a marketing gimmick are:
<ul>
<li>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), launched in July 2021, and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>), introduced in January 2023, have accumulated 275% and 1,450% gains respectively in the past year. Floki has burned around 59% of its total supply to date, while BONKBot revealed in an early April tweet that it has burned 256.8 billion BONK tokens so far.</li>
</ul>
Next is a community-driven AI project:
<ul>
<li>CorgiAI (CRYPTO: CORGIAI): Launched in July 2023, this token aims to expand and become the top community token in the Cronos ecosystem and beyond. It has seen a 563% gain in the past year, rapidly reaching its position in the top 10 meme coins.</li>
</ul>
The latest entrants in 2024 are:
<ul>
<li>Brett (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BRETT</a>), Book Of Meme (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BOME</a>), and Cat in a Dogs World (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MEW</a>) are the latest additions to the meme coin board, having launched in March 2024.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37875272/how-meme-coin-sausage-is-made-according-to-crypto-vc-i-may-be-everyones-exit-liquidity?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=TopStories">How &#8216;Meme Coin Sausage Is Made,&#8217; According To Crypto VC: &#8216;I May Be Everyone&#8217;s Exit Liquidity&#8217;</a>
Why It Matters: While meme coins have generated skyrocketing returns since the start of 2024 amid what is being called the <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37445799/welcome-to-the-memecoin-supercycle-mad-crypto-money-with-ivan">meme coin super cycle</a>, the lack of utility and increasing number of scams raise concerns in the crypto community.
A CoinGecko report highlighted the meme coin narrative as the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38147768/crypto-q1-report-highlights-300-meme-coin-renaissance-and-major-step-for-ethereum">most profitable</a> in the year&#8217;s first quarter, with the highest returns of 1312.6% on average across its top tokens. The report adds that the meme coin narrative was 4.6 times more profitable than the next best-performing crypto narrative, real-world assets.
With the upcoming Bitcoin Halving, analysts continue to predict a bull run in Bitcoin prices until the end of the year, potentially pushing altcoins, including meme coins, even higher.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38269843/dogecoin-shiba-inu-dogwifhat-among-top-picks-for-this-researchers-meme-coin-supercycle-the">Dogecoin, Shiba Inu, Dogwifhat Among Top Picks For This Researcher&#8217;s &#8216;Meme Coin Supercycle&#8217; Thesis</a>
Image: Shutterstock

$BOME

$BONK

$BRETT

$DOGE

$FLOKI

$MEW

$PEPE

$SHIB

$WIF

Dogecoin, Shiba Inu And Who Else? How Meme Coins Have Evolved Since The Last Bitcoin Halving

Wisdom passed down through generations often serves investors well in markets. "Don't put all your eggs in one basket" is a good lesson about portfolio diversification and risk management.&nbsp;
But there's another old saying that applies to markets, at least in some situations: "One bad apple can spoil the whole bunch." Barings Bank, one of England's oldest and most influential institutions, learned this the hard way when its lack of internal controls allowed a renegade prop trader to get himself — and the firm— in hot water.
Don't Miss:&nbsp;
<ul>
<li>This prop trading firm allows traders to receive 100% of the first $25,000 per account and 90% beyond that.<a href="https://www.benzinga.com/money/apex-trader-funding"> Heres how you can get in on the profit.</a></li>
</ul>
<h2 class="wp-block-heading">Risk (Mis)management</h2>
Barings Bank was one of Britain's most renowned financial firms, with a history dating to the early 1760s. In Jules Verne's 1872 classic "Around The World In 80 Days," Barings Bank holds the £20,000 ($24,894) wager check while Phileas Fogg attempts to beat the clock in his global circumnavigation.&nbsp;
In the early 1990s, Barings Bank sought to expand its operations and hired a young hotshot trader named Nick Leeson at its Singapore office. Leeson was inexperienced but bold, and his early trading strategies raked in profits for Barings. Leeson earned Barings £2 million in 1992, specializing in <a href="https://www.benzinga.com/money/best-strategies-for-futures-trading">futures and derivatives</a>, and his success allowed his trading activity to go largely unsupervised.
Encouraged by his lack of supervision and increasingly lucrative bonuses, Leeson began to take on more risk. But he did more than execute risky trades — he began to cover up losses using so-called "error accounts," which were meant to be dummy accounts used to fix trading errors. Barings executives failed to notice the deception, and Leeson kept hiding bad trades in the error account while reporting his wins to his bosses.&nbsp;
<h2 class="wp-block-heading">Digging Deeper By Doubling Down</h2>
Barings Bank might have avoided a death sentence if Leeson had just come clean once it was apparent trouble was brewing. But like a tilting gambler, Leeson adopted a martingale system in which he doubled his wager after every losing investment. If one trade lost £200,000, he'd throw £400,000 into the next trade.&nbsp;
Additionally, Leeson began hiding increasingly larger losses in his secretive account. A £2 million negative balance in 1992 expanded to £23 million by 1993. By 1994, the account was over £208 million in the red, and Leeson was getting desperate. In a rash move, he placed a <a href="https://www.benzinga.com/money/best-futures-trading-software">futures trade</a> that would profit if volatility remained low in Japan's Nikkei 225 index. Leeson's timing could not have been worse — an earthquake struck the following day, rattling Asian markets and destroying Leeson's positions.
The scandal's aftermath was swift and brutal. Leeson left the bank with losses beyond its available capital, and his deceit earned him a criminal conviction and four years in a Singapore prison cell. Barings Bank barreled into bankruptcy and was eventually sold for a single pound to Dutch competitor ING Group. In three years, Leeson's reckless trading and subsequent fraud had turned Barings Bank from a respected institution to a defunct failure.
Prop traders often have to deal with conflicting emotions. On one hand, the most profitable traders are the ones who receive funding, but on the other, too much risk can sink a portfolio and a reputation. Prop trading isn't for the faint-hearted. But if you have an eye for trading (and the stomach to handle volatility), consider a prop trading challenge like the <a href="https://the5ers.com/bootcamp/">Bootcamp program</a> offered by The 5ers, where you can get started with $100,000 in demo capital for less than $100.
Read Next:
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Financial giants have made a conspicuous bullish move on Trade Desk. Our analysis of options history for Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) revealed 14 unusual trades.
Delving into the details, we found 78% of traders were bullish, while 21% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $820,467, and 7 were calls, valued at $516,755.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $140.0 for Trade Desk during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Trade Desk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Trade Desk's substantial trades, within a strike price spectrum from $80.0 to $140.0 over the preceding 30 days.
<h3>Trade Desk Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713463463_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$7.65</td>
<td>$7.6</td>
<td>$7.6</td>
<td>$82.50</td>
<td>$594.3K</td>
<td>1.9K</td>
<td style="text-align: right;">796</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.8</td>
<td>$6.75</td>
<td>$6.8</td>
<td>$82.50</td>
<td>$136.0K</td>
<td>1.0K</td>
<td style="text-align: right;">710</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.75</td>
<td>$82.50</td>
<td>$135.0K</td>
<td>1.0K</td>
<td style="text-align: right;">110</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.75</td>
<td>$82.50</td>
<td>$73.5K</td>
<td>1.0K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$49.1</td>
<td>$48.85</td>
<td>$49.1</td>
<td>$130.00</td>
<td>$54.0K</td>
<td>1</td>
<td style="text-align: right;">22</td>
</tr>
</tbody>
</table>

<h3>About Trade Desk</h3>
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
Having examined the options trading patterns of Trade Desk, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Trade Desk</h3>
<ul>
<li>Trading volume stands at 895,488, with TTD's price up by 0.7%, positioned at $80.69.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 20 days.</li>
</ul>
<h3>What The Experts Say On Trade Desk</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $100.0.
<ul>
<li>An analyst from Needham downgraded its action to Buy with a price target of $100. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Trade Desk, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Trade Desk's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bearish stance on Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TOL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Toll Brothers.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $451,815, and there was 1 call, for a total amount of $63,750.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $120.0 for Toll Brothers, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Toll Brothers stands at 405.5, with a total volume reaching 1,900.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Toll Brothers, situated within the strike price corridor from $100.0 to $120.0, throughout the last 30 days.
<h3>Toll Brothers Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713463457_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$10.2</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$120.00</td>
<td>$76.4K</td>
<td style="text-align: right;">250</td>
<td style="text-align: right;">713</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$10.2</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$120.00</td>
<td>$76.3K</td>
<td style="text-align: right;">250</td>
<td style="text-align: right;">713</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$9.7</td>
<td>$9.4</td>
<td>$9.55</td>
<td>$120.00</td>
<td>$69.9K</td>
<td style="text-align: right;">250</td>
<td style="text-align: right;">214</td>
</tr>
<tr>
<td>TOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.8</td>
<td>$25.3</td>
<td>$25.5</td>
<td>$100.00</td>
<td>$63.7K</td>
<td style="text-align: right;">561</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>TOL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$9.5</td>
<td>$9.1</td>
<td>$9.35</td>
<td>$120.00</td>
<td>$56.1K</td>
<td style="text-align: right;">250</td>
<td style="text-align: right;">60</td>
</tr>
</tbody>
</table>

<h3>About Toll Brothers</h3>
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.
Following our analysis of the options activities associated with Toll Brothers, we pivot to a closer look at the company's own performance.
<h3>Toll Brothers's Current Market Status</h3>
<ul>
<li>Trading volume stands at 573,889, with TOL's price up by 0.08%, positioned at $113.51.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 33 days.</li>
</ul>
<h3>What Analysts Are Saying About Toll Brothers</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $147.5.
<ul>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Toll Brothers with a target price of $157. </li>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Toll Brothers, targeting a price of $138. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Toll Brothers options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding Toll Brothers's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on B. Riley Financial. Our analysis of options history for B. Riley Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) revealed 9 unusual trades.
Delving into the details, we found 11% of traders were bullish, while 88% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $267,455, and 2 were calls, valued at $60,017.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $25.0 for B. Riley Financial over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in B. Riley Financial's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to B. Riley Financial's substantial trades, within a strike price spectrum from $20.0 to $25.0 over the preceding 30 days.
<h3>B. Riley Financial 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713463451_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.31</td>
<td>$20.00</td>
<td>$76.1K</td>
<td>3.1K</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$1.65</td>
<td>$1.45</td>
<td>$1.65</td>
<td>$21.00</td>
<td>$37.2K</td>
<td>140</td>
<td style="text-align: right;">255</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$1.7</td>
<td>$1.55</td>
<td>$1.55</td>
<td>$21.00</td>
<td>$35.2K</td>
<td>140</td>
<td style="text-align: right;">255</td>
</tr>
<tr>
<td>RILY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.4</td>
<td>$3.1</td>
<td>$3.2</td>
<td>$20.00</td>
<td>$32.0K</td>
<td>762</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$2.9</td>
<td>$2.4</td>
<td>$2.45</td>
<td>$22.00</td>
<td>$31.3K</td>
<td>383</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About B. Riley Financial</h3>
B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer segment.
In light of the recent options history for B. Riley Financial, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of B. Riley Financial</h3>
<ul>
<li>Trading volume stands at 192,897, with RILY's price down by 0.0%, positioned at $20.46.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for B. Riley Financial with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.