First Trust Merger Arbitrage ETF (ARCA: MARB)

First Trust Merger Arbitrage ETF (ARCA:MARB), Trade Ideas

First Trust Merger Arbitrage ETF

Marblegate Acquisition Corp. - Class A Common Stock

Marblegate Acquisition Corp

Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) on Friday announced the creation of an AI Innovation Lab&nbsp;with&nbsp;Estee Lauder Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>)
The companies will work together to develop solutions that further empower Estee Lauder&#8217;s&nbsp;more than 20 beauty brands as they create closer consumer&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38454085/the-est-e-lauder-companies-and-microsoft-increase-collaboration-to-power-prestige-beauty-with-gene" rel="noreferrer noopener">connections and increase speed to market with local relevancy.</a>
&#8220;With Microsoft&#8217;s generative AI tools and extensive expertise, we&nbsp;are able to&nbsp;leverage Estee Lauder&#8217;s tremendous data to create more personalized consumer experiences and faster insights to action&nbsp;resulting&nbsp;in increased speed to market and stronger local relevancy,&#8221; said&nbsp;Jane Lauder, EVP, Enterprise Marketing, and chief data officer, The Estée Lauder Companies.
The AI Innovation Lab signifies an intensified strategic bond between Estee Lauder and Microsoft, which&nbsp;was&nbsp;initiated&nbsp;in 2017.&nbsp;
As a part of this enduring alliance, Estee Lauder&nbsp;selected Azure AI as the foundation for its Voice-Enabled Makeup Assistant.&nbsp;
The AI Innovation Lab further positions both companies at the forefront of reimagining the beauty industry with generative AI, per a press release.
&#8220;Generative AI represents a significant opportunity for the beauty industry — creating more engaging customer experiences, getting products into the hands of consumers faster, developing new products more efficiently and sustainably, and much more,&#8221; said&nbsp;Shelley Bransten, corporate vice&nbsp;president,&nbsp;Global&nbsp;Industry Solutions, Microsoft.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38466580" rel="noreferrer noopener">Microsoft Thanks Call Of Duty, Candy Crush For Sizzling Q3 Gaming Results</a>
Price Action: EL shares are trading higher by 1.30% to $146.88 at last check Friday, while MSFT shares are trading higher by 2.77% to $410.10.
Photo via Wikimedia Commons

Equities

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Tech

General

MSFT

Generative AI In Beauty? Estee Lauder Strengthens Pacts With Microsoft To Create AI Lab

Raymond James analyst Aaron Kessler reiterates Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Outperform and raises the price target from $15 to $16.

Price Target

Reiteration

Analyst Ratings

SNAP

Raymond James Reiterates Outperform on Snap, Raises Price Target to $16

<a href="https://truthsocial.com/@realDonaldTrump/posts/112338695931922120">https://truthsocial.com/@realDonaldTrump/posts/112338695931922120</a>
&nbsp;

Government

Politics

Former President Trump On Truth Social Says He Will Debate President Biden "ANYWHERE, ANYTIME, ANYPLACE"

Raymond James analyst Andrew Marok reiterates Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a Outperform and raises the price target from $450 to $480.

Raymond James Reiterates Outperform on Microsoft, Raises Price Target to $480

WIIM

Li Auto shares are trading higher amid overall strength in Chinese stocks.

Raymond James analyst Srini Pajjuri reiterates KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Outperform and raises the price target from $625 to $750.

KLAC

Raymond James Reiterates Outperform on KLA, Raises Price Target to $750

<a href="https://www.bls.gov/productivity/notices/2024/corrected-hours-worked-and-labor-productivity-for-labor-productivity-and-costs-fourth-quarter-2023.htm" title="https://www.bls.gov/productivity/notices/2024/corrected-hours-worked-and-labor-productivity-for-labor-productivity-and-costs-fourth-quarter-2023.htm">https://www.bls.gov/productivity/notices/2024/corrected-hours-worked-and-labor-productivity-for-labor-productivity-and-costs-fourth-quarter-2023.htm</a>

U.S. Bureau Of Labor Statistics Corrects Computation Error For 2019-2023 Hours Worked And Labor Productivity Data

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>KEY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$16.00</td>
<td>$26.5K</td>
<td>176</td>
<td>11.4K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$39.00</td>
<td>$78.0K</td>
<td>11.6K</td>
<td>8.4K</td>
</tr>
<tr>
<td>AGNC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$9.00</td>
<td>$70.0K</td>
<td>33.7K</td>
<td>6.2K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$27.3K</td>
<td>11.7K</td>
<td>3.2K</td>
</tr>
<tr>
<td>CRBG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$20.00</td>
<td>$41.8K</td>
<td>2.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$55.00</td>
<td>$160.7K</td>
<td>2.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$47.5K</td>
<td>1.5K</td>
<td>903</td>
</tr>
<tr>
<td>KNSL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$440.00</td>
<td>$109.3K</td>
<td>179</td>
<td>97</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$81.00</td>
<td>$58.2K</td>
<td>190</td>
<td>77</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$43.0K</td>
<td>277</td>
<td>46</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding KEY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on May 31, 2024. Parties traded 1650 contract(s) at a $16.00 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 $26.5K, with a price of $16.0 per contract. There were 176 open contracts at this strike prior to today, and today 11406 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 7 day(s) on May 3, 2024. Parties traded 6000 contract(s) at a $39.00 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 $78.0K, with a price of $13.0 per contract. There were 11646 open contracts at this strike prior to today, and today 8439 contract(s) were bought and sold. 
• For AGNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>), we notice a put option trade that happens to be bearish, expiring in 56 day(s) on June 21, 2024. This event was a transfer of 2500 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $28.0 per contract. There were 33727 open contracts at this strike prior to today, and today 6278 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 trade that happens to be bearish, expiring in 203 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.3K, with a price of $390.0 per contract. There were 11732 open contracts at this strike prior to today, and today 3279 contract(s) were bought and sold. 
• Regarding CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we observe a put option sweep with bullish sentiment. It expires in 175 day(s) on October 18, 2024. Parties traded 759 contract(s) at a $20.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $41.8K, with a price of $55.0 per contract. There were 2914 open contracts at this strike prior to today, and today 2077 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a put option trade that happens to be bullish, expiring in 147 day(s) on September 20, 2024. This event was a transfer of 800 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $160.7K, with a price of $201.0 per contract. There were 2093 open contracts at this strike prior to today, and today 1299 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 call option sweep with neutral sentiment. It expires in 266 day(s) on January 17, 2025. Parties traded 36 contract(s) at a $85.00 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 $47.5K, with a price of $1320.0 per contract. There were 1554 open contracts at this strike prior to today, and today 903 contract(s) were bought and sold. 
• For KNSL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>), we notice a put option sweep that happens to be bearish, expiring in 21 day(s) on May 17, 2024. This event was a transfer of 19 contract(s) at a $440.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $109.3K, with a price of $5717.0 per contract. There were 179 open contracts at this strike prior to today, and today 97 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 put option sweep with bearish sentiment. It expires in 7 day(s) on May 3, 2024. Parties traded 71 contract(s) at a $81.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $58.2K, with a price of $820.0 per contract. There were 190 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 trade that happens to be bullish, expiring in 630 day(s) on January 16, 2026. This event was a transfer of 30 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $1435.0 per contract. There were 277 open contracts at this strike prior to today, and today 46 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

AFRM

AGNC

CRBG

KNSL

PYPL

10 Financials Stocks With Whale Alerts 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. 
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>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$170.00</td>
<td>$25.6K</td>
<td>14.3K</td>
<td>134.1K</td>
</tr>
<tr>
<td>HAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$31.3K</td>
<td>4.3K</td>
<td>4.7K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$165.00</td>
<td>$25.2K</td>
<td>492</td>
<td>3.3K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.00</td>
<td>$153.0K</td>
<td>231</td>
<td>3.0K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$38.50</td>
<td>$29.3K</td>
<td>38</td>
<td>2.9K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$9.00</td>
<td>$76.1K</td>
<td>1.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$59.5K</td>
<td>982</td>
<td>603</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$43.00</td>
<td>$31.5K</td>
<td>2.6K</td>
<td>559</td>
</tr>
<tr>
<td>TSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$240.00</td>
<td>$36.4K</td>
<td>322</td>
<td>236</td>
</tr>
<tr>
<td>HD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$325.00</td>
<td>$33.6K</td>
<td>798</td>
<td>128</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 622 contract(s) at a $170.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $42.0 per contract. There were 14300 open contracts at this strike prior to today, and today 134108 contract(s) were bought and sold. 
• For HAS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), we notice a call option sweep that happens to be bearish, expiring in 21 day(s) on May 17, 2024. This event was a transfer of 223 contract(s) at a $65.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $31.3K, with a price of $140.0 per contract. There were 4345 open contracts at this strike prior to today, and today 4707 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on May 3, 2024. This event was a transfer of 15 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $1680.0 per contract. There were 492 open contracts at this strike prior to today, and today 3313 contract(s) were bought and sold. 
• Regarding PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we observe a call option sweep with bullish sentiment. It expires in 147 day(s) on September 20, 2024. Parties traded 3000 contract(s) at a $4.00 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 $153.0K, with a price of $52.0 per contract. There were 231 open contracts at this strike prior to today, and today 3013 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option trade that happens to be neutral, expiring in 21 day(s) on May 17, 2024. This event was a transfer of 299 contract(s) at a $38.50 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $98.0 per contract. There were 38 open contracts at this strike prior to today, and today 2975 contract(s) were bought and sold. 
• Regarding XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we observe a call option sweep with bullish sentiment. It expires in 84 day(s) on July 19, 2024. Parties traded 1000 contract(s) at a $9.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $76.1K, with a price of $76.0 per contract. There were 1364 open contracts at this strike prior to today, and today 1025 contract(s) were bought and sold. 
• For CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on May 17, 2024. This event was a transfer of 106 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $59.5K, with a price of $562.0 per contract. There were 982 open contracts at this strike prior to today, and today 603 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on May 3, 2024. This event was a transfer of 100 contract(s) at a $43.00 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 $31.5K, with a price of $317.0 per contract. There were 2618 open contracts at this strike prior to today, and today 559 contract(s) were bought and sold. 
• For TSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), we notice a put option sweep that happens to be bullish, expiring in 175 day(s) on October 18, 2024. This event was a transfer of 64 contract(s) at a $240.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $570.0 per contract. There were 322 open contracts at this strike prior to today, and today 236 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a put option trade with bullish sentiment. It expires in 21 day(s) on May 17, 2024. Parties traded 81 contract(s) at a $325.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $415.0 per contract. There were 798 open contracts at this strike prior to today, and today 128 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.

AMZN

CAVA

PTON

TSCO

TSLA

XPEV

10 Consumer Discretionary Stocks With Whale Alerts 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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$880.00</td>
<td>$34.6K</td>
<td>10.4K</td>
<td>64.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$170.00</td>
<td>$32.8K</td>
<td>9.8K</td>
<td>44.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$850.00</td>
<td>$26.0K</td>
<td>2.0K</td>
<td>16.1K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$140.00</td>
<td>$26.7K</td>
<td>22.7K</td>
<td>8.8K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$23.00</td>
<td>$72.8K</td>
<td>12.8K</td>
<td>8.1K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$19.00</td>
<td>$58.5K</td>
<td>1.8K</td>
<td>4.8K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$34.00</td>
<td>$51.1K</td>
<td>1.4K</td>
<td>3.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$70.00</td>
<td>$148.5K</td>
<td>7.7K</td>
<td>2.9K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$111.00</td>
<td>$27.3K</td>
<td>1.2K</td>
<td>2.7K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$155.00</td>
<td>$25.7K</td>
<td>5.6K</td>
<td>2.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be neutral, is expiring today. Parties traded 52 contract(s) at a $880.00 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 $34.6K, with a price of $669.0 per contract. There were 10428 open contracts at this strike prior to today, and today 64059 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 820 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $40.0 per contract. There were 9859 open contracts at this strike prior to today, and today 44416 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bearish, is expiring today. Parties traded 20 contract(s) at a $850.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $1300.0 per contract. There were 2095 open contracts at this strike prior to today, and today 16144 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bullish sentiment. It expires in 56 day(s) on June 21, 2024. Parties traded 39 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $685.0 per contract. There were 22727 open contracts at this strike prior to today, and today 8837 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bearish sentiment. It expires in 21 day(s) on May 17, 2024. Parties traded 8000 contract(s) at a $23.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $72.8K, with a price of $9.0 per contract. There were 12819 open contracts at this strike prior to today, and today 8111 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on May 3, 2024. Parties traded 398 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $147.0 per contract. There were 1881 open contracts at this strike prior to today, and today 4802 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bearish sentiment. It expires in 84 day(s) on July 19, 2024. Parties traded 430 contract(s) at a $34.00 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 $51.1K, with a price of $119.0 per contract. There were 1493 open contracts at this strike prior to today, and today 3226 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on May 3, 2024. This event was a transfer of 940 contract(s) at a $70.00 strike. This particular call needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $148.5K, with a price of $158.0 per contract. There were 7751 open contracts at this strike prior to today, and today 2974 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 74 contract(s) at a $111.00 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 $27.3K, with a price of $370.0 per contract. There were 1291 open contracts at this strike prior to today, and today 2740 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on May 3, 2024. This event was a transfer of 50 contract(s) at a $155.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 5673 open contracts at this strike prior to today, and today 2066 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.

AAPL

INTC

MARA

MRVL

NVDA

RIOT

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

Raymond James analyst Patrick O'Shaughnessy maintains Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Outperform and raises the price target from $1413 to $1418.

FICO

Raymond James Maintains Outperform on Fair Isaac, Raises Price Target to $1418

Raymond James analyst John Ransom reiterates Encompass Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>) with a Strong Buy and raises the price target from $85 to $95.

Raymond James Reiterates Strong Buy on Encompass Health, Raises Price Target to $95

JP Morgan Chase &amp; Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) inaugurated a new Community Center branch in the Grand Concourse<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38462538/chase-opens-innovative-branch-in-bronxs-grand-concourse-neighborhood" rel="noreferrer noopener">&nbsp;neighborhood of the Bronx on Friday.&nbsp;</a>
This branch will expand access to banking, tools, and advice to help customers achieve financial health and resilience.
The Grand Concourse Community Center branch features a team of local financial health experts focused on community engagement, mentorship&nbsp;and&nbsp;advice, JP Morgan said in a press release.
&#8220;The location looks and feels different from a &#8220;typical&#8221; bank – it combines a modern design, spacious layout, and the latest banking technology, reflecting how customers engage with Chase today,&#8221; according to a press release.
The new Community Center represents an investment of $5 million.&nbsp;
Chase contracted Excel Construction, a local minority-owned construction firm, to build this location.&nbsp;Construction is already underway in Brooklyn&nbsp;and&nbsp;the firm expects to open the branch by&nbsp;end&nbsp;of the year.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, JPM stock has gained over 43% in the past year. Investors can gain exposure to the stock via&nbsp;IShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund &#8211; Financial&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
The company recently&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38217534" rel="noreferrer noopener">first-quarter&nbsp;FY24 results.</a>&nbsp;The net revenue (managed) was $42.5 billion (+8% year over year).
For FY24,&nbsp;JPMorgan expects net interest income, excluding Markets, of ~$89 billion (vs.&nbsp;$88 billion earlier). The bank anticipates card&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">services NCO rate of &lt;3.50%.</a>
Price Action: JPM shares are trading higher by 0.34% to $194.03 at last check Friday.
Image via Shutterstock

Movers

iShares Trust Dow Jones US Financial Services Index Fund

JP Morgan Chase Launches Innovative Community Center Branch In Bronx, Investing $5M To Enhance Financial Access

Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom.
Using data from the Federal Reserve's Survey of Consumer Finances, a 2024 survey by the Employee Benefit Research Institute, reveals that individuals with over $1 million in retirement accounts rank in the top 3% of retirees. Only 3.2% of retirees have surpassed the $1 million mark, and just 0.1% boast over $5 million.
Don't Miss:
<ul>
<li>82% of Americans aren&#8217;t using<a href="https://www.benzinga.com/money/public-hys"> this government secured 5% passive income stream</a>, are you one of them?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
The mean net worth of the average U.S. household was about <a href="https://www.benzinga.com/personal-finance/financial-advisors/23/12/36078165/if-the-average-american-household-is-a-millionaire-with-a-net-worth-of-1-06-m">$1.06 million in 2022</a>, according to the Federal Reserve. This figure includes assets such as nonretirement investments and real estate, which can significantly aid retirement finances, suggesting many might be better prepared than the average savings indicate.
Retirement savings vary greatly. Adults between the ages of 32 and 61 have an average of $129,000 saved strictly for retirement, which increases to $310,793 when considering a broader definition of retirement assets. Despite the significant wealth at the top, the overall picture across different age groups shows considerable variability in savings. This reflects the diversity in financial preparation among Americans, with some nearing retirement possessing substantial resources while others, especially younger people, are just starting to save.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: The<a href="https://www.benzinga.com/money/public-hys-avgamerican"> shocking amount the average American would save by now</a> if they started an account in 2010 with today&#8217;s high yield savings rates will make you run to open your own.
<hr class="wp-block-separator has-alpha-channel-opacity" />
By 2030, over 73 million Americans are expected to be retirees, making up about 22% of the U.S. population. The growing number of retirees highlights the need for robust retirement planning, especially as the baby boom generation ages and the ratio of retirees in the population increases, posing significant challenges for Social Security and retirement funding systems.
Given the recent rise in living costs, Americans now estimate needing $1.46 million to retire comfortably, a 53% increase from the $951,000 reported in 2020 and 15% higher than the $1.27 million estimated last year, according to Northwestern Mutual.
As retirement planning is a crucial aspect of financial health, understanding where you stand compared to these benchmarks is key. If you're curious about how your retirement savings stack up or need strategies to boost your financial security, <a href="https://www.benzinga.com/money/smartasset">consulting with a financial adviser</a> can provide personalized guidance and planning. An adviser can help you navigate your unique financial landscape, ensuring you make the most of your investments and approach retirement with confidence.
Read Next:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>If the United States had access to<a href="https://www.benzinga.com/money/public-hys-avgamerican"> today&#8217;s high-yield savings accounts rates</a> in 2015, it wouldn&#8217;t need to save another penny.</li>
</ul>

Personal Finance

Are You Saving Enough To Be In The Top 3% Of Retirees? Here's How Much You Need

Raymond James analyst Jayson Bedford maintains DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) with a Strong Buy and raises the price target from $151 to $160.

DXCM

Raymond James Maintains Strong Buy on DexCom, Raises Price Target to $160

TD Cowen analyst Moshe Orenbuch maintains Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) with a Sell and lowers the price target from $14 to $13.

NAVI

TD Cowen Maintains Sell on Navient, Lowers Price Target to $13

Investors with a lot of money to spend have taken a bullish stance on Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>).
And retail traders should know.
We noticed this today when the positions 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 AR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Antero Resources.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 21%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $151,000, and 13, calls, for a total amount of $600,985.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $42.0 for Antero Resources over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Antero Resources stands at 1426.7, with a total volume reaching 3,562.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Antero Resources, situated within the strike price corridor from $23.0 to $42.0, throughout the last 30 days.
<h3>Antero Resources Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714152708_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.8</td>
<td>$7.55</td>
<td>$7.55</td>
<td>$40.00</td>
<td>$151.0K</td>
<td>15</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>AR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.1</td>
<td>$2.08</td>
<td>$2.1</td>
<td>$42.00</td>
<td>$84.0K</td>
<td>662</td>
<td style="text-align: right;">900</td>
</tr>
<tr>
<td>AR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.55</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$25.00</td>
<td>$68.0K</td>
<td>603</td>
<td style="text-align: right;">88</td>
</tr>
<tr>
<td>AR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$3.45</td>
<td>$1.35</td>
<td>$1.35</td>
<td>$32.00</td>
<td>$65.3K</td>
<td>1.2K</td>
<td style="text-align: right;">600</td>
</tr>
<tr>
<td>AR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$12.65</td>
<td>$12.45</td>
<td>$12.55</td>
<td>$23.00</td>
<td>$50.2K</td>
<td>1.4K</td>
<td style="text-align: right;">53</td>
</tr>
</tbody>
</table>

<h3>About Antero Resources</h3>
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 33% liquids and 66% natural gas.
Having examined the options trading patterns of Antero Resources, 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 Antero Resources</h3>
<ul>
<li>With a trading volume of 4,639,497, the price of AR is up by 1.48%, reaching $33.88.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 89 days from now.</li>
</ul>
<h3>Expert Opinions on Antero Resources</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $31.4.
<ul>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Antero Resources, targeting a price of $27. </li>
<li>An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $36. </li>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Antero Resources, maintaining a target price of $26. </li>
<li>Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Antero Resources with a target price of $36. </li>
<li>An analyst from Barclays has revised its rating downward to Equal-Weight, adjusting the price target to $32. </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 Antero Resources options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on Antero Resources: Analyzing the Surge in Options Activity

Raymond James analyst Josh Beck maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $160 to $200.

GOOGL

Raymond James Maintains Outperform on Alphabet, Raises Price Target to $200

Investors with a lot of money to spend have taken a bullish stance on Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</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 HOOD, 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 Robinhood Markets.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $89,504, and 6 are calls, for a total amount of $202,775.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $17.5 to $20.5 for Robinhood Markets during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Robinhood Markets's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Robinhood Markets's significant trades, within a strike price range of $17.5 to $20.5, over the past month.
<h3>Robinhood Markets 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714152703_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>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.7</td>
<td>$3.65</td>
<td>$3.7</td>
<td>$20.50</td>
<td>$57.7K</td>
<td>4</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.35</td>
<td>$5.25</td>
<td>$5.35</td>
<td>$20.00</td>
<td>$52.9K</td>
<td>31.0K</td>
<td style="text-align: right;">181</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$1.05</td>
<td>$1.03</td>
<td>$1.05</td>
<td>$20.00</td>
<td>$35.4K</td>
<td>36.4K</td>
<td style="text-align: right;">934</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$1.2</td>
<td>$1.16</td>
<td>$1.16</td>
<td>$17.50</td>
<td>$31.7K</td>
<td>390</td>
<td style="text-align: right;">279</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$1.18</td>
<td>$1.16</td>
<td>$1.18</td>
<td>$18.00</td>
<td>$29.5K</td>
<td>10.6K</td>
<td style="text-align: right;">577</td>
</tr>
</tbody>
</table>

<h3>About Robinhood Markets</h3>
Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
After a thorough review of the options trading surrounding Robinhood Markets, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Robinhood Markets's Current Market Status</h3>
<ul>
<li>With a volume of 4,247,856, the price of HOOD is up 3.65% at $17.75. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 12 days.</li>
</ul>
<h3>Professional Analyst Ratings for Robinhood Markets</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $19.6.
<ul>
<li>An analyst from Keybanc persists with their Overweight rating on Robinhood Markets, maintaining a target price of $23. </li>
<li>Reflecting concerns, an analyst from Citigroup lowers its rating to Sell with a new price target of $16.</li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Robinhood Markets, targeting a price of $18. </li>
<li>An analyst from Barclays persists with their Underweight rating on Robinhood Markets, maintaining a target price of $16. </li>
<li>An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $25. </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 Robinhood Markets with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

HOOD

Smart Money Is Betting Big In HOOD Options

Investors with a lot of money to spend have taken a bearish stance on PENN Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</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 PENN, 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 11 uncommon options trades for PENN Entertainment.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 63%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $129,200, and 8 are calls, for a total amount of $637,858.
<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 $10.0 to $37.5 for PENN Entertainment during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of PENN Entertainment stands at 1640.5, with a total volume reaching 4,577.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PENN Entertainment, situated within the strike price corridor from $10.0 to $37.5, throughout the last 30 days.
<h3>PENN Entertainment 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714152697_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.68</td>
<td>$2.57</td>
<td>$2.68</td>
<td>$20.00</td>
<td>$285.6K</td>
<td>4.5K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.64</td>
<td>$2.36</td>
<td>$2.5</td>
<td>$20.00</td>
<td>$125.0K</td>
<td>4.5K</td>
<td>8</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$0.45</td>
<td>$0.24</td>
<td>$0.39</td>
<td>$17.50</td>
<td>$63.3K</td>
<td>1.9K</td>
<td>0</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/31/24</td>
<td>$1.88</td>
<td>$1.87</td>
<td>$1.86</td>
<td>$16.00</td>
<td>$47.2K</td>
<td>246</td>
<td>376</td>
</tr>
<tr>
<td>PENN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.3</td>
<td>$9.15</td>
<td>$9.3</td>
<td>$10.00</td>
<td>$44.6K</td>
<td>103</td>
<td>72</td>
</tr>
</tbody>
</table>

<h3>About PENN Entertainment</h3>
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands (such as Hollywood Casino and Ameristar), with land-based casinos representing 89% of total sales in 2023 (11% was from the interactive segment, which includes sports, iGaming, and media revenue). The retail portfolio generates mid-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch Nov. 14, 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Having examined the options trading patterns of PENN Entertainment, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of PENN Entertainment</h3>
<ul>
<li>Trading volume stands at 2,502,884, with PENN's price down by -1.22%, positioned at $16.98.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 6 days.</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 PENN Entertainment, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.