Plover Bay Technologies Stock (OTC: PBTDF)

Latest news for Plover Bay Technologies (OTC:PBTDF) Stock

Plover Bay Technologies Ltd is an investment holding company. The Company and its subsidiaries are principally engaged in the research, design, development, and marketing of Software Defined WAN (SD-WAN) routers and the provision of software licenses and warranty and support services. The Company's products and services are used by enterprise users, such as multinational companies, as well as industry users. The SD-WAN routers segment mainly offers wired and wireless routers bundled together with embedded software and firmware. The Company mainly operates its business in Hong Kong, Taiwan, the United States of America, Malaysia, Canada, Mexico, the United Kingdom, Singapore, France, as well as Israel, among others.

PLOVER BAY TECHN LTD by PLOVER BAY TECHNOLOGIES LTD.

Plover Bay Technologies Ltd

News

LEXX

Lexaria Bioscience 13D/Amended Filing Shows Wayne W. Boos Reported A 3.795% Stake In The Co As Of August 31, 2024 Vs 5.79% As Of July 31, 2024

What&rsquo;s the right way to measure Cannabis company leverage?&nbsp;&nbsp;
The standard answer is Debt/EBITDA; however,&nbsp; Viridian believes the single best valuation measure is Total Liabilities / Market Cap, which reflects the market&rsquo;s estimation of the asset value above liabilities. It is immune to accounting manipulations and reacts instantly to news that changes investors&rsquo; views of company value.
<img alt="valley.png" src="https://www.benzinga.com/files/images/2024/September/23/valley.png" style="height:574px; width:624px" />
Some investors, however, are more comfortable with an accounting-based measure, and Viridian also makes use of these ratios in the Viridian Capital Credit Tracker model. We are in the process of incorporating a new measure into the model utilizing several core principles:
Leases make up a large portion of the capital of many cannabis companies and should be treated as debt. Lease liabilities make up 82% of combined debt and leases at Planet 13 (OTC: <a class="ticker" href="https://www.benzinga.com/stock/plnh#OTC">PLNH</a>), 63% at 4Front (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ffntf#OTC">FFNTF</a>), 47% at Green Thumb (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtii#OTC">GTII</a>) and Ascend (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aawh#OTC">AAWH</a>), and 46% at Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>). They represent long-term fixed obligations, often on &ldquo;mission critical&rdquo; facilities, and they frequently contain cross-default clauses to other obligations. Defaulting on a lease cannot technically trigger bankruptcy, but there are no bankruptcy protections afforded cannabis companies anyway.
Cannabis companies have recently been failing to pay their taxes and are basically borrowing money from the government, often at rates that are better than they could get in the market. Viridian considers accrued tax liabilities in excess of one-quarter of tax expense as debt, irrespective of whether the company classifies these liabilities as current or long-term.
Viridian calculates adjusted net debt by adding leases and excess taxes to total debt before subtracting cash.
But, since operating lease payments reduce EBITDA, it is not fair to include leases as debt without also adjusting EBITDA. Viridian adds lease expenses to EBITDA to calculate EBITDAR. Since analysts generally do not project forward lease expenses, we annualized the most recent quarterly rent in our estimates.
Shouldn&rsquo;t the standard EV/EBITDA valuation metric be similarly adjusted?
Yes, although Viridian calculates these standard ratios as part of our valuation work, we believe a more sophisticated metric is also warranted. We calculate Enterprise value by adding our adjusted net debt measure to market cap. We then use EBITDA as the denominator in the EV/EBTIDAR ratio.
The graph shows baseline values for the new leverage and valuation metrics. The inclusion of leases and taxes generally produces higher leverage and valuation metrics. This week&rsquo;s tracker will investigate some of the relative impacts on both leverage and valuation of these metrics, which we believe are more representative of financial reality.
The Viridian Capital Chart of the Week highlights key investment, valuation and M&amp;A trends taken from the Viridian Cannabis Deal Tracker.
The <a href="https://viridianca.us1.list-manage.com/track/click?u=078ead34a8bbcfd77b0486326&amp;id=c89a19f9ee&amp;e=2699f9b787">Viridian Cannabis Deal Tracker</a> provides the market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital allocation and M&amp;A strategy. The Deal Tracker is a proprietary information service that monitors capital raise and M&amp;A activity in the legal cannabis, CBD, and psychedelics industries. Each week the Tracker aggregates and analyzes all closed deals and segments each according to key metrics:
<ul>
<li>
Deals by Industry Sector (To track the flow of capital and M&amp;A Deals by one of 12 Sectors - from Cultivation to Brands to Software)
</li>
<li>
Deal Structure (Equity/Debt for Capital Raises, Cash/Stock/Earnout for M&amp;A) Status of the company announcing the transaction (Public vs. Private)
</li>
<li>
Principals to the Transaction (Issuer/Investor/Lender/Acquirer) Key deal terms (Pricing and Valuation)
</li>
<li>
Key Deal Terms (Deal Size, Valuation, Pricing, Warrants, Cost of Capital)
</li>
<li>
Deals by Location of Issuer/Buyer/Seller (To Track the Flow of Capital and M&amp;A Deals by State and Country)
</li>
<li>
Credit Ratings (Leverage and Liquidity Ratios)
</li>
</ul>
Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&amp;A transactions totaling over $50 billion in aggregate value.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Cannabis

Penny Stocks

Markets

General

AAWH

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

FFNTF

GTII

PLNH

Viridian Chart Of The Week: Improved Leverage And Valuation Metrics For Cannabis MSOs

Melius Research analyst Karen Short initiates coverage on Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) with a Hold rating and announces Price Target of $70.

Price Target

Initiation

Analyst Ratings

DLTR

Melius Research Initiates Coverage On Dollar Tree with Hold Rating, Announces Price Target of $70

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Health Care sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PFE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.50</td>
<td>$70.5K</td>
<td>38.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>BMY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$51.00</td>
<td>$32.5K</td>
<td>829</td>
<td>797</td>
</tr>
<tr>
<td>BNTX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$34.5K</td>
<td>1.3K</td>
<td>625</td>
</tr>
<tr>
<td>CI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$355.00</td>
<td>$71.7K</td>
<td>16</td>
<td>505</td>
</tr>
<tr>
<td>TGTX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$137.7K</td>
<td>2</td>
<td>383</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$175.00</td>
<td>$45.4K</td>
<td>513</td>
<td>382</td>
</tr>
<tr>
<td>BHVN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$45.00</td>
<td>$48.4K</td>
<td>74</td>
<td>365</td>
</tr>
<tr>
<td>VKTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$60.00</td>
<td>$189.7K</td>
<td>4.5K</td>
<td>172</td>
</tr>
<tr>
<td>GMED</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$70.00</td>
<td>$31.6K</td>
<td>7</td>
<td>122</td>
</tr>
<tr>
<td>MNKD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.50</td>
<td>$30.0K</td>
<td>121</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For PFE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), we notice a call option sweep that happens to be bullish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 1500 contract(s) at a $32.50 strike. This particular call needed to be split into 47 different trades to become filled. The total cost received by the writing party (or parties) was $70.5K, with a price of $47.0 per contract. There were 38163 open contracts at this strike prior to today, and today 2583 contract(s) were bought and sold. 
• Regarding BMY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on October 4, 2024. Parties traded 500 contract(s) at a $51.00 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 $32.5K, with a price of $65.0 per contract. There were 829 open contracts at this strike prior to today, and today 797 contract(s) were bought and sold. 
• Regarding BNTX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on October 18, 2024. Parties traded 150 contract(s) at a $120.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $34.5K, with a price of $230.0 per contract. There were 1345 open contracts at this strike prior to today, and today 625 contract(s) were bought and sold. 
• Regarding CI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 239 contract(s) at a $355.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $71.7K, with a price of $300.0 per contract. There were 16 open contracts at this strike prior to today, and today 505 contract(s) were bought and sold. 
• For TGTX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>), we notice a put option sweep that happens to be bearish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 82 contract(s) at a $40.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $137.7K, with a price of $1680.0 per contract. There were 2 open contracts at this strike prior to today, and today 383 contract(s) were bought and sold. 
• For JNJ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), we notice a call option sweep that happens to be bearish, expiring in 88 day(s) on December 20, 2024. This event was a transfer of 329 contract(s) at a $175.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $138.0 per contract. There were 513 open contracts at this strike prior to today, and today 382 contract(s) were bought and sold. 
• For BHVN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>), we notice a put option trade that happens to be bearish, expiring in 25 day(s) on October 18, 2024. This event was a transfer of 149 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $48.4K, with a price of $325.0 per contract. There were 74 open contracts at this strike prior to today, and today 365 contract(s) were bought and sold. 
• Regarding VKTX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>), we observe a call option trade with neutral sentiment. It expires in 53 day(s) on November 15, 2024. Parties traded 150 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $189.7K, with a price of $1265.0 per contract. There were 4588 open contracts at this strike prior to today, and today 172 contract(s) were bought and sold. 
• For GMED (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>), we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on December 20, 2024. This event was a transfer of 102 contract(s) at a $70.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $31.6K, with a price of $310.0 per contract. There were 7 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
• For MNKD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNKD#NASDAQ">MNKD</a>), we notice a call option sweep that happens to be bullish, expiring in 53 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $3.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 121 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BHVN

BNTX

GMED

MNKD

TGTX

VKTX

10 Health Care 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. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$27.4K</td>
<td>7.1K</td>
<td>3.9K</td>
</tr>
<tr>
<td>NWL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.00</td>
<td>$116.2K</td>
<td>54</td>
<td>3.0K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$250.00</td>
<td>$232.4K</td>
<td>9.3K</td>
<td>2.3K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$26.8K</td>
<td>5.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$175.00</td>
<td>$45.0K</td>
<td>302</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$106.3K</td>
<td>42.3K</td>
<td>998</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$32.50</td>
<td>$50.7K</td>
<td>1.2K</td>
<td>923</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.00</td>
<td>$34.2K</td>
<td>1.5K</td>
<td>778</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$95.00</td>
<td>$42.3K</td>
<td>5.4K</td>
<td>487</td>
</tr>
<tr>
<td>LVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$40.00</td>
<td>$80.0K</td>
<td>1.4K</td>
<td>445</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bullish sentiment. It expires in 116 day(s) on January 17, 2025. Parties traded 1716 contract(s) at a $150.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $16.0 per contract. There were 7102 open contracts at this strike prior to today, and today 3921 contract(s) were bought and sold. 
• For NWL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>), we notice a put option sweep that happens to be bullish, expiring in 53 day(s) on November 15, 2024. This event was a transfer of 2898 contract(s) at a $7.00 strike. This particular put needed to be split into 71 different trades to become filled. The total cost received by the writing party (or parties) was $116.2K, with a price of $40.0 per contract. There were 54 open contracts at this strike prior to today, and today 3020 contract(s) were bought and sold. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 53 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $250.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $232.4K, with a price of $2322.0 per contract. There were 9353 open contracts at this strike prior to today, and today 2394 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option sweep that happens to be bullish, expiring in 270 day(s) on June 20, 2025. This event was a transfer of 61 contract(s) at a $100.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $440.0 per contract. There were 5778 open contracts at this strike prior to today, and today 1293 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $175.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $450.0 per contract. There were 302 open contracts at this strike prior to today, and today 1036 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 116 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $106.3K, with a price of $1063.0 per contract. There were 42381 open contracts at this strike prior to today, and today 998 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a call option sweep with bullish sentiment. It expires in 53 day(s) on November 15, 2024. Parties traded 922 contract(s) at a $32.50 strike. This particular call needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $50.7K, with a price of $55.0 per contract. There were 1296 open contracts at this strike prior to today, and today 923 contract(s) were bought and sold. 
• For F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we notice a put option sweep that happens to be bearish, expiring in 179 day(s) on March 21, 2025. This event was a transfer of 311 contract(s) at a $11.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $110.0 per contract. There were 1552 open contracts at this strike prior to today, and today 778 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a put option sweep that happens to be bullish, expiring in 53 day(s) on November 15, 2024. This event was a transfer of 94 contract(s) at a $95.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $450.0 per contract. There were 5434 open contracts at this strike prior to today, and today 487 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a call option sweep that happens to be bearish, expiring in 53 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $40.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $80.0K, with a price of $400.0 per contract. There were 1491 open contracts at this strike prior to today, and today 445 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BABA

CVNA

SBUX

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
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>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$117.00</td>
<td>$34.6K</td>
<td>18.6K</td>
<td>67.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$465.00</td>
<td>$58.4K</td>
<td>343</td>
<td>4.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.50</td>
<td>$28.2K</td>
<td>5.8K</td>
<td>3.4K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$177.0K</td>
<td>6.0K</td>
<td>3.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$145.00</td>
<td>$30.0K</td>
<td>1.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$170.00</td>
<td>$30.0K</td>
<td>200</td>
<td>1.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$27.6K</td>
<td>10.1K</td>
<td>853</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$25.0K</td>
<td>3.1K</td>
<td>783</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$155.00</td>
<td>$74.3K</td>
<td>6.9K</td>
<td>694</td>
</tr>
<tr>
<td>HPE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$40.7K</td>
<td>6.5K</td>
<td>582</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 200 contract(s) at a $117.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 18651 open contracts at this strike prior to today, and today 67802 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 40 contract(s) at a $465.00 strike. The total cost received by the writing party (or parties) was $58.4K, with a price of $1460.0 per contract. There were 343 open contracts at this strike prior to today, and today 4461 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 sweep with bearish sentiment. It expires in 116 day(s) on January 17, 2025. Parties traded 100 contract(s) at a $17.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $282.0 per contract. There were 5804 open contracts at this strike prior to today, and today 3450 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 put option trade that happens to be bullish, expiring in 25 day(s) on October 18, 2024. This event was a transfer of 3000 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $177.0K, with a price of $59.0 per contract. There were 6088 open contracts at this strike prior to today, and today 3343 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 1154 open contracts at this strike prior to today, and today 1942 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bearish sentiment. It expires in 151 day(s) on February 21, 2025. Parties traded 195 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $154.0 per contract. There were 200 open contracts at this strike prior to today, and today 1199 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bullish, expiring in 88 day(s) on December 20, 2024. This event was a transfer of 93 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $297.0 per contract. There were 10187 open contracts at this strike prior to today, and today 853 contract(s) were bought and sold. 
• Regarding DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we observe a call option trade with bullish sentiment. It expires in 25 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $125.0 per contract. There were 3193 open contracts at this strike prior to today, and today 783 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 bullish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 52 contract(s) at a $155.00 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 $74.3K, with a price of $1430.0 per contract. There were 6928 open contracts at this strike prior to today, and today 694 contract(s) were bought and sold. 
• For HPE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), we notice a put option sweep that happens to be bearish, expiring in 116 day(s) on January 17, 2025. This event was a transfer of 194 contract(s) at a $20.00 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $40.7K, with a price of $210.0 per contract. There were 6500 open contracts at this strike prior to today, and today 582 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.

DOCN

MARA

MSTR

NVDA

PLTR

SMCI

SNOW

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

HC Wainwright &amp; Co. analyst Mike Colonnese reiterates Bitfarms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) with a Buy and maintains $4 price target.

Reiteration

BITF

HC Wainwright & Co. Reiterates Buy on Bitfarms, Maintains $4 Price Target

Melius Research analyst Karen Short initiates coverage on Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Buy rating and announces Price Target of $180.

Melius Research Initiates Coverage On Target with Buy Rating, Announces Price Target of $180

Bright Green Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGXX#NASDAQ">BGXX</a>) <a href="https://www.globenewswire.com/en/news-release/2024/09/19/2949354/0/en/Bright-Green-Corporation-Provides-an-Update-Reinforces-Commitment-to-Shareholders-and-Focuses-on-Growth-and-Strategic-Partnerships.html">announced</a> on Monday that trading of its shares has been suspended from the Nasdaq Stock Exchange, following the cancellation of a scheduled September 26 delisting appeal hearing. No more details were provided at the time of the writing of this article. 
The company confirmed it will move forward with its annual shareholder meeting, scheduled for November 15, 2024. Key agenda items include a proposal for a reverse stock split aimed at increasing shareholder value and positioning Bright Green for a stronger future.
In parallel, the company is actively exploring strategic alternatives, including potential partnerships and acquisitions. These moves reflect a clear focus on fortifying its financial position and expanding its market presence.
<h3 class="wp-block-heading">Commitment To Shareholders And Strategic Focus</h3>
Lynn Stockwell, Chairwoman of the Board, expressed the company's unwavering dedication: "We have provided a line of credit to ensure the Company has the necessary financial resources to support its ongoing operations and strategic initiatives and have agreed to provide $2.5 million in funding." This financial support, she noted, gives the company flexibility to navigate challenges while pursuing growth opportunities.
CEO Groovy Singh also reiterated the company&#8217;s commitment, stating, &#8220;We remain confident in our vision and strategy for the future of Bright Green, including the success of our EB-5 capital raise program.&#8221; Singh acknowledged the obstacles faced by the program due to U.S. government-related delays but reaffirmed the company's focus on licensing approvals and its broader mission of enhancing national security interests through the production of <a href="https://www.benzinga.com/topic/federal-schedule-i">Schedule I</a> and II plant-based medicines.
<h3 class="wp-block-heading">Looking Ahead: Partnerships And Growth</h3>
As part of its plan, Bright Green is considering various options for sustainable financing, including forming strategic partnerships and exploring acquisitions. The company&#8217;s management team remains focused on achieving its long-term vision while continuing to build its operational and financial foundation. Updates on these initiatives are expected in the coming months, and shareholders will have an opportunity to engage in critical discussions at the November meeting.
Cover image made with AI

Psychedelics

Press Releases

BGXX

Nasdaq-Traded Cannabis Producer Bright Green Corporation Faces Delisting, Focuses On Strategic Growth

Cantor Fitzgerald analyst Ross Osborn reiterates Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) with a Overweight and maintains $14 price target.

NNOX

Cantor Fitzgerald Reiterates Overweight on Nano X Imaging, Maintains $14 Price Target

<a href="https://www.trade.gov/final-determinations-ad-and-cvd-investigations-aluminum-lithographic-printing-plates-china-and" title="https://www.trade.gov/final-determinations-ad-and-cvd-investigations-aluminum-lithographic-printing-plates-china-and">https://www.trade.gov/final-determinations-ad-and-cvd-investigations-aluminum-lithographic-printing-plates-china-and</a>

Legal

Global

KODK

'Final Determinations In The Antidumping Duty And Countervailing Duty Investigations Of Aluminum Lithographic Printing Plates From The People's Republic Of China And Japan' - Trade Administration; The Petitioner Is Eastman Kodak Company, Shares See A Pop In Volume To The Upside

Melius Research analyst Karen Short initiates coverage on Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) with a Hold rating and announces Price Target of $19.

Melius Research Initiates Coverage On Albertsons Companies with Hold Rating, Announces Price Target of $19

Investors with a lot of money to spend have taken a bearish stance on United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</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 URI, 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 12 uncommon options trades for United Rentals.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 50%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $353,700, and 8 are calls, for a total amount of $399,909.
<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 $690.0 to $900.0 for United Rentals during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for United Rentals options trades today is 21.86 with a total volume of 342.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Rentals's big money trades within a strike price range of $690.0 to $900.0 over the last 30 days.
<h3>United Rentals Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727112652_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>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$15.8</td>
<td>$13.3</td>
<td>$15.8</td>
<td>$770.00</td>
<td>$188.0K</td>
<td style="text-align: right;">17</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$85.4</td>
<td>$84.5</td>
<td>$84.5</td>
<td>$840.00</td>
<td>$67.6K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">8</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$41.1</td>
<td>$39.8</td>
<td>$41.1</td>
<td>$820.00</td>
<td>$65.4K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">73</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$60.9</td>
<td>$59.0</td>
<td>$60.95</td>
<td>$900.00</td>
<td>$60.9K</td>
<td style="text-align: right;">74</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$63.0</td>
<td>$59.5</td>
<td>$60.74</td>
<td>$900.00</td>
<td>$60.7K</td>
<td style="text-align: right;">74</td>
<td style="text-align: right;">51</td>
</tr>
</tbody>
</table>

<h3>About United Rentals</h3>
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
After a thorough review of the options trading surrounding United Rentals, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of United Rentals</h3>
<ul>
<li>With a volume of 96,527, the price of URI is up 1.41% at $794.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 30 days.</li>
</ul>
<h3>What The Experts Say On United Rentals</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $940.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on United Rentals with a target price of $940. 
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 United Rentals, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at United Rentals's Options Market Dynamics

High-rolling investors have positioned themselves bearish on Cassava Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SAVA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Cassava Sciences. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $98,750, and 7 calls, totaling $275,738.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $60.0 for Cassava Sciences over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cassava Sciences's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cassava Sciences's significant trades, within a strike price range of $10.0 to $60.0, over the past month.
<h3>Cassava Sciences Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727112647_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>SAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.0</td>
<td>$3.95</td>
<td>$3.95</td>
<td>$10.00</td>
<td>$98.7K</td>
<td>12.7K</td>
<td style="text-align: right;">295</td>
</tr>
<tr>
<td>SAVA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.0</td>
<td>$10.7</td>
<td>$11.0</td>
<td>$60.00</td>
<td>$55.0K</td>
<td>755</td>
<td style="text-align: right;">84</td>
</tr>
<tr>
<td>SAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.75</td>
<td>$9.7</td>
<td>$10.1</td>
<td>$40.00</td>
<td>$50.5K</td>
<td>390</td>
<td style="text-align: right;">53</td>
</tr>
<tr>
<td>SAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.6</td>
<td>$10.6</td>
<td>$10.8</td>
<td>$35.00</td>
<td>$49.6K</td>
<td>4.3K</td>
<td style="text-align: right;">76</td>
</tr>
<tr>
<td>SAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.9</td>
<td>$6.9</td>
<td>$6.94</td>
<td>$60.00</td>
<td>$34.7K</td>
<td>1.4K</td>
<td style="text-align: right;">62</td>
</tr>
</tbody>
</table>

<h3>About Cassava Sciences</h3>
Cassava Sciences Inc is a clinical-stage biotechnology company engaged in developing a scientific approach for the treatment and detection of Alzheimer's disease. Its therapeutic product candidate is called simufilam, and it is a novel treatment for Alzheimer's disease; and investigational diagnostic product candidate is called SavaDx, and it is a novel way to detect the presence of Alzheimer's disease from a small sample of blood, possibly years before the overt appearance of clinical symptoms. It is currently conducting two randomized placebo-controlled Phase 3 clinical trials of oral simufilam in patients with Alzheimer's disease dementia.
Following our analysis of the options activities associated with Cassava Sciences, we pivot to a closer look at the company's own performance.
<h3>Current Position of Cassava Sciences</h3>
<ul>
<li>Currently trading with a volume of 1,372,927, the SAVA's price is down by -10.7%, now at $26.59. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 43 days.</li>
</ul>
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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 Cassava Sciences options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

SAVA

Cassava Sciences Unusual Options Activity For September 23

High-rolling investors have positioned themselves bullish on On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ONON often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 29 options trades for On Holding. This is not a typical pattern.
The sentiment among these major traders is split, with 51% bullish and 34% bearish. Among all the options we identified, there was one put, amounting to $126,351, and 28 calls, totaling $1,330,891.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $60.0 for On Holding over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</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 On Holding's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to On Holding's substantial trades, within a strike price spectrum from $25.0 to $60.0 over the preceding 30 days.
<h3>On Holding 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727112640_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ONON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$13.05</td>
<td>$12.85</td>
<td>$13.05</td>
<td>$55.00</td>
<td>$140.9K</td>
<td style="text-align: right;">776</td>
<td style="text-align: right;">784</td>
</tr>
<tr>
<td>ONON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.1</td>
<td>$2.95</td>
<td>$2.97</td>
<td>$52.50</td>
<td>$126.3K</td>
<td style="text-align: right;">605</td>
<td style="text-align: right;">426</td>
</tr>
<tr>
<td>ONON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$15.25</td>
<td>$12.85</td>
<td>$13.05</td>
<td>$55.00</td>
<td>$99.4K</td>
<td style="text-align: right;">776</td>
<td style="text-align: right;">674</td>
</tr>
<tr>
<td>ONON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.3</td>
<td>$2.28</td>
<td>$2.28</td>
<td>$55.00</td>
<td>$68.3K</td>
<td style="text-align: right;">718</td>
<td style="text-align: right;">422</td>
</tr>
<tr>
<td>ONON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$15.35</td>
<td>$12.85</td>
<td>$12.85</td>
<td>$55.00</td>
<td>$68.0K</td>
<td style="text-align: right;">776</td>
<td style="text-align: right;">497</td>
</tr>
</tbody>
</table>

<h3>About On Holding</h3>
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoes, apparel, and accessories products are designed predominantly for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and relies instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from the Americas and rest from Europe, Middle East and Africa, and Asia-Pacific region.
After a thorough review of the options trading surrounding On Holding, 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 On Holding</h3>
<ul>
<li>With a trading volume of 2,098,886, the price of ONON is up by 1.98%, reaching $50.94.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 50 days from now.</li>
</ul>
<h3>What The Experts Say On On Holding</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $55.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on On Holding with a target price of $59. 
&#x2A; An analyst from HSBC has revised its rating downward to Hold, adjusting the price target to $52. 
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 On Holding, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

ONON

On Holding Options Trading: A Deep Dive into Market Sentiment

WIIM

MKFG

Markforged Holding shares are trading higher after the company announced that it has entered into a Settlement and Patent License Agreement in connection with the patent infringement litigation brought by Continuous Composites.

Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) has outperformed the market over the past 5 years by 9.08% on an annualized basis producing an average annual return of 23.07%. Currently, Cencora has a market capitalization of $44.71 billion. 
Buying $1000 In COR: If an investor had bought $1000 of COR stock 5 years ago, it would be worth $2,786.77 today based on a price of $228.11 for COR at the time of writing.
<h3>Cencora's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727112615_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.

Trading Ideas

Here's How Much $1000 Invested In Cencora 5 Years Ago Would Be Worth Today

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has outperformed the market over the past 5 years by 5.52% on an annualized basis producing an average annual return of 19.51%. Currently, Intuit has a market capitalization of $179.40 billion. 
Buying $100 In INTU: If an investor had bought $100 of INTU stock 5 years ago, it would be worth $237.93 today based on a price of $641.74 for INTU at the time of writing.
<h3>Intuit's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727112610_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.

INTU

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Warner Bros. Discovery (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) is one of the world&#39;s biggest names when it comes to entertainment. Although it has overall been a bad year for the company&#39;s stock price, positive news has allowed shares to recover.
On September 12th, the company announced a multi-year deal with one of the largest U.S. cable TV companies, Charter Communications (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>), also known as Spectrum. Since the announcement, shares have been up 21%. Let&#39;s dive deeper into what the announcement means for Warner Bros.&#39;s long-term future&nbsp;and whether it can further reignite its shares.
<h2>Breaking Down Warner and Charter&#39;s Big Deal</h2>
The first notable point to make about the deal was that it was reached &quot;nearly one year early.&quot; This shows the two firms understand the need to move quickly in this space. Nielsen data shows that, in June, streaming hit a record market share in TV viewing.
Of the total time spent watching TV, 40.3% was through streaming services, an increase from 37.7% in Jun. 2023. Streaming increased its share mostly by taking from cable providers, whose share went from 30.6% to 27.2%.
Clearly, cable still has a place in the TV market, but it is slowly dying. One good thing about the deal between Warner and Charter is that it focuses on both cable and streaming. This allows the firms to look toward the future with streaming while also maintaining a solid base of customers who still prefer cable.
The deal gives Spectrum customers the ad-supported versions of Warner&#39;s HBO Max and Discovery+ streaming services at no extra charge. It also maintains the availability of Warner&#39;s cable channels like TNT, CNN, and the Food Network. Warner will be receiving higher fees going forward for all its cable channels except for TNT. Management actually saw the lack of a fee cut for TNT as a win since the network lost its rights to broadcast NBA games.
This is key as its &quot;networks&quot; segment is its largest revenue stream and most profitable segment. The network segment&#39;s 43% earnings before interest, taxes, depreciation, and amortization (EBITDA) margin over the last twelve months is strong. It far exceeds the streaming segment&#39;s figure by less than one percent.
Charter is planning to fully launch its direct-to-consumer (DTC) distribution to its cable customers in 2025. This could allow Warner to increase its subscribers by tapping into Charter&#39;s cable customers. HBO Max will be a &quot;preferred partner&quot; for Charter, presumably putting the app in the spotlight when it comes to marketing its DTC platform.
<h2>Taking the Good With the Bad</h2>
There are reasons to be excited, and reasons to not be so excited, about the deal. Charter reached a similar deal with Walt Disney Co.&nbsp;to carry the firm&#39;s ad-supported Disney+ service at no extra cost in January. Yet, reportedly only 10% of Charter&#39;s Select TV customers have signed up for the offer after it has been available for over six months.
This shows either a significant lack of interest from Charter&#39;s customer base and/or its lack of marketing of the product. However, it is apparently fixing issues that may have contributed to the lack of uptake. As Charter irons out problems with the service, Warner should benefit from Disney&#39;s use as a guinea pig.
Still, Charter is losing cable subscribers, making the deal less beneficial to Warner the more those losses continue. It lost 408,000 cable subscribers in Q2, a loss that more than doubled from the same period last year. For Warner and Charter&#39;s sake, hopefully the further inclusion of streaming services in cable packages can help stem these losses.
<h2>A Likely Step in the Right Direction, But Not Proven Yet</h2>
Overall, it feels too early to say that this deal will fully reignite Warner Bros.&#39;s shares. The increased fees for TV networks should help bolster profitability in that area, creating some stability. However, Warner&#39;s streaming services must boost their profits. Their EBITDA fluctuates between slightly positive and slightly negative each quarter.
The deal should help with that immediately, as the company can leverage Charter&#39;s reach and marketing efforts. Disney saw its streaming service have its first profitable quarter in the same quarter its agreement with Charter began.
However, these streaming businesses will need to demonstrate stronger uptake to prove these deals are driving significant growth.
The article &quot;<a href="https://www.nasdaq.com/articles/warner-bross-new-deal-spark-it-needs-reignite-shares">Is Warner Bros.&#39;s New Deal the Spark It Needs to Reignite Shares?</a>&quot; first appeared on MarketBeat.

Earnings

Entertainment

Large Cap

Management

CHTR

Is Warner Bros.'s New Deal the Spark It Needs to Reignite Shares?

Oppenheimer analyst Leland Gershell reiterates Capricor Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) with a Outperform and maintains $15 price target.

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