Short interest for FT Vest Nasdaq-100 Buffer ETF - June gives investors a sense of the degree to which investors are betting on the decline of FT Vest Nasdaq-100 Buffer ETF - June's stock. Short interest data is updated every two weeks.

FT Vest Nasdaq-100 Buffer ETF - June (BATS:QJUN), Short Interest Report

FT Vest Nasdaq-100 Buffer ETF - June

Deep-pocketed investors have adopted a bearish approach towards Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LEN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Lennar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $167,066, and 6 are calls, amounting to $313,190.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $190.0 for Lennar, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lennar's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lennar's whale activity within a strike price range from $135.0 to $190.0 in the last 30 days. 
<h3>Lennar Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714585553_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>LEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.0</td>
<td>$5.8</td>
<td>$5.8</td>
<td>$190.00</td>
<td>$92.8K</td>
<td style="text-align: right;">377</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.6</td>
<td>$12.3</td>
<td>$12.5</td>
<td>$160.00</td>
<td>$62.5K</td>
<td style="text-align: right;">116</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.5</td>
<td>$8.2</td>
<td>$8.2</td>
<td>$180.00</td>
<td>$62.3K</td>
<td style="text-align: right;">326</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$13.4</td>
<td>$12.9</td>
<td>$13.12</td>
<td>$160.00</td>
<td>$49.8K</td>
<td style="text-align: right;">490</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$13.4</td>
<td>$13.1</td>
<td>$13.22</td>
<td>$160.00</td>
<td>$48.9K</td>
<td style="text-align: right;">490</td>
<td style="text-align: right;">75</td>
</tr>
</tbody>
</table>

<h3>About Lennar</h3>
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
Following our analysis of the options activities associated with Lennar, we pivot to a closer look at the company's own performance.
<h3>Where Is Lennar Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 547,525, with LEN's price down by -0.02%, positioned at $151.59.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lennar</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $171.0.
<ul>
<li>Reflecting concerns, an analyst from Wedbush lowers its rating to Underperform with a new price target of $144.</li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Lennar, which currently sits at a price target of $198. </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 Lennar options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Behind the Scenes of Lennar's Latest Options Trends

Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) revealed 12 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $626,415, and 5 were calls, valued at $240,425.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $160.0 for Baidu during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Baidu's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Baidu's substantial trades, within a strike price spectrum from $95.0 to $160.0 over the preceding 30 days.
<h3>Baidu Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714585548_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>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$8.75</td>
<td>$8.55</td>
<td>$8.63</td>
<td>$105.00</td>
<td>$431.5K</td>
<td style="text-align: right;">515</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.3</td>
<td>$13.95</td>
<td>$14.3</td>
<td>$110.00</td>
<td>$65.7K</td>
<td style="text-align: right;">940</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.4</td>
<td>$14.3</td>
<td>$14.3</td>
<td>$110.00</td>
<td>$47.1K</td>
<td style="text-align: right;">940</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$4.75</td>
<td>$4.65</td>
<td>$4.7</td>
<td>$120.00</td>
<td>$46.0K</td>
<td style="text-align: right;">485</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$56.5</td>
<td>$55.95</td>
<td>$56.5</td>
<td>$160.00</td>
<td>$45.2K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">15</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
<h3>Present Market Standing of Baidu</h3>
<ul>
<li>Currently trading with a volume of 1,241,294, the BIDU's price is up by 0.96%, now at $104.39. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 15 days.</li>
</ul>
<h3>Professional Analyst Ratings for Baidu</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $160.5.
<ul>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Baidu with a target price of $176. </li>
<li>An analyst from HSBC persists with their Buy rating on Baidu, maintaining a target price of $145. </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 Baidu with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

BIDU

What the Options Market Tells Us About Baidu

Oil major&nbsp;Shell PLC&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) has reportedly decided to exit China&#8217;s power markets, aligning with CEO Wael Sawan&#8217;s focus on bolstering profitability in its natural gas and oil sectors.
Shell has withdrawn from China&#8217;s power value chain, encompassing generation, trading, and marketing, effective since the close of 2023, according to a report from Reuters.&nbsp;
This move reflects a commitment&nbsp;to selectively invest in profitable ventures within the power sector.
The decision to exit China&#8217;s power market comes amid a broader effort to streamline operations and save up to $3 billion annually.&nbsp;
The changes do not apply to Shell&#8217;s electric vehicle charging business, the report noted, citing a spokesperson.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38484839/legal-battle-unmasks-shells-under-the-radar-oil-trading-earnings-report" rel="noreferrer noopener">Legal Battle Unmasks Shell&#8217;s Under-The-Radar Oil Trading Earnings: Report</a>
Recently, the company set a new ambition to reduce customer emissions from&nbsp;the use of&nbsp;its oil products by 15%-20% by 2030 compared with&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38299595/shell-defends-climate-goals-rejects-shareholder-resolution-as-damaging" rel="noreferrer noopener">2021 and against its previous target of 20%</a>.
Interestingly, Shell had urged shareholders in an AGM notice to vote against an independent resolution, co-filed by a group of 27 investors, that demanded the company set tighter climate targets.
In April, Shell reportedly inked a deal with the Nigerian government to supply gas to the proposed&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38319262/shell-nigeria-ink-gas-deal-to-fuel-3-8b-methanol-project-report" rel="noreferrer noopener">$3.8 billion Brass menthol facility.</a>
Shell stock has gained more than 15% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Direxion Hydrogen ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HJEN#NYSE">HJEN</a>) and&nbsp;VanEck Natural Resources ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAP#NYSE">HAP</a>).
Price Action: SHEL shares are trading lower by 1.20% at $70.80&nbsp;at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38513380/nigeria-reportedly-audits-shells-1-3b-onshore-oilfield-sale" target="_blank" rel="noreferrer noopener">Nigeria Reportedly Audits Shell&#8217;s $1.3B Onshore Oilfield Sale</a>
Photo via Wikimedia Commons

Equities

News

Media

General

Market Vectors RVE Hard Assets Producers ETF

HJEN

SHEL

Shell Exits Chinese Power Market, Eyes Gas Growth: Report

Talarya Brands, a pioneering leader in the cannabis industry, today highlighted record-breaking financial and operational performance following the recent Drug Enforcement Administration (DEA) decision to reclassify marijuana from a Schedule 1 to a Schedule 3 substance. This pivotal shift in the regulatory landscape opens up substantial growth opportunities for the company.
Talarya Brands reported a record 26% increase in revenue year over year in Q1, with gross margins expanding by 770 basis points quarter over quarter. The company achieved a new sales record with $5.65 million in Q1 and generated $297,000 in positive cash flow from operations in March alone. And in a rarity for a California operator, Talarya has been consistently EBITDA positive, underscoring its strong financial discipline and operational efficiency.
The company's financial tailwinds, combined with its focus on distressed asset consolidation, make it well positioned to take advantage of the DEA's decision. The company expects the change in regulation to lead to a thawing of cannabis capital markets, make banking easier for the industry, and most notably, liberate the sector from the onerous IRS rule 280-E, which has unfairly required cannabis companies to pay a larger proportion of federal income tax than other businesses. The public markets responded overwhelmingly positively on the heels of the DEA news, with almost all cannabis equities trading sharply higher.
"Talarya Brands is uniquely poised to capitalize on the DEA's rescheduling of marijuana, which we view as a historic step forward for the industry," said Dustin Milner, CEO of Talarya Brands. "Our robust Q1 results reflect our strategic agility and our team's relentless focus on capitalizing on emerging opportunities while maintaining rigorous cost control. With the DEA's decision, we expect margins to grow, financing to become cheaper and ubiquitous, and investments in qualified operators to see healthier returns with lower risk."
Talarya operates with minimal financial encumbrance, free from any senior secured debt financing and with less than $1 million in secured equipment financing. The company's vape product line, including the 6th best-selling live resin cartridge in California, saw a 48% increase in sales year over year. This achievement is part of Talarya's broader success in the cannabis market, where it stands out as one of the few companies to be profitable on a pre-tax basis.

Cannabis

DEA's Rescheduling of Cannabis will Boost Talarya Brands, which, Reports Record Q1 Growth

Medical Marijuana 411 (MM411), a provider of digital cannabis education, has partnered with CReDO Science, helmed by the renowned Dr. Ethan Russo, <a href="https://www.benzinga.com/cannabis">Benzinga Cannabis</a> has learned exclusively. The initiative aims to deliver evidence-based cannabis and endocannabinoid system (ECS) education to a global audience. Dr. Russo, a respected neurologist and cannabis researcher, brings decades of clinical and research experience to this collaboration.
The initial course offering, available in English, Spanish&nbsp;and Japanese, includes eight webinar modules totaling 11 hours of content. &quot;We are thrilled to join forces with CReDO Science to offer this unparalleled digital cannabis education platform,&quot; said MM411 president Christine DeVol. &quot;By combining our expertise in digital education with Dr. Russo&#39;s extensive research and clinical expertise, we are poised to greatly improve the quality of cannabis education available to all.&quot;
Russo highlighted the importance of accurate information amid the misinformation surrounding cannabis: &quot;Cannabis has immense therapeutic potential, but misinformation and stigma often cloud its true benefits and medical use. Through this collaboration with MM411, we hope to empower healthcare professionals, patients, and advocates around the globe with accurate, science-backed knowledge.&quot;
<ul>
<li>Pro tip: Learn more about the future of cannabis research and education at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers. Get your tickets now by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>, and access a 20% discount using the code JAVI20.</li>
</ul>
Russo&#39;s courses distill his extensive clinical experience and peer-reviewed research into digestible modules. Detailed citations provide students with further reading, ensuring learners gain comprehensive and up-to-date information about cannabis&#39; medical applications. The course&#39;s goal is to demystify the complex mechanisms through which cannabis components interact with the body, allowing a wide audience, including&nbsp;medical professionals, patients, caregivers, advocates and industry workers&nbsp;to understand the science behind cannabis and the ECS.
This collaboration arrives at a critical time as cannabis use expands worldwide. According to the United Nations World Drug Report 2023, 219 million people globally use cannabis. In the U.S. alone, the 2022 National Survey on Drug Use and Health found that 59 million adults consumed cannabis in the prior year. However, cannabis education remains lacking. A study by Evanoff et al. revealed that 89.5% of American medical school graduates felt unprepared to prescribe medical marijuana, with only 9% of medical school curricula covering the topic.
Check out the courses to learn more about this interesting initiative by following <a href="https://medicalmarijuana411.com/product/foundation-cannabis-therapeutics-dr-russo/">this link</a>.
Cover image generated by AI

Health Care

Exclusives

EXCLUSIVE: Renowned Cannabis Expert Dr. Ethan Russo, MM411 Launch Digital, Multi-Lingual Education Initiative

UBS analyst Joshua Chan maintains Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) with a Buy and lowers the price target from $550 to $510.

Price Target

Analyst Ratings

UBS Maintains Buy on Gartner, Lowers Price Target to $510

Walgreens Boots Alliance Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is facing tumultuous times as it grapples with a challenging turnaround, leading to a drastic decline in its stock value, marking its worst performance in over five years.&nbsp;
The company&#8217;s shares plummeted by 18% in April, nearing a 26-year low, following a downward revision of its outlook.&nbsp;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01113852/newplot-2.png" alt="" class="wp-image-317780" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01113852/newplot-2.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01113852/newplot-2-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
This revision was accompanied by concerns over decreased consumer spending and the revelation of a substantial unpaid tax liability amounting to&nbsp;$2.7 billion, adding to the woes of the beleaguered drugstore chain.
In March, Walgreens Boots Alliance reported second-quarter fiscal year 2024 earnings and narrowed the&nbsp;fiscal year&nbsp;2024 adjusted EPS guidance to $3.20-$3.35 versus&nbsp;prior guidance of $3.20-$3.50&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/03/37981845/walgreens-boots-alliance-cuts-higher-end-of-2024-profit-outlook-takes-5-8b-impairment-charge-relate" rel="noreferrer noopener">and consensus of $3.24</a>.
Over the past eight years, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-04-30/walgreens-wba-stock-lashed-as-investors-left-with-nothing-to-go-on?srnd=markets-vp">highlighted</a> that&nbsp;Walgreens&nbsp;has witnessed consistent losses in its stock value, primarily due to its struggle with high debt stemming from an aggressive acquisition spree.&nbsp;
Despite this downturn, the company remains optimistic about its prospects, embarking on a strategic review of its operations to regain investor confidence&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/03/37967312/walgreens-challenges-nearly-1b-arbitration-award-over-alleged-breach-of-covid-19-test-business-con" rel="noreferrer noopener">and reignite growth</a>.
Key&nbsp;management changes, including the departure of former CEO Roz Brewer, have further unsettled investors, with the stock shedding nearly half of its value during her tenure.&nbsp;
The company is now exploring potential separations, including discussions to split from its&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36212055/revived-talks-on-uk-boots-separation-walgreens-reportedly-mulls-exit-strategy-amidst-ipo-conside" rel="noreferrer noopener">UK pharmacy chain</a>, Boots, and assessing options for its specialty pharmacy business,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/01/36761240/walgreens-explores-options-for-shields-health-in-potential-4b-deal-as-part-of-turnaround-strategy" rel="noreferrer noopener">Shields Health Solutions</a>.
However, Wall Street&#8217;s sentiment toward Walgreens remains cautious, with analysts adopting a wait-and-see approach, the Bloomberg report added.
While some anticipate positive outcomes from the strategic review, others express concerns about potential asset monetization, fearing the loss of crucial components of the business or selling assets at a discount.
Amidst these challenges, the broader landscape of the pharmaceutical market also faces turbulence, with&nbsp;Walmart Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) announcing the closure of its primary-care clinics, reflecting the difficulties companies face&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/04/38529328/walmart-to-shut-down-all-clinic-locations-amid-rising-costs-what-it-means-for-your-healthcare" rel="noreferrer noopener">expanding into the sector</a>.
Despite the prevailing skepticism, citing some analysts, Bloomberg highlights potential avenues for Walgreens to improve its fortunes.&nbsp;
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/03/37430360/womens-history-month-pharmacy-chains-cvs-health-walgreens-to-start-dispensing-abortion-pill-mifepr" rel="noreferrer noopener">Women&#8217;s History Month: Pharmacy Chains CVS Health, Walgreens To Start Dispensing Abortion Pill Mifepristone In Select States</a>.
Price Action: WBA shares are down 1.97% at $17.38 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Movers

Investor Optimism Dampens as Walgreens Boots Alliance Struggles With Market Turbulence

UBS analyst Colin Langan maintains Lear (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>) with a Neutral and lowers the price target from $146 to $142.

UBS Maintains Neutral on Lear, Lowers Price Target to $142

TD Cowen analyst Jason Seidl maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $177 to $148.

ARCB

TD Cowen Maintains Buy on ArcBest, Lowers Price Target to $148

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) shares tanked in early trading on Wednesday, after the company reported a <a href="https://www.benzinga.com/news/earnings/24/05/38537869/starbucks-q2-earnings-and-revenues-miss-estimates">revenue and earnings miss</a>.
The results came amid an <a href="https://www.benzinga.com/calendars/earnings">exciting earnings season</a>. Here are some key analyst takeaways from the release.
<h1 class="wp-block-heading">Stifel On Starbucks</h1>
Analyst Chris O&#8217;Cull maintained a Hold rating while reducing the price target from $90 to $80.
Starbucks offered a "bitter bean to swallow," with its disappointing results for the fiscal second quarter due to "significant transaction weakness in the U.S.," which was "compounded by persistent softness in China," O&#8217;Cull said in a note.
"April&#8217;s trends have remained soft, as the company has grappled with a more selective consumer and struggled to effectively engage occasional customers, leading the company to meaningful reduce FY24 guidance," the analyst wrote. 
Management provided details of actions planned to curb the sales decline, including accelerated product innovations, new marketing tactics and "operational enhancements to improve peak throughput," he added.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Wedbush On Starbucks</h1>
Analyst Nick Setyan reaffirmed a Neutral rating while cutting the price target from $92 to $81.
Starbucks reported a decline in same-store sales in both U.S. and international, with an 11% downturn in China, Setyan said. The company revised its same-store sales guidance for fiscal 2024, suggesting "continued headwinds," he added.
"FY24 global and U.S. SSS growth are now expected to be in the negative LSD to flat range (prev. 4-6%) versus consensus of 3.4% and 3.7%, respectively," the analyst wrote. "FY24 EPS growth guidance was lowered to flat to +LSD (prev. 15-20%)," he further stated.
<h1 class="wp-block-heading">TD Cowen On Starbucks</h1>
Analyst Andrew Charles reiterated a Hold rating while slashing the price target from $100 to $85.
The performance in the fiscal second quarter is "more pronounced" as this marked the first time since the Starbucks Rewards data started being disclosed in 2013 that Starbucks saw a sequential decline in members, Charles said. He added that members declined by 1.5 million, from 34.3 million to 32.8 million.
"Starbucks quantified a 3% headwind from weather most pronounced in January, with trends qualitatively improving in March following the launch of Lavender, though reflected headwinds that have continued into April," the analyst wrote.
SBUX Price Action: Shares of Starbucks had declined by 17.14% to $73.33 at the time of publication on Wednesday.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38554589/manufacturing-activity-gauge-contracts-again-in-april-commodity-costs-hit-produce">Manufacturing Activity Gauge Contracts Again In April: Commodity Costs Hit Producers</a>
Photo: Manu Padilla on Shutterstock

Analyst Color

Earnings Misses

Reiteration

Restaurants

Trading Ideas

SBUX

Starbucks Presents A 'Bitter Bean To Swallow': Analysts Cut Forecasts After FQ2 Results

UBS analyst Dennis Geiger maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $95 to $85.

UBS Maintains Neutral on Starbucks, Lowers Price Target to $85

TD Cowen analyst Gautam Khanna maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Buy and lowers the price target from $106 to $95.

TD Cowen Maintains Buy on Albany Intl, Lowers Price Target to $95

UBS analyst Timothy Arcuri maintains Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) with a Neutral and lowers the price target from $110 to $100.

SWKS

UBS Maintains Neutral on Skyworks Solutions, Lowers Price Target to $100

UBS analyst Mark Carden maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Buy and lowers the price target from $92 to $87.

UBS Maintains Buy on Sysco, Lowers Price Target to $87

UBS analyst Peter Grom maintains Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Neutral and lowers the price target from $70 to $64.

UBS Maintains Neutral on Molson Coors Beverage, Lowers Price Target to $64

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>AON</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$240.00</td>
<td>$275.0K</td>
<td>14</td>
<td>2.1K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$260.00</td>
<td>$280.8K</td>
<td>21.2K</td>
<td>1.4K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$80.0K</td>
<td>47.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LNC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$27.50</td>
<td>$112.0K</td>
<td>1.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$67.50</td>
<td>$50.0K</td>
<td>5.8K</td>
<td>684</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$66.00</td>
<td>$68.8K</td>
<td>31</td>
<td>449</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$225.00</td>
<td>$29.6K</td>
<td>898</td>
<td>316</td>
</tr>
<tr>
<td>ROOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$31.6K</td>
<td>331</td>
<td>296</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$116.00</td>
<td>$34.2K</td>
<td>0</td>
<td>275</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$36.00</td>
<td>$35.8K</td>
<td>11.2K</td>
<td>271</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For AON (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), we notice a put option trade that happens to be bearish, expiring in 233 day(s) on December 20, 2024. This event was a transfer of 550 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $275.0K, with a price of $500.0 per contract. There were 14 open contracts at this strike prior to today, and today 2100 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bearish, expiring in 16 day(s) on May 17, 2024. This event was a transfer of 590 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $280.8K, with a price of $476.0 per contract. There were 21272 open contracts at this strike prior to today, and today 1458 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with neutral sentiment. It expires in 261 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $65.00 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 $80.0K, with a price of $400.0 per contract. There were 47233 open contracts at this strike prior to today, and today 1074 contract(s) were bought and sold. 
• For LNC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>), we notice a put option trade that happens to be bullish, expiring in 16 day(s) on May 17, 2024. This event was a transfer of 1000 contract(s) at a $27.50 strike. The total cost received by the writing party (or parties) was $112.0K, with a price of $112.0 per contract. There were 1762 open contracts at this strike prior to today, and today 1010 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on June 21, 2024. Parties traded 200 contract(s) at a $67.50 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 $50.0K, with a price of $250.0 per contract. There were 5887 open contracts at this strike prior to today, and today 684 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 3, 2024. This event was a transfer of 162 contract(s) at a $66.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $68.8K, with a price of $425.0 per contract. There were 31 open contracts at this strike prior to today, and today 449 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a put option sweep that happens to be bearish, expiring in 9 day(s) on May 10, 2024. This event was a transfer of 303 contract(s) at a $225.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $99.0 per contract. There were 898 open contracts at this strike prior to today, and today 316 contract(s) were bought and sold. 
• For ROOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>), we notice a put option trade that happens to be neutral, expiring in 16 day(s) on May 17, 2024. This event was a transfer of 49 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $645.0 per contract. There were 331 open contracts at this strike prior to today, and today 296 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 136 contract(s) at a $116.00 strike. This particular call needed to be split into 81 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $249.0 per contract. There were 0 open contracts at this strike prior to today, and today 275 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 bullish sentiment. It expires in 51 day(s) on June 21, 2024. Parties traded 200 contract(s) at a $36.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $179.0 per contract. There were 11204 open contracts at this strike prior to today, and today 271 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.

COIN

PYPL

ROOT

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 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>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$180.00</td>
<td>$31.3K</td>
<td>19.7K</td>
<td>80.0K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$1.00</td>
<td>$2.5 million</td>
<td>0</td>
<td>50.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$190.00</td>
<td>$113.0K</td>
<td>46.7K</td>
<td>13.4K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$10.00</td>
<td>$28.8K</td>
<td>18.8K</td>
<td>2.8K</td>
</tr>
<tr>
<td>SG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$25.00</td>
<td>$27.0K</td>
<td>410</td>
<td>2.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$100.00</td>
<td>$47.6K</td>
<td>7.1K</td>
<td>1.9K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.82</td>
<td>$50.0K</td>
<td>22.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$55.00</td>
<td>$869.4K</td>
<td>2.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$84.00</td>
<td>$53.8K</td>
<td>1.9K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$42.00</td>
<td>$44.6K</td>
<td>1.7K</td>
<td>702</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 bullish, expiring in 2 day(s) on May 3, 2024. This event was a transfer of 105 contract(s) at a $180.00 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 $31.3K, with a price of $293.0 per contract. There were 19755 open contracts at this strike prior to today, and today 80040 contract(s) were bought and sold. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a put option trade with bearish sentiment. It expires in 961 day(s) on December 18, 2026. Parties traded 50000 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $2.5 million, with a price of $51.0 per contract. There were 0 open contracts at this strike prior to today, and today 50000 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 16 day(s) on May 17, 2024. This event was a transfer of 1000 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $113.0K, with a price of $113.0 per contract. There were 46711 open contracts at this strike prior to today, and today 13415 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on June 21, 2024. This event was a transfer of 310 contract(s) at a $10.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $93.0 per contract. There were 18875 open contracts at this strike prior to today, and today 2878 contract(s) were bought and sold. 
• Regarding SG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>), we observe a call option sweep with bullish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 386 contract(s) at a $25.00 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 $27.0K, with a price of $70.0 per contract. There were 410 open contracts at this strike prior to today, and today 2057 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $47.6K, with a price of $238.0 per contract. There were 7141 open contracts at this strike prior to today, and today 1944 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 bullish, expiring in 625 day(s) on January 16, 2026. This event was a transfer of 500 contract(s) at a $9.82 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $100.0 per contract. There were 22070 open contracts at this strike prior to today, and today 1501 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option trade that happens to be bearish, expiring in 107 day(s) on August 16, 2024. This event was a transfer of 1400 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $869.4K, with a price of $621.0 per contract. There were 2081 open contracts at this strike prior to today, and today 1446 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 50 contract(s) at a $84.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $53.8K, with a price of $1076.0 per contract. There were 1924 open contracts at this strike prior to today, and today 1119 contract(s) were bought and sold. 
• Regarding DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 180 contract(s) at a $42.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $44.6K, with a price of $248.0 per contract. There were 1766 open contracts at this strike prior to today, and today 702 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

CVNA

DKNG

LCID

RIVN

TSLA

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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$800.00</td>
<td>$387.1K</td>
<td>11.2K</td>
<td>44.8K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$170.00</td>
<td>$32.7K</td>
<td>15.8K</td>
<td>10.2K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$115.00</td>
<td>$38.5K</td>
<td>2.6K</td>
<td>3.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$690.00</td>
<td>$48.2K</td>
<td>315</td>
<td>1.8K</td>
</tr>
<tr>
<td>FSLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$317.5K</td>
<td>5.6K</td>
<td>1.2K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$22.50</td>
<td>$27.0K</td>
<td>5.7K</td>
<td>910</td>
</tr>
<tr>
<td>SWKS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$105.00</td>
<td>$74.0K</td>
<td>1.8K</td>
<td>856</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.00</td>
<td>$288.0K</td>
<td>1.3K</td>
<td>500</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$135.00</td>
<td>$66.2K</td>
<td>4.1K</td>
<td>434</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$110.7K</td>
<td>6.6K</td>
<td>323</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on May 3, 2024. This event was a transfer of 561 contract(s) at a $800.00 strike. This particular put needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $387.1K, with a price of $690.0 per contract. There were 11293 open contracts at this strike prior to today, and today 44888 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 116 contract(s) at a $170.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $282.0 per contract. There were 15840 open contracts at this strike prior to today, and today 10256 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 trade that happens to be bullish, expiring in 9 day(s) on May 10, 2024. This event was a transfer of 335 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $115.0 per contract. There were 2691 open contracts at this strike prior to today, and today 3908 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 put option sweep with neutral sentiment. It expires in 2 day(s) on May 3, 2024. Parties traded 80 contract(s) at a $690.00 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 $48.2K, with a price of $611.0 per contract. There were 315 open contracts at this strike prior to today, and today 1878 contract(s) were bought and sold. 
• For FSLY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), we notice a put option trade that happens to be bearish, expiring in 261 day(s) on January 17, 2025. This event was a transfer of 1250 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $317.5K, with a price of $254.0 per contract. There were 5679 open contracts at this strike prior to today, and today 1250 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a put option sweep with bearish sentiment. It expires in 51 day(s) on June 21, 2024. Parties traded 169 contract(s) at a $22.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $160.0 per contract. There were 5735 open contracts at this strike prior to today, and today 910 contract(s) were bought and sold. 
• Regarding SWKS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), we observe a put option trade with bullish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 50 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $1480.0 per contract. There were 1890 open contracts at this strike prior to today, and today 856 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 put option trade that happens to be bearish, expiring in 324 day(s) on March 21, 2025. This event was a transfer of 500 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $288.0K, with a price of $576.0 per contract. There were 1305 open contracts at this strike prior to today, and today 500 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 put option trade with bullish sentiment. It expires in 16 day(s) on May 17, 2024. Parties traded 169 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $66.2K, with a price of $392.0 per contract. There were 4141 open contracts at this strike prior to today, and today 434 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 call option trade that happens to be bearish, expiring in 261 day(s) on January 17, 2025. This event was a transfer of 60 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $110.7K, with a price of $1845.0 per contract. There were 6628 open contracts at this strike prior to today, and today 323 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.

AAPL

FSLY

MRVL

NVDA

SMCI

WOLF

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