Sight Sciences Stock (NASDAQ:SGHT), Trade Ideas

Sight Sciences

Sight Sciences Inc is an ophthalmic medical device company focused on the development and commercialization of surgical and nonsurgical technologies for the treatment of prevalent eye diseases. Its Surgical Glaucoma segment's product portfolio features the OMNI Surgical System, a device that facilitates the performance of both canaloplasty and trabeculotomy with a single device and single corneal incision to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The company's Dry Eye segment's product portfolio consists of the TearCare System for ophthalmologists and optometrists. It derives key revenue from the Surgical Glaucoma segment.

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Shares of RayzeBio, Inc. (NASDAQ: RYZB) rose sharply during Tuesday’s session after the company announced that it will be acquired by Bristol Myers Squibb for $62.50 per share in cash in a deal worth $4.1 billion.

RayzeBio shares gained 100% to $61.38 on Tuesday.

Why RayzeBio Shares Are Trading Higher By 100%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Shares of FLJ Group Limited (NASDAQ: FLJ) shares jumped during Friday’s session after the company announced it entered into a definitive agreement to acquire Alpha Mind Technology.

FLJ Group shares jumped 96.4% to $0.2123 on Friday.

Why FLJ Group Shares Are Trading Higher By Around 96%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Why Harley-Davidson Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Sight Sciences Inc

Phillips 66's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) short percent of float has fallen 17.75% since its last report. The company recently reported that it has 8.04 million shares sold short, which is 1.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Phillips 66 Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713980722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Phillips 66 has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Phillips 66's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Phillips 66's peer group average for short interest as a percentage of float is 8.60%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Phillips 66?

RH's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) short percent of float has fallen 6.66% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 11.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>RH Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713980718_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for RH has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing RH's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, RH's peer group average for short interest as a percentage of float is 13.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(RH) - Analyzing RH's Short Interest

Bentley Systems's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NYSE">BSY</a>) short percent of float has risen 4.69% since its last report. The company recently reported that it has 8.83 million shares sold short, which is 6.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bentley Systems Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713980712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bentley Systems has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Bentley Systems's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bentley Systems's peer group average for short interest as a percentage of float is 4.23%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Bentley Systems?

Guggenheim analyst Sandy Draper maintains Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) with a Buy and raises the price target from $453 to $464.

Price Target

Analyst Ratings

MEDP

Guggenheim Maintains Buy on Medpace Hldgs, Raises Price Target to $464

<h3>The Trader Versus The Intelligent Investor</h3>
One of the more amusing posts on X after shares of Elon Musk&#39;s other business Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) spiked after hours yesterday was this one, picturing someone throwing Benjamin Graham&#39;s classic book, The Intelligent Investor, in the trash.&nbsp;
<blockquote><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> +7% <a href="https://t.co/KyDGq8C4wU">https://t.co/KyDGq8C4wU</a> <a href="https://t.co/m0VVSqKdFU">pic.twitter.com/m0VVSqKdFU</a>
&mdash; Mads Capital (@MadsCapital) <a href="https://twitter.com/MadsCapital/status/1782863260284330485?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
Of course, Warren Buffett&#39;s mentor Graham wouldn&#39;t have been surprised by Tesla&#39;s spike after missing its earnings estimates. As he famously wrote, &quot;In the short term, the market is a voting machine; in the long term, it&#39;s a weighing machine&quot;. In the long term, the market will weigh Tesla&#39;s earnings and various valuation metrics, but in the short term, the market is voting on the stock&#39;s prospects. So when you trade, you&#39;ve got to think about how the market will vote.&nbsp;
<h3>Thinking About How The Market Will Vote</h3>
I did that yesterday, though, to be fair, there was a bit of luck involved. As I watched Arsenal blow out Chelsea in yesterday&#39;s Premier League match, I remembered Tesla was reporting earnings after the close. I also remembered these two Zero Hedge posts about the stock.&nbsp;
<blockquote>Last two times TSLA dropped seven straight days, it ripped back (Sep 2018, +50% in next two months; Dec 2022, +100% in next two months) <a href="https://t.co/BtyFZLXdwo">https://t.co/BtyFZLXdwo</a> <a href="https://t.co/vGTzi6V79z">pic.twitter.com/vGTzi6V79z</a>
&mdash; zerohedge (@zerohedge) <a href="https://twitter.com/zerohedge/status/1782503240833089893?ref_src=twsrc%5Etfw">April 22, 2024</a></blockquote>
With that in mind, I placed a bullish options trade on TSLA just before the market closed.&nbsp;
<h3>Structuring The Trade</h3>
Here&#39;s the part where luck wasn&#39;t involved. I knew that options were pricing in a move of about 9% in either direction for TSLA. I also knew that the odds of my trade working were probably close to 50% (ideally slightly higher). With both of those facts in mind, I decided to go a bit out-of-the-money to give myself a shot at a &gt;100% gain if the trade worked. That way, even if this sort of trade only works about half the time, you&#39;re setting yourself up to profit over time.&nbsp;
With TSLA trading at about $144, I opened a vertical spread expiring on Friday, buying the $152.50 strike calls and selling the $155 strike calls for a net debit of $0.75. The max gain on that spread would have been $2.50 if TSLA was trading for more than $155 at Friday&#39;s close, but I decided to lock in a smaller profit instead today. I just exited that spread this morning at $2.05, for a profit of 173% overnight.&nbsp;
<h3>Looking For The Next Winner?&nbsp;</h3>
These sorts of earnings trades can be hit-or-miss, but our core strategy in the Portfolio Armor Substack--buying equal dollar amounts of our top ten names, putting 15%-20% trailing stops on them, and then replacing them as we get stopped out with new top names--has been pretty consistent so far.&nbsp;As you can see below, since I started the Portfolio Armor Substack, our top ten names have outperformed the market&nbsp;by 21.82% over the next six months, versus 11.8% for the SPDR S&amp;P 500 Trust ETF (ARCA:SPY).&nbsp;
<h3>Top Names Performance Data Since 12/29/2022</h3>
This was when we first started sharing our weekly top names cohorts in the&nbsp;<a href="https://portfolioarmor.substack.com/" target="blank">Portfolio Armor Substack</a>.by 21.82% over the next six months, versus 11.8% for SPY.&nbsp;
Starting Date Portfolio Armor 6-Month Performance SPY 6-Month Performance <a href="https://portfolioarmor.com/top_names_dates/9652">December 29, 2022</a> 30.94% 15.57% <a href="https://portfolioarmor.com/top_names_dates/9668">January 5, 2023</a> 39.55% 18.14% <a href="https://portfolioarmor.com/top_names_dates/9688">January 12, 2023</a> 30.05% 13.65% <a href="https://portfolioarmor.com/top_names_dates/9704">January 19, 2023</a> 47.63% 18.47% <a href="https://portfolioarmor.com/top_names_dates/9724">January 26, 2023</a> 34.96% 13.83% <a href="https://portfolioarmor.com/top_names_dates/9744">February 2, 2023</a> 2.54% 9.24% <a href="https://portfolioarmor.com/top_names_dates/9764">February 9, 2023</a> 4.70% 10.75% <a href="https://portfolioarmor.com/top_names_dates/9784">February 16, 2023</a> 14.18% 8.92% <a href="https://portfolioarmor.com/top_names_dates/9800">February 23, 2023</a> 30.43% 11.84% <a href="https://portfolioarmor.com/top_names_dates/9820">March 2, 2023</a> 17.95% 14.72% <a href="https://portfolioarmor.com/top_names_dates/9840">March 9, 2023</a> 23.87% 15.09% <a href="https://portfolioarmor.com/top_names_dates/9860">March 16, 2023</a> 5.30% 13.62% <a href="https://portfolioarmor.com/top_names_dates/9880">March 23, 2023</a> 10.69% 10.27% <a href="https://portfolioarmor.com/top_names_dates/9900">March 30, 2023</a> 9.00% 6.66% <a href="https://portfolioarmor.com/top_names_dates/9920">April 6, 2023</a> 16.57% 5.74% <a href="https://portfolioarmor.com/top_names_dates/9936">April 13, 2023</a> -1.79% 5.12% <a href="https://portfolioarmor.com/top_names_dates/9956">April 20, 2023</a> 6.88% 3.01% <a href="https://portfolioarmor.com/top_names_dates/9976">April 27, 2023</a> 9.45% 0.31% <a href="https://portfolioarmor.com/top_names_dates/9996">May 4, 2023</a> 13.28% 8.08% <a href="https://portfolioarmor.com/top_names_dates/10016">May 11, 2023</a> 8.52% 7.69% <a href="https://portfolioarmor.com/top_names_dates/10036">May 18, 2023</a> 9.91% 8.31% <a href="https://portfolioarmor.com/top_names_dates/10056">May 25, 2023</a> -2.77% 10.61% <a href="https://portfolioarmor.com/top_names_dates/10072">June 1, 2023</a> -6.11% 9.63% <a href="https://portfolioarmor.com/top_names_dates/10092">June 8, 2023</a> 12.72% 8.02% <a href="https://portfolioarmor.com/top_names_dates/10112">June 15, 2023</a> 19.14% 7.25% <a href="https://portfolioarmor.com/top_names_dates/10128">June 22, 2023</a> 9.37% 9.34% <a href="https://portfolioarmor.com/top_names_dates/10148">June 29, 2023</a> 11.32% 9.32% <a href="https://portfolioarmor.com/top_names_dates/10164">July 6, 2023</a> -0.97% 7.24% <a href="https://portfolioarmor.com/top_names_dates/10184">July 13, 2023</a> -0.61% 6.84% <a href="https://portfolioarmor.com/top_names_dates/10200">July 20, 2023</a> -4.82% 7.51% <a href="https://portfolioarmor.com/top_names_dates/10220">July 27, 2023</a> 4.78% 8.54% <a href="https://portfolioarmor.com/top_names_dates/10240">August 3, 2023</a> 20.98% 10.98% <a href="https://portfolioarmor.com/top_names_dates/10260">August 10, 2023</a> 35.94% 13.26% <a href="https://portfolioarmor.com/top_names_dates/10280">August 17, 2023</a> 89.37% 15.37% <a href="https://portfolioarmor.com/top_names_dates/10300">August 24, 2023</a> 62.22% 17.13% <a href="https://portfolioarmor.com/top_names_dates/10320">August 31, 2023</a> 30.72% 13.68% <a href="https://portfolioarmor.com/top_names_dates/10336">September 7, 2023</a> 44.34% 16.61% <a href="https://portfolioarmor.com/top_names_dates/10356">September 14, 2023</a> 33.97% 15.22% <a href="https://portfolioarmor.com/top_names_dates/10376">September 21, 2023</a> 51.45% 21.54% <a href="https://portfolioarmor.com/top_names_dates/10396">September 28, 2023</a> 38.51% 22.56% <a href="https://portfolioarmor.com/top_names_dates/10416">October 5, 2023</a> 61.35% 22.62% <a href="https://portfolioarmor.com/top_names_dates/10436">October 12, 2023</a> 29.96% 18.28% <a href="https://portfolioarmor.com/top_names_dates/10456">October 19, 2023</a> 32.93% 16.59% Average 21.82% 11.80%
So Portfolio Armor&#39;s top ten names averaged 21.82% over these 43 6-month periods, versus SPY&#39;s average of 11.80%.
&nbsp;
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#39;re using that for our occasional emails now).
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This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

TSLA

Cashing In On Tesla's Post-Earnings Bounce--Ben Graham's "The Intelligent Investor" Is No Guide Here

Morgan Stanley analyst Manan Gosalia maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $350 to $370.

SPOT

Morgan Stanley Maintains Overweight on Spotify Technology, Raises Price Target to $370

Guggenheim analyst Michael Morris maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and raises the price target from $290 to $350.

Guggenheim Maintains Buy on Spotify Technology, Raises Price Target to $350

Rising Treasury yields have investors cautious despite positive news <a href="https://www.benzinga.com/calendars/earnings">from the earnings season.</a>
The yield on the long-dated 30-year Treasury bond has surged to 4.79%. It&#8217;s on track to close at the highest level since early November, ahead of crucial economic data on Thursday.
The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.9%, extending its year-to-date drop to 10%. 
Rising yields are propelling the greenback higher, particularly against the low-yielding Japanese yen which tumbled to past 155 per dollar, hitting the lowest level since June 1990.
Tesla Inc. posted lower-than-expected results last quarter, but shares rose 10%. Investors reacted to the automaker&#8217;s pledge to produce more affordable models to broaden the market.
The S&amp;P 500 fell 0.4% by midday trading in New York; the tech-heavy Nasdaq 100 managed to hold steady; and small caps saw wider declines, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) down 1%. 
Gold remains unchanged, while oil prices edged up by 0.5%, despite the Energy Information Administration revealing a 6.368 million barrel drop in crude oil inventories last week, significantly below market expectations of a 1.6 million barrel increase.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 2.7% to $64,500 amid waning sentiment towards riskier assets. 
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,470.46</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,334.54</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,048.09</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,983.56</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $503.45, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.4% to $383.43 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% lower to $424.43, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 0.3%. The Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) was the major laggard, down 1.5%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) rose 6.5%, after beating both earnings and revenue estimates last quarter. </li>
<li>Other companies reacting to earnings were Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) (down 2.5%), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) (up 3.6%), Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) (down nearly 2%), Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), (down over 3%), Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) (down over 10%), Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) (down 5%), Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) (up over 6%), AT&amp;T Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) (up 1.8%), Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) (down 1.6%), CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) (down 1.4%), General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) (down 3.2%) and Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) (up 4.3%). </li>
<li>Notable names reporting after the close are Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>), Western Union Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), Meta Platforms, Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).</li>
</ul>
Now Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38410454/treasury-yields-reach-5-month-high-lift-mortgage-rates-expert-warns-federal-debt-">Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns &#8216;Federal Debt Blob Is Out Of Control&#8217;</a>

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Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?

Evercore ISI Group analyst Liisa Bayko maintains Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) with a Outperform and raises the price target from $25 to $30.

KNSA

Evercore ISI Group Maintains Outperform on Kiniksa Pharmaceuticals, Raises Price Target to $30

Scotiabank analyst Michael Doumet maintains RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) with a Sector Outperform and raises the price target from $88 to $89.

TSX:RBA

Scotiabank Maintains Sector Outperform on RB Global, Raises Price Target to $89

TD Cowen analyst Tyler Van Buren maintains Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) with a Buy and raises the price target from $1020 to $1030.

REGN

TD Cowen Maintains Buy on Regeneron Pharmaceuticals, Raises Price Target to $1030

Evercore ISI Group analyst Mark Lipacis maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Outperform and raises the price target from $213 to $225.

Evercore ISI Group Maintains Outperform on Texas Instruments, Raises Price Target to $225

Scotiabank analyst Orest Wowkodaw maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Sector Outperform and lowers the price target from $55 to $53.

Scotiabank Maintains Sector Outperform on Freeport-McMoRan, Lowers Price Target to $53

Evercore ISI Group analyst John Pancari maintains American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) with a In-Line and raises the price target from $243 to $255.

Evercore ISI Group Maintains In-Line on American Express, Raises Price Target to $255

TD Cowen analyst Joshua Buchalter maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Hold and raises the price target from $160 to $175.

TD Cowen Maintains Hold on Texas Instruments, Raises Price Target to $175

TSMC Exec Says 'A16' Chip Manufacturing Technology Will Start Production In Second Half Of 2026

Craig-Hallum analyst Christian Schwab maintains Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) with a Buy and lowers the price target from $48 to $41.

CALX

Craig-Hallum Maintains Buy on Calix, Lowers Price Target to $41

Despite missing analyst estimates for the first quarter, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are surging Wednesday on the heels of the company&#8217;s quarterly report. Jim Cramer is surprised the stock isn&#8217;t <a href="https://www.benzinga.com/news/earnings/24/04/38405212/tesla-stock-is-ripping-higher-wednesday-whats-going-on">moving even higher</a>.
What To Know: Tesla&#8217;s first-quarter revenue of $21.301 billion came in below the consensus estimate of $22.151 billion. The EV maker also reported adjusted earnings of 45 cents per share, which missed estimates of 51 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a> estimates.
Although Tesla came up short of estimates on the top and bottom lines, the stock is taking off on Wednesday. 
Many analysts are attributing the upward momentum to the company's accelerated timeline for the launch of an affordable new vehicle model. However, Cramer believes the move in Tesla shares is simply about sentiment. 
&#8220;This is now trading on sentiment. The sentiment was so low,&#8221; Cramer said Wednesday on CNBC&#8217;s &#8220;Squawk On The Street.&#8221;
&#8220;You think this is only going to be up $15? I mean I think this thing has the possibility of being up $30 because the sentiment changed.&#8221;
Check This Out: <a href="https://www.benzinga.com/markets/24/04/38408710/musk-lifts-sentiment-in-entire-stock-market-by-saying-a-regular-car-is-like-riding-a-horse">Musk Lifts Sentiment In Entire Stock Market By Saying A Regular Car Is Like &#8220;Riding A Horse&#8221;</a>
At the time of writing, Tesla shares were up approximately $15 for the day, hovering around $160 per share following a 10% move to the upside. Cramer suggested that the sentiment change in Tesla could take the stock to $175 as soon as today.
He attributed much of the shift in sentiment to the commentary from CEO Elon Musk on the conference call, in which he laid out his vision for the future of Tesla involving AI and robotaxis. Cramer also highlighted several analyst reactions pointing to the accelerated launch of a next-gen vehicle, a push for lower costs and the introduction of a ride-sharing app.
&#8220;He just comes up with a compelling reason why you should buy the stock,&#8221; Cramer said, referencing Musk&#8217;s comments on the call. 
&#8220;Everything that was bad is now good. It&#8217;s front seat, back seat.&#8221;
TSLA Price Action: Despite Wednesday&#8217;s gains, <a href="https://www.benzinga.com/quote/TSLA">Tesla shares</a> are still down approximately 36% year-to-date as investors continue to grapple with slowing EV demand trends. 
Tesla stock was up 11.41% at $161.19 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38406798/jim-cramer-takes-potshots-at-tesla-boeing-shrugs-off-post-earnings-rally-as-smacks-of-fiction-horre">Jim Cramer Takes Potshots At Tesla, Boeing, Says Post-Earnings &#8216;Smacks Of Fiction&#8217;: &#8216; Horrendous Cash Flow&#8217;</a>
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Jim Cramer Says Tesla Stock Could Climb To $175 Today On Back Of Elon Musk Comments: 'Everything That Was Bad Is Now Good'

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. 
Below are some instances of options activity happening in the Industrials 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>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$80.00</td>
<td>$190.2K</td>
<td>8.5K</td>
<td>4.2K</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$175.00</td>
<td>$31.7K</td>
<td>1.5K</td>
<td>3.1K</td>
</tr>
<tr>
<td>GOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$12.50</td>
<td>$34.1K</td>
<td>3.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$71.00</td>
<td>$27.3K</td>
<td>107</td>
<td>504</td>
</tr>
<tr>
<td>NKLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.00</td>
<td>$25.0K</td>
<td>2.7K</td>
<td>502</td>
</tr>
<tr>
<td>HON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$200.00</td>
<td>$66.0K</td>
<td>90</td>
<td>175</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$130.00</td>
<td>$46.7K</td>
<td>311</td>
<td>81</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$165.00</td>
<td>$56.8K</td>
<td>607</td>
<td>52</td>
</tr>
<tr>
<td>TRU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$70.00</td>
<td>$86.6K</td>
<td>1.0K</td>
<td>41</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$390.00</td>
<td>$34.9K</td>
<td>345</td>
<td>29</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we notice a put option sweep that happens to be bullish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 761 contract(s) at a $80.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $190.2K, with a price of $250.0 per contract. There were 8538 open contracts at this strike prior to today, and today 4259 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option sweep that happens to be neutral, expiring in 2 day(s) on April 26, 2024. This event was a transfer of 40 contract(s) at a $175.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $31.7K, with a price of $791.0 per contract. There were 1509 open contracts at this strike prior to today, and today 3139 contract(s) were bought and sold. 
• For GOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>), we notice a call option trade that happens to be bearish, expiring in 58 day(s) on June 21, 2024. This event was a transfer of 263 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $130.0 per contract. There were 3030 open contracts at this strike prior to today, and today 1216 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a call option sweep with bearish sentiment. It expires in 16 day(s) on May 10, 2024. Parties traded 130 contract(s) at a $71.00 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 $27.3K, with a price of $210.0 per contract. There were 107 open contracts at this strike prior to today, and today 504 contract(s) were bought and sold. 
• For NKLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>), we notice a put option sweep that happens to be bullish, expiring in 177 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $1.00 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $25.0K, with a price of $50.0 per contract. There were 2770 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a call option sweep that happens to be neutral, expiring in 422 day(s) on June 20, 2025. This event was a transfer of 37 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 $66.0K, with a price of $1787.0 per contract. There were 90 open contracts at this strike prior to today, and today 175 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be bearish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $46.7K, with a price of $1870.0 per contract. There were 311 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• For UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we notice a call option trade that happens to be bearish, expiring in 632 day(s) on January 16, 2026. This event was a transfer of 49 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1160.0 per contract. There were 607 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold. 
• For TRU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 228 contract(s) at a $70.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $86.6K, with a price of $380.0 per contract. There were 1080 open contracts at this strike prior to today, and today 41 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a put option trade that happens to be bullish, expiring in 58 day(s) on June 21, 2024. This event was a transfer of 27 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $34.9K, with a price of $1295.0 per contract. There were 345 open contracts at this strike prior to today, and today 29 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

GOGL

UBER

10 Industrials 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>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$160.00</td>
<td>$25.0K</td>
<td>13.9K</td>
<td>187.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$180.00</td>
<td>$59.5K</td>
<td>16.1K</td>
<td>24.7K</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$72.6K</td>
<td>17.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>NCLH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$20.00</td>
<td>$37.2K</td>
<td>1.1K</td>
<td>790</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$16.00</td>
<td>$40.4K</td>
<td>183</td>
<td>301</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$23.00</td>
<td>$27.0K</td>
<td>2.2K</td>
<td>250</td>
</tr>
<tr>
<td>ETSY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$30.6K</td>
<td>1.0K</td>
<td>81</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.00</td>
<td>$43.4K</td>
<td>1.7K</td>
<td>50</td>
</tr>
<tr>
<td>APTV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$62.50</td>
<td>$29.7K</td>
<td>0</td>
<td>26</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2650.00</td>
<td>$32.8K</td>
<td>41</td>
<td>21</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 trade that happens to be bearish, expiring in 2 day(s) on April 26, 2024. This event was a transfer of 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $250.0 per contract. There were 13983 open contracts at this strike prior to today, and today 187591 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 2 day(s) on April 26, 2024. Parties traded 500 contract(s) at a $180.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $59.5K, with a price of $120.0 per contract. There were 16177 open contracts at this strike prior to today, and today 24755 contract(s) were bought and sold. 
• For CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we notice a call option sweep that happens to be bearish, expiring in 632 day(s) on January 16, 2026. This event was a transfer of 175 contract(s) at a $60.00 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 $72.6K, with a price of $415.0 per contract. There were 17515 open contracts at this strike prior to today, and today 2418 contract(s) were bought and sold. 
• For NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we notice a put option trade that happens to be bullish, expiring in 86 day(s) on July 19, 2024. This event was a transfer of 186 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $37.2K, with a price of $200.0 per contract. There were 1156 open contracts at this strike prior to today, and today 790 contract(s) were bought and sold. 
• For PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we notice a put option sweep that happens to be bullish, expiring in 9 day(s) on May 3, 2024. This event was a transfer of 1034 contract(s) at a $16.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $39.0 per contract. There were 183 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option trade that happens to be neutral, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 50 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $540.0 per contract. There were 2279 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• Regarding ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we observe a call option trade with bearish sentiment. It expires in 268 day(s) on January 17, 2025. Parties traded 34 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $900.0 per contract. There were 1035 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold. 
• Regarding LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we observe a put option trade with bullish sentiment. It expires in 632 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $43.4K, with a price of $870.0 per contract. There were 1769 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• For APTV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>), we notice a call option sweep that happens to be bullish, expiring in 114 day(s) on August 16, 2024. This event was a transfer of 25 contract(s) at a $62.50 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 $29.7K, with a price of $1190.0 per contract. There were 0 open contracts at this strike prior to today, and today 26 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bearish, expiring in 23 day(s) on May 17, 2024. This event was a transfer of 20 contract(s) at a $2650.00 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 $32.8K, with a price of $1640.0 per contract. There were 41 open contracts at this strike prior to today, and today 21 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.

APTV

ETSY

NCLH

PENN

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