Winston Gold (OTC:WGMCF) Stock, Quote.Headers.trade-ideas

Winston Gold Corp is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. The company has acquired the under-explored and under-exploited Winston Gold project near Helena, Montana. The Winston District Gold Project is situated 18 miles (30 kilometres) southeast of the capital of Helena, and approximately 2 miles (3.2 kilometres) southwest of the small community of Winston.

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Winston Gold Corp

Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $105,200, and 5 were calls, valued at $245,693.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $85.0 for Western Digital over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Western Digital'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 Western Digital's whale trades within a strike price range from $62.5 to $85.0 in the last 30 days. 
<h3>Western Digital Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727116288_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.89</td>
<td>$1.73</td>
<td>$1.75</td>
<td>$85.00</td>
<td>$73.8K</td>
<td>5.0K</td>
<td style="text-align: right;">536</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$3.2</td>
<td>$2.01</td>
<td>$2.52</td>
<td>$66.00</td>
<td>$52.4K</td>
<td>358</td>
<td style="text-align: right;">239</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.75</td>
<td>$1.74</td>
<td>$1.74</td>
<td>$75.00</td>
<td>$44.1K</td>
<td>622</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.1</td>
<td>$8.9</td>
<td>$9.1</td>
<td>$62.50</td>
<td>$40.0K</td>
<td>770</td>
<td style="text-align: right;">44</td>
</tr>
<tr>
<td>WDC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$1.9</td>
<td>$1.79</td>
<td>$1.9</td>
<td>$67.00</td>
<td>$38.0K</td>
<td>2</td>
<td style="text-align: right;">200</td>
</tr>
</tbody>
</table>

<h3>About Western Digital</h3>
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Following our analysis of the options activities associated with Western Digital, we pivot to a closer look at the company's own performance.
<h3>Current Position of Western Digital</h3>
<ul>
<li>Currently trading with a volume of 1,469,072, the WDC's price is down by -0.34%, now at $66.52. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>What The Experts Say On Western Digital</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $81.66666666666667.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Western Digital, maintaining a target price of $85. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on Western Digital, maintaining a target price of $80. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $80.
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 Western Digital options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With WDC

Whales with a lot of money to spend have taken a noticeably bullish stance on Elevance Health.
Looking at options history for Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $393,037 and 6, calls, for a total amount of $166,060.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $490.0 to $540.0 for Elevance Health over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Elevance Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Elevance Health's significant trades, within a strike price range of $490.0 to $540.0, over the past month.
<h3>Elevance Health Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727116283_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ELV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$8.97</td>
<td>$530.00</td>
<td>$78.8K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">791</td>
</tr>
<tr>
<td>ELV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$36.0</td>
<td>$33.5</td>
<td>$33.5</td>
<td>$530.00</td>
<td>$67.0K</td>
<td style="text-align: right;">54</td>
<td style="text-align: right;">22</td>
</tr>
<tr>
<td>ELV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$8.9</td>
<td>$7.9</td>
<td>$8.9</td>
<td>$530.00</td>
<td>$49.7K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">706</td>
</tr>
<tr>
<td>ELV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$9.5</td>
<td>$7.9</td>
<td>$9.45</td>
<td>$530.00</td>
<td>$47.2K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">551</td>
</tr>
<tr>
<td>ELV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$9.5</td>
<td>$7.9</td>
<td>$9.4</td>
<td>$530.00</td>
<td>$47.0K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">651</td>
</tr>
</tbody>
</table>

<h3>About Elevance Health</h3>
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 47 million medical members as of December 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
After a thorough review of the options trading surrounding Elevance Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Elevance Health's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 310,819, the ELV's price is down by -0.92%, now at $534.89. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 23 days.</li>
</ul>
<h3>What The Experts Say On Elevance Health</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $605.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $600. 
&#x2A; Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Overweight with a new price target of $615. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $600. 
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 Elevance Health with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

Decoding Elevance Health's Options Activity: What's the Big Picture?

FAA Administrator To Tell Congress Tuesday Agency Will Hold Boeing Accountable For Having Effective System In Place To Ensure Safe Airplanes; Says It Will Revamp Its Safety Management System, Seeks More Real-Time Insights Into Safety Trends

T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) has outperformed the market over the past 10 years by 10.31% on an annualized basis producing an average annual return of 21.5%. Currently, T-Mobile US has a market capitalization of $236.20 billion. 
Buying $100 In TMUS: If an investor had bought $100 of TMUS stock 10 years ago, it would be worth $698.53 today based on a price of $202.44 for TMUS at the time of writing.
<h3>T-Mobile US's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727116215_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

If You Invested $100 In This Stock 10 Years Ago, You Would Have $700 Today

Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) has outperformed the market over the past 5 years by 23.55% on an annualized basis producing an average annual return of 37.56%. Currently, Wingstop has a market capitalization of $12.56 billion. 
Buying $1000 In WING: If an investor had bought $1000 of WING stock 5 years ago, it would be worth $4,958.13 today based on a price of $428.63 for WING at the time of writing.
<h3>Wingstop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727116210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WING

$1000 Invested In This Stock 5 Years Ago Would Be Worth $5,000 Today

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has been outperforming Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) following the U.S. Federal Reserve's decision to cut its Federal Funds rate by <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40937057/bitcoin-ethereum-etfs-see-over-50m-net-outflows-despite-feds-50-bps-rate-cut">50 basis points last Wednesday</a>.
What Happened: Since the central bank's first rate cut in four years, Ethereum's price has surged over 16%, significantly outpacing Bitcoin's 6% increase during the same period, The Block <a href="https://www.theblock.co/post/317658/ethereum-outperforms-bitcoin-after-fed-rate-cut-signaling-bullish-market-sentiment?utm_source=rss&amp;utm_medium=rss">reported</a>.
Market data from Coinglass shows that the Ethereum perpetual futures funding rate has flipped positive since the rate cut, currently standing at 0.0082%. 
This signals a shift in market sentiment, indicating increased bullishness toward Ethereum. 
According to Ruslan Lienkha, chief of market at crypto exchange YouHodler, this positive funding rate reflects heightened demand for leveraged long positions in Ethereum. 
However, Lienkha warned of potential risks associated with over-optimism in the market. 
&#8220;While funding rates typically indicate medium to long-term trends in commodity markets, crypto funding rates are notably more volatile,&#8221; he said.
He also emphasized that opening short positions in anticipation of a long squeeze may be too risky at this time due to the heightened market volatility.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up">China Controls 55% Of Bitcoin Hashrate Despite Crypto Ban, But The US Is Catching Up</a>
Why It Matters: While Ethereum continues to surge, stablecoins have become a critical component in the global cryptocurrency landscape, particularly in Eastern Asia.
According to a Chainalysis <a href="https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/">report</a>, the region accounts for 8.9% of the global cryptocurrency value, receiving more than $400 billion in on-chain value over the past year.
Stablecoins play a crucial role in this market, as they provide a stable digital currency alternative, especially in countries where fiat currencies face devaluation and high inflation.
Hong Kong, in particular, has seen significant growth in cryptocurrency activity, with an 8.5% year-over-year increase. 
The region now ranks 30th on the global crypto adoption index. 
A key factor in this growth has been Hong Kong's introduction of a new regulatory framework for virtual asset trading platforms (VATPs) in June 2023. 
This framework, which includes strict consumer protection and anti-money laundering standards, has facilitated retail investors&#8217; access to crypto, with stablecoins accounting for 40% of the total value received in Hong Kong.
Meanwhile, Chinese investors are turning to over-the-counter (OTC) platforms to move funds amid stringent domestic regulations. As a result, stablecoins have emerged as a vital tool for those navigating these restrictions.
The stablecoin market now boasts a market cap of $172 billion, according to Coingecko. 
As stablecoins continue to gain popularity in regions facing economic instability, Maruf Yusupov, co-founder of Deenar, highlighted the asset's potential to disrupt traditional financial systems.
&#8220;Notably, stablecoin adoption is concentrated in regions where fiat currencies are constantly devalued with high inflationary rates. In most emerging markets, stablecoins are gradually replacing fiat because of lower barriers to entry, low cost and ease of use,&#8221; Yusupov said, in a note sent to Benzinga.
However, Yusupov also cautioned that the growth of stablecoins could attract more regulatory oversight and new forms of fraud. &#8220;The more stablecoins grow, the more oversight their issuers and users must expect. Central banks will do what they can to limit the impact of stablecoins on fiat dominance,&#8221; he said.
Yusupov also pointed out that while stablecoins offer revolutionary potential, market participants should prepare for possible headwinds, including regulatory challenges and scams.
What&#8217;s Next: The evolving dynamics of the crypto market will be a central focus at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where experts will gather to explore the future of cryptocurrency, regulation, and market resilience in the face of volatility.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985125/bitcoins-on-chain-metrics-are-turning-bullish-what-is-going-on">Bitcoin&#8217;s On-Chain Metrics Are Turning Bullish: What Is Going On?</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here's How Volatility Could Crash The Party

A new study <a href="https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2823671">published</a> in JAMA Network Open provides a comprehensive look into the effects of year-long <a href="https://www.benzinga.com/topic/medical-cannabis">medical cannabis</a> use on brain function, with surprising results. Despite the growing popularity of cannabis as a treatment for symptoms like depression, anxiety, pain and insomnia, the study found no significant changes in brain activity linked to cognitive functions after a year of use.
The research, led by Debbie C. L. Burdinski, BS, and a team of experts, explored the neural implications of cannabis use in 57 adults who had newly obtained medical cannabis cards (MCC) for symptom relief. Conducted over three years from 2017 to 2020 in the greater Boston area, the study aimed to examine whether regular cannabis use affected cognitive processes such as working memory, reward processing and inhibitory control, key areas that are often believed to be impacted by cannabis use.
<h3 class="wp-block-heading">Key Findings From Brain Imaging</h3>
Participants underwent functional magnetic resonance imaging scans at the beginning of the study and again one year later to assess brain activity during tasks requiring memory, impulse control and decision-making. These imaging results were then compared with a control group that did not use cannabis.
Surprisingly, the study reported no &#8220;statistically significant difference in brain activation between the two time points&#8221; in the medical cannabis group. There was also no link between the frequency of cannabis use and changes in brain activity after one year. The findings challenge some earlier research that suggested <a href="https://www.benzinga.com/markets/cannabis/23/03/31293224/study-asserts-long-term-cannabis-use-leads-to-hippocampal-shrinkage-lower-iq-poor-learning-abil-">prolonged cannabis use might alter brain function</a>, particularly in areas tied to executive functioning.
The study&#8217;s authors note that this research is unique because it examines longitudinal changes in adults who began using cannabis for medical reasons, as opposed to recreational use. "Cannabis is increasingly being used to treat medical symptoms, but the effects on brain function in those using cannabis for these symptoms are not known," the report states.
<h3 class="wp-block-heading">A Closer Look At Cognitive Domains</h3>
The study tested three key cognitive areas: working memory, reward processing and inhibitory control. These functions are often thought to be influenced by cannabis, particularly in recreational users who consume high doses. However, this new research suggests that moderate cannabis use for medical purposes may not significantly impair these functions.
During the study, participants performed tasks designed to measure their memory, ability to process rewards and control impulses. Despite increases in cannabis use over the year, the study revealed that &#8220;functional imaging measures during working memory, reward and inhibitory control tasks did not differ statistically from baseline to one year.&#8221;
This was a significant finding because earlier research has suggested cannabis could impair these cognitive abilities. But, the results of this study indicate that, at least for moderate users seeking symptom relief, those fears may be unfounded.
<h3 class="wp-block-heading">Implications For Medical Cannabis Users</h3>
With the medical cannabis industry growing rapidly—especially in the U.S., where <a href="https://www.benzinga.com/markets/cannabis/24/08/40121092/medical-cannabis-patients-increased-sixfold-in-six-years-declined-in-states-where-recreational-u">38 states</a> and Washington D.C. now have medical cannabis programs—this study offers valuable insight. As more adults turn to cannabis for relief from chronic pain, anxiety and other conditions, understanding the potential long-term effects on the brain is crucial.
However, the study's authors caution that more research is needed, particularly involving younger populations and higher doses of cannabis. The study participants were predominantly older, well-educated adults, a demographic that might not be representative of the broader medical cannabis user base. Furthermore, medical users may have different consumption patterns than recreational users, making it difficult to generalize findings.
Cover image made with AI

Cannabis

Health Care

Long-Term Medical Cannabis Use Has No Significant Harmful Effects On Memory Or Impulse Control, New Study Says

WIIM

MSTR

MicroStrategy shares are trading higher after TD Cowen and Barclays raised their respective price targets on the stock.

Vistra Corp shares are trading higher after Morgan Stanley raised its price target on the stock from $110 to $132.

Qualcomm Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) stock has been stuck in a trading range since early August, with analysts speculating <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40981806/qualcomms-potential-intel-buyout-could-face-antitrust-hurdles-analysts-reveal-intri">about a potential bid</a> for Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). Despite this, shares have faced resistance at the top of the range, which has prompted our trading experts to make it the Stock of the Day.
As the chart below shows, the top of the range has been around $175.00.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="631" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23141002/qcom-chart-1024x631.png" alt="" class="wp-image-561717" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23141002/qcom-chart-1024x631.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23141002/qcom-chart-300x185.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23141002/qcom-chart-768x473.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23141002/qcom-chart.png 1185w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Resistance can stay intact for a long time because of buyer's remorse. Some traders and investors bought shares while the stock was at the top of the range and came to regret doing so when the price moved lower soon after.
Some thought they made a mistake and decided to sell, but they didn't want to lose money. As a result, when the shares rallied back to resistance, these remorseful buyers placed sell orders. If there is a large number of these sell orders, it will create resistance at the level once again.
Read Also: <a href="https://www.benzinga.com/m-a/24/09/40983591/qualcomm-takeover-of-intel-is-logically-unlikely-in-face-of-regulatory-challenges-analyst-says">Qualcomm Takeover Of Intel Is &#8216;Logically Unlikely&#8217; In Face Of Regulatory Challenges, Analyst Says</a>
The bottom of the range is around $158.00.
Support can stay intact for a long time for the opposite reason: sellers&#8217; remorse. There are traders and investors who sold shares at the bottom of the range. When the price moved higher, a number of them thought they made a mistake and decided to buy their shares back.
But they don't want to pay a higher price than they sold them for. As a result, when the price drops back to the bottom of the range, they place buy orders. If there are enough of these buy orders, it will create support at the same price that had previously been support.
If understood and applied correctly, technical analysis is the study of investor and trader psychology. These are what cause patterns to form on charts. Support can stay intact for an extended time because of seller's remorse. Resistance can stay intact for an extended period because of buyer's remorse.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40981806/qualcomms-potential-intel-buyout-could-face-antitrust-hurdles-analysts-reveal-intri">Qualcomm&#8217;s Potential Intel Buyout Could Face Antitrust Hurdles, Analysts Reveal: &#8216;Intriguing On Many Levels&#8217;</a></li>
</ul>
Photo: Shutterstock

Technicals

Tech

INTC

QCOM

Stock Of The Day: Why Qualcomm Stock Remains Stuck In A Range As Speculation Of Intel Takeover Grows

Sea shares are trading higher after B of A Securities raised its price target on stock from $84 to $96.

When Facebook parent company Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) hosts its annual developer conference this week, analysts expect the focus <a href="https://www.benzinga.com/topic/augmented-reality">to be on augmented reality</a>.
The event, scheduled for Sept. 25 and Sept. 26, has the potential for upside from <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence announcements.</a>
Meta Connect 2024: Meta Platforms is expected to highlight new products at its annual Connect developer conference and share updates on its latest <a href="https://www.benzinga.com/topic/meta-quest">virtual and augmented reality devices.</a>
Meta Connect will <a href="https://www.meta.com/connect/">stream </a>live on the company's official website for the event. Meta CEO Mark Zuckerberg will deliver the keynote address on Wednesday at 1 p.m. ET. Programming from other Meta executives will follow. 
 Owners of Meta Quest headsets can also watch the event live in Horizon Worlds.
Among the most anticipated items from the event could be a lower cots Quest 3S device with a reported $299.99 price, as <a href="https://www.theverge.com/24250169/meta-connect-2024-stream-quest-3s-vr-ar-ai">reported </a>by The Verge. Meta could also highlight its Ray-Ban Meta smart glasses.
The product highlights and price points could have Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares on high alert <a href="https://www.benzinga.com/news/24/09/40909648/snap-unveils-smart-glasses-to-bring-ar-technology-to-physical-world-what-investors-need-to-know">with competing products</a>.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40081701/meta-platforms-q2-earnings-revenue-beat-eps-beat-strong-guidance-meta-ai-is-on-track-to-be-the-most">Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — &#8216;Meta AI Is On Track To Be The Most Used AI Assistant In The World&#8217;</a>
What Analysts Are Saying: The Meta Connect conference could show a shift in focus to augmented reality with hints of artificial intelligence, Bank of America analyst Justin Post said.
The analyst, who has a Buy rating and $563 price target, said the conference could highlight progress in augmented reality and artificial intelligence.
Post expects Meta to reveal a prototype of next-gen AR glasses and Meta to put a bigger focus on mixed reality and augmented reality during the presentations, instead of past focus on virtual reality.
"We expect Meta to also showcase growing AI capabilities, and the event may also include new AI product launches for core apps, announcements on Meta AI, and new AI messaging capabilities," Post said.
Meta could also launch a cheaper VR headset (Quest 3S) during the developer conference, the analyst added.
The company could also showcase third-party VR headsets from other companies building on the Horizon Worlds software platform, he added.
Post said Meta could unveil new AI functions for Messenger and WhatsApp and also give an update on large language models.
"We also think there is an opportunity for product demos showing how AI integrations across Facebook and Instagram are boosting engagement."
The analyst said there is also a small chance Meta unveils an AI subscription product during the event.
Rosenblatt analyst Barton Crockett said Meta Connect could lead the news cycle for AI for the week.
The analyst, who has a Buy rating with a $643 price target, said Meta could feature a cheaper virtual reality headset, show off new augmented reality glasses and highlight progress made in artificial intelligence integrated into existing products.
"Given Apple's sales challenges with Vision Pro, expectations for a pricey rival device from Meta have dissipated," Crockett said. "Instead, the focus is on the opposite — a cheaper version of the Meta Quest 3."
Crockett said the concern is how new products in virtual reality and augmented reality can help offset operating losses for the Reality Labs business segment.
"We struggle to see how Meta gets a positive ROIC (return on invested capital) on this. But Meta's willingness to absorb massive losses probably makes it hard for Apple and Snap to compete."
META Price Action: Meta stock trades at $566.54 on Monday versus a 52-week trading range of $279.40 to $573.98. Meta stock is up 64% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/06/39314161/zuckerberg-targets-metas-top-brass-in-planned-job-cuts-as-his-wealth-hits-181b-stock-price-soars">Zuckerberg Targets Meta&#8217;s Top Brass In Planned Job Cuts As His Wealth Hits $181B, Stock Price Soars</a></li>
</ul>
Image: Courtesy of Meta Platforms

Analyst Color

Price Target

Reiteration

Analyst Ratings

AAPL

SNAP

Meta Connect 2024 Preview: Cheaper VR Expected, Analysts See Augmented Reality And AI As Major Focus

OneStream shares are trading higher after BMO Capital initiated coverage on the stock with an Outperform rating and announced a $38 price target.

Macro Notification

General

Bank Of America CEO Brian Moynihan Says US Fed Rate Cut Is A Good Start

MNSO

MINISO Group shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform.

Cabot Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbt#NYSE">CBT</a>) recently announced that the U.S. Department of Energy&#39;s (&quot;DOE&quot;) Office of Manufacturing and Energy Supply Chains has selected it for an award negotiation for up to $50 million. This award, which is part of the Bipartisan Infrastructure Law, will help Cabot develop a new manufacturing facility in the United States to make battery-grade carbon nanotubes (CNTs) and conductive additive dispersions on a commercial scale.
These minerals are crucial to the domestic lithium-ion battery supply chain for electric cars (EVs) and the electrical grid, reducing reliance on imports. The DOE funding will cover approximately 30% of the project&#39;s entire anticipated investment of $181 million. Cabot intends to revitalize, retrofit and restore a former automotive site in Wayne County, MI, to become the United States&#39; first production facility for battery-grade CNTs and conductive additive dispersions.
Cabot has teamed up with the North American Building Trades Union, the International Chemical Workers Union Council and the Michigan Building and Construction Trades Council to support this project, which is expected to generate hundreds of new construction and full-time manufacturing jobs. This new manufacturing operation will strengthen the domestic supply chain for crucial battery ingredients, lowering dependency on foreign imports.
This investment emphasizes Cabot&#39;s role as a key participant in the energy transition, offering breakthrough material solutions not only in battery technologies but also throughout the energy storage and management ecosystem. Cabot&#39;s contributions go beyond conductive additives, including aerogels for improved thermal management, metal oxides for cathode durability and novel carbons for fuel cell optimization, all of which are critical for the next generation of sustainable energy solutions.
Shares of Cabot have gained 62% in the past year against a 1.4% decline of the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/78742.jpg?v=1030981076" />
Image Source: Zacks Investment Research
CBT anticipates fiscal 2024 adjusted earnings per share of $7.00 to $7.10. This range represents a 30 cents increase at the midpoint, driven by the company&#39;s expectations for improved results in the Performance Chemicals segment due to higher demand and a more favorable product mix compared to the first half of the year, as well as continued strong results in the Reinforcement Materials unit.
<div class="chart_embed">
<h3>Cabot Corporation Price and Consensus</h3>
<h2><img alt="Cabot Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/99/1727087188.png" style="height:265px; width:583px" title="" /></h2>
Cabot Corporation price-consensus-chart | Cabot Corporation Quote
</div>
<h2>Zacks Rank &amp; Key Picks</h2>
CBT currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>).
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 111.7% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71.6% in the past year.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #2 (Buy) stock, has rallied around 99.1% in the past year.
<a href="https://www.zacks.com/stock/news/2339654/cabot-chosen-for-50m-award-negotiation-to-aid-battery-supply-chain?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2339654">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Mid Cap

HWKN

Cabot Chosen for $50M Award Negotiation to Aid Battery Supply Chain

Whales with a lot of money to spend have taken a noticeably bullish stance on Astera Labs.
Looking at options history for Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $200,701 and 12, calls, for a total amount of $663,270.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $70.0 for Astera Labs over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Astera Labs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Astera Labs's significant trades, within a strike price range of $35.0 to $70.0, over the past month.
<h3>Astera Labs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727115353_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>ALAB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$50.00</td>
<td>$108.0K</td>
<td style="text-align: right;">117</td>
<td style="text-align: right;">266</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$5.0</td>
<td>$52.50</td>
<td>$93.0K</td>
<td style="text-align: right;">443</td>
<td style="text-align: right;">972</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.2</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$52.50</td>
<td>$87.0K</td>
<td style="text-align: right;">443</td>
<td style="text-align: right;">786</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.1</td>
<td>$4.9</td>
<td>$5.0</td>
<td>$52.50</td>
<td>$74.5K</td>
<td style="text-align: right;">443</td>
<td style="text-align: right;">445</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$24.5</td>
<td>$23.2</td>
<td>$23.2</td>
<td>$35.00</td>
<td>$71.9K</td>
<td style="text-align: right;">149</td>
<td style="text-align: right;">31</td>
</tr>
</tbody>
</table>

<h3>About Astera Labs</h3>
Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.
After a thorough review of the options trading surrounding Astera Labs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Astera Labs Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,750,919, the ALAB's price is up by 0.48%, now at $50.75. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 32 days.</li>
</ul>
<h3>Professional Analyst Ratings for Astera Labs</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $55.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $55. 
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 Astera Labs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ALAB

This Is What Whales Are Betting On Astera Labs

Financial giants have made a conspicuous bearish move on Lumen Technologies. Our analysis of options history for Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) revealed 13 unusual trades.
Delving into the details, we found 23% of traders were bullish, while 69% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $304,011, and 8 were calls, valued at $1,042,934.
<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 $1.0 and $10.0 for Lumen Technologies, spanning the last three months.
<h3>Volume &amp; Open Interest Development</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 Lumen Technologies'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 Lumen Technologies's whale activity within a strike price range from $1.0 to $10.0 in the last 30 days. 
<h3>Lumen Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727115348_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.75</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$7.00</td>
<td>$170.2K</td>
<td style="text-align: right;">709</td>
<td>5.0K</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.75</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$7.00</td>
<td>$170.0K</td>
<td style="text-align: right;">709</td>
<td>2.0K</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.75</td>
<td>$1.69</td>
<td>$1.7</td>
<td>$7.00</td>
<td>$170.0K</td>
<td style="text-align: right;">709</td>
<td>1.0K</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.75</td>
<td>$1.69</td>
<td>$1.69</td>
<td>$7.00</td>
<td>$169.0K</td>
<td style="text-align: right;">709</td>
<td>5.0K</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.75</td>
<td>$1.68</td>
<td>$1.68</td>
<td>$7.00</td>
<td>$167.6K</td>
<td style="text-align: right;">709</td>
<td>3.0K</td>
</tr>
</tbody>
</table>

<h3>About Lumen Technologies</h3>
With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.
Having examined the options trading patterns of Lumen Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Lumen Technologies's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 9,235,524, the LUMN's price is up by 5.86%, now at $7.05. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Lumen Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

LUMN

Spotlight on Lumen Technologies: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MS, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Morgan Stanley.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $115,490, and 6 are calls, for a total amount of $341,396.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $109.0 for Morgan Stanley over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Morgan Stanley'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 Morgan Stanley's whale trades within a strike price range from $85.0 to $109.0 in the last 30 days. 
<h3>Morgan Stanley 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727115343_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.19</td>
<td>$1.06</td>
<td>$1.16</td>
<td>$107.00</td>
<td>$105.3K</td>
<td>0</td>
<td>1.0K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.2</td>
<td>$1.17</td>
<td>$1.17</td>
<td>$107.00</td>
<td>$81.9K</td>
<td>0</td>
<td>2.5K</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$3.35</td>
<td>$3.15</td>
<td>$3.35</td>
<td>$85.00</td>
<td>$81.7K</td>
<td>235</td>
<td>264</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.2</td>
<td>$1.18</td>
<td>$1.18</td>
<td>$107.00</td>
<td>$52.6K</td>
<td>0</td>
<td>3.0K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$1.1</td>
<td>$1.08</td>
<td>$1.08</td>
<td>$102.00</td>
<td>$41.9K</td>
<td>1.9K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Morgan Stanley</h3>
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments with approximately 45% of net revenue from its institutional securities business, 45% from wealth management, and 10% from investment management. About 30% of its total revenue is from outside the Americas. The company had over $5 trillion of client assets as well as around 80,000 employees at the end of 2023.
Following our analysis of the options activities associated with Morgan Stanley, we pivot to a closer look at the company's own performance.
<h3>Current Position of Morgan Stanley</h3>
<ul>
<li>Currently trading with a volume of 1,573,290, the MS's price is down by -0.42%, now at $102.04. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Morgan Stanley</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $105.0.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $105. 
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 Morgan Stanley with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Morgan Stanley's Options Market Dynamics

Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares are experiencing a decline Monday after reports surfaced about the company&#8217;s interest in acquiring Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). Here&#8217;s <a href="https://www.benzinga.com/m-a/24/09/40983591/qualcomm-takeover-of-intel-is-logically-unlikely-in-face-of-regulatory-challenges-analyst-says">what you need to know</a>.
What To Know: The news highlights Qualcomm&#8217;s potential strategic move to bolster its product line and diversify its business through a multi-billion dollar acquisition of Intel. At the same time, Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) has proposed a significant investment in Intel.
The Qualcomm-Intel deal, if it materializes, would mark one of the largest mergers in the semiconductor industry, potentially surpassing Microsoft&#8217;s $69 billion acquisition of Activision Blizzard. However, analysts have raised concerns about the financial and regulatory hurdles Qualcomm could face.
Recap:
<ol>
<li>Qualcomm&#8217;s Potential Acquisition of Intel: Reports indicate that Qualcomm, led by CEO Cristiano Amon, is considering acquiring Intel as part of its broader efforts to diversify. The deal would involve merging two of the world's major chipmakers, impacting sectors such as smartphones, PCs and servers. However, industry analysts believe that Qualcomm will face significant antitrust scrutiny, especially given the size and scale of both companies. </li>
<li>Apollo Global's $5 Billion Investment Offer: Separately, Apollo Global Management has proposed a $5 billion investment in Intel. Apollo and Intel already have a working relationship after Apollo's $11 billion deal earlier this year to acquire a stake in an Intel venture in Ireland. </li>
<li>Intel's Struggles and Recent Developments: Intel has been facing one of its most challenging periods in decades, with its market value dropping below $100 billion. The company reported dismal second-quarter earnings, which saw an 84% drop compared to the previous year. </li>
</ol>
QCOM Price Action: Qualcomm&#8217;s shares dropped by 1.37%, currently trading at $166.61 according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23134819/QCOM-1024x545.png" alt="" class="wp-image-561675" style="width:519px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23134819/QCOM-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23134819/QCOM-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23134819/QCOM-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23134819/QCOM.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40987452/assembly-biosciences-investigational-herpes-treatment-shows-antiviral-efficacy-safety-in-healthy-">Assembly Biosciences&#8217; Investigational Herpes Treatment Shows Antiviral Efficacy, Safety In Healthy Participants</a></li>
</ul>
Image Via Shutterstock.

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