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Autoscope Technologies - Government Trades

Autoscope Technologies

Autoscope Technologies Corp is engaged in improving safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications, and solutions. It provides Intelligent Transportation Systems professionals precise and accurate information, including real-time reaction capabilities and in-depth analytics to make confident and proactive decisions.

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Autoscope Technologies Corporation - Common Stock

AATC

Autoscope Technologies Corporation (OTC: AATC) delivered solid financial results in the second quarter of 2024, underscored by steady revenue growth and notable gains in profitability.

Autoscope Reports Y/Y Earnings &amp; Revenue Growth in Q2

AUTOSCOPE TECHS CORP by Autoscope Technologies Corporation

Autoscope Technologies Corp

WIIM

Celestica shares are trading lower after UBS initiated coverage on the stock with a Neutral rating and announced a price target of $95.

Best Buy shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $111 to $117.

DOCU

DocuSign shares are trading higher after JMP Securities maintained a Market Outperform rating on the stock and raised its price target from $84 to $108.

CRNC

Cerence shares are trading higher after Craig-Halum maintained a Hold rating on the stock and raised its price target from $3.5 to $6.

ALLY

Ally Financial shares are trading higher after the company announced it's assessing the potential sale of its credit card business.

ONON

ON Holding shares are trading higher after Needham initiated coverage on the stock with a Buy rating and announced a price target of $64.

BJ's Wholesale Club shares are trading higher after TD Cowen and Morgan Stanley raised their respective price targets on the stock.

Cboe Global Markets Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has announced plans to introduce the first-ever <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071163/blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-hours-seems-very-bullish-says-analyst">cash-settled index options</a> tied to Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot price.
What Happened: These new financial instruments are <a href="https://ir.cboe.com/news/news-details/2024/Cboe-to-Launch-the-First-Cash-Settled-Options-Product-Related-to-Spot-Bitcoin-Beginning-Monday-December-2/default.aspx">scheduled</a> for launch on Dec. 2 and will be based on the Cboe Bitcoin U.S. ETF Index, which tracks a selection of <a href="https://www.benzinga.com/topic/spot-bitcoin-etf">spot Bitcoin exchange-traded funds (ETFs)</a> listed in the United States.
The move is part of a broader trend of integrating cryptocurrency-related securities into traditional financial markets.
This announcement comes shortly after Nasdaq began listing <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42058823/blackrocks-spot-bitcoin-etf-to-open-for-options-trading-heres-why-it-could-be-a-big-deal-for-bitcoin">spot Bitcoin ETF options</a> earlier this week, enabling U.S. investors to use derivatives to speculate on Bitcoin&#8217;s price movements or hedge their existing positions.
Cboe's initiative adds to the growing suite of crypto-related trading products available in the regulated U.S. market.
Historically, the majority of crypto derivatives trading, such as options and futures, has taken place on offshore platforms due to restrictive U.S. regulations. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum</a>
Binance and Deribit, both headquartered outside the U.S., have been the dominant players in this space, offering leveraged trading to their users.
However, the increasing appetite for crypto derivatives in the U.S., coupled with President-elect Donald Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">pro-crypto stance</a>, is driving U.S.-based marketplaces to expand their offerings.
Why It Matters: This shift has allowed institutional and retail investors to access new tools for managing risk and amplifying returns.
CME Group, which already offers Bitcoin futures, has reported a significant increase in open interest, reflecting heightened activity from institutional investors. 
This growth has begun to erode Binance's market share. 
Additionally, over-the-counter options trading has emerged as a popular strategy among U.S. institutions seeking to hedge their crypto positions or implement more complex trading strategies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy Trading At &#8216;Insane&#8217; 256% Premium To Bitcoin Holdings, Research Shows</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

CBOE

Cboe To Launch Cash-Settled Bitcoin Index Options

In a recent interview, NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang shared his thoughts on the company's focus on supply as demand remains "incredible," a development that was a big topic in the company's <a href="https://www.benzinga.com/24/11/42099904/nvidia-q3-earnings-highlights">recent financial results.</a>
What Happened: Although Nvidia stock has dipped since its third-quarter results, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42119226/nvidia-analysts-see-stock-best-positioned-in-ai-not-worried-about-guidance-all-systems-go-for-blackwell-ramp">analysts remain unfazed</a>, pointing to surging demand for Blackwell chips.
During an appearance on Fox Business Network's "The Claman Countdown," Huang was asked about the problem many CEOs would love to have of demand being greater than supply.
"Hopper and Blackwell are two just magnificent computing systems," Huang <a href="https://www.foxbusiness.com/video/6365013367112">said</a>.
Huang said demand is strong for data centers to get their hands on Blackwell chips.
"We're going to go from zero billion dollars of Blackwell to many billions of dollars of Blackwell. And so, it's going to be an incredible thing. But the demand is just incredible."
During the interview, Huang was asked about the large number of customers and big-name customers who have placed orders and the process for determining which customers get their Blackwell chips first.
"We try to be fair with everyone so that they can all get their AI infrastructure up and running. We also make sure that their infrastructure is ready. And so, between us and them, there's no sense shipping computers if the data center and the power and the readiness of the system is not there," Huang said.
Huang highlighted Alphabet, Dell and CoreWeave as companies who have expressed their optimism. "Everybody's really proud of the system they've stood up and we're all just racing to get there."
Huang said Nvidia does pricing "based on the value delivered."
"In a lot of ways, it's kind of like generating electricity in the last industrial revolution, and there are all this machinery, these large machinery called A.C. generators, and they produce electricity. We're now producing this miracle called artificial intelligence."
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
What's Next: Huang said the company is "in good shape" and confident in its Blackwell production ramp.
"Our demand is greater than our supply. And so, we need to get more out," Huang said.
Huang said Nvidia is working with thousands of AI native companies and it's hard to have infrastructure available for all of them.
"We're working super hard to get there as fast as we can, which is the reason why we're ramping Blackwell so hard."
Nvidia's success comes largely in the United States, Huang added. The CEO sees an opportunity to continue to expand to other countries.
"Over time and very quickly, whether it's in the west or in the east, we're going to see just about every single country jumping onto this A.I. revolution, this age of A.I."
Huang brushed off concerns that AI will take over the world and take all the jobs.
"AI can do a lot of tasks, but they can't do 100% of our jobs. That's the big idea."
Huang said AI is going to revolutionize and transform jobs and it's important that people learn how to use AI.
"What is very likely is that AI will do 20, 30, 40% of 100% of the jobs in the world."
NVDA Price Action: Nvidia stock is down 3% to $142.10 on Friday versus a 52-week trading range of $45.01 to $152.89. Nvidia stock is up 195% year-to-date, but has fallen 1% over the last month.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41888032/nvidia-ceo-jensen-huang-said-nvidia-has-no-long-term-strategy-how-this-philosophy-is-similar-to-his-reason-to-not-wear-a-watch">Nvidia CEO Jensen Huang Doesn&#8217;t Wear A Watch After A Gardner Taught Him The Secret Of Time</a></li>
</ul>
Image created with photos from Nivida and Shutterstock.

NVDA

Nvidia CEO Jensen Huang Calls AI A 'Miracle,' Say It 'Can't Do 100% Of Our Jobs'

Financial giants have made a conspicuous bullish move on Alphabet. Our analysis of options history for Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) revealed 45 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,256,958, and 30 were calls, valued at $1,436,733.
<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 $110.0 and $300.0 for Alphabet, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Alphabet's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alphabet's substantial trades, within a strike price spectrum from $110.0 to $300.0 over the preceding 30 days.
<h3>Alphabet Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302090_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$4.85</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$130.00</td>
<td>$305.5K</td>
<td>591</td>
<td align="right">662</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$24.0</td>
<td>$23.95</td>
<td>$24.0</td>
<td>$185.00</td>
<td>$144.0K</td>
<td>1.0K</td>
<td align="right">60</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$41.9</td>
<td>$41.85</td>
<td>$41.85</td>
<td>$130.00</td>
<td>$125.5K</td>
<td>1.1K</td>
<td align="right">30</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.0</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$160.00</td>
<td>$115.3K</td>
<td>3.3K</td>
<td align="right">318</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$200.00</td>
<td>$108.5K</td>
<td>4.3K</td>
<td align="right">431</td>
</tr>
</tbody>
</table>

<h3>About Alphabet</h3>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
After a thorough review of the options trading surrounding Alphabet, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Alphabet</h3>
<ul>
<li>With a volume of 23,824,736, the price of GOOGL is down -1.64% at $164.88. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 67 days.</li>
</ul>
<h3>What The Experts Say On Alphabet</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $202.8.
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; Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Alphabet with a target price of $185. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Alphabet, maintaining a target price of $187. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Alphabet, targeting a price of $215. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $210. 
&#x2A; Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $217.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Alphabet, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

GOOGL

Spotlight on Alphabet: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WBD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Warner Bros. Discovery. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 7 are puts, totaling $506,409, and 3 are calls, amounting to $88,160.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $7.5 to $16.0 for Warner Bros. Discovery over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Warner Bros. Discovery's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Warner Bros. Discovery's substantial trades, within a strike price spectrum from $7.5 to $16.0 over the preceding 30 days.
<h3>Warner Bros. Discovery Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302085_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WBD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$5.6</td>
<td>$5.45</td>
<td>$5.45</td>
<td>$15.00</td>
<td>$163.4K</td>
<td align="right">2</td>
<td>300</td>
</tr>
<tr>
<td>WBD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$3.45</td>
<td>$3.3</td>
<td>$3.44</td>
<td>$12.00</td>
<td>$102.5K</td>
<td align="right">342</td>
<td>2</td>
</tr>
<tr>
<td>WBD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.46</td>
<td>$1.45</td>
<td>$1.45</td>
<td>$11.00</td>
<td>$68.4K</td>
<td align="right">987</td>
<td>1.0K</td>
</tr>
<tr>
<td>WBD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.77</td>
<td>$16.00</td>
<td>$57.5K</td>
<td align="right">0</td>
<td>100</td>
</tr>
<tr>
<td>WBD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.46</td>
<td>$1.46</td>
<td>$1.46</td>
<td>$11.00</td>
<td>$39.4K</td>
<td align="right">987</td>
<td>270</td>
</tr>
</tbody>
</table>

<h3>About Warner Bros. Discovery</h3>
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. It operates in three global business segments: studios, networks, and direct-to-consumer. Warner Bros. Pictures is the crown jewel of the studios business, producing, distributing, and licensing movies and television shows. The networks business consists of basic cable networks, such as CNN, TNT, TBS, Discovery, HGTV, and the Food Network. Direct-to-consumer includes HBO and the firm's streaming platforms, which have now been consolidated to Max and Discovery+. Much of the DTC content is created within the firm's other two business segments. Each segment operates with a global reach, with Max available in over 60 countries.
In light of the recent options history for Warner Bros. Discovery, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Warner Bros. Discovery</h3>
<ul>
<li>Trading volume stands at 15,487,489, with WBD's price down by -0.24%, positioned at $10.21.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 91 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>.
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 Warner Bros. Discovery options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Warner Bros. Discovery's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on Block.
Looking at options history for Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) we detected 24 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 29% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $363,900 and 22, calls, for a total amount of $1,466,502.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $125.0 for Block over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Block'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 Block's whale activity within a strike price range from $42.5 to $125.0 in the last 30 days. 
<h3>Block Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302079_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.2</td>
<td>$3.05</td>
<td>$3.13</td>
<td>$90.00</td>
<td>$314.4K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$97.50</td>
<td>$241.0K</td>
<td>3.0K</td>
<td>507</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$23.1</td>
<td>$23.0</td>
<td>$23.1</td>
<td>$80.00</td>
<td>$154.7K</td>
<td>23</td>
<td>71</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$50.3</td>
<td>$49.95</td>
<td>$49.95</td>
<td>$42.50</td>
<td>$109.8K</td>
<td>254</td>
<td>22</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.6</td>
<td>$2.47</td>
<td>$2.58</td>
<td>$100.00</td>
<td>$103.7K</td>
<td>12.2K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Block</h3>
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.
<h3>Where Is Block Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 4,449,254, the SQ's price is up by 1.14%, now at $93.76. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 90 days.</li>
</ul>
<h3>Professional Analyst Ratings for Block</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $92.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Market Perform rating on Block with a target price of $80. 
&#x2A; An analyst from Piper Sandler downgraded its action to Overweight with a price target of $83. 
&#x2A; An analyst from Needham has decided to maintain their Buy rating on Block, which currently sits at a price target of $90. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for Block, targeting a price of $120. 
&#x2A; An analyst from Exane BNP Paribas has revised its rating downward to Neutral, adjusting the price target to $88. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Block, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Block's Options Market Dynamics

<a href="https://www.cnn.com/2024/11/22/politics/kelly-loeffler-trump-agriculture-department?cid=ios_app" title="https://www.cnn.com/2024/11/22/politics/kelly-loeffler-trump-agriculture-department?cid=ios_app">https://www.cnn.com/2024/11/22/politics/kelly-loeffler-trump-agriculture-department?cid=ios_app</a>

Politics

General

Bakkt Holdings, Inc. Class A Common Stock

BKKT

Watching Shares Of Bakkt; CNN Reporting President-elect Trump Is Expected To Offer Kelly Loeffler, Former Bakkt CEO, The Job Of Secretary Of The Department Of Agriculture

Sonic Automotive shares are trading higher after Seaport Global upgraded the stock from Neutral to Buy and announced a price target of $74.

Connexa Sports Technologies Inc. - Common Stock

YYAI

Connexa Sports Technologies shares are trading lower. The company announced that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management.

CAAP

Corporacion America Airports shares are trading higher. The stock may be moving on continued strength following a Q3 revenue beat reported after hours on Wednesday.

NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) reported better-than-expected second-quarter results on Thursday.
NetApp reported quarterly earnings of $1.87 per share, which beat the analyst consensus estimate of $1.78. Quarterly revenue came in at $1.65 billion, which beat the analyst consensus estimate of $1.64 billion and is an increase over revenue of $1.56 billion from the same period last year.
"Our strong Q2 performance was driven by another record-breaking quarter in all-flash storage and strong performance in first party and marketplace cloud storage services," said George Kurian, CEO of NetApp. "Broad-based customer preference for our intelligent data infrastructure platform and visionary approach for a data-driven future has enabled us to outgrow the market and take share from competitors. Our focus and momentum fuel my confidence in our ability to deliver outstanding results for customers and shareholders."
The company said it sees FY25 revenue of $6.54 billion to $6.74 billion and GAAP earnings of $5.48 to $5.68 per share, with non-GAAP EPS of $7.20 to $7.40.
NetApp shares fell 3.3% to trade at $122.46 on Friday.
These analysts made changes to their price targets on NetApp following earnings announcement.
<ul>
<li>B of A Securities analyst Wamsi Mohan maintained NetApp with an Underperform and raised the price target from $115 to $121.</li>
<li>Northland Capital Markets analyst Nehal Chokshi maintained NetApp with a Market Perform and raised the price target from $108 to $120.</li>
<li>Morgan Stanley analyst Meta Marshall maintained NetApp with an Equal-Weight and raised the price target from $127 to $132.</li>
<li>Barclays analyst Tim Long maintained NetApp with an Equal-Weight and increased the price target from $119 to $132.</li>
<li>Wells Fargo analyst Aaron Rakers maintained NetApp with an Equal-Weight and raised the price target from $135 to $140.</li>
<li>Stifel analyst Matthew Sheerin maintained the stock with a Buy and raised the price target from $140 to $145.</li>
<li>TD Cowen analyst Karl Ackerman maintained NetApp with a Buy and raised the price target from $145 to $160.</li>
<li>Citigroup analyst Asiya Merchant maintained the stock with a Neutral and raised the price target from $130 to $135.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Price Target

Analyst Ratings

NTAP

NetApp Analysts Raise Their Forecasts After Strong Earnings

ASGN

ASGN shares are trading higher after BMO Capital upgraded the stock from Market Perform to Outperform and raised its price target from $96 to $100.

Cannabis company LEEF Brands, Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LEEEF#OTCQB">LEEEF</a>) completed its 10-for-1 share consolidation of its common shares. The consolidation is now in effect, and the common shares are trading on the Canadian Securities Exchange and the OTCQB on a post-consolidation basis
In connection with the consolidation, the company's ticker symbol on the OTCQB has temporarily changed to LEEED. This adjustment will remain in effect for 21 days following the date of the consolidation, after which the company's ticker symbol on the OTCQB will revert to LEEEF. The company acknowledges any inconvenience this temporary change may cause and appreciates shareholders' understanding during this transition period.
 Read Also: <a href="https://www.benzinga.com/24/11/42118372/nasdaq-traded-cannabis-co-agrify-secures-259m-through-non-brokered-private-placement-ceo-reveals-where-money-would-go">NASDAQ-Traded Cannabis Co. Agrify Secures $25.9M Via Private Placement, Here&#8217;s How They&#8217;ll Spend It</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
To address potential delays resulting from the <a href="https://www.benzinga.com/news/18/11/12720984/canada-post-is-not-on-strike-after-deadline-passes-union-spells-out-its-demands">Canada Post strike</a>, shareholders submitting their letter of transmittal and share certificates (if applicable) are encouraged to deliver these documents directly to Olympia Trust Company, the company's transfer agent, via hand delivery.Once Canada Post resumes normal operations, LEEF will mail the letter of transmittal (available under the company's profile on SEDAR+) to any remaining registered shareholders to facilitate the exchange process.
Concurrent with the consolidation, LEEF Brands <a href="https://www.benzinga.com/markets/cannabis/24/10/41629418/marijuana-company-leef-brands-consolidates-shares-launches-1-8m-private-placement-to-fuel-expans">previously announced</a> a private placement to raise gross proceeds of up to CA$2.5 million through the issuance of up to 10 million units. Each unit will be priced at $0.25 (post-consolidation) and will consist of one common share and one common share purchase warrant.
Earlier this month, the company reported its financial results for the three months ended Sept. 30, 2024, with <a href="https://www.benzinga.com/news/earnings/24/11/41938603/leef-brands-cannabis-co-reports-revenue-growth-higher-operating-expenses-in-q3">revenue of $6.76 million</a> compared to $5.67 million for the same period last year.
<h2 class="wp-block-heading">Price Action</h2>
LEEF Brands shares closed Thursday's market session flat at 16 cents per share.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42122829/cannabinoid-leader-innocan-pharma-reports-174-yoy-revenue-growth">Cannabinoid Leader Innocan Pharma&#8217;s Q3: 174% YoY Revenue Growth</a></li>
</ul>
Photo: Courtesy of Bigc Studio via Shutterstock

Cannabis

LEEEF

LEEF Brands Completes 10:1 Share Consolidation

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-22_07h31_01-scaled.jpg" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">AI Frenzy Shifts</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-ai-frenzy-shift-software-stocks-igv-smh-mc-11222024">click here</a> for an enlarged chart comparing VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>).&nbsp;
Note the following:
<ul>
<li>The Arora Report previously shared with readers that the next stage of AI would benefit software stocks.&nbsp; This is beginning to happen now.&nbsp;&nbsp;</li>
<li>The chart shows software ETF IGV has moved up since the presidential election.&nbsp;&nbsp;</li>
<li>The chart shows that IGV has outperformed semiconductor ETF SMH by about 10% since the election.&nbsp;&nbsp;</li>
<li>The Arora Report algorithms show money is flowing out of semiconductors and into software.</li>
<li>AI allows work processes to be totally reimagined compared to work processes of today.&nbsp; Work processes of today are implemented with legacy software.&nbsp; In The Arora Report analysis, it is an order of magnitude more efficient to use reimagined processes with AI native software.&nbsp;&nbsp;</li>
<li>In The Arora Report analysis, there is a battle brewing among software companies for market share when it comes to AI capabilities.&nbsp; Legacy software companies have existing customers and cash to invest in AI.&nbsp; Legacy software companies are bolting on AI offerings.&nbsp; AI native software companies have an edge technologically.&nbsp; However, they do not have an existing market share.&nbsp; Promising AI native software companies are privately held.&nbsp;&nbsp;</li>
<li>The foregoing tells us that AI will end up decimating some software companies while others will go to new heights.&nbsp;&nbsp;</li>
<li>Investors need to look forward.&nbsp; Right now, most investors who are investing in software companies are looking backwards.&nbsp;&nbsp;</li>
<li>Looking forward to 2030, the best way to capture AI opportunities in software companies is to combine the following three:
<ul>
<li>Profiting from a base position in a software ETF.&nbsp; The Arora Report's software ETF of choice is IGV.&nbsp; As full disclosure, IGV is in The Arora Report's ZYX Allocation Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from individual software company stocks that are evolving and keeping pace with AI developments and retaining and attracting customers.&nbsp; An example is PLTR and as full disclosure, PLTR was recently added to The Arora Report&#8217;s ZYX Buy Core Model Portfolio.&nbsp;&nbsp;</li>
<li>Profiting from shorting software companies whose business models are being hurt by AI.</li>
</ul>
</li>
<li>A judicious combination of the foregoing will produce significantly higher risk adjusted returns, compared to using only one of the three in your investments.&nbsp;&nbsp;</li>
<li>In the early trade, the momo crowd is aggressively buying junk stocks.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">China</h3>
Chinese stocks are ultra cheap.&nbsp; The rally in Chinese stock has stalled after Trump's re-election.&nbsp; Trump wants to impose 60% tariffs on Chinese goods.&nbsp; In the face of Trump's threat, China's 10 year note auction saw strong demand.&nbsp; The pricing was close to the record low yield.&nbsp; This data point indicates that investors believe China will manage just fine with Trump's tariffs.&nbsp;&nbsp;
In The Arora Report analysis, it is important to keep track of such data points. &nbsp;If there are more such data points, it will be time to step into Chinese stocks because they are so cheap.&nbsp;&nbsp;
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).&nbsp;
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is approaching $100K. SEC Chair Gensler has said that he will resign on Trump's inauguration day.&nbsp; Gensler has been anti-bitcoin.&nbsp; Even though Gensler's resignation was expected, as Trump has said he would replace Gensler, buying came into bitcoin on the news.&nbsp;&nbsp;
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.&nbsp;
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

AAPL

AMZN

GOOG

MSFT

TSLA

Opportunities For Investors As AI Frenzy Shifts From Semiconductors To Software

Autoscope Technologies says CFO Hallowell to retire

Autoscope Technologies declares $1.32 dividend

Autoscope Technologies declares $0.13 dividend

Autoscope Technologies GAAP EPS of $0.20, revenue of $2.6M

Autoscope Technologies GAAP EPS of $0.16, revenue of $3.1M

Autoscope Technologies GAAP EPS of $0.28, revenue of $3.77M

Autoscope Technologies raises dividend by 15% to $0.15

Management

Press Releases

Autoscope Technologies Corporation Announces Leadership Transition

Autoscope Technologies Corporation Announces 2024 Annual Meeting of Shareholders

Dividends

Autoscope Technologies Corporation Announces a $1.32 Per Share Special Cash Dividend

BUTLER NATIONAL ENHANCES BOARD TO REINFORCE COMMITMENT TO LONG TERM SHAREHOLDER VALUE

Autoscope Technologies Corporation Announces Dividend

Autoscope Technologies Corporation Announces Financial Results

Autoscope Technologies Corporation Announces Financial Results and Dividend Declaration

Autoscope Analytics: Helping Communities Accelerate Their Path to Vision Zero

Autoscope Technologies Corporation Announces Financial Results and Increases Quarterly Dividends to $0.15 per Share

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