Latest news for Intact Financial (OTC:INFFF) Stock

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

5.20% Non-Cum Red Pfd Registered Shs -A- Series -5-

INTACT FNCL PREF A 5 by Intact Financial Corp.

Intact Financial Corp

Jack Mallers, CEO of payment platform Strike, has made a powerful case for the United States to embrace Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">strategic reserve asset</a>.
What Happened: In an <a href="https://x.com/jackmallers/status/1859608923344421177">interview</a> with CNBC on Thursday, Mallers compared the potential adoption of Bitcoin by the U.S. government to pivotal moments in economic history, including Nixon's departure from the gold standard in 1971.
<h3 class="wp-block-heading">A Vision For Bitcoin As A National Asset</h3>
Mallers argued that Bitcoin's decentralized and transparent nature aligns perfectly with American values such as equal rights and open opportunity. 
He described Bitcoin as &#8220;an asset that was accessible to the people 15 years ago, that the people own. Governments only own 2, 3, 4% of this asset.&#8221;
According to Mallers, embracing Bitcoin is a way for the U.S. to remain <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">competitive and innovative</a>.
"It acts in the best interest of the public. It's pro jobs, it's pro energy, it's pro industry, it's pro growth," he said. 
Highlighting the national debt crisis, Mallers rhetorically asked, &#8220;Does anyone else have a plan to get us out of debt? Are we going to start a lemonade stand out here in Times Square? No. How about the best-performing asset in the history of mankind?&#8221;
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>
<h3 class="wp-block-heading">Missed Opportunities And Future Growth</h3>
Mallers dismissed the notion that people are &#8220;too late&#8221; to invest in Bitcoin, calling it a distraction rooted in comparison to early adopters. 
"People think they're late to Bitcoin. I don't understand that. Late according to who? Over the last 15 years, the best thing you could have done is buy Bitcoin," he said. 
Mallers went on to assert that this would hold true for the &#8220;next 1,500 years.&#8221;
With the U.S. national debt ballooning and global competitors embracing Bitcoin, Mallers emphasized the urgency of acting now. 
"As a country, I think we have a choice. I think the worst thing we can do is not own enough," he warned. 
He urged the U.S. to support its homegrown crypto businesses, saying, "Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) is an American company, Strike is an American company, Kraken is an American company. Let's support these businesses, let's support this industry."
<h3 class="wp-block-heading">Pro-Growth And Pro-Innovation</h3>
Mallers aligned Bitcoin adoption with the values of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">incoming U.S. administration</a>, which he sees as an opportunity to drive growth and innovation.
"As this new administration takes office, we have to make a decision. To de-risk this, we should buy some Bitcoin and push American ideals in technology and innovation through the best-performing asset and technology in mankind," he said.
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 created using artificial intelligence with Midjourney.

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

Cryptocurrency

News

$BTC

COIN

Strike CEO Jack Mallers: 'Bitcoin Is The Best Performing Asset In The History Of Mankind'

Morgan Stanley analyst Stephen Byrd maintains Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Equal-Weight and lowers the price target from $77 to $75.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on Spire, Lowers Price Target to $75

Phillip Securities analyst Yik Ban Chong downgrades NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) from Buy to Accumulate and raises the price target from $155 to $160.

Downgrades

NVDA

Phillip Securities Downgrades NVIDIA to Accumulate, Raises Price Target to $160

CTLT

EU Antitrust Regulators Expected to Approve Novo Holdings' $16.5B Acquisition of Catalent Without Conditions

<a href="https://worldhealthorg.shinyapps.io/mpx_global/" title="https://worldhealthorg.shinyapps.io/mpx_global/">https://worldhealthorg.shinyapps.io/mpx_global/</a>

Biotech

General

AEMD

APDN

CMRX

GOVX

TNXP

VRAX

World Health Organization Says Mpox Continues To Constitute A Public Health Emergency Of International Concern

Rosenblatt analyst Blair Abernethy maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Buy and raises the price target from $120 to $130.

ESTC

Rosenblatt Maintains Buy on Elastic, Raises Price Target to $130

Morgan Stanley analyst Stephen Byrd maintains Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) with a Equal-Weight and lowers the price target from $88 to $85.

Morgan Stanley Maintains Equal-Weight on Southern, Lowers Price Target to $85

WIIM

EMCOR Group shares are trading lower after Goldman Sachs initiated coverage on the stock with a Sell rating and announced a $445 price target.

DECK

Deckers Outdoor shares are trading higher after Needham initiated coverage on the stock with a Buy rating and announced a $218 price target.

Morgan Stanley analyst David Arcaro maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and lowers the price target from $82 to $81.

Morgan Stanley Maintains Equal-Weight on Pinnacle West Capital, Lowers Price Target to $81

Just hours after former Rep. Matt Gaetz (R-Fla.) <a href="https://www.benzinga.com/24/11/42119848/matt-gaetz-withdraws-name-from-ag-nomination-calls-sex-trafficking-controversy-a-distraction">withdrew</a> from consideration for attorney general, President-elect Donald Trump <a href="https://www.benzinga.com/news/24/11/42130207/trump-picks-former-florida-ag-pam-bondi-for-justice-department-after-matt-gaetz-withdraws">announced his new nominee</a>: former Florida Attorney General Pam Bondi. 
The selection shifts the spotlight to Bondi's record, especially her stance on cannabis reform, which contrasts starkly with Gaetz's pro-legalization views.
Despite the <a href="https://www.benzinga.com/news/24/11/42026047/gaetz-nomination-in-peril-due-to-gop-resistance">unsavory allegations</a><a href="https://www.benzinga.com/24/11/42119848/matt-gaetz-withdraws-name-from-ag-nomination-calls-sex-trafficking-controversy-a-distraction"> </a>against Gaetz's personal behavior, he&#8217;s been an <a href="https://www.benzinga.com/markets/cannabis/23/07/33127611/rep-matt-gaetz-wants-to-end-cannabis-testing-for-us-military-citing-recruitment-crisis">advocate for cannabis reform</a> and was expected to adopt a lenient approach toward legalization if appointed. In contrast, Bondi had a tougher stance on medical marijuana during her tenure as Florida's Attorney General (2011-2019).
<h1 class="wp-block-heading">Bondi While Florida&#8217;s AG</h1>
For example, in 2013, Bondi&#8217;s office <a href="https://www.huffpost.com/entry/florida-medical-marijuana_n_4159849">filed a 57-page challenge</a> to the proposed ballot initiative that was seeking to put medical marijuana (MMJ) on the ballot the following year. Once medical marijuana was approved, she defended state laws restricting cannabis use, including a ban on publicly smoking it. Bondi argued at the time that the ban was justified due to concerns over secondhand smoke exposure. 
A state judge later ruled the ban to be inconsistent with Florida's constitutional amendment that legalized medical cannabis in 2014. The restriction was eventually overturned under Gov. Ron DeSantis who <a href="https://www.benzinga.com/markets/cannabis/24/06/39346531/desantis-cant-get-past-the-odor-of-weed-to-smell-the-flowers-specifically-430m-annually-in-canna">went on the warpath</a> against smoking in public.
Read Also: <a href="https://www.benzinga.com/24/11/42125955/cannabis-stocks-feel-the-burn-as-gaetz-bows-out-msos-in-focus">Cannabis Stocks Feel The Burn: Matt Gaetz Bows Out As Trump&#8217;s Attorney General Nominee</a>
<h1 class="wp-block-heading">Trump's Drug Addiction Commission</h1>
Bondi's role on Trump's Commission on Combating Drug Addiction and the Opioid Crisis during his first term in the White House could further complicate her position on cannabis. 
The commission, which was chaired by former New Jersey Gov. <a href="https://www.benzinga.com/topic/chris-christie">Chris Christie</a>, was skeptical about cannabis as a treatment for chronic pain or opioid addiction, citing studies suggesting a potential link between marijuana use and opioid abuse. Authoritative <a href="https://www.benzinga.com/markets/cannabis/24/01/36578723/huge-study-reveals-cannabis-provides-similar-pain-relief-benefits-as-opioids-without-negative-co">studies</a> have since shown the contrary to be the case.
Though Bondi's track record has raised concerns among some cannabis reform advocates, industry leader Kim Rivers, CEO of Trulieve Cannabis Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), described Bondi on X as "straightforward and very fair," <a href="https://www.marijuanamoment.net/trumps-new-attorney-general-pick-opposed-legalizing-medical-marijuana-in-florida/">reported</a> Marijuana Moment.
"She is passionate about ending the opioid crisis and did great work shutting down pill mills in Florida. She is an advocate for safe, regulated markets and I believe she will bring the same energy to end the fentanyl issues our country is facing," Rivers said.
Now Read:<a href="https://www.benzinga.com/general/health-care/24/11/42138055/kentucky-gov-beshear-go-online-and-find-your-medical-marijuana-practitioner-on-dec-1"> </a> • <a href="https://www.benzinga.com/general/health-care/24/11/42138055/kentucky-gov-beshear-go-online-and-find-your-medical-marijuana-practitioner-on-dec-1">Kentucky Gov. Beshear: &#8216;Go Online And Find&#8217; Your Medical Marijuana Practitioner On Dec. 1</a>
Photo: Shutterstock

Cannabis

Government

Politics

Legal

TCNNF

Trump's Pick for Attorney General Is No Matt Gaetz When It Comes To Cannabis Reform

Morgan Stanley analyst David Arcaro maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Overweight and lowers the price target from $95 to $94.

Morgan Stanley Maintains Overweight on NextEra Energy, Lowers Price Target to $94

Morgan Stanley analyst David Arcaro maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Overweight and lowers the price target from $52 to $50.

Morgan Stanley Maintains Overweight on FirstEnergy, Lowers Price Target to $50

Macquarie analyst Tim Nollen maintains Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Outperform and raises the price target from $133 to $150.

Macquarie Maintains Outperform on Trade Desk, Raises Price Target to $150

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$43.3K</td>
<td>11.1K</td>
<td>5.5K</td>
</tr>
<tr>
<td>FLNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$25.00</td>
<td>$119.7K</td>
<td>455</td>
<td>2.5K</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.00</td>
<td>$40.3K</td>
<td>3.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$97.00</td>
<td>$28.3K</td>
<td>75</td>
<td>220</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$180.00</td>
<td>$31.5K</td>
<td>4.7K</td>
<td>143</td>
</tr>
<tr>
<td>MLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$75.00</td>
<td>$42.9K</td>
<td>1</td>
<td>114</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$110.00</td>
<td>$25.2K</td>
<td>3.6K</td>
<td>37</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$180.00</td>
<td>$36.0K</td>
<td>1.6K</td>
<td>20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding BE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>), we observe a call option sweep with bullish sentiment. It expires in 56 day(s) on January 17, 2025. Parties traded 321 contract(s) at a $30.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $135.0 per contract. There were 11133 open contracts at this strike prior to today, and today 5534 contract(s) were bought and sold. 
• For FLNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>), we notice a call option sweep that happens to be bullish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 970 contract(s) at a $25.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $119.7K, with a price of $125.0 per contract. There were 455 open contracts at this strike prior to today, and today 2537 contract(s) were bought and sold. 
• For ACHR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 800 contract(s) at a $7.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $50.0 per contract. There were 3584 open contracts at this strike prior to today, and today 2241 contract(s) were bought and sold. 
• Regarding UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on November 29, 2024. Parties traded 100 contract(s) at a $97.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $285.0 per contract. There were 75 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a call option trade with bullish sentiment. It expires in 28 day(s) on December 20, 2024. Parties traded 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $31.5K, with a price of $630.0 per contract. There were 4769 open contracts at this strike prior to today, and today 143 contract(s) were bought and sold. 
• Regarding MLR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>), we observe a call option sweep with bearish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 113 contract(s) at a $75.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $380.0 per contract. There were 1 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold. 
• Regarding RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we observe a call option trade with bullish sentiment. It expires in 56 day(s) on January 17, 2025. Parties traded 20 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $1260.0 per contract. There were 3660 open contracts at this strike prior to today, and today 37 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option trade that happens to be bullish, expiring in 420 day(s) on January 16, 2026. This event was a transfer of 9 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $4010.0 per contract. There were 1692 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ACHR

FLNC

8 Industrials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$350.00</td>
<td>$29.7K</td>
<td>23.6K</td>
<td>117.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$202.50</td>
<td>$53.1K</td>
<td>17.7K</td>
<td>16.6K</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$135.00</td>
<td>$76.3K</td>
<td>3.4K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MBLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$55.2K</td>
<td>1.8K</td>
<td>371</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.00</td>
<td>$27.6K</td>
<td>4.2K</td>
<td>311</td>
</tr>
<tr>
<td>HD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$420.00</td>
<td>$32.4K</td>
<td>635</td>
<td>68</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$302.5K</td>
<td>6</td>
<td>50</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$4900.00</td>
<td>$37.0K</td>
<td>1.1K</td>
<td>13</td>
</tr>
<tr>
<td>WSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$180.00</td>
<td>$25.1K</td>
<td>14</td>
<td>12</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 67 contract(s) at a $350.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $434.0 per contract. There were 23682 open contracts at this strike prior to today, and today 117162 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on November 29, 2024. Parties traded 443 contract(s) at a $202.50 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $53.1K, with a price of $120.0 per contract. There were 17717 open contracts at this strike prior to today, and today 16635 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 270 contract(s) at a $135.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $76.3K, with a price of $283.0 per contract. There were 3443 open contracts at this strike prior to today, and today 2477 contract(s) were bought and sold. 
• For MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we notice a call option sweep that happens to be bearish, expiring in 420 day(s) on January 16, 2026. This event was a transfer of 97 contract(s) at a $20.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $55.2K, with a price of $570.0 per contract. There were 1864 open contracts at this strike prior to today, and today 371 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option sweep with bearish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 150 contract(s) at a $10.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $185.0 per contract. There were 4230 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• Regarding HD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>), we observe a call option trade with bullish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 15 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $2160.0 per contract. There were 635 open contracts at this strike prior to today, and today 68 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option trade with bearish sentiment. It expires in 420 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $302.5K, with a price of $6050.0 per contract. There were 6 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a call option trade with neutral sentiment. It expires in 56 day(s) on January 17, 2025. Parties traded 1 contract(s) at a $4900.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $37000.0 per contract. There were 1111 open contracts at this strike prior to today, and today 13 contract(s) were bought and sold. 
• For WSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), we notice a put option trade that happens to be bearish, expiring in 175 day(s) on May 16, 2025. This event was a transfer of 11 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $25.1K, with a price of $2290.0 per contract. There were 14 open contracts at this strike prior to today, and today 12 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABNB

AMZN

BKNG

CROX

MBLY

RIVN

TSLA

9 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$143.00</td>
<td>$32.0K</td>
<td>22.8K</td>
<td>82.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$230.00</td>
<td>$26.0K</td>
<td>26.6K</td>
<td>68.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$65.00</td>
<td>$41.5K</td>
<td>14.6K</td>
<td>23.9K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$25.00</td>
<td>$65.8K</td>
<td>7.1K</td>
<td>14.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$56.1K</td>
<td>2.0K</td>
<td>5.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$198.6K</td>
<td>10.7K</td>
<td>2.6K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$34.7K</td>
<td>2.4K</td>
<td>2.1K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$175.00</td>
<td>$28.9K</td>
<td>409</td>
<td>2.0K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$65.00</td>
<td>$69.1K</td>
<td>1.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$175.00</td>
<td>$27.8K</td>
<td>216</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 199 contract(s) at a $143.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $161.0 per contract. There were 22845 open contracts at this strike prior to today, and today 82337 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 1000 contract(s) at a $230.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $26.0 per contract. There were 26615 open contracts at this strike prior to today, and today 68672 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 29, 2024. This event was a transfer of 250 contract(s) at a $65.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $165.0 per contract. There were 14656 open contracts at this strike prior to today, and today 23910 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on November 29, 2024. This event was a transfer of 305 contract(s) at a $25.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $65.8K, with a price of $216.0 per contract. There were 7138 open contracts at this strike prior to today, and today 14100 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bearish sentiment. It expires in 119 day(s) on March 21, 2025. Parties traded 12 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $56.1K, with a price of $4680.0 per contract. There were 2033 open contracts at this strike prior to today, and today 5574 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option sweep with bearish sentiment. It expires in 420 day(s) on January 16, 2026. Parties traded 358 contract(s) at a $20.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $198.6K, with a price of $555.0 per contract. There were 10718 open contracts at this strike prior to today, and today 2612 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 28 day(s) on December 20, 2024. Parties traded 98 contract(s) at a $160.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $34.7K, with a price of $355.0 per contract. There were 2444 open contracts at this strike prior to today, and today 2173 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 35 day(s) on December 27, 2024. This event was a transfer of 65 contract(s) at a $175.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $444.0 per contract. There were 409 open contracts at this strike prior to today, and today 2067 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be neutral, expiring in 91 day(s) on February 21, 2025. This event was a transfer of 1133 contract(s) at a $65.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $69.1K, with a price of $61.0 per contract. There were 1630 open contracts at this strike prior to today, and today 1146 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on December 20, 2024. This event was a transfer of 26 contract(s) at a $175.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $1070.0 per contract. There were 216 open contracts at this strike prior to today, and today 1118 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

CSCO

DDOG

MARA

MSTR

PLTR

SMCI

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

BofA Securities analyst Robert F. Ohmes maintained an Underperform rating on Best Buy Co, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) <a href="https://www.benzinga.com/quote/BBY/analyst-ratings">with a price target of $80.</a>
Ohmes maintains a cautious stance on Best Buy ahead of its fiscal third-quarter 2025 earnings report, scheduled for November 26. Ohmes projects revenue of $9.62 billion and earnings per share (EPS) of $1.26.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42140725/snap-denies-facilitating-child-exploitation-seeks-dismissal-of-state-lawsuit" rel="noreferrer noopener">Snap Denies Child Exploitation Allegations, Wants Lawsuit Dismissed</a>
Enterprise comparable sales are expected to decline by 1%, slightly improving from the 2.3% drop reported in the fiscal second quarter.
Computing products such as notebooks, tablets, and services are anticipated to offset softness in appliances and home theater segments. However, aggregated credit and debit card data from October suggests that value-conscious consumers may delay purchases in anticipation of holiday sales.
Ohmes foresees limited gross margin expansion in the second half of fiscal 2024 compared to the first half.
Factors contributing to this include a smaller benefit from services and membership offerings following program changes at the end of June, alongside elevated promotional activity in a volatile consumer environment.
Margins are expected to face reduced credit card profit-sharing pressure, which could weigh slightly more on third-quarter results than fourth-quarter.
For 2025, the analyst anticipates fewer opportunities for margin growth, diverging from trends observed over the past two years.
Best Buy&#8217;s selling, general, and administrative (SG&amp;A) expenses are expected to grow year-over-year in the second half of 2024, reversing favorable conditions from the first half.
Increased marketing efforts and expanded store labor dedicated to appliances and home theater departments will drive SG&amp;A growth. Earlier benefits, such as reduced employee expenses and vendor support, are unlikely to repeat in the latter half of the year.
Ohmes retains an Underperform rating on Best Buy, citing headwinds such as a challenging discretionary spending environment, ongoing promotional activity, and competitive pressure from omnichannel retailers like Walmart and Costco Wholesale. These factors may overshadow expected growth in computing and services and potential stabilization in the consumer electronics industry by late 2024.
The analyst&#8217;s 12-month price objective of $80 is based on 12x projected fiscal 2026 EPS, slightly above Best Buy&#8217;s long-term average multiple but below the hardline retail sector average of 16x. While discretionary spending pressures weigh on valuation, sustained demand for consumer electronics and services, driven by remote work and learning trends, provides some downside protection.
Price Action: BBY stock is up 3.62% at $89.65 at last check Friday.
Image via Shutterstock
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