Short interest for QRAFT AI-Enhanced U.S. Large Cap ETF gives investors a sense of the degree to which investors are betting on the decline of QRAFT AI-Enhanced U.S. Large Cap ETF's stock. Short interest data is updated every two weeks.

QRAFT AI-Enhanced U.S. Large Cap ETF (ARCA:QRFT), Short Interest Report

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U.S. Rep. Earl Blumenauer questions FDA oversight of Elon Musk&#39;s Neuralink. Recent reports reveal FDA concerns about quality control at Neuralink&#39;s facilities, raising doubts about human trials. Blumenauer urges FDA action, citing past violations and rushed experiments.

Elon Musk-Backed Brain Chip Implant Neuralink Under Scrutiny Lens Following FDA&#39;s Oversight Regulatory Compliance

AI & The Future: Qraft ETFs Harness AI To Create Better Funds

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Watch the full webinar here.

Artificial Intelligence, or AI, is currently reshaping the global economy. Already the effects of this revolutionary technology are being felt in multiple fields. The future will bring even more change.

AI &amp; The Future: Qraft ETFs Harness AI To Create Better Funds

TCS Invests In AI

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AAPL

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Apple Displaced As Top Holding By AI-Play Big Tech In Robot-Run Large-Cap ETF

QRAFT AI-Enhanced U.S. Large Cap ETF

<a href="https://www.cnbc.com/2024/05/10/climate-protesters-try-to-break-into-tesla-germany-factory-police.html" title="https://www.cnbc.com/2024/05/10/climate-protesters-try-to-break-into-tesla-germany-factory-police.html">https://www.cnbc.com/2024/05/10/climate-protesters-try-to-break-into-tesla-germany-factory-police.html</a>

TSLA

'Climate Protesters Try To Break Into Tesla's Germany Factory, Multiple People Arrested' - CNBC

Warren Buffett-backed Chinese automaker BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has set its sights on becoming the top battery-electric vehicle (BEV) seller in Europe, aiming to surpass Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>).
What Happened: Michael Shu, the European president of BYD, announced the company&#8217;s ambitious plans at the Future of the Car Summit, the Financial Times <a href="https://www.ft.com/content/1fc295bc-74e1-4c87-8022-663c69f89545">reported</a> on Friday. 
Shu revealed that BYD is preparing for a &#8220;huge investment&#8221; in factories, dealerships, and marketing in Europe. The company&#8217;s strategy includes a budget model based on the Seagull, which sells in China for under $10,000. The European variant of this model is expected to cost less than €20,000 ($21,548).
Despite the ongoing investigation by the European Union into potential subsidies used by Chinese automakers to reduce vehicle prices, Shu assured that BYD plans to manufacture its cars &#8220;in Europe for Europe.&#8221; This move could potentially help the company avoid higher tariffs and logistical challenges associated with importing vehicles to Europe.
"To ship cars from China to Europe is not going to be long term. The long term is to produce locally," he said.
See Also: <a href="https://www.benzinga.com/news/24/05/38722260/tesla-drivers-rejoice-elon-musk-says-fsd-nag-on-steering-wheel-is-finally-fixed-and-rolling-out-in-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Drivers Rejoice: Elon Musk Says FSD Nag On Steering Wheel Is Finally Fixed And Rolling Out In Next Update</a>
Why It Matters: Earlier this year, BYD Executive Vice President Stella Li <a href="https://www.benzinga.com/news/24/02/37327343/tesla-a-partner-and-not-competition-says-byd-chinese-firm-not-eyeing-us-market-just-yet">referred to Tesla as a &#8220;partner&#8221; </a>rather than a competitor, stating that there is less than 15% overlap between BYD and Tesla customers. However, BYD&#8217;s latest move indicates a shift in strategy as the company now aims to outperform Tesla and other major automakers in the European market.
Despite a<a href="https://www.benzinga.com/markets/asia/24/04/38028620/tesla-may-be-staring-at-big-q1-sales-miss-but-could-still-reclaim-ev-crown-from-buffett-supported-ch"> 42% drop in overall electric vehicle deliveries</a> in the first quarter of 2024, BYD remains confident in its European strategy. The company&#8217;s market share for battery-electric cars in Western Europe was 1.7% in the first quarter of 2024, according to Schmidt Automotive Research.
BYD, which is backed by Buffett&#8217;s Berkshire Hathaway Inc., <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38697300/why-does-warren-buffetts-bet-on-apple-and-byd-make-more-sense-than-berkshire-throwi">briefly surpassed Tesla last year</a> as the world&#8217;s largest electric vehicle brand. The company is currently constructing a new factory in Hungary and plans to begin scouting locations for a second plant in the upcoming months.
In 2008, Berkshire invested around $230 million in BYD, obtaining 225 million shares and a 20.49% stake in Class H shares. Over time,<a href="https://www.benzinga.com/news/24/02/36904335/warren-buffett-backed-byd-reports-impressive-33-1-yoy-growth-in-january-sales-continues-to-scale-sal" target="_blank" rel="noreferrer noopener"> it has reduced its stake</a> and now holds approximately 87.6 million BYD H Shares, equivalent to a 7.98% stake.
Price Action: On Friday, Tesla&#8217;s shares were trading 0.76% lower at $170.67 while in the OTC, BYDDF was trading at 1.83% higher at $28.95 and BYDDY 1.62% lower at $57.02, according to <a href="https://pro.benzinga.com">Benzinga Pro.</a>
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/05/38683232/mrbeast-is-giving-away-26-tesla-vehicles-for-his-26th-birthday-including-a-cybertruck-heres?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MrBeast Is Giving Away 26 Tesla Vehicles For His 26th Birthday Including A Cybertruck: Here's How You Can Win One</a>
Photo via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
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 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
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Warren Buffett-Backed BYD Aims To Outperform Tesla, VW, Stellantis As Europe's Leading BEV Seller: 'The Long Term Is To Produce Locally;'

Editor&#8217;s Note: We have updated the story with the latest estimates which translate to a revenue beat. The estimates used in the original article were outdated.
Madison Square Garden Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGE#NYSE">MSGE</a>) shares are trading lower after it reported <a href="https://www.benzinga.com/pressreleases/24/05/n38727521/madison-square-garden-entertainment-corp-reports-fiscal-2024-third-quarter-results" target="_blank" rel="noreferrer noopener">third-quarter FY24 results</a>.
Revenue rose 13% Y/Y to $228.3 million, beating the analyst consensus of $227.6 million. 
Revenues from entertainment offerings rose&nbsp;13% Y/Y to $146.2 million,&nbsp;led by higher event-related revenues and revenues subject to the sharing of economics with MSG Sports&nbsp;pursuant to&nbsp;the Arena License Agreements.&nbsp;
Food, beverage, and merchandise revenues increased 14% Y/Y to $45.4 million, aided by&nbsp;a higher number of&nbsp;concerts held at the venues and the impact of five more Knicks home games.
Event-related revenues increased $10.7 million compared to the prior year, aided by an increase in the number of concerts at the venues.
In addition, the&nbsp;company&nbsp;reported an adjusted operating income of $38.5 million, down 23% Y/Y, in the&nbsp;quarter,&nbsp;due to higher selling, general&nbsp;and&nbsp;administrative expenses.&nbsp;
EPS $0.06 missed <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus of $0.11</a>.
As of March-end, cash and equivalents&nbsp;stood&nbsp;at $28.3 million.
Outlook:&nbsp;Madison Square Garden raised the lower end of FY24 sales&nbsp;guidance, revising the range to&nbsp;$940 million-$950 million (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36986416/madison-square-garden-q2-earnings-beats-estimates-on-higher-concerts-live-entertainment-sporting-ev" rel="noreferrer noopener">from&nbsp;$930 million-$950 million</a>) vs.&nbsp;$1.05 billion estimate.
Also, the company increased&nbsp;adjusted&nbsp;operating income outlook to&nbsp;$200 million-$210 million from&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$195 million-$205 million in FY24</a>.
The company remains on track to achieve a low double-digit percentage increase in the number of&nbsp;bookings&nbsp;events in FY24.
Investors can gain exposure to the stock via&nbsp;Zacks Trust Zacks Small/Mid Cap ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMIZ#NYSE">SMIZ</a>).
Price Action:&nbsp;MSGE shares are down 5.44% to $37.71 at&nbsp;the last check Thursday.
Photo via Wikimedia Commons

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MSGE

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Why Is Madison Square Garden Stock Down Thursday? - Updated

Macro Economic Events

Economics

Federal Reserve

Fed's Kashkari Says Low Rates Not Enough By Itself To Bolster Home Supply

Barrington Research analyst Alexander Paris maintains H&amp;R Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) with a Outperform and maintains $55 price target.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on H&R Block, Maintains $55 Price Target

Fed's Kashkari Says U.S. Has Long Term Housing Supply Challenge; Higher Rates Will Lead To Less Housing Supply In Short Term; Fed Has To Get Inflation Down

Sphere Entertainment Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHR#NYSE">SPHR</a>) reported third-quarter FY24 sales growth of 98% year-on-year to $321.3 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38757302/sphere-entertainment-co-reports-fiscal-2024-third-quarter-results" rel="noreferrer noopener">missing the analyst consensus estimate of $324.63 million</a>.
For the third quarter, the Sphere segment reported revenues of&nbsp;$170.4 million, an increase of&nbsp;$169.7 million, as&nbsp;compared to the prior-year quarter.
MSG Networks segment reported total revenues of&nbsp;$151.0 million, down 6% from the prior year quarter.
Direct&nbsp;operating expenses increased to $154.040 million compared to $93.665 million last year. Selling, general&nbsp;and&nbsp;administrative expenses for the quarter were $123.149 million.
The operating loss for the quarter narrowed to $(40.4) million from $(101.9) million a year ago.
Adjusted operating income was $61.5 million versus an adjusted operating loss of&nbsp;$(18.7) million&nbsp;in the prior year quarter.
EPS loss of $(1.33)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst</a>&nbsp;consensus estimate of $(0.12).
Sphere held $693.9 million in cash and equivalents as of March-end. Operating cash flow for nine months totaled $52.7 million.
Price Action: SPHR shares traded lower by 5.10% at $39.08&nbsp;at last check&nbsp;Friday.

SPHR

Sphere Entertainment's Wild Ride: Q3 Sales Soar, Yet Fall Short Of Expectations

<a href="https://www.marijuanamoment.net/dea-appears-to-question-marijuanas-medical-value-despite-rescheduling-recommendation/">https://www.marijuanamoment.net/dea-appears-to-question-marijuanas-medical-value-despite-rescheduling-recommendation/</a>
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'DEA Appears To Question Marijuana's Medical Value Despite Rescheduling Recommendation' - Marijuana Moment

Madison Square Garden (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGE#NYSE">MSGE</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $11. This is a 85.71 percent decrease over earnings of $0.42 per share from the same period last year. The company reported $228.313 million in sales this quarter. This is a 13.46 percent increase over sales of $201.229 million the same period last year.

CORRECTION: Thursday, Madison Square Garden Reported Q3 GAAP EPS $0.06 Missed $0.11 Estimate, Sales $228.313M Beat $227.6M Estimate

Fed's Kashkari Says Current Baseline Is That Strong Productivity Rates Will Moderate

BWS Financial analyst Hamed Khorsand maintains Arlo Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARLO#NYSE">ARLO</a>) with a Buy and maintains $17 price target.

ARLO

BWS Financial Maintains Buy on Arlo Technologies, Maintains $17 Price Target

Wedbush analyst Scott Devitt maintains Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) with a Neutral and lowers the price target from $30 to $21.

TRIP

Wedbush Maintains Neutral on Tripadvisor, Lowers Price Target to $21

Wedbush analyst Taz Koujalgi reiterates Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Outperform and maintains $130 price target.

Reiteration

OKTA

Wedbush Reiterates Outperform on Okta, Maintains $130 Price Target

Roth MKM analyst Matt Koranda maintains FIGS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIGS#NYSE">FIGS</a>) with a Buy and lowers the price target from $7.5 to $6.75.

FIGS

Roth MKM Maintains Buy on FIGS, Lowers Price Target to $6.75

Digital Currency Group (DCG), the investment firm behind <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38728621/spot-bitcoin-etfs-clock-11m-net-inflows-on-wednesday-as-grayscale-shifts-focus-to-spot-eth">industry giant Grayscale</a>, reported a strong first quarter with overall revenue climbing 11% to $229 million.
What Happened: This positive performance comes despite ongoing challenges faced by Grayscale&#8217;s flagship product, the Grayscale Bitcoin Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>), Coindesk <a href="https://www.coindesk.com/business/2024/05/09/grayscale-parent-digital-currency-group-reports-229m-revenue-for-q1/?utm_term=organic&amp;utm_campaign=coindesk_main&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=editorial">reported</a>.
&#8220;The first quarter of 2024 was marked by several exciting developments for our industry,&#8221; DCG said in a letter to shareholders, highlighting the approval of the long-awaited Bitcoin ETF and the surge in Bitcoin prices. &#8220;Against this backdrop, we are pleased to showcase a strong start to the year for DCG.&#8221;
Grayscale Holds Steady Despite Outflows
Grayscale, a subsidiary of DCG, contributed $156 million to the company&#8217;s overall revenue. This figure remained relatively flat compared to the previous quarter, even amidst significant outflows from GBTC. 
The conversion of GBTC into a spot ETF in January opened the door for competition with lower fees, leading some investors to move their holdings elsewhere.
&#8220;While Grayscale expected outflows alongside increased competition under the ETF wrapper, Q1 revenue attributable to GBTC nevertheless exceeded our expectations,&#8221; the company stated.
<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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38756389/bitcoin-spot-etfs-collect-11-29m-net-inflows-on-thursday">Bitcoin Spot ETFs Collect $11.29M Net Inflows On Thursday</a>
The Future Of Grayscale
Other DCG subsidiaries, however, painted a brighter picture. The cryptocurrency mining pool Foundry and the global investment platform Luno reported impressive revenue increases of 35% and 46%, respectively.
The question remains: can Grayscale weather the storm? 
The company acknowledged the need to adjust its fees but has yet to implement those changes. 
To stay competitive, Grayscale has filed for a new Bitcoin ETF with a significantly lower fee structure, but its approval by the SEC is still pending.
Looking Ahead: Benzinga&#8217;s Future Of Digital Assets Event
The future of Grayscale and the broader digital asset industry will undoubtedly be a hot topic at upcoming industry events. 
Benzinga&#8217;s  <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> conference, happening on Nov. 19, is one such platform where key players will gather to discuss the latest trends, regulations, and investment <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38739003/how-much-did-donald-trumps-crypto-portfolio-pump-after-he-said-hes-fine-with-it">opportunities in the crypto space.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38741679/joseph-lubin-accuses-sec-of-stifling-crypto-growth-amid-legal-showdown">Joseph Lubin Accuses SEC Of Stifling Crypto Growth Amid Legal Showdown</a>

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

Cryptocurrency

GBTC

Digital Currency Group Sees Revenue Rise Despite Grayscale Struggles

Financial giants have made a conspicuous bearish move on Shopify. Our analysis of options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,475, and 5 were calls, valued at $487,755.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $100.0 for Shopify during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 1431.71 with a total volume of 1,559.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $35.0 to $100.0 over the last 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715351538_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.5</td>
<td>$7.35</td>
<td>$7.35</td>
<td>$100.00</td>
<td>$288.8K</td>
<td>878</td>
<td style="text-align: right;">107</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.8</td>
<td>$7.7</td>
<td>$7.8</td>
<td>$60.00</td>
<td>$89.7K</td>
<td>970</td>
<td style="text-align: right;">839</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.15</td>
<td>$65.00</td>
<td>$48.9K</td>
<td>4.4K</td>
<td style="text-align: right;">443</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.1</td>
<td>$14.25</td>
<td>$14.85</td>
<td>$65.00</td>
<td>$44.5K</td>
<td>1.2K</td>
<td style="text-align: right;">30</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$8.3</td>
<td>$8.0</td>
<td>$8.15</td>
<td>$60.00</td>
<td>$40.7K</td>
<td>970</td>
<td style="text-align: right;">124</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,735,740, the SHOP's price is down by -1.2%, now at $61.7. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 82 days.</li>
</ul>
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 Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

SHOP

Looking At Shopify's Recent Unusual Options Activity

Barrington Research analyst Gary Prestopino maintains Cantaloupe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>) with a Outperform and maintains $10 price target.

CTLP

Barrington Research Maintains Outperform on Cantaloupe, Maintains $10 Price Target

Deep-pocketed investors have adopted a bullish approach towards Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</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 CRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Salesforce. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 61% leaning bullish and 38% bearish. Among these notable options, 4 are puts, totaling $500,292, and 9 are calls, amounting to $413,815.
<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 $180.0 to $300.0 for Salesforce over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Salesforce stands at 1083.22, with a total volume reaching 380.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Salesforce, situated within the strike price corridor from $180.0 to $300.0, throughout the last 30 days.
<h3>Salesforce Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715351533_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.0</td>
<td>$13.8</td>
<td>$13.85</td>
<td>$250.00</td>
<td>$311.6K</td>
<td>2.2K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>CRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$6.7</td>
<td>$6.55</td>
<td>$6.6</td>
<td>$260.00</td>
<td>$105.6K</td>
<td>1.0K</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$100.9</td>
<td>$99.5</td>
<td>$100.0</td>
<td>$180.00</td>
<td>$100.0K</td>
<td>313</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$37.45</td>
<td>$37.0</td>
<td>$37.0</td>
<td>$250.00</td>
<td>$74.0K</td>
<td>631</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$56.75</td>
<td>$56.4</td>
<td>$56.75</td>
<td>$240.00</td>
<td>$68.1K</td>
<td>1.6K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Salesforce</h3>
Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
Following our analysis of the options activities associated with Salesforce, we pivot to a closer look at the company's own performance.
<h3>Salesforce's Current Market Status</h3>
<ul>
<li>With a volume of 499,407, the price of CRM is up 1.08% at $278.13. </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 19 days.</li>
</ul>
<h3>What The Experts Say On Salesforce</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $353.4.
<ul>
<li>An analyst from Wolfe Research downgraded its action to Outperform with a price target of $365. </li>
<li>An analyst from Jefferies persists with their Buy rating on Salesforce, maintaining a target price of $360. </li>
<li>Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $342.</li>
<li>Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $350.</li>
<li>An analyst from RBC Capital downgraded its action to Outperform with a price target of $350. </li>
</ul>
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 Salesforce, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Salesforce

Investors with a lot of money to spend have taken a bearish stance on Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</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 CAVA, 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 9 uncommon options trades for Cava Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 44%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $228,395, and 4 are calls, for a total amount of $177,635.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $100.0 for Cava Group, spanning the last three 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 Cava Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cava Group's significant trades, within a strike price range of $60.0 to $100.0, over the past month.
<h3>Cava Group Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715351527_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$19.6</td>
<td>$18.6</td>
<td>$18.6</td>
<td>$100.00</td>
<td>$96.6K</td>
<td style="text-align: right;">76</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$4.1</td>
<td>$75.00</td>
<td>$81.9K</td>
<td style="text-align: right;">134</td>
<td style="text-align: right;">223</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.6</td>
<td>$75.00</td>
<td>$45.9K</td>
<td style="text-align: right;">134</td>
<td style="text-align: right;">324</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.65</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$70.00</td>
<td>$37.7K</td>
<td style="text-align: right;">301</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/10/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$75.00</td>
<td>$35.0K</td>
<td style="text-align: right;">371</td>
<td style="text-align: right;">94</td>
</tr>
</tbody>
</table>

<h3>About Cava Group</h3>
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's dips, spreads, and dressings are centrally produced and sold in grocery stores. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen. The company generates the majority of its revenue from the CAVA segment.
Having examined the options trading patterns of Cava Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Cava Group's Current Market Status</h3>
<ul>
<li>With a trading volume of 895,538, the price of CAVA is up by 5.55%, reaching $79.56.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 18 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Cava Group</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $69.2.
<ul>
<li>Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Cava Group, targeting a price of $73. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Cava Group, maintaining a target price of $68. </li>
<li>An analyst from Wedbush persists with their Outperform rating on Cava Group, maintaining a target price of $74. </li>
<li>In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $58. </li>
<li>Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $73.</li>
</ul>
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 Cava Group, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

CAVA

Looking At Cava Group's Recent Unusual Options Activity

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SKLZ

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Overlook Style Regimes At Your Peril

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