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NRG Energy shares are trading lower after the company announced an upsized senior notes offering priced at $1.875 billion due 2033 and 2034.

The Israeli military confirmed on Thursday <a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">the death of Yahya Sinwar</a>, the top leader of Hamas, with one word: &#8220;Eliminated.&#8221; 
What Happened: Israel Defense Forces killed Sinwar — Israel's most wanted target since the war with Hamas began on Oct. 7 — in a firefight in Gaza.
Sinwar orchestrated an assault that killed about 1,200 people and led to the abduction of over 200 others.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Eliminated: Yahya Sinwar.
&mdash; Israel Defense Forces (@IDF) <a href="https://twitter.com/IDF/status/1846957737487278263?ref_src=twsrc%5Etfw">October 17, 2024</a></blockquote>
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In a prepared <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/10/17/statement-from-president-joe-biden-on-the-death-of-yahya-sinwar/">statement</a>, President Joe Biden said the IDF &#8220;relentlessly pursued Hamas's leaders&#8221; with the help of U.S. intelligence.
&#8220;There has rarely been a military campaign like this, with Hamas leaders living and moving through hundreds of miles of tunnels, organized in multiple stories underground, determined to protect themselves with no care for the civilians suffering above ground,&#8221; Biden said. 
&#8220;Today, however, proves once again that no terrorists anywhere in the world can escape justice, no matter how long it takes.&#8221;
Sinwar's body was retrieved after an exchange of fire on Wednesday, according to the <a href="https://www.nytimes.com/live/2024/10/17/world/israel-lebanon-iran-gaza-news?campaign_id=190&amp;emc=edit_ufn_20241017&amp;instance_id=137113&amp;nl=from-the-times&amp;regi_id=136109156&amp;segment_id=180692&amp;user_id=e415429009fa21c5b8b4141c24d72bca">New York Times</a>, citing Israeli authorities. His identity was verified using dental records and fingerprints that matched those on file, Israel Police said. There was no immediate response from Hamas regarding his death.
See Also: <a href="https://www.benzinga.com/news/24/10/41112728/us-boosts-military-presence-in-middle-east-deploys-fighter-squadrons-amid-rising-tensions-with-iran">US Boosts Military Presence In Middle East As Tensions Spike With Iran</a> 
Why It Matters: Sinwar's killing marks a significant development in the yearlong conflict. 
So far, the war in Gaza devastated the region and its people. Despite being only 141 square miles, Gaza is home to over 2 million people. 
Gaza's health ministry reports over 41,000 deaths. Per the Associated Press, Gaza's health ministry <a href="https://apnews.com/article/israel-hamas-war-gaza-health-ministry-health-death-toll-59470820308b31f1faf73c703400b033">doesn't distinguish between civilians and combatants</a>. About 1.9 million Palestinians have been <a href="https://apnews.com/article/israel-palestinians-hamas-war-anniversary-statistics-e61765035c725b3c8d4840e2bab565cd">displaced</a>.
Sinwar&#8217;s death also presents an &#8220;opportunity&#8221; to proceed with negotiations between Israel and Hamas and end the war, Vice President Kamala Harris said, per <a href="https://www.bloomberg.com/news/articles/2024-10-17/harris-says-sinwar-s-death-offers-opportunity-to-end-gaza-war?srnd=phx-latest&amp;sref=TBDibEcD&amp;embedded-checkout=true">Bloomberg</a>. 
Both sides remain deadlocked over key issues. 
Israeli Prime Minister Benjamin Netanyahu addressed the nation and promised the Israeli military would secure the release of all hostages. See below for coverage via CNN.
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Defense exchange-traded funds (ETFs) at last check Thursday afternoon, were trending up with the exception of the SPDR S&amp;P Aerospace &amp; Defense ETF:
<ul>
<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) rose 1.8% to $154.70.</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) is up 0.17% to $119.</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) is down 0.29% to $162.77.</li>
</ul>
Oil ETFs: 
<ul>
<li>The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), was up 0.15% at $72.51.</li>
<li>The VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) was down 0.25% at $286.69.</li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41336413/oil-prices-take-largest-plunge-in-over-a-year-as-israel-vows-to-spare-iranian-facilities-energy-stoc">Oil Prices Take Largest Plunge In Over A Year As Israel Vows To Spare Iranian Facilities</a></li>
</ul>
Image: Shutterstock.

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Israeli Military, With Help Of US Intelligence, 'Relentlessly Pursued' Deceased Hamas Leader

Imperial College London's Center for Psychedelic Research is recruiting couples who plan to consume <a href="https://www.benzinga.com/topic/mdma-assisted-therapy">MDMA</a> or other <a href="https://www.benzinga.com/markets/psychedelics">psychedelics</a> in real-world settings for a study examining the effects on relationship intimacy, attachment and <a href="https://www.benzinga.com/markets/cannabis/24/02/37124528/can-psychedelics-increase-sexual-interest-and-satisfaction-study-says-yes-and-effects-can-last-m">satisfaction</a>. As DoubleBlind <a href="https://doubleblindmag.com/psychedelics-for-your-relationship/">reported</a>, the study will explore both the short- and long-term psychological impacts of shared psychedelic experiences between romantic partners.
<h3 class="wp-block-heading">Study Focus: Intimacy, Attachment, and Relationship Satisfaction</h3>
The <a href="https://pubmed.ncbi.nlm.nih.gov/35031922/">research</a>, led by PhD candidate Tommaso Barba will build on <a href="https://www.researchgate.net/publication/20275204_Subjective_Reports_of_the_Effects_of_MDMA_in_a_Clinical_Setting">previous studies</a> that suggest MDMA may enhance communication and improve relationship dynamics. Participants will complete a series of <a href="https://survey.alchemer.eu/s3/90617328/Psychedelics-and-Couples-Sign-up">questionnaires</a> before and after their psychedelic experiences, but no substances will be provided as part of the study.
Couples will have the chance to contribute valuable insights to growing scientific interest in how psychedelics can affect romantic relationships, including their potential to improve communication and resolve conflicts. 
<h3 class="wp-block-heading">Why This Research Matters: Enhancing Communication And Addressing Conflict</h3>
"Another promising research direction involves addressing specific relationship issues, including communication breakdowns, unresolved conflicts and intimacy barriers,&#8221; Barba told DoubleBlind. &#8220;By leveraging the empathogenic effects of substances like <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a> and MDMA, researchers aim to develop tailored interventions that safely and effectively address these issues within a supportive therapeutic environment."
Albert Garcia-Romeu, an assistant professor of psychiatry and behavioral sciences at Johns Hopkins Medicine, <a href="https://time.com/6262291/psychedelics-mdma-couples-therapy/">told</a> TIME that "If there's a long-held resentment or disagreement in a couple and people are too hurt or too wounded or too guarded to talk about that, but then you're able to use the drug to temporarily get guards down … that can really help clear out a lot of emotional baggage."
Beyond the positive outlook, therapists have cautioned that <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic-assisted therapy</a> is not a quick fix and requires active participation from both partners in what can be a difficult process. Notably, MDMA is thought to evoke temporary feelings of love, which might bond dysfunctional couples but could also lead to unresolved issues resurfacing later on, or even accelerating break-ups.
Cover image made with AI

Cannabis

Psychedelics

How Psychedelic Experiences Affect Couples: New Study Looks Into It

Source: <a href="https://www.streetwisereports.com/article/2024/10/15/co-s-spate-of-events-raises-eyebrows.html?utm_medium=feed">Streetwise Reports 10/15/2024</a>
A recent flurry of activity and a new chief executive officer make this Canadian explorer worth watching, a newsletter writer pointed out. Read on to learn what all this junior has been up to.
For Rex Resources Corp., a British Columbian (B.C.) mineral explorer that went public in June 2021, the last five months have been a whirlwind of activity after a lull.
&quot;This type of situation can be intriguing to investors&quot; Kyle Kuzyk, newsletter writer for Equity Guru, wrote in an Oct. 4 article. &quot;Rex Resources Corp. is definitely on my watchlist.&quot;
At the start of 2024, the Canadian mining junior owned one asset, the Rex property, which it had acquired in May 2023, according to a May 18, 2023 news release. The property consists of eight contiguous mineral claims over 1,562 hectares (1,562 ha) near Port Alberni on Canada&#39;s Vancouver Island in B.C.
The Rex property hosts multiple mineral occurrences that have yielded multiple gold and silver mineralized surface rock samples including assays between 3.6% to 13.9% copper, with limited or no diamond drilling follow up. With the prices of gold, silver, and copper significantly higher than 2006 when the project last saw significant exploration, the surface sampling results are clearly of interest.
Looking at the price highs in 2006 and today&#39;s prices, gold was US$982 per ounce (US$982/oz) versus US$2,637/oz, silver was US$14.94/oz versus US$30.90 and copper was US$3.90/oz versus US$4.45/oz.
&quot;These higher commodity prices, combined with projections of continued strong demand, could potentially alter the economic assessment of the property&quot; added Kuzyk.
<h2>Accomplishments Since April 2024</h2>
Raised Capital: In April, Rex Resources raised gross proceeds of CA$257,500 in a nonbrokered private placement, in which it issued 5,150,000 (5.15M) units at CA$0.05 per unit, as noted in an April 25 news release. Each unit consisted of one common Rex Resources share and one-half of one common share purchase warrant. The company indicated it would use the funds for general working capital purposes.
Received Technical Report: An NI 43-101 technical report was completed on the Rex property on June 17, and it indicates the presence of copper and gold mineralization as well as skarn and massive sulphide-type base metal mineralization there. Results of geochemical soil sampling and geophysics showed the known mineralization extends further than previously thought, suggesting the potential for areas of previously undiscovered mineralization.
To continue evaluating the potential of the Rex property, the report pointed out, follow-up work, consisting of the evaluation of geophysical targets, geological mapping, and grid expansion, should be done.
Acquired Asset: Soon after, Rex Resources acquired the nearby Mactush property, about 1.5 kilometers south-southeast of the Rex property, a June 25 news release outlined. Like Rex, Mactush encompasses eight mineral claims, too, but these are contained within 275 ha.
Exploration work carried out at Mactush dates to 1968 and includes extensive prospecting; soil, silt and rock sampling; limited trenching; geophysical campaigns; and limited percussion and diamond drill programs.
Appointed Director: In July, Rex Resources appointed Michael Leahy as a director and audit committee member, as announced in a July 3 news release. Leahy has 12-plus years of entrepreneurial experience and expertise in business and corporate development, as well as operations in a range of sectors, including natural resources.
He is the chief executive officer (CEO) and a director of Goat Industries Ltd. and a director of Panther Minerals Inc. Previously, he was vice-president of business development and later chief operating officer at a private firm known for its proprietary satellite radar technology used in mineral exploration, subsurface three-dimensional modeling and infrastructure monitoring.
Obtained IR Services: In another move, Rex Resources engaged consultant Earl Hope to provide investor relations services for one year at a cost of CA$3,000. The purpose is to increase market awareness of Rex Resources, expand its reach in the investment community, communicate the benefits of and generate interest in owning its stock.
New CEO: Sometime around late August/early September former CEO of Defense Metals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dfmtf#OTC">DFMTF</a>) Craig Taylor became Rex Resources&#39; CEO, Chair and Director.
&quot;This transition is significant, given Taylor&#39;s track record&quot; Kuzyk wrote.
Applied for Permits: Last month, Rex Resources announced in a Sept. 18 news release it was preparing applications for permits to conduct preliminary exploration work at the Rex and Mactush properties.
Rex Resources currently is reviewing the available historical data to prioritize upcoming exploration work, the company said in the release.
Appointed Director: Most recently, at the start of this month, Rex Resources appointed Kristopher J. Raffle, exploration geologist, as a director and qualified person of the company, according to an Oct. 1 news release.
Raffle, born and raised on Vancouver Island, is an exploration geologist with 25-plus years of experience evaluating projects, designing exploration programs, analyzing data, and doing geologic modeling in association with numerous types of deposits in North America. Currently, he is a partner and principal geologist at APEX Geoscience Ltd. and a director of Monumental Energy Corp. Previously, he was a director for Defense Metals Corp. and New Placer Dome Gold Corp.
<h2>Positive Outlook for Trio of Metals</h2>
Gold: Now at all-time highs, gold is about to &quot;go into vertical melt-up mode&quot; once it breaks above roughly US$2,800/oz, Technical Analyst Clive Maund wrote in a September 26 report. As such, &quot;the gains in all gold-related investments at this time should be spectacular.&quot;
Gold equities specifically offer an &quot;incredible opportunity&quot; currently, wrote U.S. Global Investors&#39; Frank Holmes in a Sept. 26 Investing.com article, because they are not trading at levels reflecting the continuing rise of the yellow metal&#39;s price.
Brien Lundin of Gold Newsletter touted a specific type of mining stocks in an Oct. 2 article. &quot;From a fundamental standpoint, everything seems to be turning in favor of gold&quot; he wrote. &quot;We&#39;re in a long-term, secular bull market. And we need to be positioned for it. One of the best ways, of course, is through high-quality junior mining equities.&quot;
Looking ahead at the gold price, Goldman Sachs forecasts it to be US$2,900/oz in early 2025, reported Mint in a Sept. 30 article, supported by slowly rising exchange-traded funds flows with interest rate cuts in the West and in China and increased central bank buying.
Throughout 2025, other experts estimate the gold price will range from US$2,800&ndash;3,200/oz, according to a Sept. 25 Skilling article. Longer term, analysts predict it could reach US$6,800/oz by 2040, representing a 7.2% annual rate of return.
&quot;The clear winner over the next year or so is likely to be gold&quot; wrote Adrian Day of Adrian Day Asset Management in his Q3 Portfolio Review. &quot;Both sentiment and the macro environment are turning in gold&#39;s favor, with much more to come.&quot;
Silver: Silver still is cheap, and the best investment opportunity right now is in silver equities, Kitco News wrote in a Sept. 27 article. &quot;Although silver-related large-cap miner and royalty streaming stocks have experienced outsized gains during the recent silver surge, many quality silver juniors are still presenting low-risk entry points&quot; noted the article.
Amelia Xiao Fu, head of commodity markets at BOCI, told Kitco she expects to see silver reach US$37/oz. &quot;Silver is going to continue to rally over the coming quarters because of the [Federal Reserve&#39;s] consecutive rate cuts and as China&#39;s stimulus could continue for some time&quot; she said. China&#39;s recently announced stimulus is its largest since the pandemic, the article noted.
Peter McGuire, CEO of XM Australia, also believes silver at US$32/oz is &quot;extraordinarily cheap&quot; he told The Economic Times. &quot;If you are looking at the gold:silver ratio, I think there is more upside for silver than there will be for gold&quot; he added. &quot;And once it starts to bite, it is really going to be onward and upward because, quite simply, you have got a huge demand.&quot;
Copper: Demand for copper is &quot;unstoppable&quot; wrote Marin Katusa of Katusa Research in a recent article. &quot;Investors, take note: The train could leave the station with copper stocks any day now.&quot; Driving demand is the green energy transition, as copper is used in solar panels, wind turbines, electric grids, electric vehicles, and more.
Even though carmakers are reducing the amount of copper they are using in electric vehicles to effect cost savings, copper demand from the sector is still projected to grow 177% by 2030, Benchmark reported in an Oct. 1 article. This is due to rising rates of electric vehicle deployments and expansion of charging infrastructure.
BHP forecasts a 70% growth in global copper demand by 2050, reflecting an average growth rate of 2% per year, it wrote in a Sept. 30 article.
Haywood Securities Analyst Pierre Vaillancourt views the red metal favorably. &quot;We remain constructive on copper fundamentals, which remain strong due to high demand, constrained supply, and increased investment in energy transition projects&quot; he wrote in an Oct. 5 report.
Richard Mills purported in his Oct. 8 Ahead of the Herd newsletter that at some point in 2025, the current global copper surplus is going to turn into a deficit, and two factors will cause demand to exceed supply. One is the need for copious amounts of copper for the green energy transition. The other is improvement in China&#39;s economy resulting from stimulus efforts by its government.
&quot;Because reserves at copper mines cannot keep growing by constantly lowering the cutoff trade, because the short-lived rush to market we are experiencing will soon end and that the copper mine cupboard is bare, and because of stimulus from China, we at AOTH maintain our very bullish take on the copper market&quot; Mills wrote.
<h2>Ownership and Share Structure</h2>
According to Refinitiv, management and insiders own 33.96%, or 3.8M shares, of Rex Resources. They are President, CEO, and Director Craig Taylor with 21.7% or 2.43M shares, Business Development and Director Anthony Zelen with 10.29% or 1.15M shares, and Director Michael Leahy with 1.97% or 0.22M shares.
Retail investors hold the remaining 66.04%. There are no institutional investors at this time.
Rex Resources has 11.19M outstanding shares and 7.39M free float traded shares.
Its market cap is CA$0.82 million. Its 52-week range is CA$0.03&minus;$0.145 per share.
Important Disclosures:
<ol>
<li>Defense Metals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Defense Metals Corp.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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DFMTF

Co.'s Spate of Events Raises Eyebrows

Guardant Health shares are trading lower after Leerink Partners lowered its price target on the stock from $60 to $50.

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has fallen 3.85% since its last report. The company recently reported that it has 67.38 million shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bank of America Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of America has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Bank of America's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bank of America's peer group average for short interest as a percentage of float is 1.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BAC) - Analyzing Bank of America's Short Interest

Grand Canyon Education's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOPE#NYSE">LOPE</a>) short percent of float has fallen 9.2% since its last report. The company recently reported that it has 361 thousand shares sold short, which is 1.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Grand Canyon Education Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Grand Canyon Education has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Grand Canyon Education's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Grand Canyon Education's peer group average for short interest as a percentage of float is 5.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

LOPE

Looking Into Grand Canyon Education's Recent Short Interest

Jet AI's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NYSE">JTAI</a>) short percent of float has risen 86.86% since its last report. The company recently reported that it has 1.58 million shares sold short, which is 11.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Jet AI Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Jet AI has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Jet AI's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Jet AI's peer group average for short interest as a percentage of float is 11.45%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

JTAI

Looking Into Jet AI's Recent Short Interest

Spire shares are trading lower after Ladenburg Thalmann downgraded the stock from Neutral to Sell and lowered its price target from $65.5 to $60.5.

CBOE (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) CEO Fred Tomczyk shared his excitement for upcoming product from Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and put an emphasis <a href="https://www.benzinga.com/topic/retail-investors">on retail investors</a> during an exclusive interview Thursday with Benzinga.
Robinhood Growth: Since taking over the role of CEO of Cboe in September 2023, Tomczyk said not a lot has surprised him other than the impressive growth of Robinhood, a company that <a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading">announced several new products Wednesday.</a>
It was the demand for technology and access to data and the growth of the retail trader that surprised him the most about the markets over the last year since stepping from the Cboe Board of Directors to the CEO role.
Cboe is the parent company of the Chicago Board Options Exchange and BATS Global Markets. The company announced Wednesday that Robinhood customers will soon be able to trade Cboe&#8217;s index options on the S&amp;P 500, Cboe Volatility, Russell 2000 and Mini S&amp;P 500 indexes. 
The Cboe CEO said he was aware of Robinhood, but was surprised by its market growth.
"I never realized they were growing so fast," Tomczyk said. "That was an eye opener for me."
Robinhood unveiled index options, futures and the Robinhood Legend platform at the 2024 HOOD Summit, where Tomczyk spoke to Benzinga.
With the new products, Tomczyk said Robinhood is "trying to take that place as the innovator and disruptor," comparing the broker to broker of old that dominated the space.
"They're really moving into the active trader space."
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40233817/robinhood-q2-earnings-highlights-revenue-beat-eps-beat-crypto-revenue-up-161-year-over-yea">Robinhood Q2 Earnings Highlights: Revenue Beat, EPS Beat, Crypto Revenue Up 161% Year-Over-Year, Gold Subscribers Hit 2 Million</a>
Cboe CEO On Risk, Volatility: The Cboe CEO acknowledged that trading companies go through ups and downs and the importance of having products and services to help investors trade through any environment.
It&#8217;s important to be focused on the long term and the secular growth trends during constant ups and downs, he said. 
While many non-investors or new investors may think of options as a risky trade, Tomczyk reiterated their purpose.
"The roots of options are in risk management, not speculative," Tomczyk said. "It's a risk mitigation tool."
For options beginners, Tomczyk said it's important to know the differences between them and key terminology and to take education offered by brokerages. Tomczyk suggested investors could try paper money trading in options to try out strategies first.
What's Next For The Markets? Asked for an outlook on what is coming for the markets over the next 12 months, Tomczyk couldn't help but point to the importance of the 2024 election, as presidential elections often bring high volatility.
"I think this one's no different," Tomczyk said. "This one's unpredictable."
Investors will likely trade based on the uncertainty of the election and the questions about the geopolitical environment, which is why the VIX (Cboe Volatility Index) is rising, he said. 
For CBOE, Tomczyk said the focus over the next 12 months is focusing on investments in technology, investments on the retail side of products, innovation on derivatives and providing data and solutions to traders.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/events/24/09/41074042/zero-dte-options-fuel-record-spx-trading-volumes-with-no-signs-of-slowing-down-expert">Zero DTE Options Fuel Record SPX Trading Volumes, With No Signs Of Slowing Down: Expert</a></li>
</ul>
Photo via Shutterstock.

Options

Management

Exclusives

Interview

CBOE

HOOD

EXCLUSIVE: Cboe CEO Says Robinhood Growth 'An Eye Opener,' Unpredictable 2024 Election Could Increase Market Volatility

The third quarter of 2024 saw strong demand for business services, driven by digital transformation, cost efficiency needs, increased adoption of flexible workforce solutions, and increased focus on compliance and regulatory adherence.
Business services providers that leveraged technology and adapted to market needs for flexibility, regulatory adherence, and sustainability benefited the most. The quarter highlighted the sector&#39;s adaptability in supporting companies through economic uncertainties while capitalizing on long-term growth opportunities in digital, regulatory, and sustainability domains.
Per the latest&nbsp;Earnings Trend&nbsp;report, earnings of S&amp;P 500 members of the business services sector that have reported results this season grew 5.2% year over year on 4.9% revenue growth, with 81.3% of the companies beating EPS estimates and 72.9% topping sales projections.
The sector&#39;s S&amp;P 500 members&#39; total quarterly earnings are currently anticipated to grow 5.4% year over year, and revenues are likely to rise 6.5%.
A handful of companies from the sector, like Fiserv, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fi#NYSE">FI</a>), Booz Allen Hamilton Holding Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>), S&amp;P Global Inc.&nbsp;and Automatic Data Processing, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adp#NASDAQ">ADP</a>), are expected to beat estimates in the ongoing reporting cycle.
Let us discuss the factors that are likely to have played a key role in shaping the performance of business services companies in the quarter.
<h2>Steady Growth in Services Sector Amid Strong Demand</h2>
With service activities in the pink, business service demand rose steadily in the quarter. By the end of the third quarter, the Services PMI, measured by the Institute for Supply Management, had stayed above the 50% mark for the 49th time in 52 months.
Sector-specific factors that acted as tailwinds in the quarter are the essentiality of certain services like waste management, the rise in demand for risk mitigation and consulting services, increased expertise in improving operational efficiency and lower costs and digital transformation.
Services about the&nbsp;management of companies &amp; support services, health care &amp; social assistance, finance &amp; insurance, accommodation &amp; food, transportation &amp; Warehousing, Information, utilities, and educational services stayed healthy.
<h2>Stocks Poised to Beat This Season</h2>
With the existence of several players in the sector, finding the right business services stocks that have the potential to beat on earnings can be daunting. Our proprietary methodology, however, makes it fairly simple.
You could narrow down the list of choices by looking at stocks that have the combination of a positive&nbsp;Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold).
Earnings ESP is our proprietary methodology for determining stocks that have the best chances to surprise in their next earnings announcement. It is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.
Our research shows that for stocks with this combination, the chance of an earnings surprise is as high as 70%.
Here are our picks.
Fiserv: The company is a global provider of payments and financial services technology solutions.FI is scheduled to report its third-quarter 2024 results on Oct. 22. It has an Earnings ESP of +0.18% and currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for the company&#39;s revenues in the to-be-reported quarter is pegged at $4.91 billion, indicating an&nbsp;increase of 6.3% from the year-ago quarter. The consensus mark for earnings is pegged at $2.25 per share, suggesting a rise of 14.8% from the year-ago quarter.
<div class="chart_embed">
<h2>Fiserv, Inc. Price and EPS Surprise</h2>
<img alt="Fiserv, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6d/1729178294.png" style="height:310px; width:600px" title="" />
Fiserv, Inc. price-eps-surprise | Fiserv, Inc. Quote
S&amp;P Global: The company is a provider of credit ratings, benchmarks, analytics, and workflow solutions. SPGI is scheduled to report its second-quarter fiscal 2024 results on Oct. 24. It has an Earnings ESP of +3.28% and a Zacks Rank of 2.
</div>
The Zacks Consensus Estimate for the company&#39;s revenues in the to-be-reported quarter is pegged at $3.4 billion, implying year-over-year growth of 10.1%. For earnings, the consensus mark is pegged at $3.54 per share, suggesting a 10.3% rise from the year-ago quarter&#39;s actual.
<div class="chart_embed">
<h2>S&amp;P Global Inc. Price and EPS Surprise</h2>
<img alt="S&amp;P Global Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b2/1729178477.png" style="height:310px; width:600px" title="" />
S&amp;P Global Inc. price-eps-surprise | S&amp;P Global Inc. Quote
Booz Allen: The company is a provider of management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally.
</div>
BAH is scheduled to post its second-quarter fiscal 2025 results on Oct. 25. It has an Earnings ESP of +0.17% and currently carries a Zacks Rank of 2.
The Zacks Consensus Estimate for the company&#39;s revenues in the to-be-reported quarter is pegged at $2.96 billion, indicating an&nbsp;increase of 10.9% from the year-ago quarter. The consensus mark for earnings is pegged at $1.48 per share, suggesting a rise of 14.7% from the year-ago quarter.
<div class="chart_embed">
<h2>Booz Allen Hamilton Holding Corporation Price and EPS Surprise</h2>
<img alt="Booz Allen Hamilton Holding Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/db/1729178686.png" style="height:310px; width:600px" title="" />
Booz Allen Hamilton Holding Corporation price-eps-surprise | Booz Allen Hamilton Holding Corporation Quote
Automatic Data Processing: The company offers cloud-based human capital management solutions globally. ADP is scheduled to post its first-quarter fiscal 2025 results on Oct. 30. It has an Earnings ESP of +1.67% and currently sports a Zacks Rank of 3.
</div>
The Zacks Consensus Estimate for the company&#39;s revenues in the to-be-reported quarter is pegged at $4.76 billion, indicating a rise of 5.5% from the year-ago quarter. The consensus mark for earnings is pegged at $2.2 per share, suggesting a rise of 5.8% from the year-ago quarter.
<div class="chart_embed">
<h2>Automatic Data Processing, Inc. Price and EPS Surprise</h2>
<img alt="Automatic Data Processing, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/3b/1729178790.png" style="height:310px; width:600px" title="" />
Automatic Data Processing, Inc. price-eps-surprise | Automatic Data Processing, Inc. Quote
<a href="https://www.zacks.com/stock/news/2352625/4-service-firms-poised-to-beat-estimates-this-earnings-season?cid=CS-BENZ-FT-earnings_esp-2352625">To read this article on Zacks.com click here.</a>
</div>

Earnings

Earnings Beats

Government

Large Cap

Regulations

Analyst Ratings

4 Service Firms Poised to Beat Estimates This Earnings Season

Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) has outperformed the market over the past 20 years by 1.36% on an annualized basis producing an average annual return of 9.98%. Currently, Public Storage has a market capitalization of $60.56 billion. 
Buying $1000 In PSA: If an investor had bought $1000 of PSA stock 20 years ago, it would be worth $6,711.58 today based on a price of $346.00 for PSA at the time of writing.
<h3>Public Storage's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729191976_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Public Storage 20 Years Ago Would Be Worth Today

Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) has outperformed the market over the past 15 years by 2.46% on an annualized basis producing an average annual return of 14.35%. Currently, Universal Health Servs has a market capitalization of $15.81 billion. 
Buying $1000 In UHS: If an investor had bought $1000 of UHS stock 15 years ago, it would be worth $7,377.84 today based on a price of $236.90 for UHS at the time of writing.
<h3>Universal Health Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729191971_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Universal Health Servs 15 Years Ago Would Be Worth This Much Today

Over the past 24 hours, Optimism's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>) price has fallen 3.06% to $1.67. This is opposite to its positive trend over the past week where it has experienced a 10.0% gain, moving from $1.51 to its current price. 
The chart below compares the price movement and volatility for Optimism over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1729191822_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 3.0% over the past week while the circulating supply of the coin has risen 1.09%. This brings the circulating supply to 1.26 billion, which makes up an estimated 29.22% of its max supply of 4.29 billion. According to our data, the current market cap ranking for OP is #48 at $2.09 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1729191822_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

Cryptocurrency

Movers

Cryptocurrency Optimism Down More Than 3% Within 24 hours

Over the past 24 hours, Filecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fil/usd">FIL</a>) price has fallen 3.5% to $3.61. This is opposite to its positive trend over the past week where it has experienced a 3.0% gain, moving from $3.5 to its current price. 
The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1729191753_0.png" alt="price_chart" />
The trading volume for the coin has decreased 19.0% over the past week, while the overall circulating supply of the coin has increased 0.82% to over 592.34 million. This puts its current circulating supply at an estimated 30.22% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #46 at $2.14 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1729191753_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$FIL

Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours

Over the past 24 hours, Aave's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>) price has fallen 3.17% to $151.92. This is opposite to its positive trend over the past week where it has experienced a 10.0% gain, moving from $138.29 to its current price. 
The chart below compares the price movement and volatility for Aave over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1729191744_0.png" alt="price_chart" />
The trading volume for the coin has decreased 49.0% over the past week, while the overall circulating supply of the coin has decreased 0.04% to over 14.96 million. This puts its current circulating supply at an estimated 93.47% of its max supply, which is 16.00 million. The current market cap ranking for AAVE is #45 at $2.28 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1729191744_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$AAVE

Cryptocurrency Aave Decreases More Than 3% Within 24 hours

Over the past 24 hours, Polkadot's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dot/usd">DOT</a>) price has fallen 3.12% to $4.18. This is opposite to its positive trend over the past week where it has experienced a 4.0% gain, moving from $4.02 to its current price. 
The chart below compares the price movement and volatility for Polkadot over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1729191675_0.png" alt="price_chart" />
The trading volume for the coin has fallen 11.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.37%. This brings the circulating supply to 1.43 billion. According to our data, the current market cap ranking for DOT is #20 at $5.96 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1729191676_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$DOT

Polkadot Decreases More Than 3% Within 24 hours

Financial giants have made a conspicuous bearish move on UnitedHealth Group. Our analysis of options history for UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) revealed 35 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $614,592, and 26 were calls, valued at $2,078,899.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $630.0 for UnitedHealth Group over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</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 UnitedHealth Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UnitedHealth Group's substantial trades, within a strike price spectrum from $380.0 to $630.0 over the preceding 30 days.
<h3>UnitedHealth Group Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729191659_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.85</td>
<td>$9.55</td>
<td>$9.6</td>
<td>$580.00</td>
<td>$576.0K</td>
<td style="text-align: right;">715</td>
<td style="text-align: right;">727</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$22.5</td>
<td>$22.0</td>
<td>$22.0</td>
<td>$600.00</td>
<td>$220.0K</td>
<td style="text-align: right;">383</td>
<td style="text-align: right;">107</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/22/24</td>
<td>$9.05</td>
<td>$8.9</td>
<td>$9.03</td>
<td>$585.00</td>
<td>$135.9K</td>
<td style="text-align: right;">27</td>
<td style="text-align: right;">152</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$21.75</td>
<td>$20.05</td>
<td>$21.5</td>
<td>$600.00</td>
<td>$118.2K</td>
<td style="text-align: right;">383</td>
<td style="text-align: right;">264</td>
</tr>
<tr>
<td>UNH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$42.95</td>
<td>$40.9</td>
<td>$41.53</td>
<td>$590.00</td>
<td>$90.1K</td>
<td style="text-align: right;">397</td>
<td style="text-align: right;">92</td>
</tr>
</tbody>
</table>

<h3>About UnitedHealth Group</h3>
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 50 million members globally, including 1 million outside the us as June 2024. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Following our analysis of the options activities associated with UnitedHealth Group, we pivot to a closer look at the company's own performance.
<h3>Current Position of UnitedHealth Group</h3>
<ul>
<li>Trading volume stands at 3,352,996, with UNH's price down by -0.55%, positioned at $568.22.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 85 days.</li>
</ul>
<h3>Professional Analyst Ratings for UnitedHealth Group</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $629.8.
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 UBS keeps a Buy rating on UnitedHealth Group with a target price of $650. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on UnitedHealth Group, maintaining a target price of $650. 
&#x2A; An analyst from RBC Capital persists with their Outperform rating on UnitedHealth Group, maintaining a target price of $595. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on UnitedHealth Group, which currently sits at a price target of $610. 
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on UnitedHealth Group, which currently sits at a price target of $644. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for UnitedHealth Group with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In UNH Options

Financial giants have made a conspicuous bearish move on Crown Castle. Our analysis of options history for Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $544,011, and 2 were calls, valued at $519,180.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $115.0 for Crown Castle during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Crown Castle'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 Crown Castle's whale trades within a strike price range from $90.0 to $115.0 in the last 30 days. 
<h3>Crown Castle Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729191654_0_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$25.2</td>
<td>$22.9</td>
<td>$24.7</td>
<td>$90.00</td>
<td>$479.1K</td>
<td>311</td>
<td>200</td>
</tr>
<tr>
<td>CCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.8</td>
<td>$3.2</td>
<td>$2.8</td>
<td>$115.00</td>
<td>$252.0K</td>
<td>2.9K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$5.8</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$115.00</td>
<td>$77.7K</td>
<td>2.9K</td>
<td>3</td>
</tr>
<tr>
<td>CCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$115.00</td>
<td>$58.1K</td>
<td>2.9K</td>
<td>705</td>
</tr>
<tr>
<td>CCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$4.0</td>
<td>$115.00</td>
<td>$49.6K</td>
<td>2.9K</td>
<td>376</td>
</tr>
</tbody>
</table>

<h3>About Crown Castle</h3>
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.
After a thorough review of the options trading surrounding Crown Castle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Crown Castle Standing Right Now?</h3>
<ul>
<li>With a volume of 2,055,009, the price of CCI is down -3.01% at $112.2. </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 97 days.</li>
</ul>
<h3>What The Experts Say On Crown Castle</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 $122.4.
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&#x2A; An analyst from Goldman Sachs has decided to maintain their Neutral rating on Crown Castle, which currently sits at a price target of $120. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Crown Castle, targeting a price of $123. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on Crown Castle, maintaining a target price of $124. 
&#x2A; An analyst from Jefferies persists with their Buy rating on Crown Castle, maintaining a target price of $127. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Crown Castle with a target price of $118. 
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Crown Castle Unusual Options Activity

Ratings for argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $566.92, with a high estimate of $640.00 and a low estimate of $515.00. Marking an increase of 8.59%, the current average surpasses the previous average price target of $522.09. 
<img src="https://www.benzinga.com/files/images/story/2024/1729191654_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of argenx among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samantha Semenkow</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$635.00</td>
<td>$512.00</td>
</tr>
<tr>
<td>Danielle Brill</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Strong Buy</td>
<td>$605.00</td>
<td>-</td>
</tr>
<tr>
<td>Yatin Suneja</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$585.00</td>
<td>$585.00</td>
</tr>
<tr>
<td>James Gordon</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$640.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Joel Beatty</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$515.00</td>
<td>$490.00</td>
</tr>
<tr>
<td>Yatin Suneja</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$585.00</td>
<td>$545.00</td>
</tr>
<tr>
<td>Leland Gershell</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$560.00</td>
<td>$546.00</td>
</tr>
<tr>
<td>David Nierengarten</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$560.00</td>
<td>$519.00</td>
</tr>
<tr>
<td>Derek Archila</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$547.00</td>
<td>$543.00</td>
</tr>
<tr>
<td>Douglas Tsao</td>
<td>HC Wainwright &amp; Co.</td>
<td>Raises</td>
<td>Buy</td>
<td>$533.00</td>
<td>$504.00</td>
</tr>
<tr>
<td>Leland Gershell</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$546.00</td>
<td>-</td>
</tr>
<tr>
<td>Joon Lee</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$540.00</td>
<td>$480.00</td>
</tr>
<tr>
<td>David Nierengarten</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$519.00</td>
<td>$519.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to argenx. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of argenx compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of argenx's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into argenx's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ARGX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on argenx analyst ratings.</a>
<h2>Discovering argenx: A Closer Look</h2>
Argenx is a Dutch company focused on using its antibody engineering technology to treat rare autoimmune diseases. Vyvgart (efgartigimod) was initially approved in the US in December 2021 as a treatment for generalized myasthenia gravis, followed by approvals in Europe and Japan in 2022.
<h3>Unraveling the Financial Story of argenx</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: argenx displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 76.54%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Health Care sector.
Net Margin: argenx's net margin excels beyond industry benchmarks, reaching 6.09%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): argenx's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.68%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): argenx's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.61% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.01.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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