SPDR Portfolio Mortgage Backed Bond ETF (ARCA: SPMB)

Latest news for SPDR Portfolio Mortgage Backed Bond ETF (ARCA:SPMB)

In seeking to track the performance of the Bloomberg U.S. MBS Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund.

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7 ETFs Joining The SPDR Lineup of Cheap Core Funds

Luigi Mangione, the Ivy League grad <a href="https://www.benzinga.com/24/12/42541669/luigi-mangione-faces-murder-first-degree-life-in-prison-in-ceo-death-a-senseless-act-of-violence">accused of killing</a> UnitedHealthcare CEO Brian Thompson outside a New York Hilton on December 4, pled not guilty to state murder charges on Monday.
What Happened: Mangione faces 11 counts in New York, including first-degree murder, CNN <a href="https://www.cnn.com/2024/12/23/us/luigi-mangione-arraignment-new-york/index.html">reports</a>.
Veteran Manhattan prosecutor Joel Seidemann, assigned to the case by District Attorney Alvin Bragg, says the evidence against Mangione is substantial.
"I have never seen a case with such volume of evidence, aside from the issue of the quality of the evidence," Seidemann said during the proceeding. "This is not a usual case in terms of the thousands of hours of video."
Meanwhile, Mangione&#8217;s defense attorney Karen Friedman Agnifilo expressed concern about the possibility of a fair trial.
"He's a young man and he's being treated like a human ping pong ball by two warring jurisdictions here," Friedman Agnifilo said. "They're treating him like a human spectacle."
Why it Matters: Investigators allege that Mangione fled the crime scene on a bicycle, dumped his belongings in Central Park and left NYC on a bus.
The Maryland-born alumnus of the University of Pennsylvania was arrested in an Altoona, Pennsylvania McDonald&#8217;s on December 9. According to a criminal complaint, Mangione was found with a 3D-printed gun, a silencer and a fake ID.
A notebook found on Mangione in Altoona allegedly spoke negatively of the insurance industry and included a possible confession to the killing. ABC News <a href="https://abcnews.go.com/US/unitedhealthcare-ceo-shooting-suspect-inspired-unabomber-nypd-analysis/story?id=116653076">reported</a> that Mangione may have been inspired by Ted Kaczynski, also known as the Unabomber.
Mangione faced a highly publicized &#8220;perp walk&#8221; in his extradition to Manhattan on December 20. Mayor Eric Adams was seen walking closely behind Mangione following his arrival into the city, <a href="https://www.nytimes.com/2024/12/20/nyregion/luigi-mangione-eric-adams.html">according</a> to the New York Times.
Mangione&#8217;s alleged actions have drawn a polarizing response online. Several social media users expressed support of the killing, expressing outrage at the health insurance industry. Following the killing, Taylor Lorenz, a former Washington Post columnist, <a href="https://www.usermag.co/p/yes-we-want-insurance-executives">penned</a> a controversial Substack article titled, &#8220;Why &#8216;we&#8217; want insurance executives dead.&#8221;
Meanwhile, other commentators, such as New York Times columnist Bret Stephens, have <a href="https://www.nytimes.com/live/2024/12/04/opinion/thepoint/brian-thompson-luigi-mangione?smid=url-share">expressed</a> confoundment at Mangione&#8217;s online status as a &#8220;working class hero.&#8221; Mangione descended from a wealthy Maryland family and attended an elite college preparatory school. Meanwhile, Thompson grew up in rural Iowa and attended a public university.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42649864/tariffs-or-more-energy-analyst-warns-of-high-costs-limited-capacity-if-europe-bows-to-trumps-lng-push">Tariffs Or More Energy: Analyst Warns Of High Costs, Limited Capacity If Europe Bows To Trump&#8217;s LNG Push</a></li>
</ul>

Politics

Legal

Luigi Mangione, Suspected CEO Assassin, Pleads Not Guilty In New York Court

Evercore ISI Group analyst Cory Kasimov maintains BridgeBio Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) with a Outperform and raises the price target from $45 to $50.

Price Target

Analyst Ratings

BBIO

Evercore ISI Group Maintains Outperform on BridgeBio Pharma, Raises Price Target to $50

Innoviz Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) shares are trading higher Monday after the company announced a multi-year payment plan expected to <a href="https://www.benzinga.com/pressreleases/24/12/n42645310/innoviz-bolsters-financial-position-with-approx-80m-through-multi-year-nre-payment-plan-with-key-c">bolster its financial position</a>. 
What Happened: Innoviz said it entered into a multi-year&nbsp;NRE&nbsp;(Non-Recurring Engineering services) payment plan of&nbsp;approximately $80 million&nbsp;with key existing customers. 
$40 million&nbsp;is expected to be paid in 2025 with further amounts expected in 2026 and 2027.&nbsp;Innoviz said the payments will be incremental to revenues generated from ongoing sales of&nbsp;LiDAR&nbsp;products based on existing and new orders.
&#8220;NREs are essential to strategically funding our operations and reaching the start of production for several customers in 2026, and with this plan with our key customers we are poised to start 2025 from a position of financial strength,&#8221; said Omer Keilaf, founder and CEO of Innoviz. 
&#8220;We believe it is clear that our customers trust our ability to support the next generation of autonomous vehicles and meet their demands through Innoviz&#8217;s superior technology and ability to bring LiDARs to production. The expected NRE payments announced today, taken together with customer programs entering production, strengthen the financial foundation of the Company and position Innoviz to deliver significant value in the years to come.&#8221;
Check This Out: <a href="https://www.benzinga.com/24/12/42649864/tariffs-or-more-energy-analyst-warns-of-high-costs-limited-capacity-if-europe-bows-to-trumps-lng-push">Tariffs Or More Energy: Analyst Warns Of High Costs, Limited Capacity If Europe Bows To Trump&#8217;s LNG Push</a>
Innoviz said it will provide information regarding its 2025 outlook on its fourth quarter 2024 earnings call. The company is not reporting its quarterly earnings again until sometime in February. Analysts currently expect the company to report a loss of 14 cents per share and revenue of $5.86 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Innovix reported <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> in November. The company ended the period with $87.7 million in total liquidity, consisting of cash and cash equivalents, bank deposits, marketable securities and short-term restricted cash.
INVZ Price Action: <a href="http://benzinga.com/quote/invz">Innoviz shares</a> were up 24.8% at $1.44 at the time of publication Monday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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INVZ

What's Going On With Innoviz Technologies Stock Monday?

WIIM

Innoviz Technologies shares are trading higher after the company announced a multi-year Non-Recurring Engineering services payment plan of approximately $80 million with key existing customers.

Traws Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) shares are rocketing on Monday after the company disclosed advancements in the development of its one-dose investigational treatment <a href="https://www.benzinga.com/pressreleases/24/12/n42643864/traws-pharma-announces-progress-in-developing-tivoxavir-marboxil-for-h5n1-bird-flu" target="_blank" rel="noreferrer noopener">for H5N1 bird flu, tivoxavir marboxil</a>.
The Phase 1 trial was a randomized, double-blind, placebo-controlled study evaluating the safety, tolerability, and pharmacokinetics (PK) of single-dose tivoxavir marboxil in healthy, influenza-negative adults.
Topline data revealed that a single dose maintained plasma drug levels above the EC90 for over 23 days, with results from a higher dose still pending.
Preclinical studies demonstrated that tivoxavir marboxil effectively inhibited drug-resistant influenza and highly pathogenic bird flu viruses both in vitro and in vivo. The company didn&#8217;t report any treatment-related adverse events.
Notably, the Type A H5N1 virus, first detected in U.S. dairy cattle in March 2024, has since spread to at least 866 herds across 16 states.
According to the U.S. Centers for Disease Control and Prevention, over 60 people in eight states have been infected, with the first severe U.S. case confirmed in December 2024.
C. David Pauza, PhD, Chief Science Officer said, &#8220;In laboratory testing, tivoxavir marboxil inhibited multiple isolates of highly pathogenic avian influenza H5N1. We evaluated the effects of drug treatment in mice exposed to human H5N1, where the virus was isolated from a dairy worker exposed to infected cattle,&#8221;
&#8220;Oral treatment with tivoxavir marboxil after the virus infection resulted in complete survival and lung virus levels below the limit of quantitation1. This result is highly encouraging for future clinical development of tivoxavir marboxil for treating human H5N1 influenza.&#8221;
Price Action: TRAW shares are up 147.5% at $12.41 at the last check Monday.
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Photo: Shutterstock

Equities

Small Cap

TRAW

Traws Pharma Stock Rockets On Promising H5N1 Bird Flu Treatment Results

The federal government&#8217;s massive real estate footprint faces scrutiny as Tesla CEO Elon Musk and former presidential candidate Vivek Ramaswamy prepare to <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">lead Donald Trump&#8217;s new Department of Government Efficiency, nicknamed DOGE</a>. Their mandate to slash federal bureaucracy could reshape office markets nationwide.
&#8220;The implications to the real estate industry in the U.S., now facing a pullback in federal demand, would be profound,&#8221; warned Brendan Wallace, CEO of Fifth Wall, in a CNBC interview last week. The federal government currently leases approximately 150 million square feet, costing $5 billion annually, with roughly half the leases cancelable within six months.
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While Washington D.C. would feel the heaviest impact from any federal space reduction, Wallace said the ripple effects would reach across the country. The timing proves particularly challenging for an office sector already grappling with existential questions about space demand.
However, some industry experts see potential opportunities amid the disruption. &#8220;Having someone come in from outside who can understand everything technology can do may be an opportunity to save money without threatening the current workforce,&#8221; suggests David Dworkin, president of the National Housing Conference, to Housing Wire.
See Also: Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
The initiative&#8217;s strict return-to-office mandate could trigger workforce changes. Musk and Ramaswamy&#8217;s Wall Street Journal op-ed embraces potential &#8220;voluntary terminations,&#8221; while simultaneously exploring options to monetize federal real estate assets through vehicles like REITs.
Beyond office space, Wallace identifies AI&#8217;s emerging influence on real estate markets as another factor. &#8220;The real estate industry is just now grappling with some of these big questions not just about how AI is going to make our business more efficient, but how it&#8217;s going to fundamentally change the business of real estate itself,&#8221; he explains.
Pat Cave, senior vice president at Enterprise Community Partners, argues against assuming negative outcomes. &#8220;I think the assumption that Trump is bad for housing is false,&#8221; he told Housing Wire, citing increased housing investments during Trump&#8217;s first term.
Trending: During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a>
The initiative&#8217;s exact impact remains unclear, though housing agencies already face staffing challenges. Jung Choi of the Urban Institute notes both HUD and Ginnie Mae operate understaffed, potentially complicating program implementation, particularly for natural disaster response. The potential privatization of government-sponsored enterprises adds another layer of uncertainty. &#8220;I mean, it wasn&#8217;t directly mentioned by Trump himself, but then [Mark] Calabria and other people did suggest that GSEs should be released from their conservatorship,&#8221; Choi said, pointing to possible shifts in housing finance policy under the new administration.
As DOGE takes shape, its influence could <a href="https://www.benzinga.com/startups/24/12/42508653/bernie-sanders-supports-elon-musks-doge-stating-that-it-must-target-the-pentagons-886-billion-budget">extend beyond direct federal real estate holdings to shape broader market dynamics</a>, from office demand patterns to housing policy implementation.
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<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
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Real Estate

Elon Musk's DOGE Era: How Real Estate Could Be Different Under Trump's New Administration

In the current session, the stock is trading at $599.01, after a 2.35% increase. Over the past month, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) stock increased by 4.16%, and in the past year, by 68.37%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1734975911_0.png" alt="Past Year Chart" />

<h3>Meta Platforms P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 51.3 in the Interactive Media &amp; Services industry, Meta Platforms Inc. has a lower P/E ratio of 27.62. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734975911_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

A Look Into Meta Platforms Inc's Price Over Earnings

Deribit CEO Luuk Strijers has pointed to $84,000 as the &#8220;max pain&#8221; level for Bitcoin ahead of a <a href="https://www.benzinga.com/money/options">significant December options</a> expiry, suggesting the market could be pulled down to this level before finding new equilibrium.
Strijers&#8217; analysis highlights the unique dynamics of the upcoming quarterly expiry, which accounts for 44% of all outstanding Bitcoin options, making it the largest options expiry this year.
"The max pain level is $84,000, which is the typical indication of where to expect this expiry to end up in normal market circumstances," Strijers told Benzinga about the upcoming Dec. 27 expiry. 
He explained that max pain levels, derived from the strike price where most open interest resides, often act as a gravitational pull on the market during major expiries.
Bitcoin is currently trading at $93,100 levels, down 2.5% over the last 24 hours. Ether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is trading at $3,270, down 1% for the day.
Other major altcoins like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are trading down 0.2%, 0.5% and 1.5%, respectively, according to data from CoinGecko.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42644568/institutional-crypto-adoption-for-real-this-time-says-messari">Institutional Crypto Adoption &#8216;For Real This Time,&#8217; Says Messari</a>
<h3 class="wp-block-heading">Market Magnetism And Expiry Dynamics</h3>
Strijers noted that the large expiry, with $14 billion of Bitcoin options set to expire, could act as a &#8220;magnet,&#8221; drawing Bitcoin prices closer to the $84,000 level. 
"This large expiry might pull the market down toward $84,000, and after Friday morning, we might see a release moment for the market to rebalance or refine its new destination," he said.
The unusual size of in-the-money options adds to the complexity. 
Strijers revealed that $4.3 billion worth of Bitcoin options—approximately 30% of the total—are currently in-the-money, a figure significantly higher than usual. 
In the context of options trading, an option is considered in-the-money (ITM) when it has intrinsic value. 
For call options, this means the current market price of the underlying asset (in this case, Bitcoin) is higher than the strike price of the option. 
Conversely, for put options, it means the market price is below the strike price.
This elevated level of in-the-money options necessitates delta hedging, which could contribute to increased volatility during and after the expiry.
Delta hedging is a strategy where traders adjust positions in the underlying asset to neutralize risk from price changes, often amplifying market volatility during major options expiries.
<h3 class="wp-block-heading">Bullish Long-Term Sentiment Despite Short-Term Pressure</h3>
While Strijers acknowledged the possibility of a temporary correction pulling Bitcoin prices lower, he emphasized the long-term bullish sentiment in the market. 
"Market circumstances are rather bullish, and upside potential remains high. The next major expiry in March sees strikes as high as $120,000 or even $150,000," he said, pointing to the significant open interest in higher strike calls.
Strijers also highlighted that the put-call ratio stands at 0.44, indicating a stronger preference for calls, which is generally a bullish indicator. 
A put-call ratio of 0.44 means that the volume of put options (bets on price decreases) is significantly lower than the volume of call options (bets on price increases). This indicates a bullish market sentiment, as more traders are speculating on Bitcoin's price rising rather than falling.
Despite the short-term pullback, Strijers said, "The market is not bearish at all. It's still positioned in a positive way."
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42627116/bitcoin-ethereum-xrp-dogecoin-whipsaw-but-these-4-key-factors-make-it-a-hiccup-not-a-downturn">Bitcoin, Ethereum, XRP, Dogecoin Whipsaw, But These 4 Key Factors Make It A &#8216;Hiccup,&#8217; Not A Downturn</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$SHIB

$SOL

$84,000 Is Bitcoin's Worst Case, Options Trading Firm CEO Says

DRCT

Direct Digital Shares Resume Trade Then Again Halted On Circuit Breaker To The Upside, Stock Now Up 514.5%

Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares are moving lower on Monday after a U.S. federal court reportedly found that QAULCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) did not breach Nuvia&#8216;s license agreement with the company, <a href="https://www.bloomberg.com/news/articles/2024-12-20/qualcomm-wins-licensing-fight-with-arm-over-chip-designs">Bloomberg</a> reported on Friday.
The Details: The jury determined that Qualcomm&#8217;s chips are properly licensed under its agreement with Arm and concluded that Qualcomm did not violate the terms of its agreement by incorporating technology into its chips without paying a higher licensing rate. However, the jury could not unanimously determine if Nuvia breached its license agreement.
This verdict follows a legal battle in which Arm argued that Qualcomm and its subsidiary, Nuvia, required new agreements to continue using the company&#8217;s technology. Qualcomm, on the other hand, maintained that it held a broad, separate license for Arm's innovations that covered its operations.
Qualcomm relies on its <a href="https://www.benzinga.com/news/24/10/41495038/whats-going-on-with-arm-holdings-shares-wednesday">licensing agreement</a> with Arm to integrate the company's technology into its chips. For instance, its partnership with major companies like Samsung relies on this technology to power their devices.
Since the jury could not reach a unanimous verdict on whether Nuvia breached its license agreement, Arm expressed its interest in filing for a retrial and stated that it was disappointed that the jury did not reach a consensus on the claims.
Qualcomm said, "The jury has vindicated Qualcomm's right to innovate and affirmed that all the Qualcomm products at issue in the case are protected by Qualcomm's contract with Arm."
See Also: <a href="https://www.benzinga.com/insights/options/24/12/42650694/check-out-what-whales-are-doing-with-boeing">Check Out What Whales Are Doing With Boeing</a>
ARM Price Action: At the time of publication, Arm stock is trading 2.97% lower at $128.23, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via Shutterstock

QCOM

What's Going On With Arm Stock Monday?

Direct Digital Shares Resume Trade Then Again Halted On Circuit Breaker To The Upside, Stock Now Up 456.4%

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$34.5K</td>
<td>1.8K</td>
<td align="right">819</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$65.00</td>
<td>$89.6K</td>
<td>1.3K</td>
<td align="right">800</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.00</td>
<td>$80.8K</td>
<td>59.2K</td>
<td align="right">694</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$270.00</td>
<td>$30.7K</td>
<td>152</td>
<td align="right">326</td>
</tr>
<tr>
<td>NU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$10.00</td>
<td>$26.1K</td>
<td>2.3K</td>
<td align="right">206</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$88.05</td>
<td>$26.6K</td>
<td>1.3K</td>
<td align="right">92</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$380.00</td>
<td>$26.7K</td>
<td>263</td>
<td align="right">63</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$37.00</td>
<td>$35.8K</td>
<td>2.1K</td>
<td align="right">37</td>
</tr>
<tr>
<td>LMND</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$30.0K</td>
<td>91</td>
<td align="right">30</td>
</tr>
<tr>
<td>AJG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$300.00</td>
<td>$26.6K</td>
<td>75</td>
<td align="right">20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option trade with neutral sentiment. It expires in 25 day(s) on January 17, 2025. Parties traded 250 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $138.0 per contract. There were 1809 open contracts at this strike prior to today, and today 819 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a put option sweep with bearish sentiment. It expires in 88 day(s) on March 21, 2025. Parties traded 800 contract(s) at a $65.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $89.6K, with a price of $112.0 per contract. There were 1321 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option trade that happens to be bullish, expiring in 389 day(s) on January 16, 2026. This event was a transfer of 165 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $80.8K, with a price of $490.0 per contract. There were 59247 open contracts at this strike prior to today, and today 694 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on January 3, 2025. This event was a transfer of 27 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $1140.0 per contract. There were 152 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• Regarding NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we observe a put option trade with bullish sentiment. It expires in 207 day(s) on July 18, 2025. Parties traded 203 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $26.1K, with a price of $129.0 per contract. There were 2306 open contracts at this strike prior to today, and today 206 contract(s) were bought and sold. 
• For FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on January 17, 2025. This event was a transfer of 70 contract(s) at a $88.05 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $380.0 per contract. There were 1359 open contracts at this strike prior to today, and today 92 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a put option trade that happens to be bearish, expiring in 753 day(s) on January 15, 2027. This event was a transfer of 4 contract(s) at a $380.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $6695.0 per contract. There were 263 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 753 day(s) on January 15, 2027. This event was a transfer of 24 contract(s) at a $37.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $1490.0 per contract. There were 2139 open contracts at this strike prior to today, and today 37 contract(s) were bought and sold. 
• For LMND (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), we notice a put option trade that happens to be bullish, expiring in 389 day(s) on January 16, 2026. This event was a transfer of 30 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1000.0 per contract. There were 91 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold. 
• For AJG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>), we notice a call option sweep that happens to be bearish, expiring in 207 day(s) on July 18, 2025. This event was a transfer of 20 contract(s) at a $300.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $1330.0 per contract. There were 75 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

FUTU

HOOD

LMND

SOFI

10 Financials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$430.00</td>
<td>$33.4K</td>
<td>6.9K</td>
<td>44.9K</td>
</tr>
<tr>
<td>PENN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$18.00</td>
<td>$114.5K</td>
<td>7.2K</td>
<td>5.0K</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$1.4 million</td>
<td>36.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$35.1K</td>
<td>102.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>MLCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$115.2K</td>
<td>168</td>
<td>1.3K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$31.5K</td>
<td>25.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$36.00</td>
<td>$168.1K</td>
<td>3.1K</td>
<td>628</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$13.00</td>
<td>$40.8K</td>
<td>1.5K</td>
<td>415</td>
</tr>
<tr>
<td>LEA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$105.00</td>
<td>$39.2K</td>
<td>64</td>
<td>182</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$115.00</td>
<td>$37.3K</td>
<td>2.2K</td>
<td>102</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on December 27, 2024. Parties traded 30 contract(s) at a $430.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $1115.0 per contract. There were 6960 open contracts at this strike prior to today, and today 44923 contract(s) were bought and sold. 
• For PENN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on December 27, 2024. This event was a transfer of 4982 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $114.5K, with a price of $23.0 per contract. There were 7265 open contracts at this strike prior to today, and today 5068 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be neutral, expiring in 25 day(s) on January 17, 2025. This event was a transfer of 1600 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $1.4 million, with a price of $880.0 per contract. There were 36834 open contracts at this strike prior to today, and today 1602 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option sweep that happens to be bearish, expiring in 389 day(s) on January 16, 2026. This event was a transfer of 1000 contract(s) at a $20.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $35.1K, with a price of $35.0 per contract. There were 102646 open contracts at this strike prior to today, and today 1577 contract(s) were bought and sold. 
• For MLCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLCO#NASDAQ">MLCO</a>), we notice a put option sweep that happens to be bullish, expiring in 389 day(s) on January 16, 2026. This event was a transfer of 1647 contract(s) at a $5.00 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $115.2K, with a price of $70.0 per contract. There were 168 open contracts at this strike prior to today, and today 1324 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $633.0 per contract. There were 25279 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option trade with bearish sentiment. It expires in 60 day(s) on February 21, 2025. Parties traded 625 contract(s) at a $36.00 strike. The total cost received by the writing party (or parties) was $168.1K, with a price of $269.0 per contract. There were 3187 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold. 
• For MBLY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), we notice a put option sweep that happens to be bullish, expiring in 389 day(s) on January 16, 2026. This event was a transfer of 174 contract(s) at a $13.00 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $40.8K, with a price of $235.0 per contract. There were 1530 open contracts at this strike prior to today, and today 415 contract(s) were bought and sold. 
• Regarding LEA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>), we observe a call option sweep with bearish sentiment. It expires in 179 day(s) on June 20, 2025. Parties traded 77 contract(s) at a $105.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $39.2K, with a price of $510.0 per contract. There were 64 open contracts at this strike prior to today, and today 182 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 179 day(s) on June 20, 2025. Parties traded 41 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $37.3K, with a price of $910.0 per contract. There were 2285 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPRI

MBLY

Melco Resorts & Entertainment Limited - American Depositary Shares

MLCO

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PENN

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$140.00</td>
<td>$35.7K</td>
<td>128.2K</td>
<td>138.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$125.00</td>
<td>$36.4K</td>
<td>20.6K</td>
<td>51.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$76.00</td>
<td>$33.7K</td>
<td>3.7K</td>
<td>10.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$225.00</td>
<td>$47.6K</td>
<td>2.3K</td>
<td>6.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/03/25</td>
<td>$220.00</td>
<td>$59.6K</td>
<td>2.5K</td>
<td>6.2K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/27/24</td>
<td>$207.50</td>
<td>$78.4K</td>
<td>2.7K</td>
<td>5.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$175.00</td>
<td>$48.1K</td>
<td>12.5K</td>
<td>3.9K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$123.0K</td>
<td>6.2K</td>
<td>2.6K</td>
</tr>
<tr>
<td>RGTI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$11.50</td>
<td>$31.4K</td>
<td>498</td>
<td>1.9K</td>
</tr>
<tr>
<td>PCOR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$75.00</td>
<td>$44.1K</td>
<td>4</td>
<td>1.7K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with neutral sentiment. It expires in 25 day(s) on January 17, 2025. Parties traded 60 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $595.0 per contract. There were 128293 open contracts at this strike prior to today, and today 138609 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on December 27, 2024. This event was a transfer of 175 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $36.4K, with a price of $208.0 per contract. There were 20604 open contracts at this strike prior to today, and today 51282 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on December 27, 2024. Parties traded 512 contract(s) at a $76.00 strike. This particular put needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $33.7K, with a price of $66.0 per contract. There were 3747 open contracts at this strike prior to today, and today 10392 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on December 27, 2024. This event was a transfer of 280 contract(s) at a $225.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $170.0 per contract. There were 2349 open contracts at this strike prior to today, and today 6435 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bearish, expiring in 11 day(s) on January 3, 2025. This event was a transfer of 345 contract(s) at a $220.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $59.6K, with a price of $173.0 per contract. There were 2567 open contracts at this strike prior to today, and today 6231 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on December 27, 2024. This event was a transfer of 253 contract(s) at a $207.50 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $78.4K, with a price of $310.0 per contract. There were 2724 open contracts at this strike prior to today, and today 5900 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on January 17, 2025. This event was a transfer of 6 contract(s) at a $175.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.1K, with a price of $8030.0 per contract. There were 12539 open contracts at this strike prior to today, and today 3920 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a call option trade that happens to be bearish, expiring in 25 day(s) on January 17, 2025. This event was a transfer of 300 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $123.0K, with a price of $410.0 per contract. There were 6278 open contracts at this strike prior to today, and today 2616 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a put option trade with bearish sentiment. It expires in 4 day(s) on December 27, 2024. Parties traded 200 contract(s) at a $11.50 strike. The total cost received by the writing party (or parties) was $31.4K, with a price of $157.0 per contract. There were 498 open contracts at this strike prior to today, and today 1971 contract(s) were bought and sold. 
• Regarding PCOR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>), we observe a put option trade with bearish sentiment. It expires in 60 day(s) on February 21, 2025. Parties traded 94 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $44.1K, with a price of $470.0 per contract. There were 4 open contracts at this strike prior to today, and today 1700 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

AVGO

MSTR

NVDA

PCOR

PLTR

RGTI

10 Information Technology Stocks Whale Activity In Today's Session

Perma-Pipe Inlt Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPIH#NASDAQ">PPIH</a>) reported quarterly earnings of $0.31 per share. This is a 29.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported $41.56 million in sales this quarter. This is a 9.03 percent decrease over sales of $45.69 million the same period last year.

Earnings

PPIH

Perma-Pipe Inlt Hldgs Q3 EPS $0.31 Up From $0.24 YoY, Sales $41.56M Down From $45.69M YoY

Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares are surging after the company disclosed that it had launched <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42646200/rigetti-computing-launches-84-qubit-ankaa-3-system-achieves-99-5-median-two-qubit-gate-fidelity-mi" rel="noreferrer noopener">84-qubit Ankaa-3 quantum computer</a>.
The system introduces a redesigned hardware architecture that delivers improved performance, achieving significant milestones in two-qubit gate fidelity &#8211; 99.0% median fidelity for iSWAP gates and 99.5% for fSim gates, with error rates halved in 2024.
Ankaa-3 is accessible through Rigetti Quantum Cloud Services (QCS&#xAE;) and will be available on Amazon Braket and Microsoft Azure in the first quarter of 2025.
The company supports a wide range of algorithmic research with iSWAP gates operating at 72-nanosecond median times and faster fSim gates at 56 nanoseconds, ideal for applications like random circuit sampling.
Rigetti Computing plans to advance its modular system architecture in 2025, focusing on increasing fidelities and reducing error rates.
By mid-2025, the company aims to launch a 36-qubit system composed of four interconnected 9-qubit chips, targeting a twofold reduction in error rates.
By year-end, Rigetti expects to unveil a system exceeding 100 qubits, with the same targeted error rate improvement.
Dr. Subodh Kulkarni, Rigetti CEO said, &#8220;With approximately $225 million of cash, cash equivalents and available for sale investments and no debt, we are extremely confident in our ability to deliver on our roadmap and performance goals.&#8221;
&#8221;The remarkable performance of Ankaa-3 reinforces our leadership in the superconducting quantum computing field &#8212; which we believe is the winning modality for high-performance quantum computers due to their many advantages, including fast gate speeds and well-established manufacturing processes,&#8221;
Investors can gain exposure to the stock via&nbsp;Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>) and Spear Alpha ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRX#NASDAQ">SPRX</a>).
Price Action: RGTI shares are up 16.3% at $10.91 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/12/42638753/quantum-computing-the-new-ai-a-look-at-the-rapidly-expanding-market-and-top-stocks-for-2025" target="_blank" rel="noreferrer noopener">Quantum Computing: The New AI? A Look at the Rapidly Expanding Market and Top Stocks For 2025</a></li>
</ul>
Photo: Shutterstock

Mid Cap

Tech

QTUM

SPRX

Why Are Rigetti Computing Shares Surging On Monday?

Morgan Stanley analyst Megan Alexander maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Equal-Weight and maintains $197 price target.

Morgan Stanley Maintains Equal-Weight on Vail Resorts, Maintains $197 Price Target

Direct Digital Shares Resume Trade Then Again Halted On Circuit Breaker To The Upside, Stock Now Up 405.5%

Investors with a lot of money to spend have taken a bullish stance on Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>).
And retail traders should know.
We noticed this today when the positions 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 DLTR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Dollar Tree.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,732, and 9, calls, for a total amount of $698,144.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $125.0 for Dollar Tree, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Dollar Tree's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Dollar Tree's significant trades, within a strike price range of $65.0 to $125.0, over the past month.
<h3>Dollar Tree Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734975029_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$10.45</td>
<td>$10.4</td>
<td>$10.4</td>
<td>$70.00</td>
<td>$214.2K</td>
<td>446</td>
<td align="right">215</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.45</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$85.00</td>
<td>$112.8K</td>
<td>8.3K</td>
<td align="right">417</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.3</td>
<td>$85.00</td>
<td>$108.9K</td>
<td>8.3K</td>
<td align="right">761</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.99</td>
<td>$2.79</td>
<td>$2.79</td>
<td>$74.00</td>
<td>$63.0K</td>
<td>0</td>
<td align="right">227</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.95</td>
<td>$9.25</td>
<td>$9.75</td>
<td>$65.00</td>
<td>$48.7K</td>
<td>801</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Dollar Tree</h3>
Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.
<h3>Current Position of Dollar Tree</h3>
<ul>
<li>Currently trading with a volume of 897,891, the DLTR's price is down by -0.33%, now at $72.7. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
<h3>What The Experts Say On Dollar Tree</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Dollar Tree, maintaining a target price of $75. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Dollar Tree with a target price of $70. 
&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on Dollar Tree, maintaining a target price of $92. 
&#x2A; An analyst from Jefferies has decided to maintain their Hold rating on Dollar Tree, which currently sits at a price target of $75. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Dollar Tree, targeting a price of $83. 
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 Dollar Tree, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

DLTR

Market Whales and Their Recent Bets on DLTR Options

Investors with a lot of money to spend have taken a bearish stance on Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with CEG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Constellation Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $877,860, and there was 1 call, for a total amount of $29,400.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $185.0 to $250.0 for Constellation Energy over the recent 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 Constellation Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Constellation Energy's significant trades, within a strike price range of $185.0 to $250.0, over the past month.
<h3>Constellation Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734975024_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$34.8</td>
<td>$33.5</td>
<td>$34.3</td>
<td>$200.00</td>
<td>$205.8K</td>
<td align="right">67</td>
<td align="right">60</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$185.00</td>
<td>$136.0K</td>
<td align="right">251</td>
<td align="right">450</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.6</td>
<td>$185.00</td>
<td>$115.8K</td>
<td align="right">251</td>
<td align="right">207</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.3</td>
<td>$5.7</td>
<td>$185.00</td>
<td>$114.0K</td>
<td align="right">251</td>
<td align="right">808</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.3</td>
<td>$5.7</td>
<td>$185.00</td>
<td>$88.3K</td>
<td align="right">251</td>
<td align="right">607</td>
</tr>
</tbody>
</table>

<h3>About Constellation Energy</h3>
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Having examined the options trading patterns of Constellation Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Constellation Energy Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 691,268, with CEG's price up by 0.5%, positioned at $228.16.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 64 days.</li>
</ul>
<h3>Expert Opinions on Constellation Energy</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $269.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from B of A Securities upgrades its rating to Buy with a revised price target of $269. 
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 Constellation Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Constellation Energy's Options Frenzy: What You Need to Know

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