Amplify ETF Trust Amplify BlackSwan Growth & Treasury Core ETF (ARCA: SWAN)

Latest news for Amplify ETF Trust Amplify BlackSwan Growth & Treasury Core ETF (ARCA:SWAN)

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The fund will invest at least 80% of its total assets in the securities that comprise the index, which will primarily include U.S. Treasury securities and long-dated call options (LEAP Options) on the SPDR S&P 500 ETF Trust (SPY). The index is a rules-based, quantitative index that seeks to provide capital protection against the unpredictable, rare and highly disruptive events that have come to be referred to as Black Swans. The fund is non-diversified.

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HACK

SWAN

ETF Managers Group founder and CEO Samuel Masucci resigned from his role as chief executive and other related positions as part of a settlement with the Securities and Exchange Commission (SEC), which notified him of its decision to bring a civil action stemming from a probe into the company’s cannabis exchange-traded fund.

ETF Managers Group CEO Samuel Masucci Steps Down Amid SEC Probe And Alleged Conflicts Of Interest

Amplify ETF Trust Amplify BlackSwan Growth & Treasury Core ETF

Swan Hedged Equity US Large Cap ETF

Financial giants have made a conspicuous bullish move on EQT. Our analysis of options history for EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $139,334, and 7 were calls, valued at $434,510.
<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 $30.0 to $50.0 for EQT during the past quarter. 
<h3>Insights into 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 EQT'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 EQT's whale trades within a strike price range from $30.0 to $50.0 in the last 30 days. 
<h3>EQT Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732564831_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$0.85</td>
<td>$0.68</td>
<td>$0.75</td>
<td>$50.00</td>
<td>$112.5K</td>
<td>2.5K</td>
<td>517</td>
</tr>
<tr>
<td>EQT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.26</td>
<td>$0.25</td>
<td>$0.26</td>
<td>$43.00</td>
<td>$107.6K</td>
<td>1.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.75</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$46.00</td>
<td>$106.9K</td>
<td>1.5K</td>
<td>232</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$8.3</td>
<td>$8.0</td>
<td>$8.19</td>
<td>$43.00</td>
<td>$73.7K</td>
<td>132</td>
<td>11</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.51</td>
<td>$2.39</td>
<td>$2.51</td>
<td>$47.00</td>
<td>$50.1K</td>
<td>1.6K</td>
<td>220</td>
</tr>
</tbody>
</table>

<h3>About EQT</h3>
EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.
<h3>Where Is EQT Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 8,088,543, with EQT's price up by 1.07%, positioned at $46.41.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About EQT</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $42.2.
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 Stephens &amp; Co. keeps a Equal-Weight rating on EQT with a target price of $38. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on EQT with a target price of $45. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on EQT with a target price of $52. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for EQT, targeting a price of $42. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for EQT, targeting a price of $34. 
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 EQT, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Smart Money Is Betting Big In EQT Options

Deep-pocketed investors have adopted a bullish approach towards IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IONQ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 46 extraordinary options activities for IonQ. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 41% bearish. Among these notable options, 9 are puts, totaling $506,265, and 37 are calls, amounting to $2,889,406.
<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 $5.0 to $50.0 for IonQ during the past quarter. 
<h3>Insights into 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 IonQ'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 IonQ's whale trades within a strike price range from $5.0 to $50.0 in the last 30 days. 
<h3>IonQ Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732564826_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$24.0</td>
<td>$21.5</td>
<td>$24.0</td>
<td>$12.50</td>
<td>$480.0K</td>
<td>480</td>
<td align="right">200</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$21.1</td>
<td>$19.75</td>
<td>$19.75</td>
<td>$15.00</td>
<td>$296.2K</td>
<td>4.4K</td>
<td align="right">0</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.4</td>
<td>$9.35</td>
<td>$9.5</td>
<td>$50.00</td>
<td>$285.0K</td>
<td>13</td>
<td align="right">357</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$9.75</td>
<td>$9.5</td>
<td>$9.5</td>
<td>$50.00</td>
<td>$136.8K</td>
<td>13</td>
<td align="right">657</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$35.00</td>
<td>$123.2K</td>
<td>230</td>
<td align="right">235</td>
</tr>
</tbody>
</table>

<h3>About IonQ</h3>
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
After a thorough review of the options trading surrounding IonQ, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>IonQ's Current Market Status</h3>
<ul>
<li>Trading volume stands at 26,800,843, with IONQ's price down by -1.64%, positioned at $31.28.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 93 days.</li>
</ul>
<h3>What The Experts Say On IonQ</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $20.666666666666668.
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; Maintaining their stance, an analyst from Craig-Hallum continues to hold a Buy rating for IonQ, targeting a price of $22. 
&#x2A; Consistent in their evaluation, an analyst from Needham keeps a Buy rating on IonQ with a target price of $18. 
&#x2A; Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for IonQ, targeting a price of $22. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IonQ options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

IONQ

Smart Money Is Betting Big In IONQ Options

Investors with a lot of money to spend have taken a bearish stance on Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LMT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 40 uncommon options trades for Lockheed Martin.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 45%, bearish.
Out of all of the special options we uncovered, 26 are puts, for a total amount of $1,899,414, and 14 are calls, for a total amount of $920,206.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $900.0 for Lockheed Martin over the last 3 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 Lockheed Martin's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lockheed Martin's substantial trades, within a strike price spectrum from $230.0 to $900.0 over the preceding 30 days.
<h3>Lockheed Martin Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732564820_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>LMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.2</td>
<td>$7.8</td>
<td>$8.2</td>
<td>$500.00</td>
<td>$205.0K</td>
<td align="right">669</td>
<td align="right">323</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.5</td>
<td>$7.9</td>
<td>$8.2</td>
<td>$500.00</td>
<td>$204.1K</td>
<td align="right">669</td>
<td align="right">573</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.6</td>
<td>$7.0</td>
<td>$7.6</td>
<td>$500.00</td>
<td>$189.2K</td>
<td align="right">669</td>
<td align="right">597</td>
</tr>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$133.5</td>
<td>$132.5</td>
<td>$133.5</td>
<td>$400.00</td>
<td>$160.2K</td>
<td align="right">19</td>
<td align="right">12</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.8</td>
<td>$11.6</td>
<td>$11.6</td>
<td>$485.00</td>
<td>$156.5K</td>
<td align="right">45</td>
<td align="right">136</td>
</tr>
</tbody>
</table>

<h3>About Lockheed Martin</h3>
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
Having examined the options trading patterns of Lockheed Martin, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Lockheed Martin Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,752,276, the LMT's price is down by -4.62%, now at $517.17. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 57 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lockheed Martin</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $565.0.
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; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Lockheed Martin with a target price of $565. 
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 Lockheed Martin, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Lockheed Martin's Options: A Look at What the Big Money is Thinking

Upexi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) shares are trading lower. The company filed a complaint in the U.S. District Court for Nevada to investigate those behind the manipulative fractional share round-up scheme during its <a href="https://www.benzinga.com/news/24/10/41548075/whats-going-on-with-upexi-shares-friday">reverse stock split.</a>
The Details: Upexi believes that through the discovery process the company will be able to decipher who engaged in the manipulative trading transactions.
The company completed a 12-for-1 reverse stock split in early October. Before the split, it had fewer than 5,000 shareholders. Following the split, five brokerage firms requested 199,059 of the 202,183 total roundup shares, which account for about 19% of Upexi&#8217;s outstanding stock. 
This represents approximately 40 times the number of shareholders the company had before the reverse stock split.
&#8220;The company has taken the first and precedent-setting action in exposing the blatant manipulation around reverse stock splits. Since our previous release regarding this issue, I have been contacted by a number of companies who also were victims of this damaging stock manipulation scheme. I am astonished by the extent of the evidentiary support and encouragement I have received from multiple sources to advance our claims against those whom we believe manipulated the shares of Upexi and other securities,&#8221; said Allan Marshall, CEO of Upexi.
Related Link: <a href="https://www.benzinga.com/news/24/11/42154628/larry-page-google-co-founder-said-hed-leave-his-fortune-to-elon-musk-over-charity-because-of-his-plans-to-go">Larry Page, Google Co-Founder, Said He&#8217;d Leave His Fortune To Elon Musk Over Charity Because Of His Plans &#8216;To Go To Mars To Back Up Humanity&#8217;</a>
UPXI Price Action: At the time of writing, Upexi shares are trading 11.9% lower at $4.97, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

UPXI

What's Going On With Upexi Shares Monday?

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has gained traction amid rising burn rates, sparking optimism among technical analysts about bullish momentum <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">for the token.</a>
What Happened: According to Shibburn data, the burn rate for SHIB surged by 486.8% over the past day, with 5.9 million SHIB coins permanently removed from circulation.
 A single transaction alone accounted for around 2 million burned tokens.
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, recently <a href="https://x.com/ShytoshiKusama/status/1860503088324387310">noted</a> that while burning 99% of SHIB's supply seemed improbable in the past, it now appears achievable due to increasing collaborations within the Shibarium ecosystem.
Kusama urged more projects to adopt Shibarium's tech stack to accelerate the burn rate
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154817/crypto-analyst-sees-shiba-inu-surging-more-than-2000-in-coming-rally">Crypto Analyst Sees Shiba Inu Surging More Than 2,000% In Coming Rally</a>
Why It Matters: Despite the spike in the burn rate, data from IntoTheBlock shows a 48% decline in large transaction volumes and a 24.6% drop in daily active addresses. 
Transactions exceeding $100,000 fell from 939 to 626 in a single day.
On the other hand, Shibariumscan recorded a rise in daily transactions, increasing from 4.75 million on Nov. 23 to 4.77 million on Nov. 24. 
DefiLlama data highlighted that Shibarium's total value locked (TVL) reached an all-time high of $4.76 million.
Benzinga Technical Analysis shows a relative strength index (RSI) of 39 for SHIB, suggesting the token is currently oversold, which could lead to a price rebound. 
Shiba Inu's 50-day Simple Moving Average (SMA) has surpassed its 100-day and 200-day SMA, signaling a bullish trend and potential buying opportunities.
Price Action: Shiba Inu is trading at $0.00002564 at the time of writing, up 2.5% over the past 24 hours.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42135319/dogecoin-up-3-shiba-inu-up-4-what-is-going-on">Dogecoin Up 3%, Shiba Inu Up 4%: What Is Going On?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$SHIB

Shiba Inu Burn Rate Soars 487% In A Day: What Is Going On?

WIIM

CHGG

Chegg shares are trading higher after the company announced the repurchase of its 0% convertible senior notes due 2026.

HOOD

Robinhood Markets shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $24 to $55.

<a href="https://www.benzinga.com/topic/compass-pathways">COMPASS Pathways</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>), a key player in the <a href="https://www.benzinga.com/markets/psychedelics">psychedelics industry</a>, recently experienced a $43 million drop in market capitalization, reducing its value to $302 million. As Simply Wall St. <a href="https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-cmps/compass-pathways/news/in-the-wake-of-compass-pathways-plcs-nasdaqcmps-latest-us43m">reported</a>, this decline has placed institutional investors, who own 30% of the company's shares, under increasing pressure to act. The stock has already faced a 32% loss over the past year, raising concerns about its future trajectory.
<h3 class="wp-block-heading">Institutional Ownership And Its Implications</h3>
Institutional investors, often referred to as &#8220;smart money,&#8221; hold the largest stake in COMPASS Pathways. These entities, which include hedge funds owning 13%, are known for their active investment strategies and significant influence on stock prices. A simultaneous sell-off by large institutional shareholders could exacerbate the company's losses, making the current situation pivotal for its stability.
The top nine shareholders collectively own 52% of the company, with George Goldsmith, a co-founder, holding the largest individual stake at 11%. Such concentrated ownership underscores the significant influence these stakeholders wield over the company's future.
<h3 class="wp-block-heading">Insider And Public Stakeholders</h3>
Insiders account for 15% of ownership, valued at $46 million. This level of insider investment suggests a strong alignment of interests between the company&#8217;s leadership and its shareholders. However, balancing the influence of insiders with accountability remains a concern.
The general public holds 25% of COMPASS Pathways, reflecting the involvement of retail investors in the company&#8217;s trajectory. While this group lacks the power to dictate strategy, it plays a critical role in shaping sentiment and trading activity.
<h3 class="wp-block-heading">Private Equity And Strategic Interests</h3>
Private equity firms control 5.6% of COMPASS Pathways, signaling potential for strategic input into the company's operations. Additionally, public companies own 10% of the business, likely reflecting related business interests or a de-merger history, warranting further investigation into these relationships.
<h3 class="wp-block-heading">Broader Implications&nbsp;</h3>
The recent market cap drop highlights the challenges faced by COMPASS Pathways amid broader industry volatility. As institutions weigh their options, the potential for further sell-offs looms, which could negatively impact retail and smaller investors. Analysts will be closely monitoring the company&#8217;s ability to stabilize its earnings trajectory and maintain investor confidence.
Compass shares traded +2.04% at $4.50 per share at the time of this publication early afternoon on Monday.
Cover image made with AI

Psychedelics

CMPS

COMPASS Pathways: Institutional Pressure Amid $43M Market Cap Decline, What's Next For This Psychedelics Co?

President-elect Donald Trump's legal troubles are set to ease after Special Counsel Jack Smith formally requested the dismissal of federal charges Monday linked to alleged attempts to overturn the 2020 election.
The move, filed in a Washington federal court Monday, is based on long-standing Justice Department guidance, <a href="https://www.cbsnews.com/">CBS News</a> reports.
What Happened: Smith asked the court to drop the charges against Trump, citing constitutional protections that shield sitting presidents from prosecution. The Justice Department concluded that allowing the case to proceed would conflict with these protections. 
Trump's legal team did not oppose the motion, and the dismissal is expected to be approved before his January inauguration.
Federal prosecutors had accused Trump of attempting to block the transfer of power after losing the 2020 election. The indictment alleged a coordinated effort to challenge the election results and pressure officials to overturn Joe Biden's victory. 
Also Read: <a href="https://www.benzinga.com/general/health-care/24/11/42077935/trump-picks-dr-oz-who-says-seniors-should-give-medical-marijuana-a-try-to-lead-centers-for-medicare-and-medicaid-services">Trump Picks Dr. Oz, Who Says Seniors Should Give Medical Marijuana A Try, To Lead Centers For Medicare And Medicaid Services</a>
Why It Matters: The decision brings an end to one of the most high-profile federal cases against Trump. Critics warn that dropping charges could create a precedent where sitting presidents are shielded from federal accountability. 
Smith, whose investigations also included Trump's handling of classified documents, is expected to resign after submitting a final report.
Trump, meanwhile, <a href="https://www.benzinga.com/news/24/11/42152895/trump-plans-doj-overhaul-including-firing-of-jack-smiths-team">plans sweeping changes</a> to the Department of Justice. Reports suggest he intends to fire Smith's team and revisit allegations of voter fraud, despite repeated findings that such claims lack evidence. Legal experts caution these moves could further erode trust in the Justice Department's impartiality.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42158373/trumps-commerce-secretary-pick-howard-lutnicks-fund-owns-1-19b-in-nvidia-804m-in-tesla-here-is-a-look-at-his-portfolio">Trump&#8217;s Commerce Secretary Pick Howard Lutnick&#8217;s Fund Owns $1.19B In Nvidia, $804M In Tesla: Here Is A Look At His Portfolio</a></li>
</ul>
Photo: Shutterstock.

Politics

Legal

Special Prosecutor In Trump's Jan. 6 Case Asks For Dismissal Ahead Of Inauguration Day

Analysts expect CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) to report third-quarter revenue of $982.36 million <a href="https://www.benzinga.com/earnings">after market close Tuesday.</a> That&#8217;s up from $786.01 million in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
Observers will be closely watching the stock for signs of a recovery following a July IT outage — <a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">one of the largest in history</a>. 
Earnings Estimates: CrowdStrike has beaten analyst revenue estimates in more than 10 straight quarters.
Analysts expect the company to report third-quarter earnings per share of 81 cents, versus 82 cents in last year's third quarter. The company has beaten analyst earnings per share estimates in more than 10 straight quarters.
Guidance<a href="https://www.benzinga.com/news/earnings/24/08/40613150/crowdstrike-q2-earnings-revenue-beat-eps-beat-arr-up-32-even-more-customer-obsessed-company-followi"> from the company</a> calls for third-quarter revenue to be in a range of $979.2 million to $984.7 million. The company also is guiding for third-quarter earnings per share to be in a range of 80 cents to 81 cents per share.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/41800177/crowdstrike-expands-cybersecurity-reach-in-europe-and-launches-ai-red-team-services">CrowdStrike Expands Cybersecurity Reach In Europe And Launches AI Red Team Services</a>
What Analysts Are Saying: Investor attention will be on CrowdStrike's recovery from its July 19 outage, Rosenblatt analyst Catherine Trebnick said in a new investor note.
The analyst reiterated a Buy rating and raised the price target from $325 to $385.
"Our channel checks suggest that customers remain confident in the company and are not stepping away," Trebnick said.
Trebnick said CrowdStrike could show "modest upside" from quarterly estimates and raise guidance.
"Some renewals may be delayed, but overall customer retention appears strong."
Guidance and the litigation overhang are key items being watched by WestPark Capital&#8217;s Paul Rodriguez. The analyst has a Hold rating and no price target. Future revenue can be impacted by customer discounts being used to help offset customer complaints about the July outage.
"Our checks suggest CRWD has not suffered much customer churn but CrowdStrike has had to make concessions to its clients base," Rodriguez said.
The analyst said there are concerns about heavy discounting being done in the field.
A litigation overhang mainly revolves around Delta Air Lines, is also a concern for the analyst after Delta decided to move forward with legal action.
"If other companies move further with litigation against CrowdStrike post the Delta news remains to be seen but this scenario does pose a risk to CrowdStrike shares."
Key Items to Watch: CrowdStrike said second-quarter annual recurring revenue was up 32% year-over-year. This remains a key item for investors to watch on Tuesday.
The company said the July outage inspired a renewed focus on becoming a "more customer-obsessed CrowdStrike." 
Cybersecurity remains a key theme going forward with companies increasing focus and spending on this category. Aside from the July outage recovery, new products and commentary on customer spending will be big items to watch for investors.
Price Action: CrowdStrike stock is down 2% to $363.80 on Monday versus a 52-week trading range of $200.81 to $398.30. CrowdStrike stock is up 47% year-to-date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41803738/invesco-launches-new-etfs-targeting-ai-cybersecurity-and-defense-heres-how-some-of-their-peers-have">Invesco Launches New ETFs Targeting AI, Cybersecurity, And Defense. Here&#8217;s How Some Of Their Peers Have Performed In The Past Year</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Previews

Reiteration

Analyst Ratings

Trading Ideas

CRWD

CrowdStrike Q3 Earnings Preview: Analysts Anticipate Recovery, 'Customers Remain Confident'

High-rolling investors have positioned themselves bearish on Redfin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RDFN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Redfin. This is not a typical pattern.
The sentiment among these major traders is split, with 35% bullish and 57% bearish. Among all the options we identified, there was one put, amounting to $210,000, and 13 calls, totaling $551,896.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $20.0 for Redfin, spanning the last three months.
<h3>Volume &amp; Open Interest Development</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 Redfin'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 Redfin's whale trades within a strike price range from $9.0 to $20.0 in the last 30 days. 
<h3>Redfin Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732563926_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RDFN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$0.7</td>
<td>$0.55</td>
<td>$0.7</td>
<td>$9.00</td>
<td>$210.0K</td>
<td>10</td>
<td>3.0K</td>
</tr>
<tr>
<td>RDFN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.9</td>
<td>$1.9</td>
<td>$1.9</td>
<td>$20.00</td>
<td>$114.0K</td>
<td>8.7K</td>
<td>978</td>
</tr>
<tr>
<td>RDFN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$10.00</td>
<td>$68.2K</td>
<td>3.1K</td>
<td>29</td>
</tr>
<tr>
<td>RDFN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.65</td>
<td>$1.6</td>
<td>$1.6</td>
<td>$11.00</td>
<td>$48.0K</td>
<td>1.5K</td>
<td>517</td>
</tr>
<tr>
<td>RDFN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$1.45</td>
<td>$1.4</td>
<td>$1.4</td>
<td>$15.00</td>
<td>$41.8K</td>
<td>1.0K</td>
<td>825</td>
</tr>
</tbody>
</table>

<h3>About Redfin</h3>
Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.
In light of the recent options history for Redfin, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Redfin</h3>
<ul>
<li>Trading volume stands at 7,177,454, with RDFN's price up by 3.71%, positioned at $9.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 92 days.</li>
</ul>
<h3>What The Experts Say On Redfin</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $8.8125.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Redfin with a target price of $8. 
&#x2A; An analyst from Wedbush has decided to maintain their Neutral rating on Redfin, which currently sits at a price target of $10. 
&#x2A; An analyst from Susquehanna persists with their Neutral rating on Redfin, maintaining a target price of $10. 
&#x2A; An analyst from DA Davidson has decided to maintain their Neutral rating on Redfin, which currently sits at a price target of $7. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Redfin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

RDFN

This Is What Whales Are Betting On Redfin

Financial giants have made a conspicuous bearish move on ONEOK. Our analysis of options history for ONEOK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $1,175,640, and 4 were calls, valued at $198,649.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $125.0 for ONEOK during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of ONEOK stands at 201.0, with a total volume reaching 1,759.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ONEOK, situated within the strike price corridor from $105.0 to $125.0, throughout the last 30 days.
<h3>ONEOK Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732563921_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 align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.0</td>
<td>$9.6</td>
<td>$9.7</td>
<td>$120.00</td>
<td>$970.0K</td>
<td align="right">59</td>
<td>1.0K</td>
</tr>
<tr>
<td>OKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.4</td>
<td>$15.6</td>
<td>$15.8</td>
<td>$105.00</td>
<td>$64.7K</td>
<td align="right">277</td>
<td>42</td>
</tr>
<tr>
<td>OKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.8</td>
<td>$110.00</td>
<td>$57.0K</td>
<td align="right">383</td>
<td>210</td>
</tr>
<tr>
<td>OKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.9</td>
<td>$110.00</td>
<td>$54.5K</td>
<td align="right">664</td>
<td>105</td>
</tr>
<tr>
<td>OKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$15.2</td>
<td>$14.8</td>
<td>$15.2</td>
<td>$120.00</td>
<td>$47.1K</td>
<td align="right">0</td>
<td>50</td>
</tr>
</tbody>
</table>

<h3>About ONEOK</h3>
Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.
After a thorough review of the options trading surrounding ONEOK, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is ONEOK Standing Right Now?</h3>
<ul>
<li>With a volume of 4,754,730, the price of OKE is down -5.9% at $110.14. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>What The Experts Say On ONEOK</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $108.0.
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; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on ONEOK with a target price of $107. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on ONEOK, which currently sits at a price target of $99. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on ONEOK, which currently sits at a price target of $99. 
&#x2A; Maintaining their stance, an analyst from Seaport Global continues to hold a Buy rating for ONEOK, targeting a price of $103. 
&#x2A; An analyst from UBS persists with their Buy rating on ONEOK, maintaining a target price of $132. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ONEOK options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at ONEOK's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Peloton Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PTON usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Peloton Interactive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 38% bearish. Among these notable options, 2 are puts, totaling $139,823, and 11 are calls, amounting to $560,137.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $22.0 for Peloton Interactive over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Peloton Interactive options trades today is 10726.4 with a total volume of 11,942.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Peloton Interactive's big money trades within a strike price range of $9.0 to $22.0 over the last 30 days.
<h3>Peloton Interactive Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732563916_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.14</td>
<td>$1.1</td>
<td>$1.12</td>
<td>$10.00</td>
<td>$112.0K</td>
<td>63.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PTON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$0.33</td>
<td>$0.3</td>
<td>$0.3</td>
<td>$9.00</td>
<td>$92.7K</td>
<td>5.5K</td>
<td>5.0K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.15</td>
<td>$1.1</td>
<td>$1.1</td>
<td>$10.00</td>
<td>$65.5K</td>
<td>63.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$1.04</td>
<td>$1.02</td>
<td>$1.02</td>
<td>$9.00</td>
<td>$56.8K</td>
<td>3.5K</td>
<td>566</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.14</td>
<td>$1.08</td>
<td>$1.1</td>
<td>$10.00</td>
<td>$55.5K</td>
<td>63.9K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Peloton Interactive</h3>
Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of bike and tread and related accessories sales, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue is generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates maximum revenue from the Subscription segment. Geographically, the company derives a majority of its revenue from North America and the rest from the International markets.
In light of the recent options history for Peloton Interactive, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Peloton Interactive's Current Market Status</h3>
<ul>
<li>With a trading volume of 10,526,406, the price of PTON is up by 3.04%, reaching $9.83.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 66 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Peloton Interactive</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $8.0.
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; Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Peloton Interactive with a target price of $9. 
&#x2A; An analyst from Macquarie has decided to maintain their Neutral rating on Peloton Interactive, which currently sits at a price target of $9. 
&#x2A; An analyst from JP Morgan has decided to maintain their Neutral rating on Peloton Interactive, which currently sits at a price target of $7. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Peloton Interactive, maintaining a target price of $10. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Peloton Interactive, which currently sits at a price target of $5. 
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 Peloton Interactive with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

PTON

Peloton Interactive Unusual Options Activity For November 25

The <a href="https://www.benzinga.com/topic/drug-enforcement-administration">Drug Enforcement Administration</a> (DEA) has denied accusations of improper communication with cannabis prohibitionist group Smart Approaches to Marijuana (SAM) during the Biden administration's <a href="https://www.benzinga.com/topic/cannabis-rescheduling">marijuana rescheduling process</a>.
In a recent filing <a href="https://www.marijuanamoment.net/dea-says-it-didnt-conspire-with-anti-marijuana-group-dismissing-allegedly-illegal-talks-as-gossip/">reported</a> by Marijuana Moment, the agency dismissed these allegations as "gossip." While the DEA admitted to the communication, it argued they were no unlawful ex parte and that no harm was done and therefore, the motion by<a href="https://www.benzinga.com/markets/cannabis/24/11/41726679/village-farms-is-only-cannabis-operator-selected-to-represent-weed-industry-at-dea-rescheduling-"> Village Farms International</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) and Hemp for Victory should be dismissed.
<h3 class="wp-block-heading">Allegations Of Misconduct</h3>
Part of the accusations stem from social media posts by SAM president and CEO Kevin Sabet.
In a post May 6, 2024 on X, Sabet admitted to having conversations with &#8220;two confidential sources inside DEA.&#8221; Sabet said these discussions provided inside information about the agency's stance on marijuana rescheduling, including a claim that DEA Administrator Anne Milgram would not approve a proposed rule.
This post was presented as evidence by <a href="https://www.benzinga.com/cannabis">cannabis</a> advocacy groups to support their broader claim that <a href="https://www.benzinga.com/topic/dea-cannabis">the DEA</a> holds a contradictory position, alleging the agency is acting as both judge and participant in the cannabis rescheduling process.
The post by Sabet admitting to the conversations with insider sources is still on X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BIG: I can now say with full confidence that the Administrator of DEA, Anne Milgram, did NOT sign the rescheduling order, breaking with five decades of precedent and established law and regulations (two confidential sources inside DEA and another outside DEA with intimate…
&mdash; Kevin Sabet (@KevinSabet) <a href="https://twitter.com/KevinSabet/status/1787569052782846142?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Also: <a href="https://www.benzinga.com/24/11/42144540/dea-slammed-over-unlawful-talks-with-cannabis-opponents-the-plot-thickens">DEA Slammed For Unlawful Talks With Cannabis Opponents &#8211; The Plot Thickens</a>
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.
<h3 class="wp-block-heading">DEA's Defense</h3>
According to the DEA's filing, the cannabis organizations' evidence is not proof of <a href="https://www.benzinga.com/24/11/42144540/dea-slammed-over-unlawful-talks-with-cannabis-opponents-the-plot-thickens">misconduct</a>. &#8220;Movants' own evidence fails to demonstrate that any unlawful ex parte communication took place," the agency said. A movant is any party that makes a motion in a case.
The DEA flatly rejected accusations of bias or impropriety, emphasizing that the submitted evidence amounts to little more than hearsay. 
"The Movants would have this tribunal embark on a fishing expedition in search of evidence to support these sweeping, unsupported claims, which at best can be categorized as gossip, not ex parte communications," the DEA stated.
It also dismissed calls for the <a href="https://www.benzinga.com/24/11/42144540/dea-slammed-over-unlawful-talks-with-cannabis-opponents-the-plot-thickens">agency's removal </a>from the rescheduling process, arguing that there is no legal precedent for such action. 
"The only authority cited by the Movants on this point simply supports the notion that specific individuals may be removed from the proceeding under the appropriate circumstances," per the filing.
Additionally, the DEA pointed out that no misconduct has been alleged against its attorneys involved in the proceedings, further undermining the motion's validity.
As a consequence, the DEA requested the motion's dismissal. "The tribunal correctly questions the seriousness of the remedies sought by the Movants and as such, should deny the motion," the agency concluded. 
Village Farms International is <a href="https://www.benzinga.com/markets/cannabis/24/11/41726679/village-farms-is-only-cannabis-operator-selected-to-represent-weed-industry-at-dea-rescheduling-">the only cannabis operator</a> selected to represent the industry at the<a href="https://www.benzinga.com/markets/cannabis/24/11/41726679/village-farms-is-only-cannabis-operator-selected-to-represent-weed-industry-at-dea-rescheduling-"> </a>upcoming hearing on December 2. 
<ul>
<li>Read Next: <a href="https://www.benzinga.com/24/11/42169153/dea-judge-blocks-researchers-motion-in-cannabis-rescheduling-case">DEA Judge Blocks Researcher&#8217;s Motion In Cannabis Rescheduling Case</a></li>
</ul>
Cover: AI generated image

Regulations

DEA Denies Allegations Of Colluding With Anti-Marijuana Group While Involved In Cannabis Rescheduling Process

ALLY

Ally Financial shares are trading higher after last week's report suggesting the company is assessing the potential sale of its credit card business.

ONEOK shares are trading lower after the company announced plans to acquire the remaining EnLink units in a $4.3 billion stock deal.

Shares of Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) are trading higher Monday. The company is set to release earnings results after the market close. Here&#8217;s what <a href="https://www.benzinga.com/quote/ZM/earnings">you need to know.</a>
What To Know: Zoom Video is due to report third-quarter financial results for fiscal 2025 after the bell. Analysts expect the company to report earnings of $1.31 per share for the quarter, up from $1.29 per share a year ago. Revenue is projected at $1.16 billion, compared to $1.14 billion in the same period last year, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
In the company&#8217;s most-recent quarter, Zoom reported earnings of $1.39 per share, beating the estimate of $1.21 by 14.88%. Revenue came in at $1.16 billion, exceeding expectations and reflecting a 2.09% increase year-over-year.
"In Q2, we outperformed our guidance across the board and grew operating cash flow and free cash flow by 33.7% and 26.2% year over year, respectively, demonstrating our continued commitment to efficient growth," Zoom CEO Eric Yuan said last quarter.
"We also saw strength in large accounts, with customers contributing more than $100,000 in trailing 12 months revenue increasing by 7.1% year over year, and resilience in our Online business, with Online average monthly churn reaching its lowest ever rate.&#8221;
Zoom Video shares have gained nearly 24% since the company last reported earnings. The stock is currently trading at new 52-week highs ahead of earnings. Zoom Video has a 52-week low of $55.06, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Multiple analysts have weighed in on Zoom shares in recent weeks leading up to earnings. Rosenblatt analyst Catharine Trebnick maintained Zoom with a <a href="https://www.benzinga.com/analyst-stock-ratings">Buy rating</a> and price target of $78. Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and raised the price target from $68 to $86.
ZM Price Action: Zoom shares were up 3.57% at $88.96 at the time of publication, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="540" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25141156/Zm-1024x540.png" alt="" class="wp-image-664052" style="width:454px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25141156/Zm-1024x540.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25141156/Zm-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25141156/Zm-768x405.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/25141156/Zm.png 1450w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/11/42172580/black-playstation-accessories-may-appear-ahead-of-holiday-season-dealabs">Black PlayStation Accessories May Appear Ahead Of Holiday Season: Dealabs</a></li>
</ul>
Image via Unsplash.

Earnings

What's Going On With Zoom Video Stock Today?

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent rally could face a sharp downturn, with a prominent trader warning of a potential correction if the cryptocurrency fails to break the <a href="https://www.benzinga.com/news/small-cap/24/11/42171130/russell-2000-dow-sp-500-all-achieve-record-highs-in-wall-streets-historic-day-bitcoin-gold-tumble-whats-driving-markets-monday">$100,000 resistance level.</a>
The <a href="https://x.com/ali_charts/status/1860409141677662707">forecast</a>, which points to a drop as low as $85,600 in a worst-case scenario, comes as Bitcoin shows signs of a cooling rally after nearing the critical $100,000 milestone. 
On Nov. 23, chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1860409141677662707">flagged</a> a bearish signal on Bitcoin's 12-hour chart using the TD Sequential indicator.
Ali predicted that Bitcoin could correct to $91,583, with a deeper drop to $85,610 if selling pressure intensifies.
The apex crypto is trading around $94,660 at the time of writing, down 1.6% over the past 24 hours.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42171439/solana-meme-coin-platform-pumpfun-faces-backlash-over-scandalous-livestreams-but-polymarket-traders-arent-convinced-theyll-go-dark">Solana Meme Coin Platform Pump.Fun Faces Backlash Over Scandalous Livestreams, But Polymarket Traders Aren&#8217;t Convinced They&#8217;ll Go Dark</a>
Altcoins such as Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) are down over 5%, while Solana's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Ether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Cardano's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) and Binance's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) fell between 2% and 5%.
This market-wide retreat caused the overall crypto market capitalization to decline by 2.4%.
The volatility also hit crypto-tracked futures, with over $400 million liquidated in both long and short positions.
According to Coinglass <a href="https://www.coinglass.com/LiquidationData">data</a>, $283 million in bullish bets and $156 million in bearish bets were wiped out over the past 24 hours. 
Interestingly, small altcoins and midcap futures saw higher liquidation volumes than Bitcoin and Ether, suggesting increased risk-taking among traders.
The market correction comes against the backdrop of deteriorating sentiment in the cryptocurrency industry as Bitcoin failed to break <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42163156/why-bitcoins-rally-is-stalling-below-100000">the $100,000 threshold</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42170669/wisdomtree-files-for-xrp-etf-trust-report">WisdomTree Files For XRP ETF Trust: Report</a></li>
</ul>
Image: Shutterstock

$ADA

$BNB

$BTC

$DOGE

$ETH

$SOL

$XRP

Bitcoin Slides Below $95,000 — Analyst Predicts Potential Correction To $85,000

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Hims & Hers Health shares are trading higher. Strength has been attributed to President-elect Donald Trump's plans to nominate Marty Makary to lead the FDA.

Investors with a lot of money to spend have taken a bearish stance on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UBER, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 39 uncommon options trades for Uber Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 53%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $316,232, and 34 are calls, for a total amount of $2,204,315.
<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 $50.0 to $100.0 for Uber Technologies 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 Uber Technologies'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 Uber Technologies's whale trades within a strike price range from $50.0 to $100.0 in the last 30 days. 
<h3>Uber Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732563026_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>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$10.95</td>
<td>$10.85</td>
<td>$10.87</td>
<td>$95.00</td>
<td>$243.8K</td>
<td>635</td>
<td>1.0K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.6</td>
<td>$12.3</td>
<td>$12.3</td>
<td>$75.00</td>
<td>$228.9K</td>
<td>3.1K</td>
<td>265</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$16.05</td>
<td>$14.65</td>
<td>$15.69</td>
<td>$80.00</td>
<td>$156.9K</td>
<td>343</td>
<td>101</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$15.7</td>
<td>$15.4</td>
<td>$15.64</td>
<td>$80.00</td>
<td>$156.4K</td>
<td>343</td>
<td>301</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$15.95</td>
<td>$15.4</td>
<td>$15.63</td>
<td>$80.00</td>
<td>$156.3K</td>
<td>343</td>
<td>201</td>
</tr>
</tbody>
</table>

<h3>About Uber Technologies</h3>
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
<h3>Current Position of Uber Technologies</h3>
<ul>
<li>With a volume of 8,625,720, the price of UBER is up 2.51% at $73.31. </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 72 days.</li>
</ul>
<h3>What The Experts Say On Uber Technologies</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $93.2.
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 Wells Fargo keeps a Overweight rating on Uber Technologies with a target price of $90. 
&#x2A; An analyst from Loop Capital has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $86. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $85. 
&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Uber Technologies, targeting a price of $120. 
&#x2A; An analyst from Gordon Haskett upgraded its action to Buy with a price target of $85. 
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 Uber Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

UBER

Market Whales and Their Recent Bets on UBER Options

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ETF Managers Group founder and CEO Samuel Masucci&nbsp;resigned from his role as chief executive and other related positions as part of a settlement with the Securities and Exchange Commission (SEC), which notified him of its decision to bring a civil action stemming from a probe into the company&rsquo;s cannabis exchange-traded fund.

The move comes weeks after ETFMG announced it was selling its ETF lineup to Amplify ETFs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWAN#NYSE">SWAN</a>)&nbsp;in a deal expected to close this year. The firm also recently announced two ETF closures, reported several sources.&nbsp;

The settlement involves &ldquo;alleged non-disclosure of conflicts of interest&rdquo; connected to the participation&nbsp;of ETFMG Alternative Harvest&nbsp;ETF&rsquo;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MJ#NYSE">MJ</a>), the first cannabis exchange-traded fund in the U.S., in the securities lending program administered by its prior custodian, according to a recent filing with the SEC.

Wells Notice

Masucci and the firm apparently received Wells notices advising them the SEC staff anticipated the civil action, which noted that Masucci and the company cooperated with the investigation.

During the process, each recipient demonstrated to the SEC staff why it thought its conduct was appropriate and in keeping with industry standards, and therefore no action should be taken.&nbsp;

&ldquo;The SEC has a wide range of tools in its arsenal, and typically insisting upon the resignation of an individual is one that they would use where they believe that an individual is at the crux of the wrongdoing,&rdquo; said Brian Hamburger, a lawyer who focuses on regulatory compliance at Hamburger Law. &ldquo;If that&#39;s a component of those undertakings, then that is certainly indicative of SEC sentiment.&rdquo;

Masucci, who also resigned as president and secretary of the trust, board chairman and portfolio manager to more than a dozen ETFs, agreed to resign as CEO and as trustee of ETF Managers Trust as part of the agreement. He and the firm consented to SEC staff findings without admitting or denying them, according to the filing.

Masucci&nbsp;was&nbsp;at the center of an earlier ETF industry controversy in 2019 when&nbsp;his firm was ordered to pay $80 million to NASDAQ for breach of contract, settling a dispute over the&nbsp;ETFMG Prime Cyber Security ETF (HACK)&nbsp;and four other ETFs with combined assets of $2.1 billion, per Yahoo Finance.

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Amplify ETF Trust Amplify BlackSwan Growth & Treasury Core ETF

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Latest news for Amplify ETF Trust Amplify BlackSwan Growth & Treasury Core ETF (ARCA:SWAN)

Tuesday, July 18, 2023

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