Core Insights - Financial giants have shown a bearish sentiment towards AppLovin, with 47% of traders exhibiting bearish tendencies compared to 33% bullish [1] - The average target price from experts for AppLovin is $720.8, with various analysts maintaining buy or overweight ratings [12][13] Options Trading Analysis - A total of 100 unusual trades were identified for AppLovin, with 43 puts valued at $3,210,129 and 57 calls valued at $3,900,434 [1] - The average open interest for AppLovin options is 592.45, with total volume reaching 9,952.00 [3] - Whales have targeted a price range from $350.0 to $960.0 for AppLovin over the last three months [2] Company Overview - AppLovin operates as a vertically integrated advertising technology company, generating approximately 80% of its revenue from its demand-side platform, AppDiscovery [10] - The company’s growth strategy is centered around AXON 2, an ad optimizer within the DSP [10] Market Performance - AppLovin's current trading volume is 2,277,639, with its stock price at $676.33, reflecting a decrease of -1.07% [15] - Earnings announcement is expected in 33 days [15]

Market Trend - Agricultural markets are experiencing a shift towards shorter-term options, indicating a focus on swift risk management [1] - Nearly 40% of grains and oil seed options volume is traded at 30 Days To Expiration (DTE) or less [2] - Since 2020, over 46% of Chicago wheat options volume has been traded at 30 DTE or less [3] - Over 40% of soybean and soybean oil options volume falls into the 30 DTE or less category [3] Risk Management - The preference for options with fewer days to expiration (DTE) is increasing [2] - Weekly options offer granular hedging opportunities [2] - Short-dated new crop options allow for targeted risk management around critical events like planting, harvests, and USDA reports [2] - Lower DTE strategies have become essential due to supply chain vulnerabilities to weather shocks, political events, and policy changes [4] Underlying Factors - The trend in wheat options is likely tied to hedging against political supply side risks [3] - The trend in soybean and soybean oil options reflects the need to manage sudden policy and other demand side risks [3]

Core Insights - Financial giants are showing a bearish sentiment towards Spotify Technology, with 92% of traders indicating bearish tendencies and only 7% bullish [1] - The significant investors are targeting a price range of $700.0 to $730.0 for Spotify Technology over the past three months [2] Options Trading Activity - A total of 13 unusual trades were identified, with 8 puts valued at $864,528 and 5 calls valued at $559,535 [1] - The largest options trades observed include multiple bearish puts with significant total trade prices, indicating a strong bearish sentiment [8] Company Overview - Spotify is the leading global music streaming service with nearly 700 million monthly active users and over 250 million paying subscribers, primarily generating revenue from these subscribers [9] - The company also offers audiobook subscriptions and integrates podcasts within its music app, although podcast content is generally free on other platforms [9] Analyst Ratings and Price Targets - Analysts have set an average price target of $769.8 for Spotify Technology, with varying ratings from different firms [11] - Citigroup maintains a Neutral rating with a price target of $750, while JP Morgan holds an Overweight rating with a target of $805 [12] - Goldman Sachs downgraded its rating to Neutral with a target of $770, and Argus Research revised its rating to Buy with a target of $845 [12] Current Market Position - As of the latest data, Spotify's trading volume stands at 48,230, with the stock price at $707.0, reflecting a slight decrease of -0.04% [14] - The stock is currently neutral according to RSI indicators, indicating a balance between overbought and oversold conditions [14]

Core Insights - BlackRock's iShares Bitcoin Trust ETFs (IBIT) have surpassed Deribit to become the largest venue for Bitcoin options by notional open interest, controlling $38 billion in open interest [1][2][3] - The shift indicates a movement of liquidity from offshore, lightly regulated platforms to regulated products under Wall Street's jurisdiction, reflecting a growing preference for regulated investment vehicles [4] ETF Growth and Market Position - IBIT has quickly established itself as the largest Bitcoin ETF, with total net assets of $90.87 billion and a market capitalization of nearly $89.8 billion [4] - The share price of IBIT rose by 3.15% to $68.84 on October 2, marking a 10.69% increase over the last 90 days [4] - IBIT's open interest in options is reported at $37.9 billion, significantly larger than competitors like Grayscale's Bitcoin Trust and ARK 21Shares [5] Market Dynamics - Since its inception in 2016, Deribit had been the leading venue for Bitcoin options, executing the majority of daily volumes in this niche market [3] - The dominance of IBIT in options trading suggests a potential shift in market dynamics, with implications for crypto-native trading strategies [3][4] - Analyst Eric Balchunas noted that options markets tend to favor a winner-take-all scenario, contrasting with the more distributed nature of ETF assets under management [5]

Market Overview - The government shutdown did not negatively impact the markets, with the S&P 500 and Dow Jones Industrial Average achieving record closes, the S&P 500 surpassing 6,700 for the first time [1] - There was significant options activity, with 1,328 calls or puts generating Vol/OI ratios of 1.24 or higher, indicating a busy trading day [1] Options Activity - Among the 1,328 options, 858 (65%) were calls and 470 (35%) were puts, reflecting a bullish sentiment in the market [2] - The top 10 Vol/OI ratios for calls ranged from 258.77 for Ke Holdings (BEKE) to 45.08 for Microsoft (MSFT), highlighting strong interest in specific stocks [2] Energy Fuels (UUUU) - Energy Fuels had the second and ninth-highest Vol/OI ratios for call options, at 180.17 and 61.73 respectively, indicating significant trading interest [3] - The stock is currently favored due to investor enthusiasm surrounding uranium miners, positioning it as a notable player in the rare earth and critical minerals sector [4] Call Options Analysis - The $17 call option for Energy Fuels has a long expiration date of approximately 28 months, providing a substantial timeframe for potential price movements [5] - The net debit for this call option is $8.10, which is 52% of the stock's closing price of $15.71, indicating that the stock must appreciate nearly 60% to break even [6] - With an expected price movement of 78.24% over the next 842 days, the option has a decent profit probability of 36.99% [6]

Core Insights - Investors with significant capital have adopted a bearish outlook on United Parcel Service (UPS), indicating potential insider knowledge of upcoming events [1] - The sentiment among large traders is mixed, with 42% bullish and 46% bearish positions observed [2] - The price movement expectations for UPS are projected within a range of $65.0 to $125.0 over the past quarter [3] Options Trading Activity - A total of 28 unusual options trades for UPS were identified, with 4 puts totaling $236,375 and 24 calls amounting to $1,201,960 [2] - The analysis of volume and open interest provides insights into the liquidity and interest in UPS options, particularly within the $65.0 to $125.0 strike price range over the last 30 days [4] Company Overview - UPS is the largest parcel delivery company globally, operating over 500 planes and 100,000 vehicles, delivering approximately 22 million packages daily [10] - Domestic package operations in the US account for about 65% of UPS's total revenue, while international packages contribute 20% [10] Analyst Ratings - Recent analyst ratings indicate a cautious outlook for UPS, with an average price target of $86.67 from three analysts [12] - B of A Securities has maintained an Underperform rating with a target of $81, while BMO Capital has lowered its rating to Market Perform with a new target of $96 [13]

Core Viewpoint - Occidental Petroleum Corp is experiencing significant market volatility following Berkshire Hathaway's $9.7 billion acquisition of its chemical business, OxyChem, which has impacted its stock performance and investor sentiment [1]. Group 1: Stock Performance - OXY shares are currently trading down 6.2% at $44.77, reversing earlier gains and testing the 80-day moving average [2]. - The stock has declined 9.5% in 2025 and 16.4% year over year, with a risk of breaching a channel of higher highs established since its three-year low of $34.78 on April 9 [2]. - Short-term traders are exhibiting bearish sentiment, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.18, which is in the 96th percentile of the past 12 months [2]. Group 2: Options Activity - The current options market shows a preference for calls, with 118,000 options traded, of which 82,000 are calls, representing five times the average intraday volume [3]. - The most popular contract is the weekly 10/3 46-strike, where new positions are being opened [3]. Group 3: Volatility and Strategy - The premium for options is currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 33% ranking in the 12th percentile of its annual range [4]. - A premium-selling strategy may be advantageous moving forward, as OXY's Schaeffer's Volatility Scorecard (SVS) is at 19 out of 100, indicating that the stock has consistently realized lower volatility than what its options have priced in [4].

🚨JUST IN: CME GROUP ANNOUNCES PLANS TO ROLL OUT 24/7 CRYPTO FUTURES AND OPTIONS TRADING STARTING IN 2026 ...

🔥 JUST IN: CME Group to offer 24/7 trading for crypto futures and options starting early 2026. https://t.co/lHQpBIrBEj ...

Investors with a lot of money to spend have taken a bearish stance on Netflix (NASDAQ:NFLX).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 NFLX, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted ...