Alibaba Gr Hldgsの空売り状況は、投資家がAlibaba Gr Hldgsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Alibaba Gr Hldgs (NYSE:BABA) 株価情報, 空売り情報

Alibaba Gr Hldgs

Alibaba Group Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

Chinese Researchers Use Quantum Computers To Reportedly Crack RSA Encryption, Raising Alarms In Cybersecurity Community

Asia

Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Global

Econ #s

Economics

Tech

ETFs

BABA

BIDU

過熱した米国株から苦境に立つ中国株に投資家の資金が流れる中、中国株が15年ぶりにS&amp;P500を上回る強力な四半期の業績を達成する見込み。投資家は政策に期待、米国株から中国株に乗り換えている。

投資家が政策転換を期待する中、中国株はS&amp;P 500を上回り、2007年以来最高の四半期になる見込み

News

General

TCEHY

VWAGY

YUMC

（３日）フォルクスワーゲンAG（OTC：VWAGY）メルセデス・ベンツ（Mercedes-Benz） L&#39;Oréal（ロレアル）をはじめとする数多くの大手多国籍企業が、中国における需要の減少を懸念している。

中国指数消費者信頼度の低下　大手外資企業が苦戦

Analyst Color

Markets

AAPL

Apple Inc. (NASDAQ:AAPL) が人工知能（AI）分野において抱える野心的な課題は、同社にとって重要な市場である中国で大きな障害に直面している。出来事：AppleのAI分野における拡大は、アップグレードされた音声アシスタントSiriを含むもので、中国の厳格なAI規制によって妨げられているとCNBCが報じたところによると、このことが明らかになった。

AppleのAI推進苦戦か　中国で規制と競合に直面

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share

Alibaba Group Holding Ltd

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

<a target="_blank" href="https://www.benzinga.com/topic/china" rel="noreferrer noopener">Chinese e-commerce giant</a> JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) has alleged rival platforms of forcibly persuading couriers to ditch JD Takeaway service, Reuters reported, citing the company&#8217;s social media post on Monday.
Benzinga reached out to the company for comments.
JD Takeaway began&nbsp;onboarding restaurants&nbsp;in February, ensuring &#8220;zero commissions.&#8221;
Read Next: <a target="_blank" href="https://www.benzinga.com/25/03/44164458/jdcom-q4-earnings-double-digit-growth-retail-and-logistics-surge-hikes-dividend-to-100-per-ads" rel="noreferrer noopener">China&#8217;s JD.com Q4 Retail Revenue And Margin Growth Impress, Hikes Annual Dividend</a>
According to the Reuters report, Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGF#OTC">MPNGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) dominated China&#8217;s food delivery sector, with Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)-owned&nbsp;Ele.me the second-largest player in the country.
JD.com has promised to provide sufficient orders to couriers banned by other platforms. It aims to increase full-time riders to 100,000 from 50,000 in the next quarter.
JD.com has been expanding in the delivery and logistics space not just organically, but by making major investments in the last five years.
It had invested more than $800 million in Dada Nexus, the operator of the rapid delivery service <a href="https://www.scmp.com/tech/big-tech/article/3126646/jdcom-invests-us800-million-last-mile-delivery-service-fill-gap-its" target="_blank" rel="noreferrer noopener">JD Daojia</a> in 2020.
Last year, it paid around $892 million to acquire the full stake in Kuayue-Express, which it did not already own.
Recently, President Donald Trump <a target="_blank" href="https://www.benzinga.com/25/04/44646719/pdd-stock-drops-as-trumps-new-tariffs-threaten-chinese-e-commerce-giants" rel="noreferrer noopener">announced sweeping tariffs</a> on&nbsp;imports from China, raising the total duties on Chinese goods to as high as 245% in some cases, prompting criticism from Beijing.
Goldman analyst Andrew Tilton expects the Chinese government to retaliate with some targeted tariffs on US products as well as non-tariff measures like export controls.
It is worth noting that billionaire investor David Tepper&#8217;s&nbsp;Appaloosa Management increased its stakes in prominent&nbsp;Chinese e-commerce names during the fourth quarter of 2024.
On the other hand, American investor Carson Block, the founder of&nbsp;Muddy Waters Research, had snubbed China&#8217;s&nbsp;stock market rally, citing unreliability in corporate accounting and geopolitical risks.
Price Action: JD stock is down 3.30% at $33.60 at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44874701/temu-and-shein-to-raise-prices-amid-us-tariffs-slash-ad-spend-on-apple-meta" target="_blank" rel="noreferrer noopener">Temu And Shein To Raise Prices Amid US Tariffs, Slash Ad Spend On Apple, Meta</a></li>
</ul>
Photo by Freer via Shutterstock

Short Sellers

Media

MPNGF

MPNGY

JD.com Accuses Rivals Of Sabotaging Its Takeaway Service, Plans Major Expansion

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$225.00</td>
<td>$25.9K</td>
<td>6.4K</td>
<td>40.3K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/02/25</td>
<td>$250.00</td>
<td>$124.6K</td>
<td>15.1K</td>
<td>8.2K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$3.00</td>
<td>$174.0K</td>
<td>26.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>GT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.00</td>
<td>$65.0K</td>
<td>4.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NCLH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$13.00</td>
<td>$36.7K</td>
<td>1.2K</td>
<td>300</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$65.00</td>
<td>$30.0K</td>
<td>1.6K</td>
<td>208</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/02/25</td>
<td>$44.00</td>
<td>$39.4K</td>
<td>159</td>
<td>188</td>
</tr>
<tr>
<td>GPC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$38.4K</td>
<td>42</td>
<td>51</td>
</tr>
<tr>
<td>RH</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$125.00</td>
<td>$67.5K</td>
<td>0</td>
<td>31</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$105.00</td>
<td>$25.8K</td>
<td>1.6K</td>
<td>20</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 put option sweep with bullish sentiment. It expires in 4 day(s) on April 25, 2025. Parties traded 20 contract(s) at a $225.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $1295.0 per contract. There were 6425 open contracts at this strike prior to today, and today 40382 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bullish sentiment. It expires in 11 day(s) on May 2, 2025. Parties traded 2352 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $124.6K, with a price of $53.0 per contract. There were 15167 open contracts at this strike prior to today, and today 8290 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 put option trade that happens to be bearish, expiring in 634 day(s) on January 15, 2027. This event was a transfer of 2000 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $174.0K, with a price of $87.0 per contract. There were 26827 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold. 
• For GT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>), we notice a put option sweep that happens to be bearish, expiring in 88 day(s) on July 18, 2025. This event was a transfer of 1000 contract(s) at a $9.00 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 $65.0K, with a price of $65.0 per contract. There were 4354 open contracts at this strike prior to today, and today 1171 contract(s) were bought and sold. 
• For NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we notice a put option trade that happens to be bullish, expiring in 634 day(s) on January 15, 2027. This event was a transfer of 150 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $245.0 per contract. There were 1263 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a put option trade with bullish sentiment. It expires in 333 day(s) on March 20, 2026. Parties traded 21 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $1430.0 per contract. There were 1671 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on May 2, 2025. Parties traded 125 contract(s) at a $44.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $39.4K, with a price of $318.0 per contract. There were 159 open contracts at this strike prior to today, and today 188 contract(s) were bought and sold. 
• Regarding GPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>), we observe a put option sweep with bearish sentiment. It expires in 116 day(s) on August 15, 2025. Parties traded 51 contract(s) at a $110.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $750.0 per contract. There were 42 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• For RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), we notice a put option trade that happens to be neutral, expiring in 242 day(s) on December 19, 2025. This event was a transfer of 29 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $2330.0 per contract. There were 0 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 151 day(s) on September 19, 2025. This event was a transfer of 17 contract(s) at a $105.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1520.0 per contract. There were 1639 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CVNA

NCLH

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) research arm, Damo Academy, has won <a target="_blank" href="https://www.benzinga.com/topic/alibaba-group" rel="noreferrer noopener">a key endorsement</a> from the U.S. Food and Drug Administration (FDA) for an&nbsp;artificial intelligence (AI)-powered cancer detection tool.
The FDA granted the &#8220;breakthrough device&#8221; designation to the research group&#8217;s Damo Panda model, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3307083/alibabas-ai-cancer-detection-tool-clears-fda-hurdle-faster-approval-process" rel="noreferrer noopener">cited</a> Alibaba last Thursday.
Alibaba revealed that Damo Panda would identify pancreatic cancer in November 2023 in a paper published in &nbsp;Nature Medicine.
Read Next: <a target="_blank" href="https://www.benzinga.com/25/04/44837898/chinese-stocks-slide-as-trump-tariffs-surge-to-245-sparking-fears-of-price-hikes-and-delistings" rel="noreferrer noopener">US-Listed Chinese Stocks Struggle as Trade War Escalates and Tariffs Rise</a>
Alibaba has already deployed Damo Panda in trials across China. It has screened 40,000 people at a hospital in Ningbo city.
Alibaba established Damo Academy in 2017, focusing on AI and the open-source chip architecture RISC-V. Damo Academy will promote the AI model by partnering with firms such as Ankon Medical Technologies.
Former&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) chief executive&nbsp;Eric&nbsp;Schmidt&nbsp;highlighted <a target="_blank" href="https://www.benzinga.com/tech/25/04/44892275/eric-schmidt-warns-china-is-going-to-win-ai-race-unless-washington-fights-with-funding-and-instills-american-values-at-the-core" rel="noreferrer noopener">that Beijing&#8217;s sudden surge</a> in AI spending (building on the success of DeepSeek) could help it outperform the U.S. unless Washington redoubles its efforts.
Former Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook exec and famous investor&nbsp;Chamath Palihapitiya&nbsp;accused Nvidia&nbsp;of undermining the U.S.&#8217; best interests by allegedly bypassing export controls. His views coincided with reports claiming Chinese tech giants&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba, and&nbsp;ByteDance are ramping up their orders for Nvidia&#8217;s H20 AI chips driven by the popularity of DeepSeek&#8217;s affordable AI models.
<a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/04/44796128/alibabas-quark-ai-surpasses-bytedances-doubao-with-150-million-monthly-users" rel="noreferrer noopener">Prior reports indicated</a> Alibaba&#8217;s Quark AI app surpassed ByteDance&#8217;s Doubao, reaching 150 million monthly users in March.
Price Action: BABA stock is up 0.25% at $109.14 premarket at the last check on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard</a></li>
</ul>
Photo via Shutterstock

GOOG

GOOGL

Alibaba's AI-Powered Cancer Detection Tool Wins FDA Breakthrough Status

Former Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) chief executive Eric Schmidt says Beijing's sudden surge in artificial‑intelligence spending could vault China past the United States unless Washington redoubles its efforts — and he's urging President Donald Trump to do more than scrap his predecessor's policies.
What Happened: "As a result of the incredible success of DeepSeek, the Chinese government … has decided this is another national priority. They're pouring billions of dollars into this," Schmidt told tech investor Ameer&nbsp;Haj‑Ali during an online chat.
"So never underestimate the Chinese competition here." He added a blunt warning: "China is going to win this race … unless we get our act together."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Former Google CEO: &quot;China Will Win AI Race Unless We Act Now&quot; &#x7C; Founder Psychology, Talent Wars, AI" width="500" height="281" src="https://www.youtube.com/embed/DI-LKs3GpeE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See also: <a href="https://www.benzinga.com/markets/25/04/44892201/2025-largely-doesnt-matter-for-tesla-says-gene-munster-elon-musk-company-poised-for-a-major-rebound-in-2026-and-beyond">2025 &#8216;Largely Doesn&#8217;t Matter&#8217; For Tesla, Says Gene Munster: Elon Musk Company Poised &#8216;For A Major Rebound In 2026 And Beyond&#8217;</a>
Trump has already revoked President Joe Biden's <a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">2023 AI‑safety order</a> and signed a new directive, as <a href="https://apnews.com/article/trump-ai-artificial-intelligence-executive-order-eef1e5b9bec861eaf9b36217d547929c?utm_source=chatgpt.com">reported</a> by AP, pledging to build systems "free from ideological bias." The President has since tightened <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">export bans</a> on AI chips to China that cost NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) an estimated $5.5 billion in sales.
Schmidt argued that any U.S. strategy must embed democratic norms. "It's imperative that the winner in AI win using American values and not Chinese values," he said. "The American traditionally liberal values of freedom of speech, freedom of expression, freedom of movement … would be forgotten" if China sets the rules.
Why It Matters: Schmidt&#8217;s China warning arrives amid a growing debate on U.S.-China relations and the control of AI technologies. Former Facebook exec and well-known investor Chamath Palihapitiya over the weekend <a href="https://www.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">accused Nvidia</a> of not acting in the best interest of the U.S., alleging the chipmaker&#8217;s efforts to bypass export controls.
In February, reports revealed that Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">increased</a> their orders for Nvidia&#8217;s H20 AI chips, spurred by the rise of DeepSeek's cost-efficient AI models.
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/04/44892181/tim-cook-says-hiking-at-national-parks-one-of-his-favorite-things-to-do-but-rangers-struggling-with-staffing-cuts">Tim Cook Says Hiking At National Parks One Of His &#8216;Favorite Things To Do&#8217; But Rangers Struggling With Staffing Cuts</a>

NVDA

Eric Schmidt Warns 'China Is Going To Win' AI Race Unless Washington Fights With Funding And Instills 'American Values' At The Core

Chamath Palihapitiya, known as the &#8220;SPAC King,&#8221; has voiced concerns over Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and accused the company of not acting in the best interest of the U.S.
What Happened: In an episode of the All-In Podcast that was released over the weekend, Palihapitiya criticized Nvidia for its alleged efforts to bypass U.S. export controls, which were designed to limit China's access to cutting-edge AI chips.
"How is it that Alibaba shows up with something incredible, DeepSeek shows up with something better," Palihapitiya asked, indicating that Nvidia's chips may be finding their way into Chinese hands.
He noted that after the U.S. banned the sale of top-tier GPUs like the A100 and H100 to China, Nvidia quickly rolled out slightly modified versions — the A800 and H800 — which reduced data transfer speeds just enough to meet export rules, while still offering strong performance.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Nvidia also introduced the H20 chip, specifically designed for the Chinese market to comply with updated U.S. regulations, yet still delivering significant computing power, Palihaptiya said.
&#8220;You have a 2017 plan that they&#8217;ve been executing against, which is to say, we want to dominate this space. And you have an American company that has been working around the guidelines at every turn to try to land silicon into the hands of China,&#8221; the billionaire investor said.
White House-appointed &#8216;AI and Crypto Czar&#8217; David Sacks echoed Palihapitiya's concerns, pointing out the growing issue of export controls evasion.
Sacks highlighted an incident involving Taiwan Semiconductor Manufacturing Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), which faced <a href="https://www.benzinga.com/24/12/42644888/biden-administration-targets-chinese-firm-over-taiwan-semiconductor-chip-found-in-huawei-tech">fines for circumventing export restrictions</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Trump vs Harvard, Nvidia export controls, how DEI killed Hollywood with Tim Dillon" width="500" height="281" src="https://www.youtube.com/embed/rCrb4TbHRxc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Nvidia did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Palihapitiya&#8217;s statements are part of a broader debate on U.S.-China relations and the control of AI technologies.
The White House has imposed an indefinite export ban on Nvidia&#8217;s H20 chips to China, prompting the company to warn of a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">potential $5.5 billion hit</a> to its quarterly revenue, according to a recent filing.
Notably, Nvidia CEO Jensen Huang was on a <a href="https://www.benzinga.com/markets/equities/25/04/44890578/nvidias-jensen-huang-meets-shanghai-mayor-amid-fresh-us-chip-curbs">high-level tour</a> of China last week.
In February, reports revealed that Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">significantly increased their orders</a> for Nvidia's H20 AI chips, spurred by the rise of DeepSeek&#8217;s cost-efficient AI models.
DeepSeek's R1 model, reportedly developed for <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">less than $6 million</a>, has outperformed top U.S. models—including those from OpenAI.
Price Action: Nvidia shares have fallen 26.67% year-to-date but remain up 27.55% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives Nvidia a strong growth score of 94.80%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> TSMC, Alibaba, Tencent, and other major tech players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/21003215/Screenshot-2025-04-21-at-10.02.01%E2%80%AFAM.png" alt="" class="wp-image-878857" /></a></figure>
Photo Courtesy: Kathy Hutchins on Shutterstock.com
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead

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 Consumer Discretionary 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>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$240.00</td>
<td>$31.4K</td>
<td>7.7K</td>
<td>117.4K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$110.00</td>
<td>$26.3K</td>
<td>2.8K</td>
<td>3.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$180.00</td>
<td>$86.0K</td>
<td>6.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$523.1K</td>
<td>15.9K</td>
<td>772</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$117.0K</td>
<td>11.6K</td>
<td>602</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$48.00</td>
<td>$37.4K</td>
<td>460</td>
<td>390</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/02/25</td>
<td>$34.00</td>
<td>$27.7K</td>
<td>414</td>
<td>244</td>
</tr>
<tr>
<td>TCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$50.00</td>
<td>$165.4K</td>
<td>806</td>
<td>193</td>
</tr>
<tr>
<td>BKNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$4300.00</td>
<td>$245.0K</td>
<td>1</td>
<td>10</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$2300.00</td>
<td>$27.2K</td>
<td>20</td>
<td>8</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed 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 1 day(s) on April 17, 2025. Parties traded 252 contract(s) at a $240.00 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 $31.4K, with a price of $117.0 per contract. There were 7704 open contracts at this strike prior to today, and today 117466 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on April 25, 2025. This event was a transfer of 100 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $26.3K, with a price of $263.0 per contract. There were 2852 open contracts at this strike prior to today, and today 3680 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option trade that happens to be neutral, expiring in 28 day(s) on May 16, 2025. This event was a transfer of 151 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $86.0K, with a price of $570.0 per contract. There were 6798 open contracts at this strike prior to today, and today 1529 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bearish, expiring in 63 day(s) on June 20, 2025. This event was a transfer of 465 contract(s) at a $100.00 strike. This particular put needed to be split into 49 different trades to become filled. The total cost received by the writing party (or parties) was $523.1K, with a price of $1125.0 per contract. There were 15908 open contracts at this strike prior to today, and today 772 contract(s) were bought and sold. 
• Regarding GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we observe a call option trade with bearish sentiment. It expires in 273 day(s) on January 16, 2026. Parties traded 300 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $117.0K, with a price of $390.0 per contract. There were 11604 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option trade that happens to be neutral, expiring in 7 day(s) on April 25, 2025. This event was a transfer of 200 contract(s) at a $48.00 strike. The total cost received by the writing party (or parties) was $37.4K, with a price of $187.0 per contract. There were 460 open contracts at this strike prior to today, and today 390 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on May 2, 2025. This event was a transfer of 190 contract(s) at a $34.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $146.0 per contract. There were 414 open contracts at this strike prior to today, and today 244 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a put option sweep with bearish sentiment. It expires in 63 day(s) on June 20, 2025. Parties traded 827 contract(s) at a $50.00 strike. This particular put needed to be split into 45 different trades to become filled. The total cost received by the writing party (or parties) was $165.4K, with a price of $200.0 per contract. There were 806 open contracts at this strike prior to today, and today 193 contract(s) were bought and sold. 
• Regarding BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we observe a put option trade with bullish sentiment. It expires in 426 day(s) on June 18, 2026. Parties traded 5 contract(s) at a $4300.00 strike. The total cost received by the writing party (or parties) was $245.0K, with a price of $49000.0 per contract. There were 1 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• Regarding MELI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), we observe a call option trade with bearish sentiment. It expires in 119 day(s) on August 15, 2025. Parties traded 2 contract(s) at a $2300.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $13600.0 per contract. There were 20 open contracts at this strike prior to today, and today 8 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BKNG

DKNG

MELI

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) co-founder Jack Ma once expressed that trade wars, such as the one brewing <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">between the U.S. and China,</a> are obscuring deeper issues of resource allocation and wealth concentration, while posing a risk to global stability.
What Happened: In an old interview, Jack Ma acknowledged that in the past 30 years, top U.S. companies like IBM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NASDAQ">IBM</a>), Cisco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) earned a lot of profit which are much more than the four largest banks in China put together, however, after the financial crisis of 2008, the country lost trillions of money and lots of white and blue collar jobs. The Chinese billionaire asks, &#8220;Where (did) the money go?&#8221;
He suggests that the narrative of other countries &#8220;stealing&#8221; American jobs oversimplifies a more complex&nbsp;issue: strategic missteps in resource&nbsp;allocation. Ma feels that wealth has been disproportionately distributed, favoring&nbsp;short-term gains over long-term stability.&nbsp;The conflicts in Iraq and Afghanistan have depleted&nbsp;resources that could have been&nbsp;used to support America&#8217;s industrial base and its people.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="(THROWBACK): &quot;Beware the Trade War Disaster!&quot; — Jack Ma&#039;s Dire Prediction." width="500" height="281" src="https://www.youtube.com/embed/bzlXBn9inG0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
The Alibaba co-founder went on to say that the trade war between the world&#8217;s two largest economies, the U.S. and China, could have catastrophic consequences not only for these nations but also for the global economy. &#8220;It&#8217;s going to be a disaster,&#8221; said the Alibaba co-founder. He believes, &#8220;When trade stops, the war starts.&#8221;
He opined that the potential for collaboration over confrontation, even if it disrupts established business models, could yield long-term benefits of peace and mutual prosperity that would far outweigh the costs.
&#8220;I will (be) happy if China and USA agree on something&#8230;I would destroy Alibaba model by stopping the war,&#8221; stated Ma.
The Chinese tech titan also stated that it is hard to imagine that the first largest economy of the world and the second largest economy have a trade war. &#8220;If we can anybody can do something to stop it do anything to stop,&#8221; Jack Ma stated. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/04/44869983/a-small-business-owner-asks-whats-your-plan-now-that-a-20-product-from-china-costs-50-before-it-even-hits-th" target="_blank" rel="noreferrer noopener">A Small Business Owner Asks, &#8216;What&#8217;s Your Plan,&#8217; Now That A $20 Product From China Costs $50 Before It Even Hits The Warehouse?</a>
Why It Matters: The escalating trade tensions are not only threatening global stability but also posing serious liquidity risks for investors holding U.S.-listed Chinese stocks like Alibaba Group and JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>). According to a&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/44868280/us-listed-chinese-stocks-face-250-billion-forced-selling-risk-as-delisting-fears-emerge-what-investors-need-to-know">note</a>&nbsp;shared by Goldman Sachs analyst Kinger Lau, the fears of delisting for Chinese American Depositary Receipts (ADRs) are rising, driven by escalating trade tensions and new policy guidance from U.S. officials.
Moreover, amid these tensions, Alibaba Group is betting big on AI with <a href="https://www.benzinga.com/25/04/44745275/alibaba-bets-big-on-ai-with-new-cloud-tools-as-jack-ma-reemerges-in-company-comeback">new cloud tools</a>. The company&#8217;s co-founder, Jack Ma, reemerged to celebrate its 15th anniversary and showcased its Blossom project, which aims to accelerate AI adoption. This move indicates a strategic shift towards technological advancements, potentially reshaping the global trade dynamics.
The ADR of Alibaba Group climbed 1.99% to close at $108.87 on Thursday, as per <a href="https://www.benzinga.com/pro/">BenzingaPro</a>. Year-to-date, the company&#8217;s ADR surged 28.16%.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44859725/cbps-latest-tariff-figures-reveal-500-million-in-collections-dwarfing-trumps-2-billion-daily-estimate" target="_blank" rel="noreferrer noopener">CBP&#8217;s Latest Tariff Figures Reveal $500 Million In Collections, Dwarfing Trump&#8217;s $2 Billion Daily Estimate</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CSCO

MSFT

Jack Ma Was Once Ready To 'Destroy' Alibaba To End US-China Trade War: 'I Would Be Happy If China And USA Agree On Something'

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 Consumer Discretionary 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>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$242.50</td>
<td>$26.4K</td>
<td>5.3K</td>
<td>39.7K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$145.00</td>
<td>$39.3K</td>
<td>5.7K</td>
<td>5.1K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$57.50</td>
<td>$528.0K</td>
<td>3.6K</td>
<td>4.7K</td>
</tr>
<tr>
<td>LCID</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$1.50</td>
<td>$46.1K</td>
<td>107.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$115.00</td>
<td>$38.5K</td>
<td>7.0K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CHWY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/25/25</td>
<td>$33.50</td>
<td>$66.3K</td>
<td>540</td>
<td>1.5K</td>
</tr>
<tr>
<td>TCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.00</td>
<td>$55.1K</td>
<td>173</td>
<td>693</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/02/25</td>
<td>$25.00</td>
<td>$41.2K</td>
<td>2.0K</td>
<td>673</td>
</tr>
<tr>
<td>LVS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$158.2K</td>
<td>871</td>
<td>673</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$31.5K</td>
<td>4.1K</td>
<td>259</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option trade that happens to be bullish, is expiring today. Parties traded 80 contract(s) at a $242.50 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $330.0 per contract. There were 5358 open contracts at this strike prior to today, and today 39771 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option sweep that happens to be bullish, expiring in 29 day(s) on May 16, 2025. This event was a transfer of 216 contract(s) at a $145.00 strike. This particular put needed to be split into 129 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $181.0 per contract. There were 5702 open contracts at this strike prior to today, and today 5192 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option trade that happens to be bullish, expiring in 29 day(s) on May 16, 2025. This event was a transfer of 3000 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $528.0K, with a price of $176.0 per contract. There were 3654 open contracts at this strike prior to today, and today 4799 contract(s) were bought and sold. 
• Regarding LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we observe a put option sweep with bullish sentiment. It expires in 246 day(s) on December 19, 2025. Parties traded 2566 contract(s) at a $1.50 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 $46.1K, with a price of $18.0 per contract. There were 107684 open contracts at this strike prior to today, and today 2566 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option trade with neutral sentiment. It expires in 29 day(s) on May 16, 2025. Parties traded 100 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 7034 open contracts at this strike prior to today, and today 1634 contract(s) were bought and sold. 
• Regarding CHWY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), we observe a put option sweep with neutral sentiment. It expires in 8 day(s) on April 25, 2025. Parties traded 1500 contract(s) at a $33.50 strike. This particular put needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $66.3K, with a price of $44.0 per contract. There were 540 open contracts at this strike prior to today, and today 1529 contract(s) were bought and sold. 
• For TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we notice a put option sweep that happens to be bearish, expiring in 64 day(s) on June 20, 2025. This event was a transfer of 612 contract(s) at a $45.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $55.1K, with a price of $90.0 per contract. There were 173 open contracts at this strike prior to today, and today 693 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on May 2, 2025. This event was a transfer of 150 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $41.2K, with a price of $275.0 per contract. There were 2057 open contracts at this strike prior to today, and today 673 contract(s) were bought and sold. 
• For LVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), we notice a put option trade that happens to be bearish, expiring in 274 day(s) on January 16, 2026. This event was a transfer of 412 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $158.2K, with a price of $384.0 per contract. There were 871 open contracts at this strike prior to today, and today 673 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 put option sweep with bearish sentiment. It expires in 274 day(s) on January 16, 2026. Parties traded 21 contract(s) at a $95.00 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 $31.5K, with a price of $1500.0 per contract. There were 4168 open contracts at this strike prior to today, and today 259 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHWY

LCID

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

If you hold U.S.-listed Chinese stocks like Alibaba Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>), JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) or PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), you may soon face serious liquidity risks, as delisting threats tied to geopolitical and regulatory frictions between Washington and Beijing <a href="https://www.benzinga.com/topic/tariffs">mount with fresh urgency.</a>
In a note shared Thursday, Goldman Sachs analyst Kinger Lau, CFA, said delisting fears for Chinese American Depositary Receipts (ADRs) are rising again, driven by escalating trade tensions and new policy guidance from U.S. officials, including President Donald Trump&#8216;s America First Investment Policy and Treasury Secretary Scott Bessent's statement that "everything is on the table" in the response to China's retaliatory tariffs.
According to Goldman Sachs&#8217; ADR Delisting Barometer, there is currently a 66% probability of delisting risk embedded in Chinese ADRs. A full pricing in of delisting risk could lead to a 9% drop in ADR valuations from current levels. 
&#8220;U.S. listings by Chinese companies is widely regarded as an embodiment of financial market relations and a leverage for the potential negotiation between the two nations,&#8221; Lau wrote.
<h1 class="wp-block-heading">How High Are The Stakes?</h1>
&#8220;We estimate that U.S. institutional investors currently own around U.S.$830 billion of Chinese stocks across A shares, H shares and ADRs,&#8221; Goldman Sachs stated. Of this, approximately $250 billion is tied up in ADRs specifically.
At the same time, Chinese investors could be forced to offload up to $1.7 trillion in U.S. financial assets, including approximately $370 billion in equities and $1.3 trillion in bonds.
This extreme scenario — which alludes to a full investment ban — would represent the largest forced unwind of cross-border holdings in modern financial history.
<h1 class="wp-block-heading">Who Gets Hit The Hardest?</h1>
According to Goldman's analysis, 5% of Alibaba's and 3% of PDD's market cap is owned by U.S. institutions that currently don't own other Hong Kong-listed stocks such as Tencent or Meituan. That means they may not have operational flexibility to pivot to Hong Kong in the event of delisting.
Roughly 20% of U.S. institutional holdings in top ADRs — equivalent to 7% of the total market cap — may face similar constraints, meaning they may be forced sellers.
For Alibaba, there are 1,275 institutional holders globally, and institutional investors collectively own 50% of the company&#8217;s outstanding shares. Out of that, 26% of Alibaba's total shares are held by U.S.-based institutions, with 176 U.S. institutional investors holding positions larger than 0.005% of the company's total shares.
For PDD, the figures are more concentrated: it has 1,006 institutional holders, with institutions holding 31% of the stock overall. 16% of the total shares are held by U.S. institutional investors, and there are 107 U.S.-based institutional holders with significant stakes (above 0.005% ownership).
In short, the data suggests Alibaba has both broader and deeper institutional engagement, especially from U.S. investors, compared to PDD. This means that, in the event of a U.S. delisting, Alibaba could see a greater volume of forced selling from U.S. institutional investors due to the larger size and scale of U.S. holdings.
<h1 class="wp-block-heading">Are ETFs And Derivatives at Risk?</h1>
Yes. Passive funds and ETF products are particularly exposed. The KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) has 33% of its assets in ADRs, half of which do not have Hong Kong listings, making it vulnerable in a forced delisting scenario.
Other funds, like the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>), have already shifted weightings from ADRs to Hong Kong shares, thanks to changes in primary ticker designations by index providers like MSCI.
In derivatives markets, any forced delisting of ADRs could trigger early termination events under ISDA contracts, potentially unwinding outstanding options and swaps linked to these securities.
<h1 class="wp-block-heading">What Happens In A Delisting Event?</h1>
If a delisting takes place, investors may have a few paths forward depending on how the company is structured. For firms with dual listings, investors can convert their ADRs into Hong Kong-listed shares through the depositary bank. 
This process typically takes about two business days and may involve fees and applicable taxes. In some cases, investors might be able to sell their shares on over-the-counter (OTC) markets, although this route is blocked for companies delisted under the Holding Foreign Companies Accountable Act (HFCAA) or sanctioned by the Office of Foreign Assets Control (OFAC). 
If no action is taken by the investor, the ADR program will eventually be terminated and the depositary will sell the underlying shares, distributing the net proceeds in cash after deducting fees.
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US-Listed Chinese Stocks Face $250 Billion Forced Selling Risk As Delisting Fears Emerge: What Investors Need To Know

Israel Englander&#8216;s Millennium Management purchased Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) exchange-traded funds in the fourth quarter, according to a February 14 13F-HR filing with the U.S. Securities and Exchange Commission, but these investments have significantly declined in value.
What Happened: The $75 billion hedge fund acquired positions in the Grayscale Bitcoin Mini Trust ETF and the Grayscale Ethereum Mini Trust ETF, which have both suffered substantial losses as of Wednesday.
The firm&#8217;s 768,911 units of the Bitcoin ETF dropped from $43.11 to $37.38 per unit, resulting in a value drop from $33.1 million to $28.7 million – a 13.25% loss of approximately $4.39 million.
The Ethereum investment fared worse, with 1,702,038 units falling from $25.74 to $14.96 per unit. This reduced the total value from $43.8 million to $25.5 million, marking a steep 41.86% decline amounting to roughly $18.34 million.
In total, Millennium's crypto ETF investments have lost an estimated $22.7 million.
See Also: <a href="https://www.benzinga.com/25/04/44857887/taiwan-semiconductor-q1-surges-41-in-sales-boosted-by-ai-chip-demand-expanded-margins">Taiwan Semiconductor CFO Anticipates Tariffs Impact But Has Not Seen Change In Customer Behavior Yet, Issues Strong Q2 Outlook</a>
Why It Matters: These losses come amid broader challenges for Millennium, which reportedly suffered approximately $900 million in losses this year due to market volatility impacting its index rebalancing strategy. Despite these setbacks, the firm was down l<a href="https://www.benzinga.com/markets/25/03/44209624/millennium-management-faces-900m-loss-amid-market-volatility-what-investors-should-know">ess than 1% through February</a>.
Millennium, founded by Englander in 1989 with just $35 million, employs <a href="https://www.benzinga.com/markets/equities/25/01/42807107/israel-englanders-millennium-management-dumps-nvidia-loads-up-on-broadcom-heres-what-the-70-billion-hedge-fund-sees">multiple investment strategies</a> including relative value, equity arbitrage, fixed income, and quantitative approaches.
Englander, who began his career as a floor broker and trader on the American Stock Exchange, has maintained 100% ownership of Millennium since its inception.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>
Photo Courtesy: Paopano On Shutterstock.com

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

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Millennium Management's Bitcoin And Ethereum ETFs Purchased In Q4 Suffer $22.7 Million Loss Amid Crypto Slump

The CEO of Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Jensen Huang, has reportedly arrived in Beijing following the recent implementation of U.S. restrictions on the company&#8217;s chip sales to China.
What Happened: Huang&#8217;s visit to China, which began on Wednesday, involves discussions with officials and tech leaders about the implications of the U.S.&#8217;s decision to impose further restrictions on its sales in the country. This information comes from local media and a source familiar with Huang&#8217;s travel plans, <a href="https://www.ft.com/content/7a49186c-8e51-4540-affe-15239c0914e3">according</a> to a report by the Financial Times.
The&nbsp;China Council for the Promotion&nbsp;of International Trade, a government-affiliated&nbsp;trade group that significantly influences U.S.-China business relations, invited Huang to visit. This information was shared on Weibo, a Chinese state media social media service.
In a meeting with Ren Hongbin, the head of the China Council for the Promotion of International Trade, Huang reportedly emphasized the importance of the Chinese market to Nvidia, particularly in light of the U.S.&#8217;s ban on sales of its H20 artificial intelligence chips to the country. &#8220;We hope to continue to cooperate with China,&#8221; Huang stated, reported Edge Malaysia, citing China&#8217;s state broadcaster, CCTV.
SEE ALSO: <a href="https://benzinga.com/25/04/44855538/cathie-woods-crypto-shuffle-pours-5-2-million-into-newly-listed-solana-staking-fund-dumps-bitcoin-etf-and-buys-robinhood-dip" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Crypto Shuffle: Pours $5.2 Million Into Newly Listed Solana Staking Fund, Dumps Bitcoin ETF And Buys Robinhood Dip</a>
Why It Matters: On Wednesday,&nbsp;Nvidia responded to a <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">national security investigation</a>, asserting its compliance with U.S. export rules following the escalated restrictions on AI chip sales to China. This response came after the company was questioned about the sale of its H20 processors, which recently became subject to new export restrictions. Nvidia revealed that the new controls would lead to a $5.5 billion reduction in its earnings.
Nvidia believed it could continue selling the chip to China after a meeting between Huang and President Donald Trump at Mar-a-Lago this month. The company assured major Chinese clients, including Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance and Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), that H20 purchases would not be impacted, reported FT. 
Despite the restrictions leading to a more than 6% drop in Nvidia&#8217;s shares, some Wall Street analysts view this as a potential buying opportunity. According to a <a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">note shared</a> by Bank of America analyst Vivek Arya, the latest H20 chip restrictions to China pose only a &#8220;manageable risk&#8221; to Nvidia&#8217;s sales outlook. This perspective suggests that, while unwelcome, the restrictions were largely anticipated.
Nvidia stock plunged 6.9% to close at $104.49 on Wednesday, as per <a href="https://pro.benzinga.com/dashboard">BenzingaPro</a>. Over the past month, the stock plunged nearly 13%. 
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jensen Huang In China For Talks As US Tightens Nvidia Chip Restrictions: Report

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 Consumer Discretionary 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>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$240.00</td>
<td>$41.3K</td>
<td>16.3K</td>
<td>64.8K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$15.00</td>
<td>$41.1K</td>
<td>865</td>
<td>2.7K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/02/25</td>
<td>$35.00</td>
<td>$49.7K</td>
<td>2.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$14.00</td>
<td>$97.5K</td>
<td>6.8K</td>
<td>937</td>
</tr>
<tr>
<td>GAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$17.00</td>
<td>$88.5K</td>
<td>4.6K</td>
<td>402</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$108.00</td>
<td>$28.4K</td>
<td>804</td>
<td>340</td>
</tr>
<tr>
<td>DUOL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$230.00</td>
<td>$102.5K</td>
<td>89</td>
<td>220</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$32.1K</td>
<td>118</td>
<td>88</td>
</tr>
<tr>
<td>ETSY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$30.9K</td>
<td>2.9K</td>
<td>78</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$28.9K</td>
<td>4.0K</td>
<td>73</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on April 17, 2025. This event was a transfer of 151 contract(s) at a $240.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $41.3K, with a price of $273.0 per contract. There were 16331 open contracts at this strike prior to today, and today 64895 contract(s) were bought and sold. 
• Regarding XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we observe a put option sweep with bearish sentiment. It expires in 30 day(s) on May 16, 2025. Parties traded 1000 contract(s) at a $15.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $41.0 per contract. There were 865 open contracts at this strike prior to today, and today 2783 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a put option sweep that happens to be bearish, expiring in 16 day(s) on May 2, 2025. This event was a transfer of 400 contract(s) at a $35.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $125.0 per contract. There were 2560 open contracts at this strike prior to today, and today 1606 contract(s) were bought and sold. 
• Regarding RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we observe a call option sweep with bearish sentiment. It expires in 156 day(s) on September 19, 2025. Parties traded 668 contract(s) at a $14.00 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 $97.5K, with a price of $146.0 per contract. There were 6848 open contracts at this strike prior to today, and today 937 contract(s) were bought and sold. 
• For GAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), we notice a call option sweep that happens to be neutral, expiring in 30 day(s) on May 16, 2025. This event was a transfer of 397 contract(s) at a $17.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $88.5K, with a price of $223.0 per contract. There were 4643 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option trade that happens to be bullish, expiring in 9 day(s) on April 25, 2025. This event was a transfer of 74 contract(s) at a $108.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $385.0 per contract. There were 804 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
• Regarding DUOL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>), we observe a call option trade with neutral sentiment. It expires in 30 day(s) on May 16, 2025. Parties traded 10 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $102.5K, with a price of $10250.0 per contract. There were 89 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a call option trade with bullish sentiment. It expires in 156 day(s) on September 19, 2025. Parties traded 38 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $845.0 per contract. There were 118 open contracts at this strike prior to today, and today 88 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a put option trade that happens to be bearish, expiring in 275 day(s) on January 16, 2026. This event was a transfer of 38 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $815.0 per contract. There were 2943 open contracts at this strike prior to today, and today 78 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bullish, expiring in 275 day(s) on January 16, 2026. This event was a transfer of 19 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $1525.0 per contract. There were 4096 open contracts at this strike prior to today, and today 73 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 about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DUOL

ETSY

RIVN

WYNN

XPEV

On Tuesday, Nvidia&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/nvidia" rel="noreferrer noopener">disclosed that the</a> Trump administration informed it on April 9 that its H20 chip would require an export license for sales to China.
The chipmaker&nbsp;failed to warn some major customers about new U.S. export rules to help them prepare in advance, Reuters reported, citing unnamed sources familiar with the matter.
Nvidia bagged $18 billion of H20 orders since 2025 beginning.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44815107/taiwan-semiconductor-preps-new-chip-tech-to-supercharge-ai-performance-by-2027" rel="noreferrer noopener">Taiwan Semiconductor Preps New Chip Tech To Supercharge AI Performance By 2027</a>
China generated $17 billion in revenue in fiscal 2024, accounting for 13% of Nvidia&#8217;s total sales.
Nvidia stock has been tanking since Tuesday. It disclosed that it booked up to <a target="_blank" href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker" rel="noreferrer noopener">$5.5 billion in charges</a> in the first quarter due to the licensing requirement.
<a target="_blank" href="https://www.benzinga.com/25/04/44621102/bytedance-alibaba-and-tencent-order-16-billion-worth-of-nvidias-h20-chips-following-the-surge-in-demand-deepseeks-low-cost-ai-models-report" rel="noreferrer noopener">Chinese tech giants</a>, including Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), ByteDance, and Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), have been stocking up on H20 chips, fearing further semiconductor sanctions.
They reportedly placed over $16 billion in orders for the quarter. Also, the popularity of&nbsp;Chinese AI startup DeepSeek&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge" rel="noreferrer noopener">low-cost AI models</a> drove a surge in demand for AI computing power.
Redburn Atlantic analyst&nbsp;Timm Schulze-Melander <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/44811225/nvidia-remains-a-top-pick-despite-tariff-headwinds-says-analyst-important-data-center-modernizationamong-the-last-areas-to-be-cut" rel="noreferrer noopener">named Nvidia a</a> &#8216;top pick&#8217; despite macro uncertainties and potential demand softening, citing investments in leading-edge AI and chipmaking will likely show resilience.
On Monday, Nvidia&nbsp;announced plans&nbsp;to develop $500 billion in AI-related infrastructure across the U.S. over the next four years.
Bank of America analyst&nbsp;Vivek Arya <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44539735/nvidia-stock-an-attractive-opportunity-analyst-says-valuation-cheap-despite-china-restrictions" rel="noreferrer noopener">noted&nbsp;that Nvidia</a> stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the most significant and fastest-growing secular trends.
Price Action: NVDA stock is down 7.65% at $103.62 at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44826144/asml-nears-china-order-finish-line-as-demand-for-ai-chip-tools-heats-up" target="_blank" rel="noreferrer noopener">ASML Approaches End Of China Backlog, Eyes Growth in AI and Advanced Chip Demand</a></li>
</ul>
Image via Shutterstock

Nvidia's China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard: Reuters

WIIM

JFIN

Shares of US-listed Chinese companies are trading lower following a report suggesting that US Treasury Secretary Bessent wants to pressure trading partners to limit China's involvement in their respective economies. Hongkong Post plans to suspend postal services for parcels containing goods to the US.

Hongkong Post announced on Wednesday that it would suspend its postal services for parcels containing goods to the United States, citing what it described as the U.S. government&#8217;s &#8220;bullying&#8221; and &#8220;unreasonable&#8221; actions regarding new tariffs<a href="https://www.benzinga.com/news/global/25/04/44830828/us-is-unreasonable-bullying-and-imposing-tariffs-abusively-says-hong-kong-post-operator"> and postal fees.</a>
The Details: Effective immediately, Hongkong Post has stopped accepting parcels containing goods for delivery to the U.S. by land and sea. Acceptance of airmail parcels will also stop on April 27.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/management/25/04/44802094/tariff-fears-pose-material-risks-to-us-and-global-economies-goldman-sachs-ceo-warns">Tariff Fears Pose &#8216;Material Risks&#8217; To US And Global Economies, Goldman Sachs CEO Warns</a>
The move is a direct response to the Trump administration's decision<a href="https://www.benzinga.com/news/retail-sales/25/04/44714336/temu-shein-brace-for-impact-as-trumps-tariff-torpedo-blows-up-the-800-loophole"> to eliminate</a> the duty-free de minimis exemption for shipments from Hong Kong and to impose steep new tariffs and per-item postal fees on goods entering the U.S.
"The US is unreasonable, bullying and imposing tariffs abusively. Hongkong Post will definitely not collect any so-called tariffs on behalf of the US and will suspend the acceptance of postal items containing goods destined to the US," the government of Hong Kong said in <a href="https://www.info.gov.hk/gia/general/202504/16/P2025041500835.htm">a statement</a>.&nbsp;
The suspension comes amid escalating trade tensions between the U.S. and China. President Donald Trump recently closed the de minimis loophole, which previously allowed small parcels under $800 to enter the U.S. tax-free.&nbsp;
The new tariffs and fees are part of a broader crackdown on imports from China and Hong Kong after the U.S. accused retailers like Shein and Temu of exploiting the exemption to avoid taxes and customs checks while undercutting American companies.&nbsp;
Stocks To Watch: Shares of Temu&#8217;s parent company, PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), are trading lower on Wednesday. Other Chinese e-commerce giants like Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) were also down by more than 3% at the time of publication. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/general/social-media/25/04/44817229/chinese-tiktok-influencers-expose-cheap-nike-lululemon-suppliers-to-bypass-trump-tariffs">Chinese TikTok Influencers &#8216;Expose&#8217; Cheap Nike, Lululemon Suppliers To Bypass Trump Tariffs&nbsp;</a></li>
</ul>
Photo: Urbanscape from Shutterstock

Politics

Movers

Hongkong Post Stops US Package Service, China E-Commerce Stocks Drop

U.S.-listed Chinese companies Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) are trading lower Wednesday.
President&nbsp;Donald Trump&#8217;s administration <a target="_blank" href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle" rel="noreferrer noopener">revealed on Tuesday</a> a fact sheet citing tariffs on certain Chinese imports as high as 245%, citing its <a target="_blank" href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/" rel="noreferrer noopener">retaliatory actions</a>.
China&#8217;s&nbsp;gross domestic product&nbsp;grew 5.4% in the first quarter, topping the analyst estimate of 5.2% backed by consumer subsidies and aggressive export shipments to beat tariffs, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-16/china-s-economic-growth-beats-forecasts-ahead-of-tariff-impact?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/04/44796128/alibabas-quark-ai-surpasses-bytedances-doubao-with-150-million-monthly-users" rel="noreferrer noopener">Alibaba&#8217;s Quark AI Surpasses ByteDance&#8217;s Doubao With 150 Million Monthly Users</a>
Both production and consumption indicated unexpected momentum in March before the tariffs kicked in. However, an intensifying trade war dims its outlook and fuels calls for stimulus.
Michelle Lam of Societe Generale SA highlighted the urgency of stimulus to Bloomberg, citing high-frequency data showing tariff impact on U.S.-bound shipments. National Bureau of Statistics data indicated front-loaded shipments partly supported the economy before tariffs surged in April.
Without more stimulus, China could struggle to meet its growth target of ~5% in 2025. Exports will likely contract after contributing to a third of growth in 2024, while business and consumer sentiment will likely suffer the trade war consequences.
Economists at international banks, including UBS Group and Goldman Sachs, slashed their forecasts for China&#8217;s 2025 growth to ~4% or lower. The tariffs will prompt companies to raise the prices of their products to maintain their margins.
However, Chinese companies bank on their lower-priced offerings, and therefore, raising the prices could affect their demand.
The tariff war began with Trump imposing a 20% tariff on China after he took office, a 34% levy on April 2, and an additional 50% duty in response to China&#8217;s retaliatory threats, heightening the initial tariffs to 104%.
China retaliated by increasing its tariffs by 84%. Trump later hiked the 104% to 125%. Last Friday, China, too, raised its levies on U.S. imports to 125%, while U.S. tariffs on China stood at 145%.
Bush Chu of&nbsp;Aberdeen Investments and TD Cowen&nbsp;of&nbsp;Jaret Seiberg <a target="_blank" href="https://www.benzinga.com/markets/25/04/44761071/are-chinese-tech-stocks-at-a-serious-risk-amid-escalating-trade-war-delisting-is-moving-up-in-the-list-of-retaliatory-options-says-analyst" rel="noreferrer noopener">highlighted concerns about</a> potential delisting as retaliatory actions from the U.S. led to a selloff&nbsp;of heavily foreign-owned Chinese tech&nbsp;stocks.
Chinese e-commerce firms have been the worst impacted by the U.S. raising tariffs on small parcels.
China ETFs traded in the&nbsp;U.S. iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) are trading lower on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44803377/hilton-marriott-picked-for-strong-global-mix-and-low-tariff-exposure-despite-china-growth-risks-analyst" target="_blank" rel="noreferrer noopener">Which Gaming And Lodging Stocks Are Exposed To International inbound Travel And China?</a></li>
</ul>
Photo Courtesy: Tomas Ragina via Shutterstock

Trading Ideas

Why Are US-Listed Chinese Stocks Falling On Wednesday?

Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has reportedly not communicated to some of its major Chinese customers about the new U.S. export rules affecting its AI chip.
What Happened: U.S. officials informed Nvidia&nbsp;on April 9 that its&nbsp;H20 chip would now&nbsp;require an export license for&nbsp;sales to China. Despite this, the chipmaker did not share this crucial information with some of its key customers in China, who were anticipating H20 deliveries by year-end, reported Reuters. 
The new export rules are a part of Washington&#8217;s ongoing efforts to restrict China&#8217;s access to advanced semiconductors and maintain U.S. dominance in AI technology. These restrictions could significantly affect Nvidia&#8217;s business in China, one of its largest markets.
A spokesperson for Nvidia declined to comment when contacted by <a href="http://pro.benzinga.com">Benzinga</a>.
Since&nbsp;the start of the year,&nbsp;the Jensen Huang-led company has secured orders worth $18 billion for its H20 chips. Chinese tech giants&nbsp;Tencent Holdings Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Alibaba Group Holding Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and&nbsp;ByteDance Ltd.,&nbsp;the owner of TikTok, had&nbsp;increased orders for H20 chips&nbsp;due to the rising&nbsp;demand for affordable AI models.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44832008/peter-schiff-says-since-trump-was-elected-bitcoin-advocates-took-a-180-turn-on-us-economy-" target="_blank" rel="noreferrer noopener">Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken</a>
Why It Matters: The new export rules are expected to hit Nvidia&#8217;s bottom line. The chipmaker is set to take a $5.5 billion <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">charge this quarter </a>due to halted shipments of its H20 GPUs to China and several other markets.
The H20 is the main chip that Nvidia is legally allowed to sell in China, introduced following the implementation of the latest U.S. export restrictions in October 2023. According to analysts, Chinese AI chipmakers, especially Huawei, could benefit from the limitations placed on H20 as it offers alternatives to Nvidia&#8217;s product range.
Meanwhile, despite the potential semiconductor industry slowdown due to tariff uncertainties, Nvidia is expected to hold its ground. According to a recent analysis by Redburn Atlantic, Nvidia's <a href="https://www.benzinga.com/markets/equities/25/04/44811225/nvidia-remains-a-top-pick-despite-tariff-headwinds-says-analyst-important-data-center-modernizationamong-the-last-areas-to-be-cut">potential to endure</a> the industry's turbulence remains strong. The firm maintains a buy rating on Nvidia and has named it a ‘top pick' for investors once the sector's turbulence subsides.
Benzinga's Edge Rankings&nbsp;highlight strong momentum and growth rankings for Nvidia in the 77th and 95th percentiles, respectively. Curious how other stocks stack up?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;to uncover growth and momentum scores for top stocks.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44832483/tesla-bull-ross-gerber-says-elon-musk-doesnt-care-about-company-anymore-blames-focus-on-other-ve" target="_blank" rel="noreferrer noopener">Tesla Bull Ross Gerber Says Elon Musk &#8216;Doesn&#8217;t Care&#8217; About Company Anymore, Blames Focus On Other Ventures For EV Maker&#8217;s Slump</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia Didn't Alert Chinese Clients About US Export Limits On H20 AI Chip: Report

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) will take a <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">multibillion-dollar hit tied</a> to U.S. export restrictions, but a top analyst says the long-term story remains intact.
What Happened: On Tuesday, Nvidia said it would take a $5.5 billion charge this quarter related to halted shipments of its H20 graphics processing units to China and several other markets.
The announcement comes after the U.S. government informed the company on April 9 that it would now require a license to export those chips.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, shares of Nvidia fell 6.33% in after-hours trading on Tuesday.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Wedbush Securities analyst Dan Ives weighed in on the development, urging investors to maintain perspective.
"The Nvidia China restriction news that just hit will put pressure on shares and it's a concern…BUT this is all part of the high game of poker going on between U.S. and China," he said in a post on X, formerly Twitter.
"I am not overly concerned by this news despite the headline," he added. "Nvidia remains caught in the tariff spiderweb between [the] U.S. and China. Street knows this. Need to look thru this period of vol and news and see [the] forest thru trees. Nvidia only chip in world fueling AI Revolution..demand."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<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">I am not overly concerned by this news despite the headline and Nvidia remains caught in tariff spiderweb between US and China. Street knows this. Need to look thru this period of vol and news and see forest thru trees. Nvidia only chip in world fueling AI Revolution..demand &#x1f525; <a href="https://t.co/c3JP4GctGf">https://t.co/c3JP4GctGf</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1912266483931001020?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The latest Nvidia licensing mandate seems to mark another escalation in the <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america">ongoing trade tensions with China</a>. While President Donald Trump recently held off on imposing reciprocal tariffs on most nations, he increased tariffs specifically targeting China.
In response, China retaliated over the weekend with tariffs as high as 125% on U.S. products.
Earlier, Goldman Sachs warned that a potential U.S.-China decoupling could spark a <a href="https://www.benzinga.com/25/04/44787496/goldman-sachs-warns-25-trillion-sell-off-in-the-extreme-event-of-us-china-decoupling-as-scott-bessent-says-everything-is-on-the-table">massive $2.5 trillion market sell-off</a>.
In February, it was reported that Chinese tech heavyweights Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance have <a href="https://www.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">ramped up their orders</a> for Nvidia's H20 AI chips, driven by soaring demand for AI computing power fueled by the rise of DeepSeek's cost-effective AI models.
The DeepSeek R1 AI model, reportedly developed <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">for under $6 million</a>, has outperformed leading U.S. models—including those from OpenAI.
In March, Chinese <a href="https://www.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">server manufacturer H3C flagged</a> a potential shortage of Nvidia&#8217;s H20 chips. The company also warned that supply plans beyond April 20 remain uncertain due to shifting raw material policies, logistical disruptions, and manufacturing difficulties.
Price Action: Nvidia shares are down 18.88% so far this year but have still climbed 30.47% over the past 12 months, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, the company holds a strong growth score of 94.82%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare</a> it with Alibaba, Tencent, and other major players.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/NVDA"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15215459/Screenshot-2025-04-16-at-7.24.53%E2%80%AFAM.png" alt="" class="wp-image-873202" /></a></figure>
Photo Courtesy: Evolf on Shutterstock.com
Read More:
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Nvidia To Take $5.5 Billion Hit Over China Chip Export Restrictions — But Top Analyst Dan Ives Not Overly Concerned: 'All Part Of The High Game Of Poker'

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated 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>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$250.00</td>
<td>$61.1K</td>
<td>23.5K</td>
<td>57.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$180.00</td>
<td>$38.2K</td>
<td>23.4K</td>
<td>7.3K</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$75.00</td>
<td>$100.0K</td>
<td>552</td>
<td>625</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$37.50</td>
<td>$27.5K</td>
<td>17.7K</td>
<td>430</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$44.00</td>
<td>$76.5K</td>
<td>1.4K</td>
<td>253</td>
</tr>
<tr>
<td>NCLH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$16.00</td>
<td>$36.1K</td>
<td>1.8K</td>
<td>224</td>
</tr>
<tr>
<td>DKS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$185.00</td>
<td>$35.0K</td>
<td>2.4K</td>
<td>21</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$60.00</td>
<td>$29.3K</td>
<td>10</td>
<td>10</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/30/25</td>
<td>$2200.00</td>
<td>$50.5K</td>
<td>0</td>
<td>6</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$135.00</td>
<td>$29.7K</td>
<td>2.6K</td>
<td>2</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on April 17, 2025. Parties traded 111 contract(s) at a $250.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $61.1K, with a price of $553.0 per contract. There were 23583 open contracts at this strike prior to today, and today 57577 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on April 17, 2025. Parties traded 160 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $38.2K, with a price of $239.0 per contract. There were 23415 open contracts at this strike prior to today, and today 7338 contract(s) were bought and sold. 
• For CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we notice a put option trade that happens to be bearish, expiring in 31 day(s) on May 16, 2025. This event was a transfer of 500 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $100.0K, with a price of $200.0 per contract. There were 552 open contracts at this strike prior to today, and today 625 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a put option sweep that happens to be bearish, expiring in 66 day(s) on June 20, 2025. This event was a transfer of 86 contract(s) at a $37.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $320.0 per contract. There were 17706 open contracts at this strike prior to today, and today 430 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a put option sweep with bullish sentiment. It expires in 276 day(s) on January 16, 2026. Parties traded 225 contract(s) at a $44.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $76.5K, with a price of $340.0 per contract. There were 1419 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding NCLH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), we observe a put option trade with bullish sentiment. It expires in 157 day(s) on September 19, 2025. Parties traded 163 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $36.1K, with a price of $222.0 per contract. There were 1800 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• Regarding DKS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), we observe a put option trade with bullish sentiment. It expires in 66 day(s) on June 20, 2025. Parties traded 20 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $1750.0 per contract. There were 2469 open contracts at this strike prior to today, and today 21 contract(s) were bought and sold. 
• For CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we notice a call option trade that happens to be neutral, expiring in 2 day(s) on April 17, 2025. This event was a transfer of 10 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $29.3K, with a price of $2933.0 per contract. There were 10 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• Regarding MELI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), we observe a call option trade with bullish sentiment. It expires in 45 day(s) on May 30, 2025. Parties traded 5 contract(s) at a $2200.00 strike. The total cost received by the writing party (or parties) was $50.5K, with a price of $10110.0 per contract. There were 0 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option trade that happens to be bullish, expiring in 66 day(s) on June 20, 2025. This event was a transfer of 12 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $29.7K, with a price of $2480.0 per contract. There were 2663 open contracts at this strike prior to today, and today 2 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.

CAVA

CROX

Several tech giants <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44787080/goldman-sachs-cheers-china-tariff-exemptions-lifts-earnings-forecasts-for-apple-dell-hp">cheered a surprise weekend decision</a> from the White House which shielded key electronics from steep new tariffs on Chinese imports, most notably Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>). 
Previously, Alibaba was on a decisive turnaround effort until aggressive rhetoric and positioning — ultimately culminating in <a href="https://www.benzinga.com/25/04/44710082/trumps-liberation-day-tariffs-wipe-out-174-billion-from-the-net-worth-of-worlds-top-10-billionaires-including-warren-buffett">sweeping new tariffs</a> labeled Liberation Day — rattled sentiment. 
Soon after the tariff announcement, President Donald Trump <a href="https://www.benzinga.com/news/25/04/44778488/as-trump-intensifies-tariff-war-with-china-global-economy-feels-the-tremors-whats-the-endgame-here">announced a 90-day pause</a> on levies against certain countries that did not implement retaliatory measures. At the same time, the administration ramped up import taxes on China to a staggering 145%. Responding to the move, Beijing raised its own tariffs to 125% on Friday.
Therefore, the weekend decision represented a pleasant and, frankly, a welcome shift in tone. With more people worried about financial challenges <a href="https://www.benzinga.com/markets/25/04/44780489/ray-dalio-foresees-economic-crisis-worse-than-recession-im-worried-about-something-worse-than-a-recession-if-this-isnt-handled-well">escalating into an economic crisis</a>, engaging in a full-blown trade war would hurt both nations. Thanks to cooler heads apparently prevailing, Alibaba&#8217;s stock shot higher.
Nevertheless, it's quite possible — perhaps even likely — that the market is overly bullish in anticipating a sustainable, long-term solution. For one thing, the <a href="https://files.eric.ed.gov/fulltext/EJ1386021.pdf">concept</a> of saving face is an integral component of Chinese business culture. Thus, Trump's lack of traditional diplomatic grace risks deepening the feud, not alleviating it. Second, the administration warned that the exemptions will be <a href="https://www.theguardian.com/us-news/2025/apr/14/trump-warns-exemptions-on-smartphones-electronics-will-be-short-lived-promises-future-tariffs-president-china">short-lived</a>.
If so, it may be more reasonable to assume that while Alibaba&#8217;s stock can move higher from here, eventually, even this mini-rally may decelerate and correct.
<h2 class="wp-block-heading">Taking What the Market Will Give Alibaba Stock Put Spreads</h2>
From a longer-term bullish perspective, it's fairly clear that the optimists wish to drive BABA stock toward the $130 level, a position where the security established an upper baseline before trade war tensions derailed sentiment. However, to get to that point, Alibaba&#8217;s stock needs to rise above a multi-year resistance barrier around the $115 to $120 range.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="593" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152208/BABA-stock-technical-analysis-1024x593.jpg" alt="" class="wp-image-870887" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152208/BABA-stock-technical-analysis-1024x593.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152208/BABA-stock-technical-analysis-300x174.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152208/BABA-stock-technical-analysis-768x445.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152208/BABA-stock-technical-analysis.jpg 1032w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by TradingView</figcaption></figure>
Because the shielding of certain electronic products from ramped up tariffs is only temporary and with longstanding issues between the world's top two economies yet to be resolved, the recent boost in the tech space could be temporary.
Sweetening the pot is the statistical argument for Alibaba&#8217;s bear case. For any given two-week period, Alibaba features a neutral to slightly upward bias. In other words, if a hundred trades were placed on the equity, maybe 51 or 52 of them would rise by the next two weeks on a good streak.
In other words, such a transaction would be worth investigating if a bearish trade offers the equivalent of a value bet — some incentive that tilts a neutral trade into one that's in the bettor's favor.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152834/BABA-stock-probability-gambit-1024x576.jpg" alt="" class="wp-image-870894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152834/BABA-stock-probability-gambit-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152834/BABA-stock-probability-gambit-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152834/BABA-stock-probability-gambit-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14152834/BABA-stock-probability-gambit.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
The wild card is that Alibaba&#8217;s stock tends to be a momentum play. Whenever the equity gains between 5% and 10% over a one-week period (such as now), the probabilities shift in favor of the bulls. At the same time, the risks of the current geopolitical environment might not be fully baked in.
<h2 class="wp-block-heading">Spotlighting the Risk-Inverted Put Spread</h2>
For those who anticipate that the optimism in Alibaba will soon fade, the 120/117 bear put spread for the options chain expiring April 25 appears enticing. This transaction involves buying the $120 put (for a time-of-writing ask of $840) and simultaneously selling the $117 put (at bid of $640), resulting in a net debit paid of $200.
Should Alibaba share prices fall to or below the $117 short put strike price at expiration, the maximum reward is $100, or a clean payout of 50%. What stands out, of course, is that currently, the share price is below the target. Rather than theta (or time decay) working against the buyer, it now works for the buyer.
Essentially, the buyer enters the trade in a winning position on paper and is simply waiting for convergence to parity — the fancy term for collecting the debit spread's maximum payout. Typically, credit sellers do the waiting for convergence (although in their case, it's a convergence to zero). Thus, as circumstances stand now, the 120/117 bear put spread is effectively risk-inverted.
Finally, this trade is also compelling because as a baseline, the chances that Alibaba&#8217;s stock will rise 1.7% — roughly the gap between the short strike price and BABA's current market price — over a two-week period is only around 42%.
Effectively, what empirically is a neutral wager leans bearishly under the context of the aforementioned bear put spread. Even if you're not necessarily negative on Alibaba, the value bet Wall Street provides may be too tempting to ignore.
Now Read:
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<li><a href="https://www.benzinga.com/25/04/44800329/this-strategy-always-outperforms-in-bear-markets">This Strategy Always Outperforms In Bear Markets</a></li>
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Image: Shutterstock

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