Spotify Technology Option Alert: Feb 28 $640 Puts at the Ask: 672 vs 14 OI

Spotify Technology Option Alert: Feb 28 $640 Puts at the Ask: 672 @ $15.05 vs 14 OI; Ref=$642.6

Spotify Technology Option Alert: Jan, 2026 $610 Puts at the Ask: 100 vs 44 OI

Spotify Technology Option Alert: Jan, 2026 $610 Puts at the Ask: 100 @ $71.75 vs 44 OI; Ref=$651.04

Spotify Technology 株価情報 (NYSE: SPOT)

Spotify Technology (NYSE:SPOT) 株価情報

Spotify Technology

Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.

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本日の注目ポイントは以下の通りです。投機的なセンチメント以下の点に注目：この記事は個別の銘柄ではなく、大局についてのものである。TSLA株のチャートはさまざまな視点について示すために使用されている。

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Spotify Technology SA (NYSE:SPOT)は、欧州連合（EU）での同社のiOSアプリのアップデートを2回目に試みたものの、Apple Inc.（NASDAQ:AAPL）によって阻まれた。これはApp

スポティファイはEUでiOSのアップデートを再開｜App Storeの利用規約によって阻まれる

Spotify Technology SA

Spot Coffee (Canada) Ltd

SPOTLITE360 IOT SOLUTION by SpotLite360 IOT Solutions Inc.

SpotLite360 IOT Solutions Inc

SPOTLIGHT HOMES INC by Spotlight Homes, Inc.

Spotlight Homes Inc

SPOTLIGHT CAP HLDGS INC by Spotlight Capital Holdings, Inc.

spotlight Capital Holdings Inc

<a href="https://www.ft.com/content/e58c0d37-392b-46ce-8835-f954b8676890">https://www.ft.com/content/e58c0d37-392b-46ce-8835-f954b8676890</a>

General

'Spotify to raise subscription prices outside the US'- Financial Times

Macquarie analyst Tim Nollen maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Outperform and raises the price target from $600 to $665.

Price Target

Analyst Ratings

Macquarie Maintains Outperform on Spotify Technology, Raises Price Target to $665

Investors with a lot of money to spend have taken a bearish stance on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 73 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 34% bullish and 47%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,325,233, and 56 are calls, for a total amount of $3,720,690.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $920.0 for Spotify Technology, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Spotify Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spotify Technology's whale trades within a strike price range from $310.0 to $920.0 in the last 30 days. 
<h3>Spotify Technology Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745438442_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$93.25</td>
<td>$92.0</td>
<td>$92.99</td>
<td>$630.00</td>
<td>$374.1K</td>
<td>72</td>
<td align="right">42</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$93.75</td>
<td>$88.4</td>
<td>$88.66</td>
<td>$630.00</td>
<td>$356.3K</td>
<td>42</td>
<td align="right">53</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$93.25</td>
<td>$93.25</td>
<td>$93.25</td>
<td>$600.00</td>
<td>$345.0K</td>
<td>1.2K</td>
<td align="right">37</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$48.6</td>
<td>$43.45</td>
<td>$45.5</td>
<td>$700.00</td>
<td>$273.0K</td>
<td>24</td>
<td align="right">60</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$17.3</td>
<td>$17.0</td>
<td>$17.3</td>
<td>$500.00</td>
<td>$259.5K</td>
<td>1.1K</td>
<td align="right">177</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Following our analysis of the options activities associated with Spotify Technology, we pivot to a closer look at the company's own performance.
<h3>Where Is Spotify Technology Standing Right Now?</h3>
<ul>
<li>With a volume of 1,581,027, the price of SPOT is down -0.11% at $589.75. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 6 days.</li>
</ul>
<h3>Expert Opinions on Spotify Technology</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $643.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Spotify Technology, maintaining a target price of $740. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Spotify Technology with a target price of $690. 
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Spotify Technology, maintaining a target price of $640. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Spotify Technology with a target price of $625. 
&#x2A; An analyst from Cantor Fitzgerald persists with their Neutral rating on Spotify Technology, maintaining a target price of $520. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Spotify Technology with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

Spotify Technology Unusual Options Activity

Wolfe Research analyst Devin Brisco upgrades Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from Peer Perform to Outperform and announces $660 price target.

Upgrades

Wolfe Research Upgrades Spotify Technology to Outperform, Announces $660 Price Target

Former President of NBC Cable (now NBCUniversal Media), Tom Rogers has been bullish on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) for several years. He says the company&#8217;s 5-year plan to <a href="https://benzinga.com/markets/equities/25/04/44806071/netflix-eyes-1-trillion-market-cap-by-2030-aims-to-double-revenue-and-dominate-global-streaming-report">hit $1 trillion</a> in market capitalization by 2030 is &#8220;very realistic,&#8221; and not &#8220;that hard to get.&#8221;
What Happened: The media executive, who now serves as the Chairman of gaming platform Oorbit, joined CNBC&#8217;s &#8220;Fast Money&#8221; on Wednesday, expressing his thoughts on Netflix&#8217;s recent growth targets and why he feels that they are achievable.
Rogers says, &#8220;it [Netflix] can stay tougher under a downturn than just about any other media stock,&#8221; since only 4% of its revenues come from advertising.
See More: <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">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>
While Netflix is currently in a defensive position due to its lower exposure to advertising, Rogers says that the company has to do well on advertising over the next 5 years to get to &#8220;the trillion-dollar market cap.&#8221;
&#8220;It&#8217;s not that hard to get there,&#8221; he says, &#8220;you probably have to get to 400 million subscribers,&#8221; which is 100 million more than <a href="https://benzinga.com/general/sports/25/04/44848932/netflix-q1-earnings-preview-no-subscriber-figures-experts-see-shares-as-safer-haven-in-this-tariff-war-environment">they recently announced</a>, or 20 million new subscriptions each year for the next five years.
Netflix is on track to hit 30% EBITDA margins this year, and according to Rogers, pushing that up to 40% within the next four and a half years is &#8220;eminently doable.&#8221; He points to the company's ad business as a key growth lever that&#8217;ll need to ramp up and scale to make that happen, while saying that &#8220;Netflix is a scale player&#8221; and &#8220;scale begets scale.&#8221;
Rogers says this new high-margin revenue stream could help Netflix triple its bottom line and double its top line, which at the stock&#8217;s current multiple &#8220;will get you to a trillion dollars.&#8221;
There is, however, a caveat, Rogers says, &#8220;Netflix&#8217;s engagement has to stay strong,&#8221; as it is the key to the platform&#8217;s pricing power and advertising revenue. He points out that the platform has dropped below 8% of all viewing time in March, losing market share to YouTube, which he expects to be covered during the company&#8217;s upcoming first-quarter earnings.
Why It Matters: According to <a href="https://in.benzinga.com/25/03/44471782/netflix-spotify-can-weather-economic-uncertainty-because-of-subscription-based-models-says-jim-cramer-heres-what-their-charts-are-indicating">a recent analysis</a> by Jim Cramer, subscription businesses like Netflix and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) can weather economic uncertainties significantly better than others.
Other analysts have reiterated this claim, with Oppenheimer &amp; Co.&#8217;s Jason Helfstein calling it the &#8220;cleanest story&#8221; in media, in the case of U.S. or global recession, once again citing the platform&#8217;s less reliance on advertising for revenue, <a href="https://deadline.com/2025/04/netflix-q1-2025-earnings-tariffs-wall-street-media-1236368789/">reported</a> by Deadline.
Price Action: Netflix stock ended down 1.54% on Wednesday ahead of its first quarter earnings release, but is up 5.87% in after-hours trading.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png" alt="" class="wp-image-875641" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM.png 1612w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Netflix shows strong momentum across the board in <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga&#8217;s Edge Stock Rankings</a>, only scoring low on &#8216;Value&#8217; at 11.82. For more insights on the company and its peers, consider signing up for Benzinga Edge today.
Photo: marekfromrzeszow / Shutterstock
Read More: <a href="https://www.benzinga.com/markets/25/04/44855903/scott-bessent-warns-of-serious-risk-to-anyone-buying-iran-oil-crude-moves-up-us-futures-and-nikkei-post-modest-gains">Scott Bessent Warns Of &#8216;Serious Risk&#8217; To Anyone Buying Iran Oil — Crude Moves Up, US Futures And Nikkei Post Modest Gains</a>

Entertainment

NFLX

Netflix's $1 Trillion Goal 'Very Realistic', Says Former Cable Executive: 'It's Not That Hard To Get There'

Investors with a lot of money to spend have taken a bullish stance on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 27 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 33%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $738,309, and 20 are calls, for a total amount of $1,149,590.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $460.0 to $820.0 for Spotify Technology over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Spotify Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spotify Technology's whale trades within a strike price range from $460.0 to $820.0 in the last 30 days. 
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744826494_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$27.8</td>
<td>$26.75</td>
<td>$27.13</td>
<td>$530.00</td>
<td>$362.0K</td>
<td align="right">53</td>
<td align="right">141</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$14.25</td>
<td>$13.4</td>
<td>$13.88</td>
<td>$480.00</td>
<td>$184.5K</td>
<td align="right">125</td>
<td align="right">134</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/25/25</td>
<td>$13.0</td>
<td>$12.3</td>
<td>$13.0</td>
<td>$582.50</td>
<td>$130.0K</td>
<td align="right">0</td>
<td align="right">100</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$13.65</td>
<td>$12.1</td>
<td>$12.5</td>
<td>$582.50</td>
<td>$120.0K</td>
<td align="right">0</td>
<td align="right">201</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$112.85</td>
<td>$108.6</td>
<td>$108.6</td>
<td>$460.00</td>
<td>$108.6K</td>
<td align="right">86</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Following our analysis of the options activities associated with Spotify Technology, we pivot to a closer look at the company's own performance.
<h3>Where Is Spotify Technology Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,029,125, the price of SPOT is down by -2.31%, reaching $559.17.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>What The Experts Say On Spotify Technology</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $651.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $625. 
&#x2A; An analyst from China Renaissance downgraded its action to Buy with a price target of $740. 
&#x2A; An analyst from Cantor Fitzgerald persists with their Neutral rating on Spotify Technology, maintaining a target price of $520. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $680. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $690. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Spotify Technology, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With SPOT

Cantor Fitzgerald analyst Deepak Mathivanan maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Neutral and lowers the price target from $600 to $520.

Cantor Fitzgerald Maintains Neutral on Spotify Technology, Lowers Price Target to $520

<a href="https://x.com/spotifystatus/status/1912538521489051844?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg" title="https://x.com/spotifystatus/status/1912538521489051844?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg">https://x.com/spotifystatus/status/1912538521489051844?s=46&amp;t=dtUiyC3dUs5yGRgT9qYHWg</a>

Spotify, Regarding Status On Outage, Posts On X Saying "All Clear"

<a href="https://support.spotify.com/ca-en/article/ongoing-issues/" title="https://support.spotify.com/ca-en/article/ongoing-issues/">https://support.spotify.com/ca-en/article/ongoing-issues/</a>

Spotify Is Down According To Widespread User Reports Across The U.S. And Europe, With Issues Preventing The Platform From Loading Or Streaming

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/04/15/final-trades-netflix-charles-schwab-spotify-and-the-efa.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is a <a href="https://www.benzinga.com/markets/equities/25/04/44806071/netflix-eyes-1-trillion-market-cap-by-2030-aims-to-double-revenue-and-dominate-global-streaming-report">defensive tech</a>.
Netflix shares settled higher Tuesday following reports that the entertainment giant plans to double its revenue by 2030. According to a Wall Street Journal report, Netflix shared ambitious new growth targets at its annual business review meeting last month, including plans to double its revenue by 2030. The streaming giant reported $39 billion in total revenue last year.
Shannon Saccocia of NB Private Wealth picked iShares MSCI EAFE ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFA#NYSE">EFA</a>).
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Stephanie Link of Hightower named The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), saying cash deposits are improving.
On March 14, Charles Schwab said its core net new assets brought to the company by new and existing clients stood at $48.0 billion, up around 44% year-over-year. Transactional sweep cash increased by $4.7 billion to end February at $404.3 billion.
Joseph M. Terranova of Virtus Investment Partners picked Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) as his final trade.
On Tuesday, UBS analyst Batya Levi maintained Spotify with a Buy rating but lowered the price target from $690 to $680.
Price Action:
<ul>
<li>Netflix shares gained 4.8% to close at $976.28 on Tuesday.</li>
<li>iShares MSCI EAFE ETF rose 0.9% during Tuesday's session.</li>
<li>Charles Schwab shares gained 0.4% to close at $77.19 on Tuesday.</li>
<li>Spotify gained 4.2% to settle at $572.39 during Tuesday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44811698/jim-cramer-planet-fitness-is-doing-better-than-expected-says-no-to-this-industrial-stock">Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock</a></li>
</ul>
Photo: Shutterstock

SCHW

Netflix, Spotify, Charles Schwab And More On CNBC's 'Final Trades'

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Spotify Technology shares are trading higher. UBS maintained its Buy rating on the stock

CNBC Halftime Report Final Trades: Netflix, Charles Schwab, Spotify Technology, iShares MSCI EAFE ETF

UBS analyst Batya Levi maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and lowers the price target from $690 to $680.

UBS Maintains Buy on Spotify Technology, Lowers Price Target to $680

ValueAct Holdings, L.P. initiated a position in Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) in the fourth quarter of 2024, purchasing 536,900 shares worth approximately $122 million, according to a 13F-HR filing with the U.S. Securities and Exchange Commission on Feb. 14.
What Happened: Since then, Amazon&#8217;s stock has dropped 20.81% from $228.86 to $181.22 as of Thursday&#8217;s close, largely due to pressure from President Donald Trump&#8216;s newly implemented tariff policies. 
The decline reduced ValueAct&#8217;s Amazon investment by about $25 million to roughly $97 million.
Meanwhile, the San Francisco-based activist hedge fund reduced its Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) position by 1,015,800 shares, a 26% cut to its largest holding. 
Salesforce stock has fallen 21.63% from $325.54 to $255.12 during the same period. This well-timed reduction helped ValueAct avoid approximately $71 million in potential losses amid market volatility.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44754189/bitcoin-ethereum-dogecoin-tumble-as-trump-ups-china-tariffs-scraps-irs-rule-in-nod-to-crypto-voters-rising-yuan-could-boost-altcoins-says-analyst">Bitcoin, Ethereum, Dogecoin Tumble As Trump Ups China Tariffs, Scraps IRS Rule In Nod To Crypto Voters: Rising Yuan Could Boost Altcoins, Says Analyst</a>
Why It Matters: The strategic moves come during a tumultuous market environment where Trump&#8217;s administration has implemented a temporary 10% universal tariff on most imports and <a href="https://www.benzinga.com/markets/equities/25/04/44753780/us-stock-futures-fall-nikkei-crashes-over-5-as-markets-reel-from-trumps-tariff-shock">a steep 145% duty on Chinese goods</a>, triggering significant market declines. The Nasdaq-100 lost 4.19% and the S&amp;P 500 fell 3.46% in recent trading.
ValueAct&#8217;s investment approach aligns with its history of backing technology and growth sectors. The firm, which manages <a href="https://www.benzinga.com/markets/equities/25/02/43518855/jeff-ubbens-valueact-bet-on-meta-visa-and-exited-spotify-in-q3-was-it-a-clever-move">approximately $9.27 billion in assets</a>, has demonstrated mixed results with recent investments. 
Led by CEO Mason Morfit and co-CEO Rob Hale since founder Jeff Ubben&#8216;s departure in 2020, ValueAct has built a reputation for its collaborative activist investment style that seeks to influence <a href="https://www.benzinga.com/25/02/43875453/valueact-bets-119-million-on-amazon-as-analysts-see-25-upside-whats-driving-jeff-bezos-e-commerce-giant">corporate policy to enhance company value</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/commodities/25/04/44754594/gold-miners-rally-as-bullion-hits-3212-record-trump-tariffs-fuel-over-20-year-to-date-surge-across-sector">Gold Miners Rally As Bullion Hits $3,212: Trump Tariffs Fuel Over 20% Year-To-Date Surge Across Sector</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.

Equities

Trump Tariff Turmoil Hits ValueAct's Amazon Stake, But Well-Timed Salesforce Sell Pays Off

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Shares of companies within the broader communication services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of companies within the broader communication services sector are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Keybanc analyst Justin Patterson maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and lowers the price target from $675 to $625.

Keybanc Maintains Overweight on Spotify Technology, Lowers Price Target to $625

JP Morgan analyst Doug Anmuth maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and lowers the price target from $730 to $640.

JP Morgan Maintains Overweight on Spotify Technology, Lowers Price Target to $640

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="582" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg" alt="" class="wp-image-9785" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-300x171.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-768x436.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">You Just Survived The 16th-Worst 2-Day Period For Stocks</h2>
According to Michael McDonough, Thursday and Friday were the 16th worst 2-day period for the S&amp;P 500 in history.&nbsp;
<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">If my math is right, we just had the 16th worst 2‑day performance in the S&amp;P 500 in history: Top 25 Largest 2‑Day Declines: 1987‑10‑19: -24.57% 1929‑10‑29: -21.78% 1933‑07‑21: -16.81% 1987‑10‑20: -16.23% 1929‑11‑06: -14.66% 2020‑03‑12: -13.93% 1932‑10‑10: -13.59% 1933‑07‑20:…
&mdash; Michael McDonough (@M_McDonough) <a href="https://twitter.com/M_McDonough/status/1908265533230747690?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Some Of You Did More Than Survive</h2>
If you&#8217;re reading this, you survived. And if you followed our suggestions this week&#8211;to <a href="https://www.benzinga.com/markets/equities/25/03/44562306/are-we-heading-into-a-bear-market">raise </a>cash and hedge on Monday&#8230;
<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"><a href="https://t.co/q7rnVWN3hA">https://t.co/q7rnVWN3hA</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1906521233518125227?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
To enter <a href="https://www.benzinga.com/markets/equities/25/04/44607209/betting-on-both-outcomes-a-liberation-day-gameplan">binary trades</a> on Tuesday&#8230;
<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">(Max losses on both trades are 100%, which would occur if our two stocks end the week flat from here.)<a href="https://t.co/4SP9hoRYzy">https://t.co/4SP9hoRYzy</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907096366779687239?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
And to&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-adding-short-exposure">add short exposure</a>&nbsp;on Wednesday&#8230;
<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"><a href="https://t.co/0At9cbQEeE">https://t.co/0At9cbQEeE</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907505190971883920?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
You thrived.&nbsp;
<ol>
<li>Credit put spread on&nbsp;Spotify Technology, S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). Entered at a net credit of $8 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-liberation-day">4/1/2025</a>; this is still open, but looks like we'll exit at a net debit of $10 on 4/4/2025.&nbsp;Loss: 100%.</li>
<li>Calls on Spotify (<a href="https://substack.com/discover/stocks/SPOT" target="_blank" rel="noreferrer noopener">SPOT 0.00%↑</a>). Bought for $1.67 on 4/1/2025; sold (second half) for $4 on 4/3/2025. Profit: 2%</li>
<li>Puts on Arm Holdings, Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Bought for $1.82 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 120%.</li>
<li>Calls on Broadcom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). Bought for $1.74 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 130%.</li>
<li>Calls on Spotify (SPOT 0.00%↑). Bought for $1.67 on 4/1/2025; sold (half) for $4 on 4/2/2025. Profit: 140%.</li>
<li>Credit call spread on Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Entered at a net credit of $7.50 on 4/1/2025; exited at a net debit of $0.20 on 4/4/2025. Profit: 292%.</li>
<li>Puts on Nvidia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Bought for $1.17 on 4/2/2025; sold (half) for $5.80 on 4/4/2025. Profit: 396%.</li>
</ol>
Although you took a bath on our bullish binary trade, the credit put spread on Spotify, you made money on everything else.&nbsp;
<h2 class="wp-block-heading">What If The Worst Two-Day Period Is Ahead Of Us?&nbsp;</h2>
The worst two-day period for the S&amp;P 500 happened in 1987. What if something that bad&#8211;or worse&#8211;happens again? In the guest post below, our friend David Janello, PhD, CFA, has a suggestion for how you can protect against that.&nbsp;
Dr. Janello is the founder of SpreadHunter, and the author of The Nuclear Option: Trading To Win With Options Momentum Strategies.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.amazon.com/dp/B0C87VC47C?ref_=cm_sw_r_ffobk_cp_ud_dp_JXCJEQK0686P75VWB8M6_1&amp;peakEvent=1&amp;dealEvent=0&amp;starsLeft=1&amp;skipTwisterOG=1&amp;bestFormat=true"><img loading="lazy" decoding="async" width="500" height="737" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg" alt="" class="wp-image-9786" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear-204x300.jpg 204w" sizes="(max-width: 500px) 100vw, 500px" /></a></figure>
Authored by David Janello, PhD, CFA at Nuclear Options Trading.
<h2 class="wp-block-heading">Protecting Against A 1987-Style Crash</h2>
With the market continuing its relentless drive lower, there are a few outcomes that can unfold over the next week or two. Here are option trades (with fill prices) to capture extreme profits in one or more of these scenarios. But equally important, we look at trades to avoid because of poor pricing.
The most likely possibilities for the market in the near future are:
<ol>
<li>A sharp move higher, from extreme oversold conditions (no news)</li>
<li>A violent move higher, based on a truce in the ongoing trade war</li>
<li>A continuous move straight down for 30-90 days, like 2022</li>
<li>Or a violent move lower, on either no news or an acceleration in the trade war</li>
</ol>
<h2 class="wp-block-heading">The More Likely Scenarios</h2>
In our opinion, Scenarios 1 and 2 are the most likely to occur. Unfortunately, the options pricing to capture these moves is extremely poor, which generates mediocre profits even if the forecast comes true.
Recall that we discussed the 2022 Scenario discussed in an earlier Nuclear Option Substack post, with an example bearish trade in TSLA that was profitable. And because of the potential for a violent move up (on tariff / trade war truce) we would avoid re-initiating this trade because of the extremely high risk.
The final scenario, a violent move lower, perhaps Monday at the open (like 1987) is the only scenario with decently priced spread trades.
Our favorite trade from this morning was this:
<ul>
<li>Long VIX Index 70-90 Call Vertical Spread Expiring April 16 at 0.20.</li>
</ul>
This trade risks 20- for a 2000- potential gain. Although it is a low probability trade, the potential profits more than make up for it. If we get a 1987 type crash on Monday morning, this is the trade have.
NOTE: You can only trade VIX Index Options and Complex Spreads on the CBOE Exchange.
Algorithmic Trades:
<ul>
<li>Visa (V) 255 Put 255 Strike Put Calendar Apr 17-Apr25 day traded for a 142% profit earlier. If you want to try to get more, set the max price at 0.07.</li>
<li>Exxon Mobil (XOM) 95 Strike Put Calendar Apr 17-25 day traded for 333% profit at the close</li>
</ul>
DISCLAIMER: All Content on the Nuclear Option Substack is for Education and Information Purposes only. It does not constitute a solicitation or recommendation to buy or sell any security. Before trading, consult with your Professional Financial Advisor and read the booklet Characteristics and Risks of Standardized Options Contracts, available from the Options Clearing Corporation.
<h2 class="wp-block-heading">If You Just Want To Hedge</h2>
As a reminder, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223551/QR-Code-2.jpg" alt="" class="wp-image-9787" /></a></figure>
And if you want a heads up when we place our next trade, you can subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can subscribe to Dr. Janello&#8217;s Substack<a href="https://nuclearoptiontrading.substack.com/">&nbsp;here</a>.&nbsp;
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;Also, you can follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="581" height="372" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg" alt="" class="wp-image-9788" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg 581w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2-300x192.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></figure>

Technicals

Signals

AVGO

How to Protect Against A 1987-Style S&P 500 Crash Scenario

MDIA

Shares of companies within the broader communication services sectors are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Press Releases

Spotify Technology S.A. to Announce Financial Results for Third Quarter 2024

SuRo Capital: Unlocking Access To Potentially High-Growth Venture Opportunities Like OpenAI And Liquid Death

SuRo Capital (NASDAQ: SSSS) Allows The Everyday Investor Opportunities In Potentially High Growth Startups Like OpenAI And CoreWeave

Spotify Technology S.A. Releases Financial Results for Third Quarter 2024

Comstock Welcomes Inova 360° Concierge Medicine to The Row at Reston Station

Spotify Technology S.A. to Announce Financial Results for Fourth Quarter 2024

Spotify Technology S.A. Releases Results for Fourth Quarter 2024

NYSE CONTENT ADVISORY: New York Stock Exchange Partnership Network Update

How the Music Industry's Cultural and Financial Impact Define Its Success in 2025: Spotify Loud & Clear Report

Spotify Technology S.A. to Announce Results for First Quarter 2025

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Screenshot 2024-11-11 at 7.27.28 PM

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Unusual Options Activity for

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
01:23 PMFeb 13, 2025	PUT	$640.00	Feb 28, 2025	-58	1582	672	11300	14	TRADE	BEARISH
10:42 AMFeb 13, 2025	PUT	$610.00	Jan 16, 2026	264	100	100	227	44	TRADE	BEARISH