U-BX Technology 株価情報 (NASDAQ: UBXG)

最新ニュース U-BX Technology (NASDAQ:UBXG) 株価情報

U-BX Technology

U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company derives a majority of its revenue by providing digital promotion services to its clients and also engages in providing risk assessment services, and value-added bundled benefits. It has developed an algorithm named Magic Mirror, to calculate payout risks for insurance carriers to underwrite auto insurance coverage. Geographically, all of the company's revenue is derived from Mainland China.

U-BX Technology Ltd

The rise of Bitcoin exchange-traded funds (ETFs) is reshaping institutional engagement with digital assets. During a panel at the <a href="https://www.benzinga.com/digital-assets">Benzinga Future of Digital Assets</a> conference, financial leaders discussed how these funds streamline access and redefine market liquidity.
<h4 class="wp-block-heading">Simplifying Institutional Access</h4>
Bitcoin ETFs have removed barriers that once deterred traditional investors from entering the crypto market. Robert Leshner, CEO of Superstate, emphasized how these products integrate with existing systems, allowing institutions to adopt Bitcoin without overhauling their processes. "We're starting to see hedge funds buying Bitcoin through ETFs because it just slots into their existing workflows," Leshner explained.
Jeff Park, head of alpha strategies at Bitwise Asset Management, highlighted how ETFs minimize risks for traditional players. "ETFs bring new kinds of liquidity in a way crypto native assets haven't been able to," he noted. This functionality aligns with the needs of institutional investors, who value security and reliability in financial instruments.
<h4 class="wp-block-heading">Unlocking New Opportunities</h4>
Beyond accessibility, ETFs offer institutions a chance to explore advanced financial strategies. Park pointed to securities lending as one avenue through which ETF holders can generate additional income. "When you buy Bitcoin in an ETF format, you can participate in the securities lending market and earn yield," he said.
Park also recounted how an East Coast pension plan incorporates Bitcoin into a fixed-income strategy through BlackRock. This development reflects a broader trend of digital assets being integrated into traditional investment portfolios. "It's no longer about pitching Bitcoin; it's about optimizing returns within an existing framework," he added.
<h4 class="wp-block-heading">Expanding Digital Asset Adoption</h4>
Panelists observed that Bitcoin ETFs often serve as a first step for institutions exploring the crypto market. Once familiar with ETFs, many institutions consider holding digital assets directly to reduce costs and increase control. Leshner noted, "They start exploring accounts with platforms like Anchorage or Coinbase Prime to cut out management fees and handle assets natively."
This growing interest is expected to drive a new wave of institutional participation, broadening the scope of digital asset use.
<h4 class="wp-block-heading">Looking Ahead</h4>
The panel concluded optimistically about Bitcoin ETFs&#8217; ongoing impact on financial markets. Park emphasized the potential for these funds to support advanced trading strategies and further institutional adoption. "This is just the beginning," he said, signaling an era of transformation for how traditional investors interact with digital assets.
By bridging the gap between traditional finance and crypto, Bitcoin ETFs enable access and encourage deeper engagement with blockchain-based financial tools.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42392014/special-purpose-broker-dealer-licenses-reshape-digital-asset-securities-market" target="_blank" rel="noreferrer noopener">What's Stalling Tokenized Securities? The Infrastructure Hurdle</a></li>
</ul>
Photo by Corynn Egreczky.

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

Cryptocurrency

Events

Interview

Bitcoin ETFs Drive Institutional Adoption, Expand Market Liquidity

At a recent panel discussion at Benzinga&#8217;s Future of Digital Assets event, experts delved into the intersection of digital asset technologies and energy practices, exploring how innovations in staking and mining shape the sustainability <a href="https://www.benzinga.com/topic/blockchain">narrative in blockchain ecosystems</a>. 
The conversation highlighted the dual objectives of efficiency and environmental responsibility, which increasingly guide the industry's development.
Panelists emphasized the distinct characteristics of staking compared to traditional mining, noting its potential for reducing energy consumption. Ben Spiegelman, vice president at Figment, explained the difference between proof-of-work and proof-of-stake mechanisms. 
"Proof-of-work relies on massive computational power, but proof-of-stake introduces a model where users lock their tokens as collateral, significantly reducing the energy demands of securing the network," Spiegelman said.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42515771/blockchain-guardians-marathon-digital-vp-other-industry-leaders-push-for-transparency-in-custody">Blockchain Guardians &#8211; Marathon Digital VP, Other Industry Leaders Push For Transparency In Custody</a>
He further described how staking providers, like Figment, collaborate with institutional holders to manage this process. We ensure that assets are securely staked while seamlessly delivering rewards to participants. &#8220;
The shift to staking, particularly on networks like Ethereum, demonstrates the industry's willingness to adapt for sustainability. As Spiegelman pointed out, this transition has already contributed to more energy-conscious blockchain operations.
<h3 class="wp-block-heading">Mining's Role in Load Balancing</h3>
Paul Giordano of Marathon Digital Holdings turned the spotlight on mining, illustrating how it can support renewable energy initiatives. "Bitcoin mining acts as a load balancer for energy grids. We can reduce demand during peak hours and increase it when demand is low, stabilizing cash flow for utilities," Giordano explained.
He shared an example from a mining operation in Kenya, where surplus hydroelectric energy powers mining rigs and funds local infrastructure development. "We're turning stranded energy into a resource that benefits communities," he said.
This approach aligns with global sustainability goals and strengthens the argument for mining as a contributor to renewable energy systems rather than a competitor.
<h3 class="wp-block-heading">Bridging Gaps with Policymakers</h3>
The panelists acknowledged the need for education and collaboration with regulators to shift perceptions about mining and staking practices. Giordano emphasized the importance of transparency in discussions with policymakers. "We need to show how mining integrates with energy systems and contributes positively, rather than detracting from them," he said.
Spiegelman added that advancements in technology could further enhance these efforts. "By implementing more sophisticated custody and staking solutions, we're reducing the risks and inefficiencies that have hindered trust in digital assets," he noted.
<h3 class="wp-block-heading">A Unified Vision for Sustainability</h3>
The discussion concluded with a shared optimism for the future of digital assets and their potential to foster sustainable practices. The industry is paving a path toward broader adoption and integration with existing energy systems by leveraging staking to lower energy consumption and mining to complement renewable energy sources.
"We're at the beginning of a transformation," Giordano remarked. "As digital assets evolve, their role in energy solutions will grow more impactful." The panelists highlighted that this evolution is driven by a commitment to innovation and recognition of the blockchain industry&#8217;s environmental responsibilities today.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42515773/ethereum-price-soars-past-4000-what-is-going-on-with-eth">Ethereum Price Soars Past $4,000: What Is Going On With ETH?</a></li>
</ul>
Image: Midjourney

From Proof-of-Work To Proof-of-Stake: Figment VP Discusses Sustainability In Blockchain

Barrick Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) has warned it may suspend operations in Mali if the government continues to block gold shipments from its Loulo-Gounkoto mining complex, one of its largest <a href="https://www.benzinga.com/topic/gold">operational gold mines</a>.
Over the past months, the situation in Mali has escalated as the ruling military junta pushed for higher mining royalties. The Canadian miner described the situation as a "significant deterioration" in local conditions, citing the unjust imprisonment of employees and stalled negotiations.
"If shipments remain suspended, Barrick will be compelled to halt operations, further impacting the viability of this critical economic driver for Mali," the company <a href="https://www.barrick.com/English/news/news-details/2024/barrick-update-on-mali-operations/default.aspx">said</a> in a statement. Barrick has sought resolution through months of negotiations, offering concessions and engaging with Mali's government and advisors. Despite these efforts, no agreement has been reached.
Since Nov. 25, senior members of Barrick's Malian management team have been imprisoned, with CEO Mark Bristow<a href="https://www.benzinga.com/24/12/42360000/mali-escalates-mining-tensions-targets-barrick-ceo-with-arrest-warrant"> facing an arrest warrant</a> over alleged tax disputes. At the same time, Resolute Mining's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMGGY#OTC">RMGGY</a>) CEO was <a href="https://www.benzinga.com/news/large-cap/24/11/41968322/mali-demands-162-million-from-resolution-trading-suspended">detained for 12 days</a> before the parties reached a settlement.
Barrick's Lolo-Gounkoto is one of the top assets in its portfolio and produces nearly 700,000 ounces annually. Over the past 29 years, the company has invested more than $10 billion in Mali, contributing between 5% and 10% of its GDP annually. The complex also employs 8,000 workers, 97% of whom are Malian nationals, and generates over 70% of its economic benefits for the Malian state.
Besides Barrick and Resolute, notable foreign miners include B2Gold Corp (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTG#AMEX">BTG</a>) and Hummingbird Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HUMRF#OTC">HUMRF</a>). These companies contribute to Mali's position as one of Africa's largest gold producers, generating nearly 70 metric tons of gold yearly.
Bristow, famous for his diplomatic acumen, noted the company's commitment to Mali but pointed out that the ongoing crisis affects market sentiment.
"Recent developments further erode investor confidence in Mali's mining sector and will deter future investment. Nonetheless, in view of our long-standing commitment to the people of Mali, we remain open to constructive engagement with the government to resolve these issues while protecting the viability of this key economic driver for Mali," he said.
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve"> </a> • <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">Trump Reportedly Considering Executive Order To Establish Strategic Bitcoin Reserve</a>

Government

News

Guidance

Commodities

Global

Markets

GOLD

HUMRF

RMGGY

Barrick Warns About Destabilization In Mali, Could Halt One Of Its Largest Mines

In the current market session, NEXTracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) price is at $35.94, after a 1.33% increase. However, over the past month, the stock fell by 2.09%, and in the past year, by 21.34%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734378311_0.png" alt="Past Year Chart" />

<h3>A Look at NEXTracker P/E Relative to Its Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
NEXTracker has a lower P/E than the aggregate P/E of 68.69 of the Electrical Equipment industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734378311_1.png" alt="Guage" />

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

Intraday Update

A Look Into NEXTracker Inc's Price Over Earnings

WIIM

ZYME

Zymeworks shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and announced a price target of $18.

QURE

UniQure shares are trading higher after Stifel maintained a Buy rating on the stock and raised its price target from $12 to $32.

Trading Ideas

BROS

Watching Dutch Bros; Shares Move Higher Following CNBC Mention

Investors with a lot of money to spend have taken a bullish stance on Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ULTA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Ulta Beauty.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $101,660, and 9, calls, for a total amount of $1,012,847.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $520.0 for Ulta Beauty during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Ulta Beauty's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Ulta Beauty's significant trades, within a strike price range of $200.0 to $520.0, over the past month.
<h3>Ulta Beauty Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734377432_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$28.5</td>
<td>$28.4</td>
<td>$28.4</td>
<td>$470.00</td>
<td>$193.1K</td>
<td align="right">698</td>
<td align="right">70</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$31.5</td>
<td>$29.7</td>
<td>$29.71</td>
<td>$400.00</td>
<td>$168.0K</td>
<td align="right">455</td>
<td align="right">182</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$51.4</td>
<td>$48.1</td>
<td>$49.2</td>
<td>$400.00</td>
<td>$147.6K</td>
<td align="right">197</td>
<td align="right">30</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$26.5</td>
<td>$23.9</td>
<td>$26.07</td>
<td>$400.00</td>
<td>$129.9K</td>
<td align="right">455</td>
<td align="right">100</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$33.2</td>
<td>$27.8</td>
<td>$30.5</td>
<td>$400.00</td>
<td>$124.9K</td>
<td align="right">455</td>
<td align="right">204</td>
</tr>
</tbody>
</table>

<h3>About Ulta Beauty</h3>
With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and more than 600 individual brands. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Having examined the options trading patterns of Ulta Beauty, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Ulta Beauty</h3>
<ul>
<li>Currently trading with a volume of 483,691, the ULTA's price is down by 0.0%, now at $424.11. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 87 days.</li>
</ul>
<h3>What Analysts Are Saying About Ulta Beauty</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 $418.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Ulta Beauty, which currently sits at a price target of $410. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Ulta Beauty, maintaining a target price of $360. 
&#x2A; An analyst from Citigroup has decided to maintain their Neutral rating on Ulta Beauty, which currently sits at a price target of $390. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Ulta Beauty with a target price of $450. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Ulta Beauty with a target price of $480. 
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 Ulta Beauty, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

ULTA

Check Out What Whales Are Doing With ULTA

Deep-pocketed investors have adopted a bullish approach towards Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MSFT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 107 extraordinary options activities for Microsoft. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 42% bearish. Among these notable options, 24 are puts, totaling $1,438,204, and 83 are calls, amounting to $10,813,114.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $700.0 for Microsoft during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Microsoft stands at 5033.26, with a total volume reaching 95,875.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Microsoft, situated within the strike price corridor from $200.0 to $700.0, throughout the last 30 days.
<h3>Microsoft Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734377427_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$47.7</td>
<td>$46.9</td>
<td>$47.22</td>
<td>$440.00</td>
<td>$708.3K</td>
<td>4.4K</td>
<td>153</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$8.15</td>
<td>$7.95</td>
<td>$7.95</td>
<td>$445.00</td>
<td>$461.3K</td>
<td>3.1K</td>
<td>12.1K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$60.45</td>
<td>$57.85</td>
<td>$60.4</td>
<td>$500.00</td>
<td>$302.0K</td>
<td>2.1K</td>
<td>56</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$252.5</td>
<td>$251.5</td>
<td>$251.87</td>
<td>$200.00</td>
<td>$251.8K</td>
<td>13</td>
<td>10</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$16.6</td>
<td>$16.35</td>
<td>$16.49</td>
<td>$515.00</td>
<td>$247.5K</td>
<td>4.4K</td>
<td>156</td>
</tr>
</tbody>
</table>

<h3>About Microsoft</h3>
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
<h3>Microsoft's Current Market Status</h3>
<ul>
<li>Trading volume stands at 9,347,817, with MSFT's price down by -0.12%, positioned at $446.75.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>What The Experts Say On Microsoft</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $510.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Microsoft, targeting a price of $510. 
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 Microsoft, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

MSFT

Looking At Microsoft's Recent Unusual Options Activity

High-rolling investors have positioned themselves bullish on Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in OKTA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Okta. This is not a typical pattern.
The sentiment among these major traders is split, with 36% bullish and 18% bearish. Among all the options we identified, there was one put, amounting to $25,900, and 10 calls, totaling $388,572.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $87.5 for Okta, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Okta stands at 913.2, with a total volume reaching 1,842.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Okta, situated within the strike price corridor from $70.0 to $87.5, throughout the last 30 days.
<h3>Okta Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734377422_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$5.95</td>
<td>$80.00</td>
<td>$74.3K</td>
<td>851</td>
<td align="right">132</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/10/25</td>
<td>$3.3</td>
<td>$3.0</td>
<td>$3.29</td>
<td>$84.00</td>
<td>$69.2K</td>
<td>18</td>
<td align="right">305</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/24/25</td>
<td>$4.25</td>
<td>$3.85</td>
<td>$4.02</td>
<td>$84.00</td>
<td>$40.1K</td>
<td>161</td>
<td align="right">100</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$16.4</td>
<td>$14.65</td>
<td>$15.65</td>
<td>$70.00</td>
<td>$39.1K</td>
<td>354</td>
<td align="right">25</td>
</tr>
<tr>
<td>OKTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.25</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$87.50</td>
<td>$33.0K</td>
<td>1.4K</td>
<td align="right">360</td>
</tr>
</tbody>
</table>

<h3>About Okta</h3>
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Following our analysis of the options activities associated with Okta, we pivot to a closer look at the company's own performance.
<h3>Okta's Current Market Status</h3>
<ul>
<li>With a volume of 2,134,633, the price of OKTA is up 2.85% at $84.33. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>What Analysts Are Saying About Okta</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 $100.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Okta, targeting a price of $100. 
&#x2A; Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for Okta, targeting a price of $90. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $101. 
&#x2A; An analyst from BMO Capital persists with their Market Perform rating on Okta, maintaining a target price of $105. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Okta, maintaining a target price of $107. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Okta options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

OKTA

Behind the Scenes of Okta's Latest Options Trends

Planet Labs shares are trading higher after Citigroup maintained a Buy rating on the stock and raised its price target from $4.05 to $5.

Mercurity Fintech shares are trading higher after the company announced a joint venture to expand into AI hardware intelligent manufacturing and support liquid cooling solutions for AI servers.

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has surged past the $4,000 milestone again, fueled by widespread market optimism and unprecedented inflows into <a href="https://www.benzinga.com/money/what-is-ethereum-etf#:~:text=All%2010%20Items-,What%20Is%20an%20Ethereum%20ETF%3F,owning%20the%20digital%20asset%20itself.">ETH-focused ETFs</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$4,065.94&nbsp;</td>
<td>$489.6 billion</td>
<td>+4.2%&nbsp;</td>
<td>+6.5%&nbsp;</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$106,464.31</td>
<td>$2.1 trillion</td>
<td>+3.1%&nbsp;</td>
<td>+9.4%&nbsp;</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td> $2.47</td>
<td>$141.8 billion</td>
<td>+2.1%&nbsp;</td>
<td>+3%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With prices trading around 5% higher on Monday, crypto trader DonAlt tweeted,
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> &#x1f440; <a href="https://t.co/eanzXmw007">pic.twitter.com/eanzXmw007</a>
&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1868718017850515753?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
SmileyCapital <a href="https://x.com/smileycapital/status/1868712269028409594">shared with</a> his followers that now is an opportune moment to buy ETH, suggesting $4,000 might be "the cheapest ETH you'll see for a very long time." 
He boldly predicts that Ethereum could soon surpass Bitcoin in prominence.
Similarly, trader McKenna <a href="https://x.com/Crypto_McKenna/status/1868708705430389015">anticipates</a> a strong "institutional narrative and FOMO" surrounding Ethereum spot ETFs as Q1 2025 approaches. 
He noted that the year-end surge in institutional interest signals a trend likely to persist. 
Crypto analyst Wolf echoed these sentiments, stating that no other chart currently shows as much explosive potential as Ethereum.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I challenge you to find a chart right now with more potential to explode than <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. There is none. <a href="https://t.co/5JvCvkrE6M">pic.twitter.com/5JvCvkrE6M</a>
&mdash; Wolf &#x1f43a; (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1868706773768839220?ref_src=twsrc%5Etfw">December 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Statistics: SoSoSo Value data shows Ethereum Spot ETFs posting $855 million in net inflows between Dec. 9 and 13, marking a record high. 
BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) ETF saw $523 million in weekly inflows, while Fidelity&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FETH#NASDAQ">FETH</a>) ETF followed with $259 million in net inflows. 
Total net assets stood at $13.8 billion as of Dec.13.
IntoTheBlock data shows large transaction volume increasing by 3.8% and daily active addresses dropping by 3.7%. 
Exchanges netflows are down by 538.9%. 
Around 96% ETH holders are in profit, 4% are at breakeven.
Coinglass data shows Ethereum short liquidations of $56.8 million at the highest level since Aug. 5.
Open interest spiked 9.5% to $29.7 billion in a single day, while ETH derivatives trading volume surged 124%.
Community News: SpotOnChain <a href="https://platform.spotonchain.ai/en/entity/278">data</a> shows Justin Sun withdrawing 52,905 ETH (worth $209 million) from Lido Finance approximately 15 hours ago, reporting a 29% ROI and a profit of $349 million on his ETH investments.
Following Ethereum's recent rally to $4,000, Sun sold 29,920 ETH (valued at $119.7 million).
What&#8217;s Next: Ethereum's recent momentum reflects strong institutional interest, elevated trading activity and key movements from high-profile investors, adding fuel to <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">its bullish outlook</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42490266/bitcoin-to-180000-ethereum-over-6000-solana-to-500-vanecks-2025-crypto-predictions">Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck&#8217;s 2025 Crypto Predictions</a></li>
</ul>
Image: Shutterstock

$BTC

$ETH

$XRP

ETHA

Fidelity Ethereum Fund Fidelity Ethereum Fund

FETH

Ethereum Price Soars Past $4,000: What Is Going On With ETH?

As digital assets continue to reshape financial systems, custody solutions are emerging as a central concern for <a href="https://www.benzinga.com/topic/institutional-investors">retail and institutional investors</a>. 
During a panel at the recent Benzinga Future of Digital Assets conference, industry leaders explored the evolving role of custody in safeguarding digital assets, balancing security with accessibility, and building trust through transparency.
Kevin Maloney, CEO of iTrustCapital, explained how his platform accommodates over 55,000 users by collaborating with custodians such as Fire Blocks and Coinbase Prime. Our clients want safety and peace of mind without the technical burden of managing their keys," Maloney explained. The company employs a blend of offline cold storage and controlled online withdrawal access, providing security and functionality.
See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42513306/elon-musks-tesla-nearly-5-times-more-expensive-than-industry-average-stock-surges-over-60-since-election">Elon Musk&#8217;s Tesla Nearly 5 Times More Expensive Than Industry Average: Stock Surges Over 60% Since Election</a>
The ability to meet user demands while maintaining robust safeguards has become an essential focus for custody providers. As Maloney described, this approach ensures assets remain secure while accommodating the needs of users moving funds in and out regularly.
<h3 class="wp-block-heading">Building Trust Through Transparency</h3>
Paul Giordano, vice president of digital asset management at Marathon Digital Holdings, highlighted how public companies depend on audited, federally chartered banks to store digital assets. "Transparency and accountability are non-negotiable. It's the foundation of our strategy," Giordano said.
Maloney proposed adopting regular spot checks for custodians to bolster trust. "Annual audits don't go far enough. Investors need to see proof of reserves more frequently to have real confidence," he stated.
The panel also addressed past industry failures and their lessons. Giordano pointed to rehypothecation, where assets are repeatedly pledged as collateral, as a critical risk. "This practice creates instability and can lead to systemic failures during market downturns," he warned.
<h3 class="wp-block-heading">Accountability as a Path Forward</h3>
While custody technology has become more reliable, the panelists agreed that human errors and unethical practices often create the most significant risks. Ben Spiegelman, vice president at Figment, emphasized this point: &#8220;The real issues have been about bad actors misusing assets rather than technical vulnerabilities."
Looking to the future, the panelists expressed optimism about greater collaboration between traditional financial institutions and digital asset providers. Giordano remarked on the involvement of established players like State Street, which he believes could help bring more clarity and order to the industry.
Maloney also emphasized education as a vital component of adoption. "The more transparent and clear we are, the easier it will be for new participants to feel confident in this space," he said.
By addressing past missteps and prioritizing transparency, custody providers are laying the groundwork for a more secure and trustworthy digital asset ecosystem. As Spiegelman aptly summarized, "Building trust is essential to encouraging adoption and delivering meaningful value to users."
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42513807/trump-says-softbanks-100b-commitment-to-us-is-monumental-demonstration-of-confidence-in-americas-future">Trump Says SoftBank&#8217;s $100B Commitment To US Is &#8216;Monumental Demonstration Of Confidence In America&#8217;s Future&#8217;</a></li>
</ul>
Image: Shutterstock

Blockchain Guardians: Marathon Digital VP, Other Industry Leaders Push For Transparency In Custody

ADNT

Adient Plc shares are trading lower. Wells Fargo downgraded its rating on the stock from Overweight to Equal-Weight and lowered its price target from $27 to $20.

Kosmos Energy shares are trading lower after Mizuho cut its price target on the stock from $5 to $4.

Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading higher by 6.68% to $15.33 during Monday&#8217;s session. The stock has gained some 11% since last Wednesday&#8217;s session after Benchmark analyst Mickey Legg <a href="https://www.benzinga.com/analyst-ratings/initiation/24/12/42408445/rivian-stock-surges-over-11-after-analyst-says-it-is-well-positioned-to-gain-significant-share">initiated coverage</a> with a Buy rating and an $18 price target.
Goldman Sachs also predicts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42467808/rivian-tesla-will-drive-autonomous-vehicle-progress-in-2025-goldman-sachs">significant advancements</a> in autonomous vehicles by 2030, with Level 3 AVs comprising 10% of new vehicle sales and over 2 million fully autonomous Level 4/5 vehicles sold annually.
The firm maintained Neutral ratings for Tesla Inc and Rivian, citing Tesla's robotaxi plans and regulatory challenges, alongside Rivian's potential to monetize its Autonomy+ driver-assist platform.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/12/42508800/frances-credit-rating-downgrade-sparks-market-unease-public-finances-will-be-materially-weaker">France&#8217;s Credit Rating Downgrade Sparks Market Unease: &#8216;Public Finances Will Be Materially Weaker&#8217;</a>
What To Know: Analyst Mickey Legg expressed optimism about Rivian's ability to capture significant EV market share. Per Barron's, Legg highlighted expected domestic EV production growth starting in 2025, driven by lower prices and improved charging infrastructure.
Rivian offers the high-end R1T truck and R1S SUV, both starting around $70,000~ and plans a $45,000 R2 SUV in 2026 to compete with Tesla's Model Y. A cheaper R3 crossover is also planned.
Though unprofitable, Rivian produced 13,157 vehicles in the third quarter and forecasts over 50,000 annual deliveries. With $6.7 billion in cash and a Volkswagen partnership, investors await its next moves.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42505162/trump-reportedly-considering-executive-order-to-establish-strategic-bitcoin-reserve">Trump Reportedly Considering Executive Order To Establish Strategic Bitcoin Reserve</a>
<h2 class="wp-block-heading">How To Buy RIVN Stock</h2>
By now you're likely curious about how to participate in the market for Rivian Automotive &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, RIVN has a 52-week high of $24.62 and a 52-week low of $8.26.

RIVN

What's Going On With Rivian (RIVN) Stock?

Phillips 66 shares are trading lower. The company set its 2025 capital budget and announced an agreement to sell DCP GCX Pipeline LLC.

PARR

Par Pacific shares are trading lower after Mizuho downgraded its rating on the stock from Outperform to Neutral and lowered its price target from $26 to $22.

Micron shares are trading higher ahead of Wednesday's earnings report.

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