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SYMBOTIC UNUSUAL OPTIONS ACTIVITY

by Benzinga Insights, Benzinga Staff Writer



November 29, 2024 10:31 AM | 3 min read | 1 Comment



Financial giants have made a conspicuous bullish move on Symbotic. Our analysis
of options history for Symbotic

SYM+12.9%
Get Free Report
revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 37% showed
bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value
of $210,224, and 4 were calls, valued at $196,187.


EXPECTED PRICE MOVEMENTS

Based on the trading activity, it appears that the significant investors are
aiming for a price territory stretching from $22.0 to $37.5 for Symbotic over
the recent three months.


VOLUME & OPEN INTEREST TRENDS

Looking at the volume and open interest is an insightful way to conduct due
diligence on a stock.

This data can help you track the liquidity and interest for Symbotic'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 Symbotic's whale activity within a strike price
range from $22.0 to $37.5 in the last 30 days.


SYMBOTIC CALL AND PUT VOLUME: 30-DAY OVERVIEW




SIGNIFICANT OPTIONS TRADES DETECTED:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total
Trade Price Open Interest Volume SYM PUT SWEEP BULLISH 12/06/24 $0.95 $0.9 $0.95
$22.00 $101.3K 108 1.0K SYM CALL SWEEP BULLISH 01/17/25 $3.4 $3.1 $3.0 $25.00
$61.5K 1.3K 243 SYM CALL SWEEP BEARISH 05/16/25 $7.6 $7.1 $7.25 $22.50 $53.6K
463 12 SYM CALL SWEEP BEARISH 01/17/25 $1.75 $1.5 $1.5 $30.00 $45.0K 2.4K 294
SYM PUT SWEEP NEUTRAL 02/21/25 $5.5 $5.3 $5.4 $27.50 $41.0K 365 115


ABOUT SYMBOTIC

Symbotic Inc is an automation technology company that develops technologies to
improve operating efficiencies in modern warehouses. The group develops,
commercializes, and deploys innovative, end-to-end technology solutions that
dramatically improve supply chain operations. Symbotic also automates the
processing of pallets and cases in large warehouses or distribution centers for
some of the retail and wholesale companies in the world. The company operates in
two geographical regions the United States and Canada. Key revenue is generated
from the United States.

Having examined the options trading patterns of Symbotic, our attention now
turns directly to the company. This shift allows us to delve into its present
market position and performance


CURRENT POSITION OF SYMBOTIC

 * With a trading volume of 3,288,012, the price of SYM is up by 6.44%, reaching
   $25.54.
 * Current RSI values indicate that the stock is is currently neutral between
   overbought and oversold.
 * Next earnings report is scheduled for 66 days from now.


PROFESSIONAL ANALYST RATINGS FOR SYMBOTIC

In the last month, 5 experts released ratings on this stock with an average
target price of $43.4.

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. Click
here for access. * Maintaining their stance, an analyst from Needham continues
to hold a Buy rating for Symbotic, targeting a price of $46. * An analyst from
Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the
price target to $60. * Consistent in their evaluation, an analyst from BWS
Financial keeps a Sell rating on Symbotic with a target price of $10. *
Consistent in their evaluation, an analyst from Northland Capital Markets keeps
a Outperform rating on Symbotic with a target price of $53. * Consistent in
their evaluation, an analyst from Keybanc keeps a Overweight rating on Symbotic
with a target price of $48.

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 Symbotic, Benzinga
Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.


1 Comment

COMMENTS


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EarningsAnalyst RatingsOptionsDividendsIPOs
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
11/29/24SYMPUT$20.0019BEARISH11/29/24SYMCALL$32.5082BULLISH11/29/24SYMPUT$35.50-1BEARISH


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--------------------------------------------------------------------------------


AMAZON, GOOGLE AND MICROSOFT BET BIG ON NUCLEAR: AI'S GROWING ENERGY DEMANDS
FUEL NEW PROJECTS

by Kyle Anthony


November 26, 2024 8:05 AM | 8 min read | Make a Comment

Partner Disclosure

The rapid proliferation of Artificial Intelligence (AI) is resulting in
externalities for the energy landscape, specifically the accelerated adoption of
nuclear energy as a power source. In recent months, various big tech firms have
announced their involvement in several nuclear energy-related projects to
generate the necessary power for their ongoing AI development initiatives.
Recently, Amazon Web Services (AWS), Amazon's AMZN subsidiary in cloud
computing, announced that it had signed an agreement with Dominion Energy D*,
Virginia's utility company, to explore the development of a small modular
reactor (SMR) near Dominion's existing North Anna nuclear power station. In
mid-October, Amazon announced that it would be investing more than $500 million
in nuclear power, across three projects from Virginia to Washington state SMRs
are advanced nuclear reactors with a power capacity of up to 300 Megawatts
electric (MW(e)) per unit, about one-third of the generation capacity of
traditional nuclear power reactors. SMRs can produce a large amount of
low-carbon electricity and are becoming a source of energy for AI data centers
According to CNBC, Virginia is home to nearly half of all the U.S. data centers,
with one area in northern Virginia dubbed Data Center Alley. An estimated 70% of
the world's internet traffic travels through Data Center Alley daily, with
Dominion Energy serving roughly 3,500 megawatts from 452 data centers across its
service territory in Virginia. About 70% is in Data Center Alley. Dominion
Energy projects that power demand will increase by 85% over the next 15 years.
AWS expects the new SMRs to bring at least 300 megawatts of power to the
Virginia region Through this agreement, Amazon gains the right to purchase
electricity from the first four SMR modules. Additionally, Energy Northwest has
the option to construct up to eight more modules, which could supply power to
Amazon and regional utilities, potentially serving both residential and
commercial needs across the Northwest
Read More



--------------------------------------------------------------------------------




US STOCKS LIKELY TO OPEN IN THE GREEN TO END NOVEMBER ON A HIGH: ARE MARKETS SET
FOR A SANTA CLAUS RALLY IN DECEMBER? ANALYSTS DECODE

by Rishabh Mishra


November 29, 2024 6:46 AM | 5 min read | 1 Comment


ZINGER KEY POINTS

 * US futures signal a higher open for the markets.
 * December has been the worst month for markets only once in 95 years, says
   analyst.


U.S. stock futures advanced on Friday after a day’s break for Thanksgiving as
investors look to end November on a high note. The dollar slipped below the 106
mark in the hope of more measured tariffs. U.S. markets will close at 1 p.m. ET
on Friday during the truncated week Futures for the three major U.S. indices
gained, while the two-year and 10-year treasury yields eased on Friday. The
expectations of a further 25 basis point rate cut in December rose to 66%,
according to CME Group’s FedWatch too In premarket trading on Friday, the SPDR
S&P 500 ETF Trust SPY was up 0.31% to $600.69 and the Invesco QQQ Trust ETF QQQ
rose 0.44% to $507.50, according to Benzinga Pro dat The S&P 500 index fell
22.89 points or 0.38% to end at 5,998.74. The Dow Jones Industrial Average lost
138.25 points or 0.31% to close at 44,722.06 and the Nasdaq Composite Index
dropped 115.10 points or 0.60% to 19,060.48. The 10-year Treasury note yield
dropped six basis points to 4.24%, a one-month low close
Read More



--------------------------------------------------------------------------------




NVIDIA, CHIP STOCKS GAIN ON REPORTS OF SOFTER CHINA SANCTIONS

by Anusuya Lahiri, Benzinga Editor


November 29, 2024 9:13 AM | 2 min read | 1 Comment


ZINGER KEY POINTS

 * Nvidia, Lam Research, Applied Materials, KLA Corp get a boost from reports of
   U.S.'s softer stance against China sanctions.
 * The fresh restrictions come after months of negotiations between the U.S.
   government, allies, chip companies.


Nvidia Corp NVDA stock is up Friday amid reports indicating the U.S. government
is set to announce further sanctions on exporting semiconductor equipment and AI
memory chips to China, which will be less stringent than the previous ones.
Additionally, the U.S. embargo will focus on Chinese companies that make
semiconductor manufacturing equipment instead of the fabrication facilities
following protests from Lam Research Corp LRCX, Applied Materials Inc AMAT,
and KLA Corp KLAC as the move will enable the U.S. companies to maintain their
edge versus international rivals like ASML Holding N.V. ASML and Tokyo Electron
Ltd TOELY which have not wholly subscribed to the U.S. sanctions against China
Also Read: Nvidia, Intel Suppliers Rethink Mexico Operations Amid Trump’s Tariff
Threatciting sources familiar with the issue Therefore, the U.S. expects to
impose restrictions on fewer Huawei Technologies Co suppliers and restrict
only two chip factories of Huawei partner Semiconductor Manufacturing
International Corp
Read More



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