Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ- Azioni (OTC: RYBPF)

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Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ-

WIIM

FATE

Fate Therapeutics shares are trading higher after the company presented 6-month follow-up data on the first patient treated in its Phase 1 Autoimmunity study.

As the U.S. anticipates a more crypto-supportive Congress, potential shifts in digital asset <a href="https://www.benzinga.com/topic/crypto-regulation">regulation are gaining attention</a>. 
Sandra Ro, CEO of Global Blockchain Business Council (GBBC), expects that the Stablecoin bill may be a priority among proposed crypto-related legislation. 
In a recent discussion, Ro expressed both "relief" and "excitement" as she looked ahead to what 2025 might bring, describing the past decade in the industry as an "uphill battle."
<h3 class="wp-block-heading">Legislative Priorities for Digital Assets</h3>
Ro noted broad support within the digital asset industry for the Stablecoin bill, which aims to clarify regulations surrounding stablecoins in the U.S. 
She also pointed to Lummis' Bitcoin Reserve Bill, which "should not be controversial," though its path remains uncertain. Another critical issue for Ro and the GBBC involves the possible repeal of SAB121, which Ro stated the SEC may need to reconsider or "walk&#8230; back entirely."
<figure class="wp-block-image size-full"><a href="https://benzinga.swoogo.com/digital-assets/6342807"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13233139/905735A6-57D3-4874-9AA1-75D037842DB3-1-11.gif" alt="" class="wp-image-646825" /></a></figure>
The GBBC is actively engaging with bipartisan advisors to advance education on digital assets across Congress and federal agencies. Ro explained that her team is working with advisors from both parties to broaden educational efforts on Capitol Hill and within federal agencies, as GBBC's focus includes multiple industries, from global supply chains to energy security.
<h4 class="wp-block-heading">Calls for Balanced Representation</h4>
As discussions around regulation grow, Ro called for "balanced views" in shaping U.S. crypto policy, stressing that decision-making should reflect a broad spectrum of voices, not only those "who donated the most to crypto PACs." She emphasized that the community of digital asset leaders is diverse and includes more than just high-profile investors and donors. GBBC remains dedicated to fostering perspectives that represent this broader community.
Ro shared her thoughts on upcoming bills in a recent LinkedIn post, accessible <a href="https://www.linkedin.com/posts/sandraro_cahillnxt-digitalassets-crypto-activity-7260862844873621504-j4Nw">here</a>. At the <a href="https://benzinga.swoogo.com/digital-assets/6342807">Benzinga Future of Digital Assets even</a>t, Ro is expected to expand on these topics as the industry prepares for potential regulatory changes that could shape the future of digital finance in the U.S.
<hr class="wp-block-separator has-alpha-channel-opacity" />
As the digital asset market continues to mature, the convergence of regulatory shifts, M&amp;A activities, and adoption trends will define the future of this dynamic field.&nbsp;<a href="https://www.benzinga.com/digital-assets" target="_blank" rel="noreferrer noopener">Benzinga's Future of Digital Assets</a>&nbsp;event in New York City this November will provide industry leaders and investors with a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
Photo by Igor Faun on Shutterstock

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

Cryptocurrency

As Congress Turns Pro-Crypto, Will Stablecoin Be High On The Agenda?

News

Insider Trades

ZETA

Zeta Global Co-Founder, Chairman And CEO, Company Leadership And Board Members Intend To Purchase Shares That Represent ~$3M Of Class A Common Stock

Barclays analyst Anthony Powell maintains Americold Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COLD#NYSE">COLD</a>) with a Equal-Weight and lowers the price target from $28 to $26.

Price Target

Analyst Ratings

COLD

Barclays Maintains Equal-Weight on Americold Realty Trust, Lowers Price Target to $26

Barclays analyst Tim Long maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and lowers the price target from $255 to $251.

Barclays Maintains Overweight on American Tower, Lowers Price Target to $251

Biotech

General

SILO

Silo Pharma Announces Results From Preclinical Study On SPC-15, Highlighting Proposed Efficacy Of Combining SPC-15 With An NMDAR Antagonist

ISPR

IKE Tech And Ispire Technology Announces In Person Pre-PMTA Submission After FDA's Center For Tobacco Products Meeting For Age Verification Technology

Barclays analyst Ramsey El-Assal maintains Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Overweight and raises the price target from $54 to $64.

AFRM

Barclays Maintains Overweight on Affirm Holdings, Raises Price Target to $64

<h3 class="wp-block-heading">An Icarus Stock</h3>
After hitting a split-adjusted high price this year of $122.90,&nbsp;Super Micro Computer, inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) made a new 52-week low on Friday. This happened in the aftermath of its auditor, Ernst &amp; Young, resigning. Nevertheless, there are at least two major catalysts pending for the company:
<ol>
<li>Whether it will get delisted by Nasdaq or not. Super Micro Computer could be delisted as soon as Monday if it doesn't file a plan to get back in compliance with Nasdaq regulations.</li>
<li>Nvidia, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;conference call next Wednesday. On November 4th, DigiTimes Asia reported that Nvidia was routing some of its chip orders away from Super Micro Computer. Analysts are likely to ask Nvidia to quantify this on Wednesday.</li>
</ol>
Given those catalysts, SMCI is likely to move strongly in either direction by the end of next week. Update: Looks like the 1st catalyst hit after hours on Friday: 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN: Super Micro Computer plans to submit a resolution plan by Monday to avoid Nasdaq delisting.<a href="https://twitter.com/search?q=%24SMCI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SMCI</a> &#x1f4c8; +19% in after hours <a href="https://t.co/y7M2pPQvm5">pic.twitter.com/y7M2pPQvm5</a>
&mdash; TrendSpider (@TrendSpider) <a href="https://twitter.com/TrendSpider/status/1857563907466080411?ref_src=twsrc%5Etfw">November 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
I asked my friend David Janello, PhD, CFA to structure a couple of trades for us that can enable us to profit whether SMCI spikes or tanks next week.
Dr. Janello is the founder of&nbsp;<a href="https://spreadhunter.com/">SpreadHunter</a>. He is also the author of&nbsp;The Nuclear Option: Trading To Win With Options Momentum Strategies.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://a.co/d/8wtwXZI"><img loading="lazy" decoding="async" width="582" height="858" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book.jpg" alt="" class="wp-image-3362" style="width:auto;height:450px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book.jpg 582w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202339/Book-203x300.jpg 203w" sizes="(max-width: 582px) 100vw, 582px" /></a></figure>
Below is his guest post with the trade, and an elaboration of how you can structure similar trades yourself.
Authored by David Janello at&nbsp;<a href="https://nuclearoptiontrading.substack.com/">Nuclear Options Trading</a>
<h3 class="wp-block-heading">Managing Explosive Situations</h3>
<h4 class="wp-block-heading">A Step By Step Guide</h4>
Let&#8217;s break things down into steps to illustrate how to manage an explosive trade.
<h4 class="wp-block-heading">Step One : Look at the Straddle Price</h4>
The At-The-Money Straddle Price provides a lot of information to traders before a big event. Although it does not indicate which direction the stock will move after the special event (earnings, over time the Straddle Price is downright clairvoyant at predicting the magnitude of the stock move post-event. This is because the really smart money — like corporate insiders — usually have better forecasting powers than everyone else, even if they don&#8217;t have access to insider information. A good example is the behavior of&nbsp;Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/djt#NASDAQ">DJT</a>) stock before the 2024 election. Two weeks before the election DJT was trading for 34.50 and the ATM Straddle Price was 18.00 (9.00 put / 9.00 call). This implies a max price of 34.50 + 18.00 or 52.50. As Trump&#8217;s election chances shifted DJT hit a max price of 51.51 on October 29. That was within 1.00 of the price predicted by the Straddle.
What does the Straddle Price suggest for SMCI? When I put the trade Friday morning, SMCI was trading for 17.50 and the SMCI Nov 22 Straddle was trading for about 5.00. This suggests a move of +/-5.00 in either direction.
<h4 class="wp-block-heading">Step #2 : Evaluate the Alternatives</h4>
The most direct bullish options trade is to buy the 17.50 strike call for 2.50. If the stock rallies +5.00, the 17.50 call will be worth 5.00- at expiration, for a 100% gain. However, if the stock collapses, the call loses 100% of its value.
<h4 class="wp-block-heading">Can we do better with Call Vertical Spreads?</h4>
At the same time the Call Option was trading at 2.50, the 19.50-20.50 Call Vertical was trading for 0.32. That was with a max payout of 1.00 at expiration. With SMCI at 22.50, the vertical offers a much bigger payout on a percentage basis than the straight call. Unfortunately, the Call Vertical loses 100% of its value if the stock collapses, just like the Call Option.
We can hedge the downside risk by purchasing a Put Vertical along with the Call Vertical. In this case, the 14-15 Strike Put Vertical was trading for 0.33. The total debit for both spreads is 0.64. The max payout is 1.00 if the stock moves below 14 or above 20.50 at expiration. This combination of Long Call Vertical + Long Put Vertical offers max profit of 56%. It only loses 100% if the stock remains unchanged, which in this case appears to be unlikely.
The combination of two long verticals creates a spread also known as an Iron Condor or Iron Butterfly. At SpreadHunter we prefer to view this spread as two separate verticals. This simplifies things and offers more flexibility entering and exiting the position.
<h4 class="wp-block-heading">Step #3: Execute The Trade</h4>
The stock is&nbsp;Super Micro Computer&nbsp;(<a href="https://substack.com/discover/stocks/SMCI" rel="noreferrer noopener" target="_blank">SMCI&nbsp;-0.17%↓</a>), and there are two parts to this trade:
<ol>
<li>Open a put spread expiring on November 22nd, buying the $15 strike puts and selling the $14 strike puts for a net debit of $0.33.</li>
<li>Open a call spread expiring on November 22nd, buying the $19.50 strike calls and selling the $20.50 strike calls for a net debit of $0.31.</li>
</ol>
The max profit is 56%, and that occurs with the stock above $20.50 or below $14 next Friday. The max loss is $100%, and that would occur if the stock doesn't move at all between now and next Friday.
<h4 class="wp-block-heading">Step #4: Manage the Position</h4>
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="548" height="736" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot.png" alt="" class="wp-image-3363" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot.png 548w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202516/SpreadHunter-Screenshot-223x300.png 223w" sizes="(max-width: 548px) 100vw, 548px" /></figure>
<h4 class="wp-block-heading">Step #4: Manage the Position</h4>
We'll be illustrating this in a follow up post!
<h3 class="wp-block-heading">Maybe This Isn't For You</h3>
Maybe you would rather stay safe. That's fine; you can download the Portfolio Armor iPhone&nbsp;hedging app by clicking on the QR code below or aiming your iPhone camera at it.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202558/QR-Code-4.jpg" alt="" class="wp-image-3364" /></figure>
If you&#8217;d like to stay in touch
You can subscribe to Dr. Janello&#8217;s Substack&nbsp;<a href="https://nuclearoptiontrading.substack.com/">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="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3.jpg" alt="" class="wp-image-3365" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/15202707/Widget-3-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

Markets

Trading Ideas

NVDA

SMCI

Trading Binary Outcomes On An Explosive Stock

BTIG analyst Julian Harrison initiates coverage on VYNE Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYNE#NASDAQ">VYNE</a>) with a Buy rating and announces Price Target of $8.

Initiation

VYNE

BTIG Initiates Coverage On VYNE Therapeutics with Buy Rating, Announces Price Target of $8

ALLO

Allogene Therapeutics Highlights Presentation Of ALLO-329 Preclinical Data At American College of Rheumatology Convergence 2024

Management

SAVA

Cassava Sciences Appoints Freda Nassif As COO

– Additional funding received from the Bill &amp; Melinda Gates Foundation to further accelerate initiative –

Financing

SDGR

Schrödinger Wins Additional $9.5M From Bill & Melinda Gates Foundation

Earnings

VCNX

Vaccinex Q3 EPS $(2.83) vs $(15.25) YoY, Revenue $52K vs $20K YoY; Cash, Cash Equivalents And Marketable Securities As Of Sept. 30 Were $2.9M

Contracts

AMPG

AmpliTech Group's AmpliTech Division Wins ~$1M Initial Purchase Order Under 5-Year Basic Order Agreement With Fortune 1000 U.S. Company

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said he has been behind Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) for a long time. He added, &#8220;This stock has now had a major move at last, and it's not done.&#8221;
On Nov. 7, Block reported worse-than-expected third-quarter revenue results.
Cramer said although Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is &#8220;very good,&#8221; but BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is better than it.
On Oct. 23, Northern Trust reported better-than-expected third-quarter financial results.
Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) is &#8220;very hard to own here,&#8221; Cramer said. &#8220;Dow has to do an upside surprise.&#8221;
On Nov. 8, Piper Sandler analyst Charles Neivert maintained Dow with an Overweight and lowered the price target from $62 to $60.
Super Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) finally &#8220;broke out,&#8221; the Mad Money host said.
On Nov. 6, Super Group posted third-quarter revenue of €402.9 million and profit of €8.5 million.
Cramer said Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) is a &#8220;quality operator.&#8221;
On Oct. 30, Sprouts Farmers Market reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance above estimates.
Price Action:
<ul>
<li>Block shares rose 1.1% to settle at $84.30 on Friday.</li>
<li>Northern Trust shares gained 1.6% to close at $107.60.</li>
<li>Dow shares fell 1.2% to settle at $44.04 during the session.</li>
<li>Super Group shares gained 1% to close at $5.32 on Friday.</li>
<li>Sprouts Farmers Market shares gained 0.1% to settle at $142.00 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42024062/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

NTRS

SGHC

Jim Cramer: Super Group Finally 'Broke Out,' This Basic Materials Stock Is 'Very Hard To Own Here'

Guidance

Treasure Global Expects Next Quarter Continue To Reflect Transitional Phase Of Operations; Management Dedicated To Executing Strategic Realignment With Emphasis On Long-Term Profitability And Sustainability; Actively Exploring Other Initiatives To Drive Growth And Diversification

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_18112024&amp;utm_content=analysis&amp;utm_term=forecast" style="color:#0563c1; text-decoration:underline">RoboForex Analytical Department</a>
AUD/USD is showing signs of stabilisation near 0.6465, marking its second consecutive session of attempts to recover.
The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured of the inflation outlook.
Investors are keenly awaiting the publication of the minutes from the last RBA meeting, which is expected this week. The minutes will provide deeper insights into the RBA&rsquo;s future policy actions.
Additionally, upcoming releases on November&rsquo;s industrial and services sector data could further influence the Australian dollar&rsquo;s trajectory.
Despite these supportive factors, AUD/USD remains near three-month lows, pressured by a strengthening US dollar. The US dollar has benefited from expectations that the Federal Reserve might opt for a more minor rate cut amid robust economic forecasts under President Donald Trump&rsquo;s administration.
<h3>Technical&nbsp;Analysis Of AUD/USD</h3>
<a href="https://www.benzinga.com/files/u117641/audusdh4_26.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh4_26.png" style="height:280px; width:624px" /></a>
On the H4 chart of AUD/USD, the market has formed a broad consolidation range around the 0.6565 level. Currently, the market has broken through the lower boundary of this range. Today, a narrower consolidation range has developed around the 0.6464 level. It is relevant to consider the probability of a downward breakout from this range, which could lead to a further downward movement towards the 0.6333 level, with the potential for the trend to continue to 0.6233, the local target. Technically, this scenario is supported by the MACD indicator, as its signal line is below zero and pointing downwards.
<a href="https://www.benzinga.com/files/u117641/audusdh1_24.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh1_24.png" style="height:280px; width:624px" /></a>
On the H1 AUD/USD chart, the market continues to form a narrow consolidation range around 0.6464. In case of a downside breakout, we anticipate the second half of the downward wave continuing, targeting 0.6333. Conversely, a corrective move towards 0.6500 is possible if the market breaks upwards. The downward trend is expected to extend towards 0.6233 in the longer term. Technically, this scenario is supported by the Stochastic oscillator, with its signal line positioned below the 80 mark and pointing down towards 20.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ-

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Ultime notizie per Royal Bank of Canada Non Cum 1st Pfd Registered Shs Series -AZ- (OTC:RYBPF) Azioni

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