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Following a jump in the U.S. Treasury yields, the SOFR swap spreads have widened, signaling a &#34;serious liquidity&#34; issue.

Cathie Wood Points To &#39;Serious Liquidity Issues&#39; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields: &#39;This Crisis Is Calling Out For Some Kind Of Mar-a-Lago Accord&#39;

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This Beverage Maker, Tobacco Company And Packaged Food Giant Outshine In A Recession

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Beyond The Numbers: 16 Analysts Discuss Autodesk Stock

Spotify Technology (NYSE:SPOT) Azioni, Valutazioni degli analisti, obiettivi di prezzo, previsioni

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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L&#39;analista finanziaria riduce la sua esposizione sul leader dello streaming musicale. Quali segnali manda questa mossa al mercato?

Gigante della musica in difficoltà e Cathie Wood vende le sue azioni

Tech

Dietro la crescita della piattaforma si celano mosse strategiche inaspettate, destinate a ridefinire il futuro dell&#39;industria musicale.

Volano le azioni di Spotify: ma c&#39;è un segreto dietro questo successo

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

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

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

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Telecom Argentina Stet - France Telecom S.A.

TNMG

TRUE

TZOO

VEON

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.

<a href="https://www.benzinga.com/news/25/03/44375147/smart-puppies-are-smarter-than-ai-mark-cubans-surprising-take-on-the-future-of-artificial-intelligence">Artificial intelligence</a> can churn out scripts, generate music, and even create entire films in minutes. But does that mean human creatives are on the way out? Not according to billionaire investor <a href="https://www.benzinga.com/startups/25/01/43084861/mark-cubans-29-million-shark-tank-portfolio-from-200k-in-dude-wipes-to-200m-for-beatbox-beverages-im-killing-it">Mark Cuban</a>.
Cuban, known for his bold takes on business and technology, recently addressed AI's role in entertainment on the <a href="https://www.youtube.com/watch?v=lUwmA0lOWwM">"Your Mom's House" </a>podcast.&nbsp;
"AI can propose a million things in a second, but then somebody&#8217;s got to go through and decide what they&#8217;re going to put their money into,&#8221; he said. His take? AI is just a tool, not the mastermind behind Hollywood's next big hit.
Don't Miss:
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>
<h2 class="wp-block-heading">The AI Takeover Fear Is Real</h2>
Not everyone shares Cuban's confidence. The 2023 Hollywood writers' and actors' strikes were fueled by fears that AI could replace screenwriters and performers altogether.&nbsp;
Over 11,000 writers, represented by the Writers Guild of America, walked off the job to demand stronger protections against AI-generated scripts. SAG-AFTRA joined the fight, pushing for safeguards as AI technology advanced at a breakneck pace.
The fear isn't unfounded. A study by the <a href="https://www.brookings.edu/articles/generative-ai-the-american-worker-and-the-future-of-work/?utm_source=chatgpt.com">Brookings Institution</a> found that AI is already disrupting industries that rely on dynamic information processing, including creative fields like writing and software development.&nbsp;
According to the <a href="https://www.ft.com/content/0ac1fe79-4c2a-4030-8046-061293ba1127?accessToken=zwAGEWkI51bokc8Kwf55TCpAMNOARgYSk7oRJw.MEQCIG5-PQaa6iGLaikfBFtPehc-hzozRviMYt85T9M7DDvLAiBgfIMjMZBGPCW26esEtNmB134EiMbOs6AoNHkJ5hEGRQ&amp;sharetype=gift&amp;token=de99c9c8-c493-4cf6-842f-2b54a83b2bbf&amp;utm_source=chatgpt.com">Financial Times</a>, AI-driven content creation tools have already replaced some entry-level creative roles.
Hollywood has seen attempts to use technology to predict blockbusters before—usually with mixed results. Studios have long relied on data analytics to determine which scripts and actors will generate the biggest returns.&nbsp;
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
But Cuban isn't convinced AI will crack the code. &#8220;I&#8217;ve seen companies that use analytics to determine what a studio or label should release, fail time after time,&#8221; he said<a href="https://africa.businessinsider.com/entertainment/mark-cuban-says-ai-cant-completely-automate-the-creative-process/1f43wt7">.</a> &#8220;That&#8217;s the same as using AI to replace everyone. It may be a novelty. But it won&#8217;t work.&#8221;
This isn't the first time a new technology has threatened to upend the entertainment world. In the early 2000s, digital music-sharing platforms like Napster disrupted the music industry, sending record labels into a panic.&nbsp;
But rather than kill the industry, it paved the way for streaming services like Spotify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), which now dominate the market.
The invention of photography in the 19th century sparked fears that traditional painting would become obsolete. Instead, artists adapted, leading to new movements like Impressionism and modern art.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Cuban believes the same evolution will happen with AI. &#8220;It's part of the natural progression from drawing to CGI and now text to video, with new tools coming to take it even further." Cuban isn't against AI—far from it.&nbsp;
He sees it as a way for top creatives to refine their work and make their process more efficient. &#8220;Veteran creatives who are able to harness the power of AI to improve their own output will continue to see major dividends,&#8221; he said.&nbsp;
AI, he argues, will help top-tier talent become even better by accelerating storyboarding, testing, and production.
Still, Cuban is clear: AI lacks the gut instinct that makes creative work resonate with audiences. "There is a reason why some people have hit after hit&#8230; They have a feel for what the audience wants at that point in time," he said.
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Personal Finance

AI Won't Steal Hollywood's Magic, Says Mark Cuban – 'The Best Will Get Even Better, But AI Can't Replace That Feel'

ABLV

Shares of companies within the broader communication services sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Spotify Technology shares are trading higher after UBS maintained its Buy rating on the stock, despite lowering the price target to $690.

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 $720 to $690.

UBS Maintains Buy on Spotify Technology, Lowers Price Target to $690

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 22 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 40%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,829,739, and 10 are calls, for a total amount of $586,815.
<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 $330.0 to $880.0 for Spotify Technology during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 327.12 with a total volume of 1,771.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $330.0 to $880.0 over the last 30 days.
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743603367_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$42.6</td>
<td>$42.35</td>
<td>$42.6</td>
<td>$560.00</td>
<td>$636.9K</td>
<td>32</td>
<td align="right">130</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$19.0</td>
<td>$18.0</td>
<td>$19.0</td>
<td>$460.00</td>
<td>$380.0K</td>
<td>701</td>
<td align="right">200</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$102.35</td>
<td>$99.85</td>
<td>$102.35</td>
<td>$600.00</td>
<td>$378.6K</td>
<td>1.0K</td>
<td align="right">74</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.6</td>
<td>$7.15</td>
<td>$8.6</td>
<td>$610.00</td>
<td>$146.2K</td>
<td>668</td>
<td align="right">300</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$7.4</td>
<td>$6.3</td>
<td>$7.4</td>
<td>$582.50</td>
<td>$103.6K</td>
<td>222</td>
<td align="right">140</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.
Having examined the options trading patterns of Spotify Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Spotify Technology Standing Right Now?</h3>
<ul>
<li>With a volume of 541,566, the price of SPOT is up 2.77% at $567.02. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 27 days.</li>
</ul>
<h3>Expert Opinions on Spotify Technology</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $740.0.
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; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Spotify Technology with a target price of $740. 
&#x2A; An analyst from China Renaissance downgraded its action to Buy with a price target of $740. 
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.

Check Out What Whales Are Doing With SPOT

On Tuesday, Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $700</a>.
Reif Ehrlich noted that Spotify is at an inflection point in profitability and FCF, driven by deeper subscriber penetration, price increases, new pricing tiers, advertising improvement driven by digital initiatives, and new businesses like Audiobooks and Education.
The analyst is confident that Spotify&#8217;s first-quarter 2025 results will be at least in line with guidance on key metrics. This includes revenue, premium subscribers, and MAUs.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/02/43983837/spotify-ceo-wants-eu-to-penalize-apple-for-defying-regulations" target="_blank" rel="noreferrer noopener">Spotify CEO Wants EU To Penalize Apple For Defying Regulations</a>
Reif Ehrlich forecasted Q1 revenue of €4.21 billion ($4.5 billion). She also expected a gross margin of 31.5% (in line with the guide). Recent U.S. dollar strengthening could be a headwind to her current published first-quarter calendar 2025 revenue forecast.
Reif Ehrlich&#8217;s first-quarter operating income forecast of €488 million is below Spotify&#8217;s guidance of €548 million to account for social charges, given the rise in share price (about +20%) during the quarter.
The analyst noted that social charges and any FX headwinds do not indicate a slowdown in the business fundamentals, which she said remain strong.
Reif Ehrlich believes that Spotify&#8217;s subscription model should be more defensive and utility-like amid the current macro uncertainty.
Spotify had a robust year of gross margin expansion. So much so that Reif Ehrlich does not expect 2025 to replicate the magnitude of expansion seen in 2024.
The analyst currently projects gross margins to be sequentially flat to modestly decline in the second and third quarters. She predicts a return to expansion in the fourth quarter.
Notably, this margin outlook contemplates the recently announced renewal deals with several of the largest music labels.
Spotify has several levers for future growth, such as future pricing increases, new product launches, and programmatic advertising, the analyst added.
Price Action: Spotify stock is down 0.51% at $547.20 at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44582215/chinas-xpeng-clocks-record-q1-ev-sales-deliveries-surge-3-6x" target="_blank" rel="noreferrer noopener">China&#8217;s XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X</a></li>
</ul>
Image: Shutterstock

Reiteration

Spotify Audiobooks, Ad Growth Drive Analyst Confidence

On Friday, March 28, 2025, Cathie Wood-led Ark Invest made substantial trades involving several prominent companies, including Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), and CoreWeave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>)
The Robinhood Trade:&nbsp;Ark Invest&#8217;s Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) purchased a substantial 249,423 shares of&nbsp;Robinhood.
Based on the closing price of $41.92 on the day of the trade, the value of this purchase is estimated to be around $10.45 million.
The Roblox Trade:&nbsp;On the same day, Ark Invest&#8217;s ARKK and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) sold a combined total of 350,177 shares of&nbsp;Roblox Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>).
Given the closing price of $59.07, the value of the sold shares is approximately $20.7 million.
The CoreWeave Trade: Ark Invest&#8217;s ARKW ETF also bought a significant 411,875 shares of Nvidia Corp.-backed CoreWeave Inc.
Given the closing price of $59.07, the value of the sold shares is approximately $16.47 million.
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKW ETF sold 224,052 shares of Genius Sports Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GENI#NYSE">GENI</a>).</li>
<li>ARKW also sold 50,666 shares of Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>).</li>
<li>ARKW sold 6,625 shares of Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).</li>
<li>Ark Invest&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) sold 46,940 shares of Repare Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>).</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44549941/elon-musk-to-visit-cia-for-government-efficiency-talks-after-department-of-defense">Elon Musk To Visit CIA For Government Efficiency Talks, After Department Of Defense</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ark Invest

ARKG

ARKK

CRWV

GENI

HOOD

RPTX

Cathie Wood's Ark Invest Loads Up On Robinhood, Nvidia-Backed CoreWeave: Offloads Spotify, Roku

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 32 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 34%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,372,451, and 14 are calls, for a total amount of $728,544.
<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 $220.0 and $665.0 for Spotify Technology, spanning the last three months.
<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 Spotify Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Spotify Technology's significant trades, within a strike price range of $220.0 to $665.0, over the past month.
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743180337_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>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$36.6</td>
<td>$35.1</td>
<td>$36.6</td>
<td>$490.00</td>
<td>$417.0K</td>
<td align="right">36</td>
<td align="right">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$6.65</td>
<td>$3.9</td>
<td>$6.5</td>
<td>$570.00</td>
<td>$162.5K</td>
<td align="right">47</td>
<td align="right">251</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$82.75</td>
<td>$80.75</td>
<td>$80.75</td>
<td>$560.00</td>
<td>$153.4K</td>
<td align="right">170</td>
<td align="right">19</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$20.85</td>
<td>$20.8</td>
<td>$20.8</td>
<td>$560.00</td>
<td>$143.5K</td>
<td align="right">478</td>
<td align="right">3</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$112.6</td>
<td>$110.5</td>
<td>$110.5</td>
<td>$600.00</td>
<td>$77.3K</td>
<td align="right">28</td>
<td align="right">13</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 682,176, the price of SPOT is down by -2.7%, reaching $564.55.</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 32 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Spotify Technology</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $740.0.
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; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Spotify Technology with a target price of $740. 
&#x2A; In a cautious move, an analyst from China Renaissance downgraded its rating to Buy, setting a price target of $740. 
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.

A Closer Look at Spotify Technology's Options Market Dynamics

CRWD

ORCL

PANW

Live On CNBC, Malcolm Ethridge Announces Bought More Palo Alto Networks, Bought More CrowdStrike, Bought More Spotify Technology, Bought More Oracle

Wells Fargo analyst Steven Cahall maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $690 to $740.

Wells Fargo Maintains Overweight on Spotify Technology, Raises Price Target to $740

Rumors

Watching Spotify; Hearing Investors Business Daily SwingTrader Picks Stock

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley analyst Craig Hettenbach initiated coverage on Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) with an Overweight rating and announced a price target of $165. Tenet Healthcare shares closed at $130.78 on Tuesday. <a href="https://www.benzinga.com/quote/THC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>China Renaissance analyst Yiwen Zhang initiated coverage on Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy rating and announced a price target of $740. Spotify shares closed at $615.88 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Jeff Schmitt initiated coverage on StoneX Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNEX#NASDAQ">SNEX</a>) with an Outperform rating. StoneX Group shares closed at $81.61 on Tuesday. <a href="https://www.benzinga.com/quote/SNEX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Anthony Trainor initiated coverage on Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with an Equal-Weight rating and announced a price target of $95. Shake Shack shares closed at $95.39 on Tuesday. <a href="https://www.benzinga.com/quote/SHAK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Laura Prendergast initiated coverage on Erasca, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERAS#NASDAQ">ERAS</a>) with an Outperform rating and announced a price target of $5. Erasca shares closed at $1.48 on Tuesday. &nbsp;<a href="https://www.benzinga.com/quote/ERAS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SPOT stock? Here&#8217;s what analysts think: 
Read This Next: 
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<li><a href="https://www.benzinga.com/25/03/44492633/jim-cramer-palantir-is-a-winner-recommends-selling-this-tech-stock">Jim Cramer: Palantir Is A &#8216;Winner,&#8217; Recommends Selling This Tech Stock</a></li>
</ul>
Image: Shutterstock

Initiation

ERAS

SHAK

SNEX

This Spotify Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

China Renaissance analyst Yiwen Zhang initiates coverage on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy rating and announces Price Target of $740.

China Renaissance Initiates Coverage On Spotify Technology with Buy Rating, Announces Price Target of $740

<a href="https://www.globenewswire.com/news-release/2025/03/25/3048790/0/en/Infinite-Reality-Acquires-Iconic-Music-Service-Napster.html" title="https://www.globenewswire.com/news-release/2025/03/25/3048790/0/en/Infinite-Reality-Acquires-Iconic-Music-Service-Napster.html">https://www.globenewswire.com/news-release/2025/03/25/3048790/0/en/Infinite-Reality-Acquires-Iconic-Music-Service-Napster.html</a>

Watching Spotify Shares; Infinite Reality Earlier Acquired Napster For $207M

Technology companies using a subscription-based business model are more likely to weather economic uncertainty amid the ongoing big-tech selloff, according to CNBC&#8217;s Jim Cramer. The charts of both Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) showcase a bullish trend based on the <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
What Happened: Chartist Bob Lang&#8216;s analysis, reviewed by Cramer, indicates positive outlooks for Spotify and Netflix, with potential for Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>). Cramer highlights their subscription models&#8217; resilience amidst macroeconomic uncertainty.
"If I were to do this, I would buy common stock Spotify, I would buy common stock Netflix, and I would buy calls on Roku – that way I cut off my downside," said Cramer on his Mad Money <a href="https://www.cnbc.com/2025/03/24/jim-cramer-chart-shows-how-netflix-spotify-can-weather-uncertainty.html">show</a> on Monday.
Why It Matters: Here&#8217;s an analysis of Netflix and Spotify&#8217;s daily charts.
<h3 class="wp-block-heading">Netflix</h3>
Netflix was higher by 9.62% on a year-to-date basis, outperforming many tech peers, highlighted Cramer. He says that its daily charts reveal a recent rebound with high volume and the MACD exhibits a bullish crossover, a significant positive signal.
According to the data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, NFLX&#8217;s share price of $971.99 apiece as of Monday&#8217;s close was trading above its short and long-term trading averages, whereas its relative strength index of 54 was in the neutral zone.
However, the momentum indicator MACD indicates that the stock is in a bearish trend as the score of its MACD line was -2.52, showing that its 12-period exponential moving average is below the 26-period EMA.
However, the histogram has a positive number of 6.14, meaning that the MACD line is rising and getting closer to the signal line. This is a bullish sign within a bearish trend. It shows that the bearish momentum is decreasing.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart-1024x576.png" alt="" class="wp-image-840280" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073428/Netflix-tech-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Benzinga&#8217;s Edge Rankings indicate robust price trends across short, medium, and long-term periods. Momentum is exceptionally strong, ranking in the 93.35th percentile, and growth, based on historical earnings and revenue, is also solid at the 70.04th percentile. Further valuation and fundamental <a href="https://www.benzinga.com/report/NFLX">details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/NFLX"><img loading="lazy" decoding="async" width="805" height="133" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073511/NFLXs-Edge-Rankings.png" alt="" class="wp-image-840282" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073511/NFLXs-Edge-Rankings.png 805w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073511/NFLXs-Edge-Rankings-300x50.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073511/NFLXs-Edge-Rankings-768x127.png 768w" sizes="(max-width: 805px) 100vw, 805px" /></a></figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44469268/goldmans-grim-3-forecast-for-the-next-decade-clashed-with-experts-pe-warning-no-relationship-with-real-returns">Goldman Forecasts 3% Growth For S&amp;P 500 Over Next Decade: Expert Contradicts, Says It Has &#8216;No Relationship&#8217; With Real Returns </a>
<h3 class="wp-block-heading">Spotify</h3>
Cramer said that Spotify, which has gained 32.09% in 2025 is benefiting from the growing popularity of music streaming. He also highlighted that its MACD is positive with a sticky business model.
SPOT&#8217;s share price was also above its eight-, 20-, 50- and 200-day daily moving averages, signaling a bullish trend. Its RSI stood at a neutral value of 57.19.
Similarly, its MACD indicator showcased a bullish trend as the MACD line was positive at 4.48, indicating that its 12-period EMA was above the 26-period EMA.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart-1024x576.png" alt="" class="wp-image-840278" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073324/spotify-tech-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Benzinga&#8217;s Edge Rankings for Spotify also show a strong price trend in the short, medium, and long term. Its momentum ranking was sturdy at 97.23th percentile. However, its other rankings were at concerning levels, <a href="https://www.benzinga.com/report/SPOT">click here to learn more about them</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/SPOT"><img loading="lazy" decoding="async" width="811" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073135/SPOTs-Edge-Rankings.png" alt="" class="wp-image-840274" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073135/SPOTs-Edge-Rankings.png 811w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073135/SPOTs-Edge-Rankings-300x50.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/25073135/SPOTs-Edge-Rankings-768x129.png 768w" sizes="(max-width: 811px) 100vw, 811px" /></a></figure>
Price Action: NFLX was below the flatline by 0.047% in premarket trading on Tuesday, whereas SPOT was down 0.12%.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Tuesday. The SPY was up 0.10% to $574.62, while the QQQ advanced 0.043% to $490.87, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: Shutterstock

Market Summary

Futures

Netflix, Spotify Can Weather Economic Uncertainty Because Of Subscription-Based Models, Says Jim Cramer: Here's What Their Charts Indicate

Whales with a lot of money to spend have taken a noticeably bullish stance on Spotify Technology.
Looking at options history for Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $385,290 and 7, calls, for a total amount of $345,797.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $627.5 for Spotify Technology over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 230.0 with a total volume of 221.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $350.0 to $627.5 over the last 30 days.
<h3>Spotify Technology Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742824005_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.55</td>
<td>$11.7</td>
<td>$11.7</td>
<td>$460.00</td>
<td>$234.0K</td>
<td align="right">498</td>
<td align="right">0</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$10.0</td>
<td>$6.15</td>
<td>$7.5</td>
<td>$627.50</td>
<td>$75.0K</td>
<td align="right">13</td>
<td align="right">106</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$62.35</td>
<td>$59.15</td>
<td>$61.0</td>
<td>$610.00</td>
<td>$61.0K</td>
<td align="right">106</td>
<td align="right">10</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$55.6</td>
<td>$52.9</td>
<td>$52.9</td>
<td>$620.00</td>
<td>$52.9K</td>
<td align="right">109</td>
<td align="right">10</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$76.05</td>
<td>$70.6</td>
<td>$73.65</td>
<td>$540.00</td>
<td>$51.5K</td>
<td align="right">499</td>
<td align="right">7</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>Current Position of Spotify Technology</h3>
<ul>
<li>Trading volume stands at 66,656, with SPOT's price up by 2.06%, positioned at $612.31.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
<h3>Expert Opinions on Spotify Technology</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $675.0.
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 Guggenheim downgraded its action to Buy with a price target of $675. 
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.

Spotify Technology's Options Frenzy: What You Need to Know

AVDX, FORTY, GFS, RGTI, SWKS
AVDX, FORTY, GFS, RGTI, SWKS

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Shares of technology companies are trading higher in sympathy with overall market sentiment after the Fed policy decision to keep rates unchanged.

Press Releases

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

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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

CHCI

COUR

ICFI

LYFT

SSSS

JP Morgan

Wells Fargo

China Renaissance

Guggenheim

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