Whales with a lot of money to spend have taken a noticeably bearish stance on Cleanspark . Looking at options history for Cleanspark CLSK we detected 20 trades. If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 50% with bearish. From the overall spotted trades, 4 are puts, for a total amount of $648,322 and 16, calls, for a total amount of $631,476. Projected Price Targets After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $8.0 and $37.0 for Cleanspark, spanning the last three months. Volume & Open Interest Development In terms of liquidity and interest, the mean open interest for Cleanspark options trades today is 13555.59 with a total volume of 18,722.00. In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleanspark's big money trades within a strike price range of $8.0 to $37.0 over the last 30 days. Cleanspark Option Volume And Open Interest Over Last 30 Days Significant Options Trades Detected: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume CLSK PUT SWEEP BULLISH 01/16/26 $27.75 $27.6 $27.6 $37.00 $480.2K 6.4K 174 CLSK PUT SWEEP BEARISH 01/16/26 $4.1 $3.95 $4.15 $10.00 $83.0K 7.1K 203 CLSK CALL SWEEP BULLISH 01/15/27 $4.5 $3.4 $4.49 $15.00 $62.4K 7.9K 167 CLSK CALL SWEEP BEARISH 01/17/25 $0.88 $0.85 $0.88 $10.00 $59.6K 25.2K 915 CLSK PUT SWEEP BULLISH 01/24/25 $1.1 $1.08 $1.09 $10.00 $56.7K 548 554 About Cleanspark Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company. Current Position of Cleanspark Trading volume stands at 10,626,625, with CLSK's price up by 0.19%, positioned at $10.38. RSI indicators show the stock to be may be oversold. Earnings announcement expected in 41 days. 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. Click here for access . 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 Cleanspark options trades with real-time alerts from Benzinga Pro . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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SAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- BSD Builders, Inc. today announced it has received seismic certification from California's OSHPD/HCAi for its state-of-the-art Microgrid Solutions. Developed in partnership with 2G Energy Inc., the BSD Special Seismically Certified (SSC) Microgrid product is set to revolutionize energy resilience and efficiency for all types of buildings. The BSD SSC Microgrid system, consisting of a cogeneration power plant and fuel storage, was initially designed to support California skilled nursing facilities' compliance with California Assembly Bill 2511, which California Governor Gavin Newsom signed into law on September 29, 2022 . This bill requires these facilities to have an alternative power source to protect resident health and safety for at least 96 hours during any type of power outage. This microgrid power solution is a self-contained electrical system that can operate independently from the main power grid. With the seismic certification, it is now available for any type of building that needs uninterruptable power. "At BSD Builders, we're passionate about creating solutions that make a difference in people's lives. We have developed a proprietary solution that not only meets but exceeds California's stringent seismic requirements while providing a reliable and efficient source of power, especially during unexpected power loss or natural disasters," said Jeff Blair , CEO of BSD Builders, Inc. "This solution offers long-term benefits not only by lowering utility costs, it can also help to improve the stability of the regional electric grid and reduce carbon emissions." Key features of the BSD SSC Microgrid Solution include: "2G Energy is proud to partner with BSD on the BSD SSC Microgrid System designing it for a wide range of applications, providing a reliable and cost-effective energy solution for skilled nursing facilities, hospitals, data centers, pharmaceutical labs, research facilities, cold storage units, data centers, and more," stated Darren Jamison , Managing Director of 2G Energy North America. "The design utilizes proprietary technologies to offer clients reduced utility costs and increased reliability. It is designed for continuous parallel operation with the utility as well as stand-alone island mode," concluded Jamison. For more information about the BSD SSC Microgrid System or to schedule a consultation, please visit bsdbuilders.com . About BSD Builders, Inc . - BSD Builders, Inc. is a leading general contractor specializing in the healthcare industry. Focusing on exceeding industry standards and delivering exceptional value to clients, BSD Builders, Inc. continues to set the benchmark for excellence in the construction and energy sectors. About 2G Energy – 2G Energy is a globally recognized leader in the development and production of combined heat and power (CHP) systems. With a commitment to sustainability and innovation, 2G Energy provides cutting-edge solutions that optimize energy efficiency and environmental performance. View original content to download multimedia: https://www.prnewswire.com/news-releases/bsd-builders-inc-advanced-microgrid-solutions-receives-california-seismic-certification-for-uninterruptible-power-supply-302324334.html SOURCE BSD Builders, Inc.
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By Jarrell Dillard, Prashant Gopal and Maria Clara Cobo | Bloomberg Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels. “The difference is Trump,” said Daryl Fairweather, chief economist at Redfin. “The market seems to be pricing in that he’ll move forward with at least some of the tariffs, but it’s really hard to know what Trump is going to do.” It’s another hit for the housing market, which has been dealing with a rise in borrowing costs that’s pushed at least one measure of mortgage rates above 7%. Economists expecting higher-for-longer borrowing costs shows just how tough the market is likely to be for homebuyers trying to find affordable options. “There was a view that rates would gradually fall, but that no longer seems to be the case,” said Thomas Ryan, North America economist at Capital Economics. “As a result, the housing market is going to stay frozen — as it is — for longer than we and other economists had expected.” While the stock market rallied the day after Trump’s victory, the bond market has reacted with more trepidation given how tariffs and other policies might impact inflation. After the election, Barclays Plc economists raised their inflation projections for the next two years and lowered their outlook for economic growth, due to tariffs and potential immigration restrictions. Trump’s proposal for an up to 20% tariff on all imports, and an even higher 60% tariff on Chinese goods, is one of the major causes of uncertainty. Economists have said this could lead to inflation as companies would likely pass on those cost increases to consumers. If he also imposes tax cuts, that could lower fiscal revenue and drive up the US deficit, pushing long-term rates even higher. Some economists have also warned that Trump’s plan to deport millions of undocumented immigrants could further exacerbate the nation’s housing shortage. If Trump’s policies lead to an even smaller labor force for the construction industry, it would make it difficult to build new homes and make costs even more expensive. “We need labor,” said Nadia Evangelou, senior economist at the National Association of Realtors. “Sometimes homebuilders are not able to deliver affordable homes, or the price point that people can afford to buy. And the reason is because of the labor shortage.” Trump’s impacts on the economy will likely influence how the Federal Reserve proceeds. And while the Fed’s decisions on short-term interest rates do not directly set mortgage rates, monetary policy does have some influence. Mortgage rates closely follow yields on 10-year Treasuries, and are affected by market expectations for inflation and economic growth. Capital Economics expects higher rates to be another “setback” for buyers and cause a home-sale recovery to be even shallower than expected. Mortgage rates will likely stay high around 7% in 2024 and drop only a quarter point by the end of 2025, according to Capital Economics’ Ryan. “There’s a general consensus that the net effect of Trump’s policies will be inflationary,” Ryan said. “That’s what’s driving changes in the bond market at the moment.” Other economists have also dialed back their mortgage-rate expectations. Mark Zandi, chief economist at Moody’s Analytics, predicts 30-year fixed mortgage rates will now remain around 7%. “I don’t think I’d count on mortgage rates coming down anytime until next fall, later next year,” Zandi said. “And even then, I’m not sure. It really depends on what his policies are, how aggressively he pursues them.” For buyers, the picture remains a little uncertain. High borrowing costs have weighed on shoppers, fueling a drop in contracts to buy previously owned homes in October, according to Redfin. While prices held up in October, homes stayed a median of 41 days on the market, about a week longer than a year ago, according to Redfin. If higher borrowing costs slow the market even more, that could help spur more deals for buyers. For now, election uncertainty has cleared, giving some consumers more confidence to forge ahead. Erica Diaz, an agent with Homevest in Florida, said her business has seen a significant increase in both potential buyers and sellers since the election. Malvin Le, a real estate agent based in Orange County, California, said his phone lit up immediately after the election with a few buyers ready to go shopping again. “The day after the election, I got three or four calls from buyers who wanted to see a house that weekend,” Le said. “There are still buyers waiting to buy, they’re just waiting for a good deal.” Related Articles Housing | Criminal charges and jail time now part of predatory mortgage lending law in California Housing | 30-year mortgage hit highest level since July Housing | Mortgage refinancing, auto loans rejected at highest rate since 2013 Housing | US mortgage rates dip, but economists see volatility ahead Housing | Mortgage rates fell, then rose. What comes next?
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Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities. US indices slid lower at the opening bell, with the tech-heavy Nasdaq Composite losing two percent during morning trading. Shares in Tesla were down over three percent in late morning trading while those in AI chipmaker NVIDIA shed around two percent. Wall Street stocks have historically performed well around the year-end holidays in what is popularly known as a Santa Claus rally. A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading. Briefing.com analyst Patrick O'Hare also pointed to an increase in 10-year US Treasury bond yields to around 4.6 percent, which he noted is an increase of nearly 0.9 percentage points since the US Federal Reserve made its first interest rate cut in September. "The Fed doesn't hold sway over longer-dated maturities like it does over shorter-dated securities, so the bump in rates at the back end of the curve is being watched with an anxious eye as a possible harbinger of a pickup in inflation and/or the budget deficit," O'Hare said. Wall Street stocks took a knock earlier this month when the Fed indicated it would likely cut interest rates less than it had previously expected to. That was in part because of uncertainty tied to the stated intention of incoming president Donald Trump to raise tariffs, which could boost inflation that is already proving sticky. In Asia, Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday evening -- its lowest in almost six months -- following comments made by Bank of Japan Governor Kazuo Ueda that failed to give a clear signal on a possible interest rate increase next month. Recent data has showed Japan's inflation rose for a second month in December, while industrial production declined less than expected in November and retail sales came in higher than estimated last month. Japan's government also on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare for its ageing population and on defence to tackle regional threats. In Seoul, the stock market closed down one percent after the won plunged to a nearly 16-year low of 1,487.03 against the dollar on Friday morning. South Korea is struggling to emerge from political turbulence in the wake of President Yoon Suk Yeol's martial law declaration this month, which prompted his impeachment. Acting President Han Duck-soo was also impeached Friday in a vote that prompted governing party lawmakers to protest with angry chants and raised fists. South Korea's business outlook for January fell in the Bank of Korea's composite sentiment index, the biggest month-on-month slide since April 2020, according to data based on almost 3,300 firms released Friday. In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election, emphasising the need for "political stability" in Europe's largest economy. New York - Dow: DOWN 0.8 percent at 42,987.31 New York - S&P 500: DOWN 1.2 percent at 5,967.31 New York - Nasdaq Composite: DOWN 1.7 percent at 19,676.01 London - FTSE 100: UP 0.2 percent at 8,149.78 (close) Paris - CAC 40: UP 1.0 percent at 7,355.37 (close) Frankfurt - DAX: UP 0.7 percent at 19,984.32 (close) Tokyo - Nikkei 225: UP 1.8 percent at 40,281.16 points (close) Seoul - Kospi: DOWN 1.0 percent at 2,404.77 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,116.93 (close) Shanghai - Composite: UP 0.1 percent at 3,400.14 (close) Euro/dollar: UP at $1.0431 from $1.0424 on Thursday Pound/dollar: UP at $1.2589 from $1.2526 Dollar/yen: DOWN at 157.53 yen from 158.00 yen Euro/pound: DOWN at 82.85 pence from 83.19 pence West Texas Intermediate: UP 1.2 percent at $70.42 per barrel Brent North Sea Crude: UP 1.1 percent at $73.62 per barrel burs-rl/rlpNone
