US pending home sales tumble to record low in September - Reuters

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• Traders are betting Netflix's stock drama may be coming to an end

  Netflix's stock price has been on a rollercoaster ride, plummeting from its all-time highs, prompting option traders to bet that the drama is coming to an end. Current options prices imply a 9% post-earnings move, the highest since Q3 2022, with traders favoring calls over puts and buying more calls than puts. The single largest trade on Netflix's tape was a seller of puts, indicating confidence in a potential earnings recovery. Traders are also buying more than 3,500 80-strike calls expiring this Friday, suggesti…

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• Stocks try for back-to-back gains — plus, Qnity gets iPhone business from Apple

  The CNBC Investing Club with Jim Cramer released the Homestretch, an actionable afternoon update just in time for the last hour of trading on Wall Street. Crude was up a few dollars per barrel early Tuesday but then fell on hopes of progress toward a peace deal in the Middle East. The 10-year Treasury yield followed a similar path — inching higher at the start of the day before dropping on weak economic data.

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• German regulator fines Nomura over Commerzbank disclosure breaches

  German financial regulator Bafin has fined Japanese investment firm Nomura Holdings €320,000 for failing to disclose voting rights in Commerzbank, breaching German law. Nomura did not submit voting rights notifications for Commerzbank in May and June, which could lead to a fine of up to €10 million or 5% of total revenue. The firm has appealed the administrative fine order.

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