Significant Options Activity on Tuesday: ES, SPHR, ALGM

Written by Emily J. Thompson, Senior Investment Analyst

SPHR+0.87%

ES-0.86%

Source: NASDAQ.COM

Updated: Dec 16 2025

0mins

Source: NASDAQ.COM

SPHR Options Activity: Sphere Entertainment Co (SPHR) has seen a trading volume of 4,165 options contracts today, representing about 55.3% of its average daily trading volume, with significant activity in the $80 strike put option expiring January 16, 2026.
ALGM Options Activity: Allegro MicroSystems Inc (ALGM) has recorded a trading volume of 9,075 options contracts today, accounting for approximately 52.3% of its average daily trading volume, with notable trading in the $20 strike put option expiring January 16, 2026.
Market Insights: The trading volumes for both SPHR and ALGM indicate heightened interest in their respective options, reflecting investor sentiment and potential market movements.
Further Information: For additional details on various expirations for SPHR, ALGM, or ES options, resources are available at StockOptionsChannel.com.

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SPHR

$95.13+Infinity%1D

Analyst Views on SPHR

Wall Street analysts forecast SPHR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPHR is 91.80 USD with a low forecast of 45.00 USD and a high forecast of 106.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

12 Analyst Rating

7 Buy

4 Hold

1 Sell

Moderate Buy

Current: 94.310

Low

45.00

Averages

91.80

High

106.00

Current: 94.310

Low

45.00

Averages

91.80

High

106.00

BTIG

Neutral -> Buy

upgrade

$110

2026-01-22

Reason

BTIG

Price Target

$110

AI Analysis

2026-01-22

upgrade

Neutral -> Buy

Reason

BTIG upgraded Sphere Entertainment to Buy from Neutral with a $110 price target. The firm says it underappreciated the company's execution ability under backdrop of a weakening lower end consumer. Sphere's momentum in 2026 continues as it announced the U.S. expansion of its portfolio with the second venue targeted for Washington D.C., the analyst tells investors in a research note. BTIG says the company's portfolio expansion is bringing an improving narrative and more visibility into underwriting financial contribution. It sees a "catalyst rich event path" for Sphere amid the secular growth for live entertainment immersive experiences.

Guggenheim

Buy

maintain

$122 -> $136

2026-01-22

Reason

Guggenheim

Price Target

$122 -> $136

2026-01-22

maintain

Buy

Reason

Guggenheim raised the firm's price target on Sphere Entertainment to $136 from $122 and keeps a Buy rating on the shares after the company announced its intent to develop a Sphere at National Harbor in Maryland. The firm continues to expect more Sphere announcements, both domestic and international, this year and in 2027, noting that it ultimately sees global Spheres numbering at least six to ten.

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About SPHR

Sphere Entertainment Co. is a live entertainment and media company. The Company's segments include Sphere and MSG Networks. Its Sphere segment is an entertainment medium powered by technologies to create multi-sensory experiences. Its venue can host a variety of events year-round, including The Sphere Experience, which features original immersive productions, as well as concerts and residencies from artists, and marquee sports and corporate events. Production efforts are supported by Sphere Studios. Its MSG Networks segment operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a range of live sports content and other programming. The MSG Networks segment features a range of sports content, including exclusive live local games and other programming of the New York Knicks of the NBA and the New York Rangers, New York Islanders, New Jersey Devils and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.