High-rolling investors have positioned themselves bearish on Upstart Hldgs UPST, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in UPST often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Upstart Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $28,424, and 7 calls, totaling $516,844.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $36.0 for Upstart Hldgs over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Upstart Hldgs options trades today is 964.75 with a total volume of 2,220.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Upstart Hldgs's big money trades within a strike price range of $15.0 to $36.0 over the last 30 days.
Upstart Hldgs Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPST | CALL | TRADE | BULLISH | 03/15/24 | $15.00 | $106.3K | 33 | 50 |
| UPST | CALL | SWEEP | BEARISH | 03/15/24 | $15.00 | $106.3K | 33 | 200 |
| UPST | CALL | SWEEP | BEARISH | 03/15/24 | $15.00 | $104.9K | 33 | 100 |
| UPST | CALL | TRADE | BEARISH | 02/16/24 | $35.00 | $57.1K | 2.2K | 174 |
| UPST | CALL | SWEEP | BEARISH | 02/16/24 | $35.00 | $54.2K | 2.2K | 465 |
About Upstart Hldgs
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company comprised of fees paid by banks.
Following our analysis of the options activities associated with Upstart Hldgs, we pivot to a closer look at the company's own performance.
Upstart Hldgs's Current Market Status
- With a trading volume of 2,906,760, the price of UPST is up by 1.44%, reaching $36.56.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 21 days from now.
What The Experts Say On Upstart Hldgs
In the last month, 1 experts released ratings on this stock with an average target price of $23.0.
- Maintaining their stance, an analyst from Mizuho continues to hold a Underperform rating for Upstart Hldgs, targeting a price of $23.
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 Upstart Hldgs with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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