Investors with a lot of money to spend have taken a bullish stance on Upstart Hldgs UPST.
And retail traders should know.
We noticed this today when the positions 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 UPST, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Upstart Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,475, and 8, calls, for a total amount of $358,073.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $40.0 for Upstart Hldgs over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Upstart Hldgs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Upstart Hldgs's whale activity within a strike price range from $30.0 to $40.0 in the last 30 days.
Upstart Hldgs Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPST | CALL | TRADE | BEARISH | 02/16/24 | $37.50 | $150.6K | 5.1K | 642 |
| UPST | CALL | SWEEP | BULLISH | 02/09/24 | $33.00 | $32.3K | 1.3K | 494 |
| UPST | CALL | TRADE | BEARISH | 02/09/24 | $33.00 | $32.1K | 1.3K | 1.0K |
| UPST | CALL | TRADE | BULLISH | 02/16/24 | $35.00 | $30.8K | 2.2K | 405 |
| UPST | CALL | SWEEP | BULLISH | 02/09/24 | $34.00 | $29.1K | 1.7K | 1.7K |
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.
Having examined the options trading patterns of Upstart Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Upstart Hldgs Standing Right Now?
- With a trading volume of 1,929,102, the price of UPST is up by 0.09%, reaching $32.02.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 7 days from now.
What Analysts Are Saying About Upstart Hldgs
In the last month, 1 experts released ratings on this stock with an average target price of $23.0.
- An analyst from Mizuho persists with their Underperform rating on Upstart Hldgs, maintaining a target price of $23.
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 Upstart Hldgs 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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