Investors with a lot of money to spend have taken a bullish stance on Nu Holdings NU.
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 NU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Nu Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $71,825, and 8, calls, for a total amount of $462,299.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $10.0 for Nu Holdings over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Nu Holdings stands at 28353.2, with a total volume reaching 21,490.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Nu Holdings, situated within the strike price corridor from $9.0 to $10.0, throughout the last 30 days.
Nu Holdings Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NU | CALL | SWEEP | BEARISH | 02/16/24 | $10.00 | $161.3K | 68.2K | 4.3K |
| NU | PUT | SWEEP | BULLISH | 06/21/24 | $9.00 | $71.8K | 2.6K | 1.6K |
| NU | CALL | TRADE | BULLISH | 02/16/24 | $10.00 | $57.4K | 68.2K | 11.3K |
| NU | CALL | TRADE | BULLISH | 04/19/24 | $10.00 | $46.5K | 31.1K | 2.0K |
| NU | CALL | SWEEP | BULLISH | 04/19/24 | $10.00 | $46.5K | 31.1K | 525 |
About Nu Holdings
Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.
Present Market Standing of Nu Holdings
- With a trading volume of 6,327,844, the price of NU is up by 1.51%, reaching $10.07.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 8 days from now.
What The Experts Say On Nu Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $11.5.
- An analyst from UBS persists with their Buy rating on Nu Holdings, maintaining a target price of $11.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Nu Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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