Deep-pocketed investors have adopted a bearish approach towards HubSpot HUBS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HUBS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for HubSpot. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 7 are puts, totaling $273,895, and 20 are calls, amounting to $3,340,660.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $890.0 for HubSpot over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of HubSpot stands at 176.36, with a total volume reaching 3,964.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in HubSpot, situated within the strike price corridor from $340.0 to $890.0, throughout the last 30 days.
HubSpot 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 |
|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BEARISH | 06/21/24 | $650.00 | $418.5K | 775 | 203 |
| HUBS | CALL | SWEEP | BEARISH | 06/21/24 | $650.00 | $360.4K | 775 | 375 |
| HUBS | CALL | SWEEP | BEARISH | 06/21/24 | $650.00 | $345.0K | 775 | 144 |
| HUBS | CALL | SWEEP | BEARISH | 06/21/24 | $650.00 | $305.2K | 775 | 0 |
| HUBS | CALL | TRADE | BEARISH | 06/21/24 | $650.00 | $287.9K | 775 | 643 |
About HubSpot
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
Having examined the options trading patterns of HubSpot, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of HubSpot
- Currently trading with a volume of 1,120,033, the HUBS's price is up by 2.52%, now at $645.53.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 76 days.
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 HubSpot 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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