Whales with a lot of money to spend have taken a noticeably bullish stance on GitLab.

Looking at options history for GitLab (NASDAQ:GTLB) we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $1,283,430 and 5, calls, for a total amount of $760,235.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $90.0 for GitLab over the last 3 months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for GitLab options trades today is 1457.17 with a total volume of 3,922.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for GitLab's big money trades within a strike price range of $35.0 to $90.0 over the last 30 days.

GitLab 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About GitLab

Where Is GitLab Standing Right Now?

• Currently trading with a volume of 1,078,783, the GTLB's price is up by 0.56%, now at $70.33.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 7 days.

What Analysts Are Saying About GitLab

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $78.33333333333333.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for GitLab, targeting a price of $80.
• Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for GitLab, targeting a price of $75.
• Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Overweight rating for GitLab, targeting a price of $80.

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