Financial giants have made a conspicuous bullish move on HashiCorp. Our analysis of options history for HashiCorp HCP revealed 12 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $299,938, and 6 were calls, valued at $516,371.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $22.5 to $30.0 for HashiCorp during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of HashiCorp stands at 1091.75, with a total volume reaching 18,647.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in HashiCorp, situated within the strike price corridor from $22.5 to $30.0, throughout the last 30 days.
HashiCorp Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HCP | CALL | SWEEP | BULLISH | 04/19/24 | $30.00 | $160.0K | 783 | 2.5K |
| HCP | CALL | SWEEP | BULLISH | 04/19/24 | $30.00 | $115.5K | 783 | 834 |
| HCP | CALL | SWEEP | BULLISH | 04/19/24 | $30.00 | $95.3K | 783 | 3.2K |
| HCP | PUT | SWEEP | BEARISH | 03/15/24 | $25.00 | $92.5K | 1.8K | 655 |
| HCP | CALL | SWEEP | BULLISH | 04/19/24 | $30.00 | $66.1K | 783 | 1.2K |
About HashiCorp
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
Current Position of HashiCorp
- Currently trading with a volume of 1,748,207, the HCP's price is down by -1.34%, now at $25.68.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 6 days.
What Analysts Are Saying About HashiCorp
In the last month, 1 experts released ratings on this stock with an average target price of $30.0.
- Showing optimism, an analyst from Morgan Stanley upgrades its rating to Overweight with a revised price target of $30.
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 HashiCorp options trades with real-time alerts from Benzinga Pro.
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