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 8 options trades for Nu Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $55,000, and 7, calls, for a total amount of $206,974.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $16.0 for Nu Holdings over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nu Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nu Holdings's substantial trades, within a strike price spectrum from $10.0 to $16.0 over the preceding 30 days.
Nu Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NU | PUT | TRADE | NEUTRAL | 06/21/24 | $11.00 | $55.0K | 2.8K | 1.3K |
| NU | CALL | SWEEP | BULLISH | 01/17/25 | $10.00 | $32.9K | 10.8K | 205 |
| NU | CALL | SWEEP | BULLISH | 01/17/25 | $15.00 | $32.9K | 17.8K | 612 |
| NU | CALL | SWEEP | BULLISH | 01/17/25 | $10.00 | $32.5K | 10.8K | 104 |
| NU | CALL | SWEEP | BEARISH | 04/19/24 | $12.50 | $30.0K | 11 | 1.2K |
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.
Following our analysis of the options activities associated with Nu Holdings, we pivot to a closer look at the company's own performance.
Where Is Nu Holdings Standing Right Now?
- With a trading volume of 18,782,807, the price of NU is down by -0.51%, reaching $11.79.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 54 days from now.
Professional Analyst Ratings for Nu Holdings
In the last month, 1 experts released ratings on this stock with an average target price of $12.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Nu Holdings with a target price of $12.
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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