Whales with a lot of money to spend have taken a noticeably bullish stance on HubSpot.
Looking at options history for HubSpot HUBS we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $243,180 and 4, calls, for a total amount of $147,900.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $640.0 for HubSpot, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for HubSpot options trades today is 283.86 with a total volume of 57.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for HubSpot's big money trades within a strike price range of $300.0 to $640.0 over the last 30 days.
HubSpot Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | SWEEP | BEARISH | 06/21/24 | $12.1 | $12.0 | $12.0 | $560.00 | $104.4K | 559 | 0 |
| HUBS | PUT | SWEEP | BULLISH | 06/21/24 | $11.8 | $9.0 | $9.0 | $550.00 | $56.7K | 485 | 39 |
| HUBS | CALL | TRADE | BEARISH | 07/19/24 | $30.0 | $23.6 | $26.0 | $640.00 | $54.6K | 256 | 0 |
| HUBS | PUT | SWEEP | BULLISH | 09/20/24 | $59.9 | $54.2 | $54.2 | $610.00 | $48.7K | 11 | 2 |
| HUBS | CALL | TRADE | BULLISH | 07/19/24 | $37.9 | $34.5 | $37.9 | $600.00 | $37.9K | 23 | 5 |
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.
Current Position of HubSpot
- With a volume of 169,196, the price of HUBS is down -0.4% at $593.54.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 days.
What Analysts Are Saying About HubSpot
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $750.0.
- An analyst from Wells Fargo persists with their Overweight rating on HubSpot, maintaining a target price of $750.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for HubSpot with Benzinga Pro for real-time alerts.
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