Financial giants have made a conspicuous bearish move on UiPath. Our analysis of options history for UiPath PATH revealed 8 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $293,453, and 4 were calls, valued at $251,187.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $16.0 for UiPath over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UiPath's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UiPath's significant trades, within a strike price range of $12.0 to $16.0, over the past month.
UiPath Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PATH | PUT | SWEEP | BEARISH | 02/21/25 | $4.6 | $4.55 | $4.6 | $15.00 | $108.1K | 1.2K | 236 |
| PATH | CALL | TRADE | BEARISH | 11/15/24 | $0.58 | $0.56 | $0.56 | $14.00 | $106.4K | 5.4K | 1.9K |
| PATH | CALL | SWEEP | BEARISH | 09/20/24 | $0.46 | $0.44 | $0.46 | $13.00 | $85.6K | 3.6K | 52 |
| PATH | PUT | SWEEP | BEARISH | 11/15/24 | $4.3 | $4.25 | $4.3 | $15.00 | $80.4K | 2.0K | 0 |
| PATH | PUT | SWEEP | BEARISH | 11/15/24 | $4.3 | $4.2 | $4.3 | $15.00 | $58.4K | 2.0K | 434 |
About UiPath
UiPath offers an end-to-end cross-application enterprise automation platform. The platform leverages a range of automation technologies including robotic process automation, application programming interface, and artificial intelligence. UiPath's solution can automate a broad range of repetitive tasks across industries including claims processing, employee onboarding, invoice to cash, loan applications, and customer service.
UiPath's Current Market Status
- Currently trading with a volume of 2,140,939, the PATH's price is up by 1.58%, now at $10.92.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 27 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 UiPath 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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