Investors with a lot of money to spend have taken a bullish stance on UiPath PATH.
And retail traders should know.
We noticed this today when the trades 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 PATH, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for UiPath.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $795,605, and 6 are calls, for a total amount of $252,205.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.5 to $19.0 for UiPath during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for UiPath's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of UiPath's whale activity within a strike price range from $2.5 to $19.0 in the last 30 days.
UiPath 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PATH | PUT | SWEEP | BULLISH | 06/20/25 | $2.1 | $2.09 | $2.09 | $12.00 | $402.5K | 4.3K | 2.1K |
| PATH | PUT | SWEEP | BULLISH | 06/20/25 | $2.19 | $2.06 | $2.06 | $12.00 | $289.8K | 4.3K | 4.0K |
| PATH | PUT | SWEEP | BULLISH | 06/20/25 | $2.09 | $2.08 | $2.09 | $12.00 | $103.2K | 4.3K | 2.1K |
| PATH | CALL | SWEEP | BEARISH | 09/20/24 | $2.18 | $2.13 | $2.13 | $11.00 | $51.5K | 2.4K | 533 |
| PATH | CALL | SWEEP | BEARISH | 09/20/24 | $2.08 | $2.05 | $2.05 | $11.00 | $47.1K | 2.4K | 270 |
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.
Having examined the options trading patterns of UiPath, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
UiPath's Current Market Status
- Trading volume stands at 4,498,742, with PATH's price up by 2.78%, positioned at $12.76.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 10 days.
What Analysts Are Saying About UiPath
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $14.0.
- An analyst from Barclays persists with their Equal-Weight rating on UiPath, maintaining a target price of $14.
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 UiPath with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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