Deep-pocketed investors have adopted a bearish approach towards UP Fintech Holding TIGR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TIGR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for UP Fintech Holding. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 61% bearish. Among these notable options, 3 are puts, totaling $118,812, and 10 are calls, amounting to $780,119.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $4.0 to $17.0 for UP Fintech Holding during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of UP Fintech Holding stands at 3918.91, with a total volume reaching 8,600.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UP Fintech Holding, situated within the strike price corridor from $4.0 to $17.0, throughout the last 30 days.
UP Fintech Holding Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TIGR | CALL | SWEEP | BEARISH | 12/20/24 | $0.75 | $0.65 | $0.65 | $15.00 | $229.2K | 233 | 3.5K |
| TIGR | CALL | SWEEP | BEARISH | 04/17/25 | $2.9 | $2.5 | $2.5 | $9.00 | $125.0K | 987 | 5 |
| TIGR | CALL | SWEEP | BEARISH | 10/18/24 | $1.3 | $1.25 | $1.25 | $8.00 | $123.7K | 17.8K | 994 |
| TIGR | CALL | TRADE | BULLISH | 11/15/24 | $4.0 | $3.8 | $4.01 | $5.00 | $80.2K | 2.3K | 504 |
| TIGR | PUT | SWEEP | BULLISH | 12/20/24 | $2.4 | $2.3 | $2.3 | $9.00 | $46.0K | 28 | 201 |
About UP Fintech Holding
UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
Current Position of UP Fintech Holding
- Trading volume stands at 8,387,090, with TIGR's price down by -11.57%, positioned at $8.51.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 47 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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 UP Fintech Holding with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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