Deep-pocketed investors have adopted a bullish approach towards Rubrik RBRK, 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 RBRK usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Rubrik. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 30% bearish. Among these notable options, 3 are puts, totaling $170,064, and 7 are calls, amounting to $354,786.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $80.0 for Rubrik, spanning the last three months.
Volume & Open Interest Development
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 Rubrik'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 Rubrik's whale activity within a strike price range from $50.0 to $80.0 in the last 30 days.
Rubrik 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RBRK | CALL | TRADE | BEARISH | 04/17/25 | $12.5 | $12.0 | $12.0 | $62.50 | $120.0K | 108 | 100 |
| RBRK | PUT | TRADE | BEARISH | 12/20/24 | $2.0 | $1.65 | $1.93 | $65.00 | $96.5K | 1.1K | 588 |
| RBRK | CALL | SWEEP | BULLISH | 12/20/24 | $11.6 | $11.5 | $11.6 | $55.00 | $69.6K | 1.1K | 76 |
| RBRK | CALL | TRADE | BULLISH | 07/18/25 | $23.1 | $22.7 | $23.1 | $50.00 | $46.2K | 34 | 20 |
| RBRK | PUT | SWEEP | BULLISH | 12/20/24 | $14.4 | $13.4 | $13.67 | $80.00 | $41.0K | 1 | 60 |
About Rubrik
Rubrik Inc is a company that offers data security solutions to organizations ranging from the largest companies worldwide to mid-sized smaller customers. Its platform is architected to help organizations achieve cyber resilience, which encompasses cyber posture and cyber recovery. They enable organizations to confidently accelerate digital transformation and leverage the cloud to realize business agility.
After a thorough review of the options trading surrounding Rubrik, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Rubrik
- With a volume of 3,863,354, the price of RBRK is up 6.4% at $68.77.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 54 days.
What The Experts Say On Rubrik
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $65.2.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $72. * An analyst from Barclays has decided to maintain their Overweight rating on Rubrik, which currently sits at a price target of $51. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Rubrik, targeting a price of $55. * An analyst from Guggenheim persists with their Buy rating on Rubrik, maintaining a target price of $72. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Rubrik, which currently sits at a price target of $76.
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 Rubrik 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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