A whale with a lot of money to spend has taken a noticeably bearish stance on HubSpot.
Looking at options history for HubSpot HUBS we detected 23 strange trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $236,826 and 16, calls, for a total amount of $1,666,177.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $700.0 for HubSpot over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for HubSpot'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 HubSpot's whale trades within a strike price range from $290.0 to $700.0 in the last 30 days.
HubSpot Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BULLISH | 08/18/23 | $550.00 | $360.2K | 72 | 204 |
| HUBS | CALL | TRADE | BULLISH | 01/19/24 | $290.00 | $274.0K | 34 | 10 |
| HUBS | CALL | TRADE | BEARISH | 08/18/23 | $550.00 | $203.5K | 72 | 351 |
| HUBS | CALL | TRADE | BULLISH | 01/19/24 | $390.00 | $185.0K | 32 | 10 |
| HUBS | CALL | SWEEP | BULLISH | 09/15/23 | $610.00 | $106.0K | 26 | 62 |
Where Is HubSpot Standing Right Now?
- With a volume of 714,847, the price of HUBS is down -3.78% at $554.6.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On HubSpot:
- Goldman Sachs has decided to maintain their Buy rating on HubSpot, which currently sits at a price target of $596.
- RBC Capital has decided to maintain their Outperform rating on HubSpot, which currently sits at a price target of $625.
- Barclays has decided to maintain their Equal-Weight rating on HubSpot, which currently sits at a price target of $525.
- Piper Sandler downgraded its action to Neutral with a price target of $520
- Mizuho has decided to maintain their Buy rating on HubSpot, which currently sits at a price target of $550.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for HubSpot, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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