Benzinga's options scanner has just identified more than 8 option transactions on UiPath PATH, with a cumulative value of $587,861. Concurrently, our algorithms picked up 3 puts, worth a total of 276,326.
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 $17.5 to $35.0 for UiPath during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in UiPath's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UiPath's substantial trades, within a strike price spectrum from $17.5 to $35.0 over the preceding 30 days.
UiPath Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PATH | PUT | SWEEP | BULLISH | 08/16/24 | $35.00 | $134.0K | 1 | 2 |
| PATH | CALL | TRADE | BULLISH | 01/16/26 | $17.50 | $106.0K | 296 | 100 |
| PATH | PUT | SWEEP | BULLISH | 05/17/24 | $27.00 | $102.5K | 272 | 0 |
| PATH | CALL | SWEEP | BULLISH | 03/15/24 | $21.00 | $85.2K | 407 | 0 |
| PATH | CALL | SWEEP | BULLISH | 06/21/24 | $20.00 | $77.9K | 2.7K | 160 |
About UiPath
UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of its revenues from the US, followed by Romania.
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 2,569,821, with PATH's price up by 1.49%, positioned at $23.89.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 49 days.
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 UiPath, 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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