High-rolling investors have positioned themselves bearish on UiPath PATH, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PATH often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 15 options trades for UiPath. This is not a typical pattern.
The sentiment among these major traders is split, with 46% bullish and 53% bearish. Among all the options we identified, there was one put, amounting to $29,580, and 14 calls, totaling $1,062,940.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $32.0 for UiPath over the recent three months.
Analyzing 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 $15.0 to $32.0 in the last 30 days.
UiPath Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PATH | CALL | SWEEP | BEARISH | 02/16/24 | $24.50 | $224.3K | 1.2K | 303 |
| PATH | CALL | TRADE | BULLISH | 03/15/24 | $30.00 | $137.0K | 2.0K | 1.0K |
| PATH | CALL | SWEEP | BULLISH | 02/16/24 | $24.50 | $95.7K | 1.2K | 4 |
| PATH | CALL | TRADE | NEUTRAL | 03/15/24 | $20.00 | $80.5K | 464 | 115 |
| PATH | CALL | SWEEP | BEARISH | 02/16/24 | $24.00 | $76.2K | 3.4K | 331 |
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.
Following our analysis of the options activities associated with UiPath, we pivot to a closer look at the company's own performance.
UiPath's Current Market Status
- Trading volume stands at 4,713,073, with PATH's price up by 3.19%, positioned at $27.19.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 30 days.
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 UiPath 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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