Whales with a lot of money to spend have taken a noticeably bearish stance on HubSpot.
Looking at options history for HubSpot HUBS we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 87% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $127,427 and 6, calls, for a total amount of $431,050.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $540.0 to $660.0 for HubSpot over the recent three months.
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 HubSpot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to HubSpot's substantial trades, within a strike price spectrum from $540.0 to $660.0 over the preceding 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 | TRADE | BEARISH | 06/21/24 | $540.00 | $187.5K | 13 | 15 |
| HUBS | PUT | TRADE | BEARISH | 09/20/24 | $550.00 | $98.6K | 275 | 24 |
| HUBS | CALL | SWEEP | BULLISH | 09/20/24 | $560.00 | $65.0K | 6 | 5 |
| HUBS | CALL | SWEEP | BEARISH | 03/15/24 | $660.00 | $54.0K | 51 | 0 |
| HUBS | CALL | TRADE | NEUTRAL | 03/15/24 | $630.00 | $51.4K | 124 | 34 |
About HubSpot
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
Where Is HubSpot Standing Right Now?
- Currently trading with a volume of 276,710, the HUBS's price is up by 0.21%, now at $648.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 2 days.
Expert Opinions on HubSpot
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $645.0.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $625.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for HubSpot, targeting a price of $600.
- An analyst from BMO Capital persists with their Outperform rating on HubSpot, maintaining a target price of $710.
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 HubSpot with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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