Investors with a lot of money to spend have taken a bearish stance on Upstart Hldgs UPST.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UPST, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Upstart Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $436,980, and 9 are calls, for a total amount of $670,316.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $50.0 for Upstart Hldgs, spanning the last three months.
Volume & Open Interest Trends
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 Upstart Hldgs'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 Upstart Hldgs's whale trades within a strike price range from $20.0 to $50.0 in the last 30 days.
Upstart Hldgs 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 |
|---|---|---|---|---|---|---|---|---|
| UPST | CALL | SWEEP | BEARISH | 09/20/24 | $30.00 | $119.7K | 15 | 200 |
| UPST | CALL | SWEEP | BEARISH | 02/16/24 | $42.50 | $119.6K | 3.7K | 7 |
| UPST | CALL | SWEEP | BEARISH | 02/16/24 | $42.50 | $108.1K | 3.7K | 2.2K |
| UPST | PUT | TRADE | BEARISH | 02/16/24 | $32.50 | $102.9K | 2.3K | 389 |
| UPST | CALL | SWEEP | BEARISH | 02/16/24 | $40.00 | $99.3K | 8.4K | 4.8K |
About Upstart Hldgs
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company comprised of fees paid by banks.
Upstart Hldgs's Current Market Status
- With a trading volume of 6,747,841, the price of UPST is down by -5.98%, reaching $33.35.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 0 days from now.
Professional Analyst Ratings for Upstart Hldgs
1 market experts have recently issued ratings for this stock, with a consensus target price of $23.0.
- An analyst from Mizuho has decided to maintain their Underperform rating on Upstart Hldgs, which currently sits at a price target of $23.
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 Upstart Hldgs, 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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