Deep-pocketed investors have adopted a bullish approach towards Maplebear CART, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CART usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Maplebear. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 22% bearish. Among these notable options, 2 are puts, totaling $56,414, and 7 are calls, amounting to $578,159.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $29.5 to $37.0 for Maplebear over the recent three months.
Insights into 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 Maplebear'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 Maplebear's whale activity within a strike price range from $29.5 to $37.0 in the last 30 days.
Maplebear Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CART | CALL | SWEEP | BULLISH | 03/01/24 | $32.00 | $191.9K | 350 | 2.7K |
| CART | CALL | TRADE | BEARISH | 03/01/24 | $32.00 | $133.9K | 350 | 3.3K |
| CART | CALL | SWEEP | BULLISH | 03/01/24 | $33.00 | $92.0K | 42 | 2.1K |
| CART | CALL | SWEEP | BULLISH | 03/15/24 | $33.00 | $50.7K | 125 | 54 |
| CART | CALL | SWEEP | BULLISH | 03/01/24 | $31.00 | $40.6K | 333 | 8 |
About Maplebear
Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada. Instacart partners with local and national grocers who provide their selection of food and other goods to customers through Instacart's mobile app or website. After a customer places an order, an independent personal shopper employed by Instacart will pick the order and either prepare it for pickup or deliver it to the customer's chosen location. Instacart's revenue model consists of transaction revenue in the form of retailer and customer fees, as well as advertising revenue from brand advertising on Instacart platforms.
Current Position of Maplebear
- With a trading volume of 1,870,147, the price of CART is up by 3.61%, reaching $30.96.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 92 days from now.
What The Experts Say On Maplebear
In the last month, 2 experts released ratings on this stock with an average target price of $34.5.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Maplebear, targeting a price of $41.
- An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $28.
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 Maplebear 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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