Investors with a lot of money to spend have taken a bearish stance on HubSpot HUBS.
And retail traders should know.
We noticed this today when the positions 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 HUBS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 21 options trades for HubSpot.
This isn't normal.
The overall sentiment of these big-money traders is split between 19% bullish and 80%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $59,940, and 20, calls, for a total amount of $1,413,817.
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 $620.0 and $660.0 for HubSpot, spanning the last three months.
Volume & Open Interest Development
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 HubSpot'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 HubSpot's whale activity within a strike price range from $620.0 to $660.0 in the last 30 days.
HubSpot Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $175.0K | 112 | 1.2K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $172.0K | 112 | 1.0K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $114.8K | 112 | 421 |
| HUBS | CALL | SWEEP | BULLISH | 04/19/24 | $640.00 | $100.6K | 112 | 926 |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $95.9K | 112 | 495 |
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.
Having examined the options trading patterns of HubSpot, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of HubSpot
- With a volume of 365,284, the price of HUBS is up 0.2% at $621.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 40 days.
Professional Analyst Ratings for HubSpot
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $520.0.
- Reflecting concerns, an analyst from Keybanc lowers its rating to Underweight with a new price target of $520.
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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