Investors with a lot of money to spend have taken a bearish stance on HashiCorp HCP.
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 HCP, 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 11 uncommon options trades for HashiCorp.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $245,430, and 5 are calls, for a total amount of $171,010.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $35.0 for HashiCorp over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for HashiCorp's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across HashiCorp's significant trades, within a strike price range of $30.0 to $35.0, over the past month.
HashiCorp Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HCP | PUT | TRADE | BEARISH | 05/17/24 | $1.5 | $1.35 | $1.5 | $30.00 | $90.0K | 8 | 997 |
| HCP | PUT | TRADE | BEARISH | 05/17/24 | $1.5 | $1.35 | $1.5 | $30.00 | $43.3K | 8 | 1.8K |
| HCP | CALL | TRADE | BULLISH | 05/17/24 | $2.0 | $1.8 | $2.0 | $30.00 | $40.0K | 881 | 211 |
| HCP | CALL | TRADE | BULLISH | 01/17/25 | $2.5 | $0.0 | $1.8 | $35.00 | $36.0K | 6.2K | 200 |
| HCP | CALL | SWEEP | BULLISH | 05/17/24 | $1.8 | $1.7 | $1.8 | $30.00 | $35.4K | 881 | 1.8K |
About HashiCorp
HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
Having examined the options trading patterns of HashiCorp, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
HashiCorp's Current Market Status
- With a trading volume of 11,825,823, the price of HCP is up by 21.77%, reaching $29.89.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 43 days from now.
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 HashiCorp 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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