Financial giants have made a conspicuous bullish move on GitLab. Our analysis of options history for GitLab GTLB revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $108,820, and 7 were calls, valued at $246,336.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $60.0 for GitLab, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for GitLab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GitLab's significant trades, within a strike price range of $47.5 to $60.0, over the past month.
GitLab Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GTLB | CALL | TRADE | BULLISH | 11/15/24 | $4.2 | $3.9 | $4.2 | $60.00 | $42.0K | 0 | 1 |
| GTLB | CALL | SWEEP | BEARISH | 09/20/24 | $7.8 | $7.6 | $7.6 | $47.50 | $41.8K | 0 | 1 |
| GTLB | PUT | SWEEP | BEARISH | 01/16/26 | $17.8 | $17.2 | $17.6 | $60.00 | $40.4K | 81 | 0 |
| GTLB | CALL | TRADE | BULLISH | 07/19/24 | $1.65 | $1.5 | $1.6 | $52.00 | $39.6K | 393 | 321 |
| GTLB | CALL | TRADE | BULLISH | 07/19/24 | $1.65 | $1.5 | $1.6 | $52.00 | $35.0K | 393 | 321 |
About GitLab
GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Having examined the options trading patterns of GitLab, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of GitLab
- With a volume of 1,033,871, the price of GTLB is down -0.27% at $51.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 63 days.
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 GitLab 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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