Investors with a lot of money to spend have taken a bullish stance on HubSpot HUBS.
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 this is an institution or just a wealthy individual, 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 10 options trades for HubSpot.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 20%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $594,668, and there was 1 call, for a total amount of $44,200.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $370.0 to $570.0 for HubSpot during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for HubSpot options trades today is 48.5 with a total volume of 75.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for HubSpot's big money trades within a strike price range of $370.0 to $570.0 over the last 30 days.
HubSpot 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | TRADE | BULLISH | 08/16/24 | $57.8 | $52.6 | $54.68 | $520.00 | $109.3K | 14 | 0 |
| HUBS | PUT | SWEEP | BEARISH | 07/19/24 | $47.5 | $43.4 | $47.5 | $520.00 | $94.7K | 80 | 5 |
| HUBS | PUT | TRADE | NEUTRAL | 08/16/24 | $65.2 | $60.7 | $63.22 | $530.00 | $63.2K | 50 | 10 |
| HUBS | PUT | TRADE | NEUTRAL | 08/16/24 | $65.4 | $60.5 | $63.0 | $530.00 | $63.0K | 50 | 0 |
| HUBS | PUT | TRADE | BULLISH | 08/16/24 | $63.2 | $61.3 | $61.3 | $530.00 | $61.3K | 50 | 20 |
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.
Following our analysis of the options activities associated with HubSpot, we pivot to a closer look at the company's own performance.
Current Position of HubSpot
- With a volume of 460,985, the price of HUBS is down -1.04% at $476.42.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 12 days.
Expert Opinions on HubSpot
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $565.0.
- An analyst from Keybanc has decided to maintain their Underweight rating on HubSpot, which currently sits at a price target of $460.
- An analyst from UBS persists with their Neutral rating on HubSpot, maintaining a target price of $580.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for HubSpot, targeting a price of $570.
- An analyst from Wells Fargo persists with their Overweight rating on HubSpot, maintaining a target price of $650.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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