Investors with a lot of money to spend have taken a bullish stance on UP Fintech Holding TIGR.
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 TIGR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for UP Fintech Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $60,000, and 9, calls, for a total amount of $758,641.
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 $4.0 and $10.0 for UP Fintech Holding, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of UP Fintech Holding stands at 4983.17, with a total volume reaching 29,393.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in UP Fintech Holding, situated within the strike price corridor from $4.0 to $10.0, throughout the last 30 days.
UP Fintech Holding Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TIGR | CALL | SWEEP | BULLISH | 10/18/24 | $1.2 | $1.1 | $1.17 | $4.00 | $238.0K | 3.8K | 3.0K |
| TIGR | CALL | TRADE | BULLISH | 01/17/25 | $1.3 | $1.1 | $1.3 | $4.00 | $130.0K | 4.3K | 0 |
| TIGR | CALL | SWEEP | BEARISH | 01/16/26 | $0.55 | $0.4 | $0.4 | $10.00 | $116.8K | 15.3K | 9.8K |
| TIGR | CALL | TRADE | BULLISH | 01/16/26 | $0.4 | $0.35 | $0.4 | $10.00 | $80.0K | 15.3K | 3.3K |
| TIGR | PUT | TRADE | BEARISH | 01/17/25 | $0.6 | $0.6 | $0.6 | $5.00 | $60.0K | 3.0K | 1.0K |
About UP Fintech Holding
UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
In light of the recent options history for UP Fintech Holding, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is UP Fintech Holding Standing Right Now?
- With a volume of 5,743,624, the price of TIGR is up 4.78% at $5.04.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 59 days.
What The Experts Say On UP Fintech Holding
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $5.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Citigroup has decided to maintain their Buy rating on UP Fintech Holding, which currently sits at a price target of $5.
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 UP Fintech Holding with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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