Financial giants have made a conspicuous bullish move on GitLab. Our analysis of options history for GitLab GTLB revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $619,716, and 4 were calls, valued at $342,850.
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 $50.0 to $70.0 for GitLab during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of GitLab stands at 176.25, with a total volume reaching 2,697.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in GitLab, situated within the strike price corridor from $50.0 to $70.0, throughout the last 30 days.
GitLab 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GTLB | PUT | TRADE | BEARISH | 01/16/26 | $10.3 | $7.2 | $9.9 | $62.50 | $396.0K | 0 | 400 |
| GTLB | PUT | SWEEP | NEUTRAL | 12/13/24 | $3.4 | $2.25 | $2.9 | $67.00 | $145.0K | 562 | 522 |
| GTLB | CALL | SWEEP | BULLISH | 01/03/25 | $2.35 | $1.85 | $2.28 | $67.00 | $105.6K | 69 | 450 |
| GTLB | CALL | SWEEP | BEARISH | 06/20/25 | $8.5 | $8.3 | $8.3 | $70.00 | $100.4K | 251 | 136 |
| GTLB | CALL | SWEEP | BULLISH | 12/20/24 | $1.3 | $1.1 | $1.25 | $64.00 | $100.1K | 75 | 822 |
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.
In light of the recent options history for GitLab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
GitLab's Current Market Status
- With a trading volume of 3,348,787, the price of GTLB is down by -7.67%, reaching $61.61.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 83 days from now.
Expert Opinions on GitLab
5 market experts have recently issued ratings for this stock, with a consensus target price of $79.4.
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 Keybanc persists with their Overweight rating on GitLab, maintaining a target price of $80. * Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on GitLab with a target price of $80. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for GitLab, targeting a price of $80. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for GitLab, targeting a price of $77. * An analyst from Scotiabank persists with their Sector Outperform rating on GitLab, maintaining a target price of $80.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for GitLab, Benzinga Pro gives you real-time options trades alerts.
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