20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Financial giants have made a conspicuous bullish move on Upstart Hldgs. Our analysis of options history for Upstart Hldgs (NASDAQ:UPST) revealed 14 unusual trades.
Delving into the details, we found 57% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $747,867, and 5 were calls, valued at $246,225.
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 $10.0 to $45.0 for Upstart Hldgs during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Upstart Hldgs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Upstart Hldgs's whale activity within a strike price range from $10.0 to $45.0 in the last 30 days.
Upstart Hldgs 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPST | PUT | SWEEP | BULLISH | 01/19/24 | $35.00 | $248.1K | 7.7K | 2 |
| UPST | PUT | SWEEP | BULLISH | 03/15/24 | $32.50 | $131.3K | 731 | 299 |
| UPST | PUT | TRADE | BULLISH | 01/19/24 | $42.50 | $96.9K | 3.0K | 2 |
| UPST | CALL | SWEEP | BEARISH | 01/19/24 | $30.00 | $82.0K | 11.5K | 202 |
| UPST | PUT | SWEEP | BULLISH | 02/16/24 | $32.50 | $81.0K | 2.5K | 317 |
About Upstart Hldgs
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company comprised of fees paid by banks.
Having examined the options trading patterns of Upstart Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Upstart Hldgs
- Currently trading with a volume of 4,139,589, the UPST's price is up by 1.17%, now at $33.62.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 32 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 Upstart Hldgs options trades with real-time alerts from Benzinga Pro.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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