27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bullish stance on HubSpot (NYSE: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 these are institutions or just wealthy individuals, we don't know. But when something this big happens with HUBS, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for HubSpot.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $477,034, and 11 are calls, for a total amount of $524,282.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $500.0 to $710.0 for HubSpot over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in HubSpot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to HubSpot's substantial trades, within a strike price spectrum from $500.0 to $710.0 over the preceding 30 days.
HubSpot 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | SWEEP | BEARISH | 04/19/24 | $32.4 | $32.3 | $32.4 | $660.00 | $414.7K | 154 | 2 |
| HUBS | CALL | TRADE | BEARISH | 05/17/24 | $49.1 | $45.7 | $45.7 | $650.00 | $91.4K | 2.0K | 2 |
| HUBS | CALL | SWEEP | BEARISH | 05/17/24 | $18.0 | $17.9 | $17.9 | $710.00 | $89.2K | 28 | 59 |
| HUBS | CALL | TRADE | BULLISH | 05/17/24 | $32.0 | $29.1 | $32.0 | $650.00 | $80.0K | 2.0K | 80 |
| HUBS | CALL | TRADE | BEARISH | 04/19/24 | $153.0 | $146.0 | $146.0 | $500.00 | $43.8K | 9 | 3 |
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.
After a thorough review of the options trading surrounding HubSpot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of HubSpot
- With a volume of 442,520, the price of HUBS is down -2.58% at $632.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 12 days.
Expert Opinions on HubSpot
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $679.0.
- An analyst from Canaccord Genuity persists with their Buy rating on HubSpot, maintaining a target price of $750.
- An analyst from Piper Sandler persists with their Overweight rating on HubSpot, maintaining a target price of $675.
- An analyst from Scotiabank has decided to maintain their Sector Outperform rating on HubSpot, which currently sits at a price target of $700.
- An analyst from Keybanc has revised its rating downward to Underweight, adjusting the price target to $520.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on HubSpot with a target price of $750.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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