Maplebear Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Maplebear CART, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CART usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Maplebear. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 69% leaning bullish and 30% bearish. Among these notable options, 4 are puts, totaling $331,367, and 9 are calls, amounting to $501,550.

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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 $24.0 and $31.0 for Maplebear, spanning the last three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Maplebear'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 Maplebear's whale trades within a strike price range from $24.0 to $31.0 in the last 30 days.

Maplebear Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Maplebear

Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada. Instacart partners with local and national grocers who provide their selection of food and other goods to customers through Instacart's mobile app or website. After a customer places an order, an independent personal shopper employed by Instacart will pick the order and either prepare it for pickup or deliver it to the customer's chosen location. Instacart's revenue model consists of transaction revenue in the form of retailer and customer fees, as well as advertising revenue from brand advertising on Instacart platforms.

After a thorough review of the options trading surrounding Maplebear, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Maplebear

• With a trading volume of 4,736,527, the price of CART is down by -1.75%, reaching $25.77.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 99 days from now.

What The Experts Say On Maplebear

In the last month, 3 experts released ratings on this stock with an average target price of $33.666666666666664.

• An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $28.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Maplebear, targeting a price of $41.
• An analyst from Benchmark downgraded its action to Buy with a price target of $32.

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 Maplebear with Benzinga Pro for real-time alerts.