Deep-pocketed investors have adopted a bearish approach towards Nu Holdings NU, 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 NU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Nu Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 4 are puts, totaling $786,880, and 4 are calls, amounting to $717,576.
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 $9.0 and $12.0 for Nu Holdings, spanning the last three months.
Volume & Open Interest Trends
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 Nu Holdings'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 Nu Holdings's whale activity within a strike price range from $9.0 to $12.0 in the last 30 days.
Nu Holdings Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NU | PUT | TRADE | BEARISH | 02/23/24 | $9.50 | $325.0K | 528 | 44.4K |
| NU | PUT | TRADE | BEARISH | 02/23/24 | $9.50 | $324.0K | 528 | 21.7K |
| NU | CALL | SWEEP | BULLISH | 01/17/25 | $12.00 | $262.6K | 17.5K | 2.3K |
| NU | CALL | TRADE | BEARISH | 02/23/24 | $11.00 | $238.3K | 1.3K | 44.5K |
| NU | CALL | TRADE | BEARISH | 02/23/24 | $11.00 | $176.9K | 1.3K | 60.6K |
About Nu Holdings
Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.
Following our analysis of the options activities associated with Nu Holdings, we pivot to a closer look at the company's own performance.
Present Market Standing of Nu Holdings
- With a volume of 19,880,523, the price of NU is down -1.64% at $10.19.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
Professional Analyst Ratings for Nu Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $11.5.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Nu Holdings, targeting a price of $11.
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 Nu Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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