UiPath's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bullish approach towards UiPath PATH, 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 PATH usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for UiPath. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 63% leaning bullish and 36% bearish. Among these notable options, 4 are puts, totaling $159,760, and 7 are calls, amounting to $399,584.

Latest Startup Investment Opportunities:

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 $17.5 and $30.0 for UiPath, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UiPath's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UiPath's significant trades, within a strike price range of $17.5 to $30.0, over the past month.

UiPath Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About UiPath

UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, and professional services. It generates a majority of its revenues from the US, followed by Romania.

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

UiPath's Current Market Status

• With a volume of 3,201,301, the price of PATH is down -0.55% at $23.55.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 14 days.

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 UiPath with Benzinga Pro for real-time alerts.