Looking At Maplebear's Recent Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Maplebear CART.

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 CART, 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 37 uncommon options trades for Maplebear.

This isn't normal.

The overall sentiment of these big-money traders is split between 78% bullish and 21%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $356,189, and 34 are calls, for a total amount of $3,588,996.

Latest Startup Investment Opportunities:

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 $30.0 to $36.0 for Maplebear over the last 3 months.

Volume & Open Interest Development

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 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 activity within a strike price range from $30.0 to $36.0 in the last 30 days.

Maplebear Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Present Market Standing of Maplebear

• With a trading volume of 1,668,902, the price of CART is up by 1.15%, reaching $31.58.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 86 days from now.

What The Experts Say On Maplebear

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $41.0.

• An analyst from Barclays has decided to maintain their Overweight rating on Maplebear, which currently sits at a price target of $41.

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 Maplebear options trades with real-time alerts from Benzinga Pro.