Smart Money Is Betting Big In CART Options

Whales with a lot of money to spend have taken a noticeably bearish stance on Maplebear.

Looking at options history for Maplebear CART we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $118,271 and 7, calls, for a total amount of $297,598.

Latest Startup Investment Opportunities:

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $44.0 for Maplebear over the recent three months.

Volume & Open Interest Trends

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 $30.0 to $44.0 in the last 30 days.

Maplebear 30-Day Option Volume & Interest Snapshot

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.

In light of the recent options history for Maplebear, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Maplebear Standing Right Now?

• Trading volume stands at 2,177,409, with CART's price up by 1.55%, positioned at $37.95.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 51 days.

Expert Opinions on Maplebear

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $43.8.

• An analyst from Piper Sandler persists with their Overweight rating on Maplebear, maintaining a target price of $45.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Maplebear, targeting a price of $45.
• An analyst from Macquarie has decided to maintain their Outperform rating on Maplebear, which currently sits at a price target of $42.
• In a positive move, an analyst from Bernstein has upgraded their rating to Outperform and adjusted the price target to $43.
• Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Maplebear with a target price of $44.

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.