Unpacking the Latest Options Trading Trends in Upstart Hldgs

Deep-pocketed investors have adopted a bearish approach towards Upstart Hldgs UPST, 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 UPST usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Upstart Hldgs. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 38% leaning bullish and 44% bearish. Among these notable options, 6 are puts, totaling $329,474, and 12 are calls, amounting to $507,087.

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 $21.0 and $35.0 for Upstart Hldgs, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Upstart Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Upstart Hldgs's substantial trades, within a strike price spectrum from $21.0 to $35.0 over the preceding 30 days.

Upstart Hldgs 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UPST PUT SWEEP NEUTRAL 01/17/25 $14.7 $14.6 $14.61 $35.00 $93.4K 1.6K 0
UPST CALL TRADE BEARISH 01/16/26 $11.1 $10.25 $10.25 $25.00 $80.9K 820 5
UPST PUT TRADE BULLISH 07/19/24 $8.35 $8.25 $8.25 $30.00 $75.0K 776 17
UPST CALL SWEEP BULLISH 10/18/24 $6.45 $6.3 $6.45 $22.50 $65.1K 146 113
UPST CALL SWEEP BEARISH 05/10/24 $3.5 $3.45 $3.45 $22.00 $56.5K 809 165

About Upstart Hldgs

Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.

Where Is Upstart Hldgs Standing Right Now?

  • With a volume of 2,489,621, the price of UPST is up 0.89% at $23.72.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 4 days.

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 Upstart Hldgs options trades with real-time alerts from Benzinga Pro.

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Posted In: OptionsMarketsBZI-UOA
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