Benzinga's options scanner just detected over 12 options trades for UiPath PATH summing a total amount of $334,809.
At the same time, our algo caught 10 for a total amount of 316,569.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $24.0 for UiPath, 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 UiPath's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to UiPath's substantial trades, within a strike price spectrum from $20.0 to $24.0 over the preceding 30 days.
UiPath Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PATH | CALL | SWEEP | BULLISH | 08/16/24 | $1.3 | $1.29 | $1.3 | $22.00 | $49.1K | 1.5K | 205 |
| PATH | PUT | SWEEP | BULLISH | 08/16/24 | $2.08 | $2.05 | $2.06 | $20.00 | $37.2K | 2.5K | 1.0K |
| PATH | PUT | SWEEP | BULLISH | 08/16/24 | $2.08 | $2.06 | $2.06 | $20.00 | $35.4K | 2.5K | 615 |
| PATH | PUT | SWEEP | BULLISH | 08/16/24 | $4.8 | $4.7 | $4.7 | $24.00 | $34.7K | 1.1K | 43 |
| PATH | PUT | SWEEP | BULLISH | 08/16/24 | $2.08 | $2.06 | $2.06 | $20.00 | $33.7K | 2.5K | 139 |
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, the right to access certain software products it hosts (i.e., SaaS) and professional services. It generates a majority of its revenues from the Americas followed by Europe, Middle East, and Africa and Asia-Pacific.
Having examined the options trading patterns of UiPath, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
UiPath's Current Market Status
- With a trading volume of 2,098,469, the price of PATH is down by -1.42%, reaching $19.73.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 14 days from now.
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 UiPath, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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