What the Options Market Tells Us About Maplebear

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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 17 trades.

If we consider the specifics of each trade, it is accurate to state that 17% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $193,205 and 12, calls, for a total amount of $1,571,704.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $34.0 to $40.5 for Maplebear over the recent three months.

Volume & Open Interest Trends

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 $34.0 to $40.5 in the last 30 days.

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Maplebear Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CART CALL TRADE BEARISH 07/19/24 $5.0 $4.8 $4.7 $35.00 $235.0K 6.1K 1.0K
CART CALL TRADE BULLISH 07/19/24 $4.9 $4.3 $4.7 $35.00 $235.0K 6.1K 500
CART CALL TRADE BEARISH 07/19/24 $5.0 $4.7 $4.7 $35.00 $235.0K 6.1K 0
CART CALL TRADE BEARISH 07/19/24 $4.6 $4.4 $4.4 $35.00 $220.0K 6.1K 2.5K
CART CALL TRADE BEARISH 07/19/24 $4.7 $4.5 $4.4 $35.00 $220.0K 6.1K 1.5K

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.

Having examined the options trading patterns of Maplebear, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Maplebear

  • With a volume of 4,033,465, the price of CART is down -0.24% at $37.43.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

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 Maplebear, Benzinga Pro gives you real-time options trades alerts.

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Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
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