Upstart Hldgs's Options: A Look at What the Big Money is Thinking

High-rolling investors have positioned themselves bullish on Upstart Hldgs (NASDAQ:UPST), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in UPST often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for Upstart Hldgs. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $28,050, and 9 calls, totaling $410,720.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.5 to $30.0 for Upstart Hldgs over the recent three 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 Upstart Hldgs'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 Upstart Hldgs's whale activity within a strike price range from $12.5 to $30.0 in the last 30 days.

Upstart Hldgs Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UPST CALL TRADE BULLISH 07/19/24 $15.0 $14.75 $15.0 $12.50 $105.0K 247 0
UPST CALL SWEEP BEARISH 07/19/24 $0.89 $0.85 $0.89 $28.00 $69.8K 4.2K 1.0K
UPST CALL TRADE BULLISH 12/20/24 $9.1 $9.1 $9.1 $20.00 $54.6K 1.5K 1
UPST CALL SWEEP BULLISH 07/19/24 $0.44 $0.44 $0.44 $30.00 $35.2K 8.5K 4.0K
UPST CALL TRADE BEARISH 09/20/24 $3.4 $3.35 $3.35 $30.00 $33.5K 7.2K 64

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.

After a thorough review of the options trading surrounding Upstart Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Upstart Hldgs

  • With a volume of 3,804,728, the price of UPST is down -0.22% at $26.86.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 25 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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