Maplebear's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Maplebear. Our analysis of options history for Maplebear CART revealed 8 unusual trades.

Delving into the details, we found 12% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $199,200, and 3 were calls, valued at $272,000.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $50.0 for Maplebear over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Maplebear's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Maplebear's substantial trades, within a strike price spectrum from $45.0 to $50.0 over the preceding 30 days.

Maplebear Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Maplebear

Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart's ubiquitous platform. Once an item is ordered through Instacart's site, the item is picked and delivered to the customer's home by one of the platform's 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform's high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has around 8 million monthly active users (or orderers) on its platform.

Following our analysis of the options activities associated with Maplebear, we pivot to a closer look at the company's own performance.

Where Is Maplebear Standing Right Now?

• With a trading volume of 5,993,897, the price of CART is up by 4.31%, reaching $47.17.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 92 days from now.

Expert Opinions on Maplebear

In the last month, 5 experts released ratings on this stock with an average target price of $54.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Stifel has decided to maintain their Buy rating on Maplebear, which currently sits at a price target of $54. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Maplebear, targeting a price of $44. * An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $55. * An analyst from Needham downgraded its action to Buy with a price target of $56. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Maplebear, targeting a price of $61.

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.