A whale with a lot of money to spend has taken a noticeably bearish stance on ChargePoint Hldgs.
Looking at options history for ChargePoint Hldgs CHPT we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $165,418 and 7, calls, for a total amount of $267,458.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $10.0 for ChargePoint Hldgs over the last 3 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 ChargePoint 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 ChargePoint Hldgs's whale activity within a strike price range from $5.0 to $10.0 in the last 30 days.
ChargePoint Hldgs Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CHPT | PUT | SWEEP | BEARISH | 02/16/24 | $10.00 | $80.8K | 4 | 277 |
| CHPT | CALL | SWEEP | BEARISH | 01/17/25 | $8.00 | $76.5K | 4.4K | 443 |
| CHPT | PUT | SWEEP | BEARISH | 02/16/24 | $10.00 | $52.9K | 4 | 451 |
| CHPT | CALL | SWEEP | BULLISH | 01/19/24 | $8.00 | $38.7K | 1.7K | 7 |
| CHPT | CALL | TRADE | BULLISH | 01/17/25 | $5.00 | $37.5K | 1.6K | 105 |
Where Is ChargePoint Hldgs Standing Right Now?
- With a volume of 14,102,029, the price of CHPT is up 6.23% at $8.36.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 62 days.
What The Experts Say On ChargePoint Hldgs:
- Citigroup has decided to maintain their Neutral rating on ChargePoint Hldgs, which currently sits at a price target of $10.
- Needham has decided to maintain their Buy rating on ChargePoint Hldgs, which currently sits at a price target of $13.
- B of A Securities upgraded its action to Buy with a price target of $14
- Oppenheimer has decided to maintain their Outperform rating on ChargePoint Hldgs, which currently sits at a price target of $27.
- DA Davidson has decided to maintain their Buy rating on ChargePoint Hldgs, which currently sits at a price target of $15.
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 ChargePoint Hldgs, Benzinga Pro gives you real-time options trades alerts.
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