Deep-pocketed investors have adopted a bearish approach towards Upstart Hldgs UPST, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UPST usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Upstart Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 4 are puts, totaling $155,535, and 4 are calls, amounting to $142,325.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $29.0 to $45.0 for Upstart Hldgs during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Upstart Hldgs options trades today is 1056.4 with a total volume of 2,378.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Upstart Hldgs's big money trades within a strike price range of $29.0 to $45.0 over the last 30 days.
Upstart Hldgs Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPST | PUT | TRADE | BULLISH | 02/16/24 | $30.00 | $50.3K | 2.7K | 210 |
| UPST | CALL | SWEEP | BEARISH | 01/19/24 | $29.00 | $38.6K | 0 | 250 |
| UPST | PUT | SWEEP | BEARISH | 02/16/24 | $30.00 | $38.4K | 2.7K | 313 |
| UPST | PUT | SWEEP | NEUTRAL | 01/19/24 | $32.00 | $36.7K | 646 | 328 |
| UPST | CALL | SWEEP | BULLISH | 01/19/24 | $29.00 | $35.8K | 0 | 638 |
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. The revenue of the company comprised of fees paid by banks.
Following our analysis of the options activities associated with Upstart Hldgs, we pivot to a closer look at the company's own performance.
Present Market Standing of Upstart Hldgs
- Trading volume stands at 319,582, with UPST's price down by -2.85%, positioned at $31.04.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 28 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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