Deep-pocketed investors are casting a shadow of doubt over Upstart Hldgs UPST.
And the small retail trader ought to sit up and take notice.
Today, a significant bearish undertone was unveiled through our examination of publicly available options data for Upstart Hldgs.
Whether these traders are institutional giants or wealthy individuals remains a mystery. However, such substantial movements in UPST often hint at insider knowledge or impending market shifts.
Our scrutiny revealed 8 noteworthy options trades involving Upstart Hldgs today.
This deviates from the norm.
The prevailing sentiment among these monied traders is noticeably divided, with 12% leaning towards bullish sentiments and a resounding 87% adopting a bearish stance.
Amongst the discovered options, a single put trade amounting to $29,325 stood against 7 call trades totaling $245,392.
The Envisioned Stock Price Spectrum
Scrutinizing the trading volumes and open interest within these contracts suggests a strategic window targeting Upstart Hldgs’ stock price to fluctuate between $15.0 and $37.5, as per the observed trends of the past quarter.
Deciphering Trading Volumes and Open Interest
In the current trade landscape, the average open interest for Upstart Hldgs options stands at 994.57, while the collective volume amounts to 1,937.00. The chart accompanying this piece illustrates the evolution of both call and put option volumes and open interest for substantial trades involving Upstart Hldgs within the strike price band of $15.0 to $37.5 across the last 30 days.
Analyzing Upstart Hldgs’ Recent Options Activity: 30-Day Outlook
Noteworthy Options Transactions Identified:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPST | CALL | TRADE | BEARISH | 08/02/24 | $1.68 | $1.64 | $1.64 | $28.00 | $65.6K | 649 | 446 |
| UPST | CALL | TRADE | BEARISH | 08/30/24 | $2.86 | $1.97 | $1.97 | $32.00 | $39.4K | 284 | 200 |
| UPST | CALL | TRADE | BEARISH | 01/17/25 | $14.95 | $14.0 | $14.0 | $15.00 | $33.6K | 4.8K | 70 |
| UPST | PUT | SWEEP | BEARISH | 12/20/24 | $12.8 | $12.65 | $12.75 | $37.50 | $29.3K | 138 | 24 |
| UPST | CALL | SWEEP | BEARISH | 08/02/24 | $1.48 | $1.43 | $1.43 | $28.00 | $28.7K | 649 | 671 |
About Upstart Hldgs
Upstart Holdings Inc renders credit services, boasting a proprietary AI lending platform hosted on the cloud. This platform aligns consumer loan demands with a network of AI-endowed banking partners. Services under Upstart’s umbrella range from personal loans to automotive retail financing, home equity lines of credit, and small-dollar loans.
Following a meticulous examination of the options movements surrounding Upstart Hldgs, a deeper dive is imperative to understand the company’s ongoing performance and market relevance.
Current Market Position of Upstart Hldgs
- UPST’s trading volume hits 1,881,192 with a modest 0.14% increase, pegging the price at $27.69.
- Indications from RSI point towards a potential overbought status for the stock.
- The next earnings report is slated for release in a fortnight.
Options trading is a realm of heightened risks and rewards. Seasoned traders navigate these waters by immersing themselves in continuous learning, adapting strategies dynamically, tracking various metrics, and closely following market trends. Keep abreast of the latest Upstart Hldgs options insights through real-time alerts on Benzinga Pro.