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Upstart Hldgs Unusual Options Activity For March 06
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Upstart Hldgs Unusual Options Activity For March 06
Mar 6, 2024 9:11 AM

Whales with a lot of money to spend have taken a noticeably bullish stance on Upstart Hldgs ( UPST ).

Looking at options history for Upstart Hldgs ( UPST ) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $191,383 and 3, calls, for a total amount of $102,835.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $27.5 and $60.0 for Upstart Hldgs ( UPST ), spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Upstart Hldgs ( UPST ) options trades today is 412.6 with a total volume of 23,775.00.

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 ( UPST ) big money trades within a strike price range of $27.5 to $60.0 over the last 30 days.

Upstart Hldgs 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPST CALL SWEEP BEARISH 07/19/24 $35.00 $45.1K 435 206
UPST PUT SWEEP BULLISH 03/28/24 $33.00 $44.2K 11 50
UPST PUT TRADE BEARISH 03/28/24 $33.00 $38.5K 11 150
UPST PUT SWEEP NEUTRAL 03/28/24 $33.00 $37.4K 11 200
UPST PUT SWEEP BULLISH 03/28/24 $33.00 $36.7K 11 100

About Upstart Hldgs

Upstart Holdings Inc ( UPST ) 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.

Having examined the options trading patterns of Upstart Hldgs ( UPST ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Upstart Hldgs

Currently trading with a volume of 3,049,883, the UPST's price is up by 2.7%, now at $25.07.

RSI readings suggest the stock is currently may be approaching oversold.

Anticipated earnings release is in 62 days.

What Analysts Are Saying About Upstart Hldgs

In the last month, 2 experts released ratings on this stock with an average target price of $26.0.

Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Upstart Hldgs ( UPST ), targeting a price of $28.

An analyst from JP Morgan persists with their Underweight rating on Upstart Hldgs ( UPST ), maintaining a target price of $24.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Upstart Hldgs ( UPST ) with Benzinga Pro for real-time alerts.

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