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What Are Whales Doing With Upstart Hldgs

Someone with a lot of money to spend has taken a bearish stance on Upstart Hldgs UPST.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with UPST, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 13 uncommon options trades for Upstart Hldgs.

This isn’t normal.

The overall sentiment of these big-money traders is split between 15% bullish and 84%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $2,455,397, and 8 are calls, for a total amount of $306,356.

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 $12.5 to $350.0 for Upstart Hldgs over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Upstart Hldgs options trades today is 474.89 with a total volume of 8,611.00.

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 $12.5 to $350.0 over the last 30 days.

Upstart 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
UPST PUT SWEEP BEARISH 09/23/22 $27.00 $2.3M 247 4.1K
UPST CALL SWEEP BULLISH 09/23/22 $20.00 $68.4K 61 563
UPST CALL SWEEP BEARISH 06/16/23 $22.50 $51.8K 1.0K 497
UPST PUT SWEEP BEARISH 12/16/22 $12.50 $50.1K 630 411
UPST CALL SWEEP BEARISH 06/16/23 $22.50 $48.7K 1.0K 638
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPST PUT SWEEP BEARISH 09/23/22 $27.00 $2.3M 247 4.1K
UPST CALL SWEEP BULLISH 09/23/22 $20.00 $68.4K 61 563
UPST CALL SWEEP BEARISH 06/16/23 $22.50 $51.8K 1.0K 497
UPST PUT SWEEP BEARISH 12/16/22 $12.50 $50.1K 630 411
UPST CALL SWEEP BEARISH 06/16/23 $22.50 $48.7K 1.0K 638

Where Is Upstart Hldgs Standing Right Now?

  • With a volume of 4,439,149, the price of UPST is down -6.86% at $21.3.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 47 days.

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 Upstart Hldgs, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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