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Upstart Hldgs Unusual Options Activity For March 21

Author: Benzinga Insights | March 21, 2024 12:17pm

Deep-pocketed investors have adopted a bullish approach towards Upstart Hldgs (NASDAQ: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 11 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 54% leaning bullish and 45% bearish. Among these notable options, 3 are puts, totaling $98,423, and 8 are calls, amounting to $326,650.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $75.0 for Upstart Hldgs, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Upstart Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Upstart Hldgs's significant trades, within a strike price range of $20.0 to $75.0, over the past month.

Upstart Hldgs 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPST CALL TRADE BEARISH 07/19/24 $27.50 $57.3K 272 3
UPST CALL SWEEP BULLISH 06/21/24 $27.50 $51.0K 1.2K 116
UPST CALL TRADE BULLISH 10/18/24 $20.00 $44.2K 1 60
UPST CALL SWEEP BULLISH 12/19/25 $37.50 $43.4K 193 43
UPST PUT SWEEP BULLISH 05/17/24 $32.50 $38.4K 306 56

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. Upstart's platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.

Where Is Upstart Hldgs Standing Right Now?

  • Trading volume stands at 3,953,277, with UPST's price up by 1.69%, positioned at $27.01.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 47 days.

What Analysts Are Saying About Upstart Hldgs

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $28.0.

  • Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Upstart Hldgs with a target price of $28.

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.

Posted In: UPST

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