Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Upstart Holdings Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Upstart Holdings (NASDAQ: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 46 uncommon options trades for Upstart Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 22 are puts, for a total amount of $1,771,866, and 24 are calls, for a total amount of $1,321,191.

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 $40.0 to $300.0 for Upstart Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Upstart Holdings's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Upstart Holdings's whale activity within a strike price range from $40.0 to $300.0 in the last 30 days.

Upstart Holdings 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 CALL TRADE BEARISH 01/20/23 $50.00 $376.0K 296 10
UPST PUT SWEEP BULLISH 03/25/22 $115.00 $277.4K 97 207
UPST PUT TRADE BULLISH 01/19/24 $300.00 $205.3K 165 20
UPST PUT TRADE BULLISH 01/19/24 $300.00 $205.2K 165 10
UPST PUT TRADE BULLISH 01/19/24 $300.00 $200.1K 165 23

Where Is Upstart Holdings Standing Right Now?

  • With a volume of 9,608,136, the price of UPST is up 10.69% at $124.44.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 75 days.

What The Experts Say On Upstart Holdings:

  • B of A Securities upgraded its action to Buy with a price target of $255
  • JMP Securities has decided to maintain their Market Outperform rating on Upstart Holdings, which currently sits at a price target of $245.
  • Piper Sandler has decided to maintain their Overweight rating on Upstart Holdings, which currently sits at a price target of $230.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.