Benzinga | Nov 30, 2021 04:11PM EST

This Is What Whales Are Betting On Upstart Holdings

A whale with a lot of money to spend has taken a noticeably bearish stance on Upstart Holdings.

Looking at options history for Upstart Holdings (NASDAQ:UPST) we detected 21 strange trades.

If we consider the specifics of each trade, it is accurate to state that 9.52% of the investors opened trades with bullish expectations and 90.48% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $386,399.00 and 12, calls, for a total amount of $547,221.00.

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 $100.0 to $350.0 for Upstart Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Upstart Holdings options trades today is 448.19 with a total volume of 4,115.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Upstart Holdings's big money trades within a strike price range of $100.0 to $350.0 over the last 30 days.

Upstart Holdings Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestUPST CALL TRADE BEARISH 01/20/ $100.00 $120.0K 499 11 23UPST PUT SWEEP BEARISH 12/31/ $180.00 $85.0K 47 5 21UPST CALL TRADE BEARISH 04/14/ $250.00 $63.0K 410 40 22UPST PUT TRADE NEUTRAL 12/03/ $200.00 $50.5K 438 611 21UPST CALL SWEEP BEARISH 01/19/ $200.00 $50.5K 272 5 24

Where Is Upstart Holdings Standing Right Now?

* With a volume of 2,083,366.00, the price of UPST is down -1.23% at $206.84.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 107 days.

What The Experts Say On Upstart Holdings:

* JMP Securities has decided to maintain their Market Outperform rating on Upstart Holdings, which currently sits at a price target of $315.0.

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.

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