Benzinga | Dec 22, 2021 11:42AM 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 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $117,340 and 8, calls, for a total amount of $310,375.

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 $220.0 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 665.33 with a total volume of 1,997.00.

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 $220.0 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 12/31/ $150.00 $76.6K 786 180 21UPST PUT TRADE NEUTRAL 01/21/ $220.00 $75.6K 1.0K 16 22UPST CALL SWEEP BULLISH 01/21/ $150.00 $41.8K 935 336 22UPST PUT SWEEP BULLISH 02/18/ $180.00 $41.6K 142 10 22UPST CALL TRADE BEARISH 12/31/ $160.00 $40.0K 1.0K 188 21

Where Is Upstart Holdings Standing Right Now?

* With a volume of 2,007,964, the price of UPST is down -0.9% at $148.14.

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

* Next earnings are expected to be released in 84 days.

What The Experts Say On Upstart Holdings:

* Morgan Stanley downgraded its action to Equal-Weight with a price target of $200

* Wedbush downgraded its action to Neutral with a price target of $160

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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