Upstart Holdings' Stock Surge: Analyzing Recent Options Trading and Market Performance

Unpacking the Latest Options Trading Trends in Upstart Hldgs - Upstart Hldgs (NASDAQ:UPST)

Investors with a lot of money to spend have taken a bearish stance on Upstart Hldgs UPST. And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, 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 these investors just did? Today, Benzinga's options scanner spotted 22 uncommon options trades for Upstart Hldgs. This isn't normal. The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish. Out of all of the special options we uncovered, 4 are puts, for a total amount of $202,413, and 18 are calls, for a total amount of $795,669. Projected Price Targets After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $50.0 for Upstart Hldgs, spanning the last three months. Volume & Open Interest Trends In terms of liquidity and interest, the mean open interest for Upstart Hldgs options trades today is 1244.87 with a total volume of 3,823.00. 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 $15.0 to $50.0 over the last 30 days. Upstart Hldgs Option Activity Analysis: Last 30 DaysBiggest Options Spotted: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. Present Market Standing of Upstart Hldgs With a volume of 4,773,843, the price of UPST is up 2.08% at $30.58. RSI indicators hint that the underlying stock may be overbought. Next earnings are expected to be released in 21 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. Market News and Data brought to you by Benzinga APIs

Upstart (UPST) Moves 10.5% Higher: Will This Strength Last?

Upstart Holdings, Inc. UPST shares ended the last trading session 10.5% higher at $29.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 21.1% gain over the past four weeks. Upstart extended its rally, driven by growing partner network. The company's artificial intelligence (AI)-based lending platform has been selected by several banks and credit unions which is contributing well to the company's top line. Investors seems to be also very optimistic about recent launches across Upstart's product portfolio powered by generative AI and machine learning which might favor the company's performance in the long-run. This company is expected to post quarterly loss of $0.39 per share in its upcoming report, which represents a year-over-year change of -750%. Revenues are expected to be $125.16 million, down 7.8% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Upstart, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on UPST going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Upstart is part of the Zacks Computers - IT Services industry. Evolv Technologies Holdings, Inc. EVLV, another stock in the same industry, closed the last trading session 9.8% higher at $3.14. EVLV has returned 22.2% in the past month. For Evolv Technologies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.13. This represents a change of -30% from what the company reported a year ago. Evolv Technologies currently has a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Evolv Technologies Holdings, Inc. (EVLV) : Free Stock Analysis Report The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.