Investors with a lot of money to spend have taken a bullish stance on HubSpot (NYSE:HUBS).
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 HUBS, 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 8 uncommon options trades for HubSpot.
This isn’t normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $284,265, and 3 are calls, for a total amount of $86,004.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $570.0 to $650.0 for HubSpot over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in HubSpot’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to HubSpot’s substantial trades, within a strike price spectrum from $570.0 to $650.0 over the preceding 30 days.
HubSpot Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | SWEEP | BULLISH | 06/21/24 | $18.0 | $13.7 | $13.7 | $570.00 | $87.6K | 185 | 89 |
| HUBS | PUT | SWEEP | BEARISH | 06/21/24 | $32.4 | $27.8 | $32.4 | $610.00 | $58.3K | 79 | 18 |
| HUBS | PUT | TRADE | BEARISH | 06/21/24 | $55.0 | $51.3 | $55.0 | $650.00 | $55.0K | 95 | 10 |
| HUBS | PUT | SWEEP | BULLISH | 06/21/24 | $18.9 | $14.2 | $14.2 | $570.00 | $48.2K | 185 | 123 |
| HUBS | PUT | SWEEP | BULLISH | 06/21/24 | $18.0 | $12.2 | $14.0 | $570.00 | $35.0K | 185 | 7 |
About HubSpot
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot’s mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
