A tectonic shift is underway in the realm of options trading as deep-pocketed investors take a bearish stance on the famed HubSpot HUBS.
Everyday investors, take heed.
This revelation came to light when monumental positions surfaced in the publicly available options history, meticulously tracked here at Benzinga.
The question of whether these moves originate from institutions or affluent individuals remains shrouded in mystery. However, when a seismic event of this magnitude ripples through HUBS, it often signals an impending storm.
Today, our options scanner intercepted 21 distinctive options trades revolving around HubSpot.
This is no ordinary occurrence.
The prevailing sentiment among these colossal market players leans heavily towards the bearish end, with a ratio of 19% taking a bullish outlook and a staggering 80% opting for bearish bets.
Of the array of options unearthed, a lone put contract caught our attention, boasting a hefty value of $59,940, alongside a remarkable 20 call contracts amounting to a whopping $1,413,817.
Evaluating Price Projections
Following an in-depth analysis of the trading volumes and Open Interest, it becomes apparent that the major market whales are honing in on a price range stretching from $620.0 to $660.0 for HubSpot, spanning the last three months.
Insights from Volume & Open Interest Trends
Delving into the volume and open interest dynamics emerges as a perceptive strategy to conduct thorough due diligence on a stock.
This data serves as a compass for tracking liquidity and interest surrounding HubSpot’s options within a specific strike price range.
Below, we witness the evolutionary path of call and put volumes and open interest for all of HubSpot’s whale activity within a strike price spectrum from $620.0 to $660.0 over the past 30 days.
HubSpot’s Options Activity Over the Past Month
Key Options Trades Identified:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $175.0K | 112 | 1.2K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $172.0K | 112 | 1.0K |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $114.8K | 112 | 421 |
| HUBS | CALL | SWEEP | BULLISH | 04/19/24 | $640.00 | $100.6K | 112 | 926 |
| HUBS | CALL | SWEEP | BEARISH | 04/19/24 | $640.00 | $95.9K | 112 | 495 |
Getting to Know HubSpot
HubSpot stands as a beacon in the tech landscape with its cloud-based marketing, sales, and customer service software platform, famously known as the growth platform. This offering is customizable, providing a flexible approach for users. Originating in 2006, HubSpot’s journey from inception to IPO (2014) has been marked by relentless expansion and innovation. The company operates out of its headquarters nestled in Cambridge, Massachusetts.
After dissecting the intricate dance of options trading surrounding HubSpot, the narrative shifts towards an introspection of the company itself. This pivot enables a deeper dive into its current stance in the market and its performance trajectory.
HubSpot’s Current Market Position
- With a trading volume of 365,284, HUBS boasts a modest 0.2% uptick at $621.75.
- RSI indicators hint at a potential overbought scenario looming in the background.
- The countdown begins for the next earnings reveal, with 40 days remaining.
Expert Analyst Opinions on HubSpot
In the past 30 days, a total of 1 seasoned analyst has weighed in on this stock, offering an average price target of $520.0.
- In a reflective move, an analyst from Keybanc reevaluates their stance, downgrading to Underweight and setting a revised price target of $520.
Trading options is a high-stakes game, laced with potential rewards. Astute traders navigate this complex terrain through continual learning, strategic adaptations, indicator utilization, and a keen awareness of market dynamics. Stay updated on the latest HubSpot options maneuvers with Benzinga Pro for real-time alerts.