Investors with a lot of money to spend have taken a bearish 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 20 uncommon options trades for HubSpot.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 65%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $709,372, and 9 are calls, for a total amount of $376,458.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $500.0 to $760.0 for HubSpot during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for HubSpot's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of HubSpot's whale trades within a strike price range from $500.0 to $760.0 in the last 30 days.
HubSpot Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | PUT | TRADE | BEARISH | 07/19/24 | $31.8 | $25.4 | $29.53 | $550.00 | $147.6K | 530 | 326 |
| HUBS | PUT | SWEEP | BEARISH | 07/19/24 | $20.0 | $20.0 | $20.0 | $530.00 | $116.0K | 23 | 60 |
| HUBS | PUT | SWEEP | BULLISH | 07/19/24 | $22.0 | $20.0 | $20.0 | $530.00 | $104.0K | 23 | 6 |
| HUBS | PUT | TRADE | BULLISH | 06/21/24 | $17.0 | $12.8 | $12.8 | $580.00 | $89.6K | 457 | 42 |
| HUBS | CALL | TRADE | BEARISH | 08/16/24 | $12.1 | $8.0 | $8.0 | $700.00 | $77.6K | 12 | 3 |
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 marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
Current Position of HubSpot
- With a trading volume of 995,784, the price of HUBS is up by 2.21%, reaching $569.58.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 40 days from now.
Professional Analyst Ratings for HubSpot
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $750.0.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for HubSpot, targeting a price of $750.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for HubSpot with Benzinga Pro for real-time alerts.