Whales with a lot of money to spend have taken a noticeably bullish stance on UiPath.
Looking at options history for UiPath (NYSE:PATH) we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $868,579 and 5, calls, for a total amount of $397,306.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $28.0 for UiPath over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for UiPath's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across UiPath's significant trades, within a strike price range of $15.0 to $28.0, over the past month.
UiPath Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PATH | CALL | SWEEP | NEUTRAL | 01/17/25 | $2.38 | $2.34 | $2.35 | $22.50 | $271.5K | 5.9K | 1.1K |
| PATH | PUT | SWEEP | NEUTRAL | 01/17/25 | $2.01 | $1.97 | $1.98 | $17.50 | $228.9K | 4.2K | 1.2K |
| PATH | PUT | SWEEP | BULLISH | 11/15/24 | $9.05 | $8.95 | $8.95 | $28.00 | $114.5K | 315 | 0 |
| PATH | PUT | TRADE | BULLISH | 01/16/26 | $2.3 | $2.17 | $2.17 | $15.00 | $93.3K | 724 | 430 |
| PATH | PUT | SWEEP | BEARISH | 06/21/24 | $4.95 | $4.9 | $4.95 | $24.00 | $48.5K | 240 | 182 |
About UiPath
UiPath Inc creates an end-to-end platform that provides automation with user emulation at its core. Its platform is built to be used by employees throughout a company and to address a wide variety of use cases, from simple tasks to long-running, complex business processes. It generates revenue from the sale of licenses for its proprietary software, maintenance and support, the right to access certain software products it hosts (i.e., SaaS) and professional services. It generates a majority of its revenues from the Americas followed by Europe, Middle East, and Africa and Asia-Pacific.
After a thorough review of the options trading surrounding UiPath, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of UiPath
- Currently trading with a volume of 5,223,900, the PATH's price is down by -2.83%, now at $19.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 6 days.
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 UiPath with Benzinga Pro for real-time alerts.