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Nu Holdings's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | May 09, 2024 02:16pm

Investors with a lot of money to spend have taken a bearish stance on Nu Holdings (NYSE:NU).

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 NU, 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 9 uncommon options trades for Nu Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $130,228, and 6 are calls, for a total amount of $1,270,758.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $20.0 for Nu Holdings, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nu Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nu Holdings's significant trades, within a strike price range of $9.0 to $20.0, over the past month.

Nu Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NU CALL TRADE BULLISH 01/16/26 $3.95 $3.85 $3.94 $10.00 $788.0K 53.4K 2.0K
NU CALL TRADE BEARISH 01/16/26 $1.99 $1.8 $1.8 $15.00 $180.0K 55.6K 1.0K
NU CALL SWEEP BULLISH 11/15/24 $1.1 $1.1 $1.1 $13.00 $110.0K 2.7K 0
NU CALL TRADE BULLISH 07/19/24 $2.08 $2.07 $2.08 $10.00 $84.4K 23.2K 85
NU CALL TRADE NEUTRAL 01/16/26 $0.81 $0.79 $0.8 $20.00 $80.0K 6.3K 1.0K

About Nu Holdings

Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.

Current Position of Nu Holdings

  • With a volume of 10,787,711, the price of NU is down -0.42% at $11.95.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 5 days.

What Analysts Are Saying About Nu Holdings

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $13.0.

  • Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Nu Holdings, targeting a price of $13.

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 Nu Holdings, Benzinga Pro gives you real-time options trades alerts.

Posted In: NU

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