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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 10 uncommon options trades for HubSpot.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $182,160, and 7 are calls, for a total amount of $720,227.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $560.0 to $700.0 for HubSpot over the last 3 months.
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 $560.0 to $700.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBS | CALL | SWEEP | BEARISH | 06/21/24 | $30.4 | $30.1 | $30.1 | $600.00 | $376.3K | 432 | 166 |
| HUBS | CALL | SWEEP | BULLISH | 06/21/24 | $31.2 | $30.1 | $31.2 | $600.00 | $156.0K | 432 | 231 |
| HUBS | PUT | SWEEP | BULLISH | 06/21/24 | $17.8 | $13.2 | $13.2 | $560.00 | $104.2K | 336 | 90 |
| HUBS | CALL | TRADE | BEARISH | 07/19/24 | $14.8 | $10.7 | $11.0 | $700.00 | $66.0K | 2.4K | 169 |
| HUBS | CALL | TRADE | BEARISH | 06/21/24 | $32.0 | $30.1 | $30.6 | $600.00 | $42.8K | 432 | 251 |
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.
In light of the recent options history for HubSpot, it's now appropriate to focus on the company itself. We aim to explore its current performance.
In the last month, 5 experts released ratings on this stock with an average target price of $673.0.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest HubSpot options trades with real-time alerts from Benzinga Pro.
Posted In: HUBS
