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Spotlight on HubSpot: Analyzing the Surge in Options Activity

Author: Benzinga Insights | June 11, 2024 02:17pm

Whales with a lot of money to spend have taken a noticeably bullish stance on HubSpot.

Looking at options history for HubSpot (NYSE:HUBS) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $243,180 and 4, calls, for a total amount of $147,900.

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 $300.0 and $640.0 for HubSpot, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for HubSpot options trades today is 283.86 with a total volume of 57.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for HubSpot's big money trades within a strike price range of $300.0 to $640.0 over the last 30 days.

HubSpot Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
HUBS PUT SWEEP BEARISH 06/21/24 $12.1 $12.0 $12.0 $560.00 $104.4K 559 0
HUBS PUT SWEEP BULLISH 06/21/24 $11.8 $9.0 $9.0 $550.00 $56.7K 485 39
HUBS CALL TRADE BEARISH 07/19/24 $30.0 $23.6 $26.0 $640.00 $54.6K 256 0
HUBS PUT SWEEP BULLISH 09/20/24 $59.9 $54.2 $54.2 $610.00 $48.7K 11 2
HUBS CALL TRADE BULLISH 07/19/24 $37.9 $34.5 $37.9 $600.00 $37.9K 23 5

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 volume of 169,196, the price of HUBS is down -0.4% at $593.54.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 50 days.

What Analysts Are Saying About HubSpot

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $750.0.

  • An analyst from Wells Fargo persists with their Overweight rating on HubSpot, maintaining a target 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.

Posted In: HUBS