Financial giants have made a conspicuous bearish move on UiPath. Our analysis of options history for UiPath (NYSE:PATH) revealed 13 unusual trades.
Delving into the details, we found 23% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $81,370, and 11 were calls, valued at $594,235.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $18.0 and $32.0 for UiPath, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for UiPath options trades today is 2321.0 with a total volume of 5,515.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for UiPath's big money trades within a strike price range of $18.0 to $32.0 over the last 30 days.
UiPath Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PATH | CALL | SWEEP | BEARISH | 04/19/24 | $27.00 | $119.0K | 358 | 2.1K |
| PATH | CALL | SWEEP | BEARISH | 08/16/24 | $18.00 | $87.7K | 656 | 132 |
| PATH | CALL | SWEEP | BEARISH | 08/16/24 | $18.00 | $72.3K | 656 | 240 |
| PATH | CALL | SWEEP | BULLISH | 05/17/24 | $30.00 | $66.2K | 10.5K | 748 |
| PATH | PUT | TRADE | BEARISH | 05/17/24 | $23.00 | $48.2K | 1.8K | 219 |
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, and professional services. It generates a majority of its revenues from the US, followed by Romania.
In light of the recent options history for UiPath, it's now appropriate to focus on the company itself. We aim to explore its current performance.
UiPath's Current Market Status
- Currently trading with a volume of 3,889,586, the PATH's price is up by 2.77%, now at $23.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 7 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.