Options Trading Volume Surges for UPST, UPWK, and CAVA

Options trading volume skyrocketed today, particularly for Upstart Holdings (UPST), Upwork Inc (UPWK), and CAVA Group Inc (CAVA). With significant percentages of their average daily volumes traded, this could signal a shift in market sentiment.

Date: 24-01-2025

AI Rating: 6

Options Trading Activity Analysis
Today's report highlights notable options trading volumes for three companies: Upstart Holdings Inc (UPST), Upwork Inc (UPWK), and CAVA Group Inc (CAVA).

Upstart Holdings Inc (UPST): A total of 28,517 contracts have traded, equating to approximately 2.9 million underlying shares. This represents about 67.2% of UPST's average daily trading volume of 4.2 million shares. The notable activity includes 1,779 contracts for the $69 strike call option, indicating bullish sentiment among traders.

Upwork Inc (UPWK): Options trading volume reached 11,766 contracts, about 65.8% of UPWK's average daily trading volume of 1.8 million shares. High volume trading was observed for the $15 strike put option, which could suggest bearish strategies among investors.

CAVA Group Inc (CAVA): Approximately 12,849 contracts traded, making up 65% of its average daily trading volume of 2.0 million shares. The $124 strike call option saw a noteworthy volume, revealing potential bullish activity.

Volumes significantly higher than average can indicate traders' expectations regarding price movements or sentiment towards the companies. Higher activity in calls might suggest optimism about future price increases, while significant put volume could indicate concerns over declines.

Stocks: UPST UPWK CAVA