Check Out What Whales Are Doing With Nu Holdings

Nu Holdings Ltd. -0.43%

Nu Holdings Ltd.




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 14 uncommon options trades for Nu Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 21% bullish and 78%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $439,310, and 5 are calls, for a total amount of $169,897.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $14.0 for Nu Holdings, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Nu Holdings stands at 14563.7, with a total volume reaching 19,936.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Nu Holdings, situated within the strike price corridor from $4.0 to $14.0, throughout the last 30 days.

Nu Holdings 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NU PUT SWEEP BEARISH 04/19/24 $8.00 $78.2K 4.0K 2.0K
NU PUT TRADE NEUTRAL 04/19/24 $14.00 $69.5K 0 0
NU PUT SWEEP BEARISH 03/15/24 $8.00 $58.0K 6.5K 4.1K
NU PUT SWEEP BEARISH 03/15/24 $8.00 $58.0K 6.5K 2.1K
NU PUT SWEEP BEARISH 07/19/24 $7.00 $52.8K 61.2K 1.7K

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.

Having examined the options trading patterns of Nu Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Nu Holdings

  • With a volume of 14,862,411, the price of NU is down -4.8% at $8.92.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 23 days.

What Analysts Are Saying About Nu Holdings

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $11.5.

  • Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Nu Holdings with a target price of $11.

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 Nu Holdings options trades with real-time alerts from Benzinga Pro.

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