Notable Thursday Option Activity: UPST, HTZ, WT

47,009 options contracts in Upstart Holdings (UPST) have traded so far today, signaling unusually heavy options activity in the name. That level of options turnover can presage elevated near-term volatility and potential intraday moves in the underlying equity (on the order of ~1–3%); monitor put/call splits and changes in open interest for directional conviction.

Analysis

47,009 options contracts in Upstart Holdings (UPST) have traded so far today, signaling unusually heavy options activity in the name. That level of options turnover can presage elevated near-term volatility and potential intraday moves in the underlying equity (on the order of ~1–3%); monitor put/call splits and changes in open interest for directional conviction.