Mixed options sentiment in Upstart Holdings (UPST), with shares down 13c near $38.64. Options volume relatively light with 3337 contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.65. Implied volatility (IV30) dropped 1.64 near 73.56,and below the 52wk median, suggesting an expected daily move of $1.79. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on UPST:
- Upstart price target lowered to $66 from $86 at Mizuho
- Upstart announces $1.5B forward-flow commitment with Castlelake
- Pathward Financial partners with Upstart to offer personal loans
- Upstart price target lowered to $66 from $105 at B. Riley
- Upstart price target lowered to $40 from $54 at Goldman Sachs
