Mixed options sentiment in Upstart Holdings (UPST), with shares up 80c, or 1.26%, near $64.21. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.63. Implied volatility (IV30) dropped 2.55 near 61.01,in the lowest 10% of observations over the past year, suggesting an expected daily move of $2.47. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on UPST:
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- Upstart price target raised to $90 from $75 at Piper Sandler
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