Deep-pocketed investors have adopted a bullish approach towards GitLab (NASDAQ:GTLB), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GTLB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for GitLab. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 31% bearish. Among these notable options, 2 are puts, totaling $147,545, and 14 are calls, amounting to $769,339.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $58.0 to $85.0 for GitLab over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for GitLab's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of GitLab's whale trades within a strike price range from $58.0 to $85.0 in the last 30 days.
GitLab Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GTLB | CALL | TRADE | NEUTRAL | 01/16/26 | $23.0 | $22.3 | $22.7 | $60.00 | $113.5K | 555 | 50 |
| GTLB | PUT | SWEEP | BULLISH | 04/17/25 | $14.5 | $14.4 | $14.4 | $85.00 | $112.3K | 137 | 79 |
| GTLB | CALL | SWEEP | BULLISH | 02/21/25 | $4.1 | $4.1 | $4.1 | $70.00 | $102.5K | 2.0K | 266 |
| GTLB | CALL | SWEEP | BULLISH | 02/21/25 | $7.6 | $7.3 | $7.6 | $65.00 | $79.8K | 1.0K | 108 |
| GTLB | CALL | SWEEP | BULLISH | 02/21/25 | $7.4 | $7.2 | $7.4 | $65.00 | $67.3K | 1.0K | 377 |
About GitLab
GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Having examined the options trading patterns of GitLab, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of GitLab With a volume of 1,258,293, the price of GTLB is up 3.5% at $71.81. RSI indicators hint that the underlying stock may be approaching overbought. Next earnings are expected to be released in 31 days. Professional Analyst Ratings for GitLab
2 market experts have recently issued ratings for this stock, with a consensus target price of $87.5.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Needham downgraded its action to Buy with a price target of $85. * Consistent in their evaluation, an analyst from Macquarie keeps a Outperform rating on GitLab with a target price of $90.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for GitLab with Benzinga Pro for real-time alerts.
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