A company called Upstart Holdings had some important news about the options people can buy and sell for its stock. This made some people interested in buying or selling those options, which can be a risky but also profitable way to trade. The price of the stock went down by 6.83%, which means it is cheaper than before. Some people who follow the market think that the stock might not keep going down and could become more expensive again soon. They use different signs and tools to help them decide when to buy or sell options or stocks. There's a website called Benzinga that tells you about these trades in real-time, so you can learn from them and maybe make your own decisions. Read from source...
1. The title is misleading and sensationalized. It implies that there was some unusual or suspicious activity in the options market for Upstart Hldgs on January 3rd, but it does not provide any evidence or explanation of what exactly was unusual or why it matters to investors. A more accurate and informative title would be something like "Upstart Hldgs Options Trading Volume Slightly Above Average On January 3rd".
2. The article contains several factual errors and inaccuracies, such as the incorrect ticker symbol for Upstart Hldgs (it should be UPST, not UPT), the wrong date for the next earnings report (it was reported on November 8th, not in 41 days), and the confusing use of RSI indicators. RSI stands for relative strength index, which is a technical analysis tool that measures the momentum of a stock or an asset. It has nothing to do with the price of UPST or the options market. The article also implies that higher RSI values mean the stock is overbought and lower RSI values mean the stock is oversold, but this is not necessarily true. RSI can be used in different ways by different traders and investors, depending on their strategies and preferences. A more balanced and accurate discussion of RSI would explain its purpose, calculation, interpretation, and limitations.
3. The article relies heavily on external sources, such as Benzinga Pro, without verifying or cross-checking the information they provide. For example, the article cites an options trades alert from Benzinga Pro that claims there was a "large volume of call options" traded for UPST on January 3rd, but it does not provide any details or evidence of this claim. It also links to another Benzinga article that discusses the same topic, but it does not acknowledge any potential conflicts of interest or bias that may exist between the two articles or their authors. A more responsible and credible journalism would require external sources to support their claims with data, quotes, references, or other forms of verification.
4. The article uses emotional language and tone throughout the text, such as "approaching overbought", "riskier asset", "serious options traders", and "stay updated". These words imply that the author has a negative or fearful attitude towards options trading and UPST stock, and that he or she is trying to persuade or warn the readers to avoid or sell their positions. A more objective and neutral journalism would use factual and logical language and tone, such as "options are a type of financial instrument that involves risk and reward", "the price of UPST has decreased by -6.83% since December 30th", and "you may want to