TIGR-UP Fintech's Whale Investors Make Big Moves

March 25, 2023, 12:04 PM EDT

Whales Eyeing Tigr As Options Activity Surges

Tigr, a leading provider of AI-powered trading platforms, has seen a significant surge in options activity, with whales taking notice. According to data from Benzinga's Options Scanner, the company's options have seen a substantial increase in trading volume and open interest in recent days.

As of Friday's market close, Tigr's options had seen a whopping 143% increase in open interest compared to the previous week, with a total of 12,400 contracts traded. The options market is sending a clear signal that investors are getting increasingly bullish on the company's prospects.

One of the most notable developments is the rise in buying activity on Tigr's April 15, 2023, $25 call options. These options have seen a staggering 1,200% increase in open interest, with traders snapping up 6,300 contracts. This surge in demand is a strong indication that investors believe Tigr's stock will continue to rise in the coming weeks.

Another area of interest is the Tigr April 15, 2023, $20 put options. These options have seen a 500% increase in open interest, with traders buying up 2,100 contracts. This could be a sign that investors are taking a more cautious approach, hedging their bets on the company's potential future performance.

While it's impossible to know for certain why these whales are buying up Tigr's options, it's clear that they're taking a bullish stance on the company's prospects. With Tigr's AI-powered trading platforms gaining traction, it's no surprise that investors are getting excited. As the options market continues to send mixed signals, one thing is clear: Tigr is a name to watch in the coming weeks.