Fintech Stock Breaking Above Key Resistance Levels

UPST premiums can be had for a relative bargain

Jun 27, 2025 at 10:51 AM

UPST

Subscribers to Schaeffer's Weekend Trader options recommendation service received this UPST commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Fintech stock Upstart Holdings Inc (NASDAQ:UPST) is breaking above its June closing highs, as well as its 200-day moving average and year-to-date anchored volume-weighted average price (AVWAP). Earlier this week, the shares bounced near peak put open interest at the 50-strike, and are now breaking above the $55 pivot point from a November earnings gap. This area acted as support in January, then resistance in March and May, and could be a key area moving forward.

The 65-strike call dissipates next week, which could open the doors to much higher prices heading into July. And with more than 25% of UPST’s total available float sold short, shorts have started covering for the last month and could continue to get squeezed.

Options traders are in luck. The security's Schaeffer’s Volatility Index (SVI) sits in the 10th percentile of its annual range, so premium can be had for a relative bargain.

Our recommended call has a leverage ratio of 3.7 and will double in value with a 29.1% move in the underlying equity.

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