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LC Jan 2024 13.000 call
| Previous close | 0.2500 |
| Open | 0.2000 |
| Bid | 0.2500 |
| Ask | 0.5500 |
| Strike | 13.00 |
| Expiry date | 2024-01-19 |
| Day's range | 0.2000 - 0.2500 |
| Contract range | N/A |
| Volume | |
| Open interest | 2.12k |
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Are Options Traders Betting on a Big Move in LendingClub (LC) Stock?
Investors need to pay close attention to LendingClub (LC) stock based on the movements in the options market lately.
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LendingClub Really Needs the Fed's Rate-Hiking Campaign to End
LendingClub sells a big portion of its loans to institutional investors that have been taken out of the marketplace by soaring interest rates.
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LendingClub's Muted Outlook Spells Even Worse News for Upstart
The landscape has been quite challenging for financial companies over the past 18 months, as the Federal Reserve raised interest rates at a rapid pace, consumers were challenged by inflation, and the possibility of recession caused banks to increase their loan loss reserves, compressing net income. First, fintech companies are generally one- or two-product companies, as they are much earlier in their lifecycles than diversified big banks are. Second, there's a perception that fintechs may target a less creditworthy consumer, given that most fintechs tout new ways of underwriting clients overlooked or overcharged by traditional banks.
