Whales with a lot of money to spend have taken a noticeably bearish stance on United Airlines Holdings.
Looking at options history for United Airlines Holdings UAL we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $54,384 and 13, calls, for a total amount of $651,111.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $45.0 for United Airlines Holdings over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Airlines Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Airlines Holdings's significant trades, within a strike price range of $35.0 to $45.0, over the past month.
United Airlines Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UAL | CALL | TRADE | NEUTRAL | 06/21/24 | $45.00 | $170.0K | 7.3K | 516 |
| UAL | CALL | SWEEP | BULLISH | 01/26/24 | $42.00 | $56.7K | 4.0K | 1.2K |
| UAL | CALL | TRADE | BEARISH | 02/23/24 | $41.00 | $55.0K | 429 | 209 |
| UAL | CALL | TRADE | BEARISH | 03/01/24 | $41.00 | $53.8K | 1.5K | 200 |
| UAL | CALL | SWEEP | BEARISH | 03/01/24 | $41.00 | $52.2K | 1.5K | 299 |
About United Airlines Holdings
United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
Following our analysis of the options activities associated with United Airlines Holdings, we pivot to a closer look at the company's own performance.
United Airlines Holdings's Current Market Status
- Trading volume stands at 2,094,050, with UAL's price up by 3.06%, positioned at $42.09.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 82 days.
What The Experts Say On United Airlines Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $58.0.
- An analyst from B of A Securities upgraded its action to Buy with a price target of $56.
- An analyst from Susquehanna upgraded its action to Positive with a price target of $60.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United Airlines Holdings options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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