Whales with a lot of money to spend have taken a noticeably bullish stance on United Airlines Holdings.
Looking at options history for United Airlines Holdings UAL we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $327,045 and 4, calls, for a total amount of $136,061.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $46.0 for United Airlines Holdings during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for United Airlines Holdings options trades today is 2196.57 with a total volume of 3,336.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Airlines Holdings's big money trades within a strike price range of $45.0 to $46.0 over the last 30 days.
United Airlines Holdings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UAL | PUT | TRADE | BULLISH | 04/19/24 | $45.00 | $158.0K | 5.6K | 1.0K |
| UAL | PUT | SWEEP | BULLISH | 05/17/24 | $46.00 | $56.8K | 480 | 275 |
| UAL | PUT | SWEEP | BULLISH | 04/19/24 | $46.00 | $45.1K | 898 | 200 |
| UAL | PUT | SWEEP | BULLISH | 06/21/24 | $46.00 | $39.7K | 745 | 112 |
| UAL | CALL | SWEEP | NEUTRAL | 05/03/24 | $46.00 | $39.5K | 4 | 413 |
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.
Having examined the options trading patterns of United Airlines Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is United Airlines Holdings Standing Right Now?
- With a trading volume of 3,012,867, the price of UAL is up by 1.48%, reaching $45.55.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 21 days from now.
Professional Analyst Ratings for United Airlines Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $47.0.
- In a cautious move, an analyst from UBS downgraded its rating to Neutral, setting a price target of $47.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United Airlines Holdings with Benzinga Pro for real-time alerts.
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