Investors with a lot of money to spend have taken a bearish stance on Honeywell Intl HON.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HON, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Honeywell Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 0% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $108,750, and 6 are calls, for a total amount of $1,428,434.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $185.0 to $230.0 for Honeywell Intl over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Honeywell Intl's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Honeywell Intl's whale trades within a strike price range from $185.0 to $230.0 in the last 30 days.
Honeywell Intl 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HON | CALL | TRADE | BEARISH | 06/20/25 | $13.3 | $12.5 | $12.55 | $230.00 | $933.7K | 105 | 5 |
| HON | CALL | TRADE | BEARISH | 06/21/24 | $5.5 | $5.3 | $5.3 | $210.00 | $337.0K | 6.5K | 331 |
| HON | CALL | SWEEP | NEUTRAL | 06/21/24 | $5.2 | $4.7 | $4.8 | $210.00 | $61.9K | 6.5K | 61 |
| HON | PUT | SWEEP | BEARISH | 08/16/24 | $7.7 | $7.4 | $7.7 | $220.00 | $57.7K | 40 | 0 |
| HON | PUT | SWEEP | BEARISH | 06/20/25 | $5.1 | $4.6 | $5.1 | $185.00 | $50.9K | 96 | 0 |
About Honeywell Intl
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.
Following our analysis of the options activities associated with Honeywell Intl, we pivot to a closer look at the company's own performance.
Current Position of Honeywell Intl
- With a volume of 2,111,428, the price of HON is up 0.52% at $215.26.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 34 days.
Expert Opinions on Honeywell Intl
3 market experts have recently issued ratings for this stock, with a consensus target price of $225.66666666666666.
- An analyst from UBS upgraded its action to Neutral with a price target of $215.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Honeywell Intl, targeting a price of $218.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Honeywell Intl, targeting a price of $244.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Honeywell Intl, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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