Whales with a lot of money to spend have taken a noticeably bullish stance on Linde.
Looking at options history for Linde LIN 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 22% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $114,020 and 6, calls, for a total amount of $358,488.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $470.0 and $500.0 for Linde, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Linde'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 Linde's whale activity within a strike price range from $470.0 to $500.0 in the last 30 days.
Linde 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIN | CALL | SWEEP | NEUTRAL | 01/16/26 | $38.6 | $36.3 | $38.17 | $500.00 | $152.4K | 226 | 47 |
| LIN | CALL | SWEEP | NEUTRAL | 01/17/25 | $20.0 | $19.9 | $19.95 | $480.00 | $57.6K | 909 | 31 |
| LIN | PUT | SWEEP | BULLISH | 01/16/26 | $32.5 | $32.2 | $32.3 | $470.00 | $51.7K | 11 | 18 |
| LIN | CALL | SWEEP | BEARISH | 01/17/25 | $19.0 | $18.9 | $18.9 | $480.00 | $43.4K | 909 | 68 |
| LIN | CALL | SWEEP | BEARISH | 01/17/25 | $26.2 | $26.0 | $26.06 | $470.00 | $39.1K | 344 | 84 |
About Linde
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.
After a thorough review of the options trading surrounding Linde, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Linde
- Currently trading with a volume of 515,141, the LIN's price is down by -0.25%, now at $471.15.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 57 days.
What Analysts Are Saying About Linde
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $495.75.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Linde, targeting a price of $477.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Linde, targeting a price of $480.
- An analyst from Barclays persists with their Overweight rating on Linde, maintaining a target price of $510.
- An analyst from B of A Securities has decided to maintain their Buy rating on Linde, which currently sits at a price target of $516.
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 Linde with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
