Deep-pocketed investors have adopted a bullish approach towards Honeywell Intl HON, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HON usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Honeywell Intl. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 37% bearish. Among these notable options, 9 are puts, totaling $444,713, and 7 are calls, amounting to $758,796.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $240.0 for Honeywell Intl during the past quarter.
Volume & Open Interest Trends
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 $200.0 to $240.0 in the last 30 days.
Honeywell Intl 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HON | CALL | SWEEP | BULLISH | 12/18/26 | $54.0 | $53.9 | $54.0 | $200.00 | $221.4K | 951 | 168 |
| HON | CALL | SWEEP | BULLISH | 12/18/26 | $54.1 | $53.8 | $54.1 | $200.00 | $205.5K | 951 | 89 |
| HON | CALL | SWEEP | BULLISH | 12/18/26 | $54.1 | $53.8 | $54.1 | $200.00 | $135.2K | 951 | 114 |
| HON | CALL | SWEEP | BULLISH | 12/18/26 | $54.2 | $54.1 | $54.2 | $200.00 | $70.4K | 951 | 38 |
| HON | CALL | TRADE | BULLISH | 12/18/26 | $54.0 | $53.9 | $54.0 | $200.00 | $59.4K | 951 | 127 |
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 around 30% of its revenue from recurring aftermarket services.
Having examined the options trading patterns of Honeywell Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Honeywell Intl
- Currently trading with a volume of 808,572, the HON's price is up by 1.11%, now at $231.43.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 35 days.
Expert Opinions on Honeywell Intl
In the last month, 5 experts released ratings on this stock with an average target price of $259.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Jefferies persists with their Hold rating on Honeywell Intl, maintaining a target price of $260. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Honeywell Intl, targeting a price of $268. * An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $253. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Honeywell Intl with a target price of $260. * An analyst from Goldman Sachs persists with their Buy rating on Honeywell Intl, maintaining a target price of $256.
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 Honeywell Intl 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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