Investors with a lot of money to spend have taken a bearish stance on United Airlines Holdings UAL.
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 UAL, 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 13 uncommon options trades for United Airlines Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 7% bullish and 84%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $281,590, and 10 are calls, for a total amount of $619,524.
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 $55.0 to $125.0 for United Airlines Holdings over the last 3 months.
Analyzing 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 United Airlines Holdings'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 United Airlines Holdings's whale trades within a strike price range from $55.0 to $125.0 in the last 30 days.
United Airlines Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UAL | PUT | SWEEP | BEARISH | 01/17/25 | $12.4 | $11.7 | $12.4 | $110.00 | $155.5K | 490 | 126 |
| UAL | CALL | TRADE | BEARISH | 03/21/25 | $46.9 | $45.0 | $45.76 | $55.00 | $114.4K | 800 | 25 |
| UAL | CALL | SWEEP | NEUTRAL | 03/21/25 | $39.6 | $38.1 | $39.01 | $62.50 | $97.6K | 1.1K | 25 |
| UAL | CALL | SWEEP | BEARISH | 01/17/25 | $45.8 | $44.5 | $44.5 | $55.00 | $75.6K | 12.3K | 20 |
| UAL | PUT | SWEEP | BEARISH | 01/10/25 | $1.6 | $1.47 | $1.47 | $92.00 | $72.6K | 17 | 495 |
About United Airlines Holdings
United Airlines is a major us 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 us peers.
After a thorough review of the options trading surrounding United Airlines Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of United Airlines Holdings
- Trading volume stands at 1,045,674, with UAL's price down by -1.45%, positioned at $99.41.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 25 days.
What The Experts Say On 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 $130.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on United Airlines Holdings with a target price of $130.
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 United Airlines Holdings, 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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