Honeywell Intl Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish 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 12 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 25% leaning bullish and 66% bearish. Among these notable options, 5 are puts, totaling $202,730, and 7 are calls, amounting to $846,080.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $250.0 for Honeywell Intl, spanning the last three months.

Volume & Open Interest Development

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 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 activity within a strike price range from $200.0 to $250.0 in the last 30 days.

Honeywell Intl Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Honeywell Intl's Current Market Status

• Trading volume stands at 753,369, with HON's price down by -0.25%, positioned at $220.08.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 22 days.

What The Experts Say On Honeywell Intl

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $252.75.

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. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Honeywell Intl, targeting a price of $255. * Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Honeywell Intl, targeting a price of $260. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Honeywell Intl, targeting a price of $256. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Honeywell Intl with a target price of $240.

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.