Deep-pocketed investors have adopted a bearish approach towards Eaton Corp ETN, 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 ETN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Eaton Corp. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 46% bearish. Among these notable options, 5 are puts, totaling $183,484, and 8 are calls, amounting to $291,011.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $410.0 for Eaton Corp over the recent three 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 Eaton Corp'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 Eaton Corp's whale trades within a strike price range from $165.0 to $410.0 in the last 30 days.
Eaton Corp Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETN | PUT | SWEEP | BEARISH | 02/21/25 | $13.7 | $13.1 | $13.2 | $340.00 | $54.1K | 118 | 148 |
| ETN | CALL | TRADE | NEUTRAL | 01/17/25 | $177.0 | $173.4 | $175.17 | $165.00 | $52.5K | 32 | 3 |
| ETN | CALL | TRADE | NEUTRAL | 09/19/25 | $174.9 | $170.7 | $172.92 | $170.00 | $51.8K | 850 | 3 |
| ETN | CALL | TRADE | BULLISH | 01/16/26 | $103.0 | $99.0 | $101.4 | $250.00 | $50.7K | 200 | 5 |
| ETN | PUT | SWEEP | BULLISH | 02/21/25 | $13.6 | $13.1 | $13.2 | $340.00 | $46.2K | 118 | 106 |
About Eaton Corp
Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets. Eaton's portfolio can broadly be divided into two parts: its electrical and industrial businesses. Its electrical portfolio (representing around 70% of company revenue) sells components within data centers, utilities, and commercial and residential buildings, while its industrial business (30% of revenue) sells components within commercial and passenger vehicles and aircraft. Eaton receives favorable tax treatment as a domiciliary of Ireland, but it generates over half of its revenue within the US.
In light of the recent options history for Eaton Corp, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Eaton Corp
- Trading volume stands at 1,545,764, with ETN's price down by -0.51%, positioned at $339.71.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 17 days.
What The Experts Say On Eaton Corp
In the last month, 3 experts released ratings on this stock with an average target price of $384.0.
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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. * An analyst from RBC Capital persists with their Outperform rating on Eaton Corp, maintaining a target price of $392. * An analyst from Citigroup has decided to maintain their Buy rating on Eaton Corp, which currently sits at a price target of $410. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Eaton Corp, which currently sits at a price target of $350.
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 Eaton Corp options trades with real-time alerts from Benzinga Pro.
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