A whale with a lot of money to spend has taken a noticeably bearish stance on Union Pacific.
Looking at options history for Union Pacific UNP we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $184,028 and 12, calls, for a total amount of $903,919.
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 $170.0 to $240.0 for Union Pacific over the last 3 months.
Volume & Open Interest Development
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 Union Pacific'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 Union Pacific's whale trades within a strike price range from $170.0 to $240.0 in the last 30 days.
Union Pacific Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNP | CALL | SWEEP | NEUTRAL | 08/04/23 | $205.00 | $378.2K | 186 | 181 |
| UNP | CALL | TRADE | BEARISH | 08/18/23 | $220.00 | $191.2K | 13.4K | 146 |
| UNP | PUT | SWEEP | BEARISH | 11/17/23 | $225.00 | $68.2K | 8 | 105 |
| UNP | PUT | SWEEP | BEARISH | 01/19/24 | $240.00 | $53.5K | 216 | 63 |
| UNP | CALL | SWEEP | BULLISH | 02/16/24 | $200.00 | $49.3K | 7 | 12 |
Where Is Union Pacific Standing Right Now?
- With a volume of 3,531,374, the price of UNP is up 0.29% at $232.77.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Union Pacific:
- Atlantic Equities downgraded its action to Neutral with a price target of $244
- JP Morgan has decided to maintain their Neutral rating on Union Pacific, which currently sits at a price target of $254.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Union Pacific, which currently sits at a price target of $182.
- Stephens & Co. has decided to maintain their Overweight rating on Union Pacific, which currently sits at a price target of $257.
- BMO Capital has decided to maintain their Outperform rating on Union Pacific, which currently sits at a price target of $270.
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 Union Pacific, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
