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 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 8% of the investors opened trades with bullish expectations and 91% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $466,755 and 2, calls, for a total amount of $109,680.
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 $215.0 to $230.0 for Union Pacific over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Union Pacific options trades today is 490.5 with a total volume of 4,516.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Union Pacific's big money trades within a strike price range of $215.0 to $230.0 over 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 | BEARISH | 11/17/23 | $230.00 | $78.4K | 701 | 113 |
| UNP | PUT | SWEEP | BEARISH | 11/17/23 | $220.00 | $64.1K | 185 | 432 |
| UNP | PUT | SWEEP | BEARISH | 11/17/23 | $220.00 | $62.1K | 185 | 573 |
| UNP | PUT | SWEEP | BEARISH | 11/17/23 | $220.00 | $60.2K | 185 | 215 |
| UNP | PUT | SWEEP | BEARISH | 11/17/23 | $220.00 | $57.9K | 185 | 721 |
Where Is Union Pacific Standing Right Now?
- With a volume of 878,382, the price of UNP is down -0.63% at $223.84.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 59 days.
What The Experts Say On Union Pacific:
- 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.
- Stephens & Co. downgraded its action to Overweight with a price target of $257
- Raymond James has decided to maintain their Strong Buy rating on Union Pacific, which currently sits at a price target of $270.
- RBC Capital upgraded its action to Outperform with a price target of $282
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.
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