Investors with a lot of money to spend have taken a bearish stance on Union Pacific UNP.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with UNP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Union Pacific.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $588,157, and there was 1 call, for a total amount of $152,210.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $300.0 for Union Pacific over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Union Pacific's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Union Pacific's substantial trades, within a strike price spectrum from $220.0 to $300.0 over the preceding 30 days.
Union Pacific Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNP | CALL | SWEEP | BULLISH | 02/16/24 | $260.00 | $152.2K | 303 | 52 |
| UNP | PUT | TRADE | BEARISH | 01/17/25 | $300.00 | $83.1K | 0 | 45 |
| UNP | PUT | TRADE | NEUTRAL | 01/17/25 | $300.00 | $83.1K | 0 | 30 |
| UNP | PUT | TRADE | BEARISH | 01/17/25 | $300.00 | $82.8K | 0 | 15 |
| UNP | PUT | TRADE | BEARISH | 01/17/25 | $290.00 | $70.6K | 0 | 15 |
About Union Pacific
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated $25 billion of revenue in 2022 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives roughly 10% of its revenue hauling freight to and from Mexico.
In light of the recent options history for Union Pacific, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Union Pacific
- With a trading volume of 724,561, the price of UNP is down by 0.0%, reaching $243.58.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 30 days from now.
What The Experts Say On Union Pacific
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $240.0.
- An analyst from JP Morgan persists with their Neutral rating on Union Pacific, maintaining 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 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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