Deep-pocketed investors have adopted a bearish approach towards Hilton Worldwide Holdings HLT, 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 HLT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Hilton Worldwide Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 11% leaning bullish and 88% bearish. Among these notable options, 4 are puts, totaling $182,280, and 5 are calls, amounting to $315,627.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $175.0 to $195.0 for Hilton Worldwide Holdings over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hilton Worldwide Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hilton Worldwide Holdings's substantial trades, within a strike price spectrum from $175.0 to $195.0 over the preceding 30 days.
Hilton Worldwide Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HLT | CALL | TRADE | NEUTRAL | 04/19/24 | $180.00 | $132.2K | 561 | 253 |
| HLT | CALL | SWEEP | BULLISH | 01/17/25 | $190.00 | $86.5K | 159 | 50 |
| HLT | PUT | SWEEP | BEARISH | 01/19/24 | $175.00 | $66.2K | 452 | 11 |
| HLT | PUT | SWEEP | BEARISH | 02/16/24 | $180.00 | $43.2K | 75 | 80 |
| HLT | CALL | SWEEP | BEARISH | 02/16/24 | $190.00 | $43.0K | 270 | 208 |
About Hilton Worldwide Holdings
Hilton Worldwide Holdings operates 1,127,430 rooms across its 20 plus brands addressing the premium economy scale through luxury segments as of Dec. 31, 2022. Hampton and Hilton are the two largest brands by total room count at 28% and 13%, respectively, as of Dec. 31, 2022. Recent brands launched over the last few years include Home2, Curio, Canopy, Spark, Tru, Tempo, and Project H3. Managed and franchised represent the vast majority of adjusted EBITDA, predominantly from the Americas regions.
Following our analysis of the options activities associated with Hilton Worldwide Holdings, we pivot to a closer look at the company's own performance.
Present Market Standing of Hilton Worldwide Holdings
- With a volume of 528,341, the price of HLT is down 0.0% at $178.92.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
What Analysts Are Saying About Hilton Worldwide Holdings
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $182.0.
- Consistent in their evaluation, an analyst from Jefferies keeps a Hold rating on Hilton Worldwide Holdings with a target price of $182.
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 Hilton Worldwide Holdings, 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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