Whales with a lot of money to spend have taken a noticeably bearish stance on Honeywell Intl.
Looking at options history for Honeywell Intl HON we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $246,450 and 7, calls, for a total amount of $261,920.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $190.0 and $200.0 for Honeywell Intl, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Honeywell Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Honeywell Intl's significant trades, within a strike price range of $190.0 to $200.0, over the past month.
Honeywell Intl Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HON | PUT | TRADE | BULLISH | 01/17/25 | $14.3 | $14.0 | $14.1 | $200.00 | $47.9K | 809 | 94 |
| HON | PUT | TRADE | BULLISH | 01/17/25 | $14.3 | $14.0 | $14.1 | $200.00 | $45.1K | 809 | 32 |
| HON | PUT | TRADE | BULLISH | 01/17/25 | $14.3 | $14.0 | $14.1 | $200.00 | $43.7K | 809 | 125 |
| HON | PUT | TRADE | BEARISH | 01/17/25 | $14.0 | $13.9 | $14.0 | $200.00 | $42.0K | 809 | 176 |
| HON | CALL | TRADE | BEARISH | 01/17/25 | $13.8 | $13.5 | $13.5 | $200.00 | $41.8K | 896 | 200 |
About Honeywell Intl
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.
After a thorough review of the options trading surrounding Honeywell Intl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Honeywell Intl
- Trading volume stands at 393,759, with HON's price down by -0.33%, positioned at $195.0.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 14 days.
Professional Analyst Ratings for Honeywell Intl
1 market experts have recently issued ratings for this stock, with a consensus target price of $232.0.
- An analyst from Barclays persists with their Overweight rating on Honeywell Intl, maintaining a target price of $232.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Honeywell Intl with Benzinga Pro for real-time alerts.
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