Deep-pocketed investors have adopted a bullish approach towards Linde LIN, 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 LIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for Linde. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 80% leaning bullish and 20% bearish. Among these notable options, 2 are puts, totaling $134,640, and 23 are calls, amounting to $828,386.
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 $440.0 to $480.0 for Linde over the last 3 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 Linde's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Linde's substantial trades, within a strike price spectrum from $440.0 to $480.0 over the preceding 30 days.
Linde Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIN | PUT | SWEEP | BEARISH | 06/21/24 | $10.0 | $10.0 | $10.0 | $440.00 | $88.0K | 273 | 2 |
| LIN | PUT | TRADE | BULLISH | 05/17/24 | $25.8 | $22.2 | $23.32 | $470.00 | $46.6K | 66 | 0 |
| LIN | CALL | SWEEP | BULLISH | 09/20/24 | $28.2 | $26.3 | $26.3 | $450.00 | $44.7K | 0 | 0 |
| LIN | CALL | SWEEP | BULLISH | 01/17/25 | $26.1 | $24.3 | $26.1 | $480.00 | $44.3K | 632 | 51 |
| LIN | CALL | SWEEP | BULLISH | 01/17/25 | $26.0 | $24.3 | $26.0 | $480.00 | $44.2K | 632 | 0 |
About Linde
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.
Having examined the options trading patterns of Linde, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Linde's Current Market Status
- With a trading volume of 286,595, the price of LIN is up by 0.73%, reaching $450.03.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 14 days from now.
Expert Opinions on Linde
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $514.0.
- An analyst from Mizuho has decided to maintain their Neutral rating on Linde, which currently sits at a price target of $510.
- An analyst from UBS downgraded its action to Neutral with a price target of $510.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Neutral with a new price target of $500.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Linde, which currently sits at a price target of $540.
- Showing optimism, an analyst from Mizuho upgrades its rating to Buy with a revised price target of $510.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Linde options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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