Financial giants have made a conspicuous bearish move on United Airlines Holdings. Our analysis of options history for United Airlines Holdings UAL revealed 19 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $243,661, and 16 were calls, valued at $1,184,184.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $75.0 for United Airlines Holdings, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Airlines Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Airlines Holdings's significant trades, within a strike price range of $45.0 to $75.0, over the past month.
United Airlines Holdings Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UAL | CALL | SWEEP | BEARISH | 12/20/24 | $6.5 | $6.4 | $6.42 | $55.00 | $192.5K | 1.8K | 324 |
| UAL | CALL | SWEEP | BULLISH | 09/20/24 | $5.9 | $5.8 | $5.8 | $52.50 | $174.0K | 2.4K | 307 |
| UAL | CALL | SWEEP | BULLISH | 01/17/25 | $7.05 | $7.0 | $7.0 | $55.00 | $161.0K | 7.6K | 632 |
| UAL | PUT | TRADE | BULLISH | 03/21/25 | $3.15 | $3.0 | $3.0 | $45.00 | $146.4K | 36 | 488 |
| UAL | CALL | SWEEP | BEARISH | 06/21/24 | $1.4 | $1.38 | $1.38 | $55.00 | $132.3K | 14.2K | 2.3K |
About United Airlines Holdings
United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.
After a thorough review of the options trading surrounding United Airlines Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of United Airlines Holdings
- Currently trading with a volume of 6,696,988, the UAL's price is up by 0.63%, now at $53.24.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
Professional Analyst Ratings for United Airlines Holdings
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $75.24.
- An analyst from Jefferies has elevated its stance to Buy, setting a new price target at $65.
- Showing optimism, an analyst from Redburn Atlantic upgrades its rating to Buy with a revised price target of $70.
- An analyst from Citigroup persists with their Buy rating on United Airlines Holdings, maintaining a target price of $96.
- An analyst from Wolfe Research has elevated its stance to Outperform, setting a new price target at $76.
- In a cautious move, an analyst from HSBC downgraded its rating to Buy, setting a price target of $69.
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 United Airlines Holdings 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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