Financial giants have made a conspicuous bearish move on Honeywell Intl. Our analysis of options history for Honeywell Intl HON revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $74,400, and 7 were calls, valued at $265,309.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $220.0 to $230.0 for Honeywell Intl during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Honeywell Intl options trades today is 820.2 with a total volume of 2,004.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Honeywell Intl's big money trades within a strike price range of $220.0 to $230.0 over the last 30 days.
Honeywell Intl 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HON | CALL | SWEEP | BEARISH | 01/17/25 | $6.1 | $5.6 | $6.0 | $230.00 | $60.0K | 3.0K | 181 |
| HON | CALL | SWEEP | BEARISH | 11/15/24 | $3.2 | $3.1 | $3.15 | $227.50 | $43.7K | 7 | 819 |
| HON | PUT | TRADE | BEARISH | 06/20/25 | $12.6 | $12.0 | $12.4 | $220.00 | $43.4K | 423 | 65 |
| HON | CALL | SWEEP | BEARISH | 11/15/24 | $3.4 | $3.1 | $3.25 | $227.50 | $39.6K | 7 | 150 |
| HON | CALL | SWEEP | BULLISH | 11/01/24 | $3.3 | $3.3 | $3.3 | $225.00 | $33.0K | 491 | 113 |
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. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.
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.
Honeywell Intl's Current Market Status
- Trading volume stands at 2,448,106, with HON's price down by -1.02%, positioned at $220.08.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 1 days.
Expert Opinions on Honeywell Intl
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $218.66666666666666.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Honeywell Intl, which currently sits at a price target of $207. * Reflecting concerns, an analyst from JP Morgan lowers its rating to Neutral with a new price target of $235. * In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $214.
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 Honeywell Intl, 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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