Investors with a lot of money to spend have taken a bearish stance on United Airlines Holdings UAL.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UAL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for United Airlines Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,000, and 11, calls, for a total amount of $1,286,910.
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 $48.0 to $62.5 for United Airlines Holdings over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for United Airlines Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United Airlines Holdings's whale trades within a strike price range from $48.0 to $62.5 in the last 30 days.
United Airlines Holdings 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UAL | CALL | SWEEP | BULLISH | 08/16/24 | $3.45 | $3.35 | $3.45 | $55.00 | $854.2K | 5.5K | 1 |
| UAL | CALL | SWEEP | NEUTRAL | 12/20/24 | $7.3 | $7.15 | $7.23 | $52.50 | $72.3K | 713 | 0 |
| UAL | CALL | TRADE | BEARISH | 09/20/24 | $2.22 | $2.08 | $2.1 | $60.00 | $52.5K | 10.6K | 2 |
| UAL | CALL | SWEEP | BULLISH | 01/17/25 | $3.5 | $3.45 | $3.48 | $62.50 | $52.2K | 1.0K | 0 |
| UAL | CALL | TRADE | BULLISH | 07/19/24 | $2.1 | $2.1 | $2.1 | $55.00 | $41.5K | 14.3K | 355 |
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.
In light of the recent options history for United Airlines Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is United Airlines Holdings Standing Right Now?
- Currently trading with a volume of 7,575,051, the UAL's price is up by 1.52%, now at $52.84.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 35 days.
What Analysts Are Saying About United Airlines Holdings
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $76.75.
- In a positive move, an analyst from Redburn Atlantic has upgraded their rating to Buy and adjusted the price target to $70.
- Showing optimism, an analyst from Jefferies upgrades its rating to Buy with a revised price target of $65.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on United Airlines Holdings with a target price of $96.
- An analyst from Wolfe Research upgraded its action to Outperform with a price target of $76.
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 United Airlines Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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