20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Union Pacific.
Looking at options history for Union Pacific (NYSE:UNP) we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $392,260 and 13, calls, for a total amount of $1,535,612.
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 $160.0 to $220.0 for Union Pacific 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 Union Pacific'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 Union Pacific's whale trades within a strike price range from $160.0 to $220.0 in the last 30 days.
Union Pacific Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNP | CALL | SWEEP | BULLISH | 08/18/23 | $215.00 | $323.5K | 2.3K | 1.1K |
| UNP | CALL | TRADE | NEUTRAL | 08/18/23 | $215.00 | $259.0K | 2.3K | 2.8K |
| UNP | CALL | SWEEP | BULLISH | 01/19/24 | $215.00 | $219.9K | 467 | 15 |
| UNP | CALL | SWEEP | BEARISH | 08/18/23 | $210.00 | $170.5K | 1.5K | 61 |
| UNP | CALL | SWEEP | BULLISH | 07/28/23 | $205.00 | $148.0K | 428 | 259 |
Where Is Union Pacific Standing Right Now?
- With a volume of 3,257,767, the price of UNP is up 1.03% at $208.92.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
What The Experts Say On Union Pacific:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Union Pacific, which currently sits at a price target of $168.
- Citigroup has decided to maintain their Buy rating on Union Pacific, which currently sits at a price target of $235.
- B of A Securities has decided to maintain their Buy rating on Union Pacific, which currently sits at a price target of $237.
- RBC Capital has decided to maintain their Sector Perform rating on Union Pacific, which currently sits at a price target of $193.
- Citigroup has decided to maintain their Buy rating on Union Pacific, which currently sits at a price target of $235.
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 Union Pacific, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!