27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on United Airlines Holdings (NASDAQ:UAL).
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for United Airlines Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $265,460, and 4 are calls, for a total amount of $169,030.
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 $38.0 to $45.0 for United Airlines Holdings over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for United Airlines Holdings options trades today is 4218.33 with a total volume of 3,503.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Airlines Holdings's big money trades within a strike price range of $38.0 to $45.0 over the last 30 days.
United Airlines Holdings 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 |
|---|---|---|---|---|---|---|---|---|
| UAL | PUT | SWEEP | BULLISH | 03/15/24 | $40.00 | $105.0K | 8.2K | 1.6K |
| UAL | CALL | SWEEP | BULLISH | 06/21/24 | $45.00 | $69.5K | 7.5K | 75 |
| UAL | PUT | SWEEP | NEUTRAL | 06/21/24 | $45.00 | $48.4K | 5.3K | 463 |
| UAL | PUT | SWEEP | NEUTRAL | 06/21/24 | $45.00 | $48.4K | 5.3K | 361 |
| UAL | CALL | SWEEP | BEARISH | 09/20/24 | $38.00 | $42.3K | 335 | 76 |
About United Airlines Holdings
United Airlines is a major U.S. 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.
Where Is United Airlines Holdings Standing Right Now?
- Currently trading with a volume of 4,024,484, the UAL's price is down by -1.31%, now at $42.27.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 60 days.
What Analysts Are Saying About United Airlines Holdings
In the last month, 2 experts released ratings on this stock with an average target price of $57.5.
- Showing optimism, an analyst from Evercore ISI Group upgrades its rating to Outperform with a revised price target of $65.
- An analyst from Redburn Atlantic has revised its rating downward to Neutral, adjusting the price target to $50.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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