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 Union Pacific (NYSE:UNP).
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 UNP, 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 8 uncommon options trades for Union Pacific.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $338,767, and 3 are calls, for a total amount of $116,773.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $250.0 for Union Pacific over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $230.0 to $250.0 in the last 30 days.
Union Pacific Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UNP | PUT | SWEEP | NEUTRAL | 06/21/24 | $11.3 | $11.1 | $11.15 | $245.00 | $124.8K | 1.1K | 339 |
| UNP | PUT | SWEEP | NEUTRAL | 06/21/24 | $11.2 | $11.1 | $11.15 | $245.00 | $73.5K | 1.1K | 159 |
| UNP | PUT | SWEEP | BEARISH | 06/21/24 | $11.2 | $11.1 | $11.15 | $245.00 | $67.0K | 1.1K | 159 |
| UNP | CALL | SWEEP | BULLISH | 09/20/24 | $15.2 | $14.8 | $15.1 | $245.00 | $58.8K | 131 | 40 |
| UNP | PUT | SWEEP | BEARISH | 05/17/24 | $9.3 | $9.1 | $9.3 | $245.00 | $46.5K | 1.1K | 72 |
About Union Pacific
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the US, UP generated $24 billion of revenue in 2023 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, fertilizers, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.
Following our analysis of the options activities associated with Union Pacific, we pivot to a closer look at the company's own performance.
Current Position of Union Pacific
- With a volume of 2,000,486, the price of UNP is down -0.36% at $240.69.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Union Pacific
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $255.0.
- An analyst from Susquehanna has decided to maintain their Neutral rating on Union Pacific, which currently sits at a price target of $255.
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.
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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