Investors with a lot of money to spend have taken a bullish stance on United Airlines Holdings 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 20 uncommon options trades for United Airlines Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $410,400, and 16 are calls, for a total amount of $919,886.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $29.0 and $48.5 for United Airlines Holdings, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for United Airlines Holdings options trades today is 2197.38 with a total volume of 35,864.00.
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 $29.0 to $48.5 over the last 30 days.
United Airlines Holdings Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UAL | CALL | TRADE | NEUTRAL | 03/15/24 | $46.50 | $369.0K | 5 | 33 |
| UAL | PUT | SWEEP | BULLISH | 04/19/24 | $45.00 | $158.9K | 7 | 1 |
| UAL | PUT | SWEEP | BEARISH | 03/15/24 | $46.00 | $138.6K | 524 | 29 |
| UAL | PUT | TRADE | BULLISH | 03/15/24 | $45.50 | $83.5K | 287 | 725 |
| UAL | CALL | SWEEP | BULLISH | 03/15/24 | $45.00 | $65.3K | 12.0K | 811 |
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.
Following our analysis of the options activities associated with United Airlines Holdings, we pivot to a closer look at the company's own performance.
Where Is United Airlines Holdings Standing Right Now?
- With a volume of 7,012,297, the price of UAL is up 0.89% at $44.44.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 54 days.
What Analysts Are Saying About United Airlines Holdings
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $57.5.
- An analyst from Redburn Atlantic has revised its rating downward to Neutral, adjusting the price target to $50.
- In a positive move, an analyst from Evercore ISI Group has upgraded their rating to Outperform and adjusted the price target to $65.
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 United Airlines Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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