High-rolling investors have positioned themselves bearish on United Airlines Holdings UAL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in UAL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for United Airlines Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 27% bullish and 72% bearish. Among all the options we identified, there was one put, amounting to $40,060, and 10 calls, totaling $398,190.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $49.0 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 1486.0 with a total volume of 1,532.00.
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 $40.0 to $49.0 over the last 30 days.
United Airlines Holdings 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UAL | CALL | SWEEP | BEARISH | 06/21/24 | $44.00 | $98.0K | 1.1K | 196 |
| UAL | CALL | SWEEP | BEARISH | 06/21/24 | $43.00 | $69.8K | 1.1K | 185 |
| UAL | PUT | SWEEP | BULLISH | 03/15/24 | $49.00 | $40.0K | 48 | 108 |
| UAL | CALL | TRADE | BEARISH | 12/18/26 | $47.00 | $36.4K | 3 | 0 |
| UAL | CALL | TRADE | NEUTRAL | 06/21/24 | $43.00 | $32.7K | 1.1K | 245 |
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 3,299,260, the UAL's price is down by -0.4%, now at $45.08.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 53 days.
Expert Opinions on United Airlines Holdings
2 market experts have recently issued ratings for this stock, with a consensus target price of $57.5.
- An analyst from Redburn Atlantic has revised its rating downward to Neutral, adjusting the price target to $50.
- An analyst from Evercore ISI Group has elevated its stance to Outperform, setting a new price target at $65.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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