Honeywell Intl Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on Honeywell Intl HON.

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 HON, 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 13 uncommon options trades for Honeywell Intl.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $176,524, and 8 are calls, for a total amount of $354,183.

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 $185.0 and $210.0 for Honeywell Intl, spanning the last three months.

Volume & Open Interest Trends

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 Honeywell Intl'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 Honeywell Intl's whale trades within a strike price range from $185.0 to $210.0 in the last 30 days.

Honeywell Intl 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Honeywell Intl

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

In light of the recent options history for Honeywell Intl, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Honeywell Intl

• Trading volume stands at 954,302, with HON's price up by 0.61%, positioned at $198.9.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 38 days.

What Analysts Are Saying About Honeywell Intl

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $240.0.

• In a positive move, an analyst from Berenberg has upgraded their rating to Buy and adjusted the price target to $240.

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 Honeywell Intl with Benzinga Pro for real-time alerts.