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 9 uncommon options trades for Honeywell Intl.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $143,480, and 7 are calls, for a total amount of $389,589.

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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 $195.0 and $215.0 for Honeywell Intl, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Honeywell Intl stands at 183.33, with a total volume reaching 4,312.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Honeywell Intl, situated within the strike price corridor from $195.0 to $215.0, throughout the last 30 days.

Honeywell Intl Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.

Following our analysis of the options activities associated with Honeywell Intl, we pivot to a closer look at the company's own performance.

Honeywell Intl's Current Market Status

• Trading volume stands at 335,055, with HON's price down by -0.26%, positioned at $213.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 24 days.

Professional Analyst Ratings for Honeywell Intl

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $225.66666666666666.

• Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Honeywell Intl, targeting a price of $244.
• An analyst from RBC Capital persists with their Sector Perform rating on Honeywell Intl, maintaining a target price of $218.
• An analyst from UBS upgraded its action to Neutral with a price target of $215.

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.