What Are Whales Doing With Union Pacific

What Are Whales Doing With Union Pacific

Someone with a lot of money to spend has taken a bearish stance on Union Pacific UNP.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for Union Pacific.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $910,036, and 13 are calls, for a total amount of $492,012.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $250.0 for Union Pacific over the last 3 months.

Volume & Open Interest Development

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 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 trades within a strike price range from $180.0 to $250.0 in the last 30 days.

Union Pacific Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UNP PUT TRADE BEARISH 12/02/22 $210.00 $170.2K 0 370
UNP PUT TRADE BEARISH 11/18/22 $250.00 $146.8K 51 25
UNP PUT TRADE BEARISH 12/02/22 $210.00 $90.4K 0 104
UNP PUT TRADE BULLISH 12/02/22 $210.00 $89.6K 0 144
UNP PUT TRADE NEUTRAL 11/18/22 $245.00 $62.8K 342 12

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UNP PUT TRADE BEARISH 12/02/22 $210.00 $170.2K 0 370
UNP PUT TRADE BEARISH 11/18/22 $250.00 $146.8K 51 25
UNP PUT TRADE BEARISH 12/02/22 $210.00 $90.4K 0 104
UNP PUT TRADE BULLISH 12/02/22 $210.00 $89.6K 0 144
UNP PUT TRADE NEUTRAL 11/18/22 $245.00 $62.8K 342 12

Where Is Union Pacific Standing Right Now?

  • With a volume of 3,881,540, the price of UNP is down -6.29% at $187.48.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Union Pacific:

  • Wells Fargo has decided to maintain their Equal-Weight rating on Union Pacific, which currently sits at a price target of $210.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Union Pacific, which currently sits at a price target of $187.
  • Raymond James has decided to maintain their Strong Buy rating on Union Pacific, which currently sits at a price target of $230.
  • Susquehanna has decided to maintain their Neutral rating on Union Pacific, which currently sits at a price target of $208.
  • Citigroup has decided to maintain their Neutral rating on Union Pacific, which currently sits at a price target of $210.

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.

Posted In: BZI-UOAOptionsMarkets