United Airlines Holdings Unusual Options Activity For December 06

United Airlines Holdings Unusual Options Activity For December 06

A whale with a lot of money to spend has taken a noticeably bearish stance on United Airlines Holdings.

Looking at options history for United Airlines Holdings UAL we detected 22 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $72,375 and 20, calls, for a total amount of $1,292,838.

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 $39.0 to $55.0 for United Airlines Holdings over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for United Airlines Holdings'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 United Airlines Holdings's whale activity within a strike price range from $39.0 to $55.0 in the last 30 days.

United Airlines Holdings 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
UAL CALL SWEEP BULLISH 01/20/23 $45.00 $160.6K 20.1K 1.0K
UAL CALL SWEEP BEARISH 01/20/23 $45.00 $158.5K 20.1K 1.0K
UAL CALL SWEEP BEARISH 01/20/23 $45.00 $146.0K 20.1K 2.0K
UAL CALL SWEEP BEARISH 01/19/24 $55.00 $118.4K 3.6K 200
UAL CALL TRADE BEARISH 12/09/22 $44.00 $74.5K 2.5K 3.8K

Where Is United Airlines Holdings Standing Right Now?

  • With a volume of 2,367,404, the price of UAL is up 0.53% at $45.27.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 43 days.

What The Experts Say On United Airlines Holdings:

  • Argus Research upgraded its action to Buy with a price target of $52
  • Morgan Stanley upgraded its action to Overweight with a price target of $67

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.

Posted In: BZI-UOAOptionsMarkets