Financial giants have made a conspicuous bearish move on Union Pacific. Our analysis of options history for Union Pacific UNP revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $73,580, and 6 were calls, valued at $296,461.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $280.0 for Union Pacific, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Union Pacific's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Union Pacific's substantial trades, within a strike price spectrum from $150.0 to $280.0 over the preceding 30 days.
Union Pacific Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UNP | CALL | TRADE | BULLISH | 01/19/24 | $150.00 | $94.0K | 11 | 10 |
| UNP | CALL | SWEEP | BEARISH | 01/19/24 | $250.00 | $85.0K | 9.4K | 347 |
| UNP | PUT | TRADE | BEARISH | 06/21/24 | $235.00 | $46.5K | 338 | 50 |
| UNP | CALL | SWEEP | BEARISH | 01/17/25 | $280.00 | $33.9K | 398 | 347 |
| UNP | CALL | SWEEP | BULLISH | 01/19/24 | $230.00 | $30.7K | 2.6K | 21 |
About Union Pacific
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated $25 billion of revenue in 2022 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives roughly 10% of its revenue hauling freight to and from Mexico.
Having examined the options trading patterns of Union Pacific, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Union Pacific's Current Market Status
- With a volume of 1,559,261, the price of UNP is down -0.06% at $241.84.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 38 days.
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.
© 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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