Market Whales and Their Recent Bets on UAL Options

Financial giants have made a conspicuous bearish move on United Airlines Holdings. Our analysis of options history for United Airlines Holdings UAL revealed 13 unusual trades.

Delving into the details, we found 30% of traders were bullish, while 69% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $303,864, and 8 were calls, valued at $1,024,237.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $48.0 for United Airlines Holdings during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of United Airlines Holdings stands at 4610.67, with a total volume reaching 13,171.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United Airlines Holdings, situated within the strike price corridor from $35.0 to $48.0, throughout the last 30 days.

United Airlines Holdings 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UAL CALL TRADE BEARISH 02/16/24 $45.00 $665.5K 12.6K 5.1K
UAL PUT TRADE NEUTRAL 01/19/24 $43.00 $135.0K 8.2K 2.7K
UAL CALL TRADE BEARISH 06/21/24 $35.00 $112.0K 982 153
UAL CALL SWEEP BULLISH 02/16/24 $45.00 $75.3K 12.6K 569
UAL PUT SWEEP BULLISH 02/16/24 $45.00 $72.1K 648 286

About United Airlines Holdings

United Airlines is a major U.S. network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

After a thorough review of the options trading surrounding United Airlines Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is United Airlines Holdings Standing Right Now?

  • With a volume of 3,519,846, the price of UAL is up 0.57% at $43.79.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 12 days.

What The Experts Say On United Airlines Holdings

In the last month, 3 experts released ratings on this stock with an average target price of $60.333333333333336.

  • An analyst from B of A Securities upgraded its action to Buy with a price target of $56.
  • An analyst from Susquehanna has elevated its stance to Positive, setting a new price target at $60.
  • Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on United Airlines Holdings with a target price of $65.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United Airlines Holdings options trades with real-time alerts from Benzinga Pro.

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UALUnited Airlines Holdings Inc
$84.254.85%

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Momentum
83.26
Growth
99.33
Quality
Not Available
Value
74.93
Price Trend
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