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Barchart
Mark R. Hake, CFA

Huge, Unusual Volume in Long-Term Puts in Honeywell Shows Investors Are Bullish

Today, a large, unusual volume in very long-dated, deep out-of-the-money (OTM) put options traded in Honeywell International (HON). Investors are bullish on HON stock, especially given management's FCF guidance released yesterday.

HON is trading at $213.31 in midday trading, up slightly. However, since the end of May, HON stock has dropped from a peak of $237.86 on May 29. It could have good upside based on what management said yesterday.

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