A whale with a lot of money to spend has taken a noticeably bullish stance on Union Pacific.
Looking at options history for Union Pacific (NYSE:UNP) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $75,080 and 8, calls, for a total amount of $441,592.
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 $175.0 to $220.0 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 $175.0 to $220.0 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 | CALL | SWEEP | BULLISH | 11/18/22 | $220.00 | $98.0K | 516 | 101 |
| UNP | CALL | TRADE | BULLISH | 08/19/22 | $210.00 | $92.8K | 1.5K | 304 |
| UNP | CALL | TRADE | BEARISH | 11/18/22 | $215.00 | $62.7K | 754 | 71 |
| UNP | CALL | TRADE | BEARISH | 08/19/22 | $175.00 | $55.0K | 8 | 23 |
| UNP | PUT | TRADE | NEUTRAL | 08/19/22 | $210.00 | $49.6K | 1.8K | 358 |
Where Is Union Pacific Standing Right Now?
- With a volume of 700,919, the price of UNP is up 0.55% at $213.07.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 90 days.
What The Experts Say On Union Pacific:
- Deutsche Bank has decided to maintain their Buy rating on Union Pacific, which currently sits at a price target of $232.
- Evercore ISI Group has decided to maintain their In-Line rating on Union Pacific, which currently sits at a price target of $236.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Union Pacific, which currently sits at a price target of $210.
- UBS has decided to maintain their Neutral rating on Union Pacific, which currently sits at a price target of $236.
- Raymond James has decided to maintain their Strong Buy rating on Union Pacific, which currently sits at a price target of $250.
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.
