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 (NASDAQ:UAL) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $73,050 and 9, calls, for a total amount of $499,090.
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 $25.0 to $80.0 for United Airlines Holdings over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for United Airlines Holdings options trades today is 1734.82 with a total volume of 1,645.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Airlines Holdings's big money trades within a strike price range of $25.0 to $80.0 over 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 | TRADE | BULLISH | 01/19/24 | $25.00 | $135.4K | 236 | 0 |
| UAL | CALL | SWEEP | BULLISH | 06/10/22 | $41.00 | $81.6K | 184 | 120 |
| UAL | CALL | TRADE | BEARISH | 09/16/22 | $55.00 | $59.1K | 9.5K | 200 |
| UAL | CALL | TRADE | BEARISH | 05/27/22 | $46.50 | $58.5K | 588 | 380 |
| UAL | CALL | TRADE | BEARISH | 09/16/22 | $50.00 | $44.5K | 2.7K | 103 |
Where Is United Airlines Holdings Standing Right Now?
- With a volume of 1,986,386, the price of UAL is down -0.34% at $46.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 62 days.
What The Experts Say On United Airlines Holdings:
- Cowen & Co. has decided to maintain their Outperform rating on United Airlines Holdings, which currently sits at a price target of $86.
- Argus Research upgraded its action to Buy with a price target of $59
- Goldman Sachs has decided to maintain their Buy rating on United Airlines Holdings, which currently sits at a price target of $59.
- JP Morgan upgraded its action to Overweight with a price target of $76
- Barclays has decided to maintain their Equal-Weight rating on United Airlines Holdings, which currently sits at a price target of $58.
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.
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