Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Looking At Union Pacific's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Union Pacific (NYSE:UNP).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with UNP, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Union Pacific.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $428,725, and 2 are calls, for a total amount of $171,000.

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 $105.0 to $260.0 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 $105.0 to $260.0 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 TRADE BEARISH 01/19/24 $105.00 $135.6K 12 10
UNP PUT TRADE BULLISH 06/16/23 $250.00 $51.0K 186 90
UNP PUT TRADE BULLISH 06/16/23 $250.00 $47.6K 186 75
UNP PUT TRADE BULLISH 06/16/23 $250.00 $47.4K 186 61
UNP PUT TRADE BEARISH 06/16/23 $250.00 $40.8K 186 113

Where Is Union Pacific Standing Right Now?

  • With a volume of 938,824, the price of UNP is down -1.52% at $241.13.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 13 days.

What The Experts Say On Union Pacific:

  • B of A Securities downgraded its action to Neutral with a price target of $258
  • JP Morgan has decided to maintain their Overweight rating on Union Pacific, which currently sits at a price target of $276.
  • Susquehanna has decided to maintain their Positive rating on Union Pacific, which currently sits at a price target of $310.
  • RBC Capital downgraded its action to Sector Perform with a price target of $258

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.