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Benzinga
Benzinga
Business
Benzinga Insights

What Are Whales Doing With United Airlines Holdings

A whale with a lot of money to spend has taken a noticeably bullish stance on United Airlines Holdings.

Looking at options history for United Airlines Holdings (NASDAQ:UAL) we detected 30 strange trades.

If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $1,323,080 and 23, calls, for a total amount of $1,690,093.

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 $50.0 for United Airlines Holdings 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 United Airlines Holdings'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 United Airlines Holdings's whale trades within a strike price range from $25.0 to $50.0 in 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 PUT SWEEP BEARISH 01/19/24 $50.00 $664.0K 218 0
UAL CALL TRADE BULLISH 04/22/22 $35.00 $320.0K 1.2K 407
UAL PUT TRADE NEUTRAL 01/20/23 $35.00 $288.0K 8.0K 407
UAL CALL TRADE BEARISH 05/20/22 $43.00 $264.6K 10.7K 2.1K
UAL PUT SWEEP BEARISH 01/20/23 $35.00 $192.4K 8.0K 370

Where Is United Airlines Holdings Standing Right Now?

  • With a volume of 7,852,685, the price of UAL is up 1.42% at $42.01.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 31 days.

What The Experts Say On United Airlines Holdings:

  • Exane BNP Paribas upgraded its action to Neutral with a price target of $38

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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