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What the Options Market Tells Us About United Airlines Holdings

Author: Benzinga Insights | July 12, 2024 12:16pm

Financial giants have made a conspicuous bullish move on United Airlines Holdings. Our analysis of options history for United Airlines Holdings (NASDAQ:UAL) revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $195,805, and 5 were calls, valued at $224,765.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $43.0 to $60.0 for United Airlines Holdings over the recent three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United Airlines Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Airlines Holdings's substantial trades, within a strike price spectrum from $43.0 to $60.0 over the preceding 30 days.

United Airlines Holdings Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UAL PUT SWEEP BULLISH 01/17/25 $15.7 $15.6 $15.6 $60.00 $102.9K 513 0
UAL CALL TRADE BEARISH 07/19/24 $0.54 $0.51 $0.51 $50.00 $76.3K 16.0K 123
UAL PUT SWEEP BULLISH 09/20/24 $8.45 $8.35 $8.35 $52.50 $55.9K 5.4K 3
UAL CALL SWEEP BULLISH 07/26/24 $2.23 $2.2 $2.23 $45.00 $49.6K 100 30
UAL CALL SWEEP BEARISH 09/20/24 $2.82 $2.79 $2.79 $46.00 $40.7K 329 101

About United Airlines Holdings

United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

After a thorough review of the options trading surrounding United Airlines Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of United Airlines Holdings

  • Trading volume stands at 3,629,407, with UAL's price down by -1.82%, positioned at $44.81.
  • RSI indicators show the stock to be may be oversold.
  • Earnings announcement expected in 5 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United Airlines Holdings with Benzinga Pro for real-time alerts.

Posted In: UAL

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