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Behind the Scenes of Linde's Latest Options Trends

Author: Benzinga Insights | July 25, 2024 02:47pm

Financial giants have made a conspicuous bearish move on Linde. Our analysis of options history for Linde (NASDAQ:LIN) revealed 10 unusual trades.

Delving into the details, we found 20% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $65,580, and 8 were calls, valued at $466,188.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $455.0 for Linde over the last 3 months.

Insights into 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 Linde's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Linde's substantial trades, within a strike price spectrum from $400.0 to $455.0 over the preceding 30 days.

Linde Call and Put Volume: 30-Day Overview

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LIN CALL SWEEP BEARISH 01/17/25 $27.4 $26.7 $26.7 $450.00 $95.9K 2.6K 35
LIN CALL SWEEP NEUTRAL 01/17/25 $26.6 $26.4 $26.5 $450.00 $74.2K 2.6K 165
LIN CALL SWEEP BEARISH 01/17/25 $26.8 $26.7 $26.58 $450.00 $69.2K 2.6K 76
LIN CALL SWEEP NEUTRAL 01/16/26 $85.1 $83.2 $83.8 $400.00 $58.7K 29 7
LIN CALL SWEEP BEARISH 01/17/25 $27.9 $26.7 $26.58 $450.00 $58.5K 2.6K 98

About Linde

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.

Having examined the options trading patterns of Linde, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Linde

  • With a volume of 773,982, the price of LIN is up 0.57% at $446.31.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On Linde

2 market experts have recently issued ratings for this stock, with a consensus target price of $477.5.

  • An analyst from UBS persists with their Neutral rating on Linde, maintaining a target price of $475.
  • Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Linde, targeting a price of $480.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Linde options trades with real-time alerts from Benzinga Pro.

Posted In: LIN

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