Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Investors with significant funds have taken a bearish position in Honeywell Intl (NASDAQ:HON), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in HON usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Honeywell Intl. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 20% being bullish and 40% bearish. Of all the options we discovered, 9 are puts, valued at $439,572, and there was a single call, worth $43,385.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $215.0 for Honeywell Intl, spanning the last three months.
In today's trading context, the average open interest for options of Honeywell Intl stands at 137.5, with a total volume reaching 899.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Honeywell Intl, situated within the strike price corridor from $180.0 to $215.0, throughout the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
HON | PUT | TRADE | BULLISH | 10/18/24 | $11.1 | $10.8 | $10.8 | $210.00 | $59.4K | 51 | 150 |
HON | PUT | SWEEP | NEUTRAL | 12/20/24 | $13.3 | $13.0 | $13.15 | $210.00 | $58.7K | 326 | 124 |
HON | PUT | SWEEP | BEARISH | 12/20/24 | $12.9 | $12.7 | $12.9 | $210.00 | $51.5K | 326 | 79 |
HON | PUT | SWEEP | BEARISH | 10/18/24 | $10.7 | $10.4 | $10.58 | $210.00 | $50.7K | 51 | 95 |
HON | PUT | SWEEP | BEARISH | 12/20/24 | $12.9 | $12.6 | $12.81 | $210.00 | $49.8K | 326 | 39 |
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services.
After a thorough review of the options trading surrounding Honeywell Intl, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $214.5.
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 Honeywell Intl options trades with real-time alerts from Benzinga Pro.
Posted In: HON