Benzinga | Nov 16, 2021 12:55PM EST

Looking At United Airlines Holdings's Recent Whale Trades

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

Looking at options history for United Airlines Holdings (NASDAQ:UAL) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 28.57% of the investors opened trades with bullish expectations and 71.43% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $158,873 and 10, calls, for a total amount of $434,615.

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 $43.0 to $75.0 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 $43.0 to $75.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestUAL CALL SWEEP BULLISH 03/18/ $55.00 $72.5K 4.9K 253 22UAL CALL SWEEP BULLISH 11/19/ $50.00 $68.0K 11.0K 2.2K 21UAL CALL TRADE BEARISH 01/20/ $75.00 $50.7K 2.2K 505 23UAL PUT SWEEP BEARISH 11/19/ $52.50 $48.0K 1.6K 318 21UAL PUT SWEEP BEARISH 01/21/ $45.00 $45.7K 38.4K 250 22

Where Is United Airlines Holdings Standing Right Now?

* With a volume of 4,453,138, the price of UAL is down -2.48% at $49.23.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 64 days.

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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.