Benzinga | Dec 8, 2021 01:21PM 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 38 strange trades.

If we consider the specifics of each trade, it is accurate to state that 47.37% of the investors opened trades with bullish expectations and 52.63% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $457,845.00 and 30, calls, for a total amount of $1,955,117.00.

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 $55.0 for United Airlines Holdings over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for United Airlines Holdings options trades today is 6097.26 with a total volume of 35,749.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for United Airlines Holdings's big money trades within a strike price range of $25.0 to $55.0 over 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 BEARISH 06/17/ $38.00 $227.0K 1.1K 400 22UAL CALL SWEEP BEARISH 12/17/ $43.00 $170.1K 6.8K 613 21UAL CALL SWEEP BULLISH 03/18/ $50.00 $160.0K 16.6K 1.1K 22UAL CALL TRADE NEUTRAL 12/10/ $45.00 $145.0K 7.9K 5.6K 21UAL PUT SWEEP BEARISH 01/20/ $35.00 $93.7K 7.5K 250 23

Where Is United Airlines Holdings Standing Right Now?

* With a volume of 16,299,357.00, the price of UAL is up 4.64% at $45.42.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 42 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.

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