Benzinga | Jan 7, 2022 01:09PM EST

What Are Whales Doing With United Airlines Holdings

Someone with a lot of money to spend has taken a bullish stance on United Airlines Holdings (NASDAQ:UAL).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with UAL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for United Airlines Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,400, and 11, calls, for a total amount of $544,365..

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 $46.0 to $60.0 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 $46.0 to $60.0 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 BEARISH 03/18/ $55.00 $148.8K 14.0K 1.4K 22UAL CALL SWEEP BEARISH 03/18/ $50.00 $82.5K 21.1K 796 22UAL CALL SWEEP BULLISH 05/20/ $55.00 $68.0K 5.0K 1.9K 22UAL CALL TRADE BULLISH 03/18/ $50.00 $45.5K 21.1K 406 22UAL CALL TRADE BEARISH 03/18/ $60.00 $38.3K 18.4K 538 22

Where Is United Airlines Holdings Standing Right Now?

* With a volume of 4,811,234, the price of UAL is up 3.78% at $47.5.

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

* Next earnings are expected to be released in 12 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.