Smart Money Is Betting Big In UAL Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on United Airlines Holdings (NASDAQ:UAL), as observed through unusual options trades. Benzinga's options scanner detected 10 uncommon trades, with a split sentiment of 30% bullish and 50% bearish. The trades suggest a price range of $33.0 to $60.0 for UAL over the next three months. The current market price of UAL is $48.3, down 0.43%, with RSI indicators hinting at an oversold condition. An analyst from Redburn Atlantic recently upgraded UAL to Buy with a price target of $70.
July 05, 2024 | 5:03 pm
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Significant investors have taken a bearish stance on United Airlines Holdings (NASDAQ:UAL) through unusual options trades. The sentiment is split with 30% bullish and 50% bearish, suggesting a price range of $33.0 to $60.0 over the next three months. The current market price is $48.3, down 0.43%. An analyst from Redburn Atlantic upgraded UAL to Buy with a price target of $70.
The detection of unusual options trades with a predominantly bearish sentiment indicates that significant investors expect a decline in UAL's stock price. The current market price is down, and despite an analyst upgrade, the overall sentiment from options trading suggests a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100