Smart Money Is Betting Big In HON Options
Portfolio Pulse from Benzinga Insights
Significant investors are taking bearish positions in Honeywell Intl (NASDAQ:HON) options, indicating potential foreknowledge of upcoming events. Benzinga's options scanner identified 10 transactions, with 9 being puts. Analysts maintain neutral ratings with price targets around $214.5.
August 22, 2024 | 3:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Large investors are taking bearish positions in Honeywell Intl options, with 9 out of 10 transactions being puts. This suggests potential foreknowledge of negative events. Analysts maintain neutral ratings with price targets around $214.5.
The significant bearish options activity suggests that large investors might anticipate negative developments for Honeywell Intl. The majority of options are puts, indicating a bearish outlook. Analysts' neutral ratings and price targets slightly above current levels provide a mixed view, but the options activity is a strong bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100