Exploring Honeywell Intl's Options Trends and Market Analysis
Understanding Honeywell Intl's Current Options Landscape
The dynamic environment of finance recently showcased an intriguing shift with notable bearish movements concerning Honeywell Intl. The latest analysis of options trading data for Honeywell Intl (HON) has spotlighted a total of 10 unique trades that have piqued interest among traders.
In an examination of the trading activity, it was discovered that only 30% of traders leaned towards bullish positions, while a significant 50% displayed bearish sentiments. Among the various trades identified, 2 were puts, cumulatively valued at $194,900, contrasted with 8 calls that amounted to $266,989.
Insights on Anticipated Price Fluctuations
The analysis suggests that prominent investors are targeting price movements for Honeywell Intl, aiming for a range between $165.0 to $212.5 over the past quarter. This suggests a meticulous approach by traders to navigate the current landscape and anticipate volatility.
Evaluating Volume and Open Interest Metrics
A careful examination of the volume and open interest in Honeywell Intl's options gives critical insight into market research. Understanding these figures is pivotal in evaluating the liquidity and interest surrounding options trading at particular strike prices. Below is a brief overview of the trends in volume and open interest pertaining to calls and puts over a significant strike price range of $165.0 to $212.5, recorded throughout the previous month.
Recent Trends in Honeywell Intl’s Options Trading
This past month has illustrated a notable pattern of trading activity. Significant options trades detected reveal a mix of trade types, showcasing the diverse strategies employed by traders. Here are some highlights from the last 30 days:
Key Options Trades Identified:
Symbol: HON
Trade Details:
- Type: PUT
- Trade Type: SWEEP
- Sentiment: BEARISH
- Expiration Date: 03/21/25
- Ask: $1.4
- Bid: $1.25
- Strike Price: $200.00
- Total Trade Price: $128.1K
- Open Interest: 4.1K
- Volume: 128
Monitoring Analysts Ratings for Honeywell Intl
Five notable market analysts have recently shared their perspectives on Honeywell Intl, providing a consensus target price of $236.8. Here’s a closer look at their ratings:
- An analyst from RBC Capital has maintained a Sector Perform rating, holding firm on a price target of $236.
- In a positive shift, an analyst from Deutsche Bank upgraded their rating to Buy, setting a fresh price target at $260.
- Barclays has retained its Overweight rating with a corresponding price target of $251.
- Meanwhile, an analyst from Morgan Stanley holds an Equal-Weight rating, targeting a price of $217.
- Wells Fargo also maintains its Equal-Weight rating while setting a target price of $220.
Current Status of Honeywell Intl’s Market
The present metrics for Honeywell Intl paint a vivid picture of its performance. At a trading volume of 1,698,031, the price of HON has increased by 1.21%, sitting at $210.56. RSI indicators currently indicate a balance in the stock's position, suggesting neutrality between overbought and oversold conditions. It’s also noteworthy that the next earnings report is anticipated to be released in about two months.
Industry Insights and Risks of Options Trading
Engaging in options trading can present heightened risks alongside potential rewards. Savvy traders mitigate these risks through continuous learning, adjusting their strategies, and vigilantly monitoring diverse indicators to stay attuned to market movements. Those eager to stay ahead can keep track of the latest Honeywell Intl options trades and market updates through timely alerts designed for dynamic traders.
Frequently Asked Questions
What recent options trades have been made for Honeywell Intl?
Recent analysis indicates a mix of 10 trades, with both puts and calls reflecting varying trader sentiments.
What are analysts forecasting for Honeywell Intl's stock price?
Analysts have set a consensus target price of $236.8 for Honeywell Intl, with some predicting even higher valuations.
How does Honeywell Intl's current volume affect its trading?
The current trading volume stands at 1,698,031, suggesting active interest and a relatively stable price of $210.56.
What is the risk associated with options trading on Honeywell Intl?
Options trading involves significant risks; traders should remain educated and adaptable in their approaches.
How can I stay updated on Honeywell Intl’s options trading?
Investors can stay informed by utilizing real-time alerts and market updates while tracking trades and developments.
About The Author
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