Investors Eye Honeywell Intl (HON) Options: An In-Depth Look

Understanding Whale Activity in Honeywell Intl (HON)

Recently, significant investors, commonly referred to as 'whales', have shown a bullish outlook on Honeywell International. This noteworthy interest in options trading indicates potential upward trends for the company.

Upon reviewing the options activity for Honeywell Intl (HON), we uncovered 13 recorded trades indicating market sentiment. Specifically, 61% of these trades were initiated with bullish expectations, while 38% leaned towards bearish.

A closer examination of the trades reveals that there were 9 puts, aggregating to $901,501, contrasted with 4 calls amounting to $130,046. These figures suggest that market players are hedging their positions while still expressing optimism.

What Are the Expected Price Targets?

Looking at the recent volume and open interest data for Honeywell Intl's options contracts, it appears that traders have set their sights on a price target between $175.00 and $230.00 in the upcoming months. This target reflects an analysis of market dynamics and investor behavior over the past three months.

Volume and Open Interest Trends

Understanding the volume and open interest is crucial for options trading as these indicators can provide insight into liquidity and investor interest surrounding specific strike prices. This analysis will highlight the recent volatility in trade volume and open interest concerning Honeywell Intl's options, specifically between the strike price range of $175.00 and $230.00 observed over the last 30 days.

Detailed Analysis of Honeywell Intl's Options Activity

In the previous month, several substantial options trades were made that stood out. Here are the largest categorized trades:

Notable Options Trades

Here’s a summary of the major trades that occurred:

• Trade Type: SWEEP; Sentiment: BULLISH; Expiration: 10/18/24, Total Trade Price: $312.7K, Strike Price: $195.00, Open Interest: 316, Volume: 1
• Trade Type: SWEEP; Sentiment: BULLISH; Expiration: 12/20/24, Total Trade Price: $126.4K, Strike Price: $195.00, Open Interest: 602, Volume: 562
• Trade Type: SWEEP; Sentiment: BULLISH; Expiration: 12/20/24, Total Trade Price: $82.1K, Strike Price: $190.00, Open Interest: 621, Volume: 173
• Trade Type: TRADE; Sentiment: BULLISH; Expiration: 01/16/26, Total Trade Price: $78.7K, Strike Price: $230.00, Open Interest: 3, Volume: 25
• Trade Type: SWEEP; Sentiment: BEARISH; Expiration: 12/20/24, Total Trade Price: $69.8K, Strike Price: $210.00, Open Interest: 417, Volume: 135

About Honeywell Intl

Honeywell has a long and storied history, tracing back to 1885 when Albert Butz founded Butz Thermo-Electric Regulator. The company has since evolved, launching numerous innovations like biodegradable detergents and autopilot systems. Today, Honeywell is a global powerhouse operating in multiple industries, segmenting its operations into aerospace, industrial automation, energy solutions, and building automation. Recent strategies have prompted Honeywell to cut down on the number of markets it serves, focusing instead on trends with considerable growth potential. Notably, 30% of its revenue is derived from recurring aftermarket services, underlining the significance of customer retention.

In light of the options trading data available, it’s essential to conduct a deeper analysis of Honeywell’s current performance within the market.

Current Standing of Honeywell Intl

• Current trading shows a total volume of 633,074 and a modest decline of -0.27%, with the stock price now at $200.41.
• Relative Strength Index (RSI) indicates that the stock may be approaching overbought levels.
• Upcoming anticipated earnings are set to be announced in approximately 43 days.

Expert Insights on Honeywell Intl

In recent reports, analysts have provided ratings for Honeywell Intl, revealing a consensus target price of $210.00. An analyst from a well-known financial institution recently downgraded their rating to Equal-Weight while maintaining this target price.

Trading options can be riskier than traditional stock trades, but they can potentially yield higher returns. Experienced traders manage these risks by regularly updating their knowledge, strategically entering or exiting positions, and monitoring various market indicators closely.

To keep abreast of the latest options trading activities for Honeywell Intl, consider utilizing platforms that provide real-time trade alerts.

Frequently Asked Questions

What is the current options activity for Honeywell Intl (HON)?

Recent data indicates that the options trading for Honeywell Intl shows a bullish sentiment with significant trades made recently.

What is the price target for Honeywell Intl?

Analysts have set a target price of around $210.00 for Honeywell Intl based on market assessments.

What type of options were traded for Honeywell Intl?

Major trades include puts and calls, with a considerable focus on bearish and bullish sentiments, respectively.

How is Honeywell Intl performing in the market?

The current trading status indicates a small decrease, but the stock is experiencing active interest from significant traders.

What should investors consider when trading options?

Options trading carries higher risks and requires thorough knowledge and regular monitoring of market movements to capitalize on potential gains.

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