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News

Linde's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | March 12, 2024 12:30pm

Financial giants have made a conspicuous bearish move on Linde. Our analysis of options history for Linde (NASDAQ:LIN) revealed 19 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $246,372, and 17 were calls, valued at $1,965,302.

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 $385.0 to $465.0 for Linde over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Linde stands at 198.86, with a total volume reaching 1,670.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Linde, situated within the strike price corridor from $385.0 to $465.0, throughout the last 30 days.

Linde Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LIN CALL SWEEP NEUTRAL 01/17/25 $400.00 $243.8K 315 41
LIN CALL SWEEP BEARISH 07/19/24 $385.00 $188.4K 102 100
LIN CALL SWEEP BEARISH 07/19/24 $385.00 $188.4K 102 60
LIN CALL SWEEP BEARISH 01/17/25 $400.00 $186.8K 315 81
LIN CALL TRADE BULLISH 01/16/26 $460.00 $184.2K 96 37

About Linde

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.

Linde's Current Market Status

  • Trading volume stands at 1,341,921, with LIN's price down by -0.41%, positioned at $467.56.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 44 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Linde options trades with real-time alerts from Benzinga Pro.

Posted In: LIN

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