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Check Out What Whales Are Doing With LIN

Author: Benzinga Insights | March 18, 2024 03:30pm

Financial giants have made a conspicuous bearish move on Linde. Our analysis of options history for Linde (NASDAQ:LIN) revealed 8 unusual trades.

Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $100,350, and 5 were calls, valued at $1,847,430.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $380.0 and $500.0 for Linde, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Linde stands at 170.29, with a total volume reaching 247.00. 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 $380.0 to $500.0, throughout the last 30 days.

Linde 30-Day Option Volume & Interest Snapshot

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LIN CALL TRADE NEUTRAL 04/19/24 $380.00 $1.6M 26 178
LIN CALL SWEEP BEARISH 05/17/24 $455.00 $90.4K 4 34
LIN PUT SWEEP BEARISH 11/15/24 $490.00 $44.8K 0 6
LIN CALL TRADE BEARISH 01/16/26 $500.00 $36.8K 177 7
LIN CALL TRADE BEARISH 06/20/25 $480.00 $34.3K 8 7

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.

In light of the recent options history for Linde, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Linde

  • Trading volume stands at 1,495,165, with LIN's price up by 0.11%, positioned at $468.74.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 38 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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