Traders See Bullish Options Activity United Continental Holdings Inc

 Traders See Bullish Options Activity United Continental Holdings Inc

In today’s session United Continental Holdings Inc (UAL) registered an unusually high (821) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious UAL increase. With 821 contracts traded and 46014 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: UAL161118C00057500 closed last at: $1.12 or 10.4% down. About 892,229 shares traded hands. United Continental Holdings Inc (NYSE:UAL) has risen 2.97% since April 5, 2016 and is uptrending. It has outperformed by 1.01% the S&P500.

United Continental Holdings Inc (NYSE:UAL) Ratings Coverage

Out of 14 analysts covering United Continental (NYSE:UAL), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. $88 is the highest target while $42 is the lowest. The $65.75 average target is 12.62% above today’s ($58.38) stock price. United Continental has been the topic of 28 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse with “Outperform” on Friday, January 22. The rating was initiated by Standpoint Research with “Buy” on Monday, August 24. The firm has “Outperform” rating by Imperial Capital given on Wednesday, October 19. The stock of United Continental Holdings Inc (NYSE:UAL) has “Outperform” rating given on Friday, January 22 by Cowen & Co. The stock of United Continental Holdings Inc (NYSE:UAL) has “Outperform” rating given on Monday, August 31 by Cowen & Co. Imperial Capital initiated the stock with “Outperform” rating in Tuesday, August 23 report. The stock has “Buy” rating given by Deutsche Bank on Friday, July 24. Deutsche Bank downgraded United Continental Holdings Inc (NYSE:UAL) rating on Friday, April 1. Deutsche Bank has “Hold” rating and $62 price target. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, October 12 report. Raymond James upgraded the shares of UAL in a report on Tuesday, August 30 to “Outperform” rating.

According to Zacks Investment Research, “United Continental Holdings, Inc. is in Airlines industry. It is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. The Company manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.”

Insitutional Activity: The institutional sentiment increased to 0.84 in 2016 Q2. Its up 0.18, from 0.66 in 2016Q1. The ratio is positive, as 82 funds sold all United Continental Holdings Inc shares owned while 184 reduced positions. 70 funds bought stakes while 154 increased positions. They now own 303.48 million shares or 6.76% less from 325.50 million shares in 2016Q1.
Salient Cap Advsrs Limited Co accumulated 9,300 shares or 0.01% of the stock. Bokf Na accumulated 5,972 shares or 0.01% of the stock. The United Kingdom-based Blackrock Gru has invested 0.05% in United Continental Holdings Inc (NYSE:UAL). Wedge Capital Mngmt L L P Nc has 0.01% invested in the company for 85,900 shares. Oakbrook Ltd holds 37,750 shares or 0.09% of its portfolio. Balasa Dinverno Foltz Lc last reported 0.13% of its portfolio in the stock. Hightower Advsr Limited Liability holds 0.02% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 35,631 shares. The Utah-based Utah Retirement has invested 0.07% in United Continental Holdings Inc (NYSE:UAL). Bluecrest Capital Management holds 0.06% of its portfolio in United Continental Holdings Inc (NYSE:UAL) for 33,405 shares. Primecap Ca has 0.86% invested in the company for 19.59 million shares. Rudman Errol M reported 202,400 shares or 7.94% of all its holdings. The Korea-based Korea Inv has invested 0.02% in United Continental Holdings Inc (NYSE:UAL). Mitsubishi Ufj Trust & Corp accumulated 0.02% or 187,522 shares. The Nebraska-based Ameritas Prtn has invested 0.02% in United Continental Holdings Inc (NYSE:UAL). Ubs Oconnor Ltd Company last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 2, 2016, the stock had 1 insider purchase, and 0 insider sales for $764,393 net activity. 15,000 shares were bought by Levy Andrew C, worth $764,393.

United Continental Holdings, Inc. is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The company has a market cap of $18.45 billion. The Firm transports people and cargo through its mainline operations. It has a 7.17 P/E ratio. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America.

UAL Company Profile

United Continental Holdings, Inc. (UAL), incorporated on December 30, 1968, is a holding firm and its principal subsidiary is United Air Lines, Inc. (United). The Firm transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B. Won Pat International Airport (Guam), San Francisco International Airport (SFO) and Washington Dulles International Airport (Washington Dulles).

More news for United Continental Holdings Inc (NYSE:UAL) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: United Continental Holdings, Inc., 40.0% Follow …” on October 17, 2016. Bloomberg.com‘s article titled: “After Sudden 41% Stock Rally, United Air Needs to Deliver” and published on October 17, 2016 is yet another important article.

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