HWM options flow: unusual options activity in Howmet Aerospace Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 26 unusual options prints in Howmet Aerospace Inc. (HWM), $2.2M of tracked premium, leaning firmly bearish. Bullish premium was $605K against $1.4M bearish; $1.3M went into calls and $882K into puts, a put call ratio of 0.66. The largest print was $651K of HWM 20 Nov 2026 $190 puts on 21 September 2026, swept at ask. The last session with prints, 25 September 2026, added 3 prints and $100K of premium. HWM closed at $232.48 on 25 September 2026, up 1.4%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | HWM 20 Nov 2026 $190 puts | Sweep | 2,570 | 1 | $651K | At ask | Bearish | High conviction |
| 21 Sep 2026 | HWM 17 Jun 2027 $120 calls | Trade | 35 | 0 | $395K | At bid | Bearish | High conviction |
| 23 Sep 2026 | HWM 20 Nov 2026 $180 calls | Sweep | 29 | 6 | $152K | At ask | Bullish | High conviction |
| 21 Sep 2026 | HWM 21 Jan 2028 $180 calls | Trade | 20 | 54 | $148K | At ask | Bullish | Notable |
| 21 Sep 2026 | HWM 17 Jun 2027 $250 calls | Sweep | 43 | 39 | $104K | Below bid | Bearish | High conviction |
| 21 Sep 2026 | HWM 9 Oct 2026 $235 calls | Sweep | 231 | 63 | $104K | At ask | Bullish | High conviction |
| 23 Sep 2026 | HWM 2 Oct 2026 $225 calls | Trade | 70 | 79 | $48K | At bid | Bearish | |
| 21 Sep 2026 | HWM 21 Jan 2028 $180 calls | Trade | 6 | 54 | $44K | At ask | Bullish | |
| 25 Sep 2026 | HWM 15 Jan 2027 $250 calls | Sweep | 35 | 383 | $40K | At bid | Bearish | |
| 21 Sep 2026 | HWM 19 Mar 2027 $300 puts | Trade | 5 | 8 | $38K | At ask | Bearish | |
| 22 Sep 2026 | HWM 15 Jan 2027 $300 puts | Trade | 5 | 11 | $37K | At ask | Neutral | |
| 24 Sep 2026 | HWM 19 Mar 2027 $250 puts | Sweep | 11 | 61 | $36K | At ask | Neutral |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 20 Nov 2026 | 5 | $901K | 24% | -$499K |
| 17 Jun 2027 | 4 | $557K | 100% | -$557K |
| 21 Jan 2028 | 4 | $253K | 100% | +$222K |
| 15 Jan 2027 | 3 | $112K | 67% | -$74K |
| 9 Oct 2026 | 1 | $104K | 100% | +$104K |
| 19 Mar 2027 | 2 | $74K | 0% | -$38K |
The most premium, $901K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 9 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | HWM 15 Jan 2027 $250 calls | Sweep | 35 | 383 | $40K | At bid | Bearish | |
| 25 Sep 2026 | HWM 16 Oct 2026 $260 puts | Trade | 10 | 360 | $30K | At ask | Bearish | |
| 25 Sep 2026 | HWM 19 Jan 2029 $220 puts | Trade | 8 | 6 | $30K | At bid | Bullish | Notable |
Every print in HWM with its full detail, the live tape, one tap filters and saved screeners: open HWM in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open HWM in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 12 firms, have a median of $340, 46.2% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Howmet Aerospace Inc.
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Steel Works
- Headquarters
- PITTSBURGH , Pennsylvania
- Website
- howmet.com
Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
In the same sector
Flow pages for other Industrials names in the S&P 500:
CAT Caterpillar Inc.GE General Electric Co.GEV GE Vernova Inc.RTX RTX Corp.DE Deere & Co.ETN Eaton Corp. plcUNP Union Pacific Corp.BA Boeing Co.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for HWM with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open HWM in Options Sentiment Screener