LIN options flow: unusual options activity in Linde PLC
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 33 unusual options prints in Linde PLC (LIN), $2.3M of tracked premium, leaning bearish. Bullish premium was $667K against $970K bearish; $1.1M went into calls and $1.2M into puts, a put call ratio of 1.03. The largest print was $292K of LIN 18 Dec 2026 $425 puts on 25 September 2026, executed at ask. The last session with prints, 25 September 2026, added 9 prints and $789K of premium. LIN closed at $469.89 on 25 September 2026, up 0.4%.
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 |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | LIN 18 Dec 2026 $425 puts | Trade | 513 | 46 | $292K | At ask | Neutral | Notable |
| 23 Sep 2026 | LIN 17 Sep 2027 $450 puts | Trade | 100 | 9 | $282K | At ask | Neutral | Notable |
| 24 Sep 2026 | LIN 17 Sep 2027 $500 calls | Sweep | 49 | 3 | $187K | At bid | Bearish | High conviction |
| 25 Sep 2026 | LIN 18 Dec 2026 $470 puts | Sweep | 64 | 72 | $127K | At ask | Bearish | High conviction |
| 25 Sep 2026 | LIN 19 Jan 2029 $460 calls | Trade | 10 | 2 | $94K | At bid | Bearish | Notable |
| 24 Sep 2026 | LIN 17 Sep 2027 $490 calls | Sweep | 21 | 0 | $93K | At ask | Bullish | High conviction |
| 21 Sep 2026 | LIN 19 Jan 2029 $700 calls | Sweep | 42 | 0 | $90K | At bid | Bearish | High conviction |
| 22 Sep 2026 | LIN 16 Oct 2026 $480 calls | Trade | 199 | 360 | $80K | At ask | Bullish | Notable |
| 23 Sep 2026 | LIN 17 Sep 2027 $440 puts | Sweep | 30 | 17 | $76K | At ask | Bearish | High conviction |
| 25 Sep 2026 | LIN 15 Jan 2027 $480 calls | Sweep | 33 | 198 | $71K | At ask | Bullish | Notable |
| 24 Sep 2026 | LIN 17 Sep 2027 $490 calls | Sweep | 15 | 0 | $66K | At ask | Bullish | High conviction |
| 22 Sep 2026 | LIN 15 Jan 2027 $455 puts | Trade | 30 | 462 | $58K | At bid | Bullish |
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 |
|---|---|---|---|---|
| 17 Sep 2027 | 12 | $1.0M | 45% | -$301K |
| 18 Dec 2026 | 4 | $479K | 6% | -$123K |
| 19 Jan 2029 | 4 | $259K | 100% | -$259K |
| 16 Oct 2026 | 4 | $201K | 80% | +$201K |
| 15 Jan 2027 | 3 | $155K | 46% | +$103K |
| 20 Nov 2026 | 3 | $119K | 59% | +$76K |
The most premium, $1.0M, is aimed at the 17 Sep 2027 expiry; the nearest expiry with unusual prints is 16 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 | LIN 18 Dec 2026 $425 puts | Trade | 513 | 46 | $292K | At ask | Neutral | Notable |
| 25 Sep 2026 | LIN 18 Dec 2026 $470 puts | Sweep | 64 | 72 | $127K | At ask | Bearish | High conviction |
| 25 Sep 2026 | LIN 19 Jan 2029 $460 calls | Trade | 10 | 2 | $94K | At bid | Bearish | Notable |
| 25 Sep 2026 | LIN 15 Jan 2027 $480 calls | Sweep | 33 | 198 | $71K | At ask | Bullish | Notable |
| 25 Sep 2026 | LIN 17 Sep 2027 $415 puts | Sweep | 32 | 4 | $58K | At ask | Bearish | High conviction |
Every print in LIN with its full detail, the live tape, one tap filters and saved screeners: open LIN in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open LIN in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 10 firms, have a median of $550, 16.9% 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 Linde PLC
- Exchange
- Nasdaq
- Sector
- Materials
- Industry
- Chemicals
- Website
- linde.com
Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company was founded in 1879 and is based in Woking, the United Kingdom.
In the same sector
Flow pages for other Materials names in the S&P 500:
NEM Newmont Corp.FCX Freeport-McMoRan Inc.SHW Sherwin Williams Co.ECL Ecolab Inc.APD Air Products & Chemicals, Inc.CRH CRH Public Ltd. Co.NUE Nucor Corp.CTVA Corteva, Inc.
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 LIN 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 LIN in Options Sentiment Screener