UAL options flow: unusual options activity in United Airlines Holdings, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 102 unusual options prints in United Airlines Holdings, Inc. (UAL), $8.2M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $4.1M against $3.5M bearish; $4.9M went into calls and $3.3M into puts, a put call ratio of 0.66. The largest print was $398K of UAL 21 Jan 2028 $120 calls on 22 September 2026, executed at ask. The last session with prints, 25 September 2026, added 17 prints and $1.6M of premium. UAL closed at $113.99 on 25 September 2026, up 2.5%.
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 |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | UAL 21 Jan 2028 $120 calls | Trade | 150 | 665 | $398K | At ask | Bullish | Notable |
| 25 Sep 2026 | UAL 15 Jan 2027 $115 puts | Sweep | 355 | 1,863 | $383K | At ask | Bearish | High conviction |
| 21 Sep 2026 | UAL 16 Oct 2026 $110 puts | Sweep | 898 | 2,859 | $364K | At bid | Bullish | Notable |
| 23 Sep 2026 | UAL 16 Oct 2026 $110 puts | Sweep | 761 | 3,259 | $350K | At ask | Bearish | High conviction |
| 23 Sep 2026 | UAL 17 Dec 2027 $125 puts | Sweep | 101 | 579 | $267K | At ask | Bearish | Notable |
| 21 Sep 2026 | UAL 16 Jun 2028 $100 puts | Trade | 163 | 0 | $262K | At ask | Bearish | High conviction |
| 21 Sep 2026 | UAL 21 Jan 2028 $120 calls | Trade | 100 | 745 | $248K | At ask | Bullish | Notable |
| 22 Sep 2026 | UAL 25 Sep 2026 $120 calls | Sweep | 1,789 | 525 | $206K | At ask | Bullish | High conviction |
| 22 Sep 2026 | UAL 21 Jan 2028 $145 calls | Trade | 100 | 858 | $182K | At bid | Bearish | |
| 25 Sep 2026 | UAL 16 Oct 2026 $119 calls | Sweep | 427 | 605 | $169K | At ask | Bullish | High conviction |
| 21 Sep 2026 | UAL 19 Mar 2027 $135 calls | Sweep | 220 | 1,072 | $166K | At ask | Bullish | Notable |
| 21 Sep 2026 | UAL 19 Mar 2027 $135 calls | Trade | 216 | 1,072 | $163K | At ask | 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 |
|---|---|---|---|---|
| 16 Oct 2026 | 25 | $2.0M | 53% | +$387K |
| 21 Jan 2028 | 12 | $1.3M | 81% | +$663K |
| 15 Jan 2027 | 12 | $1.0M | 41% | -$299K |
| 19 Mar 2027 | 11 | $865K | 80% | +$128K |
| 20 Nov 2026 | 10 | $593K | 67% | +$95K |
| 25 Sep 2026 | 6 | $555K | 81% | +$242K |
The most premium, $2.0M, is aimed at the 16 Oct 2026 expiry; the nearest expiry with unusual prints is 25 Sep 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 | UAL 15 Jan 2027 $115 puts | Sweep | 355 | 1,863 | $383K | At ask | Bearish | High conviction |
| 25 Sep 2026 | UAL 16 Oct 2026 $119 calls | Sweep | 427 | 605 | $169K | At ask | Bullish | High conviction |
| 25 Sep 2026 | UAL 25 Sep 2026 $115 calls | Sweep | 2,000 | 5,291 | $160K | At ask | Bullish | Notable |
| 25 Sep 2026 | UAL 16 Oct 2026 $120 calls | Trade | 365 | 35,526 | $138K | At ask | Bullish | |
| 25 Sep 2026 | UAL 16 Oct 2026 $120 calls | Trade | 300 | 35,526 | $111K | At ask | Bullish |
Every print in UAL with its full detail, the live tape, one tap filters and saved screeners: open UAL in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open UAL in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 15 firms, have a median of $160, 40.4% 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 United Airlines Holdings, Inc.
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Transportation
- Headquarters
- CHICAGO, Illinois
- Website
- united.com
United Airlines Holdings, Inc. provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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 UAL 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 UAL in Options Sentiment Screener