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Hawk’s Nest

Transport Leader Sees Bullish Call Buyers into Support

by | Sep 1, 2022

Union Pacific (UNP) buyers of 1500 Oct 7th $230 calls bought for $4.80 up to $5.09 as the stock comes back to test support near the 50% retracement at 222.50 and going red to green in a weak tape. The name has seen bull flows the past week as well looking for a short term low to form on this pullback. Closing back above monthly value at 228.60 would signal confirmation of a bounce starting.