Investors with a lot of money to spend have taken a bearish stance on Eaton Corp ETN.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ETN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 21 uncommon options trades for Eaton Corp.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 66%, bearish.
Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,380,983, and 3 are calls, for a total amount of $118,330.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $260.0 to $410.0 for Eaton Corp over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Eaton Corp options trades today is 554.42 with a total volume of 5,716.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Eaton Corp's big money trades within a strike price range of $260.0 to $410.0 over the last 30 days.
Eaton Corp 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETN | PUT | SWEEP | BEARISH | 06/20/25 | $13.3 | $12.2 | $13.3 | $280.00 | $234.0K | 1.5K | 421 |
| ETN | PUT | SWEEP | BEARISH | 06/20/25 | $9.1 | $8.2 | $9.1 | $270.00 | $191.9K | 731 | 511 |
| ETN | PUT | SWEEP | BEARISH | 06/20/25 | $13.3 | $12.2 | $13.3 | $280.00 | $150.3K | 1.5K | 132 |
| ETN | PUT | SWEEP | BEARISH | 06/20/25 | $7.4 | $7.3 | $7.3 | $260.00 | $113.8K | 633 | 296 |
| ETN | PUT | SWEEP | BULLISH | 05/02/25 | $4.7 | $4.2 | $4.2 | $260.00 | $82.6K | 2 | 916 |
About Eaton Corp
Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets. Eaton's portfolio can broadly be divided into two parts: its electrical and industrial businesses. Its electrical portfolio (representing around 70% of company revenue) sells components within data centers, utilities, and commercial and residential buildings, while its industrial business (30% of revenue) sells components within commercial and passenger vehicles and aircraft. Eaton receives favorable tax treatment as a domiciliary of Ireland, but it generates over half of its revenue within the US.
Where Is Eaton Corp Standing Right Now?
- Currently trading with a volume of 2,565,244, the ETN's price is down by -0.95%, now at $297.16.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 34 days.
What Analysts Are Saying About Eaton Corp
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $324.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Keybanc has elevated its stance to Overweight, setting a new price target at $340. * An analyst from Jefferies persists with their Buy rating on Eaton Corp, maintaining a target price of $335. * An analyst from Barclays persists with their Equal-Weight rating on Eaton Corp, maintaining a target price of $315. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Eaton Corp with a target price of $305. * An analyst from Barclays persists with their Equal-Weight rating on Eaton Corp, maintaining a target price of $325.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Eaton Corp options trades with real-time alerts from Benzinga Pro.
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