Financial giants have made a conspicuous bullish move on United Parcel Service. Our analysis of options history for United Parcel Service UPS revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $88,670, and 7 were calls, valued at $430,879.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $175.0 for United Parcel Service during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of United Parcel Service stands at 2356.33, with a total volume reaching 4,134.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United Parcel Service, situated within the strike price corridor from $145.0 to $175.0, throughout the last 30 days.
United Parcel Service Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | CALL | SWEEP | BULLISH | 05/17/24 | $145.00 | $108.4K | 821 | 220 |
| UPS | CALL | SWEEP | BULLISH | 05/17/24 | $145.00 | $107.9K | 821 | 120 |
| UPS | CALL | SWEEP | BEARISH | 01/17/25 | $175.00 | $67.5K | 10.0K | 150 |
| UPS | CALL | TRADE | BULLISH | 05/17/24 | $145.00 | $53.6K | 821 | 474 |
| UPS | PUT | TRADE | BEARISH | 09/20/24 | $150.00 | $52.9K | 476 | 51 |
About United Parcel Service
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.
Following our analysis of the options activities associated with United Parcel Service, we pivot to a closer look at the company's own performance.
Present Market Standing of United Parcel Service
- With a volume of 1,367,765, the price of UPS is down -0.44% at $147.75.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 63 days.
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 United Parcel Service options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
