High-rolling investors have positioned themselves bearish on United Parcel Service UPS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in UPS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for United Parcel Service. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $62,500, and 8 calls, totaling $317,360.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $150.0 for United Parcel Service over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United Parcel Service's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Parcel Service's substantial trades, within a strike price spectrum from $150.0 to $150.0 over the preceding 30 days.
United Parcel Service Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | CALL | SWEEP | BULLISH | 04/19/24 | $150.00 | $65.0K | 1.9K | 900 |
| UPS | PUT | SWEEP | BEARISH | 01/17/25 | $150.00 | $62.5K | 2.0K | 50 |
| UPS | CALL | SWEEP | BULLISH | 04/19/24 | $150.00 | $45.8K | 1.9K | 286 |
| UPS | CALL | SWEEP | BEARISH | 03/08/24 | $150.00 | $42.8K | 1.9K | 534 |
| UPS | CALL | SWEEP | BEARISH | 04/19/24 | $150.00 | $37.8K | 1.9K | 609 |
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.
Where Is United Parcel Service Standing Right Now?
- With a volume of 772,343, the price of UPS is down -0.23% at $150.27.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 49 days.
What Analysts Are Saying About United Parcel Service
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $172.5.
- An analyst from UBS has elevated its stance to Buy, setting a new price target at $175.
- Showing optimism, an analyst from Baird upgrades its rating to Outperform with a revised price target of $170.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United Parcel Service with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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