Whales with a lot of money to spend have taken a noticeably bearish stance on United Parcel Service.
Looking at options history for United Parcel Service UPS we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $364,347 and 2, calls, for a total amount of $68,800.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $138.0 to $165.0 for United Parcel Service over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 1459.8 with a total volume of 367.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United Parcel Service's big money trades within a strike price range of $138.0 to $165.0 over the last 30 days.
United Parcel Service 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPS | PUT | SWEEP | BEARISH | 01/17/25 | $11.5 | $11.25 | $11.5 | $140.00 | $93.1K | 3.8K | 120 |
| UPS | PUT | SWEEP | BEARISH | 10/18/24 | $9.1 | $9.0 | $9.1 | $140.00 | $80.0K | 475 | 0 |
| UPS | PUT | SWEEP | BEARISH | 01/17/25 | $11.45 | $11.1 | $11.45 | $140.00 | $65.2K | 3.8K | 120 |
| UPS | PUT | SWEEP | BEARISH | 01/17/25 | $26.85 | $26.15 | $26.37 | $165.00 | $42.1K | 435 | 12 |
| UPS | CALL | SWEEP | BULLISH | 04/26/24 | $6.8 | $6.7 | $6.8 | $138.00 | $36.0K | 8 | 12 |
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 22 million packages per day to residences and businesses across the globe. UPS' domestic US 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. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
Having examined the options trading patterns of United Parcel Service, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
United Parcel Service's Current Market Status
- Trading volume stands at 1,416,248, with UPS's price up by 0.75%, positioned at $143.31.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 5 days.
Expert Opinions on United Parcel Service
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $150.0.
- An analyst from Redburn Atlantic upgraded its action to Buy with a price target of $180.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for United Parcel Service, targeting a price of $150.
- An analyst from Morgan Stanley persists with their Underweight rating on United Parcel Service, maintaining a target price of $100.
- Consistent in their evaluation, an analyst from HSBC keeps a Hold rating on United Parcel Service with a target price of $150.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on United Parcel Service with a target price of $170.
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.
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