Investors with a lot of money to spend have taken a bearish stance on United Parcel Service UPS.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with UPS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 18 options trades for United Parcel Service.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.
Out of all of the options we uncovered, 17 are puts, for a total amount of $1,176,373, and there was 1 call, for a total amount of $57,520.
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 $110.0 to $200.0 for United Parcel Service over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 874.0 with a total volume of 1,204.00.
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 $110.0 to $200.0 over the last 30 days.
United Parcel Service Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | PUT | TRADE | BULLISH | 01/19/24 | $170.00 | $278.8K | 777 | 0 |
| UPS | PUT | TRADE | BEARISH | 04/19/24 | $185.00 | $126.2K | 0 | 30 |
| UPS | PUT | SWEEP | BEARISH | 06/21/24 | $140.00 | $85.6K | 528 | 204 |
| UPS | PUT | TRADE | BULLISH | 01/19/24 | $200.00 | $85.1K | 3 | 15 |
| UPS | PUT | SWEEP | BULLISH | 01/19/24 | $150.00 | $74.9K | 1.5K | 188 |
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.
Current Position of United Parcel Service
- With a trading volume of 2,007,345, the price of UPS is up by 3.76%, reaching $143.36.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 77 days from now.
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.
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