Whales with a lot of money to spend have taken a noticeably bullish stance on United Parcel Service.
Looking at options history for United Parcel Service UPS we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $80,902 and 6, calls, for a total amount of $385,853.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $175.0 for United Parcel Service, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of United Parcel Service stands at 2667.5, with a total volume reaching 1,031.00. 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 $130.0 to $175.0, throughout the last 30 days.
United Parcel Service Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | CALL | TRADE | NEUTRAL | 06/21/24 | $175.00 | $221.5K | 1.6K | 509 |
| UPS | CALL | TRADE | BEARISH | 01/19/24 | $155.00 | $51.0K | 4.4K | 11 |
| UPS | PUT | TRADE | BEARISH | 01/17/25 | $150.00 | $47.5K | 1.5K | 40 |
| UPS | PUT | SWEEP | BULLISH | 06/21/24 | $130.00 | $33.4K | 1.6K | 134 |
| UPS | CALL | TRADE | BULLISH | 01/19/24 | $150.00 | $28.9K | 1.4K | 76 |
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.
After a thorough review of the options trading surrounding United Parcel Service, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of United Parcel Service
- Trading volume stands at 1,708,926, with UPS's price down by -1.31%, positioned at $153.25.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 54 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for United Parcel Service, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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