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, 5 are puts, for a total amount of $191,709 and 3, calls, for a total amount of $153,690.
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 $150.0 to $155.0 for United Parcel Service over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Parcel Service's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Parcel Service's significant trades, within a strike price range of $150.0 to $155.0, over the past month.
United Parcel Service 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | CALL | TRADE | BULLISH | 06/21/24 | $155.00 | $73.0K | 2.3K | 58 |
| UPS | PUT | TRADE | BEARISH | 06/21/24 | $150.00 | $58.4K | 1.4K | 217 |
| UPS | CALL | SWEEP | BEARISH | 06/21/24 | $155.00 | $47.1K | 2.3K | 123 |
| UPS | PUT | TRADE | BEARISH | 06/21/24 | $150.00 | $39.2K | 1.4K | 2.0K |
| UPS | PUT | SWEEP | BULLISH | 06/21/24 | $150.00 | $34.3K | 1.4K | 1.1K |
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.
United Parcel Service's Current Market Status
- With a trading volume of 1,577,281, the price of UPS is down by -0.32%, reaching $157.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 26 days from now.
What Analysts Are Saying About United Parcel Service
2 market experts have recently issued ratings for this stock, with a consensus target price of $155.5.
- An analyst from Daiwa Capital has revised its rating downward to Neutral, adjusting the price target to $155.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for United Parcel Service, targeting a price of $156.
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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