A whale with a lot of money to spend has taken a noticeably bearish stance on United Parcel Service.
Looking at options history for United Parcel Service UPS we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $981,950 and 7, calls, for a total amount of $616,045.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $230.0 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 1075.57 with a total volume of 4,689.00.
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 $90.0 to $230.0 over the last 30 days.
United Parcel Service Option Volume And Open Interest Over 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 | BEARISH | 06/16/23 | $190.00 | $867.5K | 3 | 502 |
| UPS | CALL | SWEEP | BEARISH | 08/19/22 | $195.00 | $235.5K | 3.4K | 616 |
| UPS | CALL | TRADE | NEUTRAL | 08/19/22 | $195.00 | $146.2K | 3.4K | 1.4K |
| UPS | CALL | TRADE | BULLISH | 01/20/23 | $230.00 | $102.0K | 2.3K | 325 |
| UPS | PUT | TRADE | BULLISH | 01/20/23 | $210.00 | $72.4K | 1.4K | 35 |
Where Is United Parcel Service Standing Right Now?
- With a volume of 1,192,048, the price of UPS is down -0.09% at $196.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 78 days.
What The Experts Say On United Parcel Service:
- UBS has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $221.
- Wells Fargo has decided to maintain their Overweight rating on United Parcel Service, which currently sits at a price target of $223.
- Raymond James has decided to maintain their Strong Buy rating on United Parcel Service, which currently sits at a price target of $225.
- Barclays has decided to maintain their Equal-Weight rating on United Parcel Service, which currently sits at a price target of $200.
- Citigroup has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $210.
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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