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 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $537,512 and 3, calls, for a total amount of $154,333.
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 $125.0 to $210.0 for United Parcel Service over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for United Parcel Service's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United Parcel Service's whale activity within a strike price range from $125.0 to $210.0 in 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 | SWEEP | BULLISH | 04/19/24 | $165.00 | $127.5K | 429 | 386 |
| UPS | PUT | TRADE | BEARISH | 01/19/24 | $200.00 | $117.6K | 64 | 30 |
| UPS | PUT | TRADE | NEUTRAL | 01/19/24 | $200.00 | $98.7K | 64 | 75 |
| UPS | CALL | SWEEP | NEUTRAL | 04/19/24 | $165.00 | $94.3K | 387 | 386 |
| UPS | PUT | TRADE | BEARISH | 11/17/23 | $210.00 | $74.2K | 0 | 15 |
Where Is United Parcel Service Standing Right Now?
- With a volume of 1,409,369, the price of UPS is down -0.52% at $159.9.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 41 days.
What The Experts Say On United Parcel Service:
- Citigroup has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $180.
- Stephens & Co. downgraded its action to Equal-Weight with a price target of $195
- B of A Securities has decided to maintain their Neutral rating on United Parcel Service, which currently sits at a price target of $177.
- Evercore ISI Group has decided to maintain their In-Line rating on United Parcel Service, which currently sits at a price target of $179.
- TD Cowen has decided to maintain their Market Perform rating on United Parcel Service, which currently sits at a price target of $185.
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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