Whales with a lot of money to spend have taken a noticeably bearish stance on United Parcel Service.
Looking at options history for United Parcel Service UPS we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $115,128 and 20, calls, for a total amount of $2,619,221.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $220.0 for United Parcel Service during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 2364.46 with a total volume of 8,671.00.
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 $130.0 to $220.0 over the last 30 days.
United Parcel Service Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UPS | CALL | TRADE | BEARISH | 01/19/24 | $165.00 | $1.2M | 5.7K | 264 |
| UPS | CALL | SWEEP | BULLISH | 04/19/24 | $160.00 | $240.5K | 1.8K | 216 |
| UPS | CALL | SWEEP | BULLISH | 12/15/23 | $155.00 | $213.6K | 3.3K | 845 |
| UPS | CALL | SWEEP | BULLISH | 12/15/23 | $155.00 | $105.4K | 3.3K | 280 |
| UPS | CALL | SWEEP | BEARISH | 01/19/24 | $170.00 | $89.6K | 3.9K | 1.5K |
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.
Having examined the options trading patterns of United Parcel Service, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of United Parcel Service
- With a trading volume of 2,057,210, the price of UPS is down by -1.02%, reaching $160.7.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 46 days from now.
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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