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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $262,957 and 3, calls, for a total amount of $212,546.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $180.0 for United Parcel Service, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $85.0 to $180.0 in the last 30 days.
United Parcel Service Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPS | CALL | TRADE | BEARISH | 06/07/24 | $7.9 | $7.05 | $7.05 | $140.00 | $105.7K | 0 | 0 |
| UPS | PUT | TRADE | BEARISH | 10/18/24 | $13.6 | $13.45 | $13.6 | $155.00 | $93.8K | 197 | 70 |
| UPS | CALL | TRADE | BULLISH | 06/20/25 | $4.35 | $3.75 | $4.24 | $180.00 | $75.8K | 391 | 180 |
| UPS | PUT | TRADE | BULLISH | 01/17/25 | $13.15 | $13.05 | $13.05 | $150.00 | $44.3K | 2.1K | 55 |
| UPS | PUT | SWEEP | BULLISH | 05/17/24 | $1.83 | $1.82 | $1.82 | $145.00 | $40.4K | 3.4K | 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 22 million packages per day to residences and businesses across the globe. UPS' domestic US 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. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
In light of the recent options history for United Parcel Service, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is United Parcel Service Standing Right Now?
- Currently trading with a volume of 2,071,803, the UPS's price is down by -0.08%, now at $146.32.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 92 days.
Professional Analyst Ratings for United Parcel Service
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $159.4.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for United Parcel Service, targeting a price of $157.
- In a positive move, an analyst from HSBC has upgraded their rating to Buy and adjusted the price target to $170.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on United Parcel Service with a target price of $160.
- An analyst from JP Morgan has decided to maintain their Neutral rating on United Parcel Service, which currently sits at a price target of $150.
- An analyst from B of A Securities persists with their Neutral rating on United Parcel Service, maintaining a target price of $160.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United Parcel Service with Benzinga Pro for real-time alerts.
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