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United Parcel Service Unusual Options Activity
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United Parcel Service Unusual Options Activity
Apr 8, 2024 10:19 AM

Financial giants have made a conspicuous bearish move on United Parcel Service ( UPS ). Our analysis of options history for United Parcel Service ( UPS ) revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $190,030, and 5 were calls, valued at $168,982.

Expected Price Movements

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 $180.0 for United Parcel Service ( UPS ) during the past quarter.

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 ( UPS ) 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 ( UPS ) whale activity within a strike price range from $130.0 to $180.0 in the last 30 days.

United Parcel Service Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UPS PUT SWEEP NEUTRAL 09/20/24 $4.2 $4.2 $4.2 $135.00 $89.0K 663 215
UPS PUT SWEEP BEARISH 09/20/24 $9.45 $9.25 $9.4 $150.00 $57.3K 644 59
UPS PUT SWEEP BULLISH 06/21/24 $4.6 $4.5 $4.5 $145.00 $43.6K 1.1K 118
UPS CALL TRADE BEARISH 09/20/24 $1.91 $1.84 $1.84 $180.00 $37.3K 3.7K 1
UPS CALL SWEEP BULLISH 01/16/26 $13.1 $12.55 $13.0 $170.00 $33.8K 209 0

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 ( UPS ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of United Parcel Service

With a trading volume of 1,321,602, the price of UPS is down by -0.48%, reaching $150.64.

Current RSI values indicate that the stock is is currently neutral between overbought and oversold.

Next earnings report is scheduled for 15 days from now.

What The Experts Say On United Parcel Service

In the last month, 5 experts released ratings on this stock with an average target price of $147.8.

Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on United Parcel Service ( UPS ) with a target price of $165.

An analyst from Evercore ISI Group has decided to maintain their In-Line rating on United Parcel Service ( UPS ), which currently sits at a price target of $154.

An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $180.

An analyst from Morgan Stanley persists with their Underweight rating on United Parcel Service ( UPS ), maintaining a target price of $100.

Consistent in their evaluation, an analyst from TD Cowen keeps a Hold rating on United Parcel Service ( UPS ) with a target price of $140.

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 ( UPS ), Benzinga Pro gives you real-time options trades alerts.

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