Deep-pocketed investors have adopted a bullish approach towards United Parcel Service UPS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UPS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for United Parcel Service. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 22% bearish. Among these notable options, 5 are puts, totaling $290,054, and 4 are calls, amounting to $122,411.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $180.0 for United Parcel Service, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Parcel Service's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Parcel Service's significant trades, within a strike price range of $125.0 to $180.0, over the past month.
United Parcel Service 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPS | PUT | TRADE | BULLISH | 06/20/25 | $6.35 | $6.25 | $6.29 | $125.00 | $116.3K | 324 | 4 |
| UPS | PUT | SWEEP | BULLISH | 05/17/24 | $14.15 | $14.0 | $14.05 | $160.00 | $58.9K | 1.0K | 78 |
| UPS | PUT | TRADE | BEARISH | 05/17/24 | $14.1 | $13.95 | $14.05 | $160.00 | $42.1K | 1.0K | 36 |
| UPS | PUT | SWEEP | NEUTRAL | 09/20/24 | $20.25 | $19.8 | $19.9 | $165.00 | $39.8K | 150 | 20 |
| UPS | CALL | SWEEP | BEARISH | 06/20/25 | $4.5 | $4.3 | $4.3 | $180.00 | $37.8K | 418 | 59 |
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.
Following our analysis of the options activities associated with United Parcel Service, we pivot to a closer look at the company's own performance.
Present Market Standing of United Parcel Service
- With a volume of 2,473,628, the price of UPS is up 0.2% at $148.06.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 89 days.
What The Experts Say On United Parcel Service
5 market experts have recently issued ratings for this stock, with a consensus target price of $163.2.
- An analyst from HSBC upgraded its action to Buy with a price target of $170.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on United Parcel Service with a target price of $160.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on United Parcel Service with a target price of $157.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for United Parcel Service, targeting a price of $160.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for United Parcel Service, targeting a price of $169.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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