Behind the Scenes of United Parcel Service's Latest Options Trends

Investors with a lot of money to spend have taken a bullish stance on United Parcel Service UPS.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UPS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for United Parcel Service.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $103,185, and 7 are calls, for a total amount of $398,981.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $143.0 for United Parcel Service, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United Parcel Service's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Parcel Service's substantial trades, within a strike price spectrum from $120.0 to $143.0 over the preceding 30 days.

United Parcel Service Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UPS CALL TRADE BULLISH 06/28/24 $13.4 $12.9 $13.4 $125.00 $134.0K 100 100
UPS CALL SWEEP NEUTRAL 07/26/24 $3.75 $3.55 $3.6 $143.00 $96.0K 5 4.3K
UPS PUT TRADE BEARISH 08/16/24 $2.7 $2.67 $2.7 $130.00 $47.5K 160 222
UPS CALL SWEEP BULLISH 07/26/24 $3.55 $3.45 $3.55 $143.00 $38.8K 5 3.0K
UPS CALL SWEEP BEARISH 07/26/24 $3.5 $3.35 $3.35 $143.00 $35.1K 5 1.3K

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.

After a thorough review of the options trading surrounding United Parcel Service, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of United Parcel Service

  • Trading volume stands at 782,663, with UPS's price up by 1.4%, positioned at $139.49.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 46 days.

What The Experts Say On United Parcel Service

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $156.0.

  • Reflecting concerns, an analyst from Wells Fargo lowers its rating to Overweight with a new price target of $156.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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