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


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 18 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 55% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $321,277, and 12 are calls, amounting to $535,813.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $127.0 to $165.0 for United Parcel Service over the recent 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 $127.0 to $165.0, over the past month.

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 CALL SWEEP BULLISH 01/17/25 $7.9 $7.8 $7.9 $140.00 $94.8K 690 98
UPS PUT SWEEP BEARISH 08/16/24 $16.15 $15.15 $16.15 $150.00 $80.7K 40 54
UPS CALL SWEEP BULLISH 01/17/25 $8.0 $7.95 $8.0 $140.00 $66.8K 690 10
UPS PUT SWEEP BULLISH 01/17/25 $9.4 $9.1 $9.1 $135.00 $63.7K 1.7K 0
UPS CALL SWEEP BEARISH 08/16/24 $5.65 $5.65 $5.65 $135.00 $62.7K 433 498

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.

Current Position of United Parcel Service

  • With a volume of 2,366,468, the price of UPS is down -3.13% at $134.26.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 28 days.

Expert Opinions on United Parcel Service

2 market experts have recently issued ratings for this stock, with a consensus target price of $150.5.

  • Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for United Parcel Service, targeting a price of $145.
  • An analyst from Wells Fargo downgraded its action to Overweight with a price target of $156.

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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Posted In: OptionsMarketsBZI-UOA
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