What Are Whales Doing With United Parcel Service

Someone with a lot of money to spend has taken a bearish stance on United Parcel Service UPS.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 21 uncommon options trades for United Parcel Service.

This isn't normal.

The overall sentiment of these big-money traders is split between 14% bullish and 85%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $682,452, and 12 are calls, for a total amount of $2,479,800.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $150.0 to $195.0 for United Parcel Service over the last 3 months.

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 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 activity within a strike price range from $150.0 to $195.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPS CALL TRADE BEARISH 06/17/22 $195.00 $2.0M 2.4K 12.5K
UPS PUT SWEEP BEARISH 06/17/22 $180.00 $370.5K 2.0K 739
UPS CALL TRADE BULLISH 05/13/22 $177.50 $98.0K 14 807
UPS CALL SWEEP BEARISH 05/06/22 $177.50 $63.0K 70 266
UPS PUT SWEEP BEARISH 07/15/22 $170.00 $50.3K 443 152

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPS CALL TRADE BEARISH 06/17/22 $195.00 $2.0M 2.4K 12.5K
UPS PUT SWEEP BEARISH 06/17/22 $180.00 $370.5K 2.0K 739
UPS CALL TRADE BULLISH 05/13/22 $177.50 $98.0K 14 807
UPS CALL SWEEP BEARISH 05/06/22 $177.50 $63.0K 70 266
UPS PUT SWEEP BEARISH 07/15/22 $170.00 $50.3K 443 152

Where Is United Parcel Service Standing Right Now?

  • With a volume of 3,960,839, the price of UPS is down -1.3% at $177.63.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 85 days.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets