United Parcel Service Whale Trades For June 16

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 13 uncommon options trades for United Parcel Service.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $504,555, and 3 are calls, for a total amount of $131,075.

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 $125.0 to $185.0 for United Parcel Service over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 1549.27 with a total volume of 1,250.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for United Parcel Service's big money trades within a strike price range of $125.0 to $185.0 over 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 PUT TRADE BULLISH 08/19/22 $160.00 $87.1K 2.5K 252
UPS PUT SWEEP BEARISH 01/20/23 $125.00 $76.0K 1.0K 210
UPS PUT TRADE BEARISH 08/19/22 $160.00 $75.6K 2.5K 119
UPS CALL SWEEP BULLISH 10/21/22 $170.00 $65.4K 292 45
UPS PUT SWEEP BEARISH 08/19/22 $185.00 $60.5K 371 38

Where Is United Parcel Service Standing Right Now?

  • With a volume of 1,685,544, the price of UPS is down -2.53% at $171.43.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 40 days.

What The Experts Say On United Parcel Service:

  • Goldman Sachs has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $215.

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
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!