This Is What Whales Are Betting On United Parcel Service

This Is What Whales Are Betting On United Parcel Service

Someone with a lot of money to spend has taken a bullish 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.

Today, Benzinga's options scanner spotted 14 options trades for United Parcel Service.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $29,916, and 13, calls, for a total amount of $748,883..

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 $155.0 to $185.0 for United Parcel Service over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $155.0 to $185.0 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 SWEEP BULLISH 04/21/23 $185.00 $110.4K 524 485
UPS CALL SWEEP BULLISH 04/21/23 $185.00 $94.4K 524 835
UPS CALL TRADE NEUTRAL 12/23/22 $160.00 $73.9K 66 56
UPS CALL SWEEP BULLISH 04/21/23 $185.00 $71.5K 524 343
UPS CALL SWEEP BEARISH 04/21/23 $185.00 $69.6K 524 167

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPS CALL SWEEP BULLISH 04/21/23 $185.00 $110.4K 524 485
UPS CALL SWEEP BULLISH 04/21/23 $185.00 $94.4K 524 835
UPS CALL TRADE NEUTRAL 12/23/22 $160.00 $73.9K 66 56
UPS CALL SWEEP BULLISH 04/21/23 $185.00 $71.5K 524 343
UPS CALL SWEEP BEARISH 04/21/23 $185.00 $69.6K 524 167

Where Is United Parcel Service Standing Right Now?

  • With a volume of 670,264, the price of UPS is up 4.04% at $170.63.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 82 days.

What The Experts Say On United Parcel Service:

  • Deutsche Bank has decided to maintain their Hold rating on United Parcel Service, which currently sits at a price target of $197.
  • UBS has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $196.
  • Wells Fargo has decided to maintain their Overweight rating on United Parcel Service, which currently sits at a price target of $207.
  • Argus Research has decided to maintain their Buy rating on United Parcel Service, which currently sits at a price target of $190.
  • Jefferies downgraded its action to Buy with a price target of $190

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.

Posted In: BZI-UOAOptionsMarkets