Deep-pocketed investors have adopted a bearish 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 10 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 20% leaning bullish and 80% bearish. Among these notable options, 6 are puts, totaling $301,851, and 4 are calls, amounting to $292,282.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $155.0 for United Parcel Service, spanning the last three 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 $105.0 to $155.0 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 | BEARISH | 04/19/24 | $140.00 | $96.6K | 244 | 37 |
| UPS | PUT | SWEEP | BEARISH | 06/21/24 | $140.00 | $75.2K | 454 | 1 |
| UPS | CALL | SWEEP | BEARISH | 04/19/24 | $145.00 | $72.4K | 533 | 4 |
| UPS | PUT | TRADE | BULLISH | 01/16/26 | $135.00 | $72.0K | 442 | 0 |
| UPS | CALL | SWEEP | BEARISH | 06/21/24 | $105.00 | $68.9K | 2 | 20 |
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 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. 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.
Following our analysis of the options activities associated with United Parcel Service, we pivot to a closer look at the company's own performance.
United Parcel Service's Current Market Status
- Currently trading with a volume of 2,660,668, the UPS's price is up by 0.49%, now at $139.01.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 81 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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