United Parcel Service Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bullish stance on United Parcel Service.

Looking at options history for United Parcel Service UPS we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $342,992 and 7, calls, for a total amount of $536,380.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $120.0 to $185.0 for United Parcel Service during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 1721.5 with a total volume of 2,466.00.

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 $120.0 to $185.0 over the last 30 days.

United Parcel Service Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPS CALL TRADE BEARISH 06/21/24 $150.00 $184.5K 1.4K 100
UPS CALL SWEEP BULLISH 04/19/24 $160.00 $102.0K 1.4K 117
UPS CALL TRADE BULLISH 06/21/24 $155.00 $78.7K 2.2K 50
UPS PUT TRADE BULLISH 12/22/23 $160.00 $65.2K 947 1.2K
UPS CALL SWEEP BEARISH 01/17/25 $175.00 $54.3K 10.1K 102

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.

Having examined the options trading patterns of United Parcel Service, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of United Parcel Service

  • With a volume of 1,727,401, the price of UPS is down -0.09% at $161.43.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 42 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.

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Posted In: OptionsMarketsBZI-UOA
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