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Deep-pocketed investors have adopted a bullish approach towards United Parcel Service (NYSE: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 18 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 55% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $321,277, and 12 are calls, amounting to $535,813.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $127.0 to $165.0 for United Parcel Service over the recent three months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Parcel Service's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Parcel Service's significant trades, within a strike price range of $127.0 to $165.0, over the past month.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UPS | CALL | SWEEP | BULLISH | 01/17/25 | $7.9 | $7.8 | $7.9 | $140.00 | $94.8K | 690 | 98 |
| UPS | PUT | SWEEP | BEARISH | 08/16/24 | $16.15 | $15.15 | $16.15 | $150.00 | $80.7K | 40 | 54 |
| UPS | CALL | SWEEP | BULLISH | 01/17/25 | $8.0 | $7.95 | $8.0 | $140.00 | $66.8K | 690 | 10 |
| UPS | PUT | SWEEP | BULLISH | 01/17/25 | $9.4 | $9.1 | $9.1 | $135.00 | $63.7K | 1.7K | 0 |
| UPS | CALL | SWEEP | BEARISH | 08/16/24 | $5.65 | $5.65 | $5.65 | $135.00 | $62.7K | 433 | 498 |
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 22 million packages per day to residences and businesses across the globe. UPS' domestic US 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. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
Following our analysis of the options activities associated with United Parcel Service, we pivot to a closer look at the company's own performance.
2 market experts have recently issued ratings for this stock, with a consensus target price of $150.5.
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.
Posted In: UPS
