Behind the Scenes of United Parcel Service's Latest Options Trends

United Parcel Service, Inc. Class B +0.02%

United Parcel Service, Inc. Class B

UPS

142.77

+0.02%

Investors with a lot of money to spend have taken a bearish stance on United Parcel Service (NYSE:UPS).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for United Parcel Service.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $564,363, and 2 are calls, for a total amount of $154,600.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $135.0 to $180.0 for United Parcel Service over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 231.12 with a total volume of 2,728.00.

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 $135.0 to $180.0 over the last 30 days.

United Parcel Service Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UPS CALL TRADE BEARISH 01/16/26 $155.00 $120.0K 244 50
UPS PUT TRADE BULLISH 07/19/24 $165.00 $62.8K 37 83
UPS PUT SWEEP BEARISH 06/21/24 $135.00 $62.4K 884 501
UPS PUT SWEEP BEARISH 06/21/24 $135.00 $58.6K 884 846
UPS PUT SWEEP BULLISH 04/19/24 $170.00 $48.1K 42 30

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

United Parcel Service's Current Market Status

  • With a trading volume of 855,122, the price of UPS is down by -0.39%, reaching $156.7.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 32 days from now.

Professional Analyst Ratings for United Parcel Service

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $155.5.

  • Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on United Parcel Service with a target price of $156.
  • In a cautious move, an analyst from Daiwa Capital downgraded its rating to Neutral, setting a price target of $155.

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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