What Are Whales Doing With United Parcel Service

By Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bearish stance on United Parcel Service.

Looking at options history for United Parcel Service (NYSE:UPS) we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $137,643 and 8, calls, for a total amount of $343,096.

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 $130.0 to $250.0 for United Parcel Service over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for United Parcel Service options trades today is 1334.0 with a total volume of 1,441.00.

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 $130.0 to $250.0 over 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 TRADE BEARISH 01/21/22 $180.00 $62.8K 2.8K 20
UPS CALL SWEEP BULLISH 01/20/23 $250.00 $53.4K 1.6K 54
UPS PUT SWEEP BEARISH 01/21/22 $212.50 $51.6K 248 189
UPS CALL SWEEP BEARISH 01/20/23 $200.00 $49.9K 1.0K 42
UPS CALL SWEEP BULLISH 01/20/23 $200.00 $44.4K 1.0K 24

Where Is United Parcel Service Standing Right Now?

  • With a volume of 2,014,623, the price of UPS is down -3.11% at $211.37.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 22 days.

What The Experts Say On United Parcel Service:

  • Citigroup upgraded its action to Buy with a price target of $250

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

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