United Parcel Service Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on United Parcel Service (NYSE:UPS) with 11 unusual options trades detected. 36% of investors opened trades with bullish expectations, while 63% were bearish. Whales have been targeting a price range of $160 to $230 for UPS over the last 3 months.
May 22, 2023 | 8:02 pm
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A whale has taken a bearish stance on United Parcel Service (NYSE:UPS) with 11 unusual options trades detected. Whales have been targeting a price range of $160 to $230 for UPS over the last 3 months.
The bearish stance taken by a whale with a large amount of money to spend on United Parcel Service options indicates a potential negative impact on the stock price in the short term. The targeted price range of $160 to $230 also suggests that there is uncertainty in the market regarding UPS's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100