United Parcel Service Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for United Parcel Service (UPS), with a bearish stance being taken by a majority of investors. Of the 25 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $375,610 and for calls was $932,625. Whales have been targeting a price range from $100.0 to $210.0 for UPS over the last 3 months. Morgan Stanley has downgraded UPS to Underweight with a price target of $100.
July 12, 2023 | 7:49 pm
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Unusual options activity has been detected for UPS, with a bearish stance being taken by a majority of investors. Morgan Stanley has downgraded UPS to Underweight with a price target of $100.
The bearish stance taken by a majority of investors and the downgrade by Morgan Stanley to Underweight with a price target of $100 indicates a negative short term impact on UPS. The unusual options activity suggests that investors are expecting the price of UPS to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100