United Parcel Service Unusual Options Activity For July 28
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on United Parcel Service (NYSE:UPS) as evidenced by unusual options activity. The options scanner at Benzinga spotted 12 uncommon trades, split evenly between bullish and bearish sentiment. The trades included 4 puts amounting to $326,060 and 8 calls amounting to $2,875,317. The targeted price range for UPS over the last 3 months has been $175.0 to $200.0. Meanwhile, Morgan Stanley has downgraded UPS to Underweight with a price target of $100.
July 28, 2023 | 5:15 pm
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Unusual options activity has been detected for UPS, indicating a significant bullish stance. However, Morgan Stanley has downgraded the stock to Underweight.
The unusual options activity indicates a bullish stance on UPS, suggesting that some investors expect the stock to rise. However, the downgrade by Morgan Stanley could counteract this bullish sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100