Smart Money Is Betting Big In UPS Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bullish trend in the options market for United Parcel Service (NYSE:UPS), with a majority of trades leaning towards bullish sentiments. Analysis of recent options trades shows a preference for calls over puts, indicating expectations for UPS's stock price to rise within a target range of $145.0 to $175.0. The largest trades have been bullish call sweeps with expiration dates extending into 2024 and 2025. Despite a slight decline in UPS's stock price by -0.44% to $147.75, the market sentiment and trading volume suggest optimism about the company's future performance.
February 20, 2024 | 5:15 pm
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United Parcel Service (NYSE:UPS) has seen a bullish trend in options trading, with a significant volume of call options indicating market optimism. Despite a slight decrease in stock price, the overall sentiment and trading activity suggest potential for short-term growth within the target price range of $145.0 to $175.0.
The bullish sentiment in UPS's options market, characterized by a higher volume of call options and trading activity targeting a price range of $145.0 to $175.0, indicates investor confidence in the company's short-term growth potential. Despite a minor price dip, the strong trading volume and optimistic market sentiment support a positive short-term impact on UPS's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100